JULY
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TM
MAUI HAWAI I www.LuxuryHomeMarketing.com
2021
MAUI
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JUNE 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,500,000 $12,000,000+ $9,900,000 - $11,999,999
9
0
7
0
$7,900,000 - $9,899,999
$5,900,000 - $7,899,999
12
2
12
1
$4,900,000 - $5,899,999 $3,900,000 - $4,899,999 $3,400,000 - $3,899,999
7
4
14
4
8
1
$2,900,000 - $3,399,999
10
2
$2,400,000 - $2,899,999
9
$2,200,000 - $2,399,999 $2,000,000 - $2,199,999
Total Inventory: 118
8
3
Total Sales: 39
4
1
$1,800,000 - $1,999,999
Seller's Market
7
2
$1,700,000 - $1,799,999
1
10
Total Sales Ratio2: 33%
4
2
$1,600,000 - $1,699,999
3
$1,500,000 - $1,599,999
3
4 4
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$2,250,000
3
2
8
25
32%
2,000 - 2,999
$1,800,000
4
3
14
26
54%
3,000 - 3,999
$2,750,000
3
4
11
21
52%
4,000 - 4,999
$4,050,000
4
5
3
24
13%
5,000 - 5,999
NA
NA
NA
0
8
0%
6,000+
$4,150,000
4
5
3
14
21%
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 $2,775,000 $1,995,000 171
$2,275,000
$2,149,000
$1,900,000
166
172
161
9
8
Jun-20
Jul-20
$2,100,000
179
170
21
14
Aug-20
Sep-20
18 Oct-20
$2,600,000
$2,412,500
$2,262,500
155
129
26
26
Nov-20
Dec-20
125
Jan-21
116
$2,680,000
$2,332,500
116
29
35
Feb-21
Mar-21
24
$2,495,000
118
103 43
Apr-21
39
34 May-21
Jun-21
MEDIAN DATA REVIEW | JUNE TOTAL INVENTORY Jun. 2020
Jun. 2021
171
TOTAL SOLDS Jun. 2020
Jun. 2021
118 VARIANCE: -31 %
39 VARIANCE: 333 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jun. 2020
Jun. 2021
880 VARIANCE: 24 %
$
707
$
9
Jun. 2020
SALES PRICE Jun. 2020
2.00m
$
Jun. 2021
91.39% 98.45% VARIANCE: 8 %
Jun. 2021
2.68m VARIANCE: 34 % $
DAYS ON MARKET Jun. 2020
Jun. 2021
233
115 VARIANCE: -51 %
MAUI MARKET SUMMARY | JUNE 2021 • The Maui single-family luxury market is a Seller's Market with a 33% Sales Ratio. • Homes sold for a median of 98.45% of list price in June 2021. • The most active price bands are $1,500,000-$1,599,999 and $1,600,000-$1,699,999, where the sales ratio is 133%. • The median luxury sales price for single-family homes is $2,680,000. • The median days on market for June 2021 was 115 days, down from 233 in June 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.
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MAUI
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | JUNE 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,200,000 8 8
$4,500,000+ 3 3
$3,600,000 - $4,499,999 $3,100,000 - $3,599,999 1
$2,600,000 - $3,099,999 $2,400,000 - $2,599,999 $2,200,000 - $2,399,999
0
6
1
1
$1,900,000 - $1,999,999
$1,700,000 - $1,799,999
5 2
$2,000,000 - $2,199,999
$1,800,000 - $1,899,999
3
2
Total Inventory: 38
2
Seller's Market
2
0 0
Total Sales Ratio2: 111%
2
1 1
$1,600,000 - $1,699,999 $1,500,000 - $1,599,999
0
$1,400,000 - $1,499,999
0
1 4 3 3
$1,300,000 - $1,399,999
5
$1,200,000 - $1,299,999
1
Total Sales: 42
4
1
8
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,249,000
1
2
1
4
25%
1,000 - 1,499
$1,449,000
2
2
12
13
92%
1,500 - 1,999
$2,050,000
3
3
17
5
340%
2,000 - 2,499
$2,624,750
3
3
8
3
267%
2,500 - 2,999
$4,850,000
3
4
2
11
18%
3,000+
$7,612,500
4
6
2
2
100%
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
$2,207,250
$2,120,000
$2,370,000
$2,205,000
Inventory
$2,275,000 $2,025,000 $1,800,000
166
161
145
140
129
$1,700,000
$1,500,000
$1,475,000
112
Solds
$1,700,000 $1,500,000
164 109
104 69
8 Jun-20
15 Jul-20
31
9
Aug-20
Sep-20
20 Oct-20
$1,746,250
19 Nov-20
37
Dec-20
Jan-21
62
58
25
15
Feb-21
Mar-21
52
Apr-21
48
50
38
May-21
42
Jun-21
MEDIAN DATA REVIEW | JUNE TOTAL INVENTORY Jun. 2020
Jun. 2021
112
TOTAL SOLDS Jun. 2020
Jun. 2021
38 VARIANCE: -66 %
42 VARIANCE: 425 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jun. 2020
Jun. 2021
1,274
$
1,321 VARIANCE: 4 % $
8
Jun. 2020
Jun. 2021
100.00% 100.00% VARIANCE: 0 %
SALES PRICE Jun. 2020
$
2.21m
Jun. 2021
2.03m VARIANCE: -8 % $
DAYS ON MARKET Jun. 2020
Jun. 2021
179
89 VARIANCE: -50 %
MAUI MARKET SUMMARY | JUNE 2021 • The Maui attached luxury market is a Seller's Market with a 111% Sales Ratio. • Homes sold for a median of 100.00% of list price in June 2021. • The most active price band is $2,600,000-$3,099,999, where the sales ratio is 500%. • The median luxury sales price for attached homes is $2,025,000. • The median days on market for June 2021 was 89 days, down from 179 in June 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