Reta Chin-Chiarella
MAUI STATISTICS
Business Development VP RChinChiarella@ortc.com Cell 808-268-6554
State of Hawaii | December 2013 2013 Median Price
2012 Median Price
27
$409,110
$435,000 Central
9
$680,000
$455,000 Haiku
2013 Units
2012 Units
Central
22
Haiku
6
RESIDENTIAL
Hana
0
0
$0
Kaanapali
4
2
$1,091,250
CONDOMIUM
2013 Units
2012 Units
23
13
2013 Median Price
2012 Median Price
$250,000 125,000 Central Haiku
$0 Hana
Hana
$1,200,000 Kaanapali
Kahakuloa
8
18
1
0
$6,050,000
Kihei
17
17
$742,000
Kula/Ulu/Kan
7
2
$750,000
Lahaina
0
3
$0
Lanai
2
2
Makawao/Olin/Hali
7
Maui Meadows
$0 Kapalua
2013 Units
2012 Units
2013 Median Price
2
7
$1,975,000
$165,000
2
10
$337,500
$365,469
2012 Median Price
1
1
$253,000
$400,000
$1,497,500 559,950 Kaanapali
1
1
$740,000
$399,500
Kahakuloa
1
1
$285,000
$342,500
Kahakuloa
Kapalua
LAND
2
8
$695,000 650,000 Kapalua
0
0
$0
$0
35
41
$357,000 344,421 Kihei
5
1
$325,000
$199,500
$1,871,250 Lahaina
4
5
$280,000 410,000 Lahaina
$370,250
$431,250 Lanai
3
12
5
6
5
$400,000
$339,000 Makawao/Olin/Hali
2
1
$1,056,000
$815,000 Maui Meadows
Molokai
1
0
$265,000
Nahiku
0
1
$0
Nap/Kah/Hono
2
4
$992,500
$620,000 Kihei $690,000 Kula/Ulu/Kan
Maalaea
Kula/Ulu/Kan
Maalaea
1
$525,000
$1,300,000
2
$0
$800,000
Makawao/Olin/Hali
1
1
$900,000
$145,000
Maui Meadows
0
0
$0
$0
Molokai
1
0
$150,000
$0
$2,000,000 267,375 Lanai $251,000 240,750 Maalaea
$0 Molokai $339,900 Nahiku
Nahiku
$732,500 Nap/Kah/Hono
Olowalu
5 0
24
24
$370,000 292,500 Nap/Kah/Hono
Olowalu
Olowalu
0
2
$0
$927,500
Pukalani
3
4
$370,000
$438,750 Pukalani
Pukalani
2
1
522,500
$950,000
Sprecks/Paia/Kuau
1
3
$800,000
$580,000 Sprecks/Paia/Kuau
Sprecks/Paia/Kuau
1
1
395,000
$250,000
Wailea/Makena
1
4
1,900,000
MAUI SUMMARY
76
84
$512,500
22
29
$370,000
$340,000
$5,227,500 Wailea/Makena $508,000 MAUI SUMMARY
12
15
116
142
$1,325,000 672,500 Wailea/Makena $365,000 376,000 MAUI SUMMARY
AS OF JANUARY 10, 2014 Active/Pending/Contingent Sales Inventory: HOMES CONDOS LAND
JAN ’14
DEC ‘13
NOV
OCT
SEPT
AUG
JULY
JUNE
MAY
APRIL
MAR
FEB
JAN ‘13
659 847 396
641 826 400
618 773 405
600 744 398
582 756 399
610 785 387
591 788 397
603 805 398
623 860 405
653 934 408
645 964 427
628 984 426
644 929 425
Definition of 'Absorption Rate' The rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. (Investopedia)
*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 based on this month's Active inventory divided by OCTOBER sales is: DECEMBER Current Absorption Rate Residential - 8.7 months of active inventory Condo - 7.3 months of active inventory Land - 18 months of active inventory NOVEMBER Current Absorption Rate Residential - 8.7 months of active inventory Condo - 8.8 months of active inventory Land - 18.2 months of active inventory
2013 Year to Date Area Summary Report - SINGLE FAMILY SINGLE FAMILY YEAR TO DATE Kapalua Lanai Maui Meadows Sprecklesville/Paia/Kuau Central Haiku Molokai Pukalani Lahaina Olowalu Wailea/Makena Makawao/Olinda/Haliimaile Kula/Ulupalakua/Kanaio Kaanapali Kihei Hana Napili/Kahana/Honokowai Kahakuloa Kipahulu Nahiku Keanae MAUI SUMMARY
NUMBER OF SALES Current YTD Sales 12 32 28 32 300 79 11 57 52 1 27 57 73 22 151 8 35 2 0 0 1 980
Year Ago YTD 6 21 21 28 267 72 10 52 50 1 27 58 75 23 162 10 45 5 1 4 0 938
AVERAGE SALES PRICE
Changes Units % 6 11 7 4 33 7 1 5 2 0 0 -1 -2 -1 -11 -2 -10 -3 -1 -4 1 42
100% 52% 33% 14% 12% 10% 10% 10% 4% 0% 0% -2% -3% -4% -7% -20% -22% -60% -100% -100% N/A 4%
Hana Sprecklesville/Paia/Kuau Molokai Makawao/Olinda/Haliimaile Wailea/Makena Lanai Maui Meadows Kapalua Central Pukalani Kula/Ulupalakua/Kanaio Kihei Haiku Olowalu Lahaina Kaanapali Napili/Kahana/Honokowai Kahakuloa Kipahulu Nahiku Keanae MAUI SUMMARY
Current YTD Average $815,563 $1,105,422 $512,517 $588,525 $3,773,611 $515,372 $1,234,286 $3,656,076 $459,001 $547,009 $810,982 $651,086 $687,373 $1,175,000 $896,162 $1,406,841 $814,148 $413,150 $0 $0 $469,500 $782,764
Year Ago Percent YTD Change Average $508,490 60% $714,143 55% $392,490 31% $461,334 28% $3,049,486 24% $435,548 18% $1,045,762 18% $3,221,105 14% $418,554 10% $495,758 10% $755,595 7% $623,163 4% $674,967 2% $1,150,000 2% $913,637 -2% $1,530,680 -8% $919,976 -12% $767,560 -46% $1,166,000 -100% $274,775 -100% $0 N/A $705,571 11%
MEDIAN SALES PRICE
Wailea/Makena Hana Maui Meadows Sprecklesville/Paia/Kuau Molokai Lanai Napili/Kahana/Honokowai Kihei Makawao/Olinda/Haliimaile Lahaina Kapalua Central Kula/Ulupalakua/Kanaio Pukalani Olowalu Kaanapali Haiku Kahakuloa Kipahulu Nahiku Keanae MAUI SUMMARY
Current YTD Median $2,750,000 $723,250 $1,200,000 $625,000 $365,000 $320,000 $799,000 $580,000 $420,000 $606,250 $3,130,576 $415,630 $610,000 $515,000 $1,175,000 $1,172,500 $599,000 $413,150 $0 $0 $469,500 $530,000
Year Ago Percent YTD Change Median $1,365,000 101% $475,000 52% $815,000 47% $438,500 43% $255,000 43% $245,000 31% $632,000 26% $462,500 25% $337,500 24% $512,500 18% $2,880,000 9% $380,000 9% $565,000 8% $488,000 6% $1,150,000 2% $1,230,000 -5% $635,000 -6% $749,900 -45% $1,166,000 -100% $267,100 -100% $0 N/A $470,000 13%
SINGLE FAMILY
2013 Year to Date Area Summary Report -CONDOMINIUM CONDO YEAR TO DATE Sprecklesville/Paia/Kuau
NUMBER OF SALES Current Year Changes YTD Ago Units % Sales YTD 3 1 2 200%
Kaanapali
AVERAGE SALES PRICE Current Year Ago Percent YTD YTD Change Average Average $1,011,150 $642,003 57%
Kapalua
MEDIAN SALES PRICE Current Year Ago Percent YTD YTD Change Median Median $925,000 $575,000 61%
Central
175
117
58
50%
Molokai
$121,289
$81,000
50%
Kaanapali
Molokai
7
5
2
40%
Kapalua
$1,134,297
$805,833
41%
Wailea/Makena
$782,950
$499,900
57%
$1,110,000
$757,500
47%
Maalaea
62
53
9
17%
Wailea/Makena
$1,564,961
$1,201,996
30%
Napili/Kahana/Honokowai
$382,500
$299,000
28%
Lahaina
86
80
6
8%
Napili/Kahana/Honokowai
$394,655
$329,051
20%
Central
$246,000
$199,000
24%
Wailea/Makena
123
114
9
8%
Kihei
$384,002
$333,115
15%
Kihei
$316,500
$270,000
17%
Kihei
438
408
30
7%
Maalaea
$338,759
$300,411
13%
Maalaea
$322,500
$275,000
17%
Lanai
24
23
1
4%
Pukalani
$436,000
$387,500
13%
Pukalani
$450,000
$390,000
15%
Kaanapali
160
160
0
0%
Central
$236,634
$211,221
12%
Sprecklesville/Paia/Kuau
$294,000
$260,000
13%
Napili/Kahana/Honokowai
215
233
-18
-8%
Hana
$475,000
$456,250
4%
Molokai
$99,000
$90,000
10%
Pukalani
3
4
-1
-25%
Sprecklesville/Paia/Kuau
$263,000
$260,000
1%
Hana
$475,000
$460,000
3%
Kapalua
37
51
-14
-27%
Lahaina
$377,716
$382,798
-1%
Lahaina
$355,750
$365,100
-3%
Hana
1
4
-3
-75%
Lanai
$608,967
$852,620
-29%
Lanai
$97,000
$529,000
-82%
1334
1253
81
6%
MAUI SUMMARY
$571,380
$469,540
22%
MAUI SUMMARY
$374,500
$358,000
5%
MAUI SUMMARY
CONDOMINIUM
2013 Year to Date Area Summary Report - LAND LAND YEAR TO DATE Lanai Sprecklesville/Paia/Kuau Kahakuloa Pukalani Wailea/Makena Kihei Napili/Kahana/Honokowai Haiku Kula/Ulupalakua/Kanaio Kaanapali Molokai Kapalua Nahiku Lahaina Hana Central Makawao/Olinda/Haliimaile Olowalu Kipahulu Kaupo Maui Meadows MAUI SUMMARY
NUMBER OF SALES Current Year Changes YTD Ago Units % Sales YTD 4 1 3 300% 7 2 5 250% 6 2 4 200% 8 3 5 167% 13 5 8 160% 19 10 9 90% 5 3 2 67% 43 29 14 48% 17 13 4 31% 16 13 3 23% 13 11 2 18% 7 6 1 17% 1 1 0 0% 11 13 -2 -15% 3 4 -1 -25% 35 47 -12 -26% 5 9 -4 -44% 1 3 -2 -67% 0 1 -1 -100% 1 0 1 N/A 3 0 3 N/A 218 176 42 24%
Olowalu Kula/Ulupalakua/Kanaio Sprecklesville/Paia/Kuau Kahakuloa Napili/Kahana/Honokowai Lanai Kapalua Kaanapali Central Molokai Haiku Wailea/Makena Lahaina Kihei Nahiku Pukalani Hana Makawao/Olinda/Haliimaile Kipahulu Kaupo Maui Meadows MAUI SUMMARY
AVERAGE SALES PRICE Current Year Ago Percent YTD YTD Change Average Average $3,775,000 $810,000 366% $1,337,765 $819,692 63% $742,143 $465,000 60% $382,500 $241,250 59% $410,500 $270,950 52% $503,000 $350,000 44% $1,417,571 $982,500 44% $656,735 $474,577 38% $472,086 $342,209 38% $215,654 $163,091 32% $477,326 $413,261 16% $1,742,635 $1,768,980 -1% $779,000 $822,308 -5% $409,526 $493,250 -17% $220,000 $280,000 -21% $313,750 $470,000 -33% $176,000 $351,875 -50% $509,300 $1,543,000 -67% $0 $250,000 -100% $59,225 $0 N/A $516,667 $0 N/A $664,091 $564,148 18%
Olowalu Molokai Kaanapali Makawao/Olinda/Haliimaile Central Wailea/Makena Kapalua Lanai Kihei Pukalani Napili/Kahana/Honokowai Haiku Kahakuloa Lahaina Sprecklesville/Paia/Kuau Kula/Ulupalakua/Kanaio Nahiku Hana Kipahulu Kaupo Maui Meadows MAUI SUMMARY
MEDIAN SALES PRICE Current Year Ago Percent YTD YTD Change Median Median $3,775,000 $805,000 369% $132,000 $75,000 76% $716,931 $455,000 58% $450,000 $290,000 55% $249,000 $165,000 51% $1,225,000 $875,000 40% $1,098,000 $835,000 31% $445,000 $350,000 27% $320,000 $286,500 12% $260,000 $235,000 11% $282,500 $270,000 5% $385,000 $387,500 -1% $237,500 $241,250 -2% $784,000 $850,000 -8% $395,000 $465,000 -15% $525,000 $640,000 -18% $220,000 $280,000 -21% $175,000 $367,500 -52% $0 $250,000 -100% $59,225 $0 N/A $530,000 $0 N/A $399,500 $350,000 14%
TOTAL SALES FOR IMMEDIATE PAST 12 MONTHS 2013
2012 RESIDENTIAL
980 933 (18.8% REO or SS) (33.8% REO or SS) CONDO 1,334 (9.9% REO or SS)
1,248 (21.5% REO or SS)
LAND 224 (9.4% REO or SS)
173 (18.5% REO or SS)
REO - Real Estate Owned SS is Short Sale
LAND