Single-family home prices were lower, and the median fell 7 percent in the same year-over-year period to $727,000 last month, according to data from the Realtors Association of Maui.

Maui's median single-family home price record was $780,000 in May 2005, though the median has mostly stayed between $650,000 and $750,000 for the last 12 months.

The median condo sale price range has been more volatile, ranging from about $350,000 to $590,000, in part because the condo market often includes a higher percentage of resort property.

Because Maui has relatively few sales per month, the median tends to fluctuate more significantly as opposed to O'ahu's larger market.

There were 84 single-family home sales on Maui last month, down 24 percent from 110 a year earlier. There were 135 condo sales, down 23 percent from 175 in the same comparable period.

Coral Reef Hotel renamed Aqua Waikiki Wave

The Coral Reef Hotel, which is undergoing a $7 million facelift, will be renamed the Aqua Waikiki Wave at the Marketplace this fall.

Aqua Hotels & Resorts will manage the 247-room property, which is owned by Andre S. Tatibouet. The hotel will be included in Aqua's collection of Aqua Boutique Hotels, each of which includes a spa, fitness center and serve continental breakfasts.

Guava sales down 3.5 percent in 2005

Farm sales of guava dipped 3.5 percent to $1.13 million last year on lower prices, according to the Hawaii Agricultural Statistics Service. Guava production of 8.1 million pounds was unchanged from the prior year.

Acreage devoted to guava production rose 10 percent to 670 acres.