According to the Realtors Association of Maui (RAM), the price of single-family homes decreased in October while condo prices and sales rose.
The median price of a Maui County condo was $400,842 which is a four percent increase since the same month last year. This number is based on 61 sales as opposed to 49 in October 2008. That is a 24 percent increase, but as with all small markets, one should not give too much weight to the percentages, at least not unless the change is consistent. The reason for this is because a small change the number of units sold can swing the percentage more extremely than a market with larger numbers.
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