Maui Real Estate Report- May 2014

Jeannie Kong REALTOR®(S) 808-276-1832 Reta Chin-Chiarella, VP Development Heleena Oliveira Business REALTOR®(S) RChinChiarella@ortc.com 808-280-1951

MAUI STATISTICS MAY 2014 RESIDENTIAL Central

38

2014 Median Price $429,000

2013 2014 2013 Median CONDOMINIUM Units Units Price $451,700 Central 11 12

2014 2013 Units Units 29

Cell 808-268-6554

2014 Median Price $330,000

Haiku

5

8

$785,000

$508,500 Haiku

-

-

Hana

0

2

$0

$709,000 Hana

0

0

$0

Kaanapali

1

2

$3,035,000

27

19

$1,075,000

Kahakuloa

-

-

-

-

-

-

Kapalua

0

4

3

2

$1,725,000

Kihei

18

12

$517,125

33

47

$310,000

Kula/Ulu/Kan

7

6

$1,175,000

$519,500 Kula/Ulu/Kan

-

-

Lahaina

5

6

$1,550,000

$542,250 Lahaina

8

15

$460,000

Lanai

0

2

$222,500 Lanai

0

1

$0

Maalaea

-

-

0

8

$0

Makawao/Olin/Halii

7

5

$600,000

Maui Meadows

1

4

$3,000,000

Molokai

1

2

$224,000

$0

$0 -

0

0

$0

Napili/Kah/Hono

5

3

$600,000

Olowalu

-

-

-

4

7

$547,500

Sprecks/Paia/Kuau

0

3

$0 $2,467,500

2

5

MAUI SUMMARY

85

109

$568,500 Kihei

$540,000

Maalaea

$675,000 Makawao/Olin/Halii $1,400,000 Maui Meadows $858,900 Molokai $0 Nahiku $662,000 Napili/Kah/Hono -

Pukalani

Kahakuloa

$2,975,000 Kapalua

-

Nahiku

Wailea/Makena

$1,315,000 Kaanapali

Olowalu

-

-

-

3

2

2014 Median Price $218,000

2013 Median Price $223,875

Haiku

2

3

$875,000

$400,000

1

1

$1,000,000

$175,000

$700,000 Kaanapali

3

2

$577,866

$608,263

1

1

$1,600,000

$235,000

$639,500 Kapalua

0

1

$0

$1,098,000

$364,000 Kihei

5

2

$320,000

$280,000

2

1

$807,000

$1,800,000

2

0

$987,500

$0

0

1

$0

$140,000

-

-

-

-

-

Kahakuloa

Kula/Ulu/Kan

$370,835 Lahaina $1,500,000 Lanai $327,500 Maalaea

-

-

-

-

Makawao/Olin/Halii

-

-

-

-

-

-

-

-

Maui Meadows

-

-

-

-

0

0

0

1

-

-

23

19

-

-

$0 $463,000 -

-

-

$750,000 Sprecks/Paia/Kuau

1

1

$279,000

10

14

$1,325,000

116

139

$476,000

$549,000 MAUI SUMMARY

2014 2013 Units Units

$475,000 Hana -

$549,000 Pukalani $4,000,000 Wailea/Makena

2013 Median LAND Price $270,000 Central

-

$0 Molokai -

Nahiku

$395,000 Napili/Kah/Hono

$0

$95,000

0

1

$0

$220,000

0

2

$0

$260,000

0

1

$0

$3,775,000

-

Olowalu

-

Pukalani

0

0

$0

$0

$295,000 Sprecks/Paia/Kuau

1

0

$575,000

$0

$0

$1,225,000

$575,000

$267,500

$960,000 Wailea/Makena

0

1

$380,000 MAUI SUMMARY

20

19*

*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 MAY-2014 RESIDENTIAL 7.8 mo CONDOMINIUM 7.4 mo LAND

20.5 mo.

May-2013 5.7 mo 5.8 mo 22.1 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 948 (14.8%) 1,351 (9%) 217 (7.4%)

2013 976 (27.6%) 1,255 (15%) 187 (15.5%)

2014 SINGLE FAMILY Year to Date

Comparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013 SINGLE FAMILY YEAR TO DATE Makawao/Olin/Halii Kihei Lahaina Kula/Ulu/Kan Hana Kaanapali Wailea/Makena Central Kapalua Haiku Sprecks/Paia/Kuau Lanai Napili/Kah/Hono Maui Meadows Molokai Pukalani Kahakuloa Keanae Nahiku Olowalu MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

23 73 20 25 2 9 15 105 5 26 11 9 11 7 4 16 0 0 1 1 363

Year Ago YTD

16 66 19 24 2 9 16 117 6 33 14 12 15 12 7 29 0 0 0 0 397

Percent Change

44% 11% 5% 4% 0% 0% -6% -10% -17% -21% -21% -25% -27% -42% -43% -45% N/A N/A N/A N/A -9%

MEDIAN SALES PRICE

AVERAGE SALES PRICE Current YTD Average

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

$2,774,318 $2,227,186 $1,105,000 $1,295,625 $1,213,627 $965,851 $667,344 $807,352 $857,750 $2,055,902 $451,153 $553,424 $3,419,400 $3,318,033 $459,000 $277,250 $0 $0 $233,000 $1,425,000 $993,203

Year Ago YTD Average

$1,219,750 $1,161,917 $597,292 $730,937 $745,300 $713,646 $509,931 $627,889 $679,744 $1,659,444 $456,347 $564,494 $3,882,500 $3,959,219 $709,000 $493,813 $0 $0 $0 $0 $825,992

Current YTD Median

Percent Change

127% 92% 85% 77% 63% 35% 31% 29% 26% 24% -1% -2% -12% -16% -35% -44% N/A N/A N/A N/A 20%

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

Year Ago YTD Median

$1,223,750 $1,375,000 $865,000 $440,000 $792,500 $561,250 $1,800,000 $596,000 $578,250 $3,250,000 $423,286 $690,000 $1,175,000 $237,000 $459,000 $2,108,000 $0 $0 $233,000 $1,425,000 $577,500

$550,000 $617,000 $565,000 $305,000 $600,000 $430,750 $1,500,000 $512,050 $508,000 $2,975,000 $407,938 $730,000 $1,325,000 $358,000 $709,000 $3,375,000 $0 $0 $0 $0 $530,000

Percent Change

123% 123% 53% 44% 32% 30% 20% 16% 14% 9% 4% -5% -11% -34% -35% -38% N/A N/A N/A N/A 9%

*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 $360,532,565 2013 $327,918,648 10%

SINGLE FAMILY

2014 CONDOMINIUM Year to Date

Comparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013 CONDO YEAR TO DATE Molokai Napili/Kah/Hono

NUMBER OF SALES Current YTD Sales

Year Ago YTD

AVERAGE SALES PRICE Current YTD Average

Percent Change

5

3

67%

Lanai

101

86

17%

Lahaina

Year Ago YTD Average

MEDIAN SALES PRICE Current YTD Average

Percent Change

$1,583,333

$494,588

220%

$582,452

$342,294

70%

Year Ago YTD Average

Percent Change

Lanai

$1,700,000

$97,375

1646%

Maalaea

$530,000

$322,500

64%

Central

67

58

16%

Maalaea

$540,458

$327,002

65%

Molokai

$140,000

$91,000

54%

Kaanapali

85

74

15%

Molokai

$156,498

$115,375

36%

Kapalua

$1,087,000

$795,000

37%

Kihei

196

179

9%

Wailea/Makena

$1,564,495

$1,190,754

31%

Lahaina

$450,000

$350,300

28%

Kapalua

16

15

7%

Kaanapali

$1,190,408

$924,542

29%

Kaanapali

$824,900

$687,450

20%

Wailea/Makena

43

56

-23%

Kapalua

$1,453,156

$1,124,767

29%

Wailea/Makena

$1,012,500

$877,000

15%

Lahaina

31

43

-28%

Central

$271,657

$232,682

17%

Central

$265,000

$244,250

8%

2

3

-33%

Napili/Kah/Hono

$437,235

$386,837

13%

Napili/Kah/Hono

$375,000

$347,500

8%

12

22

-45%

Kihei

$387,523

$367,995

5%

Kihei

$313,500

$320,000

-2%

Lanai

3

8

-63%

Sprecks/Paia/Kuau

$274,500

$263,000

4%

Sprecks/Paia/Kuau

$274,500

$294,000

-7%

Hana

0

1

-100%

$0

$475,000

-100%

Hana

$0

$475,000

-100%

0

0

N/A

Pukalani

Pukalani

$0

$0

N/A

561

548

2%

MAUI SUMMARY

MAUI SUMMARY

$420,000

$371,750

13%

Sprecks/Paia/Kuau Maalaea

Pukalani MAUI SUMMARY

Hana

$0

$0

N/A

$642,866

$533,000

21%

*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 $360,647,587 2013 $292,083,996 23%

CONDOMINIUM

2014 LAND Year to Date

Comparing 1/1/2014 thru 5/31/2014 with 1/1/2013 thru 5/31/2013 LAND YEAR TO DATE Hana Kaanapali Makawao/Olin/Halii Kula/Ulu/Kan Lahaina Central Kihei Nahiku Napili/Kah/Hono Wailea/Makena Haiku Kahakuloa Molokai Sprecks/Paia/Kuau Kapalua Lanai Maui Meadows Olowalu Kaupo Pukalani MAUI SUMMARY

NUMBER OF SALES Current YTD Average

6 16 3 11 7 8 9 1 2 4 6 1 2 1 1 0 0 0 0 1 79

Year Ago YTD Average

1 5 1 7 5 7 8 1 3 6 12 3 6 4 5 3 2 1 0 0 80

AVERAGE SALES PRICE Current YTD Average

Percent Change

500% 220% 200% 57% 40% 14% 13% 0% -33% -33% -50% -67% -67% -75% -80% -100% -100% -100% N/A N/A -1%

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

$1,206,167 $1,600,000 $681,500 $783,333 $1,053,429 $1,243,750 $227,500 $403,222 $610,476 $360,813 $1,075,000 $317,500 $575,000 $558,955 $87,500 $0 $0 $0 $0 $200,000 $669,438

Year Ago YTD Average

$175,000 $233,333 $323,333 $529,083 $767,800 $1,160,000 $220,000 $397,500 $641,077 $399,162 $1,274,600 $450,000 $980,000 $1,144,571 $192,750 $630,000 $510,000 $3,775,000 $0 $0 $687,363

MEDIAN SALES PRICE Current YTD Average

Percent Change

589% 586% 111% 48% 37% 7% 3% 1% -5% -10% -16% -29% -41% -51% -55% -100% -100% -100% N/A N/A -3%

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

Year Ago YTD Average

$1,600,000 $235,000 $480,000 $175,000 $681,500 $275,000 $560,000 $399,500 $1,355,000 $1,150,000 $675,000 $615,000 $320,000 $310,000 $227,500 $220,000 $246,500 $249,000 $1,075,000 $1,098,000 $730,000 $784,000 $575,000 $672,500 $576,933 $715,000 $352,500 $450,000 $87,500 $140,000 $0 $750,000 $0 $510,000 $0 $3,775,000 $0 $0 $200,000 $0 $512,000 $450,000

Percent Change

581% 174% 148% 40% 18% 10% 3% 3% -1% -2% -7% -14% -19% -22% -38% -100% -100% -100% 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.

Total Dollar Volume 2014 $52,885,615 2013 $54,989,021 -4%

Information is deemed reliable but not guaranteed. Information resourced from RAM MLS

LAND