JUNE
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MAUI HAWAI I www.LuxuryHomeMarketing.com
2021
MAUI
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | MAY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,422,000 $7,000,000+
32
2
$6,000,000 - $6,999,999
4
2
$5,000,000 - $5,999,999
Total Inventory: 107 8
1
$4,500,000 - $4,999,999
Total Sales Ratio2: 34%
4
2
$3,500,000 - $3,999,999
9
2
$3,000,000 - $3,499,999
6
1
$2,500,000 - $2,999,999
7
3
8 8
$2,000,000 - $2,499,999 $1,900,000 - $1,999,999 $1,800,000 - $1,899,999 $1,700,000 - $1,799,999
$1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,422,000 - $1,499,999
1
Seller's Market
7
1
$4,000,000 - $4,499,999
Total Sales: 36
6
3
2
0 1
3 7
2 2
2
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
$2,350,000
3
3
5
25
20%
2,000 - 2,999
$1,800,000
4
3
14
23
61%
3,000 - 3,999
$1,999,999
4
4
9
19
47%
4,000 - 4,999
$4,800,000
4
5
4
19
21%
5,000 - 5,999
$3,232,500
5
6
2
6
33%
6,000+
$20,000,000
6
8
2
15
13%
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
$2,750,000 $1,990,000
$1,995,000 180
172
$2,275,000 $1,825,000 173
$1,999,999
173
164
$2,025,000
182
173
11
9
9
21
15
May-20
Jun-20
Jul-20
Aug-20
Sep-20
$2,262,500
20 Oct-20
$2,423,500
$2,112,000
157
129
26
27
Nov-20
Dec-20
125 28
Jan-21
$2,460,000
119
117
$2,257,500
107
29
38
45
36
Feb-21
Mar-21
Apr-21
May-21
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2020
May 2021
172
TOTAL SOLDS May 2020
May 2021
107 VARIANCE: -38 %
36 VARIANCE: 227 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
May 2020
May 2021
860
$
901 VARIANCE: 5 % $
11
May 2020
May 2021
97.44% 96.89% VARIANCE: -1 %
SALES PRICE May 2020
$
1.99m
May 2021
2.26m VARIANCE: 13 % $
DAYS ON MARKET May 2020
May 2021
110
113 VARIANCE: 3 %
MAUI MARKET SUMMARY | MAY 2021 • The Maui single-family luxury market is a Seller's Market with a 34% Sales Ratio. • Homes sold for a median of 96.89% of list price in May 2021. • The most active price band is $1,700,000-$1,799,999, where the sales ratio is 300%. • The median luxury sales price for single-family homes is $2,257,500. • The median days on market for May 2021 was 113 days, up from 110 in May 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.
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MAUI
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | MAY 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,183,200 $4,000,000+ $3,000,000 - $3,999,999
7
4
$2,500,000 - $2,999,999
5
$2,000,000 - $2,499,999
2
$1,900,000 - $1,999,999
1
$1,700,000 - $1,799,999
1
$1,600,000 - $1,699,999
1
$1,500,000 - $1,599,999
1
$1,450,000 - $1,499,999
0 0
$1,400,000 - $1,449,999
0
Total Sales: 51
6
Seller's Market Total Sales Ratio2: 98%
6
5 2
2 4
0 3
4
1
6
$1,183,200 - $1,249,999
1
6
3
$1,300,000 - $1,349,999 $1,250,000 - $1,299,999
Total Inventory: 52
3
1
$1,800,000 - $1,899,999
$1,350,000 - $1,399,999
13
7
5
4
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,325,000
2
2
8
7
114%
1,000 - 1,499
$1,746,250
2
2
16
17
94%
1,500 - 1,999
$1,700,000
3
3
13
8
163%
2,000 - 2,499
$2,995,000
3
3
7
4
175%
2,500 - 2,999
$4,825,000
3
4
6
13
46%
3,000+
$12,500,000
4
5
1
3
33%
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
$2,207,250
$2,120,000
Inventory
$2,370,000
$2,205,000
$1,900,000 $1,495,000
176
172
151
147
136
$1,800,000
$1,700,000
$1,700,000
$1,500,000
$1,475,000
117
116
Solds
174 115
111 74
9
8
May-20
Jun-20
15 Jul-20
31 Aug-20
9 Sep-20
20 Oct-20
$1,742,500
$1,500,000
37
21 Nov-20
Dec-20
15 Jan-21
59
64
25 Feb-21
Mar-21
52
52
Apr-21
51
May-21
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2020
May 2021
116
TOTAL SOLDS May 2020
May 2021
52 VARIANCE: -55 %
51 VARIANCE: 467 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
May 2020
May 2021
1,319 VARIANCE: 96 %
$
673
$
9
May 2020
May 2021
100.00% 98.25% VARIANCE: -2 %
SALES PRICE May 2020
1.50m
$
May 2021
1.74m VARIANCE: 17 % $
DAYS ON MARKET May 2020
May 2021
203
109 VARIANCE: -46 %
MAUI MARKET SUMMARY | MAY 2021 • The Maui attached luxury market is a Seller's Market with a 98% Sales Ratio. • Homes sold for a median of 98.25% of list price in May 2021. • The most active price bands are $1,250,000-$1,299,999 and $1,700,000-$1,799,999, where the sales ratio is 600%. • The median luxury sales price for attached homes is $1,742,500. • The median days on market for May 2021 was 109 days, down from 203 in May 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.
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