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]
Maui November 2013 Sales Statistics
December 9, 2013 Aloha all!
Brief Maui Statistics Overview: Page 4 - November's Sales Unit Volume – Residential sales declined to 74 homes sold while Condominium sales declined slightly to 96 units sold. Land sales came in at 22 lots sold. Page 5 - November's Median SALES prices –The Residential home median price declined slightly to $522,500 while the Condo median price was $350,000. Land median price came in at $538,686. Page 6 - Days on Market, Residential homes = 112, Condos = 128 DOM, Land = 273 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-November 2013 to JanuaryNovember 2012. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. For a more comprehensive view, compare to 2012's Year-End (Dec. 2012) figures available at: http://www.ramaui.com/UserFiles/File/Stats/All-December2012.pdf Year to Date: Residential unit sales increased (903 homes sold / +49 units / +6% change YTD), average sold price = $771,028 (+14%YTD), median price = $530,250 (+14%YTD) and total dollar volume sold = $696,238,285 (+20%YTD). Condo unit sales increased (1,218 units / +107 units / +10%YTD), average sold price = $567,827 (+22%YTD), median price = $375,000 (+6%YTD). Total Condo dollar volume sold = $691,613,102 (+34% 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 increased (196 lots / +49 units / +33% YTD), average sold price = $667,203 (+13%), median price = $400,000 (+14%), Total dollar volume = $130,771,747 (+51% YTD).
Total sales for immediate past 12 months: Residential = 987 (with 19.5% being REO or Short Sale), Condo = 1,360 (10.1% REO or SS), Land = 226 (11.5% REO or SS). As of December 9, 2013 - Active/Pending-Continue to Show/Contingent status inventory: Homes Condos Land
Dec.‘13 641 826 400
Nov. 618 773 405
Oct. 600 744 398
Sept. 582 756 399
Aug. 610 785 387
July 591 788 397
June 603 805 398
May 623 860 405
April 653 934 408
Mar. 645 964 427
Feb. 628 984 426
Jan.‘13 644 929 425
Dec.‘12 648 931 430
Current Absorption Rate base on this month’s Active/Pending-Continue to Show/Contingent status inventory divided by November Sales is: Residential = 7.6 months, Condo = 7.6 months, Land = 17.6 months of inventory. For Absorption Rate enthusiasts who calculate only pure “Active,” (not any pending/contingent) divided by November Sales: Residential 512 “Active”/ 74 Sold = 6.9 months. Condo 699 / 96 Sold = 7.3 mos. Land 373 / 22 Sold = 17 mos. ________________________________________________________________________________________ Overview Page 1 of 2
IN A NUT SHELL......
Sales Unit numbers up, Inventory growing due to rising Prices ……
Year-to-Date prices are rising. 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). Well priced properties are attracting multiple offers making for a quick sale. Inventories in Residential and Condo classes are increasing 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. 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 PreApproved 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. 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. For questions regarding today’s market condition, please call our RAM 2013-14 President, Riette Jenkins at 808-870-4073. If you have any questions regarding hard numbers, call Terry at 808-270-4646. Mahalo, Terry Tolman RAM Chief Staff Executive
Overview Page 2 of 2
Single Family Monthly Sales Volume For Month Ending 11/30/2013 Area Name Units Central
Current Month Volume Median
Previous Month Median Units Volume
Year Ago Month Units Volume Median
30 $12,763,641
$420,884
28 $13,233,085
$419,365
28 $13,765,551
$405,063
Haiku
5
$3,474,000
$800,000
8
$5,190,000
$635,000
3
$2,153,405
$690,405
Hana
1
$800,000
$800,000
1
$721,500
$721,500
1
$465,000
$465,000
Kaanapali
4
$5,513,000 $1,196,500
1
$1,300,000 $1,300,000
0
$0
$0
Kahakuloa
0
$0
0
$0
1
$373,000
$373,000
Kapalua
1
$2,600,000 $2,600,000
1
$2,761,152 $2,761,152
0
$0
$0
Kihei
6
$6,276,645
$768,323
11
$5,944,250
$455,000
17
$9,689,199
$549,000
Kipahulu
0
$0
$0
0
$0
$0
1
$1,166,000 $1,166,000
Kula/Ulupalakua/Kanaio
3
$5,650,000 $1,500,000
5
$3,924,000
$500,000
5
$2,604,000
$470,000
Lahaina
3
$3,647,500
$612,500
7
$7,404,900
$880,000
3
$1,451,000
$490,000
Lanai
2
$835,000
$417,500
1
$575,000
$575,000
4
$5,100,000
$350,000
Makawao/Olinda/Haliimaile
4
$2,180,000
$380,000
3
$1,624,000
$572,000
5
$1,838,000
$305,000
Maui Meadows
2
$2,475,000 $1,237,500
4
$7,249,000 $1,550,000
2
$1,550,000
$775,000
Molokai
0
$0
$0
1
$585,000
$585,000
0
$0
$0
Napili/Kahana/Honokowai
3
$1,669,675
$450,800
2
$1,807,000
$903,500
2
$1,467,000
$733,500
Pukalani
8
$4,528,000
$552,500
2
$1,750,000
$875,000
7
$2,946,000
$385,000
Sprecklesville/Paia/Kuau
2
$3,535,000 $1,767,500
4
$4,851,500
$795,750
4
$2,493,000
$484,000
Wailea/Makena
0
$0
$0
2
$2,600,000 $1,300,000
2
$4,450,000 $2,225,000
74 $55,947,461
$522,500
Maui Summary :
$0
$0
81 $61,520,387
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
$545,000
85 $51,511,155
Page 1
$465,000
Condominium Monthly Sales Volume For Month Ending 11/30/2013 Area Name Units Central Hana Kaanapali Kapalua Kihei
Current Month Volume Median
Units
Previous Month Median Volume
Units
Year Ago Month Volume Median
16
$4,533,900
$286,250
14
$4,145,500
$275,000
5
$1,449,470
$354,990
0
$0
$0
0
$0
$0
1
$420,000
$420,000
10 $10,414,850
$675,000
12 $10,332,800
$842,400
14
$8,884,669
$572,450
$2,240,000 $1,120,000
6
$4,227,500
$643,750
1
$1,620,000 $1,620,000
2
35 $12,658,187
$305,000
37 $14,973,052
$270,000
32 $10,698,440
$297,000 $367,000
Lahaina
4
$1,196,500
$305,750
5
$2,243,000
$360,000
5
$1,641,616
Lanai
1
$95,000
$95,000
3
$2,180,000
$85,000
3
$5,800,000 $1,900,000
Maalaea
5
$1,526,500
$335,000
7
$2,464,000
$370,000
3
$620,000
$120,000
Molokai
0
$0
$0
2
$323,900
$161,950
0
$0
$0
11
$5,251,500
$390,000
10
$3,406,500
$280,000
16
$5,648,101
$345,000
0
$0
$0
1
$450,000
$450,000
0
$0
$0
Napili/Kahana/Honokowai Pukalani Wailea/Makena
13 $44,200,250 $1,600,000
10 $14,082,000 $1,100,000
15 $21,014,000 $1,125,000
Maui Summary :
96 $81,496,687
103 $56,840,752
100 $60,403,796
$350,000
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
$360,000
Page 2
$400,000
Land Monthly Sales Volume For Month Ending 11/30/2013 Area Name Units
Current Month Volume Median
Previous Month Median Units Volume
Year Ago Month Units Volume Median
Central
8
$5,273,870
$697,455
7
$1,510,000
$200,000
6
$1,453,000
$159,250
Haiku
7
$2,585,000
$360,000
8
$3,001,000
$380,500
1
$610,000
$610,000
Kaanapali
2
$1,322,371
$661,186
3
$1,820,000
$522,500
3
$1,570,000
$535,000
Kahakuloa
1
$1,100,000 $1,100,000
0
$0
$0
0
$0
$0
Kapalua
1
$2,700,000 $2,700,000
0
$0
$0
2
$1,875,000
$937,500
Kihei
2
$635,000
$317,500
0
$0
$0
1
$1,350,000 $1,350,000
Kula/Ulupalakua/Kanaio
0
$0
$0
1
$520,000
$520,000
1
$320,000
$320,000
Lahaina
0
$0
$0
1
$500,000
$500,000
2
$1,750,000
$875,000
Makawao/Olinda/Haliimaile
0
$0
$0
0
$0
$0
1
$75,000
$75,000
Maui Meadows
1
$530,000
$530,000
0
$0
$0
0
$0
$0
Molokai
0
$0
$0
1
$100,000
$100,000
4
$807,000
$78,500
Pukalani
0
$0
$0
1
$225,000
$225,000
0
$0
$0
Sprecklesville/Paia/Kuau
0
$0
$0
1
$700,000
$700,000
1
$680,000
$680,000
22 $14,146,241
$538,686
23
$8,376,000
$370,000
22 $10,490,000
$455,000
Maui Summary :
SOURCE: REALTORS Association of Maui - www.RAMui.com MLS Sale data - Information deemed reliable, however not guaranteed
Page 3
Sales Unit Volume By Month For Month Ending 11/30/2013
180 160 140 120 100 80 60 40 20
Ja n M -08 ar M -08 ay -0 Ju 8 l- 0 Se 8 pN 08 ov Ja -0 8 n M -09 ar M -09 ay -0 Ju 9 l Se -09 pN 09 ov Ja -0 9 n M -10 ar M -10 ay -1 Ju 0 l Se -10 pN 10 ov Ja -1 0 n M -11 ar M -11 ay -1 Ju 1 l- 1 Se 1 p N -11 ov Ja -1 1 n M -12 ar M -12 ay -1 Ju 2 l- 1 Se 2 p N -12 ov Ja -1 2 nM 13 ar M -13 ay -1 Ju 3 l- 1 Se 3 p N -13 ov -1 3
0
Con
2008 Month
2009
Single Condo Land Family
Single Condo Family
Lnd
2010 Land
Single Condo Family
Res
2011 Land
Single Condo Family
2012 Land
Single Condo Family
2013 Land
Single Condo Family
Land
Jan
57
89
7
31
110
3
48
75
12
54
87
9
50
91
9
63
63
7
Feb
76
95
24
34
84
6
54
95
7
59
98
7
78
83
12
66
101
14
Mar
95
92
10
56
71
14
72
125
12
89
125
11
82
130
22
80
101
25
Apr
78
94
8
50
42
11
91
162
15
89
120
14
79
129
8
79
144
14
May
97
84
9
60
52
8
81
105
16
71
114
15
65
113
16
108
139
21
Jun
76
56
11
65
56
8
81
106
9
81
102
14
86
122
13
93
125
17
Jul
97
68
7
59
78
12
61
69
15
68
98
14
76
82
12
93
112
13
Aug
66
56
6
53
66
3
69
81
7
81
86
12
77
98
13
81
113
25
Sep
66
56
7
54
63
10
65
98
7
80
84
12
77
67
11
85
121
15
Oct
81
51
4
74
61
8
64
73
6
74
77
8
99
96
9
81
103
23
Nov
66
29
4
67
70
17
58
66
7
76
77
9
85
100
22
74
96
22
Dec
55
43
2
90
82
11
73
93
14
79
89
9
84
142
29
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sales data - Information deemed reliable, however not guaranteed
Page 4
Sales Median By Month For Month Ending 11/30/2013
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000
A
Ja n-
08 pr -0 8 Ju l-0 8 O ct -0 8 Ja n09 A pr -0 9 Ju l-0 9 O ct -0 9 Ja n10 A pr -1 0 Ju l-1 0 O ct -1 0 Ja n11 A pr -1 1 Ju l-1 1 O ct -1 1 Ja n12 A pr -1 2 Ju l-1 2 O ct -1 2 Ja n13 A pr -1 3 Ju l-1 3 O ct -1 3
$0
Con
2008 Month
Single Condo Land Family
2009 Single Condo Family
Lnd
2010 Land
Single Condo Family
Res
2011 Land
Single Condo Family
2012 Land
Single Condo Family
2013 Land
Single Condo Family
Land
Jan
563225 610000 600000 558000 820000 70000
464500 404000 516300 495415 295000 300000 399000 330000 350000 550000 297000 675000
Feb
624391 575000 1195000 545000 692500 262500 504150 424000 350000 440000 371200 282500 513750 287000 333925 537500 360000 502500
Mar
620000 538500 537500 504500 480000
1669250
460000 499000 600000 450000 289000 500000 435000 368043 467500 509500 375000 535000
Apr
577500 600000 477000 497000 411000
1100000
465000 450000 540000 500000 338603 382500 469000 399000 365000 470000 370000 479500
May
567000 512500 600000 482500 399000 665000 442000 410000 547500 418000 349500 275000 382000 336000 330000 544500 380000 275000
Jun
606000 577500 700000 495000 484500 441000 480000 435000 360000 429000 294500 302000 575500 372990 310000 599000 400000 469260
Jul
610000 615000 1025000 532000 417000 322500 500000 390000 400000 394500 320000 340000 488000 332000 422500 488000 357625 425000
Aug
645000 647500 422505 500000 371250 999990 460000 310000 387500 410000 266000 189500 509000 342450 350000 585000 420000 350000
Sep
537500 442500 290500 440000 307500 712500 440000 315635 285000 412000 334950 330000 425000 325000 238000 470000 345000 335000
Oct
510000 420000 590000 488500 400842 382450 427500 320000 207500 482500 310000 465000 485000 349995 250000 545000 360000 370000
Nov
475500 399000 507140 465000 399000 450000 445000 349990 425000 422500 265000 505000 465000 400000 455000 522500 350000 538686
Dec
570000 577680 2171300 477000 401500 420000 460000 352000 394850 411000 304000 375000 508000 376000 340000
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sales data - Information deemed reliable, however not guaranteed
Page 5
Sales Days on Market By Month For Month Ending 11/30/2013
700
600 500
400
300
200 100
Ja n-
08 A pr -0 8 Ju l- 0 8 O ct -0 8 Ja n09 A pr -0 9 Ju l- 0 9 O ct -0 9 Ja n10 A pr -1 0 Ju l- 1 0 O ct -1 0 Ja n11 A pr -1 1 Ju l- 1 1 O ct -1 1 Ja n12 A pr -1 2 Ju l- 1 2 O ct -1 2 Ja n13 A pr -1 3 Ju l- 1 3 O ct -1 3
0
Con
2008 Month
2009
Single Condo Land Family
Single Condo Family
Lnd
2010 Land
Single Condo Family
Res
2011 Land
Single Condo Family
2012 Land
Single Condo Family
2013 Land
Single Condo Family
Land
Jan
151
223
379
176 1126 496
224
247
248
112
180
240
165
144
242
125
151
151
Feb
134
141
679
199 1152 228
127
229
351
147
192
180
153
172
371
147
183
273
Mar
162
176
137
163
203
108
138
233
230
150
185
231
136
171
173
110
137
263
Apr
138
175
164
137
212
195
153
179
162
146
142
362
156
170
253
107
125
368
May
183
140
227
150
127
337
132
192
200
138
201
175
106
198
159
149
173
241
Jun
154
147
180
111
115
300
131
184
174
141
145
150
183
158
186
116
142
105
Jul
167
172
218
212
190
230
119
132
292
150
201
219
146
138
347
146
159
192
Aug
209
140
174
159
216
427
118
202
124
136
179 82.5
153
175
208
107
94
156
Sep
174
180
217
158
135
185
122
129
169
117
158
136
140
172
211
115
157
315
Oct
158
186
93
190
143
384
181
141
220
187
140
140
140
161
556
114
139
83
Nov
142
160
312
168
192
284
166
147
196
140
163
317
148
153
476
112
128
273
Dec
159
200
88
154
178
111
153
172
190
155
126
211
114
148
339
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Page 6
Single Family Median Prices by Area For Month Ending 11/30/2013 Current Month Inform ation Central Haiku Hana Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulupalakua/ Kanaio Lahaina Lanai M akawao/ Olinda/Haliimaile M aui M eadows M olokai Napili/Kahana/Honokowai Pukalani Sprecklesville/Paia/Kuau Wailea/ M akena 0
250,000
Area
500,000
750,000
Current Month
1,000,000
1,250,000
Previous Month
1,500,000
1,750,000
2,000,000
Year Ago Month
Central
$420,884
$419,365
$405,063
Haiku
$800,000
$635,000
$690,405
Hana
$800,000
$721,500
$465,000
$1,196,500
$1,300,000
$0
$0
$0
$373,000
$2,600,000
$2,761,152
$0
$768,323
$455,000
$549,000
$0
$0
$1,166,000
$1,500,000
$500,000
$470,000
Lahaina
$612,500
$880,000
$490,000
Lanai
$417,500
$575,000
$350,000
Makawao/Olinda/Haliimaile
$380,000
$572,000
$305,000
$1,237,500
$1,550,000
$775,000
$0
$585,000
$0
Napili/Kahana/Honokowai
$450,800
$903,500
$733,500
Pukalani
$552,500
$875,000
$385,000
$1,767,500
$795,750
$484,000
$0
$1,300,000
$2,225,000
Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulupalakua/Kanaio
Maui Meadows Molokai
Sprecklesville/Paia/Kuau Wailea/Makena
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Page 7
Condominium Median Prices by Area For Month Ending 11/30/2013 Current Month Inform ation $1, 8 0 0 ,0 0 0 $1, 6 0 0 ,0 0 0 $1, 4 0 0 ,0 0 0 $1, 2 0 0 ,0 0 0 $1, 0 0 0 ,0 0 0 $8 0 0 ,0 0 0 $6 0 0 ,0 0 0 $4 0 0 ,0 0 0 $2 0 0 ,0 0 0
M /K ol ah ok an ai a/ H on ok ow ai Pu ka la W ni ai le a/ M ak en a
N
ap i li
M aa la ea
La na i
La ha in a
Ki he i
Ka pa lu a
H an a
Ka an ap al i
C
en tra l
$0
Area Central
Current Month
Previous Month
Year Ago Month
$286,250
$275,000
$354,990
$0
$0
$420,000
$675,000
$842,400
$572,450
$1,620,000
$1,120,000
$643,750
Kihei
$305,000
$270,000
$297,000
Lahaina
$305,750
$360,000
$367,000
Hana Kaanapali Kapalua
Lanai
$95,000
$85,000
$1,900,000
Maalaea
$335,000
$370,000
$120,000
Molokai
$0
$161,950
$0
$390,000
$280,000
$345,000
$0
$450,000
$0
$1,600,000
$1,100,000
$1,125,000
Napili/Kahana/Honokowai Pukalani Wailea/Makena
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Page 8
Land Median Prices by Area For Month Ending 11/30/2013
Current Month Information Central Haiku Kaanapali Kahakuloa Kapalua Kihei Kula/Ulupalakua/Kanaio Lahaina Makaw ao/Olinda/Haliim aile Maui Meadow s Molokai Pukalani Sprecklesville/Paia/Kuau $0
Area Central Haiku Kaanapali Kahakuloa Kapalua Kihei Kula/Ulupalakua/Kanaio Lahaina Makawao/Olinda/Haliimaile Maui Meadows Molokai Pukalani Sprecklesville/Paia/Kuau
$200,000
$400,000
Current Month $697,455 $360,000 $661,186 $1,100,000 $2,700,000 $317,500 $0 $0 $0 $530,000 $0 $0 $0
$600,000
$800,000
Previous Month $200,000 $380,500 $522,500 $0 $0 $0 $520,000 $500,000 $0 $0 $100,000 $225,000 $700,000
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteedc
$1,000,000
Year Ago Month $159,250 $610,000 $535,000 $0 $937,500 $1,350,000 $320,000 $875,000 $75,000 $0 $78,500 $0 $680,000
Page 9
Single Family Year To Date Sales Information Comparing 1/1/2013 thru 11/30/2013 with 1/1/2012 thru 11/30/2012 Average Sales Price
Number of Sales
Median Sales Price
Percent Change
Current YTD Median
$411,298
12%
$416,000
$372,000
$680,719
$696,938
-2%
$599,000
$670,000
-20%
$815,563
$508,490
60%
$723,250
-3
-14%
$1,439,056
$1,562,173
-8% $1,172,500
5
-3
-60%
$413,150
$767,560
11
6
5
83%
$3,438,446
$3,221,105
1
0
1
N/A
$469,500
$0
N/A
134
145
-11
-8%
$629,265
$634,408
0
1
-1 -100%
$0
Kula/Ulupalakua/Kanaio
66
73
-7
-10%
Lahaina
52
47
5
Lanai
30
19
Makawao/Olinda/Haliimaile
50
Maui Meadows
Current YTD Average
Current YTD Sales
Year Ago YTD
277
240
37
15%
$459,789
Haiku
73
63
10
16%
Hana
8
10
-2
Kaanapali
18
21
Kahakuloa
2
Kapalua Keanae
Area
Changes Units %
Year Ago YTD Average
Year Ago YTD Median
Total Dollar Volume
Percent Change
Current YTD Volume
Year Ago Percent Change YTD Volume
12% $127,361,622
$98,711,544
29%
-11%
$49,692,500
$43,907,104
13%
$475,000
52%
$6,524,500
$5,084,900
28%
$1,230,000
-5%
$25,903,000
$32,805,631
-21%
$413,150
$749,900
-45%
$826,299
$3,837,800
-78%
7% $2,761,152
$2,880,000
-4%
$37,822,906
$19,326,631
96%
$469,500
$0
N/A
$469,500
$0
N/A
-1%
$547,600
$460,000
19%
$84,321,484
$91,989,192
-8%
$1,166,000
-100%
$0
$1,166,000
-100%
$0
$1,166,000
-100%
$800,044
$757,392
6%
$602,500
$565,000
7%
$52,802,913
$55,289,650
-4%
11%
$896,162
$861,672
4%
$606,250
$500,000
21%
$46,600,400
$40,498,599
15%
11
58%
$525,047
$436,000
20%
$320,000
$215,000
49%
$15,751,400
$8,284,000
90%
53
-3
-6%
$563,128
$467,705
20%
$421,000
$336,000
25%
$28,156,400
$24,788,360
14%
26
20
6
30%
$1,248,000
$1,057,300
18% $1,225,000
$810,250
51%
$32,448,000
$21,146,000
53%
Molokai
10
10
0
0%
$537,269
$392,490
37%
$380,500
$255,000
49%
$5,372,688
$3,924,900
37%
Nahiku
0
3
-3 -100%
$0
$253,066
-100%
$0
$235,199
-100%
$0
$759,199
-100%
33
41
-8
-20%
$803,339
$936,778
-14%
$799,000
$625,000
28%
$26,510,173
$38,407,900
-31%
Olowalu
1
1
0
0%
$1,175,000
$1,150,000
2% $1,175,000
$1,150,000
2%
$1,175,000
$1,150,000
2%
Pukalani
54
48
6
13%
$554,417
$496,394
12%
$527,000
$489,500
8%
$29,938,501
$23,826,900
26%
Sprecklesville/Paia/Kuau
31
25
6
24%
$1,115,274
$709,120
57%
$605,000
$408,000
48%
$34,573,500
$17,728,000
95%
Wailea/Makena
26
23
3
13%
$3,461,058
$2,058,745
68% $2,462,500
$1,253,100
97%
$89,987,499
$47,351,135
90%
Maui Summary:
903
854
49
6%
$771,028
$679,138
14% $696,238,285 $579,983,445
20%
Central
Kihei Kipahulu
Napili/Kahana/Honokowai
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
-46%
14%
$530,250
$465,000
Page 10
Condominium Year To Date Sales Information Comparing 1/1/2013 thru 11/30/2013 with 1/1/2012 thru 11/30/2012 Average Sales Price
Number of Sales
Median Sales Price
Year Ago Percent Change YTD Volume
Percent Change
Current YTD Median
$219,778
8%
$245,500
$202,250
21%
$36,039,850
$22,856,880
58%
$475,000
$456,250
4%
$475,000
$460,000
3%
$475,000
$1,825,000
-74%
7%
$984,616
$632,163
56%
$762,450
$497,400
53% $149,661,705
$89,767,184
67%
-8
-19%
$1,159,400
$836,570
39%
$950,000
$566,000
68%
$40,579,000
$35,972,500
13%
367
36
10%
$381,480
$330,672
15%
$310,000
$255,000
22% $153,736,506
$121,356,443
27%
82
75
7
9%
$381,982
$380,372
0%
$355,750
$365,000
-3%
$31,322,544
$28,527,870
10%
Lanai
21
11
10
91%
$398,248
$992,545
-60%
$95,000
$585,000
-84%
$8,363,200
$10,918,000
-23%
Maalaea
57
47
10
21%
$337,755
$293,996
15%
$325,000
$275,000
18%
$19,252,050
$13,817,806
39%
Molokai
7
5
2
40%
$121,289
$81,000
50%
$99,000
$90,000
10%
$849,025
$405,000
110%
191
209
-18
-9%
$395,958
$328,875
20%
$384,000
$300,000
28%
$75,627,974
$68,734,902
10%
Pukalani
3
4
-1
-25%
$436,000
$387,500
13%
$450,000
$390,000
15%
$1,308,000
$1,550,000
-16%
Sprecklesville/Paia/Kuau
3
1
2
200%
$263,000
$260,000
1%
$294,000
$260,000
13%
$789,000
$260,000
203%
Wailea/Makena
111
99
12
12%
$1,564,047
$1,231,960
27% $1,100,000
$765,000
44% $173,609,248
$121,964,025
42%
Maui Summary:
1218
1111
107
10%
$567,827
$466,207
22%
$354,990
6% $691,613,102 $517,955,610
34%
Current YTD Average
Current YTD Sales
Year Ago YTD
152
104
48
46%
$237,104
1
4
-3
-75%
152
142
10
35
43
403
Lahaina
Area
Central Hana Kaanapali Kapalua Kihei
Napili/Kahana/Honokowai
Changes Units %
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Year Ago YTD Average
$375,000
Year Ago YTD Median
Total Dollar Volume
Percent Change
Current YTD Volume
Page 11
Fee Simple Condominium Year To Date Sales Information Comparing 1/1/2013 thru 11/30/2013 with 1/1/2012 thru 11/30/2012 Average Sales Price
Number of Sales Current YTD Sales
Year Ago YTD
152
104
1
4
141
130
35
43
399
360
39
Lahaina
78
66
Lanai
21
Maalaea Molokai
Area
Changes Units %
Current YTD Average
Year Ago YTD Average
Median Sales Price
Percent Change
Current YTD Median
Year Ago YTD Median
Total Dollar Volume
Percent Change
Current YTD Volume
Year Ago Percent Change YTD Volume
46%
$237,104
$219,778
8%
$245,500
$202,250
21%
$36,039,850
$22,856,880
58%
-3 -75%
$475,000
$456,250
4%
$475,000
$460,000
3%
$475,000
$1,825,000
-74%
8%
$1,037,037
$661,040
57%
$820,000
$504,900
62% $146,222,205
$85,935,184
70%
-8 -19%
$1,159,400
$836,570
39%
$950,000
$566,000
68%
$40,579,000
$35,972,500
13%
11%
$381,395
$330,585
15%
$312,000
$254,750
22% $152,176,506 $119,010,443
28%
12
18%
$396,712
$424,742
-7%
$364,000
$367,000
-1%
$30,943,544
$28,032,970
10%
11
10
91%
$398,248
$992,545
-60%
$95,000
$585,000
-84%
$8,363,200
$10,918,000
-23%
45
30
15
50%
$370,267
$358,946
3%
$370,000
$337,500
10%
$16,662,000
$10,768,366
55%
7
5
2
40%
$121,289
$81,000
50%
$99,000
$90,000
10%
$849,025
$405,000
110%
166
163
3
2%
$403,572
$362,211
11%
$386,900
$336,000
15%
$66,992,974
$59,040,352
13%
Pukalani
3
4
-1 -25%
$436,000
$387,500
13%
$450,000
$390,000
15%
$1,308,000
$1,550,000
-16%
Sprecklesville/Paia/Kuau
3
1
2 200%
$263,000
$260,000
1%
$294,000
$260,000
13%
$789,000
$260,000
203%
Wailea/Makena
111
99
12
12%
$1,564,047
$1,231,960
27% $1,100,000
$765,000
44% $173,609,248 $121,964,025
42%
Maui Summary:
1162
1020
142
14%
$580,903
$488,763
19%
$368,000
3% $675,009,552 $498,538,720
35%
Central Hana Kaanapali Kapalua Kihei
Napili/Kahana/Honokowai
48
11
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
$379,000
Page 12
Leasehold Condominium Year To Date Sales Information Comparing 1/1/2013 thru 11/30/2013 with 1/1/2012 thru 11/30/2012 Average Sales Price
Number of Sales
$319,333
-2%
$250,000
$255,000
-2%
$3,439,500
$3,832,000
-10%
$390,000
$335,143
16%
$302,500
$315,000
-4%
$1,560,000
$2,346,000
-34%
-56%
$94,750
$54,989
72%
$103,500
$42,000
146%
$379,000
$494,900
-23%
-5
-29%
$215,838
$179,379
20%
$210,000
$179,000
17%
$2,590,050
$3,049,440
-15%
46
-21
-46%
$345,400
$210,751
64%
$320,000
$130,000
146%
$8,635,000
$9,694,550
-11%
91
-35
-38%
$296,492
$213,372
39%
$249,000
$185,000
35%
$16,603,550
$19,416,890
-14%
11
12
-1
-8%
$312,682
Kihei
4
7
-3
-43%
Lahaina
4
9
-5
Maalaea
12
17
Napili/Kahana/Honokowai
25
Kaanapali
Maui Summary:
56
Year Ago Percent Change YTD Volume
Current YTD Median
Year Ago YTD
Changes Units %
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Year Ago YTD Average
Year Ago YTD Median
Total Dollar Volume
Percent Change
Current YTD Average
Current YTD Sales
Area
Median Sales Price Percent Change
Current YTD Volume
Page 13
Land Year To Date Sales Information Comparing 1/1/2013 thru 11/30/2013 with 1/1/2012 thru 11/30/2012 Average Sales Price
Number of Sales
Median Sales Price
Year Ago Percent Change YTD Volume
Percent Change
Current YTD Median
$373,408
1%
$247,000
$167,500
47%
$12,773,005
$14,936,317
-14%
$484,146
$427,053
13%
$395,000
$387,500
2%
$19,850,000
$8,114,000
145%
-33%
$137,500
$335,833
-59%
$137,500
$335,000
-59%
$275,000
$1,007,500
-73%
2
17%
$630,554
$480,833
31%
$635,000
$477,500
33%
$8,827,758
$5,770,000
53%
1
4
400%
$402,000
$140,000
187%
$235,000
$140,000
68%
$2,009,999
$140,000
1336%
7
6
1
17%
$1,417,571
$982,500
44% $1,098,000
$835,000
31%
$9,923,000
$5,895,000
68%
Kaupo
1
0
1
N/A
$59,225
$0
N/A
$59,225
$0
N/A
$59,225
$0
N/A
Kihei
14
9
5
56%
$430,286
$525,889
-18%
$315,000
$340,000
-7%
$6,024,000
$4,733,000
27%
0
1
-1 -100%
$0
$250,000
-100%
$0
$250,000
-100%
$0
$250,000
-100%
Kula/Ulupalakua/Kanaio
12
12
0
0%
$1,636,000
$779,667
110%
$530,000
$554,000
-4%
$19,632,000
$9,356,000
110%
Lahaina
11
11
0
0%
$779,000
$826,364
-6%
$784,000
$850,000
-8%
$8,569,000
$9,090,000
-6%
Lanai
4
1
3
300%
$503,000
$350,000
44%
$445,000
$350,000
27%
$2,012,000
$350,000
475%
Makawao/Olinda/Haliimaile
4
8
-4
-50%
$411,625
$1,717,750
-76%
$445,000
$300,000
48%
$1,646,500
$13,742,000
-88%
Maui Meadows
3
0
3
N/A
$516,667
$0
N/A
$530,000
$0
N/A
$1,550,000
$0
N/A
Molokai
12
11
1
9%
$221,125
$163,091
36%
$131,000
$75,000
75%
$2,653,500
$1,794,000
48%
Nahiku
1
1
0
0%
$220,000
$280,000
-21%
$220,000
$280,000
-21%
$220,000
$280,000
-21%
Napili/Kahana/Honokowai
5
3
2
67%
$410,500
$270,950
52%
$282,500
$270,000
5%
$2,052,500
$812,850
153%
Olowalu
1
1
0
0%
$3,775,000
$575,000
557% $3,775,000
$575,000
557%
$3,775,000
$575,000
557%
Pukalani
6
2
4
200%
$244,167
$230,000
6%
$260,000
$230,000
13%
$1,465,000
$460,000
218%
Sprecklesville/Paia/Kuau
6
1
5
500%
$800,000
$680,000
18%
$522,500
$680,000
-23%
$4,800,000
$680,000
606%
Wailea/Makena
13
5
8
160%
$1,742,635
$1,768,980
-1% $1,225,000
$875,000
40%
$22,654,260
$8,844,900
156%
Maui Summary:
196
147
49
33%
$667,203
$590,684
$350,000
14% $130,771,747
$86,830,567
51%
Current YTD Average
Current YTD Sales
Year Ago YTD
Central
34
40
-6
-15%
$375,677
Haiku
41
19
22
116%
Hana
2
3
-1
Kaanapali
14
12
Kahakuloa
5
Kapalua
Area
Kipahulu
Changes Units %
SOURCE: REALTORS Association of Maui - www.RAMaui.com MLS Sale data - Information deemed reliable, however not guaranteed
Year Ago YTD Average
13%
$400,000
Year Ago YTD Median
Total Dollar Volume
Percent Change
Current YTD Volume
Page 14