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Sales and Prices up for Maui Homes and Condos

Maui homes and condos saw double digit gains in both sales and median prices in June.
August 18, 2017

Sales and Prices up for Maui Homes and Condos

June was a terrific month for the Maui real estate market, which was reflected clearly in the monthly report released by the Realtors Association of Maui (RAM). Sales and median prices were up for both homes and condos, contributing to the continual market growth that year-to-date statistics reveal. Slow and steady growth makes for good investment conditions, whether you plan to buy a Maui home to live in full-time or you want a Maui condo for part-time residence and short-term rentals, or any number of other unique plans.

When it comes to single-family Maui homes, RAM reports that median prices increased by 12.3% to $740,000 this past June, compared to $659,000 during the same month last year. Despite the boost in prices, the market still saw a 21.2% increase in June sales to 120 homes sold, compared with 99 homes sold in June of 2016.

This growth of sales and median prices is fairly dramatic, but they can often appear that way in a small market like ours, where just a few sales can have a big impact on the overall data. That's why we always want to look at year-to-date information for the clearest picture of the overall trends. In the first six months of 2017, single-family Maui home prices rose 11.5% to $705,000, compared to $632,500 during the same period last year. Meanwhile sales are up 2.4% to 546 sales, compared with 533 sales in the same period last year. This is the most significant and reliable data if you're interested in buying a Maui home.

As for Maui condos, the median price was $435,000 in June, which is a 13.3% increase from $384,000 in June of 2016. As in the case of Maui homes, rising prices didn't stall condo sales. In fact, there were a total of 123 sales, which was an increase of 11.8% compared to the 110 sales of last year.

Looking at the year-to-date statistics for Maui condos reveals percentage increases that nearly match June. In the first six months of 2017, condos reached a median price of $475,000, up 12.4% compared to $422,500 year-over-year. There were also 712 sales, a 10.2% increase compared to 682 sales in the same period last year.

If you'd like to go over the report yourself, just visit www.ramaui.com. Their latest monthly report is always at the top of the page. If you need assistance with your Maui real estate search, that's where we can help you. If you need us, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for August 2017

New Maui Food Truck Aims to Improve Ecosystem

Posted on August 25, 2017

New Maui Food Truck Aims to Improve Ecosystem

Most of Maui's celebrated qualities fall into two categories: stunning natural beauty and appealing lifestyle options. For many prospective Maui real estate buyers who do in fact plan to live on the island, or at least visit regularly, the culinary scene… Continue Reading

Sales and Prices up for Maui Homes and Condos

Posted on August 18, 2017

Sales and Prices up for Maui Homes and Condos

June was a terrific month for the Maui real estate market, which was reflected clearly in the monthly report released by the Realtors Association of Maui (RAM). Sales and median prices were up for both homes and condos, contributing to… Continue Reading

Convenient Space for Opening a South Maui Business

Posted on August 11, 2017

Convenient Space for Opening a South Maui Business

Thinking about buying Maui real estate and moving here permanently? It's not just an island for retirement. Many new residents bring their families to live and work here. If your dream is to buy a home and start your own business… Continue Reading

Spacious Kihei Condo for Sale at Maui Kamaole

Posted on August 04, 2017


Maui Kamaole Condo Real Estate

In the market for a South Maui real estate? Last week, we talked about a lovely 2-bedroom condo for sale at Kamaole Sands. If you're looking for something a bit more spacious, we'd like to highlight a delightful one-bedroom condo for sale, .… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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