MAUI STATISTICS
Reta Chin-Chiarella
Business Development VP RChinChiarella@ortc.com Cell 808-268-6554
F E B RUA RY 2 0 1 4 2014 2013
RESIDENTIAL Units Units Central
15
16
2014 Median Price
2013 Median Price
2014
2013
10
13
CONDOMINIUM Units Units
$404,195
$349,500 Central
2014 Median Price
2013 Median Price
$323,500
$217,000 Central
LAND
2014 2013 Units Units 1
2
2014 Median Price $280,000
2013 Median Price $245,000
Haiku
2
5
$790,000
$600,000 Haiku
Haiku
0
1
$0
$370,000
Hana
1
0
$750,000
$0 Hana
Hana
1
1
$360,000
$4,587,999
Kaanapali
1
2
$3,083,120
$2,500,000 Kaanapali
5
1
$610,000
$500,000
Kapalua
1
1
$1,700,000
$1,795,000 Kapalua
Kihei
17
12
$580,000
$510,000 Kihei
Kula/Ulu/Kan
5
4
$600,000
$727,500 Kula/Ulu/Kan
Kahakuloa
9
12
$770,000
2
4
$935,000 $1,155,000 Kapalua
0
0
$0
$0
29
36
$305,000
1
2
$327,000
$635,000
1
1
$82,500
$549,000
$205,750 Lahaina
1
0
$730,000
$0
$102,350 Lanai
0
0
$0
$0
1
1
$400,000
$352,500
0
0
$0
$0
Kahakuloa
Kahakuloa
4
4
$910,000
$505,000 Lahaina
2
2
$855,000
Lanai
2
2
$400,000
$670,000 Lanai
0
2
$0
3
5
$385,000
Maalaea
$338,000 Kihei Kula/Ulu/Kan
Lahaina Maalaea
$498,500 Kaanapali
$320,000 Maalaea
Makawao/Olin/Halii
4
3
$467,500
Maui Meadows
2
1
$1,007,650
Molokai
0
0
$0
Napili/Kah/Hono
0
2
$0
$827,500 Napili/Kah/Hono
Olowalu
0
0
$0
$0 Olowalu
Olowalu
Pukalani
2
10
$544,500
$454,500 Pukalani
Pukalani
Sprecks/Paia/Kuau
2
2
$4,557,500
Nahiku
$412,500 Makawao/Olin/Halii
Makawao/Olin/Halii
$695,000 Maui Meadows
Maui Meadows
$0 Molokai
3
0
$129,990
23
16
$315,000
Nahiku
Wailea/Makena
2
2
$2,197,500
MAUI SUMMARY
60
66
$560,000
Nahiku
$492,000 Sprecks/Paia/Kuau $2,975,000 Wailea/Makena $537,500 MAUI SUMMARY
$0 Molokai
0
1
$0
$227,500
0
2
$0
$681,500
0
0
$0
$0
$815,000 Wailea/Makena
0
1
$0
$1,160,000
$360,000 MAUI SUMMARY
11
13
$400,000
$370,000
$330,000 Napili/Kah/Hono
Sprecks/Paia/Kuau 6
11
87
101
$1,800,44 4 $345,000
As of March 12, 1014 • Active/Pending/Contingent Sales Inventory:
*All information taken from the Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable.
2014 SINGLE FAMILY Year to Date Area Summary Report
Comparing 01/01/2013 thru 2/28/2013 with 01/01/2014 thru 2/28/2014
SINGLE FAMILY YEAR TO DATE
AVERAGE SALES PRICE
NUMBER OF SALES Current YTD Sales
Year Ago YTD
Current YTD Average
Lahaina Wailea/Makena Kaanapali Maui Meadows Lanai Makawao/Olinda/Haliimaile Sprecklesville/Paia/Kuau Kihei Kula/Ulupalakua/Kanaio Kapalua Central Haiku Pukalani Napili/Kahana/Honokowai Hana Kahakuloa Keanae Molokai Olowalu
9 8 3 3 4 8 5 29 10 1 28 6 6 2 1 0 0 1 1
5 5 2 2 3 6 4 25 9 1 35 10 16 6 0 0 0 0 0
4 3 1 1 1 2 1 4 1 0 -7 -4 -10 -4 1 0 0 1 1
80% 60% 50% 50% 33% 33% 25% 16% 11% 0% -20% -40% -63% -67% N/A N/A N/A N/A N/A
Sprecklesville/Paia/Kuau Lanai Lahaina Pukalani Kihei Maui Meadows Haiku Kula/Ulupalakua/Kanaio Makawao/Olinda/Haliimaile Kaanapali Kapalua Wailea/Makena Central Napili/Kahana/Honokowai Hana Kahakuloa Keanae Molokai Olowalu
$4,325,600 $508,500 $1,810,000 $518,333 $1,412,333 $507,760 $929,917 $516,563 $882,857 $645,382 $1,105,100 $907,500 $689,167 $570,890 $787,250 $731,556 $493,281 $467,983 $2,416,040 $2,500,000 $1,700,000 $1,795,000 $3,382,188 $3,626,000 $400,988 $435,821 $587,450 $747,550 $750,000 $0 $0 $0 $0 $0 $250,000 $0 $1,425,000 $0
MAUI SUMMARY
125
129
-4
-3%
MAUI SUMMARY
$1,142,909
Changes Units %
Year Ago YTD Average
$714,009
MEDIAN SALES PRICE Current YTD Median
Percent Change 751% 249% 178% 80% 37% 22% 21% 8% 5% -3% -5% -7% -8% -21% N/A N/A N/A N/A N/A 60%
Sprecklesville/Paia/Kuau Lahaina Pukalani Makawao/Olinda/Haliimaile Kihei Haiku Kula/Ulupalakua/Kanaio Maui Meadows Wailea/Makena Kaanapali Central Kapalua Lanai Napili/Kahana/Honokowai Hana Kahakuloa Keanae Molokai Olowalu MAUI SUMMARY
Year Ago YTD Median
Percent Change
$4,000,000 $1,187,500 $663,500 $500,000 $585,000 $722,500 $712,500 $1,050,000 $2,197,500 $2,565,000 $404,098 $1,700,000 $495,000 $587,450 $750,000 $0 $0 $250,000 $1,425,000
$497,000 $550,000 $507,500 $389,950 $461,000 $587,450 $595,000 $907,500 $1,999,999 $2,500,000 $408,515 $1,795,000 $550,000 $790,000 $0 $0 $0 $0 $0
705% 116% 31% 28% 27% 23% 20% 16% 10% 3% -1% -5% -10% -26% N/A N/A N/A N/A N/A
$585,000
$550,000
6%
SFR February 2014 Sales Volume by Area Current Absorption Rate based on this month's Active inventory divided by OCTOBER sales is: FEBRUARY 2014 Current Absorption Rate Residential - 9.3 months of active inventory JANUARY 2014 Current Absorption Rate Residential - 8.9 months of active inventory Definition of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. (Investopedia)
TOTAL SALES FOR IMMEDIATE PAST 12 MONTHS 2014
2013 RESIDENTIAL
977 (17.3% REO or SS)
937 (31.8% REO or SS)
CONDO 1,357 (9.7% REO or SS)
1,241 (18.9% REO or SS)
LAND 224 (9.4% REO or SS)
174 (16% REO or SS)
REO - Real Estate Owned SS is Short Sale
SINGLE FAMILY
2014 CONDOMINIUM Year to Date Summary Report
Comparing 01/01/2013 thru 2/28/2013 with 01/01/2014 thru 2/28/2014
NUMBER OF SALES
CONDO YEAR TO DATE
Current YTD Sales
Year Ago YTD
AVERAGE SALES PRICE Current YTD Average
Changes Units %
MEDIAN SALES PRICE
Year Ago YTD Average
Percent Change
Current YTD Median
Molokai
4
1
3
300%
Lanai
$1,725,000
$102,350
1585%
Lanai
Napili/Kahana/Honokowai
46
26
20
77%
Lahaina
$857,714
$277,417
209%
Molokai
Kaanapali
19
16
3
19%
Molokai
$160,623
$91,000
77%
Lahaina
Lahaina
7
6
1
17%
Maalaea
$595,000
$348,756
71%
Wailea/Makena
Wailea/Makena
14
13
1
8%
Wailea/Makena
$1,551,849
$954,192
63%
Kihei
61
61
0
0%
Kaanapali
$976,437
$772,816
Lanai
2
2
0
0%
Kihei
$436,798
$370,190
Central
19
24
-5
-21%
Central
$211,237
$201,478
Maalaea Kapalua Sprecklesville/Paia/Kuau
6 3 0
8 6 1
-2 -3 -1
-25% -50% -100%
Napili/Kahana/Honokowai Kapalua Sprecklesville/Paia/Kuau
$341,944 $417,735 $1,094,167 $1,435,250 $0 $200,000
Year Ago YTD Median
Percent Change
$1,725,000
$102,350
1585%
$164,995
$91,000
81%
$490,000
$330,000
48%
$1,085,000
$775,000
40%
Maalaea
$477,500
$345,000
38%
26%
Kaanapali
$820,000
$623,750
31%
18%
Kapalua
$1,250,000
$957,500
31%
Kihei
$335,000
$325,000
3%
Napili/Kahana/Honokowai Central Sprecklesville/Paia/Kuau
$335,000 $160,000 $0
$370,000 $216,000 $200,000
-9% -26% -100%
5% -18% -24% -100%
Hana
0
0
0
N/A
Hana
$0
$0
N/A
Hana
$0
$0
N/A
Pukalani
0
0
0
N/A
Pukalani
$0
$0
N/A
Pukalani
$0
$0
N/A
181
164
17
10%
MAUI SUMMARY
$572,457
$467,131
23%
MAUI SUMMARY
$390,000
$344,000
13%
MAUI SUMMARY
Condo February 2014 Sales Volume by Area Current Absorption Rate based on this month's Active inventory divided by OCTOBER sales is: FEBRUARY 2014 Current Absorption Rate Condo - 8.6 months of active inventory JANUARY 2014 Current Absorption Rate Condo - 7.6 months of active inventory Definition of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. (Investopedia)
TOTAL SALES FOR IMMEDIATE PAST 12 MONTHS 2014
2013 RESIDENTIAL
977 (17.3% REO or SS)
937 (31.8% REO or SS)
CONDO 1,357 (9.7% REO or SS)
1,241 (18.9% REO or SS)
LAND 224 (9.4% REO or SS)
174 (16% REO or SS)
REO - Real Estate Owned SS is Short Sale
CONDOMINIUM
2014 LAND Year to Date Summary Report
Comparing 01/01/2013 thru 2/28/2013 with 01/01/2014 thru 2/28/2014 LAND YEAR TO DATE Kaanapali Kihei Makawao/Olinda/Haliimaile Kula/Ulupalakua/Kanaio Lahaina Haiku Kapalua Lanai Molokai Sprecklesville/Paia/Kuau Central Hana Kahakuloa Kaupo Maui Meadows Nahiku Napili/Kahana/Honokowai Olowalu Pukalani Wailea/Makena MAUI SUMMARY
NUMBER OF SALES Current Year Changes YTD Ago Units % Sales YTD 6 2 4 200% 3 1 2 200% 2 1 1 100% 2 4 -2 -50% 1 2 -1 -50% 1 3 -2 -67% 0 1 -1 -100% 0 1 -1 -100% 0 2 -2 -100% 0 4 -4 -100% 3 0 3 N/A 2 0 2 N/A 0 0 0 N/A 0 0 0 N/A 0 0 0 N/A 1 0 1 N/A 2 0 2 N/A 0 0 0 N/A 0 0 0 N/A 1 0 1 N/A 24 21 3 14%
Haiku Kaanapali Lahaina Makawao/Olinda/Haliimaile Kihei Kula/Ulupalakua/Kanaio Kapalua Lanai Molokai Sprecklesville/Paia/Kuau Central Hana Kahakuloa Kaupo Maui Meadows Nahiku Napili/Kahana/Honokowai Olowalu Pukalani Wailea/Makena MAUI SUMMARY
AVERAGE SALES PRICE Current Year Ago Percent YTD YTD Change Average Average $370,000 $267,000 39% $584,500 $635,000 -8% $730,000 $827,000 -12% $376,250 $450,000 -16% $532,333 $700,000 -24% $315,750 $1,324,500 -76% $0 $2,750,000 -100% $0 $750,000 -100% $0 $208,500 -100% $0 $980,000 -100% $256,667 $0 N/A $2,474,000 $0 N/A $0 $0 N/A $0 $0 N/A $0 $0 N/A $227,500 $0 N/A $681,500 $0 N/A $0 $0 N/A $0 $0 N/A $1,160,000 $0 N/A $669,021 $857,619 -22%
Haiku Lahaina Kaanapali Makawao/Olinda/Haliimaile Kula/Ulupalakua/Kanaio Kihei Kapalua Lanai Molokai Sprecklesville/Paia/Kuau Central Hana Kahakuloa Kaupo Maui Meadows Nahiku Napili/Kahana/Honokowai Olowalu Pukalani Wailea/Makena MAUI SUMMARY
MEDIAN SALES PRICE Current Year Ago Percent YTD YTD Change Median Median $370,000 $262,000 41% $730,000 $827,000 -12% $555,000 $635,000 -13% $376,250 $450,000 -16% $315,750 $537,500 -41% $327,000 $700,000 -53% $0 $2,750,000 -100% $0 $750,000 -100% $0 $208,500 -100% $0 $672,500 -100% $275,000 $0 N/A $2,474,000 $0 N/A $0 $0 N/A $0 $0 N/A $0 $0 N/A $227,500 $0 N/A $681,500 $0 N/A $0 $0 N/A $0 $0 N/A $1,160,000 $0 N/A $385,000 $555,000 -31%
Land February 2014 Sales Volume by Area Current Absorption Rate based on this month's Active inventory divided by OCTOBER sales is: FEBRUARY 2014 Current Absorption Rate Land - 33.8 months of active inventory JANUARY 2014 Current Absorption Rate Land - 28.6 months of active inventory Definition of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. (Investopedia)
TOTAL SALES FOR IMMEDIATE PAST 12 MONTHS 2014
2013 RESIDENTIAL
977 (17.3% REO or SS)
937 (31.8% REO or SS)
CONDO 1,357 (9.7% REO or SS)
1,241 (18.9% REO or SS)
LAND 224 (9.4% REO or SS)
174 (16% REO or SS)
REO - Real Estate Owned SS is Short Sale
LAND