Maui December 2016 Statistics - Maui Real Estate · PDF fileOverview Page 1 of 2 January 11, 2017 Maui December 2016 Statistics Aloha all! Brief Maui Statistics Overview: Page 4 -

Overview Page 1 of 2

January 11, 2017 Maui December 2016 Statistics

Aloha all! Brief Maui Statistics Overview: Page 4 - December's Sales Unit Volume – Residential and Condominium sales increased to 97 homes and 122 units sold respectively. Land sales increased to 18 lots sold in December.

Page 5 - December's Median SALES prices – Median prices rose across the board with the Residential median price up to $700,000 (the highest since Sept. 2006). Condo median price increased to $414,500, and Land median price increased to $435,000.

Page 6 - Days on Market, Residential homes = 110, Condos = 92 DOM, Land = 156 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it will move this indicator upward, and vice versa. RAM's Days on Market are calculated from List Date to Closing Date [not contract date], including approximately 60 days of escrow time.)

Pages 10 - 14 – This month’s “Year to Date Sales" numbers compare all of 2016 to 2015. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. For a more comprehensive view, see 2015's Year-End (Dec. 2015) figures available at: http://www.ramaui.com/UserFiles/File/Stats/All-December2015.pdf

YTD - Residential unit sales declined slightly (1076 homes sold / -14 units / -1% change YTD), average sold price = $967,413 (+13% change YTD), median price = $636,750 (+10% change YTD) and total dollar volume sold = $1,040,936,510 (+12%YTD). [Note: The large increase in this year’s Sprecklesville/Paia/Kuau Residential YTD Total Dollar Volume is due in part to the sale of an unlisted $18,000,000 beachfront property in July.]

YTD - Condo unit sales increased substantially (1,310 units sold / +121 units sold/ +10% change YTD), average sold price = $616,921 (-3% change YTD), median price = $415,000 (+1%YTD). Total Condo dollar volume sold = $808,166,264 (+6% change YTD).

YTD - Land – NOTE: Land Lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. The number of Land lot sales increased slightly (160 lots / +6 lots sold / +4% YTD change), average sold price = $638,544 (-28%), median price = $459,750 (+3% change), Total dollar volume = $102,167,106 (-25% YTD).

Total sales for immediate past 12 months: Residential = 1,077 (with 10% being REO or Short Sale), Condo = 1,310 (4.8% REO or SS), Land = 160 (2.5% REO or SS). NOTE: 37.5% of these Sales in the last 12 months have been CASH transactions.

As of Jan. 11, 2017 - Active/Pending-Continue to Show/Contingent status inventory: Jan. ‘17 Dec. ‘16 Nov. Oct. Sept. Aug. July June May April Mar. Feb. Jan. ‘16 Homes 650 648 644 627 655 704 705 697 728 735 761 747 695 Condos 974 961 934 893 930 954 988 993 1,053 1,102 1,100 1,062 951 Land 390 387 395 376 381 395 392 402 390 383 373 377 370

Current Absorption Rate base on this month’s Active/Pending-Continue to Show/Contingent status inventory divided by December Sales: Residential 650 / 97 Sold = 6.7 months, Condo = 974 /122 Sold = 8 months, Land 390/18 Sold = 21.6 months of inventory.

For Absorption Rate enthusiasts who calculate only pure “Active,” (not any pending/contingent) divided by December Sales: Residential 540 “Active”/ 97 Sold = 5.6 months. Condo 831/ 122 Sold = 6.8 mos. Land 362 / 18 Sold = 20.1 months of inventory.

441 Ala Makani Place Kahului, Maui, HI 96732-3507

Phone: 808-873-8585 ~ Fax: 808-871-8911 Direct: 808-270-4602

E-mail: [email protected]

Overview Page 2 of 2

_______________________________________________________________________________________ IN A NUT SHELL...... Monthly sales number increased across the board. Inventory has increased for High Season (Dec. - April). Canadian investors have been big participants in Maui’s real estate market in years past, however the current Canadian Dollar exchange rate (.76 US $) may motivate Canadian investors to sell, rather than buy OR sell and reinvest in other Maui properties. Residential Median price for December ($700,000) is the highest since September 2006 (Mortgage Meltdown).

Increased showings and sales, multiple offers on “well priced” listings, hesitant buyers may become onlookers ... Window of opportunity is quickly closing for first-time homebuyers (see below). “CASH is King!” when making an offer. For several months approximately 37% of all sales were CASH. Well priced properties are attracting multiple offers making for a quick sale. REO (Foreclosures) and Short Sales are dwindling, with any “hidden inventory” (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are ratcheting up which may help motivate would-be Buyers to go ahead and buy IF they can qualify. Savvy Investors are buying with Cash, giving them a strong negotiating position, no financing /appraisal hassles and a quick closing. While general U.S. economic news looks cautiously hopeful, current World and US events and “The Election results” will have ripple effects on cost of living, consumer confidence, Financial and Real Estate Markets. Rising Sales prices motivate some “Owners” to become “Sellers,” putting their homes on the market.

FOR SELLERS: Sharpen your pencil, talk to your CPA and your Realtor® to explore the hidden benefits or consequences. Make no assumptions that will sting later. To be successful, Sellers need to beat competing properties with better property condition, realistic pricing, good marketing, and flexible, creative terms. Days on Market figures show that properties priced right will sell in a reasonable timeframe, often with multiple offers. “Priced Right” is still the determining factor. BEST Deals are selling, while significantly over-priced listings remain un-sold.

Pro-Active Sellers are getting their properties appraised, inspected and surveyed in advance to encourage realistic offers from knowledgeable Buyers. This can prevent unanticipated escrow fallout or Buyers whittling your price down during the transaction when previously unknown facts come to light.

FOR BUYERS: Low interest rates prevail; however may start to nudge up. Buyers should get Pre-Approved so they can shop in confidence (fewer last minute disappointments due to non-funding loans). Veterans: Check out your VA Loan options. "Short-sales" and foreclosures are still in the marketplace, yet they can be less of a bargain than they seem, requiring more hurdles to leap and more time (often 4-6-12 months) to close, if at all. Be prepared, but BE REALISTIC. Lenders are more stringent on requirements now for loan approval, compared to 2004-2008.

First-Time Home Buyers – Many programs are available .. Attend a First-Time Home Buyers workshop, get familiar with the process, get qualified/approved, do your homework to get your own home. Many current owners never thought they would be able to own until they attended a workshop, discovered they could own a home, and are glad they did. The low point in the market has passed, so check it out carefully NOW, don’t delay. The opportunity is fading quickly. If you cannot buy now, start saving your down payment for the next market cycle.

Disclaimer: Zooming in on the figures of a specific geographic area or property type may lead to different conclusions that looking at the overall view. Maui's market place is much smaller than Oahu's, and a few high or low sales have a greater effect on the statistical numbers without necessarily indicating a big market swing one way or another.

If you have any questions regarding hard numbers, call Terry at 808-270-4602. Mahalo, Terry Tolman RAM Chief Staff Executive

Single Family Monthly Sales VolumeFor Month Ending 12/31/2016

Area Name Current MonthUnits Volume Median

Previous MonthUnits Volume Median

Year Ago MonthUnits Volume Median

$18,519,989 $20,769,653Central 30 34$548,750 $550,750 $20,288,15340 $502,500

$5,563,000 $2,780,000Haiku 6 3$882,000 $855,000 $415,0001 $415,000

$5,800,000 $0Hana 3 0$1,200,000 $0 $00 $0

$2,860,000 $2,255,000Kaanapali 2 2$1,430,000 $1,127,500 $00 $0

$0 $1,083,500Kahakuloa 0 1$0 $1,083,500 $00 $0

$4,650,000 $0Kapalua 2 0$2,325,000 $0 $00 $0

$25,560,000 $23,045,100Kihei 15 11$792,500 $640,000 $9,489,44914 $647,275

$0 $0Kipahulu 0 0$0 $0 $1,795,0001 $1,795,000

$7,910,129 $5,488,400Kula/Ulupalakua/Kanaio 5 6$620,000 $869,250 $10,671,5009 $693,500

$2,460,000 $9,703,000Lahaina 3 7$725,000 $888,000 $11,030,0006 $1,525,000

$773,000 $1,844,000Lanai 2 4$386,500 $435,000 $365,0001 $365,000

$860,500 $3,355,000Makawao/Olinda/Haliimaile 2 6$430,250 $529,500 $2,063,0004 $509,000

$3,365,000 $3,229,000Maui Meadows 2 3$1,682,500 $920,000 $00 $0

$623,000 $0Molokai 2 0$311,500 $0 $1,119,7003 $473,500

$0 $0Nahiku 0 0$0 $0 $540,0001 $540,000

$3,700,000 $14,095,800Napili/Kahana/Honokowai 4 5$717,500 $950,000 $1,328,0002 $664,000

$0 $5,100,000Olowalu 0 1$0 $5,100,000 $00 $0

$9,228,500 $2,927,400Pukalani 12 4$742,000 $745,500 $6,077,0009 $681,000

$7,435,000 $1,186,500Sprecklesville/Paia/Kuau 4 2$1,450,000 $593,250 $425,0001 $425,000

$6,950,000 $5,600,000Wailea/Makena 3 2$2,400,000 $2,800,000 $1,032,5001 $1,032,500

$106,258,118 $102,462,353Maui Summary : 97 91$700,000 $635,000 $66,639,30293 $550,000

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sale data - Information deemed reliable, however not guaranteed Page 1

Condominium Monthly Sales VolumeFor Month Ending 12/31/2016




$11,174,700 $10,530,925Central 27 25$395,000 $415,000 $2,821,0009 $320,000

$11,161,000 $6,295,000Kaanapali 9 6$1,200,000 $875,000 $5,185,0007 $835,000

$4,105,000 $1,715,000Kapalua 2 2$2,052,500 $857,500 $9,397,3885 $1,050,000

$16,907,249 $15,792,601Kihei 42 40$341,000 $325,000 $16,444,74944 $353,000

$1,434,500 $2,670,000Lahaina 3 6$485,000 $527,500 $5,436,0005 $420,000

$4,850,000 $0Lanai 2 0$2,425,000 $0 $00 $0

$2,840,000 $2,044,500Maalaea 7 4$450,000 $577,500 $1,564,3005 $267,300

$0 $55,000Molokai 0 1$0 $55,000 $79,0001 $79,000

$8,308,854 $7,037,900Napili/Kahana/Honokowai 21 22$405,000 $317,500 $5,497,90015 $410,000

$0 $639,500Pukalani 0 1$0 $639,500 $485,0001 $485,000

$12,146,000 $4,284,900Wailea/Makena 9 5$1,230,000 $675,000 $18,445,5009 $1,040,000

$72,927,303 $51,065,326Maui Summary : 122 112$414,500 $382,500 $65,355,837101 $410,000


Land Monthly Sales VolumeFor Month Ending 12/31/2016




$2,104,000 $0Central 4 0$542,500 $0 $3,118,0007 $220,000

$0 $0Haiku 0 0$0 $0 $688,5002 $344,250

$400,000 $0Hana 1 0$400,000 $0 $399,0002 $199,500

$380,000 $680,000Kaanapali 1 1$380,000 $680,000 $00 $0

$0 $2,695,000Kapalua 0 3$0 $795,000 $00 $0

$0 $0Kihei 0 0$0 $0 $465,0002 $232,500

$540,000 $0Kula/Ulupalakua/Kanaio 1 0$540,000 $0 $1,650,0002 $825,000

$1,850,000 $435,000Lahaina 3 1$450,000 $435,000 $00 $0

$530,000 $185,000Makawao/Olinda/Haliimaile 1 1$530,000 $185,000 $00 $0

$420,000 $0Maui Meadows 1 0$420,000 $0 $00 $0

$185,000 $189,000Molokai 3 1$30,000 $189,000 $175,0001 $175,000

$673,500 $0Nahiku 1 0$673,500 $0 $00 $0

$410,000 $0Napili/Kahana/Honokowai 1 0$410,000 $0 $00 $0

$0 $905,980Pukalani 0 3$0 $295,850 $00 $0

$600,000 $0Wailea/Makena 1 0$600,000 $0 $00 $0

$8,092,500 $5,089,980Maui Summary : 18 10$435,000 $377,065 $6,495,50016 $281,750

SOURCE: REALTORS Association of Maui - www.RAMui.comMLS Sale data - Information deemed reliable, however not guaranteed Page 3

Sales Unit Volume By MonthFor Month Ending 12/31/2016

0

20

40

60

80

100

120

140

160

Jan-11

Mar-11

May-11

Jul-1

1Sep

-11Nov-1

1Ja

n-12Mar

-12May

-12Ju

l-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-1

3Sep

-13Nov-1

3Ja

n-14Mar

-14May

-14Ju

l-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-1

5Sep

-15Nov-1

5Ja

n-16Mar

-16May

-16Ju

l-16

Sep-16

Nov-16

Con Lnd Res

Jul

2011Month Single

FamilyCondo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

2014SingleFamily

Condo Land

2015SingleFamily

Condo Land

JanFebMarAprMayJun

AugSepOctNovDec

SingleFamily

Condo Land

2016

54 87 959 98 789 1112589 120 1471 114 1581 102 1468 98 1481 86 1280 84 1274 77 876 77 979 89 9

50 91 978 83 1282 2213079 129 865 113 1686 122 1376 82 1277 98 1377 67 1199 96 985 100 2284 142 29

63 63 766 101 1480 2510179 144 14109 139 2093 125 1793 112 1381 113 2585 121 1582 91 2075 96 2378 120 23

65 94 1360 89 1270 1412784 136 1986 117 2093 94 18100 83 968 95 1395 80 1284 95 1476 68 1063 125 12

75 83 1160 95 1486 1612387 105 1288 110 12101 99 14129 83 1396 101 497 110 17106 105 1672 74 993 101 16

73 83 569 104 2099 18104100 126 1194 119 1499 110 1393 111 796 124 1083 98 2182 97 1391 112 1097 122 18

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sales data - Information deemed reliable, however not guaranteed Page 4

Sales Median By MonthFor Month Ending 12/31/2016

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Jan-11

Apr-11

Jul-1

1

Oct-11

Jan-12

Apr-12

Jul-1

2

Oct-12

Jan-13

Apr-13

Jul-1

3

Oct-13

Jan-14

Apr-14

Jul-1

4

Oct-14

Jan-15

Apr-15

Jul-1

5

Oct-15

Jan-16

Apr-16

Jul-1

6

Oct-16

Con Lnd Res

Jul

MonthSingleFamily

Condo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

2014SingleFamily

Condo Land

2015SingleFamily

Condo Land

JanFebMarAprMayJun

AugSepOctNovDec

2016SingleFamily

Condo Land

2011

295000 300000495415

371200 282500440000

289000 500000450000

338603 382500500000349500 275000418000

294500 302000429000

320000 340000394500

266000 189500410000

334950 330000412000

310000 465000482500

265000 505000422500

304000 375000411000

330000 350000399000

287000 333925513750

368043 467500435000

399000 365000469000336000 330000382000

372990 310000575500

332000 422500488000

342450 350000509000

325000 238000425000

349995 250000485000

400000 455000465000

376000 340000508000

297000 675000550000

360000 502500537500

375000 535000509500

370000 479500470000380000 267500549000

400000 469260599000

357625 425000475000

420000 350000585000

345000 335000470000

305500 380500540000

350000 547371515000

365000 390000512500

441000 370000695000

345000 447500560000

420000 507500590500

403500 510000583000472000 575000537500

444500 545500530000

375000 550000570250

410000 440000570000

462500 520000570000

419000 467500566000

366250 411500587500

380000 650000565000

378000 700000577000

475000 490000558625

440000 451000632625

410000 417500581000459500 563750607098

355000 420000650000

387000 250000590000

336000 347500550000

399500 625000573300

392900 375000592000

475000 520000550000

410000 281750550000

395000 850000630000

431950 512500595000

494000 444500611500

444500 372000665000422000 378500622500

384000 1200000659000

440000 490000600000

420000 271500672063

377000 625000665000

460000 470000632500

382500 377065635000

414500 435000700000

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sales data - Information deemed reliable, however not guaranteed Page 5

Sales Days on Market By MonthFor Month Ending 12/31/2016

0

100

200

300

400

500

600

700

Jan-11

Apr-11

Jul-1

1

Oct-11

Jan-12

Apr-12

Jul-1

2

Oct-12

Jan-13

Apr-13

Jul-1

3

Oct-13

Jan-14

Apr-14

Jul-1

4

Oct-14

Jan-15

Apr-15

Jul-1

5

Oct-15

Jan-16

Apr-16

Jul-1

6

Oct-16

Con Lnd Res

Jul

2011Month Single

FamilyCondo Land

2012SingleFamily

Condo Land

2013SingleFamily

Condo Land

2013SingleFamily

Condo Land

2014SingleFamily

Condo Land

JanFebMarAprMayJun

AugSepOctNovDec

2016SingleFamily

Condo Land

112 180 240147 192 180150 231185146 142 362138 201 175141 145 150150 201 219136 179 82.5117 158 136187 140 140140 163 317155 126 211

165 144 242153 172 371136 173171156 170 253106 198 159183 158 186146 138 347153 175 208140 172 211140 161 556148 153 476114 148 339

125 151 151147 183 273110 263137107 125 368149 173 241116 142 105115 159 192107 94 156115 157 315114 121 75115 128 231125 109 150

132 123 91119 99 271141 241124147 127 170117 137 247114 122 233104 137 279109 114 16390 93 107139 118 111129 109 122103 117 137

2015

118 113 17190.5 118 274124 256108104 113 161119 116 188125 136 267118 116 149114 123 13295 117 198120 135 187106 129 275151 109 139

125 110 46156 98 19295.5 130106105 110 159121 120 121127 114 140111 155 85116 133 171165 145 81103 139 179107 115 152110 92 156


Single Family Median Prices by AreaFor Month Ending 12/31/2016

Current Month Information

0 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 1,750,000 2,000,000

Wailea/M akena

Pukalani

Napili/Kahana/Honokowai

M olokai

M akawao/Olinda/Haliimaile

Lahaina

Kipahulu

Kapalua

Kaanapali

Haiku

Area Current Month Previous Month Year Ago Month$548,750 $550,750 $502,500Central$882,000 $855,000 $415,000Haiku

$1,200,000 $0 $0Hana$1,430,000 $1,127,500 $0Kaanapali

$0 $1,083,500 $0Kahakuloa$2,325,000 $0 $0Kapalua

$792,500 $640,000 $647,275Kihei$0 $0 $1,795,000Kipahulu

$620,000 $869,250 $693,500Kula/Ulupalakua/Kanaio$725,000 $888,000 $1,525,000Lahaina$386,500 $435,000 $365,000Lanai$430,250 $529,500 $509,000Makawao/Olinda/Haliimaile

$1,682,500 $920,000 $0Maui Meadows$311,500 $0 $473,500Molokai

$0 $0 $540,000Nahiku$717,500 $950,000 $664,000Napili/Kahana/Honokowai

$0 $5,100,000 $0Olowalu$742,000 $745,500 $681,000Pukalani

$1,450,000 $593,250 $425,000Sprecklesville/Paia/Kuau$2,400,000 $2,800,000 $1,032,500Wailea/Makena


Condominium Median Prices by AreaFor Month Ending 12/31/2016


$0

$50 0 ,0 0 0

$1,0 0 0 ,0 0 0

$1,50 0 ,0 0 0

$2 ,0 0 0 ,0 0 0

$2 ,50 0 ,0 0 0

$3 ,0 0 0 ,0 0 0

Centra

l

Kaana

pali

Kapalu

aKihe

i

Laha

inaLa

nai

Maalae

a

Moloka

i

Napili/

Kahan

a/Hon

okowai

Pukala

ni

Wailea/M

aken

a

Area Current Month Previous Month Year Ago Month$395,000 $415,000 $320,000Central

$1,200,000 $875,000 $835,000Kaanapali$2,052,500 $857,500 $1,050,000Kapalua

$341,000 $325,000 $353,000Kihei$485,000 $527,500 $420,000Lahaina

$2,425,000 $0 $0Lanai$450,000 $577,500 $267,300Maalaea

$0 $55,000 $79,000Molokai$405,000 $317,500 $410,000Napili/Kahana/Honokowai

$0 $639,500 $485,000Pukalani$1,230,000 $675,000 $1,040,000Wailea/Makena


Land Median Prices by AreaFor Month Ending 12/31/2016


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

Wailea/MakenaPukalani

Napili/Kahana/HonokowaiNahiku

MolokaiMaui Meadows

Makawao/Olinda/HaliimaileLahaina

Kula/Ulupalakua/KanaioKihei

KapaluaKaanapali

HanaHaiku

Central

Area Current Month Previous Month Year Ago Month$542,500 $0 $220,000Central

$0 $0 $344,250Haiku$400,000 $0 $199,500Hana$380,000 $680,000 $0Kaanapali

$0 $795,000 $0Kapalua$0 $0 $232,500Kihei

$540,000 $0 $825,000Kula/Ulupalakua/Kanaio$450,000 $435,000 $0Lahaina$530,000 $185,000 $0Makawao/Olinda/Haliimaile$420,000 $0 $0Maui Meadows$30,000 $189,000 $175,000Molokai

$673,500 $0 $0Nahiku$410,000 $0 $0Napili/Kahana/Honokowai

$0 $295,850 $0Pukalani$600,000 $0 $0Wailea/Makena

SOURCE: REALTORS Association of Maui - www.RAMaui.comMLS Sale data - Information deemed reliable, however not guaranteedc Page 9

Single Family Year To Date Sales InformationComparing 1/1/2016 thru 12/31/2016 with 1/1/2015 thru 12/31/2015

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

346 401 $585,975 $522,107 $557,000 $507,381 $202,747,390 $209,364,989Central -55 -14% 12% 10% -3%

66 81 $917,701 $950,396 $841,500 $700,000 $60,568,249 $76,982,084Haiku -15 -19% -3% 20% -21%

11 8 $1,230,273 $901,613 $750,000 $594,000 $13,533,000 $7,212,900Hana 3 38% 36% 26% 88%

22 22 $1,823,208 $2,043,636 $1,597,500 $1,785,000 $40,110,577 $44,959,999Kaanapali 0 0% -11% -11% -11%

2 1 $941,750 $656,000 $941,750 $656,000 $1,883,500 $656,000Kahakuloa 1 100% 44% 44% 187%

14 10 $3,638,571 $3,005,000 $2,562,500 $2,848,000 $50,940,000 $30,050,000Kapalua 4 40% 21% -10% 70%

1 0 $1,300,000 $0 $1,300,000 $0 $1,300,000 $0Kaupo 1 N/A N/A N/A N/A

162 147 $938,836 $865,772 $633,750 $600,000 $152,091,468 $127,268,421Kihei 15 10% 8% 6% 20%

0 1 $0 $1,795,000 $0 $1,795,000 $0 $1,795,000Kipahulu -1 -100% -100% -100% -100%

82 97 $1,072,674 $933,087 $717,500 $725,000 $87,959,229 $90,509,394Kula/Ulupalakua/Kanaio -15 -15% 15% -1% -3%

67 51 $1,327,586 $1,133,269 $760,000 $700,000 $88,948,274 $57,796,730Lahaina 16 31% 17% 9% 54%

20 14 $446,275 $558,500 $419,500 $375,000 $8,925,500 $7,819,000Lanai 6 43% -20% 12% 14%

71 58 $648,809 $658,790 $552,000 $529,500 $46,065,450 $38,209,847Makawao/Olinda/Haliimaile 13 22% -2% 4% 21%

26 21 $1,250,829 $1,187,471 $1,287,500 $1,025,000 $32,521,550 $24,936,888Maui Meadows 5 24% 5% 26% 30%

18 23 $483,111 $453,232 $386,500 $252,000 $8,695,999 $10,424,330Molokai -5 -22% 7% 53% -17%

1 3 $575,000 $390,833 $575,000 $367,500 $575,000 $1,172,500Nahiku -2 -67% 47% 56% -51%

40 30 $1,136,188 $867,793 $875,000 $881,000 $45,447,515 $26,033,775Napili/Kahana/Honokowai 10 33% 31% -1% 75%

3 3 $2,683,333 $1,168,333 $1,700,000 $1,475,000 $8,050,000 $3,505,000Olowalu 0 0% 130% 15% 130%

71 69 $668,828 $678,977 $635,000 $624,000 $47,486,809 $46,849,400Pukalani 2 3% -1% 2% 1%

29 23 $1,926,552 $892,478 $748,000 $610,000 $55,870,000 $20,527,000Sprecklesville/Paia/Kuau 6 26% 116% 23% 172%

24 27 $3,634,042 $3,930,833 $2,825,000 $1,900,000 $87,217,000 $106,132,500Wailea/Makena -3 -11% -8% 49% -18%

1076 1090 $967,413 $855,235 $636,750 $580,000 1,040,936,510 $932,205,757-14 -1% 13% 10% 12%Maui Summary:


Condominium Year To Date Sales InformationComparing 1/1/2016 thru 12/31/2016 with 1/1/2015 thru 12/31/2015

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

165 129 $369,799 $319,172 $345,000 $315,000 $61,016,786 $41,173,250Central 36 28% 16% 10% 48%

119 102 $1,230,307 $1,261,621 $1,022,500 $992,500 $146,406,509 $128,685,375Kaanapali 17 17% -2% 3% 14%

33 42 $2,053,012 $1,913,665 $965,000 $1,029,444 $67,749,384 $80,373,936Kapalua -9 -21% 7% -6% -16%

457 439 $419,968 $402,653 $335,000 $342,000 $191,925,250 $176,764,638Kihei 18 4% 4% -2% 9%

72 102 $475,833 $467,459 $480,573 $442,500 $34,259,955 $47,680,785Lahaina -30 -29% 2% 9% -28%

6 3 $1,503,333 $1,308,000 $1,212,500 $1,800,000 $9,020,000 $3,924,000Lanai 3 100% 15% -33% 130%

58 43 $417,815 $362,363 $402,000 $340,000 $24,233,264 $15,581,625Maalaea 15 35% 15% 18% 56%

15 17 $177,200 $100,147 $170,000 $92,000 $2,658,000 $1,702,500Molokai -2 -12% 77% 85% 56%

266 196 $433,989 $444,009 $407,500 $399,500 $115,441,078 $87,025,833Napili/Kahana/Honokowai 70 36% -2% 2% 33%

10 3 $513,164 $548,000 $507,500 $504,000 $5,131,638 $1,644,000Pukalani 7 233% -6% 1% 212%

4 2 $905,750 $1,014,250 $321,500 $1,014,250 $3,623,000 $2,028,500Sprecklesville/Paia/Kuau 2 100% -11% -68% 79%

105 111 $1,397,156 $1,556,762 $1,075,000 $1,026,880 $146,701,400 $172,800,629Wailea/Makena -6 -5% -10% 5% -15%

1310 1189 $616,921 $638,675 $415,000 $410,000 $808,166,264 $759,385,071121 10% -3% 1% 6%Maui Summary:


Fee Simple Condominium Year To Date Sales InformationComparing 1/1/2016 thru 12/31/2016 with 1/1/2015 thru 12/31/2015

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

165 129 $369,799 $319,172 $345,000 $315,000 $61,016,786 $41,173,250Central 36 28% 16% 10% 48%

107 96 $1,325,547 $1,325,577 $1,060,000 $1,112,500 $141,833,509 $127,255,375Kaanapali 11 11% 0% -5% 11%

33 42 $2,053,012 $1,913,665 $965,000 $1,029,444 $67,749,384 $80,373,936Kapalua -9 -21% 7% -6% -16%

455 434 $419,737 $403,114 $335,000 $338,500 $190,980,250 $174,951,638Kihei 21 5% 4% -1% 9%

68 99 $496,542 $477,543 $485,573 $448,420 $33,764,855 $47,276,785Lahaina -31 -31% 4% 8% -29%

6 3 $1,503,333 $1,308,000 $1,212,500 $1,800,000 $9,020,000 $3,924,000Lanai 3 100% 15% -33% 130%

43 29 $481,274 $409,732 $450,000 $376,500 $20,694,764 $11,882,225Maalaea 14 48% 17% 20% 74%

14 17 $185,929 $100,147 $184,500 $92,000 $2,603,000 $1,702,500Molokai -3 -18% 86% 101% 53%

222 159 $461,450 $491,299 $421,000 $420,000 $102,441,854 $78,116,533Napili/Kahana/Honokowai 63 40% -6% 0% 31%

10 3 $513,164 $548,000 $507,500 $504,000 $5,131,638 $1,644,000Pukalani 7 233% -6% 1% 212%

4 2 $905,750 $1,014,250 $321,500 $1,014,250 $3,623,000 $2,028,500Sprecklesville/Paia/Kuau 2 100% -11% -68% 79%

105 111 $1,397,156 $1,556,762 $1,075,000 $1,026,880 $146,701,400 $172,800,629Wailea/Makena -6 -5% -10% 5% -15%

1232 1124 $637,630 $661,147 $429,000 $422,500 $785,560,440 $743,129,371108 10% -4% 2% 6%Maui Summary:


Leasehold Condominium Year To Date Sales InformationComparing 1/1/2016 thru 12/31/2016 with 1/1/2015 thru 12/31/2015

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

12 6 $381,083 $238,333 $270,000 $232,500 $4,573,000 $1,430,000Kaanapali 6 100% 60% 16% 220%

2 5 $472,500 $362,600 $472,500 $360,000 $945,000 $1,813,000Kihei -3 -60% 30% 31% -48%

4 3 $123,775 $134,667 $125,050 $136,000 $495,100 $404,000Lahaina 1 33% -8% -8% 23%

15 14 $235,900 $264,243 $240,000 $256,500 $3,538,500 $3,699,400Maalaea 1 7% -11% -6% -4%

1 0 $55,000 $0 $55,000 $0 $55,000 $0Molokai 1 N/A N/A N/A N/A

44 37 $295,437 $240,792 $115,000 $200,000 $12,999,224 $8,909,300Napili/Kahana/Honokowai 7 19% 23% -43% 46%

78 65 $289,818 $250,088 $202,500 $240,000 $22,605,824 $16,255,70013 20% 16% -16% 39%Maui Summary:


Land Year To Date Sales InformationComparing 1/1/2016 thru 12/31/2016 with 1/1/2015 thru 12/31/2015

Area

Number of Sales

Current YTD

Average

Year Ago YTD

Average

Average Sales Price

Percent Change

Current YTD

Median

Year Ago YTD

Median

Median Sales Price

Percent Change

Current YTD

Volume

Year Ago YTD

Volume

Total Dollar Volume

Percent Change

Current YTD Sales

Year Ago YTD

Changes Units %

19 26 $352,658 $422,952 $315,000 $263,000 $6,700,500 $10,996,741Central -7 -27% -17% 20% -39%

21 22 $865,024 $556,991 $535,000 $417,500 $18,165,500 $12,253,800Haiku -1 -5% 55% 28% 48%

3 5 $278,333 $257,800 $310,000 $300,000 $835,000 $1,289,000Hana -2 -40% 8% 3% -35%

0 1 $0 $300,000 $0 $300,000 $0 $300,000Honokohau -1 -100% -100% -100% -100%

17 14 $660,684 $669,911 $680,000 $642,500 $11,231,625 $9,378,750Kaanapali 3 21% -1% 6% 20%

5 1 $321,400 $377,000 $345,000 $377,000 $1,607,000 $377,000Kahakuloa 4 400% -15% -8% 326%

7 2 $1,081,429 $2,950,000 $925,000 $2,950,000 $7,570,000 $5,900,000Kapalua 5 250% -63% -69% 28%

0 1 $0 $468,000 $0 $468,000 $0 $468,000Kaupo -1 -100% -100% -100% -100%

12 15 $675,167 $509,767 $454,750 $450,000 $8,102,000 $7,646,500Kihei -3 -20% 32% 1% 6%

2 0 $592,500 $0 $592,500 $0 $1,185,000 $0Kipahulu 2 N/A N/A N/A N/A

13 19 $617,231 $537,961 $540,000 $550,000 $8,024,000 $10,221,250Kula/Ulupalakua/Kanaio -6 -32% 15% -2% -21%

20 10 $1,048,178 $617,200 $999,500 $508,500 $20,963,560 $6,172,000Lahaina 10 100% 70% 97% 240%

0 3 $0 $563,333 $0 $350,000 $0 $1,690,000Lanai -3 -100% -100% -100% -100%

9 5 $378,457 $714,000 $330,000 $285,000 $3,406,111 $3,570,000Makawao/Olinda/Haliimaile 4 80% -47% 16% -5%

2 1 $522,500 $625,000 $522,500 $625,000 $1,045,000 $625,000Maui Meadows 1 100% -16% -16% 67%

13 11 $142,023 $89,136 $125,000 $56,000 $1,846,300 $980,500Molokai 2 18% 59% 123% 88%

2 0 $469,250 $0 $469,250 $0 $938,500 $0Nahiku 2 N/A N/A N/A N/A

2 1 $412,500 $975,000 $412,500 $975,000 $825,000 $975,000Napili/Kahana/Honokowai 1 100% -58% -58% -15%

3 2 $731,333 $875,000 $699,000 $875,000 $2,194,000 $1,750,000Olowalu 1 50% -16% -20% 25%

6 3 $325,502 $818,333 $307,490 $550,000 $1,953,010 $2,455,000Pukalani 3 100% -60% -44% -20%

1 0 $2,950,000 $0 $2,950,000 $0 $2,950,000 $0Sprecklesville/Paia/Kuau 1 N/A N/A N/A N/A

3 12 $875,000 $4,942,083 $675,000 $4,630,000 $2,625,000 $59,305,000Wailea/Makena -9 -75% -82% -85% -96%

160 154 $638,544 $885,413 $459,750 $447,650 $102,167,106 $136,353,5416 4% -28% 3% -25%Maui Summary:


Single Family Median Prices by AreaFor Quarter Ending 12/31/2016

Current Quarter Information

$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000

Wailea/ Makena

Pukalani

Napili/ Kahana/ Honokowai

Molokai

Makawao/ Olinda/ Haliimaile

Lahaina

Kipahulu

Kaupo

Kahakuloa

Hana

Cent ral

Area Current Quarter Previous Quarter Year Ago Quarter$564,000 $559,000 $511,000Central$765,000 $920,000 $659,000Haiku

$1,200,000 $1,999,000 $0Hana$1,410,000 $1,550,000 $1,475,000Kaanapali$1,083,500 $0 $0Kahakuloa$2,400,000 $6,750,000 $0Kapalua

$0 $1,300,000 $0Kaupo$650,000 $635,000 $599,000Kihei

$0 $0 $1,795,000Kipahulu$834,950 $752,500 $707,688Kula/Ulupalakua/Kanaio$725,000 $1,025,000 $632,000Lahaina$412,500 $440,250 $392,500Lanai$480,000 $525,000 $586,000Makawao/Olinda/Haliimaile

$1,345,000 $1,449,000 $1,291,000Maui Meadows$378,000 $394,999 $252,000Molokai

$0 $575,000 $540,000Nahiku$885,000 $820,000 $732,500Napili/Kahana/Honokowai

$5,100,000 $1,700,000 $0Olowalu$711,000 $619,436 $679,500Pukalani$618,250 $675,000 $680,000Sprecklesville/Paia/Kuau

$2,500,000 $3,800,000 $1,652,500Wailea/Makena


Condominium Median Prices by AreaFor Quarter Ending 12/31/2016


$0

$100

,000

$200

,000

$300

,000

$400

,000

$500

,000

$600

,000

$700

,000

$800

,000

$900

,000

$1,00

0,000

$1,10

0,000

$1,20

0,000

$1,30

0,000

$1,40

0,000

$1,50

0,000

$1,60

0,000

$1,70

0,000

$1,80

0,000

$1,90

0,000

$2,00

0,000

$2,10

0,000

$2,20

0,000

$2,30

0,000

$2,40

0,000

$2,50

0,000

$2,60

0,000

Wa i l e a / M a k e na

S pr e c k l e sv i l l e / P a i a / Kua u

P uk a l a ni

Na pi l i / Ka ha na / Honok owa i

Na hi k u

M ol ok a i

M a k a wa o/ Ol i nda / Ha l i i ma i l e

M a a l a e a

La na i

La ha i na

Kul a / U l upa l a k ua / Ka na i o

K i he i

Ka pa l ua

Ka a na pa l i

Ha na

Ha i k u

Ce nt r a l

Area Current Quarter Previous Quarter Year Ago Quarter$400,000 $335,000 $320,500Central

$0 $0 $0Haiku$0 $0 $0Hana

$950,000 $880,000 $907,500Kaanapali$1,480,000 $1,167,500 $1,128,944Kapalua

$342,000 $350,000 $347,750Kihei$0 $0 $0Kula/Ulupalakua/Kanaio

$472,500 $394,500 $461,145Lahaina$2,425,000 $825,000 $0Lanai

$487,000 $595,000 $267,300Maalaea$0 $0 $0Makawao/Olinda/Haliimaile

$120,000 $192,500 $82,000Molokai$0 $0 $0Nahiku

$325,000 $405,000 $410,000Napili/Kahana/Honokowai$594,750 $464,375 $494,500Pukalani

$0 $1,521,500 $0Sprecklesville/Paia/Kuau$998,500 $1,148,000 $824,000Wailea/Makena


Land Median Prices by AreaFor Quarter Ending 12/31/2016


$0 $10 0 ,0 00

$2 0 0 ,0 00

$3 0 0 ,0 00

$4 0 0 ,0 00

$50 0 ,0 00

$6 0 0 ,0 00

$70 0 ,0 00

$8 0 0 ,0 00

$9 0 0 ,0 00

$1,0 0 0 ,00 0

Wailea/ Makena

Sprecklesville/ Paia/ Kuau

Pukalani

Olowalu

Napili/ Kahana/ Honokowai

Nahiku

Molokai

Maui Meadows

Makawao/ Olinda/ Haliimaile

Maalaea

Lanai

Lahaina

Kula/ Ulupalakua/ Kanaio

Kipahulu

Kihei

Keanae

Kaupo

Kapalua

Kahakuloa

Kaanapali

Honokohau

Hana

Haiku

Cent ral

Area Current Quarter Previous Quarter Year Ago Quarter$470,000 $285,000 $235,000Central$368,500 $1,712,380 $350,000Haiku$400,000 $0 $199,500Hana

$0 $0 $0Honokohau$530,000 $490,000 $730,000Kaanapali

$0 $210,000 $0Kahakuloa$795,000 $1,250,000 $0Kapalua

$0 $0 $0Kaupo$0 $0 $0Keanae

$440,000 $469,500 $235,000Kihei$900,000 $0 $0Kipahulu$680,000 $300,000 $600,000Kula/Ulupalakua/Kanaio$442,500 $1,100,000 $527,000Lahaina

$0 $0 $835,000Lanai$0 $0 $0Maalaea

$420,000 $185,000 $0Makawao/Olinda/Haliimaile$420,000 $625,000 $0Maui Meadows$77,500 $91,000 $175,000Molokai

$673,500 $0 $0Nahiku$410,000 $0 $975,000Napili/Kahana/Honokowai$699,000 $0 $0Olowalu$295,850 $303,515 $305,000Pukalani

$0 $0 $0Sprecklesville/Paia/Kuau$600,000 $675,000 $4,587,500Wailea/Makena


Documents

Maui December 2016 Statistics - Maui Real Estate · PDF fileOverview Page 1 of 2 January 11, 2017 Maui December 2016 Statistics Aloha all! Brief Maui Statistics Overview: Page 4 -