Wailuku, Maui June 2018 Real Estate Update
Single Family Homes
The sale of single family homes was up by 21.4 percent year-to-date through June with 119 closed transactions. Inventory continues to be a problem with 57 active listings at the end of June, a -26.0 percent drop versus the same time last year. The number of New Listings that have gone on the market year-to-date is down by -15.8 percent and Pending Sales are down by -9.8 percent.
Despite the shortage of inventory, the Average Sales Price is down slightly by -2.3 percent year-to-date at $624,245. The Median Sales Price is up though by 5.3 percent to $635,600.
The sale of condominiums in Wailuku continues to be strong. There were 88 closed transactions through June 30th, a 44.3 percent gain over last year through June. Pending sales have also increased by 5.6 percent year-to-date. Inventory, just like single family homes, is also an issue as the number of condominiums on the market at the end of June declined by -26.9 percent with 19 active condo listings. New Listings going on market dropped by -15.5 percent year-to-date.
The Average Sales Price remained relatively consistent since last year. It was $383,463 at the end of June, a -1.1 percent decline year-over-year. The Median Sales Price also dropped to $386,784, a -5.7 percent decline year-over-year.
Take a look at the June 2018 Sales Data for Wailuku here.