Maui Real Estate First Quarter and March 2015 Report

Page 1

MAUI STATISTICS MARCH 2015

SINGLE FAMILY RESIDENCE

2015 Units

2014 Units

2015

Central

19

23

$465,918

$420,715

Haiku

7

6

$669,000

Hana

1

0

Kaanapali

1

0

PKilbride@ortc.com Cell 808-264-4289

MSalvador@ortc.com Cell 808-205-1273

2014 Units

Central

8

19

$336,250

$244,000

$780,000

Haiku

-

-

-

$895,000

$0

Hana

-

-

$1,875,000

$0

Kaanapali

17

24

Kahakuloa

-

-

Kapalua

6

6

Kihei

38

45

Kipahulu

-

Median Price

CONDOMINIUM

2015

MELISSA SALVADOR Account Executive

2015 Units

Median Price

2014

PATRICK KILBRIDE Sr. Account Executive

2015 Units

2014 Units

Central

0

1

$0

$500,000

-

Haiku

2

2

$605,000

$915,000

-

-

Hana

0

2

$0

$389,500

$1,450,000

$776,950

Kaanapali

1

2

$532,000

$739,625

-

-

Kahakuloa

1

0

$377,000

$0

$1,042,500

$837,000

Kapalua

0

1

$0

$1,075,000

$332,500

$286,000

Kihei

3

1

$525,000

$270,000

-

-

-

Kipahulu

-

-

-

-

Kula/Ulu/Kanao

2

4

$712,500

$774,000

Median Price

2014

LAND

Median Price

2015

Median Price

2014

Median Price

Kahakuloa

-

-

-

-

Kapalua

1

1

$3,196,000

$4,700,000

Kihei

16

14

$591,500

$817,500

-

-

-

-

Kula/Ulu/Kanao

12

5

$836,000

$740,000

Kula/Ulu/Kanao

0

0

$0

$0

Lahaina

2

2

$1,043,000

$537,500

Lahaina

7

9

$430,000

$409,000

Lahaina

1

0

$1,250,000

$0

Lanai

1

2

$190,000

$407,500

Lanai

0

0

$0

$0

Lanai

-

-

-

-

Maalaea

-

-

-

-

Maalaea

7

0

$320,000

$0

Maalaea

-

-

-

-

Makawao/Olin/Halii

6

2

$605,000

$530,000

Makawao/Olin/Halii

-

-

-

-

Makawao/Olin/Halii

1

1

$285,000

$200,000

Maui Meadows

2

1

$1,074,444

$7,500,000

Maui Meadows

-

-

-

-

Maui Meadows

-

-

-

-

Molokai

0

2

$0

$317,500

Molokai

3

0

$105,000

$0

Molokai

2

0

$137,000

$0

Nahiku

1

0

$367,500

$0

Nahiku

-

-

-

-

Nahiku

-

-

-

-

Napili/Kah/Hono

1

3

$1,200,000

$1,350,000

23

15

$396,000

$410,000

Napili/Kah/Hono

-

-

-

-

Olowalu

0

0

$0

$0

Olowalu

-

-

-

-

Olowalu

0

0

$0

$0

Pukalani

7

4

$625,000

$476,000

Pukalani

-

-

-

-

Pukalani

1

0

$550,000

$0

Sprecks/Paia/Kuau

5

3

$599,000

$1,400,000

Sprecks/Paia/Kuau

-

-

-

-

Sprecks/Paia/Kuau

-

-

-

-

Wailea/Makena

2

2

$8,062,500

$1,764,000

Wailea/Makena

13

9

$1,050,000

$999,000

Wailea/Makena

0

1

$0

$515,000

SUMMARY

84

70

$627,500

$590,500

SUMMARY

122

127

$442,500

$420,000

SUMMARY

14

15

$528,500

$515,000

Kipahulu

Homes

899 696

856 682

Condos

854 666

868 688

Napili/Kah/Hono

Land

900 675

871 674

858 646

890

641

963

676

977

672

1,049

716

1,062

746

1,069

747

404

399

405

406

414

407

399

401

397

393

392

383

360

Apr-14

May-14

Jun-14

Jul-14

Aug-14

Sep-14

Oct-14

Nov-14

Dec-14

Jan-15

Feb-15

Mar-15

Apr-15

Active/ PendingContinue to Show/ Contingent Status Inventory

CURRENT ABSORPTION RATE MARCH 2015

MARCH 2014

RESIDENTIAL

8.9 months

10 months

CONDOMINIUM

8.8 months

7 months

LAND

25.7 months 25.3 months Based on this month’s Active/Pending-Continue to Show Contingent Status inventory divided by July Sales. TOTAL SALES (for Immediate Past 12 months)

% of deals from either Real Estate Owned (REO) or Short Sales (SS)

As of April 8, 2015

*All information taken from Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. Old Republic is providing this information as a free customer service and makes no warranties or representations as to its accuracy.

MARCH 2015

MARCH 2014

RESIDENTIAL

969 (12.7%)

967 (16.9%)

CONDOMINIUM

1,192 (7.8%)

1,383 (9.3%)

168 (3.6%)

214 (7.9%)

LAND


SINGLE FAMILY RESIDENCE Year-to-Date Data Comparing 1/1/2015 thru 3/31/2015 with 1/1/2014 thru 3/31/2014 AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales

Year Ago YTD

MEDIAN SALES PRICE

Current YTD Sales

Percent Change

Year Ago YTD

Percent Change

Current YTD Sales

Year Ago YTD

Percent Change

Central

69

52

33%

Central

$525,628

$452,395

16%

Central

$500,876

$411,198

Haiku

16

12

33%

Haiku

$769,297

$788,750

-2%

Haiku

$707,000

$732,500

-3%

Hana

3

1

200%

Hana

$548,300

$750,000

-27%

Hana

$500,000

$750,000

-33%

Kaanapali

9

3

200%

Kaanapali

$2,055,000

$2,416,040

-15%

Kaanapali

$1,875,000

$2,565,000

-27%

Kapalua

1

2

-50%

Kapalua

$3,196,000

$3,200,000

0%

Kapalua

$3,196,000

$3,200,000

0%

Kihei

41

43

-5%

Kihei

$832,305

$930,735

-11%

Kihei

$635,000

$600,000

6%

Kipahulu

0

0

N/A

Kipahulu

$0

$0

N/A

Kipahulu

$0

$0

N/A

Kula/Ulu/Kanao

19

15

27%

Kula/Ulu/Kanao

Lahaina

7

11

-36%

Lahaina

Lanai

5

6

-17%

Makawao/Olin/Halii

14

10

Maui Meadows

4

Molokai Nahiku

$926,145

$776,833

19%

Kula/Ulu/Kanao

$1,596,429

$1,253,273

27%

Lahaina

Lanai

$374,800

$1,342,500

-72%

40%

Makawao/Olin/Halii

$736,579

$500,625

4

0%

Maui Meadows

$1,005,972

2

3

-33%

Molokai

2

0

N/A

Nahiku

Napili/Kahana/ Hono

5

5

0%

Napili/Kahana/ Hono

Olowalu

1

1

0%

Olowalu

Pukalani

11

10

10%

Pukalani

Sprecks/Paia/Kuau

6

7

-14%

Wailea/Makena

4

10

-60%

MAUI SUMMARY

219

195

12%

$885,000

$740,000

20%

$1,500,000

$775,000

94%

Lanai

$400,000

$432,500

-8%

47%

Makawao/Olin/Halii

$482,500

$500,000

-4%

$2,703,825

-63%

Maui Meadows

$990,000

$1,175,000

-16%

$342,500

$295,000

16%

Molokai

$342,500

$250,000

37%

$316,250

$0

N/A

Nahiku

$316,250

$0

N/A

$949,000

$1,899,980

-50%

Napili/Kahana/ Hono

$985,000

$975,000

1%

$1,475,000

$1,425,000

4%

Olowalu

$1,475,000

$1,425,000

4%

$577,182

$743,650

-22%

Pukalani

$565,000

$581,250

-3%

Sprecks/Paia/Kuau

$1,053,000

$3,922,857

-73%

Sprecks/Paia/Kuau

$604,500

$4,000,000

-85%

Wailea/Makena

$4,645,000

$3,058,550

52%

Wailea/Makena

$1,452,500

$1,826,500

-20%

MAUI SUMMARY

$866,684

$1,097,519

-21%

MAUI SUMMARY

$599,000

$585,000

2%

Single Family Residence Unit Sales YTD

Single Family Residence Sales Volume YTD 2015 vs 2014

2015 vs 2014

75

2015

2014

30 15 0

x 100,000

60 45

22%

$450 $400 $350 $300 $250 $200 $150 $100 $50 $0

*All information taken from Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. Old Republic is providing this information as a free customer service and makes no warranties or representations as to its accuracy.

2015

Total Top Dollar Volume 2015 2014 Percent Change $189,803,715 $214,016,225 -11%

2014

SINGLE FAMILY RESIDENCE


CONDOMINIUM Year-to-Date Data

Comparing 1/1/2015 thru 3/31/2015 with 1/1/2014 thru 3/31/2014 AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales

Year Ago YTD

MEDIAN SALES PRICE

Current YTD Sales

Percent Change

Year Ago YTD

Percent Change

Current YTD Sales

Central

26

38

-32%

Central

$311,606

$240,113

30%

Central

Haiku

0

0

N/A

Haiku

$0

$0

N/A

Hana

0

0

N/A

Hana

$0

$0

Kaanapali

35

43

-19%

Kaanapali

$1,348,361

Kapalua

10

9

11%

Kapalua

Kihei

103

108

-5%

Kihei

Kula/Ulu/Kanao

1

0

N/A

Kula/Ulu/Kanao

Lahaina

25

16

56%

Lahaina

Lanai

2

2

0%

Lanai

Maalaeea

12

6

100%

Molokai

8

4

Napili/Kahana/ Hono

46

Pukalani

Year Ago YTD

Percent Change

$312,500

$217,500

44%

Haiku

$0

$0

N/A

N/A

Hana

$0

$0

N/A

$1,080,497

25%

Kaanapali

$1,155,000

$794,900

45%

$1,895,200

$1,270,611

49%

Kapalua

$1,077,500

$974,000

11%

$395,661

$397,985

-1%

Kihei

$335,000

$310,750

8%

$2,570,000

$0

N/A

$437,475

$420,000

4%

$1,062,000

$1,725,000

-38%

$2,570,000

$0

N/A

Kula/Ulu/Kanao

$414,087

$556,938

-26%

Lahaina

$1,062,000

$1,725,000

-38%

Lanai

Maalaeea

$318,875

$595,000

-46%

Maalaeea

$309,500

$477,500

-35%

100%

Molokai

$94,938

$160,623

-41%

Molokai

$87,500

$164,995

-47%

61

-25%

Napili/Kahana/ Hono

$447,550

$410,273

9%

Napili/Kahana/ Hono

$420,000

$349,900

20%

0

0

N/A

Pukalani

$0

$0

N/A

Pukalani

$0

$0

N/A

Sprecks/Paia/Kuau

1

0

N/A

Sprecks/Paia/Kuau

$1,748,500

$0

N/A

Sprecks/Paia/Kuau

$1,748,500

$0

N/A

Wailea/Makena

31

23

35%

Wailea/Makena

$1,353,585

$1,612,599

-16%

Wailea/Makena

$1,026,880

$999,000

3%

MAUI SUMMARY

300

310

-3%

MAUI SUMMARY

$663,095

$608,689

9%

MAUI SUMMARY

$440,000

$406,375

8%

Condominium Unit Sales YTD

Condominium Sales Volume YTD 2015 vs 2014

2015 vs 2014

2015

2014

x 100,000

120 100 80 60 40 20 0

$500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0

*All information taken from Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. Old Republic is providing this information as a free customer service and makes no warranties or representations as to its accuracy.

2015

Total Top Dollar Volume 2015 2014 Percent Change $198,928,562 $188,693,499 5%

2014

CONDOMINIUM


LAND Year-to-Date Data

Comparing 1/1/2015 thru 3/31/2015 with 1/1/2014 thru 3/31/2014 AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales

Year Ago YTD

MEDIAN SALES PRICE

Current YTD Sales

Percent Change

Year Ago YTD

Percent Change

Current YTD Sales

Year Ago YTD

Percent Change

Central

5

4

25%

Central

$406,090

$317,500

28%

Central

$340,000

$277,500

23%

Haiku

3

3

0%

Haiku

$616,667

$733,333

-16%

Haiku

$640,000

$370,000

73%

Hana

1

4

-75%

Hana

$380,000

$1,431,750

-73%

Hana

$380,000

$405,000

-6%

Kaanapali

3

8

-63%

Kaanapali

$594,000

$623,281

-5%

Kaanapali

$600,000

$583,875

3%

Kahakuloa

1

0

N/A

Kahakuloa

$377,000

$0

N/A

Kahakuloa

$377,000

$0

N/A

Kapalua

0

1

-100%

Kapalua

$0

$1,075,000

-100%

Kapalua

$0

$1,075,000

-100%

Keanae

0

0

N/A

Keanae

$0

$0

N/A

Keanae

$0

$0

N/A

Kihei

7

4

75%

Kihei

$460,714

$466,750

-1%

Kihei

$490,000

$323,500

51%

Kula/Ulu/Kanao

4

6

-33%

Kula/Ulu/Kanao

$612,500

$524,917

17%

Kula/Ulu/Kanao

Lahaina

3

2

50%

Lahaina

$1,021,667

$1,590,000

-36%

Lahaina

Makawao/Olin/Halii

3

3

0%

Makawao/Olin/Halii

$1,033,333

$317,500

225%

Makawao/Olin/Halii

Maui Meadows

0

0

N/A

Maui Meadows

$0

$0

N/A

Maui Meadows

Molokai

2

0

N/A

Molokai

$137,000

$0

N/A

Molokai

Nahiku

0

1

-100%

Nahiku

$0

$227,500

-100%

Nahiku

Napili/Kahana/ Hono

0

2

-100%

Napili/Kahana/ Hono

$0

$681,500

-100%

Napili/Kahana/ Hono

Olowalu

2

0

N/A

Olowalu

$875,000

$0

N/A

Olowalu

Pukalanai

2

0

N/A

Pukalanai

$1,075,000

$0

N/A

Pukalanai

Sprecks/Paia/Kuau

0

0

N/A

Sprecks/Paia/Kuau

$0

$0

N/A

Sprecks/Paia/Kuau

$712,500

$623,500

14%

$1,250,000

$1,590,000

-21%

$315,000

$352,500

-11%

$0

$0

N/A

$137,000

$0

N/A

$0

$227,500

-100%

$0

$681,500

-100%

$875,000

$0

N/A

$1,075,000

$0

N/A

$0

$0

N/A

Wailea/Makena

3

2

50%

Wailea/Makena

$850,000

$837,500

1%

Wailea/Makena

$700,000

$837,500

-16%

MAUI SUMMARY

39

40

-3%

MAUI SUMMARY

$640,601

$691,819

-7%

MAUI SUMMARY

$532,000

$497,500

7%

Land Sales YTD

Land Sales Volume YTD 2015 vs 2014

2015 vs 2014

8

2015

2014

4 2 0

x 100,000

6

$60 $50 $40 $30 $20 $10 $0

*All information taken from Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. Old Republic is providing this information as a free customer service and makes no warranties or representations as to its accuracy.

2015

Total Top Dollar Volume 2015 2014 Percent Change $24,983,450 $27,672,749 -10%

2014

LAND