A seaside community on Maui island in the tropical South Pacific state, Lahaina, Hawaii, is a highly coveted community in which to live and its real estate prices generally reflect that, with its many oceanfront properties commanding high premiums. Like many Hawaiian communities, the market here has suffered in recent years due to the financial crisis that has plagued the U.S. and the globe, plunging real estate markets across the country. Even here the market saw trouble, with home values plunging and the number of foreclosures in Lahaina Maui are on the rise. Today the market shows mostly signs of improving but still lies on the crossroads to a new financial order.

In August, according to the Realtors Association of Maui, there were four Lahaina homes for sale closed upon. The homes had a median sale price of $449,500, a marked improvement from the prior month's median of $310,500, but not quite enough to eclipse the median from a year ago, which was $451,500. The volume of four homes sold is encouraging ,though, as there was just one sale in July and only two sales in August of 2009. Lahaina real estate's condo market is quite difficult to get a read on in August, as there was only one condo sold, and at an unusually low price of $100,000. In July, there were three condos sold, bringing in a median price of $415,000 each, which was only off slightly from August a year ago, when eight condo sales fetched a median price of almost $429,000.

Year to date, there have been 29 single-family homes sold in Lahaina, an improvement from 2009 year-to-date figures in August by 53%, encouraging signs that more people are willing to get back into the market. The median sales price for a single-familiy home year to date in August was $475,000, though, still off 27% from August 2009, when that figure was $650,000. The condo market current year-to-date sales remain unchanged from the same time as in 2009, with 38 condos sold so far this year. The median sales price of all those 38 condos sold this year is only off from last year's median by a mere 3%, at $398,000 versus $410,000, showing the condo market is outperforming the home market in Lahaina.