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MARCH Home of the CLHMS

TM

MAUI H AWAI I www.LuxuryHomeMarketing.com

2021


MAUI

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | FEBRUARY 2021 Inventory

Sales

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

8

0

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

35

4

11

2

3

Total Sales Ratio2: 23% 10

6

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

7

2

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

14

2

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

12

4

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

3

1

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

4

2

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

1

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

1

Seller's Market

5

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

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

Total Sales: 29

9

0

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

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

Total Inventory: 125

2

2 0

3

2

0 0

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$3,325,000

2

2

6

20

30%

2,000 - 2,999

$3,599,000

3

3

7

26

27%

3,000 - 3,999

$3,150,500

4

4

12

28

43%

4,000 - 4,999

$2,350,000

5

5

2

17

12%

5,000 - 5,999

$15,750,000

4

6

1

15

7%

6,000+

$10,900,000

4

5

1

19

5%

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

Inventory

Solds $3,550,000

$2,450,000

$2,750,000 $2,311,200 $1,820,000

213

181

$1,990,000

180

172

168

$1,995,000

$2,275,000 $1,825,000

173

$1,999,999

173

164

$2,025,000

15

13

11

9

9

21

15

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

$2,112,000

182

173

9

$2,262,500

20 Oct-20

157

129

26

27

Nov-20

Dec-20

125 29

28 Jan-21

Feb-21

MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2020

Feb. 2021

213

TOTAL SOLDS Feb. 2020

Feb. 2021

125 VARIANCE: -41 %

29 VARIANCE: 222 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Feb. 2020

862

$

Feb. 2021

1,060 VARIANCE: 23 % $

9

Feb. 2020

SALES PRICE Feb. 2020

$

Feb. 2021

98.25%

95.71% VARIANCE: -3 %

2.45m

Feb. 2021

3.55m VARIANCE: 45 % $

DAYS ON MARKET Feb. 2020

Feb. 2021

143

130 VARIANCE: -9 %

MAUI MARKET SUMMARY | FEBRUARY 2021 • The Maui single-family luxury market is a Seller's Market with a 23% Sales Ratio. • Homes sold for a median of 95.71% of list price in February 2021. • The most active price band is $1,600,000-$1,699,999, where the sales ratio is 67%. • The median luxury sales price for single-family homes is $3,550,000. • The median days on market for February 2021 was 130 days, down from 143 in February 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 | FEBRUARY 2021 Inventory

Sales

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

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

3

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

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

1 7

1

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

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

1

6 4

1

5

3

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

Seller's Market

5

3

$1,350,000 - $1,399,999

9

6

2

0

Total Sales: 25

7

1

$1,450,000 - $1,499,999

9

Total Sales Ratio2: 23%

1

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

Total Inventory: 111

2

0

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

$1,400,000 - $1,449,999

9

4

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

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

23

3

4

2

14

0

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 999

$1,375,000

2

2

3

17

18%

1,000 - 1,499

$1,575,000

2

2

7

42

17%

1,500 - 1,999

$1,650,000

2

3

9

17

53%

2,000 - 2,499

$3,600,000

3

4

3

12

25%

2,500 - 2,999

$3,575,000

3

4

3

20

15%

3,000+

NA

NA

NA

0

3

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

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

$2,275,000

$2,207,250

$1,980,000

$2,120,000

$2,370,000

$2,205,000

$1,495,000

141

Solds

$1,900,000

$1,445,000

140

Inventory

127

$1,475,000

13

24

21

9

8

Feb-20

Mar-20

Apr-20

May-20

Jun-20

15

Jul-20

176

172

151

147

136

117

116

$1,800,000

174 115

31 Aug-20

Oct-20

37

21

20

9 Sep-20

$1,700,000

$1,500,000

Nov-20

Dec-20

111 25

15

Jan-21

Feb-21

MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2020

Feb. 2021

140

TOTAL SOLDS Feb. 2020

Feb. 2021

111 VARIANCE: -21 %

25 VARIANCE: 92 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Feb. 2020

1,264

$

Feb. 2021

1,257 VARIANCE: -1 % $

13

Feb. 2020

Feb. 2021

95.85% 98.50% VARIANCE: 3 %

SALES PRICE Feb. 2020

1.45m

$

Feb. 2021

1.70m VARIANCE: 18 % $

DAYS ON MARKET Feb. 2020

Feb. 2021

110

77 VARIANCE: -30 %

MAUI MARKET SUMMARY | FEBRUARY 2021 • The Maui attached luxury market is a Seller's Market with a 23% Sales Ratio. • Homes sold for a median of 98.50% of list price in February 2021. • The most active price band is $1,300,000-$1,349,999, where the sales ratio is 60%. • The median luxury sales price for attached homes is $1,700,000. • The median days on market for February 2021 was 77 days, down from 110 in February 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

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Maui Hawaii Luxury Market Report Mar 2021  

Maui Hawaii Luxury Market Report Mar 2021