Maui Median Home Prices Only Off 1% !!

Buyers need to base their decisions on local facts, not generalized national statistics and emotional hysteria. HERE ARE THE FACTS: Home sales on Maui got off to a slow start in January, although the price of single-family homes held steady. The median price of a single-family home in Maui County last month was $558,000, just 1 percent off the median price of $563,225 in January 2008, according to statistics from the Realtors Association of Maui. The January median price was based on just 29 sales, however, a sharp drop from 57 sales during the same month in 2008. That included the sale of one home on Lanai for $340,000. There were no homes sold on Molokai in January. On the other hand, the median price of a condominium in Maui County fell 30 percent in January to $427,500, down from $610,000 in January 2008. The price was based on 48 units sold last month, a sharp drop from 89 units sold in January 2008. That included two units sold on Molokai with a median sale price of $287,500. There were no condo units sold on Lanai last month. Some regions of Maui are suffering and others not therefore contact an expert real estate broker, call Scott Berry 808-264-7016 or e-mail Scott@BerryRealtyGroup.com

Maui Parks Get $41 Million Improvement

Maui County would get 39 state parks capital improvement projects worth nearly $41 million under a “Recreational Renaissance” initiative backed by Gov. Linda Lingle and the state Department of Land and Natural Resources.According to details released by the governor last week, the breakdown would be 32 projects for Maui island estimated to cost $35.7 million, six for Molokai carrying a $4.5 million price tag, and one for Lanai valued at $770,000.