If you're investigating the Maui real estate market for potentially lucrative investments, the monthly report from the Realtors Association of Maui (RAM) is a great place to start. The year is almost out, and that means the data on 2017 is almost complete now that we have November's report. It revealed an increase in home sales and prices last month, but a decrease in condo sales and prices, compared to the same month last year.
According to the report, the median price of a single-family home was up 8.5 percent to $689,000, compared to $635,000 in November of last year. Sales fell by 21 percent to 71, down from 91 sales, year-over-year. The median price of a condo in November was $400,000, up 4.6 percent compared to $382,500 in the same month last year. There were 126 sales, which was a 12.5 percent increase from 112 sales in November of last year.
Full Article Here: Home & Condo Prices on Maui Soar in November