According to figures from the Maui Realtors Association published in Pacific Business News, condo sales were up in Maui County in September compared to the same time last year And not just a little–by a full 25 percent.
But (were you sensing there was a ‘but’?), the median price of those condos fell by about 20 percent–from $388,500 last year to $306,250, meaning the average person who bought a unit in Sept. ’08 and flipped it last month lost more than $80K. Ouch.
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