The price of condominiums on Maui rose in the first quarter of 2008. The median price of condominiums rose 6.2 percent to $587,000 in the first quarter of 2008, Most sales took place in the Wailea/Makena and Kihei areas. Prices in those communities appreciated 56.4 percent and 21.7 percent, respectively. Condo sales were down 0.7 percent, with 276 sales in the first quarter of 2008, compared with 278 in the same period a year ago. Home sales did not do as well, according to the report. Sales dropped 32.9 percent. There were 228 home sales in the first quarter of 2008, compared with 340 during the same period in 2007. Prices decreased 3.6 percent to $602,783. Almost half of the single-family home sales took place in Wailuku and Kahului, the report said.
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