Real Estate in Kihei continues to be good as both the average and median sales prices improved by double digits in January for single family homes and condominiums. The Average Sales Price for a single family home rose to $927,231 a 10.9 percent gain over last year and the Median Sales Price rose 19.8 percent to $806,425. The Average Sales Price for a condominium rose 26.7 percent to $567,882 year-over-year and the Median Sales Price rose 20.0 percent to $492,000.
The Inventory of Homes for Sale dropped -34.2 percent for single family homes with 50 active listings on the MLS at month-end and condominiums experienced a -44.0 percent dropped with 107 active listings on market. New Listings going on market rose for single family homes by 21.1 percent in January while they dropped by -7.3 percent for condominiums.