Maui Condo Sales and Prices Up in April
By Mark Harbison
The Maui real estate statistics are in for the month of April, with a mix of results, but a climb in condo sales and prices. Home prices and sales dropped. Bear in mind that in a small market like ours, each unit counts for a larger percentage of the whole, meaning those percentages often seem extreme.
According to the Realtors Association of Maui, condo prices in Maui County jumped 18 percent in April, to $399,000 compared with $338,603 in April of 2011. The number of sales tallied up to 128 units, which was a 7 percent increase from the 120 sales in the same month last year.
As for homes, the price dropped by a scant 4 percent to $479,500 from $500,000 in April last year. There were 78 home sales, which was a 12 percent drop from the 89 that sold in April 2011.
The Big Island saw a similar trend with a small increase in condo sales and prices coupled with a small decrease in home sales and prices. Kauai saw slight sale increases but major price jumps for both condos and homes. On Oahu, sales dropped but prices increased for both homes and condos.
Hopefully this information will help you make an informed decision if you're planning on making a Hawaii real estate investment. If you need assistance in choosing the right Maui real estate for your needs, don't hesitate to use our contact information at the bottom of the page. Mahalo!