Maui REAL ESTATE stats all may 2014

Overview of 2

June 5, 2014 Maui May 2014 Statistics

Aloha all!

Brief Maui Statistics Overview: Page 4 - May's Sales Unit Volume – Residential sales remained steady at 85 homes sold while Condominium sales decreased somewhat to 116 units sold. Land sales came in at 20 lots sold.

Page 5 - May's Median SALES prices –The Residential median price decreased to $540,000 and Condo median price rose to $476,000. Land median price rose to $575,000.

Page 6 - Days on Market, Residential homes = 117, Condos = 141 DOM, Land = 247 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it will move this indicator upward, and vice versa. RAM's Days on Market are calculated from List Date to Closing Date [not contract date], including approximately 60 days of escrow time.)

Pages 10 - 14 – "Year to Date Sales" numbers compare January-May 2014 to January-May 2013. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. For a more comprehensive view, compare to 2013's Year-End (Dec. 2013) figures available at: http://www.ramaui.com/UserFiles/File/Stats/All-December2013.pdf

YTD - Residential unit sales decreased (363 homes sold / -34 units / -9% change YTD), average sold price = $993,203 (+20%YTD), median price = $577,500 (+9%YTD) and total dollar volume sold = $360,532,565 (+10%YTD).

YTD - Condo unit sales increased (561 units / +13 units / +2%YTD), average sold price = $642,866 (+21%YTD), median price = $420,000 (+13%YTD). Total Condo dollar volume sold = $360,647,587 (+23% YTD).

Land – NOTE: Land Lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. Land lot sales decreased slightly YTD (79 lots / -1 units / -1% YTD), average sold price = $669,438 (-3%), median price = $512,000 (14%), Total dollar volume = $52,885,615 (-4% YTD).

Total sales for immediate past 12 months: Residential = 948 (with 14.8% being REO or Short Sale), Condo = 1,351 (9% REO or SS), Land = 217 (7.4% REO or SS). NOTE: 45% of these Sales in the last 12 months have been CASH transactions.

As of June 5, 2014 - Active/Pending-Continue to Show/Contingent status inventory: June ‘14 May April Mar. Feb. Jan.’14 Dec.‘13 Nov. Oct. Sept. Aug. July June ‘13Homes 666 682 696 685 686 659 641 618 600 582 610 591 603 Condos 854 856 899 912 882 847 826 773 744 756 785 788 805 Land 405 399 404 413 402 396 400 405 398 399 387 397 398

Current Absorption Rate base on this month’s Active/Pending-Continue to Show/Contingent status inventory divided by May Sales: Residential = 7.8 months, Condo = 7.4 months, Land = 20.5 months of inventory.

For Absorption Rate enthusiasts who calculate only pure “Active,” (not any pending/contingent) divided by May Sales: Residential 526 “Active”/ 85 Sold = 6.2 months. Condo 730 / 116 Sold = 6.3 mos. Land 371 / 19 Sold = 18.6 months of inventory.

441 Ala Makani Place Kahului, Maui, HI 96732-3507

Phone: 808-873-8585 ~ Fax: 808-871-8911 Direct: 808-270-4646

E-mail: [email protected]

Overview of 2

_______________________________________________________________________________________ IN A NUT SHELL...... Monthly Residential Sales Unit numbers steady, Inventory declines slightly …… Year-to-Date prices are rising in Residential and Condo markets. Increased showings and sales, multiple offers on “well priced” listings, hesitant buyers become onlookers…... Window of opportunity is quickly closing for first-time homebuyers (see below). “CASH is King!” when making an offer. Well priced properties are attracting multiple offers making for a quick sale. Inventories in Residential and Condo classes decrease somewhat as Sale Prices increase. REO (Foreclosures) and Short Sales are dwindling, with any “hidden inventory” (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are inching up slightly which may help motivate would-be Buyers to go ahead and buy IF they can qualify. Savvy Investors are buying with Cash, giving them a strong negotiating position, no financing/appraisal hassles and a quick closing. While general U.S. economic news looks cautiously hopeful, current World and US events will have ripple effects on cost of living, consumer confidence, Financial and Real Estate Markets. Rising Sales prices cause some “Owners” to become “Sellers,” putting their homes on the market. FOR SELLERS: Sharpen your pencil, talk to your CPA and your Realtor® to explore the hidden benefits or consequences. Make no assumptions that will sting later. To be successful, Sellers need to beat competing properties with better property condition, REALISTIC pricing, good marketing, and flexible, creative terms (Seller Second Loan, Agreement of Sale, Lease-with-option-to-buy, and Sale-with-lease-back to seller). Days on Market figures show that properties priced right will sell in a reasonable timeframe, often with multiple offers. “Priced Right” is still the determining factor. BEST Deals are selling, while significantly over-priced listings remain un-sold. Pro-Active Sellers are getting their properties appraised, inspected and surveyed in advance to encourage realistic offers from knowledgeable Buyers. This can prevent unanticipated escrow fallout or Buyers whittling your price down during the transaction when previously unknown facts come to light. FOR BUYERS: Low interest rates prevail; however have started to nudge up. Buyers should get Pre-Approved so they can shop in confidence (fewer last minute disappointments due to non-funding loans). "Short-sales" and foreclosures are still in the marketplace, yet they can be less of a bargain than they seem, requiring more hurdles to leap and more time (often 4-6-12 months) to close, if at all. Be prepared, but BE REALISTIC. Lenders are much more stringent on requirements now for loan approval, compared to 2004-2008. First-Time Home Buyers – Many programs are available….. Attend a First-Time Home Buyers workshop, get familiar with the process, get qualified/approved, do your homework to get your own home. Many current owners never thought they would be able to own until they attended a workshop, discovered they could own a home, and are glad they did. The low point in the market has passed, so check it out carefully NOW, don’t delay. The opportunity is fading quickly. If you can’t buy now, start saving your down payment for the next market cycle. Disclaimer: Zooming in on the figures of a specific geographic area or property type may lead to different conclusions that looking at the overall view. Maui's market place is much smaller than Oahu's, and a few high or low sales have a greater effect on the statistical numbers without necessarily indicating a big market swing one way or another. If you have any questions regarding hard numbers, call Terry at 808-270-4602. Mahalo, Terry Tolman RAM Chief Staff Executive

Single Family Monthly Sales VolumeFor Month Ending 5/31/2014

Area Name Current Month

Units Volume Median

Previous Month

Units Volume MedianYear Ago Month

Units Volume Median

$12,731,161 $11,999,320Central 29 26$429,000 $429,973 $20,433,30038 $451,700

$5,753,000 $7,083,500Haiku 5 9$785,000 $800,000 $4,938,3008 $508,500

$0 $168,000Hana 0 1$0 $168,000 $1,418,0002 $709,000

$3,035,000 $8,220,000Kaanapali 1 5$3,035,000 $1,675,000 $2,630,0002 $1,315,000

$0 $10,697,000Kapalua 0 3$0 $3,250,000 $17,000,0004 $2,975,000

$10,610,979 $8,304,100Kihei 18 12$517,125 $667,825 $8,529,49912 $568,500

$9,073,785 $3,419,995Kula/Ulupalakua/Kanaio 7 3$1,175,000 $875,000 $4,190,0006 $519,500

$8,276,500 $3,850,000Lahaina 5 4$1,550,000 $905,000 $5,814,5006 $542,250

$0 $1,890,000Lanai 0 3$0 $625,000 $445,0002 $222,500

$3,995,000 $3,727,500Makawao/Olinda/Haliimaile 7 6$600,000 $693,750 $3,775,0005 $675,000

$3,000,000 $1,775,000Maui Meadows 1 2$3,000,000 $887,500 $5,075,0004 $1,400,000

$224,000 $0Molokai 1 0$224,000 $0 $1,717,8002 $858,900

$0 $233,000Nahiku 0 1$0 $233,000 $00 $0

$3,275,000 $575,000Napili/Kahana/Honokowai 5 1$600,000 $575,000 $1,686,1993 $662,000

$2,075,000 $1,166,000Pukalani 4 2$547,500 $583,000 $3,804,0007 $549,000

$0 $2,494,500Sprecklesville/Paia/Kuau 0 3$0 $644,500 $2,235,0003 $750,000

$4,935,000 $14,250,000Wailea/Makena 2 3$2,467,500 $5,900,000 $19,410,0005 $4,000,000

$66,984,425 $79,852,915Maui Summary : 85 84$540,000 $583,000 $103,101,598109 $549,000

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sale data - Information deemed reliable, however not guaranteed Page 1

Condominium Monthly Sales VolumeFor Month Ending 5/31/2014


Units Volume Median

Previous Month


Units Volume Median

$3,708,900 $5,367,800Central 11 18$330,000 $269,250 $3,366,62012 $270,000

$0 $0Hana 0 0$0 $0 $475,0001 $475,000

$33,651,850 $21,071,500Kaanapali 27 15$1,075,000 $767,500 $15,323,70019 $700,000

$7,435,000 $4,380,000Kapalua 3 4$1,725,000 $1,062,500 $1,279,0002 $639,500

$11,523,298 $21,897,700Kihei 33 56$310,000 $315,000 $17,551,90047 $364,000

$4,352,000 $4,793,000Lahaina 8 7$460,000 $685,000 $4,915,63515 $370,835

$0 $1,300,000Lanai 0 1$0 $1,300,000 $1,500,0001 $1,500,000

$0 $2,915,500Maalaea 0 6$0 $530,000 $2,704,0008 $327,500

$0 $140,000Molokai 0 1$0 $140,000 $00 $0

$12,321,304 $6,812,750Napili/Kahana/Honokowai 23 17$463,000 $365,000 $7,334,10019 $395,000

$279,000 $270,000Sprecklesville/Paia/Kuau 1 1$279,000 $270,000 $295,0001 $295,000

$15,055,987 $15,127,499Wailea/Makena 10 10$1,325,000 $1,006,250 $20,262,39914 $960,000

$88,327,339 $84,075,749Maui Summary : 116 136$476,000 $403,500 $75,007,354139 $380,000


Land Monthly Sales VolumeFor Month Ending 5/31/2014


Units Volume Median

Previous Month


Units Volume Median

$1,423,500 $193,000Central 3 1$218,000 $193,000 $447,7502 $223,875

$1,750,000 $750,000Haiku 2 1$875,000 $750,000 $2,650,0003 $400,000

$1,000,000 $510,000Hana 1 1$1,000,000 $510,000 $175,0001 $175,000

$1,982,866 $2,798,500Kaanapali 3 5$577,866 $576,000 $1,216,5252 $608,263

$1,600,000 $0Kahakuloa 1 0$1,600,000 $0 $235,0001 $235,000

$0 $0Kapalua 0 0$0 $0 $1,098,0001 $1,098,000

$1,762,000 $0Kihei 5 0$320,000 $0 $560,0002 $280,000

$1,614,000 $1,385,000Kula/Ulupalakua/Kanaio 2 3$807,000 $475,000 $1,800,0001 $1,800,000

$1,975,000 $2,219,000Lahaina 2 3$987,500 $575,000 $00 $0

$0 $0Lanai 0 0$0 $0 $140,0001 $140,000

$0 $175,000Molokai 0 2$0 $87,500 $95,0001 $95,000

$0 $0Nahiku 0 0$0 $0 $220,0001 $220,000

$0 $0Napili/Kahana/Honokowai 0 0$0 $0 $520,0002 $260,000

$0 $0Olowalu 0 0$0 $0 $3,775,0001 $3,775,000

$0 $200,000Pukalani 0 1$0 $200,000 $00 $0

$575,000 $0Sprecklesville/Paia/Kuau 1 0$575,000 $0 $00 $0

$0 $3,300,000Wailea/Makena 0 2$0 $1,650,000 $1,225,0001 $1,225,000

$13,682,366 $11,530,500Maui Summary : 20 19$575,000 $510,000 $14,157,27520 $267,500

SOURCE: REALTORS Association of Maui - www.RAMui.comMLS Sale data - Information deemed reliable, however not guaranteed Page 3

Sales Unit Volume By MonthFor Month Ending 5/31/2014

0

20

40

60

80

100

120

140

160

180

Jan-0

9M

ar-0

9M

ay-0

9Ju

l-09

Sep-0

9Nov-

09Ja

n-10

Mar

-10

May

-10

Jul-1

0Sep

-10

Nov-10

Jan-1

1M

ar-1

1M

ay-1

1Ju

l-11

Sep-1

1Nov-

11Ja

n-12

Mar

-12

May

-12

Jul-1

2Sep

-12

Nov-12

Jan-1

3M

ar-1

3M

ay-1

3Ju

l-13

Sep-1

3Nov-

13Ja

n-14

Mar

-14

May

-14

Con Lnd Res

Jul

2009Month Single

FamilyCondo Land

2010SingleFamily

Condo Land

2011SingleFamily

Condo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

Jan

Feb

Mar

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

SingleFamily

Condo Land

2014

31 110 3

34 84 6

56 1471

50 42 11

60 52 8

65 56 8

59 78 12

53 66 3

54 63 10

74 61 8

67 70 17

90 82 11

48 75 12

54 95 7

72 12125

91 162 15

81 105 16

81 106 9

61 69 15

69 81 7

65 98 7

64 73 6

58 66 7

73 93 14

54 87 9

59 98 7

89 11125

89 120 14

71 114 15

81 102 14

68 98 14

81 86 12

80 84 12

74 77 8

76 77 9

79 89 9

50 91 9

78 83 12

82 22130

79 129 8

65 113 16

86 122 13

76 82 12

77 98 13

77 67 11

99 96 9

85 100 22

84 142 29

63 63 7

66 101 14

80 25101

79 144 14

109 139 20

93 125 17

93 112 13

81 113 25

85 121 15

82 99 21

75 96 23

78 120 23

65 94 13

60 88 12

69 15127

84 136 19

85 116 20

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sales data - Information deemed reliable, however not guaranteed Page 4

Sales Median By MonthFor Month Ending 5/31/2014

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Jan-0

9

Apr-09

Jul-0

9

Oct

-09

Jan-1

0

Apr-10

Jul-1

0

Oct

-10

Jan-1

1

Apr-11

Jul-1

1

Oct

-11

Jan-1

2

Apr-12

Jul-1

2

Oct

-12

Jan-1

3

Apr-13

Jul-1

3

Oct

-13

Jan-1

4

Apr-14

Jul-1

4

Oct

-14

Con Lnd Res

Jul

MonthSingleFamily

Condo Land

2010SingleFamily

Condo Land

2011SingleFamily

Condo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

Jan

Feb

Mar

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

2014SingleFamily

Condo Land

2009

820000 70000558000

692500 262500545000

480000 1669250504500

411000 1100000497000

399000 665000482500

484500 441000495000

417000 322500532000

371250 999990500000

307500 712500440000

400842 382450488500

399000 450000465000

401500 420000477000

404000 516300464500

424000 350000504150

499000 600000460000

450000 540000465000

410000 547500442000

435000 360000480000

390000 400000500000

310000 387500460000

315635 285000440000

320000 207500427500

349990 425000445000

352000 394850460000

295000 300000495415

371200 282500440000

289000 500000450000

338603 382500500000

349500 275000418000

294500 302000429000

320000 340000394500

266000 189500410000

334950 330000412000

310000 465000482500

265000 505000422500

304000 375000411000

330000 350000399000

287000 333925513750

368043 467500435000

399000 365000469000

336000 330000382000

372990 310000575500

332000 422500488000

342450 350000509000

325000 238000425000

349995 250000485000

400000 455000465000

376000 340000508000

297000 675000550000

360000 502500537500

375000 535000509500

370000 479500470000

380000 267500549000

400000 469260599000

357625 425000488000

420000 350000585000

345000 335000470000

360000 376000540000

350000 547371515000

365000 390000512500

441000 370000695000

345000 447500560000

420000 515000596000

403500 510000583000

476000 575000540000

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sales data - Information deemed reliable, however not guaranteed Page 5

Sales Days on Market By MonthFor Month Ending 5/31/2014

0

100

200

300

400

500

600

700

Jan-0

9

Apr-09

Jul-0

9

Oct

-09

Jan-1

0

Apr-10

Jul-1

0

Oct

-10

Jan-1

1

Apr-11

Jul-1

1

Oct

-11

Jan-1

2

Apr-12

Jul-1

2

Oct

-12

Jan-1

3

Apr-13

Jul-1

3

Oct

-13

Jan-1

4

Apr-14

Jul-1

4

Oct

-14

Con Lnd Res

Jul

2009Month Single

FamilyCondo Land

2010SingleFamily

Condo Land

2011SingleFamily

Condo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

Jan

Feb

Mar

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

2014SingleFamily

Condo Land

176 1126 496

199 1152 228

163 108203

137 212 195

150 127 337

111 115 300

212 190 230

159 216 427

158 135 185

190 143 384

168 192 284

154 178 111

224 247 248

127 229 351

138 230233

153 179 162

132 192 200

131 184 174

119 132 292

118 202 124

122 129 169

181 141 220

166 147 196

153 172 190

112 180 240

147 192 180

150 231185

146 142 362

138 201 175

141 145 150

150 201 219

136 179 82.5

117 158 136

187 140 140

140 163 317

155 126 211

165 144 242

153 172 371

136 173171

156 170 253

106 198 159

183 158 186

146 138 347

153 175 208

140 172 211

140 161 556

148 153 476

114 148 339

125 151 151

147 183 273

110 263137

107 125 368

149 173 241

116 142 105

146 159 192

107 94 156

115 157 315

114 128 67

115 128 231

125 109 150

132 123 91

119 99 271

143 310124

147 127 170

117 141 247


Single Family Median Prices by AreaFor Month Ending 5/31/2014

Current Month Information

0 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 1,750,000 2,000,000

Wailea/M akena

Sprecklesville/Paia/Kuau

Pukalani

Napili/Kahana/Honokowai

Nahiku

M olokai

M aui M eadows

M akawao/Olinda/Haliimaile

Lanai

Lahaina

Kula/Ulupalakua/Kanaio

Kihei

Kapalua

Kaanapali

Hana

Haiku

Central

Area Current Month Previous Month Year Ago Month

$429,000 $429,973 $451,700Central

$785,000 $800,000 $508,500Haiku

$0 $168,000 $709,000Hana

$3,035,000 $1,675,000 $1,315,000Kaanapali

$0 $3,250,000 $2,975,000Kapalua

$517,125 $667,825 $568,500Kihei

$1,175,000 $875,000 $519,500Kula/Ulupalakua/Kanaio

$1,550,000 $905,000 $542,250Lahaina

$0 $625,000 $222,500Lanai

$600,000 $693,750 $675,000Makawao/Olinda/Haliimaile

$3,000,000 $887,500 $1,400,000Maui Meadows

$224,000 $0 $858,900Molokai

$0 $233,000 $0Nahiku

$600,000 $575,000 $662,000Napili/Kahana/Honokowai

$547,500 $583,000 $549,000Pukalani

$0 $644,500 $750,000Sprecklesville/Paia/Kuau

$2,467,500 $5,900,000 $4,000,000Wailea/Makena


Condominium Median Prices by AreaFor Month Ending 5/31/2014


$0

$2 0 0 ,0 0 0

$4 0 0 ,0 0 0

$6 0 0 ,0 0 0

$8 0 0 ,0 0 0

$1,0 0 0 ,0 0 0

$1,2 0 0 ,0 0 0

$1,4 0 0 ,0 0 0

$1,6 0 0 ,0 0 0

$1,8 0 0 ,0 0 0

$2 ,0 0 0 ,0 0 0

Centra

l

Hana

Kaana

pali

Kapalu

aKih

ei

Laha

ina

Lana

i

Maa

laea

Mol

okai

Napili/

Kahan

a/Hon

okowai

Sprec

klesv

ille/P

aia/K

uau

Waile

a/M

aken

a


$330,000 $269,250 $270,000Central

$0 $0 $475,000Hana

$1,075,000 $767,500 $700,000Kaanapali

$1,725,000 $1,062,500 $639,500Kapalua

$310,000 $315,000 $364,000Kihei

$460,000 $685,000 $370,835Lahaina

$0 $1,300,000 $1,500,000Lanai

$0 $530,000 $327,500Maalaea

$0 $140,000 $0Molokai

$463,000 $365,000 $395,000Napili/Kahana/Honokowai

$279,000 $270,000 $295,000Sprecklesville/Paia/Kuau

$1,325,000 $1,006,250 $960,000Wailea/Makena


Land Median Prices by AreaFor Month Ending 5/31/2014


$0 $200,000 $400,000 $600,000 $800,000 $1,000,000

Wailea/MakenaSprecklesville/Paia/Kuau

PukalaniOlowalu

Napili/Kahana/HonokowaiNahiku

MolokaiLanai

LahainaKula/Ulupalakua/Kanaio

KiheiKapalua

KahakuloaKaanapali

HanaHaiku

Central


$218,000 $193,000 $223,875Central

$875,000 $750,000 $400,000Haiku

$1,000,000 $510,000 $175,000Hana

$577,866 $576,000 $608,263Kaanapali

$1,600,000 $0 $235,000Kahakuloa

$0 $0 $1,098,000Kapalua

$320,000 $0 $280,000Kihei

$807,000 $475,000 $1,800,000Kula/Ulupalakua/Kanaio

$987,500 $575,000 $0Lahaina

$0 $0 $140,000Lanai

$0 $87,500 $95,000Molokai

$0 $0 $220,000Nahiku

$0 $0 $260,000Napili/Kahana/Honokowai

$0 $0 $3,775,000Olowalu

$0 $200,000 $0Pukalani

$575,000 $0 $0Sprecklesville/Paia/Kuau

$0 $1,650,000 $1,225,000Wailea/Makena

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sale data - Information deemed reliable, however not guaranteedc Page 9

Single Family Year To Date Sales InformationComparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

105 117 $451,153 $456,347 $423,286 $407,938 $47,371,041 $53,392,564Central -12 -10% -1% 4% -11%

26 33 $857,750 $679,744 $792,500 $600,000 $22,301,500 $22,431,550Haiku -7 -21% 26% 32% -1%

2 2 $459,000 $709,000 $459,000 $709,000 $918,000 $1,418,000Hana 0 0% -35% -35% -35%

9 9 $2,055,902 $1,659,444 $1,800,000 $1,500,000 $18,503,120 $14,935,000Kaanapali 0 0% 24% 20% 24%

0 0 $0 $0 $0 $0 $0 $0Kahakuloa 0 N/A N/A N/A N/A

5 6 $3,419,400 $3,882,500 $3,250,000 $2,975,000 $17,097,000 $23,295,000Kapalua -1 -17% -12% 9% -27%

0 0 $0 $0 $0 $0 $0 $0Keanae 0 N/A N/A N/A N/A

73 66 $807,352 $627,889 $596,000 $512,050 $58,936,674 $41,440,649Kihei 7 11% 29% 16% 42%

25 24 $965,851 $713,646 $865,000 $565,000 $24,146,280 $17,127,500Kula/Ulupalakua/Kanaio 1 4% 35% 53% 41%

20 19 $1,295,625 $730,937 $1,223,750 $550,000 $25,912,500 $13,887,800Lahaina 1 5% 77% 123% 87%

9 12 $1,105,000 $597,292 $440,000 $305,000 $9,945,000 $7,167,500Lanai -3 -25% 85% 44% 39%

23 16 $553,424 $564,494 $561,250 $430,750 $12,728,750 $9,031,900Makawao/Olinda/Haliimaile 7 44% -2% 30% 41%

7 12 $2,227,186 $1,161,917 $1,175,000 $1,325,000 $15,590,300 $13,943,000Maui Meadows -5 -42% 92% -11% 12%

4 7 $277,250 $493,813 $237,000 $358,000 $1,109,000 $3,456,688Molokai -3 -43% -44% -34% -68%

1 0 $233,000 $0 $233,000 $0 $233,000 $0Nahiku 1 N/A N/A N/A N/A

11 15 $1,213,627 $745,300 $690,000 $730,000 $13,349,900 $11,179,498Napili/Kahana/Honokowai -4 -27% 63% -5% 19%

1 0 $1,425,000 $0 $1,425,000 $0 $1,425,000 $0Olowalu 1 N/A N/A N/A N/A

16 29 $667,344 $509,931 $578,250 $508,000 $10,677,500 $14,788,000Pukalani -13 -45% 31% 14% -28%

11 14 $2,774,318 $1,219,750 $1,375,000 $617,000 $30,517,500 $17,076,500Sprecklesville/Paia/Kuau -3 -21% 127% 123% 79%

15 16 $3,318,033 $3,959,219 $2,108,000 $3,375,000 $49,770,500 $63,347,499Wailea/Makena -1 -6% -16% -38% -21%

363 397 $993,203 $825,992 $577,500 $530,000 $360,532,565 $327,918,648-34 -9% 20% 9% 10%Maui Summary:


Condominium Year To Date Sales InformationComparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

67 58 $271,657 $232,682 $265,000 $244,250 $18,201,000 $13,495,540Central 9 16% 17% 8% 35%

0 1 $0 $475,000 $0 $475,000 $0 $475,000Hana -1 -100% -100% -100% -100%

85 74 $1,190,408 $924,542 $824,900 $687,450 $101,184,700 $68,416,105Kaanapali 11 15% 29% 20% 48%

16 15 $1,453,156 $1,124,767 $1,087,000 $795,000 $23,250,499 $16,871,500Kapalua 1 7% 29% 37% 38%

196 179 $387,523 $367,995 $313,500 $320,000 $75,954,415 $65,871,134Kihei 17 9% 5% -2% 15%

31 43 $582,452 $342,294 $450,000 $350,300 $18,056,000 $14,718,644Lahaina -12 -28% 70% 28% 23%

3 8 $1,583,333 $494,588 $1,700,000 $97,375 $4,750,000 $3,956,700Lanai -5 -63% 220% 1646% 20%

12 22 $540,458 $327,002 $530,000 $322,500 $6,485,500 $7,194,050Maalaea -10 -45% 65% 64% -10%

5 3 $156,498 $115,375 $140,000 $91,000 $782,490 $346,125Molokai 2 67% 36% 54% 126%

101 86 $437,235 $386,837 $375,000 $347,500 $44,160,709 $33,267,950Napili/Kahana/Honokowai 15 17% 13% 8% 33%

0 0 $0 $0 $0 $0 $0 $0Pukalani 0 N/A N/A N/A N/A

2 3 $274,500 $263,000 $274,500 $294,000 $549,000 $789,000Sprecklesville/Paia/Kuau -1 -33% 4% -7% -30%

43 56 $1,564,495 $1,190,754 $1,012,500 $877,000 $67,273,274 $66,682,248Wailea/Makena -13 -23% 31% 15% 1%

561 548 $642,866 $533,000 $420,000 $371,750 $360,647,587 $292,083,99613 2% 21% 13% 23%Maui Summary:


Fee Simple Condominium Year To Date Sales InformationComparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

67 58 $271,657 $232,682 $265,000 $244,250 $18,201,000 $13,495,540Central 9 16% 17% 8% 35%

0 1 $0 $475,000 $0 $475,000 $0 $475,000Hana -1 -100% -100% -100% -100%

78 69 $1,268,394 $973,545 $964,950 $700,000 $98,934,700 $67,174,605Kaanapali 9 13% 30% 38% 47%

16 15 $1,453,156 $1,124,767 $1,087,000 $795,000 $23,250,499 $16,871,500Kapalua 1 7% 29% 37% 38%

195 178 $387,705 $368,377 $312,000 $322,500 $75,602,415 $65,571,134Kihei 17 10% 5% -3% 15%

29 40 $614,069 $361,116 $450,000 $369,000 $17,808,000 $14,444,644Lahaina -11 -28% 70% 22% 23%

3 8 $1,583,333 $494,588 $1,700,000 $97,375 $4,750,000 $3,956,700Lanai -5 -63% 220% 1646% 20%

12 18 $540,458 $344,806 $530,000 $343,750 $6,485,500 $6,206,500Maalaea -6 -33% 57% 54% 4%

5 3 $156,498 $115,375 $140,000 $91,000 $782,490 $346,125Molokai 2 67% 36% 54% 126%

90 72 $430,010 $410,923 $375,000 $352,500 $38,700,909 $29,586,450Napili/Kahana/Honokowai 18 25% 5% 6% 31%

0 0 $0 $0 $0 $0 $0 $0Pukalani 0 N/A N/A N/A N/A

2 3 $274,500 $263,000 $274,500 $294,000 $549,000 $789,000Sprecklesville/Paia/Kuau -1 -33% 4% -7% -30%

43 56 $1,564,495 $1,190,754 $1,012,500 $877,000 $67,273,274 $66,682,248Wailea/Makena -13 -23% 31% 15% 1%

540 521 $652,477 $548,176 $425,000 $375,000 $352,337,787 $285,599,44619 4% 19% 13% 23%Maui Summary:


Leasehold Condominium Year To Date Sales InformationComparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

7 5 $321,429 $248,300 $248,500 $248,000 $2,250,000 $1,241,500Kaanapali 2 40% 29% 0% 81%

1 1 $352,000 $300,000 $352,000 $300,000 $352,000 $300,000Kihei 0 0% 17% 17% 17%

2 3 $124,000 $91,333 $124,000 $102,000 $248,000 $274,000Lahaina -1 -33% 36% 22% -9%

0 4 $0 $246,888 $0 $255,000 $0 $987,550Maalaea -4 -100% -100% -100% -100%

11 14 $496,345 $262,964 $300,000 $248,750 $5,459,800 $3,681,500Napili/Kahana/Honokowai -3 -21% 89% 21% 48%

21 27 $395,705 $240,169 $248,500 $235,000 $8,309,800 $6,484,550-6 -22% 65% 6% 28%Maui Summary:


Land Year To Date Sales InformationComparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

8 7 $360,813 $399,162 $246,500 $249,000 $2,886,500 $2,794,135Central 1 14% -10% -1% 3%

6 12 $783,333 $529,083 $560,000 $399,500 $4,700,000 $6,349,000Haiku -6 -50% 48% 40% -26%

6 1 $1,206,167 $175,000 $480,000 $175,000 $7,236,999 $175,000Hana 5 500% 589% 174% 4035%

16 5 $610,476 $641,077 $576,933 $715,000 $9,767,616 $3,205,387Kaanapali 11 220% -5% -19% 205%

1 3 $1,600,000 $233,333 $1,600,000 $235,000 $1,600,000 $699,999Kahakuloa -2 -67% 586% 581% 129%

1 5 $1,075,000 $1,274,600 $1,075,000 $1,098,000 $1,075,000 $6,373,000Kapalua -4 -80% -16% -2% -83%

0 0 $0 $0 $0 $0 $0 $0Kaupo 0 N/A N/A N/A N/A

9 8 $403,222 $397,500 $320,000 $310,000 $3,629,000 $3,180,000Kihei 1 13% 1% 3% 14%

11 7 $558,955 $1,144,571 $675,000 $615,000 $6,148,500 $8,012,000Kula/Ulupalakua/Kanaio 4 57% -51% 10% -23%

7 5 $1,053,429 $767,800 $730,000 $784,000 $7,374,000 $3,839,000Lahaina 2 40% 37% -7% 92%

0 3 $0 $630,000 $0 $750,000 $0 $1,890,000Lanai -3 -100% -100% -100% -100%

3 1 $317,500 $450,000 $352,500 $450,000 $952,500 $450,000Makawao/Olinda/Haliimaile 2 200% -29% -22% 112%

0 2 $0 $510,000 $0 $510,000 $0 $1,020,000Maui Meadows -2 -100% -100% -100% -100%

2 6 $87,500 $192,750 $87,500 $140,000 $175,000 $1,156,500Molokai -4 -67% -55% -38% -85%

1 1 $227,500 $220,000 $227,500 $220,000 $227,500 $220,000Nahiku 0 0% 3% 3% 3%

2 3 $681,500 $323,333 $681,500 $275,000 $1,363,000 $970,000Napili/Kahana/Honokowai -1 -33% 111% 148% 41%

0 1 $0 $3,775,000 $0 $3,775,000 $0 $3,775,000Olowalu -1 -100% -100% -100% -100%

1 0 $200,000 $0 $200,000 $0 $200,000 $0Pukalani 1 N/A N/A N/A N/A

1 4 $575,000 $980,000 $575,000 $672,500 $575,000 $3,920,000Sprecklesville/Paia/Kuau -3 -75% -41% -14% -85%

4 6 $1,243,750 $1,160,000 $1,355,000 $1,150,000 $4,975,000 $6,960,000Wailea/Makena -2 -33% 7% 18% -29%

79 80 $669,438 $687,363 $512,000 $450,000 $52,885,615 $54,989,021-1 -1% -3% 14% -4%Maui Summary:


Maui REAL ESTATE stats all may 2014

Real Estate

Transcript of Maui REAL ESTATE stats all may 2014