Maui Real Estate Report~April 2014

MAUI STATISTICS

Reta Chin-Chiarella

Business Development VP RChinChiarella@ortc.com Cell 808-268-6554

APRIL 2014 2014 Median Price

2013 Median Price

2013 Median Price

$269,250

$249,000 Central

2014 Median Price

2013 Median Price

2

$193,000

$222,500

4

$750,000

$509,500

1

0

$510,000

$0

5

1

$576,000

$718,862

0

1

$0

$224,999

0

0

$0

$0

0

0

$0

$0

2013

Central

26

27

$429,973

$380,000 Central

18

15

1

Haiku

9

6

$800,000

$871,125 Haiku

-

-

-

-

Haiku

1

Hana

1

0

$168,000

$0 Hana

-

-

-

-

Hana

Kaanapali

5

3

$1,675,000

15

20

Kahakuloa

-

-

-

-

-

2014 2013

2014 Median Price

2014

RESIDENTIAL Units Units

CONDOMINIUM Units Units

$1,170,000 Kaanapali -

Kahakuloa

3

1

$3,250,000

Kihei

12

14

$667,825

$481,500 Kihei

Kula/Ulu/Kan

3

2

$875,000

$540,000 Kula/Ulu/Kan

-

-

Lahaina

4

4

$905,000

$900,000 Lahaina

7

9

$685,000

Lanai

3

2

$625,000

$297,500 Lanai

1

2

$1,300,000

Maalaea

-

-

6

4

$530,000

-

Maalaea

3 44

Makawao/Olin/Halii

6

2

$693,750

Maui Meadows

2

4

$887,500

Molokai

0

4

$0

Nahiku

1

0

$233,000

Napili/Kah/Hono

1

2

$575,000

Olowalu

-

-

Pukalani

2

3

$583,000

$470,000 Pukalani

-

-

Sprecks/Paia/Kuau

3

1

$644,500

$500,000 Sprecks/Paia/Kuau

1

1

-

Wailea/Makena

3

4

$5,900,000

MAUI SUMMARY

84

79

$583,000

$399,500 Makawao/Olin/Halii

4 56

-

Kapalua

-

$4,500,000 Kapalua

$767,500

$1,350,000 Maui Meadows $361,500 Molokai $0 Nahiku $854,000 Napili/Kah/Hono -

Olowalu

$4,487,500 Wailea/Makena $470,000 MAUI SUMMARY

LAND

$607,000 Kaanapali -

Kahakuloa

$1,062,500 $1,250,000 Kapalua $315,000 -

$312,500 Kihei -

Kula/Ulu/Kan

2014 2013 Units Units

3

1

$475,000

$299,000

$320,000 Lahaina

3

2

$575,000

$825,000

$88,500 Lanai

-

-

-

-

-

-

-

-

$295,500 Maalaea

-

-

-

-

Makawao/Olin/Halii

0

0

-

-

-

-

Maui Meadows

-

-

1

1

2

1

-

-

-

-

17

28

-

-

10

17

136

144

$140,000 $365,000 $270,000

$185,000 Molokai -

Nahiku

$313,000 Napili/Kah/Hono

$0 -

$87,500

$44,500

-

-

0

1

-

Olowalu

-

-

-

Pukalani

1

0

-

-

-

2

1

$1,650,000

$1,750,000

19

14

$510,000

$479,500

$294,000 Sprecks/Paia/Kuau

$1,006,250 $1,100,000 Wailea/Makena $403,500

$0 -

$370,000 MAUI SUMMARY

$0

$450,000

-

-

$200,000

$0 -

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

As of May 11, 2014 • Active/Pending/Contingent Sales Inventory:

CURRENT ABSORPTION RATE APR-2014 RESIDENTIAL 8.2 mo CONDOMINIUM 6.3 mo

Apr-2013 9.3 mo 8.6 mo

LAND

33.8 mo

21 mo.

Based on this month’s Active/Pending-Continue to Show Contingent Status inventory divided by April Sales.

TOTAL SALES (for Immediate Past 12 months)

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

RESIDENTIAL CONDOMINIUM LAND

2014

2013

972 (15.7%) 1,374 (9.5%) 217 (7.4%)

934 (29.2%) 1,228 (16%) 185 (16.8%)

2014 SINGLE FAMILY Year to Date

Comparing 01/01/2013 thru 4/30/2013 with 01/01/2014 thru 4/30/2014 SINGLE FAMILY YEAR TO DATE Kapalua Makawao/Olin/Halii Wailea/Makena Lahaina Kaanapali Kihei Kula/Ulu/Kan Sprecks/Paia/Kuau Central Lanai Haiku Maui Meadows Molokai Pukalani Napili/Kah/Hono Hana Nahiku Olowalu Kahakuloa Keanae MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

5 16 13 15 8 55 18 11 76 9 21 6 3 12 6 2 1 1 0 0 278

Year Ago YTD

2 11 11 13 7 54 18 11 79 10 25 8 5 22 12 0 0 0 0 0 288

AVERAGE SALES PRICE Current YTD Average

Changes Units %

3 5 2 2 1 1 0 0 -3 -1 -4 -2 -2 -10 -6 2 1 1 0 0 -10

150% 45% 18% 15% 14% 2% 0% 0% -4% -10% -16% -25% -40% -45% -50% N/A N/A N/A N/A N/A -3%

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

$1,679,150 $2,774,318 $1,175,733 $2,098,383 $1,105,000 $878,649 $716,875 $837,361 $545,859 $788,262 $1,933,515 $455,788 $3,419,400 $3,448,885 $295,000 $459,000 $233,000 $1,425,000 $0 $0 $1,055,947

Year Ago YTD Average

$791,108 $1,349,227 $621,023 $1,108,500 $672,250 $609,466 $499,273 $718,750 $477,900 $699,730 $1,757,857 $417,206 $3,147,500 $3,994,318 $347,778 $0 $0 $0 $0 $0 $780,615

MEDIAN SALES PRICE

Percent Change

112% 106% 89% 89% 64% 44% 44% 17% 14% 13% 10% 9% 9% -14% -15% N/A N/A N/A N/A N/A 35%

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

Current YTD Median

Year Ago YTD Median

$1,375,000 $775,000 $807,500 $543,125 $635,000 $800,000 $440,000 $582,000 $1,737,500 $416,245 $3,250,000 $850,000 $1,112,500 $2,108,000 $250,000 $459,000 $233,000 $1,425,000 $0 $0 $585,000

$545,000 $550,000 $592,500 $400,000 $487,500 $625,000 $349,250 $485,000 $1,500,000 $397,979 $3,147,500 $836,500 $1,235,000 $2,750,000 $358,000 $0 $0 $0 $0 $0 $511,500

Percent Change

152% 41% 36% 36% 30% 28% 26% 20% 16% 5% 3% 2% -10% -23% -30% N/A N/A N/A N/A N/A 14%

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

Single Family Residential Unit Sales YTD 2014 vs 2013

SINGLE FAMILY

2014 CONDOMINIUM Year to Date

Comparing 01/01/2013 thru 4/30/2013 with 01/01/2014 thru 4/30/2014 NUMBER OF SALES

CONDO YEAR TO DATE Kihei

Current YTD Sales

Year Ago YTD

AVERAGE SALES PRICE Current YTD Average

Changes Units %

163

132

31

23%

Lanai

Napili/Kah/Hono

78

67

11

16%

Lahaina

Kaanapali

58

55

3

5%

Maalaea

Central

56

46

10

22%

Kapalua

13

13

0

0%

Wailea/Makena

33

42

-9

-21%

Kaanapali

Lahaina

23

28

-5

-18%

Central

Maalaea

12

14

-2

-14%

Molokai

5

3

2

67%

Lanai

3

7

-4

-57%

Napili/Kah/Hono

Sprecks/Paia/Kuau

1

2

-1

-50%

Kapalua

Hana

0

0

0

N/A

Hana

$0

Pukalani

0

0

0

N/A

Pukalani

445

409

36

9%

MAUI SUMMARY

MAUI SUMMARY

Wailea/Makena Molokai

Year Ago YTD Average

MEDIAN SALES PRICE Current YTD Median

Percent Change

Lanai

Year Ago YTD Median

$1,583,333

$350,957

351%

$595,826

$350,107

70%

Maalaea

$540,458

$320,718

69%

Molokai

$140,000

$91,000

54%

$1,582,342 $1,105,235

43%

Lahaina

$450,000

$347,000

30%

$974,000

$795,000

23%

$156,498

$115,375

36%

Kapalua

$1,164,359

$965,316

21%

Kaanapali

$258,788

$220,194

18%

Wailea/Makena

Sprecks/Paia/Kuau

$270,000

$247,000

9%

Kihei

$395,283

$366,055

$408,198

$1,700,000

Percent Change

$530,000

$95,000 1689% $312,500

70%

$794,900

$679,900

17%

$1,000,000

$877,000

14%

Sprecks/Paia/Kuau

$270,000

$247,000

9%

8%

Napili/Kah/Hono

$356,250

$335,000

6%

$387,072

5%

Central

$255,250

$242,000

5%

$1,216,577 $1,199,423

1%

Kihei

$315,000

$299,500

5%

$0

N/A

Hana

$0

$0

N/A

$0

$0

N/A

Pukalani

$0

$0

N/A

$611,956

$530,750

15%

$403,750

$369,900

9%

MAUI SUMMARY

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

Condo Unit Sales YTD 2014 vs 2013

CONDOMINIUM

2014 LAND Year to Date

Comparing 01/01/2013 thru 4/30/2013 with 01/01/2014 thru 4/30/2014 LAND YEAR TO DATE Kaanapali Makawao/Olin/Halii Napili/Kah/Hono Kula/Ulu/Kan Central Lahaina Wailea/Makena Kihei Haiku Molokai Kapalua Kahakuloa Lanai Maui Meadows Sprecks/Paia/Kuau Hana Nahiku Pukalani Kaupo Olowalu MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

13 3 2 9 5 5 4 4 4 2 1 0 0 0 0 5 1 1 0 0 59

Year Ago YTD

3 1 1 6 5 5 5 6 9 5 4 2 2 2 4 0 0 0 0 0 60

AVERAGE SALES PRICE Current YTD Average

Changes Units %

10 2 1 3 0 0 -1 -2 -5 -3 -3 -2 -2 -2 -4 5 1 1 0 0 -1

333% 200% 100% 50% 0% 0% -20% -33% -56% -60% -75% -100% -100% -100% -100% N/A N/A N/A N/A N/A -2%

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

$737,500 $681,500 $1,079,800 $1,243,750 $466,750 $598,827 $1,075,000 $317,500 $292,600 $503,833 $87,500 $0 $0 $0 $0 $1,247,400 $227,500 $200,000 $0 $0 $664,462

Year Ago YTD Average

$411,000 $450,000 $767,800 $1,147,000 $436,667 $662,954 $1,318,750 $450,000 $469,277 $1,035,333 $212,300 $232,500 $875,000 $510,000 $980,000 $0 $0 $0 $0 $0 $680,529

MEDIAN SALES PRICE Current YTD Median

Percent Change

79% 51% 41% 8% 7% -10% -18% -29% -38% -51% -59% -100% -100% -100% -100% N/A N/A N/A N/A N/A -2%

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

$681,500 $560,000 $1,355,000 $1,075,000 $549,000 $323,500 $730,000 $275,000 $576,000 $352,500 $87,500 $0 $0 $0 $0 $450,000 $227,500 $200,000 $0 $0 $500,000

Year Ago YTD Median

Percent Change

$450,000 $399,000 $1,075,000 $937,500 $507,500 $335,000 $784,000 $305,000 $715,000 $450,000 $150,000 $232,500 $875,000 $510,000 $672,500 $0 $0 $0 $0 $0 $509,500

51% 40% 26% 15% 8% -3% -7% -10% -19% -22% -42% -100% -100% -100% -100% N/A N/A N/A N/A N/A -2%

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

Land Unit Sales YTD 2014 vs 2013

LAND