Lei Day, our flower and May Day celebrations around the State have lapsed and Summer is now approaching. I’ve noticed the beaches are quieter and parking is a bit easier to find around the Island with the departure of our snow-bird visitors. Here is our brief recap of Maui real estate sales for the month of April’s, 215 closings.
RESIDENTIAL sales tallied to 79 closed transactions and just shy of the 80 closed sales for the previous month. The median home price in Maui County increased from $432,500 in March to $469,000 in April. Of the 79 homes that sold last month, 30.4% were distressed (short sale or bank-owned) properties.
The high sale in November occurred in South Maui within a neighborhood community known as Kilohana Hema, located at the south end of Kihei adjacent to the entrance of Wailea. Comprised 4 bedrooms, 4.5 baths and over 3700 sf of interior living space, this home is the jewel of the neighborhood. The sale price of this luxury Maui home closed at $2,366,666. Sale terms: Lease/option.
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