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SEPTEMBER Home of the CLHMS

TM

MAUI HAWAI I www.LuxuryHomeMarketing.com

2021


MAUI

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | AUGUST 2021 Inventory

Sales

Luxury Benchmark Price 1: $1,500,000 $12,000,000+ $9,900,000 - $11,999,999

9

2

5

0

$7,900,000 - $9,899,999

10

1

$5,900,000 - $7,899,999

9

2

$4,900,000 - $5,899,999

6

2

$3,900,000 - $4,899,999

9

1

$3,400,000 - $3,899,999

8

4

$2,900,000 - $3,399,999

10

1

$2,400,000 - $2,899,999 $2,200,000 - $2,399,999

2

1

3

$2,000,000 - $2,199,999 $1,800,000 - $1,999,999

$1,700,000 - $1,799,999 $1,600,000 - $1,699,999

4 11

2

Total Inventory: 103

2

0

Total Sales: 30

3

1

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

1

10

6

Seller's Market

6

3

Total Sales Ratio2: 29%

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$1,962,500

3

2

6

27

22%

2,000 - 2,999

$1,915,000

3

3

4

21

19%

3,000 - 3,999

$2,862,500

3

4

10

21

48%

4,000 - 4,999

$3,550,000

4

4

7

18

39%

5,000 - 5,999

$7,665,000

5

7

2

5

40%

6,000+

$5,000,000

5

6

1

11

9%

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 $2,275,000

$2,149,000 172

161

$2,100,000

21

14

Aug-20

Sep-20

18 Oct-20

$2,412,500

$2,262,500 179

170

$2,600,000

155

129

26

26

Nov-20

Dec-20

125

24 Jan-21

116

$2,495,000

116

$2,680,000

$2,874,500

$2,575,000

$2,332,500

118

103

29

35

43

34

Feb-21

Mar-21

Apr-21

May-21

112 40

39

Jun-21

103 30

Jul-21

Aug-21

MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY Aug. 2020

Aug. 2021

161

TOTAL SOLDS Aug. 2020

Aug. 2021

103 VARIANCE: -36 %

30 VARIANCE: 43 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Aug. 2020

Aug. 2021

859 VARIANCE: -11 %

$

965

$

21

Aug. 2020

SALES PRICE Aug. 2020

$

Aug. 2021

97.49% 99.14% VARIANCE: 2 %

2.28m

Aug. 2021

2.58m VARIANCE: 13 % $

DAYS ON MARKET Aug. 2020

Aug. 2021

190

83 VARIANCE: -56 %

MAUI MARKET SUMMARY | AUGUST 2021 • The Maui single-family luxury market is a Seller's Market with a 29% Sales Ratio. • Homes sold for a median of 99.14% of list price in August 2021. • The most active price band is $2,000,000-$2,199,999, where the sales ratio is 133%. • The median luxury sales price for single-family homes is $2,575,000. • The median days on market for August 2021 was 83 days, down from 190 in August 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 | AUGUST 2021 Inventory

Sales

Luxury Benchmark Price 1: $1,200,000 $4,500,000+

4

2

4 4

$3,600,000 - $4,499,999 $3,100,000 - $3,599,999

2

$2,600,000 - $3,099,999 $2,400,000 - $2,599,999

0

Seller's Market 1 1

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

1 1

Total Sales Ratio2: 144%

0

3

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

2

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

2 2

$1,300,000 - $1,399,999

Total Sales: 36

2

0 0

6

1

$1,400,000 - $1,499,999

4

0

3

$1,200,000 - $1,299,999

1

Total Inventory: 25

1

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

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

5

1

$2,200,000 - $2,399,999 $2,000,000 - $2,199,999

3

2

3

1

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 999

$1,430,000

2

2

5

4

125%

1,000 - 1,499

$1,685,000

2

2

11

6

183%

1,500 - 1,999

$1,750,000

2

2

9

6

150%

2,000 - 2,499

$3,567,000

3

4

6

0

NA

2,500 - 2,999

$3,347,500

3

4

4

9

44%

3,000+

$2,900,000

4

4

1

0

NA

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

$2,370,000

$2,205,000

Inventory

$2,275,000 $2,025,000 $1,800,000

166

161

145

$1,700,000

$1,500,000

$1,475,000

140

$1,700,000

Aug-20

9 Sep-20

Oct-20

$1,648,000

$1,769,000

164

104 69

20

$1,746,250

$1,500,000

109 31

Solds

19 Nov-20

37

Dec-20

15 Jan-21

58

62

25 Feb-21

Mar-21

52

Apr-21

48

50

38

May-21

42

37

Jun-21

47

25

Jul-21

36

Aug-21

MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY Aug. 2020

Aug. 2021

140

TOTAL SOLDS Aug. 2020

Aug. 2021

25 VARIANCE: -82 %

36 VARIANCE: 16 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Aug. 2020

$

1,092

Aug. 2021

1,407 VARIANCE: 29 % $

31

Aug. 2020

Aug. 2021

100.00% 100.00% VARIANCE: 0 %

SALES PRICE Aug. 2020

$

2.21m

Aug. 2021

1.77m VARIANCE: -20 % $

DAYS ON MARKET Aug. 2020

Aug. 2021

408

79 VARIANCE: -81 %

MAUI MARKET SUMMARY | AUGUST 2021 • The Maui attached luxury market is a Seller's Market with a 144% Sales Ratio. • Homes sold for a median of 100.00% of list price in August 2021. • The most active price band is $1,400,000-$1,499,999, where the sales ratio is 400%. • The median luxury sales price for attached homes is $1,769,000. • The median days on market for August 2021 was 79 days, down from 408 in August 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

September 2021 Maui Luxury Market Report  

September 2021 Maui Luxury Market Report  

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