Maui Real Estate Market Report August 2015

Page 1

MAUI STATISTICS

Makawao/Olin/Halii

Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani Sprecks/Paia/Kuau

Wailea/Makena SUMMARY

2014

Median Price Median Price

21 9 0 2 0 11 1 6 6 0 5 1 1 1 3 1 0 68

$477,500 $489,000 $830,000 $520,000 $340,000 $0 $0 $1,650,000 $0 $0 $700,000 $595,000 $0 $500,000 $975,000 $692,500 $580,000 $810,000 $325,000 $0 $550,000 $428,000 $965,000 $1,287,000 $166,000 $147,000 $895,000 $697,000 $613,500 $475,000 $650,000 $1,410,000 $1,825,000 $0 $550,000 $570,000

Active/ Pending-Continue to Show/ Contingent Status Inventory As of Sept. 10, 2015 Homes 871

674 407

858

890

646 641 399

401

Condos 963

676 397

977

672 393

Land

1,049 1,062 1,069 1,024

716

392

746

383

747

360

987

725

369

697

366

940

934

371

362

380

Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea Makawao/Olin/Halii

Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani Sprecks/Paia/Kuau

Wailea/Makena SUMMARY

2015 Units

2014 Units

12 9 3 37 12 0 0 1 18 1 6 99

16 11 6 30 3 1 2 2 17 0 7 95

2015

Account Executive

2014

Median Price Median Price

LAND

$293,000 $242,500 $1,050,000 $815,000 $1,200,000 $6,125,000 $335,000 $322,500 $487,645 $220,000 $0 $675,000 $0 $550,000 $90,000 $87,250 $299,000 $410,000 $655,000 $0 $2,737,500 $1,197,000 $355,000 $410,000

Central Haiku Hana Honokohau Kaanapali Kapalua Keanae Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea Makawao/Olin/Halii

Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani Sprecks/Paia/Kuau

Wailea/Makena SUMMARY

MSalvador@ortc.com Cell 808-205-1273

2015 Units

2014 Units

0 1 0 0 0 0 0 0 1 0 1 0 0 1 4

2 0 1 0 2 3 1 0 0 1 0 1 2 0 13

2015

2014

Median Price Median Price

$0 $243,000 $440,000 $0 $0 $200,000 $0 $0 $0 $2,575,000 $0 $525,000 $0 $335,000 $0 $0 $255,000 $0 $0 $475,000 $20,000 $0 $0 $805,000 $0 $335,000 $7,800,000 $0 $347,500 $440,000

CURRENT ABSORPTION RATE

918

677 652 666

CONDOMINIUM

Lydiamae Presbitero Dennis Hinahara Darnell Hookano VP, Maui Manager, Consultant Escrow Officer Escrow Officer

Your Partner in Success

AUG 2015

AUG 2014

7 months

9.9 months

CONDOMINIUM

9.3 months

9.3 months

LAND

95 months

29 months

RESIDENTIAL

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

TOTAL SALES

Dawn DeRego Project Division Manager

Haley McCraney Escrow Officer

WAILEA

42 8 1 0 0 9 0 5 5 1 9 2 1 2 8 1 2 96

2015

KAHULUI

Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea

2014 Units

LAHAINA

2015 Units

MELISSA SALVADOR

Sr. Account Executive

PKilbride@ortc.com Cell 808-264-4289

AUGUST 2015

SINGLE FAMILY RESIDENCE

PATRICK KILBRIDE

(for Immediate Past 12 months) % of deals from either Real Estate Owned (REO) or Short Sales (SS) AUG 2015 AUG 2014 Deni Kawauchi VP, Branch Manager, Escrow Officer

Vicki Steffan Sr. Escrow Officer

RESIDENTIAL

1,038 (11.5%)

945 (14.7%)

CONDOMINIUM

1,175 (7.2%)

1,273 (8.3%)

144 (4.2%)

203 (5.9%)

LAND

*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.


SINGLE FAMILY RESIDENCE Year-to-Date Data

Comparing 1/1/2015 thru 8/31/2015 with 1/1/2014 thru 8/31/2014

AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono

Olowalu Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

261 55 7 17 1 9 100 0 62 33 10 35 15 15 2 23 2 42 13 18 720

Year Ago YTD

Current YTD Sales

Percent Change

188 47 3 20 0 5 113 1 49 36 11 38 12 7 1 26 2 31 15 21 626

39% 17% 133% -15% N/A 80% -12% -100% 27% -8% -9% -8% 25% 114% 100% -12% 0% 35% -13% -14% 15%

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

$517,353 $1,053,963 $978,986 $2,118,235 $656,000 $3,061,111 $969,798 $0 $869,483 $1,166,965 $406,900 $658,467 $1,171,593 $562,675 $316,250 $902,642 $1,482,500 $680,000 $962,423 $4,762,500 $913,538

2015

626 2014

15%

Average Sales Price $913,538 $920,759

2015

2014

-1% *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.

$464,124 $732,588 $428,333 $1,912,031 $0 $3,419,400 $768,354 $500,000 $886,192 $1,267,292 $982,727 $590,684 $1,717,275 $235,143 $233,000 $1,224,188 $3,562,500 $624,982 $2,298,450 $3,484,190 $920,759

Percent Change 11% 44% 129% 11% N/A -10% 26% -100% -2% -8% -59% 11% -32% 139% 36% -26% -58% 9% -58% 37% -1%

Current YTD Sales

Median Sales Price $590,190 $570,000

2015

4%

$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

2015

Year Ago YTD

Percent Change

Central

$507,190

$430,000

18%

Haiku

$745,000

$645,000

16%

Hana

$688,000

$367,000

87%

Kaanapali

$2,000,000

$1,767,500

13%

Kahakuloa

$656,000

$0

N/A

$3,196,000

$3,250,000

-2%

$635,000

$596,000

7%

$0

$500,000

-100%

Kula/Ulu/Kanao

$773,000

$815,000

-5%

Lahaina

$700,000

$810,000

-14%

Lanai

$342,500

$440,000

-22%

Makawao/Olin/Halii

$490,000

$517,500

-5%

Maui Meadows

$925,000

$1,112,500

-17%

Molokai

$350,000

$224,000

56%

Nahiku

$316,250

$233,000

36%

Napili/Kahana/ Hono

$940,000

$755,000

25%

$1,482,500

$3,562,500

-58%

Kapalua Kihei Kipahulu

Olowalu Pukalani

$611,500

$560,000

9%

Sprecks/Paia/Kuau

$643,500

$1,375,000

-53%

$2,275,000

$2,850,000

-20%

$590,190

$570,000

4%

Wailea/Makena MAUI SUMMARY

Single Family Residence Sales Volume YTD 2015 vs 2014

Number of Sales 720

MEDIAN SALES PRICE Year Ago YTD

x 100,000

NUMBER OF SALES

Total Top Dollar Volume 2015 2014 Percent Change $657,747,643 $576,394,900 14%

2014

2014

SINGLE FAMILY RESIDENCE


CONDOMINIUM Year-to-Date Data

Comparing 1/1/2015 thru 8/31/2015 with 1/1/2014 thru 8/31/2014 AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Kaanapali Kapalua Kihei Lahaina Lanai Maalaeea Molokai Napili/Kahana/ Hono Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

81 0 0 75 24 304 74 3 23 13 129 2 2 77 807

Year Ago YTD

Current YTD Sales

Percent Change

107 0 0 115 25 278 46 5 25 10 152 0 3 69 835

-24% N/A N/A -35% -4% 9% 61% -40% -8% 30% -15% N/A -33% 12% -3%

Central Haiku Hana Kaanapali Kapalua Kihei Lahaina Lanai Maalaeea Molokai Napili/Kahana/ Hono Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

$307,341 $0 $0 $1,350,821 $1,817,042 $411,933 $437,866 $1,308,000 $386,326 $102,654 $433,071 $572,500 $1,014,250 $1,555,924 $644,900

2015

835

2014

-3%

Average Sales Price $644,900 $656,179

2015

2014

-2% *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.

Year Ago YTD $278,837 $0 $0 $1,151,381 $2,527,520 $390,967 $481,841 $1,650,000 $446,548 $122,449 $440,322 $0 $1,133,000 $1,458,799 $656,179

Percent Change 10% N/A N/A 17% -28% 5% -9% -21% -13% -16% -2% N/A -10% 7% -2%

Current YTD Sales Central

Median Sales Price $407,500

2015

$414,750

$1,400 $1,200 $1,000 $800 $600 $400 $200 $0

2015

Year Ago YTD

Percent Change

$310,000

$268,500

15%

Haiku

$0

$0

N/A

Hana

$0

$0

N/A

$1,175,000

$820,000

43%

Kapalua

$909,000

$1,204,000

-25%

Kihei

$338,500

$320,000

6%

Lahaina

$422,500

$409,500

3%

$1,800,000

$1,700,000

6%

$350,000

$385,000

-9%

Molokai

$96,000

$107,500

-11%

Napili/Kahana/ Hono

$396,000

$399,000

-1%

Pukalani

$572,500

$0

N/A

Sprecks/Paia/Kuau

$1,014,250

$279,000

264%

Wailea/Makena

$1,050,000

$1,000,000

5%

$407,500

$414,750

-2%

Kaanapali

Lanai Maalaeea

MAUI SUMMARY

Condominium Sales Volume YTD 2015 vs 2014

Number of Sales 807

MEDIAN SALES PRICE

x 100,000

NUMBER OF SALES

Total Top Dollar Volume 2015 2014 Percent Change $520,434,623 $547,909,311 -5%

2014

2014

-2% CONDOMINIUM


LAND Year-to-Date Data

Comparing 1/1/2015 thru 8/31/2015 with 1/1/2014 thru 8/31/2014 AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono Olowalu Pukalanai Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

15 13 3 1 10 1 2 1 0 11 13 5 1 5 0 5 0 0 2 2 0 6 96

Number of Sales 96 2015

119

2014

-19%

Year Ago YTD 15 12 9 0 18 1 3 0 1 13 12 10 0 5 1 4 1 3 1 3 3 4 119

Current YTD Sales

Percent Change 0% 8% -67% N/A -44% 0% -33% N/A -100% -15% 8% -50% N/A 0% -100% 25% -100% -100% 100% -33% -100% 50% -19%

Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono Olowalu Pukalanai Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

$471,916 $543,462 $296,667 $300,000 $611,475 $377,000 $2,950,000 $468,000 $0 $458,864 $468,942 $757,000 $20,000 $714,000 $0 $84,800 $0 $0 $875,000 $1,075,000 $0 $3,768,333 $767,148

2015

$666,281

2014

15% *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.

$384,867 $647,333 $890,300 $0 $613,849 $1,600,000 $2,075,000 $0 $1,000,000 $420,846 $540,292 $975,400 $0 $715,500 $475,000 $89,500 $227,500 $696,000 $805,000 $290,000 $925,000 $1,243,750 $666,281

Percent Change 23% -16% -67% N/A 0% -76% 42% N/A -100% 9% -13% -22% N/A 0% -100% -5% -100% -100% 9% 271% -100% 203% 15%

Current YTD Sales Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono Olowalu Pukalanai Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

Land Sales Volume YTD 2015 vs 2014

Average Sales Price $767,148

MEDIAN SALES PRICE Year Ago YTD

$150 $120

Median Sales Price $487,500 $515,000

2015

2015

$290,000 $440,000 $310,000 $300,000 $592,500 $377,000 $2,950,000 $468,000 $0 $490,000 $445,000 $620,000 $20,000 $285,000 $0 $95,000 $0 $0 $875,000 $1,075,000 $0 $1,445,000 $487,500

Year Ago YTD $276,000 $520,000 $375,000 $0 $576,933 $1,600,000 $2,550,000 $0 $1,000,000 $320,000 $612,000 $707,500 $0 $352,500 $475,000 $91,500 $227,500 $725,000 $805,000 $230,000 $900,000 $1,355,000 $515,000

Percent Change 5% -15% -17% N/A 3% -76% 16% N/A -100% 53% -27% -12% N/A -19% -100% 4% -100% -100% 9% 367% -100% 7% -5%

Total Top Dollar Volume 2015 2014 Percent Change $73,646,241 $79,287,475 -7%

2014

$90 x 100,000

NUMBER OF SALES

$60 $30 $0

2014

-5%

LAND


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