Your guess is as good as mine as to what is happening in Maui. Median condos prices have been rising!
The median price of a condominium on Maui rose last month, while the median single-family home price fell, with lower sales in both categories.
The median price of a condo was $600,000, up 23 percent from April 2007, when the median price was $487,500, according to data from the Realtors Association of Maui.
The total number of condo sales for April was 92, down from 116 sold in April 2007. The April figures include the sale of one condo unit on Lanai for $2.5 million. More typical were sales in Kihei on Maui, where the median price from 31 sales of condos there was $499,000.
The median price of a single-family home in Maui County last month was $566,000, down 16 percent from April 2007 when it was $671,000.
The price was based on 72 sales on Maui and one $380,000 home on Lanai. There were 96 sales on Maui alone in April of last year.