2006年06月11日

Maui condo prices jump 69 percent

c62dccd3.gifThe median price of previously owned condominiums on Maui rose to a record $590,000 last month, up 69 percent from a year earlier.

Maui single-family home prices fell 7 percent to a median of $727,000 last month, according to data from the Realtors Association of Maui.

Maui's price swings were among the most dramatic gains and losses for Neighbor Island resales last month, though the median price for Kaua'i condos fell 13 percent from a year ago.

Maui's median single-family home price hit a record of $780,000 in May 2005, though the median has mostly stayed between $650,000 and $750,000 for the past 12 months.

The median condo sale price range has been more volatile, ranging from about $350,000 to $590,000, in part because the condo market includes a higher percentage of resort property.

There were 84 single-family home sales on Maui last month, down 24 percent from 110 a year earlier. There were 135 condo sales, down 23 percent from 175 in the same comparable period.

On the Big Island, Hawai'i Information Service said the median resale price for condos in May jumped 43 percent to $525,000 from $367,000 a year earlier. The number of condo sales fell 26 percent to 61 from 82 a year earlier.

Single-family homes on the Big Island sold last month for a median of $435,500, up 19 percent from $365,000 a year earlier. The number of homes sold fell 31 percent to 160 from 233.

On Kaua'i, the median condo price in May fell to $353,764, down 13 percent from $405,000 a year earlier. There were 78 sales, up 22 percent from 64 sales in the same period.

Single family homes on Kaua'i sold last month for a median of $785,000, up 26 percent from $625,000 a year earlier. There were 36 sales, down 39 percent from 59 sales during the same period.




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