http://www.bizjournals.com/pacific/news/2012/12/10/home-sales-prices-jump-in-maui-county.html
Maui County home and condominium sales saw double-digit increases
last month with a 10 percent spike in single family homes and a 24
percent jump in condominium purchases, according to statistics from the Realtors Association of Maui.
There were 84 single-family homes sold in November, compared with 76
sales during the same month last year. The median price for a
single-family home in Maui County jumped 10 percent to $467,500 last
month. The price was $422,500 in November 2011.
Meanwhile, there were 96 condo sales last month, compared to 77 the
same time last year. The median sales price for condos rose 47 percent
to $390,945, from $265,000 in November 2011.
since the top of the bubble in late 2005, house prices in hilo have actually dropped by 20 to 30% ... but it is obvious many realtors have not noticed this drop and still are listing homes for prices beyond what the market will pay or what lenders will loan.
ReplyDeleteMaui Foreclosures