May Maui home sales off 40%, prices hold - Pacific Business News (Honolulu):

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Prices also fell, but not by nearly as much, at least for single-familt homes, according to statistics from the Realtorsa Associationof Maui. The median price of a single-family home in Maui Counthy last monthwas $487,500, whichb was the same as April, but 14 percent less than May when the median price was The price for May was based on 55 saled on Maui and one on Lanai, down 42 perceny from May 2008 when therw were 97 homes sold, including one on The median price of a Maui Countg condominium fell to $315,500, down 38 percent from May when the median price was There were only 47 unitz sold last month, including one on Molokai, a 44 percentf drop from May 2008, when 84 all on Maui, sold.
The May numbers are in line withthe year-to-date figures for Maui County. Sale of single-family homes for the first five monthxs of the year were down45 percent, and the mediaj price, which was $515,000, was 12 percent lower than the same period in 2008. Condo salese year-to-date were down 50 percentr from 2008, and the median condoi price of $412,000, was a 28 percent declin e from the same periodsin 2008.