kcerizo@mauinews.com
A for-sale sign fronts a four-bedroom home on South Alu Road in Wailuku Heights on Tuesday that is listed for $1.1 million. Maui County single-family home median sales prices in January reached an all-time high of $980,000, according to the Realtors Association of Maui. The Maui News / MATTHEW THAYER photo
Maui County single-family home median sales prices in January reached an all-time high of $980,000, according to Realtors Association of Maui data that goes back to 1993.
January’s single-family median sales price increased 26 percent year-over-year, a RAM report published Monday showed. The previous record of $867,500 was set in October. December and November came just shy at $859,000 and $852,500, respectively.
kcerizo@mauinews.com
A real estate sign is posted on a Wailuku Heights property in 2018. Single-family homes on Maui are seeing a buying surge in November. Low inventory and historically low mortgage rates may have contributed to the fast sales. The Maui News / MATTHEW THAYER photo
High-priced Maui single-family homes were snapped up faster in November than in any month over the past two years, according to a report by Realtors Association of Maui.
Published Dec. 8, the report said strong buyer demand is likely to continue.
Days on the market until sale the average number of days between when a property is listed and when it closed in a given month was just under two months in November at 111 days. The last time single-family homes sold that quickly was in October of 2018.