- Bill Cresenzo
- Reporter-Pacific Business News
The median price of a single-family home on Maui rose 21 percent in July on a modest increase in sales, while the median price of a condominium increased by 8 percent despite a 27 percent drop in sales, according to statistics released by the Realtors Association of Maui.
The median price of a single-family home in Maui County last month was $573,750, a 20.8 percent increase from $475,000 in July 2013, according to the Realtors Association of Maui.
That was based on sales of 98 homes, including two on Lanai and one on Molokai, which was 5 percent more than the 93 homes sold in July 2013.
The median price for a condo rose 8.4 percent to $387,500, from $357,625 in July 2013. However, sales dropped 26.8 percent to 82 units sold in July, from 112 condos sold in July 2013.
