M AU I H AWA I I –February 2021–
www.LuxuryHomeMarketing.com
MAUI
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,422,000 $7,000,000+ $6,000,000 - $6,999,999 $5,000,000 - $5,999,999
$4,500,000 - $4,999,999 $4,000,000 - $4,499,999
11
Total Sales: 28 Seller's Market
9
0
Total Sales Ratio2: 22%
4
0
9
1
6
1
$2,500,000 - $2,999,999
19
3
$2,000,000 - $2,499,999
16
3 3 3
$1,900,000 - $1,999,999 $1,800,000 - $1,899,999
3
1
2 2
$1,700,000 - $1,799,999
4
0 2
$1,500,000 - $1,599,999
1
Total Inventory: 129
0
$3,000,000 - $3,499,999
$1,422,000 - $1,499,999
6
2
$3,500,000 - $3,999,999
$1,600,000 - $1,699,999
35
4
0
4 4
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$1,595,000
3
3
5
23
22%
2,000 - 2,999
$1,700,000
4
3
8
29
28%
3,000 - 3,999
$2,325,000
5
4
6
29
21%
4,000 - 4,999
$3,600,000
4
5
5
15
33%
5,000 - 5,999
$8,274,500
5
6
2
15
13%
6,000+
$8,650,000
5
7
2
18
11%
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
$2,750,000 $2,450,000 $2,100,000
$2,311,200
$2,275,000 $1,820,000
219
213
181
$1,999,999
$1,825,000
180
172
168
$1,995,000
173
173
164
$2,262,500
$2,025,000
182
173
9
15
13
11
9
9
21
15
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
11 Jan-20
$1,990,000
20 Oct-20
$2,112,000
157
129
26
27
Nov-20
Dec-20
28 Jan-21
MEDIAN DATA INVENTORY December
January
157
129 VARIANCE: -18 % SALE PRICE PER SQFT. December
$
January
854
845 VARIANCE: -1 % $
SOLDS December
January
27
28 VARIANCE: 4 %
SALE TO LIST PRICE RATIO December
January
97.30%
96.31% VARIANCE: -1 %
SALES PRICE December
$
2.75m
January
2.11m VARIANCE: -23 % $
DAYS ON MARKET December
January
74
115 VARIANCE: 55 %
MAUI MARKET SUMMARY | JANUARY 2021 • The Maui single-family luxury market is a Seller's Market with a 22% Sales Ratio. • Homes sold for a median of 96.31% of list price in January 2021. • The most active price band is $1,500,000-$1,599,999, where the sales ratio is 200%. • The median luxury sales price for single-family homes has decreased to $2,112,000. • The median days on market for January 2021 was 115 days, up from 74 in December 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 | JANUARY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,183,200 $4,000,000+ $3,000,000 - $3,999,999
11
1
$2,500,000 - $2,999,999
$1,800,000 - $1,899,999
Total Sales Ratio2: 13%
1 8
7
1
$1,600,000 - $1,699,999
3
$1,500,000 - $1,599,999
$1,400,000 - $1,449,999 $1,350,000 - $1,399,999
2
$1,183,200 - $1,249,999
1
3
1
8
0
$1,300,000 - $1,349,999
$1,250,000 - $1,299,999
6
3
0 0
Buyer's Market
12
1
$1,700,000 - $1,799,999
$1,450,000 - $1,499,999
Total Sales: 15
1 0
Total Inventory: 115
8
2
$2,000,000 - $2,499,999 $1,900,000 - $1,999,999
21
2
8
1 7
0
12
0
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,565,000
2
2
1
14
7%
1,000 - 1,499
$1,650,000
2
2
4
43
9%
1,500 - 1,999
$1,727,500
3
3
6
25
24%
2,000 - 2,499
$2,750,000
3
3
3
13
23%
2,500 - 2,999
$6,400,000
3
5
1
15
7%
3,000+
NA
NA
NA
0
5
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
Inventory
$2,207,250
$1,425,000
146
$1,495,000
141
127
24
21
9
8
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
174 115
31
15
176
172
151
147
136
117
116
$1,800,000 $1,500,000
$1,475,000
13
17 Jan-20
$1,900,000
$1,445,000
140
$2,370,000
$2,205,000
$2,120,000
$1,980,000
Solds
Aug-20
9 Sep-20
37
21
20 Oct-20
Nov-20
15
Dec-20
Jan-21
MEDIAN DATA INVENTORY December
January
174
SOLDS December
January
115 VARIANCE: -34 %
15 VARIANCE: -59 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
December
January
952
1,216 VARIANCE: 28 %
$
$
37
December
January
100.00% 97.03% VARIANCE: -3 %
SALES PRICE December
$
1.50m
January
1.80m VARIANCE: 20 % $
DAYS ON MARKET December
119
119 VARIANCE: 0 %
MAUI MARKET SUMMARY | JANUARY 2021 • The Maui attached luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 97.03% of list price in January 2021. • The most active price band is $1,500,000-$1,599,999, where the sales ratio is 67%. • The median luxury sales price for attached homes has increased to $1,800,000. • The median days on market for January 2021 was 119 days, remaining the same from December 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
January