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August 7, <strong>2011</strong><br />

Aloha all!<br />

Attached are the Maui <strong>July</strong> <strong>2011</strong> Sales Statistics<br />

441 Ala Makani Place<br />

Kahului, Maui, HI 96732-3507<br />

Phone: 808-873-8585 ~ Fax: 808-871-8911<br />

Direct: 808-270-4646<br />

E-mail: Terry@RAMaui.com<br />

Brief Maui Statistics Overview:<br />

Pages 4 - <strong>July</strong>'s Sales Volume – <strong>July</strong>’s Residential Sales declined to 65 homes sold, while Condo<br />

Sales declined to 97 units sold. Land sales came in at 13 lots sold, same as June.<br />

Page 5 - <strong>July</strong>'s Median SALES prices – Home median prices declined to $410,001, while Condo<br />

median prices rose to $325,000. Land median price rose to $400,000.<br />

Page 6 - Days on Market for Residential homes = 144 DOM, Condos = 203 DOM, Land = 242 DOM.<br />

(General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD<br />

inventory sells, it can move this indicator upward, and vice versa. RAM's Days on Market are calculated<br />

from List Date to Closing Date [not contract date]. As such, it includes approximately 60 days of escrow<br />

time.) Also – Short Sales transactions can often take 4-6 months to close thereby extending the<br />

marketplace’s average DOM.<br />

Pages 10 - 14 – "Year to Date Sales" numbers only compare January-<strong>July</strong> <strong>2011</strong> to January-<strong>July</strong><br />

2010. Short timeframe (monthly) views do not necessarily reflect the longer timeframe trends. 2010's<br />

Year End (Dec. 2010) figures are available at:<br />

http://www.ramaui.com/UserFiles/File/Stats/All-Dec2010.pdf<br />

Year to Date: Comparing January-<strong>July</strong> <strong>2011</strong> to January-<strong>July</strong> 2010 - Residential unit sales rose<br />

(+4%), average sold price = $780,238 (+2%), median price = $441,500 (-6%) and total dollar volume<br />

sold = $396,361,086 (+6%). This includes the bump up in sales last year due to 2009-2010 Federal<br />

Tax Credit programs and <strong>2011</strong> numbers may catch up as the year progresses.<br />

Condo unit sales increased (+1%), average sold price = $510,735 (-30%), median price = $325,000<br />

(-23%). Total Condo dollar volume sold = $379,476,462 (-29%).<br />

Land – NOTE: Land Lot sales are such a small sampling that statistics in this property class are<br />

not necessarily reliable indicators. Land lot sales decreased (-5%), average sold price = $620,277<br />

(+18%), median price = $330,000 (-27%), Total dollar volume = $50,862,751 (+13%).<br />

Also, total sales for immediately past 12 months: Residential = 835, Condo = 1,154, Land = 123.<br />

August 7, <strong>2011</strong> - Active/Pending/Contingent status inventory:<br />

Aug. <strong>July</strong> June May April Mar. Feb. Jan. Dec. Nov. Oct. Sept. Aug.<br />

Homes 871 869 917 935 958 964 953 963 974 976 1,001 981 994<br />

Condos 1,120 1,124 1,159 1,203 1,305 1,331 1,379 1,383 1,371 1,347 1,394 1,455 1,503<br />

Land 531 515 532 547 554 557 566 569 601 596 601 620 604<br />

Current Absorption Rate base on this month’s Active inventory divided by <strong>July</strong> Sales is:<br />

Residential = 13.4 months, Condo = 11.6 months, Land = 40.8 months (or 3.4 years).<br />

Overview Page 1 of 2


IN A NUT SHELL......<br />

the good, the bad….. AND THE ROAD AHEAD ……<br />

Strong buyer-showing activity is now evidenced in actual reported sales, with multiple offers competing for wellpriced<br />

properties. Inventories have declined 13-20% over the past 12 months. Many short sales and REO (bank<br />

owned) properties will need to be absorbed as sales before we can move ahead to a more normal marketplace.<br />

Interest Rates are remaining near historic record lows which may help motivate would-be Buyers to go ahead and<br />

buy IF they can qualify. Current World and US events will have ripple effects on cost of living, consumer<br />

confidence, and our Real Estate Market.<br />

FOR SELLERS: Sellers who don’t really need to sell (just “fishing?”) should stay off the market, and clear the<br />

marketplace for those who REALLY have to sell. UNLESS- you are motivated to Upsize, Downsize or<br />

Upgrade – While selling now will net less, your next property will cost less. Sharpen your pencil, talk to<br />

your CPA and Realtor® to explore the hidden benefits or consequences. Make no assumptions that will<br />

sting later.<br />

To be successful, Sellers need to beat competing properties with better property condition, REALISTIC pricing,<br />

good marketing, and flexible, creative terms (Seller Second Loan, Agreement of Sale, Lease-with-option-to-buy,<br />

and Sale-with-lease-back to seller). Days on Market figures show that properties priced right will sell in a<br />

reasonable timeframe. “Priced Right” is still the determining factor.<br />

BEST Deals are selling, everything else is getting old.<br />

Pro-Active Sellers are getting their properties appraised, inspected and surveyed in advance to encourage<br />

knowledgeable offers from realistic Buyers. This can prevent unanticipated escrow fallout or Buyers whittling your<br />

price down during the transaction when previously unknown facts come to light. Unrealistic Sellers continue to<br />

be ignored by the market and miss current opportunities that later become woefully apparent. They may even<br />

end up in a Short Sale or Foreclosure situation that could have been avoided.<br />

FOR BUYERS: Low interest rates may start to inch up. Buyers should get Pre-Approved so they can shop in<br />

confidence (fewer last minute disappointments due to non-funding loans).<br />

More "short-sales" and foreclosures are happening in the marketplace, yet they can be less of a bargain than they<br />

seem, requiring more hurdles to leap and more time (often 4-6 months) to close, if at all.<br />

Be prepared, but BE REALISTIC. Lenders are much more stringent on requirements for loan approval.<br />

First-Time Home Buyers – Many programs are available….. Attend a First-Time Home Buyers workshop, get<br />

familiar with the process, get qualified/approved, do your homework to get your own home. Many current owners<br />

never thought they would be able to own until they attended a workshop, discovered they could own a home,<br />

and are glad they did.<br />

This low point in the market is your rare chance, so check it out carefully.<br />

Disclaimer: Zooming in on the figures of a specific geographic area or property type may lead to different<br />

conclusions that looking at the overall view.<br />

Maui's market place is much smaller than Oahu's, and a few high or low sales have a greater effect on the<br />

statistical numbers without necessarily indicating a big market swing one way or another.<br />

For questions regarding today’s market, please call our RAM <strong>2011</strong> President, Sarah Sorenson at<br />

808-283-3969.<br />

If you have any questions regarding hard numbers, call Terry at 808-270-4646.<br />

Mahalo,<br />

Terry Tolman<br />

RAM Chief Staff Executive<br />

Overview Page 2 of 2


Single Family Monthly Sales Volume<br />

For Month Ending 7/31/<strong>2011</strong><br />

Area Name<br />

Current Month<br />

Units Volume Median<br />

Previous Month<br />

Units Volume Median<br />

Year Ago Month<br />

Units Volume Median<br />

Central 16 $6,547,551 $374,500 26 $9,479,388 $357,900 20 $8,856,800 $427,500<br />

Haiku 4 $6,141,000 $1,425,000 5 $2,625,000 $515,000 4 $3,129,000 $612,000<br />

Kaanapali 3 $4,435,000 $1,300,000 4 $7,070,000 $1,487,500 3 $2,620,000 $900,000<br />

Kapalua 2 $7,360,000 $3,680,000 2 $3,462,500 $1,731,250 1 $2,750,000 $2,750,000<br />

Kihei 13 $5,271,501 $385,000 12 $6,552,777 $496,889 7 $6,713,710 $700,000<br />

Kula/Ulupalakua/Kanaio 5 $3,389,000 $750,000 6 $4,310,000 $562,500 5 $6,924,100 $430,100<br />

Lahaina 4 $3,142,100 $841,050 2 $794,000 $397,000 1 $310,550 $310,550<br />

Lanai 3 $779,000 $270,000 1 $429,000 $429,000 0 $0 $0<br />

Makawao/Olinda/Haliimaile 3 $1,183,000 $293,000 7 $2,478,500 $335,000 4 $4,141,500 $470,750<br />

Maui Meadows 1 $740,000 $740,000 2 $2,153,250 $1,076,625 2 $3,839,900 $1,919,950<br />

Molokai 0 $0 $0 3 $883,600 $98,600 0 $0 $0<br />

Napili/Kahana/Honokowai 6 $2,679,900 $367,500 4 $8,682,000 $767,500 6 $3,749,900 $617,500<br />

Pukalani 2 $705,000 $352,500 3 $1,900,000 $350,000 5 $2,020,000 $400,000<br />

Sprecklesville/Paia/Kuau 1 $360,000 $360,000 2 $2,555,000 $1,277,500 1 $725,000 $725,000<br />

Wailea/Makena 2 $29,100,000 4,550,000 2 $6,700,000 $3,350,000 2 $2,112,500 $1,056,250<br />

Maui Summary : 65 $71,833,052 $410,001 81 $60,075,015 $429,000 61 $47,892,960 $500,000<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 1


Condominium Monthly Sales Volume<br />

For Month Ending 7/31/<strong>2011</strong><br />

Area Name<br />

Current Month<br />

Units Volume Median<br />

Previous Month<br />

Units Volume Median<br />

Year Ago Month<br />

Units Volume Median<br />

Central 8 $1,180,940 $116,975 9 $2,112,173 $199,000 5 $850,000 $160,000<br />

Hana 1 $570,000 $570,000 0<br />

$0 $0 0 $0 $0<br />

Kaanapali 13 $10,087,000 $575,000 11 $7,000,750 $650,000 7 $6,765,495 $999,995<br />

Kapalua 2 $1,160,000 $580,000 4 $8,475,000 $2,262,500 2 $933,000 $466,500<br />

Kihei 31 $8,616,080 $236,000 40 $9,608,991 $221,000 31 $11,116,200 $290,000<br />

Lahaina 12 $4,173,396 $338,500 5 $1,813,339 $362,000 3 $1,252,000 $415,000<br />

Maalaea 7 $2,228,900 $150,000 3 $1,535,500 $140,000 2 $717,500 $358,750<br />

Molokai 1 $90,000 $90,000 0<br />

$0 $0 0 $0 $0<br />

Napili/Kahana/Honokowai 15 $5,192,500 $232,000 21 $7,199,000 $280,000 13 $5,458,400 $340,000<br />

Pukalani 1 $349,000 $349,000 1 $344,000 $344,000 1 $380,500 $380,500<br />

Wailea/Makena 6 $5,510,000 $740,000 8 $17,218,888 $1,266,944 5 $3,924,955 $737,955<br />

Maui Summary : 97 $39,157,816 $325,000 102 $55,307,641 $294,500 69 $31,398,050 $390,000<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 2


Land Monthly Sales Volume<br />

For Month Ending 7/31/<strong>2011</strong><br />

Area Name<br />

Current Month<br />

Units Volume Median<br />

Previous Month<br />

Units Volume Median<br />

Year Ago Month<br />

Units Volume Median<br />

Central 3 $1,068,400 $125,000 2 $264,000 $132,000 4 $2,017,780 $210,750<br />

Haiku 2 $1,035,000 $517,500 0<br />

$0 $0 1 $220,000 $220,000<br />

Hana 0 $0 $0 1 $345,000 $345,000 0 $0 $0<br />

Kaanapali 1 $280,000 $280,000 2 $820,000 $410,000 4 $1,665,000 $370,000<br />

Kahakuloa 1 $180,000 $180,000 0<br />

$0 $0 0 $0 $0<br />

Kapalua 1 $900,000 $900,000 0<br />

$0 $0 0 $0 $0<br />

Kula/Ulupalakua/Kanaio 1 $709,000 $709,000 1 $500,000 $500,000 0 $0 $0<br />

Lahaina 2 $2,075,000 $1,037,500 2 $2,635,000 $1,317,500 4 $2,329,710 $594,100<br />

Makawao/Olinda/Haliimaile 0 $0 $0 1 $299,000 $299,000 1 $565,000 $565,000<br />

Molokai 1 $29,000 $29,000 3 $357,500 $92,500 0 $0 $0<br />

Pukalani 1 $168,000 $168,000 0<br />

$0 $0 1 $215,000 $215,000<br />

Wailea/Makena 0 $0 $0 1 $385,000 $385,000 0 $0 $0<br />

Maui Summary : 13 $6,444,400 $400,000 13 $5,605,500 $299,000 15 $7,012,490 $400,000<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 3


Sales Volume By Month<br />

For Month Ending 7/31/<strong>2011</strong><br />

180<br />

160<br />

140<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

Jan-06<br />

Mar-06<br />

May-06<br />

2006<br />

Jul-06<br />

Sep-06<br />

Nov-06<br />

Jan-07<br />

Mar-07<br />

May-07<br />

Jul-07<br />

Sep-07<br />

Nov-07<br />

Jan-08<br />

Mar-08<br />

2007<br />

May-08<br />

Jul-08<br />

Sep-08<br />

Con Lnd Re s<br />

2008<br />

Nov-08<br />

Jan-09<br />

Mar-09<br />

May-09<br />

Jul-09<br />

Sep-09<br />

Nov-09<br />

Jan-10<br />

Mar-10<br />

2009<br />

2010<br />

May-10<br />

Jul-10<br />

Sep-10<br />

Nov-10<br />

Jan-11<br />

Mar-11<br />

May-11<br />

Jul-11<br />

<strong>2011</strong><br />

Month<br />

Single<br />

Family<br />

Condo Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Jan<br />

86 130 28<br />

106 99 15<br />

57 89 7<br />

31 108 3<br />

48 75 12<br />

54 87 9<br />

Feb<br />

60 119 34<br />

104 84 30<br />

76 95 24<br />

34 84 6<br />

54 95 7<br />

59 98 7<br />

Mar<br />

107 144 39<br />

131 95 17<br />

95 92 10<br />

56 67 14<br />

72 125 12<br />

89 125 11<br />

Apr<br />

72 117 21<br />

96 117 26<br />

78 94 8<br />

50 41 11<br />

91 162 15<br />

89 120 14<br />

May<br />

87 137 16<br />

101 111 29<br />

97 84 9<br />

60 52 8<br />

81 105 16<br />

71 114 15<br />

Jun<br />

87 112 25<br />

112 113 26<br />

76 56 11<br />

65 55 8<br />

81 106 9<br />

81 102 13<br />

Jul<br />

88 84 16<br />

86 99 13<br />

97 63 7<br />

59 78 12<br />

61 69 15<br />

65 97 13<br />

Aug<br />

100 69 20<br />

83 115 10<br />

66 51 6<br />

53 66 3<br />

69 81 7<br />

Sep<br />

63 74 13<br />

74 84 16<br />

66 50 7<br />

54 63 10<br />

65 98 7<br />

Oct<br />

86 93 13<br />

80 112 17<br />

81 49 4<br />

74 61 8<br />

64 73 6<br />

Nov<br />

117 77 11<br />

83 86 16<br />

66 29 4<br />

67 70 17<br />

58 66 7<br />

Dec<br />

129 93 17<br />

87 73 14<br />

55 38 2<br />

90 81 11<br />

73 93 14<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sales data - Information deemed reliable, however not guaranteed Page 4


Sales Median By Month<br />

For Month Ending 7/31/<strong>2011</strong><br />

$1,000,000<br />

$900,000<br />

$800,000<br />

$700,000<br />

$600,000<br />

$500,000<br />

$400,000<br />

$300,000<br />

$200,000<br />

$100,000<br />

$0<br />

Jan-06<br />

Apr-06<br />

Jul-06<br />

Oct-06<br />

Jan-07<br />

Apr-07<br />

Jul-07<br />

Oct-07<br />

Jan-08<br />

Apr-08<br />

Jul-08<br />

Oct-08<br />

Jan-09<br />

Apr-09<br />

Jul-09<br />

Oct-09<br />

Jan-10<br />

Apr-10<br />

Jul-10<br />

Oct-10<br />

Jan-11<br />

Apr-11<br />

Jul-11<br />

Oct-11<br />

Con Lnd Res<br />

Month<br />

Jan<br />

Single<br />

Family<br />

2006<br />

Condo<br />

Land<br />

690500 433872 430000<br />

Single<br />

Family<br />

2007<br />

Condo<br />

Land<br />

602000 600000 700000<br />

Single<br />

Family<br />

2008<br />

Condo<br />

Land<br />

Single<br />

Family<br />

2009<br />

Condo<br />

Land<br />

563225 610000 600000 558000 805000 70000<br />

Single<br />

Family<br />

2010<br />

Condo<br />

Land<br />

464500 404000 516300<br />

Single<br />

Family<br />

<strong>2011</strong><br />

Condo<br />

Land<br />

495415 295000 300000<br />

Feb<br />

669500 430100 800000<br />

635000 596000 342000<br />

624391 575000 1195000 545000 692500 262500<br />

504150 424000 350000<br />

440000 371200 282500<br />

Mar<br />

725000 527625 701000<br />

625000 469500 550000<br />

620000 538500 537500 504500 468000 1669250<br />

460000 499000 600000<br />

450000 289000 500000<br />

Apr<br />

May<br />

Jun<br />

Jul<br />

Aug<br />

700000 539000 790000<br />

729000 600000 658000<br />

725000 647000 625000<br />

780000 512500 452500<br />

749500 495000 680000<br />

671000 485000 843750<br />

653746 531325 550000<br />

667000 475000 682500<br />

650000510000 575000<br />

639996 592000 662500<br />

577500 600000 477000 497000 410000 1100000<br />

567000 512500 600000 482500 399000 665000<br />

606000 577500 700000 495000 469000 441000<br />

610000 575000 1025000 532000 417000 322500<br />

645000 625000 422505 500000 371250 999990<br />

465000 450000 540000<br />

442000 410000 547500<br />

480000 435000 360000<br />

500000 390000 400000<br />

460000 310000 387500<br />

500000 338603 382500<br />

418000 349500 275000<br />

429000 294500 299000<br />

410001325000 400000<br />

Sep<br />

769000 4945001450000<br />

586000 599000450000<br />

537500 388500290500<br />

440000 307500712500<br />

440000 315635285000<br />

Oct<br />

650000 515000 700000<br />

591000 552000 450000<br />

510000 385000 590000 488500 400842 382450<br />

427500 320000 207500<br />

Nov<br />

609881 575000 460000<br />

631900 640156 465000<br />

475500 399000 507140 465000 399000 450000<br />

445000 349990 425000<br />

Dec<br />

625205 525000 767472<br />

582002 626000 650000<br />

570000 517000 2171300 477000 399000 420000<br />

460000 352000 394850<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sales data - Information deemed reliable, however not guaranteed Page 5


Sales Days on Market By Month<br />

For Month Ending 7/31/<strong>2011</strong><br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

Jan-06<br />

Apr-06<br />

Jul-06<br />

Oct-06<br />

Jan-07<br />

Apr-07<br />

Jul-07<br />

Oct-07<br />

Jan-08<br />

Apr-08<br />

Jul-08<br />

Oct-08<br />

Jan-09<br />

Apr-09<br />

Jul-09<br />

Oct-09<br />

Jan-10<br />

Apr-10<br />

Jul-10<br />

Oct-10<br />

Jan-11<br />

Apr-11<br />

Jul-11<br />

Oct-11<br />

Con Lnd Re s<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

<strong>2011</strong><br />

Month<br />

Single<br />

Family<br />

Condo Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Single<br />

Family<br />

Condo<br />

Land<br />

Jan<br />

Feb<br />

121 102 558<br />

130 144 75<br />

113 180 162<br />

138 174 432<br />

151 223 379<br />

134 141 679<br />

176 1126 496<br />

199 1152 228<br />

224 247 248<br />

127 229 351<br />

112 180 240<br />

147 192 180<br />

Mar<br />

Apr<br />

May<br />

Jun<br />

Jul<br />

Aug<br />

Sep<br />

134 126 104<br />

108 121 152<br />

121 136 189<br />

123 151 133<br />

131 127 224<br />

125 126 153<br />

129 128 337<br />

150 152 230<br />

167 145 197<br />

158 153 184<br />

186 152 314<br />

146 161 147<br />

112 175 203<br />

137 157 231<br />

162 176 137<br />

138 175 164<br />

183 140 227<br />

154 147 180<br />

167 167 218<br />

209 138 174<br />

174 164 217<br />

163 191 108<br />

137 211 195<br />

150 127 337<br />

111 115 300<br />

212 190 230<br />

159 216 427<br />

158 135 185<br />

138 233 230<br />

153 179 162<br />

132 192 200<br />

131 184 174<br />

119 132 292<br />

118 202 124<br />

122 129 169<br />

150 185 231<br />

146 142 362<br />

138 201 175<br />

141 145 145<br />

144 203 242<br />

Oct<br />

Nov<br />

Dec<br />

116 144 236<br />

162 232 124<br />

145 170 161<br />

165 143 163<br />

163 204 259<br />

176 200 181<br />

158 186 93<br />

142 160 312<br />

159 169 88<br />

190 143 384<br />

168 192 284<br />

154 175 111<br />

181 141 220<br />

166 147 196<br />

153 172 190<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 6


Single Family Median Prices by Area<br />

For Month Ending 7/31/<strong>2011</strong><br />

Current Month Information<br />

Central<br />

Haiku<br />

Kaanapali<br />

Kapalua<br />

Kihei<br />

Kula/Ulupalakua/ Kanaio<br />

Lahaina<br />

Lanai<br />

M akawao/Olinda/Haliimaile<br />

M aui M eadows<br />

Molokai<br />

Napili/Kahana/Honokowai<br />

Pukalani<br />

Sprecklesville/Paia/Kuau<br />

Wailea/ M akena<br />

0 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 1,750,000 2,000,000<br />

Area Current Month Previous Month Year Ago Month<br />

Central<br />

$374,500 $357,900 $145,000<br />

Haiku<br />

$1,425,000 $515,000 $612,000<br />

Kaanapali<br />

$1,300,000 $1,487,500 $900,000<br />

Kapalua<br />

$3,680,000 $1,731,250 $2,750,000<br />

Kihei<br />

$385,000 $496,889 $700,000<br />

Kula/Ulupalakua/Kanaio<br />

$750,000 $562,500 $430,100<br />

Lahaina<br />

$841,050 $397,000 $310,550<br />

Lanai<br />

$270,000 $429,000 $0<br />

Makawao/Olinda/Haliimaile<br />

$293,000 $335,000 $470,750<br />

Maui Meadows<br />

$740,000 $1,076,625 $1,919,950<br />

Molokai<br />

$0 $98,600 $0<br />

Napili/Kahana/Honokowai<br />

$367,500 $767,500 $617,500<br />

Pukalani<br />

$352,500 $350,000 $400,000<br />

Sprecklesville/Paia/Kuau<br />

$360,000 $1,277,500 $725,000<br />

Wailea/Makena<br />

$14,550,000 $3,350,000 $1,056,250<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 7


Condominium Median Prices by Area<br />

For Month Ending 7/31/<strong>2011</strong><br />

Current Month Information<br />

$800,000<br />

$700,000<br />

$600,000<br />

$500,000<br />

$400,000<br />

$300,000<br />

$200,000<br />

$100,000<br />

$0<br />

Central<br />

Hana<br />

Kaanapali<br />

Kapalua<br />

Kihei<br />

Lahaina<br />

Maalaea<br />

Molokai<br />

Napili/Kahana/Honokowai<br />

Pukalani<br />

Wailea/Makena<br />

Area Current Month Previous Month Year Ago Month<br />

Central<br />

$116,975 $199,000 $160,000<br />

Hana<br />

$570,000 $0 $0<br />

Kaanapali<br />

$575,000 $650,000 $999,995<br />

Kapalua<br />

$580,000 $2,262,500 $466,500<br />

Kihei<br />

$236,000 $221,000 $290,000<br />

Lahaina<br />

$338,500 $362,000 $415,000<br />

Maalaea<br />

$150,000 $140,000 $358,750<br />

Molokai<br />

$90,000 $0 $0<br />

Napili/Kahana/Honokowai<br />

$232,000 $280,000 $340,000<br />

Pukalani<br />

$349,000 $344,000 $380,500<br />

Wailea/Makena<br />

$740,000 $1,266,944 $737,955<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 8


Land Median Prices by Area<br />

For Month Ending 7/31/<strong>2011</strong><br />

Current Month Information<br />

Central<br />

Haik u<br />

Hana<br />

Kaanapali<br />

Kahak uloa<br />

Kapalua<br />

Kula/Ulupalakua/Kanaio<br />

Lahaina<br />

Makawao/Olinda/Haliimaile<br />

Molokai<br />

Pukalani<br />

Wailea/Makena<br />

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000<br />

Area Current Month Previous Month Year Ago Month<br />

Central<br />

Haiku<br />

Hana<br />

Kaanapali<br />

Kahakuloa<br />

Kapalua<br />

Kula/Ulupalakua/Kanaio<br />

Lahaina<br />

Makawao/Olinda/Haliimaile<br />

Molokai<br />

Pukalani<br />

Wailea/Makena<br />

$125,000 $132,000 $210,750<br />

$517,500 $0 $220,000<br />

$0 $345,000 $0<br />

$280,000 $410,000 $370,000<br />

$180,000 $0 $0<br />

$900,000 $0 $0<br />

$709,000 $500,000 $0<br />

$1,037,500 $1,317,500 $594,100<br />

$0 $299,000 $565,000<br />

$29,000 $92,500 $0<br />

$168,000 $0 $215,000<br />

$0 $385,000 $0<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteedc Page 9


Single Family Year To Date Sales Information<br />

Comparing 1/1/<strong>2011</strong> thru 7/31/<strong>2011</strong> with 1/1/2010 thru 7/31/2010<br />

Number of Sales<br />

Average Sales Price<br />

Median Sales Price<br />

Total Dollar Volume<br />

Area<br />

Current<br />

YTD<br />

Sales<br />

Year<br />

Ago<br />

YTD<br />

Changes<br />

Units %<br />

Current<br />

YTD<br />

Average<br />

Year Ago<br />

YTD<br />

Average<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Median<br />

Year Ago<br />

YTD<br />

Median<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Volume<br />

Year Ago<br />

YTD<br />

Volume<br />

Percent<br />

Change<br />

Central 148 155 -7 -5% $397,391 $427,072 -7% $380,000 $430,000 -12% $58,813,849 $66,196,207 -11%<br />

Haiku 26 27 -1 -4% $846,777 $632,648 34% $698,500 $520,000 34% $22,016,200 $17,081,500 29%<br />

Hana 1 2 -1 -50% $208,550 $705,000 -70% $208,550 $705,000 -70% $208,550 $1,410,000 -85%<br />

Kaanapali 23 15 8 53% $1,340,261 $1,372,000 -2% $1,100,000 $1,100,000 0% $30,826,000 $20,580,000 50%<br />

Kapalua 9 5 4 80% $4,663,611 $3,915,000 19% $2,850,000 $3,000,000 -5% $41,972,500 $19,575,000 114%<br />

Keanae 0 0 0 N/A $0 $0 N/A $0 $0 N/A $0 $0 N/A<br />

Kihei 87 90 -3 -3% $517,564 $553,426 -6% $405,000 $449,500 -10% $45,028,078 $49,808,342 -10%<br />

Kula/Ulupalakua/Kanaio 39 32 7 22% $748,818 $763,846 -2% $554,000 $491,000 13% $29,203,890 $24,443,056 19%<br />

Lahaina 24 25 -1 -4% $1,014,525 $921,694 10% $722,500 $501,900 44% $24,348,600 $23,042,350 6%<br />

Lanai 7 4 3 75% $294,000 $328,250 -10% $270,000 $264,000 2% $2,058,000 $1,313,000 57%<br />

Makawao/Olinda/Haliimaile 34 27 7 26% $423,260 $582,646 -27% $325,000 $399,000 -19% $14,390,850 $15,731,450 -9%<br />

Maui Meadows 13 13 0 0% $935,088 $996,338 -6% $770,000 $700,000 10% $12,156,150 $12,952,400 -6%<br />

Molokai 11 5 6 120% $391,489 $653,200 -40% $350,000 $450,000 -22% $4,306,375 $3,266,000 32%<br />

Nahiku 0 0 0 N/A $0 $0 N/A $0 $0 N/A $0 $0 N/A<br />

Napili/Kahana/Honokowai 24 18 6 33% $1,146,318 $870,144 32% $627,500 $662,500 -5% $27,511,636 $15,662,600 76%<br />

Olowalu 1 0 1 N/A $414,000 $0 N/A $414,000 $0 N/A $414,000 $0 N/A<br />

Pukalani 35 39 -4 -10% $540,180 $499,895 8% $475,000 $430,000 10% $18,906,308 $19,495,900 -3%<br />

Sprecklesville/Paia/Kuau 14 11 3 27% $763,221 $597,591 28% $567,000 $550,000 3% $10,685,100 $6,573,500 63%<br />

Wailea/Makena 12 20 -8 -40% $4,459,583 $3,847,900 16% $1,850,000 $1,699,500 9% $53,515,000 $76,958,000 -30%<br />

Maui Summary:<br />

508 488 20 4% $780,238 $766,576 2% $441,500 $469,000 -6% $396,361,086 $374,089,305 6%<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 10


Condominium Year To Date Sales Information<br />

Comparing 1/1/<strong>2011</strong> thru 7/31/<strong>2011</strong> with 1/1/2010 thru 7/31/2010<br />

Number of Sales<br />

Average Sales Price<br />

Median Sales Price<br />

Total Dollar Volume<br />

Area<br />

Current<br />

YTD<br />

Sales<br />

Year<br />

Ago<br />

YTD<br />

Changes<br />

Units %<br />

Current<br />

YTD<br />

Average<br />

Year Ago<br />

YTD<br />

Average<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Median<br />

Year Ago<br />

YTD<br />

Median<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Volume<br />

Year Ago<br />

YTD<br />

Volume<br />

Percent<br />

Change<br />

Central 74 54 20 37% $205,588 $215,034 -4% $194,500 $191,250 2% $15,213,528 $11,611,830 31%<br />

Hana 1 0 1 N/A $570,000 $0 N/A $570,000 $0 N/A $570,000 $0 N/A<br />

Kaanapali 88 191 -103 -54% $819,297 $1,277,663 -36% $650,000 $859,950 -24% $72,098,150 $244,033,648 -70%<br />

Kapalua 16 16 0 0% $1,140,581 $1,486,625 -23% $634,500 $770,000 -18% $18,249,300 $23,786,000 -23%<br />

Kihei 267 235 32 14% $303,256 $343,272 -12% $240,000 $276,000 -13% $80,969,377 $80,669,028 0%<br />

Lahaina 47 37 10 27% $465,936 $408,866 14% $350,000 $400,000 -13% $21,898,975 $15,128,050 45%<br />

Lanai 7 1 6 600% $1,303,557 $460,000 183% $1,050,400 $460,000 128% $9,124,900 $460,000 1884%<br />

Maalaea 28 25 3 12% $320,930 $383,270 -16% $259,000 $317,500 -18% $8,986,050 $9,581,750 -6%<br />

Molokai 8 13 -5 -38% $132,800 $146,231 -9% $125,500 $160,000 -22% $1,062,400 $1,901,000 -44%<br />

Napili/Kahana/Honokowai 132 94 38 40% $304,946 $339,570 -10% $260,000 $303,000 -14% $40,252,894 $31,919,600 26%<br />

Pukalani 4 1 3 300% $340,500 $380,500 -11% $346,500 $380,500 -9% $1,362,000 $380,500 258%<br />

Wailea/Makena 71 70 1 1% $1,544,914 $1,668,310 -7% $900,000 $967,500 -7% $109,688,888 $116,781,719 -6%<br />

Maui Summary:<br />

743 737 6 1% $510,735 $727,616 -30% $325,000 $420,000 -23% $379,476,462 $536,253,125 -29%<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 11


Fee Simple Condominium Year To Date Sales Information<br />

Comparing 1/1/<strong>2011</strong> thru 7/31/<strong>2011</strong> with 1/1/2010 thru 7/31/2010<br />

Number of Sales<br />

Average Sales Price<br />

Median Sales Price<br />

Total Dollar Volume<br />

Area<br />

Current<br />

YTD<br />

Sales<br />

Year<br />

Ago<br />

YTD<br />

Changes<br />

Units %<br />

Current<br />

YTD<br />

Average<br />

Year Ago<br />

YTD<br />

Average<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Median<br />

Year Ago<br />

YTD<br />

Median<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Volume<br />

Year Ago<br />

YTD<br />

Volume<br />

Percent<br />

Change<br />

Central 74 54 20 37% $205,588 $215,034 -4% $194,500 $191,250 2% $15,213,528 $11,611,830 31%<br />

Hana 1 0 1 N/A $570,000 $0 N/A $570,000 $0 N/A $570,000 $0 N/A<br />

Kaanapali 81 188 -107 -57% $855,446 $1,291,950 -34% $655,000 $871,500 -25% $69,291,150 $242,886,648 -71%<br />

Kapalua 16 16 0 0% $1,140,581 $1,486,625 -23% $634,500 $770,000 -18% $18,249,300 $23,786,000 -23%<br />

Kihei 267 232 35 15% $303,256 $343,078 -12% $240,000 $275,000 -13% $80,969,377 $79,594,028 2%<br />

Lahaina 46 36 10 28% $475,152 $418,328 14% $351,500 $402,000 -13% $21,856,975 $15,059,800 45%<br />

Lanai 7 1 6 600% $1,303,557 $460,000 183% $1,050,400 $460,000 128% $9,124,900 $460,000 1884%<br />

Maalaea 17 17 0 0% $429,715 $441,574 -3% $399,000 $400,000 0% $7,305,150 $7,506,750 -3%<br />

Molokai 7 12 -5 -42% $142,929 $153,000 -7% $161,000 $160,000 1% $1,000,500 $1,836,000 -46%<br />

Napili/Kahana/Honokowai 102 76 26 34% $327,980 $372,501 -12% $267,500 $327,500 -18% $33,453,994 $28,310,100 18%<br />

Pukalani 4 1 3 300% $340,500 $380,500 -11% $346,500 $380,500 -9% $1,362,000 $380,500 258%<br />

Wailea/Makena 71 70 1 1% $1,544,914 $1,668,310 -7% $900,000 $967,500 -7% $109,688,888 $116,781,719 -6%<br />

Maui Summary:<br />

693 703 -10 -1% $531,148 $751,370 -29% $335,000 $434,000 -23% $368,085,762 $528,213,375 -30%<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 12


Leasehold Condominium Year To Date Sales Information<br />

Comparing 1/1/<strong>2011</strong> thru 7/31/<strong>2011</strong> with 1/1/2010 thru 7/31/2010<br />

Number of Sales<br />

Average Sales Price<br />

Median Sales Price<br />

Total Dollar Volume<br />

Area<br />

Current<br />

YTD<br />

Sales<br />

Year<br />

Ago<br />

YTD<br />

Changes<br />

Units %<br />

Current<br />

YTD<br />

Average<br />

Year Ago<br />

YTD<br />

Average<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Median<br />

Year Ago<br />

YTD<br />

Median<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Volume<br />

Year Ago<br />

YTD<br />

Volume<br />

Percent<br />

Change<br />

Kaanapali 7 3 4 133% $401,000 $382,333 5% $267,000 $400,000 -33% $2,807,000 $1,147,000 145%<br />

Kihei 0 3 -3 -100% $0 $358,333 -100% $0 $350,000 -100% $0 $1,075,000 -100%<br />

Lahaina 1 1 0 0% $42,000 $68,250 -38% $42,000 $68,250 -38% $42,000 $68,250 -38%<br />

Maalaea 11 8 3 38% $152,809 $259,375 -41% $150,000 $250,000 -40% $1,680,900 $2,075,000 -19%<br />

Molokai 1 1 0 0% $61,900 $65,000 -5% $61,900 $65,000 -5% $61,900 $65,000 -5%<br />

Napili/Kahana/Honokowai 30 18 12 67% $226,630 $200,528 13% $167,000 $192,500 -13% $6,798,900 $3,609,500 88%<br />

Maui Summary:<br />

50 34 16 47% $227,814 $236,463 -4% $171,750 $237,500 -28% $11,390,700 $8,039,750 42%<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 13


Land Year To Date Sales Information<br />

Comparing 1/1/<strong>2011</strong> thru 7/31/<strong>2011</strong> with 1/1/2010 thru 7/31/2010<br />

Number of Sales<br />

Average Sales Price<br />

Median Sales Price<br />

Total Dollar Volume<br />

Area<br />

Current<br />

YTD<br />

Sales<br />

Year<br />

Ago<br />

YTD<br />

Changes<br />

Units %<br />

Current<br />

YTD<br />

Average<br />

Year Ago<br />

YTD<br />

Average<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Median<br />

Year Ago<br />

YTD<br />

Median<br />

Percent<br />

Change<br />

Current<br />

YTD<br />

Volume<br />

Year Ago<br />

YTD<br />

Volume<br />

Percent<br />

Change<br />

Central 13 14 -1 -7% $354,431 $393,949 -10% $145,000 $195,750 -26% $4,607,600 $5,515,280 -16%<br />

Haiku 7 11 -4 -36% $459,286 $400,864 15% $400,000 $430,000 -7% $3,215,000 $4,409,500 -27%<br />

Hana 1 1 0 0% $345,000 $1,390,000 -75% $345,000 $1,390,000 -75% $345,000 $1,390,000 -75%<br />

Kaanapali 14 8 6 75% $468,107 $441,250 6% $512,500 $437,500 17% $6,553,500 $3,530,000 86%<br />

Kahakuloa 4 0 4 N/A $266,354 $0 N/A $252,708 $0 N/A $1,065,415 $0 N/A<br />

Kapalua 5 0 5 N/A $906,000 $0 N/A $950,000 $0 N/A $4,530,000 $0 N/A<br />

Keanae 1 0 1 N/A $260,000 $0 N/A $260,000 $0 N/A $260,000 $0 N/A<br />

Kihei 4 1 3 300% $1,432,500 $610,000 135% $330,000 $610,000 -46% $5,730,000 $610,000 839%<br />

Kula/Ulupalakua/Kanaio 6 6 0 0% $462,333 $305,483 51% $442,500 $240,000 84% $2,774,000 $1,832,900 51%<br />

Lahaina 8 22 -14 -64% $989,375 $727,023 36% $950,000 $655,280 45% $7,915,000 $15,994,510 -51%<br />

Lanai 1 0 1 N/A $3,612,500 $0 N/A $3,612,500 $0 N/A $3,612,500 $0 N/A<br />

Makawao/Olinda/Haliimaile 2 5 -3 -60% $279,000 $717,900 -61% $279,000 $565,000 -51% $558,000 $3,589,500 -84%<br />

Maui Meadows 0 1 -1 -100% $0 $575,000 -100% $0 $575,000 -100% $0 $575,000 -100%<br />

Molokai 11 8 3 38% $126,249 $219,813 -43% $92,500 $113,250 -18% $1,388,736 $1,758,500 -21%<br />

Nahiku 0 1 -1 -100% $0 $520,000 -100% $0 $520,000 -100% $0 $520,000 -100%<br />

Napili/Kahana/Honokowai 1 0 1 N/A $265,000 $0 N/A $265,000 $0 N/A $265,000 $0 N/A<br />

Pukalani 2 2 0 0% $179,000 $233,750 -23% $179,000 $233,750 -23% $358,000 $467,500 -23%<br />

Sprecklesville/Paia/Kuau 0 1 -1 -100% $0 $150,000 -100% $0 $150,000 -100% $0 $150,000 -100%<br />

Wailea/Makena 2 5 -3 -60% $3,842,500 $942,200 308% $3,842,500 $1,295,000 197% $7,685,000 $4,711,000 63%<br />

Maui Summary:<br />

82 86 -4 -5% $620,277 $523,880 18% $330,000 $450,000 -27% $50,862,751 $45,053,690 13%<br />

SOURCE: REALTORS Association of Maui - www.RAMaui.com<br />

MLS Sale data - Information deemed reliable, however not guaranteed Page 14

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