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General sale prices for homes on Maui in October didn’t stray much from where they were a year ago, according to new data from the Realtors Association of Maui.
The median sale price for single-family homes on the Valley Isle slipped 6% to $732,000 last month from $774,223 a year earlier.
Maui condominiums sold for a median $515,800 in October, up 3% from $500,000 in the same month last year.
The median is a point at which half the homes sold for a higher price and half for a lower price.
Sales volumes moved in opposite directions compared with median prices last month on Maui, rising for single-family homes and dipping for condos.
There were 104 Maui single-family home sales last month, up 18% from 88 sales a year earlier. Condo sales slipped 2% to 132 from 134 in the same period.
The Realtors Association of Maui includes sales of new and previously owned homes in its tally.
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HOME SALES
The number of homes sold on Maui in October with the median price and percentage change from the same month last year.
HOMES
Sales | Median Price
2019: 104 | $732,000
2018: 88 | $774,223
Change: 18.2% | -5.5%
CONDOS
Sales | Median Price
2019: 132 | $515,000
2018: 134 | $500,000
Change: -1.5% | 3.2%
Source: Realtors Association of Maui