Maui home sales pick up

Realtors in Maui County closed on 63 home sales in January, 13 more than last year, their professional association reports.

The Realtors Association of Maui logged about a third of those sales in two districts, the central plain and Kihei, which have been the epicenter of home sales activity for years.

The median price was around $450,000, higher than year-ago levels, through there was considerable variability from one neighborhood to the next.

The uptrend ion sales activity did not extend to condo sales. There were 60 closings in January, down a third from last year at the same time, also concentrated in the central plain and Kihei, with most selling for less than $300,000.

This was the last of the four county home sales reports from January, and was transmitted over the weekend after some data issues last week.

Realtors in all four operating counties have reported some increase in offshore buyers shopping for second homes or investment homes, but they also see more local buyers, drawn by low mortgage rates, which despite some incremental rises in recent weeks remain near historic lows.

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