Blog Detail
August Stats
August Median Sales Price Stats
The median home sales price continues to rise through August. The median single family home sales price for Maui county last month was $669K, 22% higher than August of last year. Condo median sales prices followed the same trend at $420K also 22% higher than August 2015. 6 out of the 8 months this year the median single family home price was over $600K and the 2 months it fell short in February and July were very close at $595K and $599K respectively.
Single family home inventory only grew slightly last month by .6% over its monthly average throughout the year. Condo inventory dropped 2.4% from its monthly average down to 954. Meanwhile foreclosure and short sales continue to fall.
The volume of condos sold increased 10% year to date to 881 this year. There was no change in the volume of single family homes sold year to date. 32% of 2016 single family home sales have been in central Maui where homes sell for a median price of $553,750. Kihei has the majority volume of the condo market at 34% where condo are selling for a median price of $330K.