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