comscore Maui housing market flat in February, except for condo prices | Honolulu Star-Advertiser
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Maui housing market flat in February, except for condo prices


More million-dollar condominium purchases provided a bit of zest to what was mostly a bland month for Maui County’s housing market in February.

Data released Sunday by the Realtors Association of Maui showed the median condo sale price last month soared 38 percent to $475,000 from $345,000 a year earlier.

The jump largely was produced by more high-end condo sales in regions with master-planned resorts that countered a sales drop in one area with more moderate-priced condos last month.

In four regions where median condo sale prices are around $1 million or more — Wailea/Makena, Kaanapali and Lanai — there were nine more condo sales in February than there were in the same month last year.

By contrast, there were nine fewer sales in the Napili/Kahana/Honokowai area where the median sale price was $477,000 last month.

Overall, there were 93 condo sales last month compared with 89 a year earlier.

In Maui’s biggest submarket for condos, Kihei, there were 30 sales for a median 357,500. A year earlier there were 31 sales for a median $305,000.

Maui’s single-family house market was flat for both sales volume and median price.

There were 60 sales last month, unchanged from a year earlier. The median price was down less than 1 percent to $558,625 from $560,000 in the same period.

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