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MAUI H AWAI I www.LuxuryHomeMarketing.com
2021
MAUI
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,422,000 $7,000,000+ $6,000,000 - $6,999,999
8
0
$5,000,000 - $5,999,999 $4,500,000 - $4,999,999
35
4
11
2
3
Total Sales Ratio2: 23% 10
6
$3,000,000 - $3,499,999
7
2
$2,500,000 - $2,999,999
14
2
$2,000,000 - $2,499,999
12
4
$1,900,000 - $1,999,999
3
1
$1,800,000 - $1,899,999
4
2
$1,700,000 - $1,799,999
1
$1,600,000 - $1,699,999
1
Seller's Market
5
$3,500,000 - $3,999,999
$1,422,000 - $1,499,999
Total Sales: 29
9
0
$4,000,000 - $4,499,999
$1,500,000 - $1,599,999
Total Inventory: 125
2
2 0
3
2
0 0
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$3,325,000
2
2
6
20
30%
2,000 - 2,999
$3,599,000
3
3
7
26
27%
3,000 - 3,999
$3,150,500
4
4
12
28
43%
4,000 - 4,999
$2,350,000
5
5
2
17
12%
5,000 - 5,999
$15,750,000
4
6
1
15
7%
6,000+
$10,900,000
4
5
1
19
5%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
MAUI
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
Inventory
Solds $3,550,000
$2,450,000
$2,750,000 $2,311,200 $1,820,000
213
181
$1,990,000
180
172
168
$1,995,000
$2,275,000 $1,825,000
173
$1,999,999
173
164
$2,025,000
15
13
11
9
9
21
15
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
$2,112,000
182
173
9
$2,262,500
20 Oct-20
157
129
26
27
Nov-20
Dec-20
125 29
28 Jan-21
Feb-21
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2020
Feb. 2021
213
TOTAL SOLDS Feb. 2020
Feb. 2021
125 VARIANCE: -41 %
29 VARIANCE: 222 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Feb. 2020
862
$
Feb. 2021
1,060 VARIANCE: 23 % $
9
Feb. 2020
SALES PRICE Feb. 2020
$
Feb. 2021
98.25%
95.71% VARIANCE: -3 %
2.45m
Feb. 2021
3.55m VARIANCE: 45 % $
DAYS ON MARKET Feb. 2020
Feb. 2021
143
130 VARIANCE: -9 %
MAUI MARKET SUMMARY | FEBRUARY 2021 • The Maui single-family luxury market is a Seller's Market with a 23% Sales Ratio. • Homes sold for a median of 95.71% of list price in February 2021. • The most active price band is $1,600,000-$1,699,999, where the sales ratio is 67%. • The median luxury sales price for single-family homes is $3,550,000. • The median days on market for February 2021 was 130 days, down from 143 in February 2020.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
MAUI
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,183,200 $4,000,000+ $3,000,000 - $3,999,999 1
$2,000,000 - $2,499,999
3
$1,600,000 - $1,699,999
$1,500,000 - $1,599,999
1 7
1
$1,300,000 - $1,349,999
$1,183,200 - $1,249,999
1
6 4
1
5
3
$1,250,000 - $1,299,999
Seller's Market
5
3
$1,350,000 - $1,399,999
9
6
2
0
Total Sales: 25
7
1
$1,450,000 - $1,499,999
9
Total Sales Ratio2: 23%
1
$1,700,000 - $1,799,999
Total Inventory: 111
2
0
$1,800,000 - $1,899,999
$1,400,000 - $1,449,999
9
4
$2,500,000 - $2,999,999
$1,900,000 - $1,999,999
23
3
4
2
14
0
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,375,000
2
2
3
17
18%
1,000 - 1,499
$1,575,000
2
2
7
42
17%
1,500 - 1,999
$1,650,000
2
3
9
17
53%
2,000 - 2,499
$3,600,000
3
4
3
12
25%
2,500 - 2,999
$3,575,000
3
4
3
20
15%
3,000+
NA
NA
NA
0
3
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
MAUI
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$2,275,000
$2,207,250
$1,980,000
$2,120,000
$2,370,000
$2,205,000
$1,495,000
141
Solds
$1,900,000
$1,445,000
140
Inventory
127
$1,475,000
13
24
21
9
8
Feb-20
Mar-20
Apr-20
May-20
Jun-20
15
Jul-20
176
172
151
147
136
117
116
$1,800,000
174 115
31 Aug-20
Oct-20
37
21
20
9 Sep-20
$1,700,000
$1,500,000
Nov-20
Dec-20
111 25
15
Jan-21
Feb-21
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2020
Feb. 2021
140
TOTAL SOLDS Feb. 2020
Feb. 2021
111 VARIANCE: -21 %
25 VARIANCE: 92 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Feb. 2020
1,264
$
Feb. 2021
1,257 VARIANCE: -1 % $
13
Feb. 2020
Feb. 2021
95.85% 98.50% VARIANCE: 3 %
SALES PRICE Feb. 2020
1.45m
$
Feb. 2021
1.70m VARIANCE: 18 % $
DAYS ON MARKET Feb. 2020
Feb. 2021
110
77 VARIANCE: -30 %
MAUI MARKET SUMMARY | FEBRUARY 2021 • The Maui attached luxury market is a Seller's Market with a 23% Sales Ratio. • Homes sold for a median of 98.50% of list price in February 2021. • The most active price band is $1,300,000-$1,349,999, where the sales ratio is 60%. • The median luxury sales price for attached homes is $1,700,000. • The median days on market for February 2021 was 77 days, down from 110 in February 2020.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3