Maui Real Estate Report September 2014

Page 1

MAUI STATISTICS

Reta Chin-Chiarella, VP Business Development

RChinChiarella@ortc.com Cell 808-268-6554

SEPTEMBER 2014

RESIDENTIAL Central Haiku Hana Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kipahulu Kula/Ulu/Kanaio Lahaina Lanai Maalaea Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

2014 2013 Units Units 32 8 3 1 12 0 7 4 3 5 5 1 0 7 3

38 7 1 0 13 0 4 5 5 6 0 0 1 3 1

4

1

95

85

2014 Median Price $449,500 $745,575 $1,500,000 $4,900,000 $502,500 $0 $680,000 $565,356 $800,000 $390,000 $1,093,500 $575,000 $0 $550,000 $875,000

2013 Median Price

2014 2013

CONDOMINIUM Units Units

$417,454 $580,000 $1,100,000 $0 $580,000 $0 $538,000 $480,000 $380,000 $510,000 $0 $0 $950,000 $631,001 $1,070,000

Central Haiku Hana Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kipahulu Kula/Ulu/Kanaio Lahaina Lanai Maalaea Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani Sprecks/Paia/Kuau $1,350,000 $1,610,000 Wailea/Makena $570,000 $470,000 MAUI SUMMARY

10 10 3 31 3 0 1 1 12 1 -

22 16 4 39 4 2 4 1 23 1 -

7

5

79

121

2014 Median Price

2013 Median Price

LAND

$363,750 $243,750 Central Haiku Hana $930,000 $1,104,900 Kaanapali Kahakuloa $910,000 $1,362,500 Kapalua Kaupo Keanae $315,000 $339,000 Kihei Kipahulu Kula/Ulu/Kanaio $420,000 $296,250 Lahaina $0 $90,500 Lanai $405,000 $261,000 Maalaea Makawao/Olin/Halii Maui Meadows $142,500 $99,000 Molokai Nahiku $465,000 $350,000 Napili/Kah/Hono Olowalu $505,000 $460,000 Pukalani Sprecks/Paia/Kuau $675,000 $750,000 Wailea/Makena $465,000 $345,000 MAUI SUMMARY

2014 2013 Units Units 4 2 0 1 0 0 1 1 1 2 0 0 0 0 12

4 3 1 1 0 1 1 1 1 0 0 2 0 0 15

2014 Median Price

2013 Median Price

$205,000 $682,500 $0 $6,900,000 $0 $0 $360,000 $650,000 $620,000 $612,500 $0 $0 $0 $0 $520,000

$222,500 $335,000 $100,000 $850,000 $0 $59,225 $1,200,000 $360,000 $425,000 $0 $0 $530,000 $0 $0 $335,000

*All information taken from the Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable.

CURRENT ABSORPTION RATE

Active Inventory as of October 9, 2014

SEPT-2014

Sept-2013

RESIDENTIAL

6.8 months

7 months

CONDOMINIUM

10.9 months

6.4 months

33 months

26.5 months

LAND

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)

2014

2013

RESIDENTIAL

956 (14.4%)

1,014 (21.4%)

CONDOMINIUM

1,231 (7.9%)

1,353 (10.4%)

199 (4%)

211 (15.6%)

LAND


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