Maui Real Estate Report~November 2014

Melissa Salvador

MAUI STATISTICS

Account Executive

MSalvador@ortc.com Cell 808-205-1273

NOVEMBER 2014

RESIDENTIAL

2014 Units

2013 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

29 4 0 3 0 8 7 6 1 3 1 2 1 5 2 2 74

31 5 1 4 1 6 3 3 2 4 2 0 3 8 2 0 75

2014 Median Price $476,000 $567,500 $0 $1,450,000 $0 $671,500 $795,000 $985,000 $375,000 $340,000 $1,256,000 $258,000 $1,350,000 $610,000 $625,000 $1,210,000 $587,500

2013 Median Price $425,688 $800,000 $800,000 $1,196,500 $2,600,000 $768,323 $1,500,000 $612,500 $417,500 $380,000 $1,237,500 $0 $450,800 $552,500 $1,767,500 $0 $515,000

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 Wailea/Makena MAUI SUMMARY

12 1 0 5 2 24 8 0 2 0 8 1 5 68

16 0 0 10 1 35 4 1 5 0 11 0 13 96

2014 2013 Median Median LAND Price Price $262,500 $286,250 Central $425,000 $0 Haiku $0 $0 Hana $860,000 $675,000 Kaanapali Kahakuloa $4,717,500 $1,620,000 Kapalua Kaupo Keanae $332,500 $305,000 Kihei Kipahulu Kula/Ulu/Kanaio $420,000 $305,750 Lahaina $0 $95,000 Lanai $350,000 $335,000 Maalaea Makawao/Olin/Halii Maui Meadows $0 $0 Molokai Nahiku $339,500 $390,000 Napili/Kah/Hono Olowalu $500,000 $0 Pukalani Sprecks/Paia/Kuau $710,000 $1,600,000 Wailea/Makena $366,250 $350,000 MAUI SUMMARY

2014 2013 Units Units 3 0 0 2 0 0 0 1 0 3 0 0 1 10

8 7 0 3 1 1 2 0 0 0 1 0 0 23

2014 2013 Median Median Price Price $411,000 $697,455 $0 $360,000 $0 $0 $770,000 $775,000 $0 $1,100,000 $0 $2,700,000 $0 $317,500 $565,000 $0 $0 $0 $250,000 $0 $0 $530,000 $0 $0 $3,500,000 $0 $411,500 $547,371

*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 NOV-2014

Nov-2013

RESIDENTIAL

9.1 months

8.7 months

CONDOMINIUM

14.2 months

8.8 months

LAND

39.7 months

18.2 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

958 (13.7%)

987 (%)

CONDOMINIUM

1,195 (7.7%)

1,363 (10.3%)

177 (2%)

225 (15.6%)

LAND

2014 SINGLE FAMILY Year to Date Comparing 1/1/2014 thru 11/30/2014 with 1/1/2013 thru 11/30/2013 SINGLE FAMILY YEAR TO DATE Olowalu Kaanapali Wailea/Makena Kihei Kula/Ulu/Kanaio Makawao/Olin/Halii Molokai Central Lahaina Napili/Kah/Hono Pukalani Haiku Sprecks/Paia/Kuau Maui Meadows Lanai Kapalua Hana Kahakuloa Keanae Kipahulu Nahiku MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Percent Change

2 26 30 144 69 51 10 280 50 31 51 67 22 18 17 6 3 0 0 1 1 879

1 18 27 135 66 50 10 282 52 33 54 73 27 26 30 11 8 2 1 0 0 906

100% 44% 11% 7% 5% 2% 0% -1% -4% -6% -6% -8% -19% -31% -43% -45% -63% -100% -100% N/A N/A -3%

AVERAGE SALES PRICE Current YTD Average

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

$3,562,500 $974,412 $1,977,580 $1,164,192 $796,735 $1,138,864 $1,790,216 $1,527,517 $629,009 $890,623 $3,666,167 $485,980 $700,568 $582,186 $3,201,250 $428,333 $273,700 $0 $0 $500,000 $233,000 $885,127

Year Ago YTD Average

$1,175,000 $525,047 $1,207,537 $803,339 $628,455 $896,162 $1,439,056 $1,248,000 $554,417 $800,044 $3,438,446 $460,449 $680,719 $563,128 $3,518,056 $815,563 $537,269 $413,150 $469,500 $0 $0 $775,136

MEDIAN SALES PRICE Current YTD Average

Percent Change

203% 86% 64% 45% 27% 27% 24% 22% 13% 11% 7% 6% 3% 3% -9% -47% -49% -100% -100% N/A N/A 14%

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

$3,562,500 $490,000 $1,612,500 $3,800,000 $800,000 $777,500 $880,000 $475,000 $599,500 $575,000 $645,000 $443,840 $750,000 $1,134,250 $2,053,750 $232,000 $367,000 $0 $0 $500,000 $233,000 $570,000

Year Ago YTD Average

Percent Change

$1,175,000 $320,000 $1,172,500 $2,761,152 $602,500 $606,250 $712,000 $421,000 $546,200 $527,000 $599,000 $416,253 $799,000 $1,225,000 $2,750,000 $380,500 $723,250 $413,150 $469,500 $0 $0 $530,125

203% 53% 38% 38% 33% 28% 24% 13% 10% 9% 8% 7% -6% -7% -25% -39% -49% -100% -100% N/A N/A 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 $778,026,675 2013 $702,273,185 11%

SINGLE FAMILY

2014 CONDOMINIUM Year to Date Comparing 1/1/2014 thru 11/30/2014 with 1/1/2013 thru 11/30/2013 CONDO YEAR TO DATE

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Percent Change

AVERAGE SALES PRICE Current YTD Average

Year Ago YTD Average

MEDIAN SALES PRICE Current YTD Median

Percent Change

Year Ago YTD Median

Percent Change

Molokai

15

7

114%

Sprecks/Paia/Kuau

$1,133,000

$263,000

331%

Lanai

$1,700,000

$95,000

1689%

Hana

1

1

0%

Lanai

$1,650,000

$398,343

314%

Kapalua

$1,204,000

$950,000

27%

Sprecks/Paia/Kuau

3

3

0%

Kapalua

$2,373,394 $1,159,400

105%

Maalaea

$385,000

$325,000

18%

Central

147

150

-2%

Maalaea

$450,067

$337,755

33%

Central

$284,000

$244,750

16%

Napili/Kah/Hono

188

192

-2%

Central

$291,746

$235,632

24%

Lahaina

$410,000

$352,500

16%

Kapalua

33

35

-6%

Lahaina

Kaanapali

141

152

-7%

Kaanapali

Kihei

362

401

-10%

Pukalani

Wailea/Makena

87

110

-21%

Napili/Kah/Hono

$428,388

$395,224

Lahaina

57

81

-30%

Kihei

$395,911

$381,089

Pukalani

2

3

-33%

Wailea/Makena

$1,466,386 $1,547,357

-5%

Sprecks/Paia/Kuau

Maalaea

33

57

-42%

Molokai

$113,399

$121,289

-7%

Wailea/Makena

Lanai

5

21

-76%

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

1077

1213

-11%

$641,472

$565,606

13%

MAUI SUMMARY

$415,000

$374,000

11%

MAUI SUMMARY

MAUI SUMMARY

$460,907

$377,130

22%

Pukalani

$502,500

$450,000

12%

$1,139,729

$984,616

16%

Kaanapali

$850,000

$762,450

11%

$502,500

$436,000

15%

Napili/Kah/Hono

$401,500

$383,250

5%

8%

Kihei

$315,000

$310,000

2%

4%

Molokai

$95,000

$99,000

-4%

$279,000

$294,000

-5%

$1,000,000 $1,087,500

-8% -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 $690,865,246 2013 $686,080,202 1%

CONDOMINIUM

2014 LAND Year to Date Comparing 1/1/2014 thru 11/30/2014 with 1/1/2013 thru 11/30/2013 LAND YEAR TO DATE Hana Makawao/Olin/Halii Kaanapali Kula/Ulu/Kanaio Lahaina Kihei Nahiku Olowalu Sprecks/Paia/Kuau Central Maui Meadows Napili/Kah/Hono Pukalani Wailea/Makena Molokai Kapalua Kahakuloa Haiku Kaupo Lanai Keanae MAUI SUMMARY

NUMBER OF SALES Current YTD Sales

Year Ago YTD

Percent Change

10 10 23 15 12 14 1 1 3 25 2 3 3 6 5 3 2 16 0 0 1 155

2 4 15 12 11 14 1 1 4 34 3 5 6 12 11 7 5 41 1 4 0 193

400% 150% 53% 25% 9% 0% 0% 0% -25% -26% -33% -40% -50% -50% -55% -57% -60% -61% -100% -100% N/A -20%

AVERAGE SALES PRICE Current YTD Average

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

$812,770 $972,500 $1,131,936 $696,000 $2,075,000 $556,250 $623,000 $931,167 $290,000 $1,554,167 $227,500 $416,500 $925,000 $482,500 $349,032 $101,000 $557,233 $805,000 $0 $0 $1,000,000 $712,984

MEDIAN SALES PRICE

Year Ago YTD Average

Percent Change

$137,500 $402,000 $651,184 $410,500 $1,417,571 $411,625 $484,146 $779,000 $244,167 $1,471,188 $220,000 $430,286 $956,250 $516,667 $389,941 $232,136 $1,636,000 $3,775,000 $59,225 $503,000 $0 $653,481

491% 142% 74% 70% 46% 35% 29% 20% 19% 6% 3% -3% -3% -7% -10% -56% -66% -79% -100% -100% N/A 9%

Current YTD Median

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

$972,500 $367,500 $725,000 $2,550,000 $900,000 $495,000 $650,000 $1,355,000 $275,000 $323,500 $227,500 $123,000 $482,500 $707,500 $230,000 $622,500 $331,250 $805,000 $0 $0 $1,000,000 $507,105

Year Ago YTD Median

Percent Change

$235,000 $137,500 $282,500 $1,098,000 $672,500 $395,000 $530,000 $1,150,000 $252,000 $315,000 $220,000 $132,000 $530,000 $784,000 $260,000 $715,000 $445,000 $3,775,000 $59,225 $445,000 $0 $400,000

314% 167% 157% 132% 34% 25% 23% 18% 9% 3% 3% -7% -9% -10% -12% -13% -26% -79% -100% -100% N/A 27%

*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 $110,512,530 2013 $126,121,747

-12%

LAND