Maui Real Estate Report ~ September 2015

Page 1

MAUI STATISTICS 2014 Units

2015

2014

Median Price Median Price

Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani

36

32

$504,750

$449,500

8

8

$703,250

$745,575

1

0

$360,000

$0

-

-

-

-

1

3

1,100,000

1,500,000

CONDOMINIUM

-

-

-

-

7

7

$711,000

$680,000

5

4

$700,000

$565,356

0

3

$0

$800,000

-

-

-

-

5

5

$427,000

$390,000

0

5

$0

1,093,500

3

1

$110,000

$575,000

-

-

-

-

1

0

$965,000

$0

1

0

$540,000

$0

7

7

$620,000

$550,000

Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani

Sprecks/Paia/Kuau

2

3

$552,500

$875,000

Wailea/Makena SUMMARY

3

4

2,850,000

1,350,000

97

95

$573,300

$570,000

-

-

-

-

1

1

2,500,000

4,900,000

16

12

$580,000

$502,500

858

646 399

890

641 401

963

676 397

Condos 977

672 393

Land

1,049 1,062 1,069 1,024 987

716

392

746

383

747

360

725

369

697

366

940

677

371

934

918

652 666 362

380

860

633 381

LAHAINA

Homes

2015

Account Executive

2014 Units

2014

20

10

$320,750

$363,750

-

-

-

-

-

-

-

-

-

-

-

-

9

10

$630,000

$930,000

Median Price Median Price

LAND

MSalvador@ortc.com Cell 808-205-1273

2015 Units

2014 Units

2015

2014

1

4

$50,000

$205,000

3

2

$445,300

$682,500

-

-

-

-

-

-

-

-

1

1

$825,000

6,900,000

-

-

-

-

-

-

-

-

1

1

1,899,000

$360,000

Median Price Median Price

-

-

-

-

1

1

$92,000

$142,500

-

-

-

-

17

12

$460,000

$465,000

-

-

-

-

0

1

$0

$505,000

Central Haiku Hana Honokohau Kaanapali Kapalua Keanae Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Maalaea Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kah/Hono Olowalu Pukalani

Sprecks/Paia/Kuau

-

-

-

-

Sprecks/Paia/Kuau

-

-

-

-

Wailea/Makena SUMMARY

8

7

1,325,000

$675,000

2

0

9,000,000

$0

108

80

$399,500

$462,500

Wailea/Makena SUMMARY

16

12

$535,150

$520,000

-

-

-

-

4

3

3,733,444

$910,000

31

32

$370,000

$307,500

-

-

-

-

-

-

-

-

8

3

$490,645

$420,000

-

-

-

-

10

1

$305,000

$405,000

-

-

-

-

-

-

-

-

2

1

$852,500

$650,000

2

1

$280,000

$620,000

-

-

-

-

-

-

-

-

0

2

$0

$612,500

1

0

$625,000

$0

3

0

$31,500

$0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CURRENT ABSORPTION RATE

KAHULUI

Active/ Pending-Continue to Show/ Contingent Status Inventory As of Oct. 8, 2015

2015 Units

Lydiamae Presbitero Dennis Hinahara Darnell Hookano VP, Maui Manager, Consultant Escrow Officer Escrow Officer

Your Partner in Success

SEPT 2015

SEPT 2014

6.5 months

6.8 months

CONDOMINIUM

8 months

10.9 months

LAND

24 months

33 months

RESIDENTIAL

Based on this month’s Active/Pending-Continue to Show Contingent Status inventory divided by this month’s sales.

TOTAL SALES

Dawn DeRego Project Division Manager

Haley McCraney Escrow Officer

WAILEA

2015 Units

MELISSA SALVADOR

Sr. Account Executive

PKilbride@ortc.com Cell 808-264-4289

SEPTEMBER 2015

SINGLE FAMILY RESIDENCE

PATRICK KILBRIDE

(for Immediate Past 12 months) % of deals from either Real Estate Owned (REO) or Short Sales (SS) SEPT 2015 SEPT 2014 Deni Kawauchi VP, Branch Manager, Escrow Officer

Vicki Steffan Sr. Escrow Officer

RESIDENTIAL

1,038 (11.5%)

956 (14.4%)

CONDOMINIUM

1,175 (7.2%)

1,231 (7.9%)

144 (4.2%)

199 (4%)

LAND

*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 Year-to-Date Data

Comparing 1/1/2015 thru 9/30/2015 with 1/1/2014 thru 9/30/2014

AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Kaanapali Kahakuloa Kapalua Kihei Kipahulu Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono

Olowalu Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

297 63 8 18 1 10 116 0 69 38 10 40 15 18 2 24 3 49 15 21 817

Year Ago YTD

Current YTD Sales

Percent Change

220 55 3 23 0 6 125 1 56 40 14 43 17 8 1 26 2 38 18 25 721

35% 15% 167% -22% N/A 67% -7% -100% 23% -5% -29% -7% -12% 125% 100% -8% 50% 29% -17% -16% 13%

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

$522,515 $1,010,547 $901,613 $2,061,667 $656,000 $3,005,000 $920,516 $0 $957,216 $1,105,443 $406,900 $646,771 $1,171,593 $492,368 $316,250 $905,241 $1,168,333 $661,518 $907,767 $4,504,762 $895,453

721

2015

2014

13%

Average Sales Price $895,453 $910,315

2015

-2%

2014

*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.

$464,659 $726,729 $428,333 $1,844,592 $0 $3,666,167 $766,064 $500,000 $884,132 $1,197,830 $1,097,500 $574,291 $1,543,488 $277,625 $233,000 $1,224,188 $3,562,500 $607,117 $2,136,486 $3,420,720 $910,315

Percent Change 12% 39% 110% 12% N/A -18% 20% -100% 8% -8% -63% 13% -24% 77% 36% -26% -67% 9% -58% 32% -2%

Current YTD Sales

Median Sales Price $585,000 $570,000

2015

3%

1800 1600 1400 1200 1000 800 600 400 200 0

2015

Year Ago YTD

Percent Change

Central

$507,190

$432,903

17%

Haiku

$745,000

$660,000

13%

Hana

$594,000

$367,000

62%

Kaanapali

$1,937,500

$1,675,000

16%

Kahakuloa

$656,000

$0

N/A

$2,848,000

$3,800,000

-25%

$606,000

$595,000

2%

$0

$500,000

-100%

Kula/Ulu/Kanao

$759,000

$807,500

-6%

Lahaina

$700,000

$777,500

-10%

Lanai

$342,500

$517,500

-34%

Makawao/Olin/Halii

$487,500

$475,000

3%

Maui Meadows

$925,000

$1,093,500

-15%

Molokai

$255,500

$232,000

10%

Nahiku

$316,250

$233,000

36%

Napili/Kahana/ Hono

$952,500

$755,000

26%

Olowalu

$1,475,000

$3,562,500

-59%

Pukalani

$615,000

$557,500

10%

Sprecks/Paia/Kuau

$610,000

$1,125,000

-46%

$2,700,000

$2,108,000

28%

$585,000

$570,000

3%

Kapalua Kihei Kipahulu

Wailea/Makena MAUI SUMMARY

Single Family Residence Sales Volume YTD 2015 vs 2014

Number of Sales 817

MEDIAN SALES PRICE Year Ago YTD

x 100,000

NUMBER OF SALES

Total Top Dollar Volume 2015 2014 Percent Change $731,585,469 $656,337,253 11%

2014

2014

SINGLE FAMILY RESIDENCE


CONDOMINIUM Year-to-Date Data

Comparing 1/1/2015 thru 9/30/2015 with 1/1/2014 thru 9/30/2014 AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Kaanapali Kapalua Kihei Lahaina Lanai Maalaeea Molokai Napili/Kahana/ Hono Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

101 0 0 84 28 335 82 3 33 14 146 2 2 85 915

Year Ago YTD 117 0 0 125 28 310 49 5 26 11 164 1 3 76 915

Current YTD Sales

Percent Change -14% N/A N/A -33% 0% 8% 67% -40% 27% 27% -11% 100% -33% 12% 0%

Central Haiku Hana Kaanapali Kapalua Kihei Lahaina Lanai Maalaeea Molokai Napili/Kahana/ Hono Pukalani Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

$311,392 $0 $0 $1,278,293 $2,035,171 $411,859 $439,965 $1,308,000 $371,712 $101,893 $440,168 $572,500 $1,014,250 $1,584,760 $644,395

2015

0%

915

2014

Average Sales Price $644,395 $644,674

2015

0%

2014

*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.

Year Ago YTD $285,544 $0 $0 $1,132,151 $2,360,161 $393,282 $474,382 $1,650,000 $444,950 $124,272 $439,823 $505,000 $1,133,000 $1,401,081 $644,674

Percent Change 9% N/A N/A 13% -14% 5% -7% -21% -16% -18% 0% 13% -10% 13% 0%

Current YTD Sales Central

Median Sales Price $405,600 $420,000

2015

$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

2015

Year Ago YTD

Percent Change

$312,500

$275,000

14%

Haiku

$0

$0

N/A

Hana

$0

$0

N/A

Kaanapali

$1,075,000

$820,000

31%

Kapalua

$1,004,444

$1,202,000

-16%

Kihei

$342,000

$317,500

8%

Lahaina

$436,238

$410,000

6%

$1,800,000

$1,700,000

6%

$340,000

$385,000

-12%

Molokai

$94,000

$125,000

-25%

Napili/Kahana/ Hono

$397,500

$403,375

-1%

Pukalani

$572,500

$505,000

13% 264%

Lanai Maalaeea

Sprecks/Paia/Kuau

$1,014,250

$279,000

Wailea/Makena

$1,050,000

$1,000,000

5%

$405,600

$420,000

-3%

MAUI SUMMARY

Condominium Sales Volume YTD 2015 vs 2014

Number of Sales 915

MEDIAN SALES PRICE

x 100,000

NUMBER OF SALES

Total Top Dollar Volume 2015 2014 Percent Change $589,621,608 $589,876,711 0%

2014

2014

-3% CONDOMINIUM


LAND Year-to-Date Data

Comparing 1/1/2015 thru 9/30/2015 with 1/1/2014 thru 9/30/2014 AVERAGE SALES PRICE

Current YTD Sales Central Haiku Hana Honokohau Kaanapali Kahakuloa Kapalua Kaupo Keanae Kihei Kula/Ulu/Kanao Lahaina Lanai Makawao/Olin/Halii Maui Meadows Molokai Nahiku Napili/Kahana/ Hono Olowalu Pukalanai Sprecks/Paia/Kuau Wailea/Makena MAUI SUMMARY

16 16 3 1 11 1 2 1 0 12 15 7 1 5 1 8 0 0 2 2 0 8 112

Number of Sales 112

2015

130

2014

-14%

Year Ago YTD 19 14 9 0 19 1 3 0 1 14 12 11 0 7 1 4 1 3 1 3 3 4 130

Current YTD Sales

Percent Change -16% 14% -67% N/A -42% 0% -33% N/A -100% -14% 25% -36% N/A -29% 0% 100% -100% -100% 100% -33% -100% 100% -14%

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

$445,546 $532,894 $296,667 $300,000 $630,886 $377,000 $2,950,000 $468,000 $0 $578,875 $520,083 $620,714 $20,000 $714,000 $625,000 $64,938 $0 $0 $875,000 $1,075,000 $0 $5,076,250 $882,741

2015

$695,500

2014

27%

*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.

Percent Change

$351,342 $652,357 $890,300 $0 $944,699 $1,600,000 $2,075,000 $0 $1,000,000 $416,500 $519,875 $943,091 $0 $686,071 $475,000 $89,500 $227,500 $696,000 $805,000 $290,000 $925,000 $1,243,750 $695,500

Current YTD Sales

27% -18% -67% N/A -33% -76% 42% N/A -100% 39% 0% -34% N/A 4% 32% -27% -100% -100% 9% 271% -100% 308% 27%

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

Land Sales Volume YTD 2015 vs 2014

Average Sales Price $882,741

MEDIAN SALES PRICE Year Ago YTD

$150

Median Sales Price $487,500 $513,500

2015

$120 x 100,000

NUMBER OF SALES

2015

$280,000 $442,650 $310,000 $300,000 $600,000 $377,000 $2,950,000 $468,000 $0 $507,500 $490,000 $490,000 $20,000 $285,000 $625,000 $33,750 $0 $0 $875,000 $1,075,000 $0 $4,630,000 $487,500

Year Ago YTD $275,000 $520,000 $375,000 $0 $577,866 $1,600,000 $2,550,000 $0 $1,000,000 $323,500 $599,500 $685,000 $0 $400,000 $475,000 $91,500 $227,500 $725,000 $805,000 $230,000 $900,000 $1,355,000 $513,500

Percent Change 2% -15% -17% N/A 4% -76% 16% N/A -100% 57% -18% -28% N/A -29% 32% -63% -100% -100% 9% 367% -100% 242% -5%

Total Top Dollar Volume 2015 2014 Percent Change $98,867,041 $90,414,975 9%

2014

$90 $60 $30 $0

2014

-5%

LAND


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