Maui Real Estate Report ~ January 2015

Jeannie Kong REALTOR® (S) 808-276-1832 Heleena Oliveira REA:TOR® (S) 808-280-1951 PATRICK KILBRIDE MELISSA SALVADOR Email: Info@LivingOnMaui.com Sr. Account Executive Account Executive Website: www.LivingOnMauiNow.com

Maui Real Estate Advisors, LLC 161 Wailea Ike Place A-102 Wailea, Maui, HI 96753

MAUI STATISTICS JANUARY 2015

SINGLE FAMILY RESIDENCE

2015 Units

2014 Units

2015

Central

23

14

$507,500

$405,698

Haiku

4

4

$650,500

Hana

2

0

$374,950

Median Price

2014

PKilbride@ortc.com Cell 808-264-42089

2015 Units

2014 Units

Central

11

9

$290,000

$72,500

$627,500

Haiku

-

-

-

$0

Hana

-

-

-

Kaanapali

6

10

$781,250

Kapalua

1

1

$660,000

34

32

$331,250

$400,000

-

-

-

-

Median Price

Kaanapali

4

2

1,437,500

2,082,500

Kapalua

0

0

$0

$0

CONDOMINIUM

2015

Median Price

2014

MSalvador@ortc.com Cell 808-205-1273

2015 Units

2014 Units

2015

Central

4

2

$415,000

-

Haiku

0

1

$0

$370,000

-

Hana

0

1

$0

$4,587,999

$1,157,500

Kaanapali

1

1

$600,000

$500,000

$1,412,500

Kapalua

-

-

-

-

Kihei

0

2

$0

$635,000

Kipahulu

-

-

-

-

LAND

Median Price

Median Price

2014

Median Price

$245,000

Kihei

17

12

$680,000

$585,000

Kipahulu

0

0

$0

$0

Kula/Ulu/Kanao

6

5

$835,000

$875,000

Kula/Ulu/Kanao

-

-

-

-

Kula/Ulu/Kanao

2

1

$512,500

$549,000

Lahaina

3

5

2,200,000

1,187,500

Lahaina

8

5

$424,210

$490,000

Lahaina

1

0

$1,325,000

$0

Lanai

3

2

$417,000

3,220,000

Lanai

0

2

$0

$1,725,000

Lanai

-

-

-

-

Maalaea

-

-

-

-

Maalaea

2

3

$338,250

$570,000

Maalaea

-

-

-

-

Makawao/Olin/Halii

2

4

$435,000

$543,125

Makawao/Olin/Halii

-

-

-

-

Makawao/Olin/Halii

1

1

$2,500,000

$352,500

Maui Meadows

2

1

$937,500

1,300,000

Maui Meadows

-

-

-

-

Maui Meadows

-

-

-

-

Molokai

1

1

$135,000

$250,000

Molokai

4

1

$64,500

$222,500

Molokai

-

-

-

-

Nahiku

1

0

$265,000

$0

Nahiku

-

-

-

-

Nahiku

0

1

$0

$227,500

Napili/Kah/Hono

0

2

$0

$681,500

Olowalu

0

0

$0

$0

Kihei Kipahulu

Napili/Kah/Hono

2

2

$875,000

$587,450

Napili/Kah/Hono

9

23

$440,000

$357,500

Olowalu

0

1

$0

1,425,000

Olowalu

-

-

-

-

Pukalani

2

4

$471,750

$756,500

Pukalani

-

-

-

-

Pukalani

1

0

$1,600,000

$0

Sprecks/Paia/Kuau

1

2

$849,000

5,975,000

Sprecks/Paia/Kuau

1

0

$1,748,500

$0

Sprecks/Paia/Kuau

-

-

-

-

Wailea/Makena

2

6

1,227,500

2,250,000

Wailea/Makena

SUMMARY

75

65

$577,000

$695,000

SUMMARY

7

8

$625,000

$860,000

Wailea/Makena

1

1

$700,000

$1,160,000

83

94

$378,000

$441,000

SUMMARY

11

13

$700,000

$370,000

CURRENT ABSORPTION RATE Homes

882

912

899

686

685

696

682

404

399

Apr-14

May-14

402

Feb-14

413

Mar-14

856

854 666 405

Jun-14

Condo

868

900

871

858

890

688

675

674

646

641

406

414

407

399

401

Jul-14

Aug-14

Sep-14

Oct-14

Nov-14

Land

963

977

676

672

397

Dec-14

393

Jan.

JANUARY 2015 1,049

716 392

Feb.‘15

Active Sales Inventory As of 2/9/2015

*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.

JANUARY 2014

RESIDENTIAL

9.5 months

10 months

CONDOMINIUM

12.6 months

16.4 months

LAND

335.6 months 60.8 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)

JANUARY 2015

JANUARY 2014

RESIDENTIAL

953 (12.6%)

951 (32.7%)

CONDOMINIUM

1,190 (8%)

1,221 (20.1%)

164 (3%)

225 (15.6%)

LAND

SINGLE FAMILY RESIDENCE Year-to-Date Data Comparing 1/1/2015 thru 1/31/2015 with 1/1/2014 thru 1/31/2014 AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales Kaanapali Maui Meadows Central Lanai Kihei Kula/Ulu/Kanao Haiku Molokai Napili/Kah/Hono Lahaina Makawao/Olin/Halii Pukalani Sprecks/Paia/Kuau Wailea/Makena Olowalu Hana Kapalua Kipahulu Nahiku

Kipahulu Nahiku MAUI SUMMARY

4 2 23 3 17 6 4 1 2 3 2 2 1 2 0 2 0 0 1 1 1 75

Year Ago YTD 2 1 14 2 12 5 4 1 2 5 4 4 2 6 1 0 0 0 0 0 0 65

Current YTD Sales

Percent Change 100% 100% 64% 50% 42% 20% 0% 0% 0% -40% -50% -50% -50% -67% -100% N/A N/A N/A N/A N/A N/A 15%

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

Kipahulu Nahiku MAUI SUMMARY

$2,233,333 $875,000 $503,259 $619,250 $883,333 $435,000 $1,643,750 $937,500 $746,588 $135,000 $471,750 $1,227,500 $464,667 $849,000 $0 $374,950 $0 $0 $265,000 $500,000 $233,000 $754,738

2015 vs 2014

20

Percent Change

$1,030,200 $587,450 $407,957 $638,750 $1,013,000 $520,313 $2,082,500 $1,300,000 $1,245,158 $250,000 $1,122,625 $3,777,083 $3,220,000 $5,975,000 $1,425,000 $0 $0 $0 $0 $0 $0 $1,374,822

117% 49% 23% -3% -13% -16% -21% -28% -40% -46% -58% -68% -86% -86% -100% N/A N/A N/A N/A N/A N/A -45%

Current YTD Sales Lahaina Napili/Kah/Hono Central Kihei Haiku Kula/Ulu/Kanao Makawao/Olin/Halii Maui Meadows Kaanapali Pukalani Wailea/Makena Molokai Sprecks/Paia/Kuau Lanai Olowalu Hana Kapalua Kipahulu Nahiku

Kipahulu Nahiku MAUI SUMMARY

Single Family Residence Sales Volume YTD 2015 vs 2014

Single Family Residence Unit Sales YTD

25

MEDIAN SALES PRICE Year Ago YTD

2015

2014

$24,000,000 $22,000,000

$2,200,000 $875,000 $507,500 $680,000 $650,500 $835,000 $435,000 $937,500 $1,437,500 $471,750 $1,227,500 $135,000 $849,000 $417,000 $0 $374,950 $0 $0 $265,000 $500,000 $233,000 $577,000

Year Ago YTD $1,187,500 $587,450 $405,698 $585,000 $627,500 $875,000 $543,125 $1,300,000 $2,082,500 $756,500 $2,250,000 $250,000 $5,975,000 $3,220,000 $1,425,000 $0 $0 $0 $0 $0 $0 $695,000

Percent Change 85% 49% 25% 16% 4% -5% -20% -28% -31% -38% -45% -46% -86% -87% -100% N/A N/A N/A N/A N/A N/A -17%

Total Top Dollar Volume 2015 2014 Percent Change $56,605,365 $89,363,445 -37% 2015

2014

$20,000,000 $18,000,000 $16,000,000

15

$14,000,000 $12,000,000

10 5 0

$10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0

*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

CONDOMINIUM Year-to-Date Data Comparing 1/1/2015 thru 1/31/2015 with 1/1/2014 thru 1/31/2014 MEDIAN SALES PRICE

AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Current YTD Sales

Percent Change

Year Ago YTD

Percent Change

Current YTD Sales

Year Ago YTD

Percent Change

Molokai

4

1

300%

Central

$240,082

$120,556

99%

Central

$290,000

$72,500

300%

Lahaina

8

5

60%

Napili/Kah/Hono

$412,144

$370,500

11%

Napili/Kah/Hono

$440,000

$357,500

23%

Central

11

9

22%

Kaanapali

$1,241,983

$1,244,900

0%

Lahaina

$424,210

$490,000

-13%

Kihei

34

32

6%

Wailea/Makena

$1,232,464

$1,283,750

-4%

Kihei

$331,250

$400,000

-17%

Kapalua

1

1

0%

Kihei

$409,206

$464,231

-12%

Wailea/Makena

$625,000

$860,000

-27%

Wailea/Makena

7

8

-13%

Maalaea

$338,250

$501,667

-33%

Kaanapali

$781,250

$1,157,500

-33%

Maalaea

2

3

-33%

Lahaina

$459,696

$858,800

-46%

Maalaea

$338,250

$570,000

-41%

Kaanapali

6

10

-40%

Kapalua

$660,000

$1,412,500

-53%

Kapalua

$660,000

$1,412,500

-53%

Napili/Kah/Hono

9

23

-61%

Molokai

$79,875

$222,500

-64%

Molokai

$64,500

$222,500

-71%

Lanai

0

2

-100%

Lanai

$0

$1,725,000

-100%

Lanai

$0

$1,725,000

-100%

Haiku

0

0

N/A

Haiku

$0

$0

N/A

Haiku

$0

$0

N/A

Hana

0

0

N/A

Hana

$0

$0

N/A

Hana

$0

$0

N/A

Pukalani

0

0

N/A

Pukalani

$0

$0

N/A

Pukalani

$0

$0

N/A

Sprecks/Paia/Kuau

1

0

N/A

Sprecks/Paia/Kuau

$1,748,500

$0

N/A

Sprecks/Paia/Kuau

$1,748,500

$0

N/A

1077

1213

-11%

MAUI SUMMARY

$523,186

$617,712

-15%

MAUI SUMMARY

$378,000

$441,000

-14%

MAUI SUMMARY

Condominium Sales Volume YTD 2015 vs 2014

Condominium Unit Sales YTD 2015 vs 2014

40 35 30 25 20 15

2015

2014

$15,000,000

Total Top Dollar Volume 2015 2014 Percent Change $43,424,420 $58,064,901 -25%

2015

2014

$12,500,000 $10,000,000 $7,500,000 $5,000,000

10 5 0

$2,500,000 $0

*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.

CONDOMINIUM

LAND Year-to-Date Data Comparing 1/1/2015 thru 1/31/2015 with 1/1/2014 thru 1/31/2014 AVERAGE SALES PRICE

NUMBER OF SALES Current YTD Sales Central Kula/Ulu/Kanao Kaanapali Makawao/Olin/Halii Wailea/Makena Haiku Hana Kihei Nahiku Napili/Kah/Hono Kahakuloa Kapalua Keanae Lahaina Maui Meadows Molokai Olowalu Pukalani Sprecks/Paia/Kuau

MAUI SUMMARY

4 2 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 11

Year Ago YTD 2 1 1 1 1 1 1 2 1 2 0 0 0 0 0 0 0 0 0 13

Current YTD Sales

Percent Change 100% 100% 0% 0% 0% -100% -100% -100% -100% -100% N/A N/A N/A N/A N/A N/A N/A N/A N/A -15%

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

MAUI SUMMARY

$2,500,000 $443,613 $600,000 $512,500 $700,000 $0 $0 $0 $0 $0 $0 $0 $0 $1,325,000 $0 $0 $0 $1,600,000 $0 $712,984

Land Sales YTD

4 3 2 1 0

Percent Change

$352,500 $245,000 $500,000 $549,000 $1,160,000 $370,000 $4,587,999 $635,000 $227,500 $681,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $653,481

609% 81% 20% -7% -40% -100% -100% -100% -100% -100% N/A N/A N/A N/A N/A N/A N/A N/A N/A 9%

Current YTD Sales Makawao/Olin/Halii Central Kaanapali Kula/Ulu/Kanao Wailea/Makena Haiku Hana Kihei Nahiku Napili/Kah/Hono Kahakuloa Kapalua Keanae Lahaina Maui Meadows Molokai Olowalu Pukalani Sprecks/Paia/Kuau

MAUI SUMMARY

Land Sales Volume YTD 2015 vs 2014

2015 vs 2014 5

MEDIAN SALES PRICE Year Ago YTD

2015

2014

$3,000,000

$2,500,000 $415,000 $600,000 $512,500 $700,000 $0 $0 $0 $0 $0 $0 $0 $0 $1,325,000 $0 $0 $0 $1,600,000 $0 $507,105

Year Ago YTD $352,500 $245,000 $500,000 $549,000 $1,160,000 $370,000 $4,587,999 $635,000 $227,500 $681,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $400,000

Percent Change 609% 69% 20% -7% -40% -100% -100% -100% -100% -100% N/A N/A N/A N/A N/A N/A N/A N/A N/A 27%

Total Top Dollar Volume 2015 2014 Percent Change $9,524,450 $10,869,999 -12

2015

2014

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

*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.

LAND