www.LuxuryHomeMarketing.com MAUI HAWAII Home of the CLHMS TM 2023 MARCH
14 5 12 5 8 19 6 14 16 5 11 7 7 10 9 0 0 0 0 0 1 2 1 2 0 1 2 2 0 0 $12,000,000+ $9,900,000 - $11,999,999 $7,900,000 - $9,899,999 $5,900,000 - $7,899,999 $4,900,000 - $5,899,999 $3,900,000 - $4,899,999 $3,400,000 - $3,899,999 $2,900,000 - $3,399,999 $2,400,000 - $2,899,999 $2,200,000 - $2,399,999 $2,000,000 - $2,199,999 $1,800,000 - $1,999,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $2,497,500 2 2 4 40 10% 2,000 - 2,999 $2,495,000 4 3 5 47 11% 3,000 - 3,999 $1,850,000 4 4 1 27 4% 4,000 - 4,999 $3,744,892 5 3 1 14 7% 5,000 - 5,999 NA NA NA 0 11 0% 6,000+ NA NA NA 0 9 0% MAUI SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | FEBRUARY 2023 Luxury Benchmark Price 1: $1,500,000 Buyer's Market 148 Total Inventory: 11 Total Sales: 7% Total Sales Ratio2: 1 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 DATA REVIEW | FEBRUARY
TOTAL INVENTORY
109 148 Feb. 2022 Feb. 2023
VARIANCE: 36 %
SALE PRICE PER SQFT.
TOTAL SOLDS
21 11
VARIANCE: - 48 %
SALE TO LIST PRICE RATIO
100.00% 97.99%
VARIANCE: - 2 %
SALES PRICE
VARIANCE: 31 % $1.90m $2.50m
DAYS ON MARKET
VARIANCE: 29 % 65 84
MAUI MARKET SUMMARY | FEBRUARY 2023
• The Maui single-family luxury market is a Buyer's Market with a 7% Sales Ratio.
• Homes sold for a median of 97.99% of list price in February 2023.
• The most active price band is $3,400,000-$3,899,999, where the sales ratio is 33%
• The median luxury sales price for single-family homes is $2,495,000.
• The median days on market for February 2023 was 84 days, up from 65 in February 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
Solds Median Sales Price Inventory 109 103 97 114 133 132 137 138 139 136 145 152 148 21 32 38 33 29 27 26 13 21 15 14 20 11 $1,900,000 $2,262,500 $2,402,500 $2,950,000 $2,500,000 $2,000,000 $1,947,500 $2,558,000 $2,550,000 $1,810,000 $2,159,500 $2,718,802 $2,495,000 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
VARIANCE: 37 % $837 $1,147 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
19 9 1 8 4 0 5 7 4 9 5 5 6 5 10 3 1 0 1 1 0 2 2 0 1 0 1 0 3 3 $4,500,000+ $3,600,000 - $4,499,999 $3,100,000 - $3,599,999 $2,600,000 - $3,099,999 $2,400,000 - $2,599,999 $2,200,000 - $2,399,999 $2,000,000 - $2,199,999 $1,900,000 - $1,999,999 $1,800,000 - $1,899,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999 $1,300,000 - $1,399,999 $1,200,000 - $1,299,999 Inventory Sales
HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $1,350,000 1 2 5 23 22% 1,000 - 1,499 $1,500,000 2 2 5 38 13% 1,500 - 1,999 $2,020,000 2 3 4 16 25% 2,000 - 2,499 $5,162,500 3 3 2 9 22% 2,500 - 2,999 $3,650,000 3 8 1 10 10% 3,000+ $13,000,000 5 10 1 1 100%
INVENTORY
SALES
FEBRUARY
Luxury Benchmark Price 1: $1,200,000 Balanced Market 97 Total Inventory: 18 Total Sales: 19% Total Sales Ratio2: 1 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
LUXURY
VS.
|
2023
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY TOTAL SOLDS
SALES PRICE
$1.68m $1.98m
SALE PRICE PER SQFT.
VARIANCE: 2 % $1,394 $1,421
SALE TO LIST PRICE RATIO
100.00% 100.00%
VARIANCE: 0 %
DAYS ON MARKET
61 106
VARIANCE: 74 %
MAUI MARKET SUMMARY | FEBRUARY 2023
• The Maui attached luxury market is a Balanced Market with a 19% Sales Ratio.
• Homes sold for a median of 100.00% of list price in February 2023.
• The most active price band is $1,300,000-$1,399,999, where the sales ratio is 60%
• The median luxury sales price for attached homes is $1,982,500.
• The median days on market for February 2023 was 106 days, up from 61 in February 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
50 53 59 77 89 83 76 61 61 78 87 91 97 35 56 55 31 42 21 28 21 20 25 15 9 18 $1,675,000 $1,700,000 $1,650,000 $1,925,000 $1,812,500 $1,600,000 $1,672,500 $1,900,000 $1,487,500 $1,595,000 $1,795,000 $2,400,000 $1,982,500 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Solds Sale Price Inventory
VARIANCE:
%
VARIANCE: -
%
VARIANCE:
%
94
50 97
49
35 18
18
MAUI ATTACHED HOMES
Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
