Attention Maui condominium homeowners! Now may be a great time to sell as prices are increasing on the island for condominium units across the board.
According to the latest statistics from the Realtors Association of Maui, the sale of condominium homes on Maui increased during the month of June compared to the same time last year.
According to the recent report, pending sales for single-family homes decreased by around 18 percent while sales for condominium homes increased by a little more than 8 percent. This is good news for condo owners looking to sell this summer as the market is poised to be an interesting one. The release states that prices are expected to increase as a result in the overall increase to the federal funds rate. And while the median sales price did decrease for single-family homes, it increased by nearly 20 percent for condominium homes, with the median sales price increasing to $515,000.
Read Full Article Here: Condo Sales in Maui Increased this June