The March 2013 Maui Real Estate Statistics are out. Median Sales Price of a home is now $508,000, which is up from a year ago March when the median was $435,000. There were 79 homes sold in March, about the same as a year earlier when 82 sold, and up from 66 in February (short month).
As for condos, the median Maui price is $375,000, which is up from both the prior month and March the prior year ($368,043). There were 101 units closed in March, down from 130 a year earlier.
Land transactions are up, with 25 properties sold this March, compared to 13 in February adn 22 in March a year ago.
Inventory continues to be low. Many properties are receiving multiple offers quickly. Call us at Delmore Realty at 808-242-1467 to speak to us about today’s intense real estate market. We will look out for your real estate needs.