Sales of single-family homes and condominiums in Maui County soared in February, though prices were significantly lower than a year ago, according to the Realtors Association of Maui Inc.

There were a total of 53 single-family homes sold last month — 56 percent more than a year ago — though the median home price fell 7 percent, or $37,800, to $507,200.

Condo sales rose by 12 percent year over year to 94 — a 12-month high. However, the median unit price dropped by 38 percent, or $263,500, to $429,000, due mostly to high-end condo sales at the luxury Honua Kai complex in February 2009.

Full story is available on Pacific Business News