Maui Real Estate Report~ December 2014 and Year End 2014

Page 1

Search for Maui Real Estate at: www.LivingOnMaui.com

Jeannie Kong REALTOR ® (S) 808.276.1832

MAUI STATISTICS

Heleena Oliveria REALTOR® (S) 808.280.1951 email: info@LivingOnMaui.com

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 21 6 1 1 11 1 5 2 1 3 2 1 3 3 0 2 63

22 7 4 1 17 0 7 0 2 7 2 1 2 3 1 2 78

DECEMBER 2014

2014 Median Price $478,000 $704,500 $1,575,000 $2,200,000 $575,000 $2,000,000 $599,000 $603,750 $325,000 $470,000 $1,026,050 $85,000 $710,000 $600,000 $0 $1,407,500 $565,000

2013 Median Price $409,110 $510,000 $1,091,250 $6,050,000 $742,000 $0 $750,000 $0 $370,250 $400,000 $1,056,000 $265,000 $992,500 $370,000 $800,000 $7,000,000 $512,500

2014

2013

16 0 10 2 49 15 1 3 20 0 1 5 122

23 0 8 2 37 4 3 5 26 0 0 12 120

CONDOMINIUM Units Units 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 Median Price $222,500 $0 $832,500 $842,500 $339,000 $485,000 $2,625,000 $470,000 $379,000 $0 $301,000 $1,040,000 $387,500

Patrick Kilbride

Melissa Salvador

PKilbride@ortc.com Cell 808-264-4289

MSalvador@ortc.com Cell 808-205-1273

Sr. Account Executive

2013 Median Price $250,000 $0 $1,497,500 $695,000 $365,000 $280,000 $2,000,000 $251,000 $365,000 $0 $0 $1,325,000 $365,000

LAND 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

Account Executive

2014 2013 Units Units 1 3 0 4 0 0 1 1 0 1 0 0 1 12

2 2 1 1 1 5 6 1 1 0 2 1 0 23

2014 Median Price

2013 Median Price

$350,000 $1,975,000 $625,000 $337,500 $0 $253,000 $540,100 $740,000 $0 $285,000 $0 $325,000 $700,000 $670,000 $675,000 $900,000 $0 $150,000 $702,000 $0 $0 $522,500 $0 $395,000 $1,550,000 $0 $650,000 $390,000

*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 January 8, 2014 RESIDENTIAL CONDOMINIUM LAND

DEC-2014

Dec-2013

10.6 months

8.7 months

8 months

7.3 months

32.8 months

18 months

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

941 (12.9%)

980 (18.8%)

CONDOMINIUM

1,197 (7.9%)

1,334 (9.9%)

166 (2.4%)

224 (9.4%)

LAND


2014 SINGLE FAMILY Year to Date Comparing 1/1/2014 thru 12/31/2014 with 1/1/2013 thru 12/31/2013 SINGLE FAMILY YEAR TO DATE Olowalu Kaanapali Wailea/Makena Kihei Kula/Ulu/Kanaio Lahaina Molokai Central Napili/Kah/Hono Makawao/Olin/Halii Pukalani Haiku Sprecks/Paia/Kuau Maui Meadows Kapalua Lanai Hana Kahakuloa Keanae Kipahulu Nahiku MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Percent Change

2 27 32 155 74 52 11 301 34 54 54 73 23 20 7 18 3 0 0 2 1 943

1 22 29 152 73 52 11 304 35 57 57 80 28 28 12 32 8 2 1 0 0 984

100% 23% 10% 2% 1% 0% 0% -1% -3% -5% -5% -9% -18% -29% -42% -44% -63% -100% -100% N/A N/A -4%

AVERAGE SALES PRICE Current YTD Average

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

$3,562,500 $938,333 $1,913,337 $1,154,263 $1,782,245 $1,118,283 $784,307 $1,477,370 $632,119 $876,480 $485,245 $708,542 $577,806 $3,456,714 $3,089,141 $428,333 $256,545 $0 $0 $1,250,000 $233,000 $872,238

Year Ago YTD Average

MEDIAN SALES PRICE Current YTD Average

Percent Change

$1,175,000 203% $515,372 82% $1,192,982 60% $814,148 42% $1,406,841 27% $896,162 25% $650,223 21% $1,234,286 20% $547,009 16% $810,982 8% $459,442 6% $681,969 4% $588,525 -2% $3,656,076 -5% $3,758,190 -18% $815,563 -47% $512,517 -50% $413,150 -100% $469,500 -100% $0 N/A $0 N/A $787,585 11%

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

Year Ago YTD Average

$3,562,500 $465,000 $1,600,000 $785,000 $743,750 $875,000 $472,500 $576,250 $650,000 $445,000 $3,250,000 $599,000 $750,000 $1,072,800 $1,892,250 $224,000 $367,000 $0 $0 $1,250,000 $233,000 $570,000

Percent Change

$1,175,000 203% $320,000 45% $1,172,500 36% $610,000 29% $606,250 23% $731,000 20% $420,000 13% $515,000 12% $597,500 9% $416,040 7% $3,130,576 4% $574,500 4% $799,000 -6% $1,200,000 -11% $2,750,000 -31% $365,000 -39% $723,250 -49% $413,150 -100% $469,500 -100% $0 N/A $0 N/A $530,000 8%

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

Total Dollar Volume 2014 $822,520,160 2013 $774,983,738 6%

SINGLE FAMILY


2014 CONDOMINIUM Year to Date Comparing 1/1/2014 thru 12/31/2014 with 1/1/2013 thru 12/31/2013 CONDO YEAR TO DATE

NUMBER OF SALES

AVERAGE SALES PRICE

MEDIAN SALES PRICE

Current YTD Sales

Year Ago YTD Sales

Percent Change

Molokai Sprecks/Paia/Kuau

15 4

7 3

114% 33%

Hana Kapalua Napili/Kah/Hono

1 35 208

1 37 218

0% -5% -5%

Central Kaanapali Kihei

163 151 411

173 160 438

Lahaina

72

Wailea/Makena Pukalani Maalaea

92 2 36

Lanai

6

24

-75%

Hana

$419,000

$475,000

-12%

Hana

$419,000

$475,000

Haiku

3

0

N/A

Haiku

$541,600

$0

N/A

Haiku

$599,900

$0

N/A

1199

1333

-10%

$628,668

$568,945

10%

MAUI SUMMARY

$415,000

$373,000

11%

MAUI SUMMARY

Current YTD Average

Year Ago YTD Average

Lanai

$925,000 $1,812,500

$263,000 $608,967

252% 198%

Lanai Kapalua

Kapalua Maalaea Central

$2,285,914 $1,134,297 $449,506 $338,759 $287,607 $235,352

102% 33% 22%

-6% -6% -6%

Lahaina Pukalani Kaanapali

$450,032 $373,042 $502,500 $436,000 $1,140,418 $1,011,150

85

-15%

Napili/Kah/Hono

122 3 62

-25% -33% -42%

Kihei Molokai Wailea/Makena

Sprecks/Paia/Kuau

Year Ago YTD Median

Percent Change

$1,725,000 $1,200,000

$97,000 $925,000

1678% 30%

Lahaina Maalaea Central

$420,000 $385,000 $280,000

$352,500 $322,500 $245,000

19% 19% 14%

21% 15% 13%

Pukalani Kaanapali Napili/Kah/Hono

$502,500 $850,000 $399,500

$450,000 $782,950 $380,000

12% 9% 5%

$393,674

8%

$316,500

1%

5% -7% -7%

Kihei Sprecks/Paia/Kuau

$320,000

$401,797 $384,192 $113,399 $121,289 $1,445,799 $1,549,920

$290,000 $294,000 $95,000 $99,000 $1,021,250 $1,105,000

-1% -4% -8%

$426,062

MAUI SUMMARY

Current YTD Median

Percent Change

Molokai Wailea/Makena

-12%

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

Total Dollar Volume 2014 $753,772,368 2013 $758,403,883 -1%

CONDOMINIUM


2014 LAND Year to Date Comparing 1/1/2014 thru 12/31/2014 with 1/1/2013 thru 12/31/2013 LAND YEAR TO DATE Hana Makawao/Olin/Halii Olowalu Kaanapali Lahaina Nahiku Kula/Ulu/Kanaio Kihei Central Maui Meadows Napili/Kah/Hono Sprecks/Paia/Kuau Wailea/Makena Haiku Kapalua Molokai Pukalani Kahakuloa Kaupo Lanai Keanae MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Percent Change

10 11 2 27 12 1 16 14 26 2 3 3 7 19 3 5 3 2 0 0 1 167

3 5 1 16 11 1 18 19 36 3 5 5 12 43 7 12 8 6 1 4 0 216

233% 120% 100% 69% 9% 0% -11% -26% -28% -33% -40% -40% -42% -56% -57% -58% -63% -67% -100% -100% N/A -23%

AVERAGE SALES PRICE Current YTD Average

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

$812,770 $972,500 $696,000 $1,060,276 $2,075,000 $690,053 $931,167 $567,045 $925,000 $1,553,571 $227,500 $416,500 $482,500 $290,000 $349,069 $101,000 $566,156 $753,500 $0 $0 $1,000,000 $719,913

Year Ago YTD Average

$176,000 $382,500 $410,500 $656,735 $1,417,571 $477,326 $779,000 $509,300 $844,000 $1,471,188 $220,000 $409,526 $516,667 $313,750 $478,000 $225,292 $2,130,111 $3,775,000 $59,225 $503,000 $0 $717,508

MEDIAN SALES PRICE Current YTD Median

Percent Change

362% 154% 70% 61% 46% 45% 20% 11% 10% 6% 3% 2% -7% -8% -27% -55% -73% -80% -100% -100% N/A 0%

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

$972,500 $725,000 $2,550,000 $900,000 $367,500 $1,550,000 $500,000 $655,000 $275,500 $227,500 $323,500 $482,500 $707,500 $230,000 $123,000 $610,000 $352,500 $753,500 $0 $0 $1,000,000 $525,000

Year Ago YTD Median

Percent Change

$237,500 $282,500 $1,098,000 $395,000 $175,000 $1,150,000 $385,000 $532,500 $252,000 $220,000 $320,000 $530,000 $784,000 $260,000 $141,000 $716,931 $450,000 $3,775,000 $59,225 $445,000 $0 $400,000

309% 157% 132% 128% 110% 35% 30% 23% 9% 3% 1% -9% -10% -12% -13% -15% -22% -80% -100% -100% N/A 31%

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

Total Dollar Volume 2014 $120,225,455 2013 $154,981,747 -22%

LAND


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