Maui December 2020 Market Report

M AU I H AWA I I –December 2020–

www.LuxuryHomeMarketing.com

MAUI

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | NOVEMBER 2020 Inventory

Sales

Luxury Benchmark Price 1: $1,422,000 $7,000,000+ $6,000,000 - $6,999,999

34

0 9

0

$5,000,000 - $5,999,999 $4,500,000 - $4,999,999

$4,000,000 - $4,499,999

16

2

Buyer's Market Total Sales Ratio2: 14%

10

0

17

3

$3,000,000 - $3,499,999

8

3

$2,500,000 - $2,999,999

21

3

$2,000,000 - $2,499,999

26

5

$1,900,000 - $1,999,999

9

2

$1,800,000 - $1,899,999

7

2 3 3

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

5

2

$1,500,000 - $1,599,999

1

Total Sales: 26

9

0

$3,500,000 - $3,999,999

$1,422,000 - $1,499,999

Total Inventory: 182

5

1 0

3

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$1,765,000

3

2

3

33

9%

2,000 - 2,999

$1,801,000

4

4

5

47

11%

3,000 - 3,999

$3,000,000

4

4

12

47

26%

4,000 - 4,999

$2,446,000

4

4

5

22

23%

5,000 - 5,999

$1,600,000

5

4

1

15

7%

6,000+

NA

NA

NA

0

18

0%

The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

MAUI

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

$2,337,500

$2,257,500

$2,450,000

$2,100,000

220

219

12

18

Nov-19

Dec-19

213

11 Jan-20

Solds

$2,311,200

$2,275,000 $1,990,000

$1,820,000

198

Inventory

181

9

15

Feb-20

Mar-20

180

172

168

13 Apr-20

$1,995,000

$1,999,999

$1,825,000

173

173

164

$2,025,000

182

173

11

9

9

21

15

May-20

Jun-20

Jul-20

Aug-20

Sep-20

$2,262,500

26

20 Oct-20

Nov-20

MEDIAN DATA INVENTORY October

November

173

182 VARIANCE: 5 %

SALE PRICE PER SQFT. October

November

674

$

829 VARIANCE: 23 % $

SOLDS October

November

20

26 VARIANCE: 30 % SALE TO LIST PRICE RATIO October

SALES PRICE

November

97.31%

96.51% VARIANCE: -1 %

October

2.03m

$

November

2.26m VARIANCE: 12 % $

DAYS ON MARKET October

November

107

69 VARIANCE: -36 %

MAUI MARKET SUMMARY | NOVEMBER 2020 • The Maui single-family luxury market is a Buyer's Market with a 14% Sales Ratio.

• Homes sold for a median of 96.51% of list price in November 2020.

• The most active price band is $1,700,000-$1,799,999, where the sales ratio is 100%.

• The median luxury sales price for single-family homes has increased to $2,262,500.

• The median days on market for November 2020 was 69 days, down from 107 in October 2020.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3

MAUI

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | NOVEMBER 2020 Inventory

Sales

Luxury Benchmark Price 1: $1,183,200 $4,000,000+ $3,000,000 - $3,999,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999 $1,450,000 - $1,499,999 $1,400,000 - $1,449,999 $1,350,000 - $1,399,999

$1,183,200 - $1,249,999

1

Buyer's Market Total Sales Ratio2: 12%

3

1

12

0

5

0

9

0

14

0 13

1

1 1 13

1

$1,300,000 - $1,349,999 $1,250,000 - $1,299,999

Total Sales: 21 15

1

$1,900,000 - $1,999,999

Total Inventory: 176

14

1

$2,000,000 - $2,499,999

$1,700,000 - $1,799,999

16

4

$2,500,000 - $2,999,999

$1,800,000 - $1,899,999

22

4

10

3

12

2

17

2

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 999

NA

NA

NA

0

19

0%

1,000 - 1,499

$1,424,500

3

2

4

64

6%

1,500 - 1,999

$1,425,000

2

2

5

44

11%

2,000 - 2,499

$1,808,815

3

3

6

22

27%

2,500 - 2,999

$3,169,000

4

4

2

24

8%

3,000+

$5,088,854

3

4

4

3

133%

The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

MAUI

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

Inventory

$2,275,000 $2,065,500

Solds

$2,207,250

$1,980,000

$2,120,000

$2,370,000

$2,205,000

$1,900,000

$1,725,000

$1,425,000

149

143

146

17

12

Nov-19

Dec-19

141

140

17

Jan-20

$1,495,000

$1,445,000

127

13

24

Feb-20

Mar-20

Apr-20

9

8

May-20

Jun-20

15

Jul-20

31

Sep-20

21

20

9

Aug-20

176

172

151

147

136

117

116

21

$1,475,000

Oct-20

Nov-20

MEDIAN DATA INVENTORY October

November

172

176 VARIANCE: 2 %

SALE PRICE PER SQFT. October

November

1,367

$

$

1,216 VARIANCE: -11 %

SOLDS October

November

20

21 VARIANCE: 5 %

SALE TO LIST PRICE RATIO October

SALES PRICE

November

95.37% 100.00% VARIANCE: 5 %

October

2.37m

$

November

1.90m VARIANCE: -20 % $

DAYS ON MARKET October

November

175

104 VARIANCE: -41 %

MAUI MARKET SUMMARY | NOVEMBER 2020 • The Maui attached luxury market is a Buyer's Market with a 12% Sales Ratio.

• Homes sold for a median of 100.00% of list price in November 2020.

• The most active price band is $1,400,000-$1,449,999, where the sales ratio is 100%.

• The median luxury sales price for attached homes has decreased to $1,900,000.

• The median days on market for November 2020 was 104 days, down from 175 in October 2020.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3