Maui Home and Condo Sales Jump in April!
Posted by Tony Kawaguchi, RA on Monday, May 10th, 2010 at 12:51am.I was suprised to see this article in Pacific Business News today, which said that Maui real estate sales jumped in April, up four times over the number of sales a year ago.
158 Maui and Molokai condos sold last month, nearly four times the 41 units that sold in April 2009. The median price of a condo also rose to $455,000, up 11 percent over $410,000 in April 2009. The developer sales at Honua Kai, which ranged from 573,300 to $4.5 million also influenced prices, the Realtors association said.
Single-family home sales for Maui County jumped 76 percent to 88 houses sold, up from 50 in April 2009. The median price of a single-family home fell, however, to $477,500, down 4 percent from $497,000 in April 2009.
Good news for the neighbor islands, which were hit a lot harder than Oahu's market over the last few years. Since those islands are more dependent on vacation home owners than Oahu, recessions always effect their markets more than Oahu's market.
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