Maui County single-family home median sales prices have surpassed $1 million for three months in a row, capping the first half of the year, which shows record or near record-setting medians each month.

Last month’s median reached $1.05 million for single-family homes, up about 35 percent from the same time last year, and follows the historic high set in June of $1,117,500, according to Realtors Association of Maui data released last week. May hit $1,019,000 and was the first month Maui County breached $1 million since record-keeping began in 1993.

The median sales price is the point at which half of the sales sold for more and half sold for less in a given month.

Across the state, Kauai returned to the highest median sales price in Hawaii — hitting $1.3 million — while Oahu was at $992,500 and Hawaii island reached $435,000, according to market statistics from Hawaii Information Service and Honolulu Board of Realtors.

Meanwhile, a Keawakapu luxury home sold last month for $45 million — the highest on record, according to Coldwell Banker Island Properties, which cited Realtors Association of Maui records. The sale spiked the median sales price for homes in Wailea/Makena, which shot up to roughly $4.2 million.

The 3200 S. Kihei Road home sale on July 30 tops a private sale of 4446 Makena Alanui Road for $41,775,000 in April 2015 and a Kapalua Resort estate at 9 Bay Drive for $37.5 million in October of 2020.

Maui’s strong luxury market, especially in South and West Maui, continued to drive up countywide median prices, with at least 10 homes last month selling for more than $5 million.

Medians vary based on each neighborhood and people seeking to buy a home should not feel priced out of the market based on countywide median prices, according to Coldwell Banker Island Properties principal broker Tom Muldoon.

“It is important to note that the market varies greatly from neighborhood to neighborhood, so buyers should not be discouraged by a single number or metric,” he said in a news release.

Maui County single-family homes hit a record low for inventory at 215, down nearly 50 percent from the same time frame last year. New listings were 112, down about 15 percent year over year. Closed sales totaled 110 units, up about 24 percent.

About 99 percent of list price was received.

Condominiums hit a median sales price of $713,000 last month, up 41 percent from the same time frame last year.

Inventory plummeted 78 percent year over year to 151 units. New listings were 109, a 46 percent drop. However, 207 units sold, a 122 percent spike over the same time frame last year.

About 99 percent of the list price was received.

For single-family homes, eight homes with a median price over $4 million were sold in Wailea/Makena. Other high median sales prices were found in Kapalua, where two units sold with a median price of $3.7 million, along with Kaanapali, Lahaina, Maui Meadows and Spreckelsville/Paia/Kuau, where 16 sold with a median over $2 million.

The lowest prices were in Kipahulu and on Lanai, where one each sold for $425,000; Makawao/Olinda/Haliimaile, where three sold with a median price of $640,000; and Wailuku, where 17 sold with a median of $800,000.

For condos, 37 sold in Wailea/Makena with a median of $1.5 million, 15 units sold in Kapalua with a median of $1.15 million and 18 sold in Kaanapali with a median of $937,000.

The lowest median sales prices were on Molokai, where seven units sold with a median price of $125,000 and in Wailuku, where 11 sold with a median price of $435,000.

* Kehaulani Cerizo can be reached at kcerizo@mauinews.com.