The final monthly statistical report for year 2012 is out, which means numbers for the entire year in a nutshell is also now available. The month of December 2012 was hot. The month of Dec 2012 showed a medium home sales price of $511,750 on the island – more than $100,000 over the Dec 2011 median home price – a jump of over 24%. In condo sales, Dec 2012 had a median of $382,450 for all of Maui county, over 25% higher than a year earlier, when it was $304,000.
Year-to-date numbers also show gains, but with more modesty. Through all of 2012, the median Maui home price was $470,000, which improved 9% versus YTD of 2011. For condos, the median Maui price was $358,995, which is a significant 16% more than YTD of the prior year. Number of sales also were strong. For all of 2012, 933 single family homes sold, 4% better than in 2011. For condos, 1248 units sold, 8% better than in 2011.
The year 2013 is riding high on momentum built in 2012 and it looks to be exciting throughout the year.