By Harry Eagar
KAHULUI, Maui (The Maui News, Nov. 2) - Housing prices continue to skyrocket on Maui. The average price of a resale single-family house is up to $559,000, according to the Realtors Association of Maui, which has put the issue of affordability in focus.
Association President Colin Dunlop of Maui Isle Realty says past approaches have been unsatisfactory.
"They are feel-good projects," he says. "You did something for somebody, and you feel good."
But a large residue of unserved people remain - including Dunlop's children, who were born and raised on Maui but are not living here. His daughter, Dunlop says, would like to move back, but the high cost of housing is deterring her.
Average single-family prices during the first three quarters of this year are 13 percent higher than during the first three quarters of 2002, when the single-family average was $493,000.
The number of transactions is also way up, to 925 in nine months,...