07.06.2014 Views

July 2011 - Barry Brown Team

July 2011 - Barry Brown Team

July 2011 - Barry Brown Team

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!