Maui, Hawaii Real Estate April 2013 Statistics
At first glance, it isn't readily apparent how Maui County's reviving economy is affecting the islands' real estate market, which struggled through the recession with low prices and a glut of foreclosed properties.
Statistics released recently by the Realtors Association of Maui show flat sales with 77 single-family homes sold in April, three less than in March and two less than in April 2012. The median price of a home in April was $500,000 - 1.9 percent less than a month earlier, but 6.6 percent higher than April 2012.
For condominium sales in April, sales volume was up significantly, with 143 condos exchanging hands - 41.2 percent higher than March's sales of 101 units and 10.9 percent more than the 129 units sold in April 2012. But prices were relatively unchanged: The median price of a condo was $370,000, or 1.3 percent less than March's $375,000 and 7.2 percent less than last year's April price of $399,000.
Year-to-date figures (comparing Jan. 1 to April 30 this year with the same period in 2012) show Continue to article (click here).
Article originally published by The Maui News, June 3, 2013