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JULY

Home of the CLHMS

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.

3


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

Profile for dennisrushmaui

July 2021 Maui Hawaii Luxury Market Report  

July 2021 Maui Hawaii Luxury Market Report  

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