MAUI STATISTICS
Reta Chin-Chiarella, VP Business Development
RChinChiarella@ortc.com Cell 808-268-6554
OCTOBER 2014
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
2014 2013 Units Units 28 8 0 0 0 10 6 4 2 4 0 0 3 8 4
2014 Median Price
28 8 1 1 1 12 5 7 1 3 4 1 2 2 4
$499,500 $567,500 $0 $0 $0 $706,950 $804,000 $530,000 $412,500 $441,500 $0 $0 $750,000 $602,500 $650,000
Wailea/Makena
3
2
$2,600,000
MAUI SUMMARY
80
82
$564,000
2013 Median Price $419,365 $635,000 $721,500 $1,300,000 $2,761,152 $457,500 $500,000 $880,000 $575,000 $572,000 $1,550,000 $585,000 $903,500 $875,000 $795,750
2014 2013
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
$1,300,000 Wailea/Makena $540,000 MAUI SUMMARY
18 11 3 31 0 0 5 4 16 0 -
2014 Median Price
2013 Median Price
LAND
12 12 2 35 4 3 7 2 11 1 -
$324,000 $271,500 Central Haiku Hana $1,000,000 $842,400 Kaanapali Kahakuloa $850,000 $1,120,000 Kapalua Kaupo Keanae $304,000 $265,000 Kihei Kipahulu Kula/Ulu/Kanaio $0 $271,500 Lahaina $0 $85,000 Lanai $575,000 $370,000 Maalaea Makawao/Olin/Halii Maui Meadows $85,500 $161,950 Molokai Nahiku $372,500 $255,000 Napili/Kah/Hono Olowalu $0 $450,000 Pukalani Sprecks/Paia/Kuau
6
9
$1,875,000 $1,000,000 Wailea/Makena
94
98
$407,000
$347,500 MAUI SUMMARY
2014 2013 Units Units 3 2 1 2 1 0 1 1 0 1 1 0 0
5 8 0 3 0 0 1 1 0 0 0 1 1
2014 Median Price
2013 Median Price
$267,500 $417,500 $115,000 $3,272,625 $345,000 $0 $660,000 $800,000 $0 $490,000 $147,000 $0 $0
$200,000 $380,500 $0 $522,500 $0 $0 $520,000 $500,000 $0 $0 $0 $225,000 $700,000
1
0
$850,000
$0
14
20
$467,500
$380,500
*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 November 7, 2014
OCT-2014
Oct-2013
8 months
7.6 months
CONDOMINIUM
9.5 months
7.6 months
LAND
28.6 months
17.6 months
RESIDENTIAL
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
957 (13.8%)
996 (20.7%)
CONDOMINIUM
1,222 (7.7%)
1,363 (10.3%)
190 (2%)
225 (15.6%)
LAND
2014 SINGLE FAMILY Year to Date Comparing 1/1/2014 thru 10/31/2014 with 1/1/2013 thru 10/31/2013 SINGLE FAMILY YEAR TO DATE Olowalu Kaanapali Kihei Wailea/Makena Makawao/Olin/Halii Central Pukalani Kula/Ulu/Kanaio Napili/Kah/Hono Haiku Lahaina Molokai 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 23 135 28 47 247 46 62 29 63 44 8 23 17 6 16 3 0 0 1 1 801
1 14 129 27 46 247 46 63 30 68 49 10 29 24 10 28 7 2 1 0 0 831
100% 64% 5% 4% 2% 0% 0% -2% -3% -7% -10% -20% -21% -29% -40% -43% -57% -100% -100% N/A N/A -4%
AVERAGE SALES PRICE Current YTD Average
Olowalu Lanai Sprecks/Paia/Kuau Napili/Kah/Hono Lahaina Kihei Kaanapali Maui Meadows Kula/Ulu/Kanaio Pukalani Haiku Kapalua Central Makawao/Olin/Halii Wailea/Makena Hana Molokai Kahakuloa Keanae Kipahulu Nahiku MAUI SUMMARY
$3,562,500 $1,011,875 $1,904,098 $1,174,100 $1,161,437 $795,110 $1,844,592 $1,543,488 $885,694 $627,162 $708,859 $3,666,167 $470,195 $564,755 $3,343,482 $428,333 $277,625 $0 $0 $500,000 $233,000 $897,905
Year Ago YTD Average
$1,175,000 $532,729 $1,070,293 $828,017 $876,590 $609,029 $1,456,429 $1,248,875 $748,459 $552,402 $679,684 $3,522,291 $463,959 $564,704 $3,518,056 $817,786 $537,269 $413,150 $469,500 $0 $0 $777,149
MEDIAN SALES PRICE Current YTD Average
Percent Change
203% 90% 78% 42% 32% 31% 27% 24% 18% 14% 4% 4% 1% 0% -5% -48% -48% -100% -100% N/A N/A 16%
Olowalu Lanai Sprecks/Paia/Kuau Kaanapali Kula/Ulu/Kanaio Lahaina Kapalua Makawao/Olin/Halii Kihei Haiku Pukalani Central Napili/Kah/Hono Maui Meadows Wailea/Makena Molokai Hana Kahakuloa Keanae Kipahulu Nahiku MAUI SUMMARY
Year Ago YTD Average
$3,562,500 $505,000 $865,000 $1,675,000 $807,500 $735,000 $3,800,000 $475,000 $596,000 $660,000 $567,500 $435,845 $750,000 $1,093,500 $2,354,000 $232,000 $367,000 $0 $0 $500,000 $233,000 $570,000
$1,175,000 $312,500 $589,000 $1,160,000 $595,000 $600,000 $3,130,576 $426,000 $535,000 $597,500 $527,000 $415,260 $811,000 $1,225,000 $2,750,000 $380,500 $721,500 $413,150 $469,500 $0 $0 $532,500
Percent Change
203% 62% 47% 44% 36% 23% 21% 12% 11% 10% 8% 5% -8% -11% -14% -39% -49% -100% -100% N/A N/A 7%
*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 $719,221,821 2013 $645,810,724 11%
SINGLE FAMILY
2014 CONDOMINIUM Year to Date Comparing 1/1/2014 thru 10/31/2014 with 1/1/2013 thru 10/31/2013
CONDO YEAR TO DATE
NUMBER OF SALES
AVERAGE SALES PRICE
Current YTD Sales
Year Ago YTD
Percent Change
Molokai Central Sprecks/Paia/Kuau Napili/Kah/Hono Kaanapali Kihei Kapalua Wailea/Makena Lahaina
15 135 3 180 136 338 31 82 49
7 134 3 181 142 366 34 97 77
114% 1% 0% -1% -4% -8% -9% -15% -36%
Sprecks/Paia/Kuau Lanai Kapalua Maalaea Central Lahaina Kaanapali Pukalani Wailea/Makena
Maalaea
31
52
-40%
Napili/Kah/Hono
$432,877
$390,229
11%
1 5 0 2 1008
3 20 1 0 1117
-67% -75% -100% N/A -10%
Kihei Molokai Hana Haiku MAUI SUMMARY
$390,249 $113,399 $0 $599,900 $640,999
$382,947 $121,289 $475,000 $0 $541,257
2% -7% -100% N/A 18%
Pukalani Lanai Hana Haiku MAUI SUMMARY
Current YTD Average
Year Ago YTD Average
MEDIAN SALES PRICE
$1,133,000 $263,000 $1,650,000 $413,510 $2,222,161 $1,145,853 $456,523 $340,876 $293,023 $229,932 $474,382 $381,182 $1,143,351 $980,612 $505,000 $436,000 $1,462,343 $1,299,062
Current YTD Median
Percent Change
331% 299% 94% 34% 27% 24% 17% 16% 13%
Lanai Kapalua Central Maalaea Lahaina Pukalani Kaanapali Napili/Kah/Hono Wailea/Makena
Year Ago YTD Median
Percent Change
$1,700,000 $1,200,000 $284,000 $385,000 $410,000 $505,000 $837,450 $403,375 $1,006,250
$96,000 $937,500 $233,750 $325,000 $359,000 $450,000 $767,400 $380,000 $998,750
1671% 28% 21% 18% 14% 12% 9% 6% 1%
Kihei
$315,000
$312,500
1%
Molokai Sprecks/Paia/Kuau Hana Haiku MAUI SUMMARY
$95,000 $279,000 $0 $599,900 $418,000
$99,000 $294,000 $475,000 $0 $375,000
-4% -5% -100% N/A 11%
*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 $646,126,751 2013 $604,583,515 7%
CONDOMINIUM
2014 LAND Year to Date Comparing 1/1/2014 thru 10/31/2014 with 1/1/2013 thru 10/31/2013 LAND YEAR TO DATE Hana Kaanapali Makawao/Olin/Halii Kihei Kula/Ulu/Kanaio Lahaina Maui Meadows Nahiku Olowalu Central Sprecks/Paia/Kuau Napili/Kah/Hono Kahakuloa Kapalua Pukalani Haiku Molokai Wailea/Makena Kaupo Lanai Keanae MAUI SUMMARY
NUMBER OF SALES Current YTD Sales
Year Ago YTD
Percent Change
10 21 7 14 14 12 2 1 1 21 4 3 2 3 3 16 5 5 0 0 1 145
2 12 4 12 12 11 2 1 1 24 6 5 4 6 6 34 11 12 1 4 0 170
400% 75% 75% 17% 17% 9% 0% 0% 0% -13% -33% -40% -50% -50% -50% -53% -55% -58% -100% -100% N/A -15%
AVERAGE SALES PRICE Current YTD Average
Makawao/Olin/Halii Kula/Ulu/Kanaio Kihei Lahaina Molokai Kahakuloa Kaanapali Sprecks/Paia/Kuau Kaupo Hana Lanai Haiku Kapalua Olowalu Keanae Pukalani Central Wailea/Makena Maui Meadows Napili/Kah/Hono Nahiku MAUI SUMMARY
$812,770 $972,500 $1,166,406 $2,075,000 $696,000 $686,071 $623,000 $931,167 $290,000 $338,229 $831,250 $227,500 $482,500 $416,500 $1,165,000 $101,000 $556,679 $805,000 $0 $0 $1,000,000 $710,859
MEDIAN SALES PRICE
Year Ago YTD Average
Percent Change
$137,500 $227,500 $625,449 $1,203,833 $410,500 $411,625 $507,794 $779,000 $244,167 $292,047 $800,000 $220,000 $510,000 $449,083 $1,471,188 $232,136 $1,636,000 $3,775,000 $59,225 $503,000 $0 $653,150
491% 327% 86% 72% 70% 67% 23% 20% 19% 16% 4% 3% -5% -7% -21% -56% -66% -79% -100% -100% N/A 9%
Current YTD Median
Kahakuloa Hana Kapalua Napili/Kah/Hono Sprecks/Paia/Kuau Haiku Kula/Ulu/Kanaio Central Kihei Nahiku Wailea/Makena Kaanapali Maui Meadows Molokai Lahaina Makawao/Olin/Halii Pukalani Olowalu Kaupo Lanai Keanae MAUI SUMMARY
Year Ago YTD Median
Percent Change
$972,500 $230,000 $367,500 $137,500 $2,550,000 $974,000 $725,000 $282,500 $737,500 $522,500 $495,000 $400,000 $655,000 $530,000 $267,500 $228,500 $323,500 $312,500 $227,500 $220,000 $1,160,000 $1,150,000 $610,000 $635,000 $482,500 $510,000 $123,000 $132,000 $707,500 $784,000 $400,000 $445,000 $230,000 $260,000 $805,000 $3,775,000 $0 $59,225 $0 $445,000 $1,000,000 $0 $510,000 $399,500
323% 167% 162% 157% 41% 24% 24% 17% 4% 3% 1% -4% -5% -7% -10% -10% -12% -79% -100% -100% N/A 28%
*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 $103,074,530 2013 $111,035,506
-7%
LAND