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441 Ala Makani Place

Kahului, Maui, HI 96732-3507


Phone: 808-873-8585 ~ Fax: 808-871-8911
Direct: 808-270-4602
E-mail: Terry@RAMaui.com

Maui April 2015 Statistics

May 7, 2015
Aloha all!
Brief Maui Statistics Overview:

NOTE: Our statistics program previously indexed the southernmost portion of South Kihei Rd. Keawakapu
Beach (TMKs in 2-2-1- Plat 10) as being Wailea whereas it is really Kihei. This has been corrected and will be
reflected in all reports produced going forward including historical sales in our Statistical Reports (1993 to
present). This only affected area allocations, not monthly or annual totals.
Page 4 - April's Sales Unit Volume Residential sales held steady at 85 homes sold while Condominium sales
declined to 104 units sold. Land sales came in at 12 lots sold.
Page 5 - April's Median SALES prices The Residential median price settled back to $575,000 while the Condo
median price declined to $407,500. Land median price increased to $417,500.
Page 6 - Days on Market, Residential homes = 105, Condos = 113 DOM, Land = 161 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 Year to Date Sales" numbers compare only four months, January April 2015 to January
April 2014. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends. Big
percentage changes may be misleading or misunderstood so be careful. Early 2014 monthly numbers were
quite strong making early 2015 seem a bit pale in comparison. Anticipate that they will even out as we
progress through the year.
For a more comprehensive view, compare to 2014's Year-End (Dec. 2014) figures available at:
http://www.ramaui.com/UserFiles/File/Stats/All-December2014.pdf
YTD - Residential unit sales increased (305 homes sold / +26 units / +9% change YTD), average sold price =
$875,867 (-17%YTD), median price = $586,000 (0% change YTD) and total dollar volume sold = $267,139,435
(-9%YTD).
YTD - Condo unit sales decreased (404 units sold / -42 units / -9%YTD), average sold price = $668,739
(+9%YTD), median price = $436,238 (+8%YTD). Total Condo dollar volume sold = $270,170,697 (-1% YTD).
Land NOTE: Land Lot sales are such a small sampling that statistics in this property class are not
necessarily reliable indicators. Land lot sales declined (53 lots / -6 units / -10% YTD change), average sold
price = $568,655 (-14%), median price = $490,000 (-2%), Total dollar volume = $30,138,741 (-23% YTD).
Total sales for immediate past 12 months: Residential = 971 (with 12.8% being REO or Short Sale),
Condo = 1,160 (7.3% REO or SS), Land = 161 (3.1% REO or SS).
NOTE: 40% of these Sales in the last 12 months have been CASH transactions.

As of May 7, 2015 - Active/Pending-Continue to Show/Contingent status inventory:


Homes
Condos
Land

May 15
725
1,024
369

April
747
1,069
360

Mar.
746
1,062
383

Feb.
716
1,049
392

Jan.
672
977
393

Dec.14
676
963
397

Nov.
641
890
401

Oct.
646
858
399

Sept.
674
871
407

Aug.
675
900
414

July
688
868
406

June
666
854
405

May 14
682
856
399

Current Absorption Rate base on this months Active/Pending-Continue to Show/Contingent status


inventory divided by April Sales: Residential = 8.9 months, Condo = 8.8 months, Land = 25.7 months of
inventory.
For Absorption Rate enthusiasts who calculate only pure Active, (not any pending/contingent) divided
by April Sales: Residential 550 Active/ 85 Sold =6.5 months. Condo 859 / 104 Sold = 8.3 mos.
Land 349 / 12 Sold = 29 months of inventory.
Overview Page 1 of 2

_______________________________________________________________________________________
IN A NUT SHELL...... Monthly Residential and Condo Unit Sales numbers bounced up and down the last
few months, with Residential and Condo Inventory increasing during the Winter Vacation (High Sales)
season. Canadian investors have been big participants in Mauis real estate market, however the current
Canadian Dollar exchange rate (.83 US $) may motivate Canadian investors to sell, not buy.
There is a noticeable bifurcation of the Market Place right around the $1,000,000 mark. Properties listed
just under $1,000,000 sell quicker, those that are $20-60,000 over are slower to sell, even with similar
condition and on the same street. Obviously more people can afford a less expensive home; however
there seems to be a buyer resistance to crossing that 7 digit threshold (sellers take note).
2014 Year-to-Date Median and Average prices were rising across the Residential, Condo and Vacant Land
markets despite lower number of unit sales (YTD). First Quarter 2015 took a break from that trend;
however that may catch up as we proceed through the rest of the year.
Increased showings and sales, multiple offers on well priced listings, hesitant buyers 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 41% of all sales were CASH.
Well priced properties are attracting multiple offers making for a quick sale. Inventories in Residential and
Condo classes grow somewhat as Sale Prices increase. REO (Foreclosures) and Short Sales are dwindling,
with any hidden inventory (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are
inching up slightly 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
will have ripple effects on cost of living, consumer confidence, Financial and Real Estate Markets.
Rising Sales prices cause 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 have started to nudge up and are predicted to rise later in
2015. Buyers should get Pre-Approved so they can shop in confidence (fewer last minute disappointments due
to non-funding loans). "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, dont delay. The opportunity is
fading quickly. If you cant 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
Overview Page 2 of 2

Single Family Monthly Sales Volume


For Month Ending 4/30/2015
Area Name

Central

Current Month
Units
Volume
Median

Previous Month
Median
Units
Volume

Year Ago Month


Units Volume
Median

39 $19,135,341

$495,000

19 $10,392,307

$465,918

26 $11,999,320

$429,973

Haiku

$13,692,200

$685,000

$7,344,750

$802,375

$7,083,500

$800,000

Hana

$0

$0

$895,000

$895,000

$168,000

$168,000

Kaanapali

$6,575,000 $1,727,500

$1,875,000 $1,875,000

$8,220,000 $1,675,000

Kapalua

$1,975,000 $1,975,000

$3,196,000 $3,196,000

$10,697,000 $3,250,000

Kihei

$12,036,774

$512,500

17 $29,533,000

$600,000

12

$8,304,100

$667,825

Kula/Ulupalakua/Kanaio

$5,477,000

$685,000

12 $10,696,750

$836,000

$3,419,995

$875,000

Lahaina

$3,770,380

$700,000

$2,086,000 $1,043,000

$3,850,000

$905,000

Lanai

$0

$0

$190,000

$190,000

$1,890,000

$625,000

Makawao/Olinda/Haliimaile

$1,100,250

$550,125

$6,483,999

$605,000

$3,727,500

$693,750

Maui Meadows

$1,553,000

$776,500

$2,148,888 $1,074,444

$1,775,000

$887,500

Nahiku

$0

$0

$367,500

$233,000

$233,000

Napili/Kahana/Honokowai

$3,676,775

$912,950

$1,200,000 $1,200,000

$575,000

$575,000

Pukalani

$1,714,000

$520,000

$4,235,000

$625,000

$1,166,000

$583,000

Sprecklesville/Paia/Kuau

$475,000

$475,000

$5,469,000

$599,000

$2,494,500

$644,500

Wailea/Makena

$4,275,000 $2,137,500

$1,625,000 $1,625,000

Maui Summary :

85 $75,455,720

$575,000

$367,500

85 $87,738,194

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

$630,000

$14,250,000 $5,900,000

84 $79,852,915

Page 1

$583,000

Condominium Monthly Sales Volume


For Month Ending 4/30/2015
Area Name
Units
Central

11

Current Month
Volume
Median
$3,051,000

$307,500

Kaanapali

$11,674,900 $1,415,000

Kapalua

$5,400,000 $2,700,000

Kihei

Units

Previous Month
Median
Volume

$269,250

17 $24,625,850 $1,450,000

15 $21,071,500

$767,500

$11,522,000 $1,042,500

18

Year Ago Month


Volume
Median

$5,367,800

$2,962,350

$336,250

Units

$4,380,000 $1,062,500

42 $18,283,600

$342,000

38 $14,083,247

$332,500

56 $21,897,700

$315,000

Lahaina

$3,360,135

$440,000

$2,629,475

$430,000

$4,793,000

$685,000

Lanai

$1,800,000 $1,800,000

$0

$0

$1,300,000 $1,300,000

Maalaea

$2,150,000

$400,000

$2,325,000

$320,000

$2,915,500

$530,000

Molokai

$74,000

$74,000

$365,000

$105,000

$140,000

$140,000

Napili/Kahana/Honokowai

15

$6,753,500

$384,000

23

$9,911,400

$396,000

17

$6,812,750

$365,000

Sprecklesville/Paia/Kuau

$0

$0

$0

$0

$270,000

$270,000

Wailea/Makena

Maui Summary :

11 $18,695,000 $1,400,000

13 $18,114,880 $1,050,000

10 $15,127,499 $1,006,250

104 $71,242,135

122 $86,539,202

136 $84,075,749

$407,500

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

$442,500

Page 2

$403,500

Land Monthly Sales Volume


For Month Ending 4/30/2015
Area Name
Units

Current Month
Volume
Median

Previous Month
Median
Units
Volume

Year Ago Month


Units Volume
Median

Central

$2,183,291

$607,500

$215,000

$215,000

$193,000

$193,000

Haiku

$350,000

$350,000

$1,210,000

$605,000

$750,000

$750,000

Hana

$0

$0

$0

$0

$510,000

$510,000

Kaanapali

$1,017,000

$508,500

$532,000

$532,000

$2,798,500

$576,000

Kahakuloa

$0

$0

$377,000

$377,000

$0

$0

Kihei

$150,000

$150,000

$1,375,000

$525,000

$0

$0

Kula/Ulupalakua/Kanaio

$1,105,000

$310,000

$1,425,000

$712,500

$1,385,000

$475,000

Lahaina

$100,000

$100,000

$1,250,000 $1,250,000

$2,219,000

$575,000

Makawao/Olinda/Haliimaile

$0

$0

$285,000

$285,000

$0

$0

Molokai

$0

$0

$309,000

$135,000

$175,000

$87,500

Pukalani

$0

$0

$550,000

$550,000

$200,000

$200,000

Wailea/Makena

$0

$0

$0

$0

12

$4,905,291

$417,500

$7,528,000

$451,000

Maui Summary :

16

SOURCE: REALTORS Association of Maui - www.RAMui.com


MLS Sale data - Information deemed reliable, however not guaranteed

$3,300,000 $1,650,000

19 $11,530,500

Page 3

$510,000

Sales Unit Volume By Month


For Month Ending 4/30/2015

180
160
140
120
100
80
60
40
20

Ja
nM 10
ar
M 10
ay
-1
Ju 0
lSe 10
pN 10
ov
Ja 1 0
nM 11
ar
M 11
ay
-1
Ju 1
l- 1
Se 1
pN 11
ov
Ja 1 1
nM 12
ar
M 12
ay
-1
Ju 2
lSe 12
pN 12
ov
Ja 1 2
nM 13
ar
M 13
ay
-1
Ju 3
lSe 13
pN 13
ov
-1
Ja 3
nM 14
ar
M 14
ay
-1
Ju 4
lSe 14
pN 14
ov
Ja 1 4
nM 15
ar
-1
5

Con

2010
Month

2011

Single Condo Land


Family

Single Condo
Family

Lnd

2012
Land

Single Condo
Family

Res

2013
Land

Single Condo
Family

2014
Land

Single Condo
Family

2015
Land

Single Condo
Family

Land

Jan

48

75

12

54

87

50

91

63

63

65

94

13

75

83

11

Feb

54

95

59

98

78

83

12

66

101

14

60

89

12

60

95

14

Mar

72

125

12

89

125

11

82

130

22

80

101

25

70

127

15

85

122

16

Apr

91

162

15

89

120

14

79

129

79

144

14

84

136

19

85

104

12

May

81

105

16

71

114

15

65

113

16

109

139

20

86

117

20

Jun

81

106

81

102

14

86

122

13

93

125

17

93

94

18

Jul

61

69

15

68

98

14

76

82

12

93

112

13

100

83

Aug

69

81

81

86

12

77

98

13

81

113

25

68

95

13

Sep

65

98

80

84

12

77

67

11

85

121

15

95

80

12

Oct

64

73

74

77

99

96

82

93

20

84

95

14

Nov

58

66

76

77

85

100

22

75

96

23

76

68

10

Dec

73

93

14

79

89

84

142

29

78

120

23

63

125

12

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sales data - Information deemed reliable, however not guaranteed

Page 4

Sales Median By Month


For Month Ending 4/30/2015

$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000

Ja
n-

10
pr
-1
0
Ju
l-1
0
O
ct
-1
0
Ja
n11
A
pr
-1
1
Ju
l-1
1
O
ct
-1
1
Ja
n12
A
pr
-1
2
Ju
l-1
2
O
ct
-1
2
Ja
n13
A
pr
-1
3
Ju
l-1
3
O
ct
-1
3
Ja
n14
A
pr
-1
4
Ju
l-1
4
O
ct
-1
4
Ja
n15
A
pr
-1
5
Ju
l-1
5
O
ct
-1
5

$0

Con

2010
Month

Single Condo Land


Family

2011
Single Condo
Family

Lnd

2012
Land

Single Condo
Family

Res

2013
Land

Single Condo
Family

2014
Land

Single Condo
Family

2015
Land

Single Condo
Family

Land

Jan

464500 404000 516300 495415 295000 300000 399000 330000 350000 550000 297000 675000 695000 441000 370000 577000 378000 700000

Feb

504150 424000 350000 440000 371200 282500 513750 287000 333925 537500 360000 502500 560000 345000 447500 558625 475000 490000

Mar

460000 499000 600000 450000 289000 500000 435000 368043 467500 509500 375000 535000 590500 420000 515000 630000 442500 451000

Apr

465000 450000 540000 500000 338603 382500 469000 399000 365000 470000 370000 479500 583000 403500 510000 575000 407500 417500

May

442000 410000 547500 418000 349500 275000 382000 336000 330000 549000 380000 267500 537500 472000 575000

Jun

480000 435000 360000 429000 294500 302000 575500 372990 310000 599000 400000 469260 530000 444500 545500

Jul

500000 390000 400000 394500 320000 340000 488000 332000 422500 475000 357625 425000 570250 375000 550000

Aug

460000 310000 387500 410000 266000 189500 509000 342450 350000 585000 420000 350000 570000 410000 440000

Sep

440000 315635 285000 412000 334950 330000 425000 325000 238000 470000 345000 335000 570000 462500 520000

Oct

427500 320000 207500 482500 310000 465000 485000 349995 250000 540000 315000 380500 566000 419000 467500

Nov

445000 349990 425000 422500 265000 505000 465000 400000 455000 515000 350000 547371 587500 366250 411500

Dec

460000 352000 394850 411000 304000 375000 508000 376000 340000 512500 365000 390000 565000 380000 650000

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sales data - Information deemed reliable, however not guaranteed

Page 5

Sales Days on Market By Month


For Month Ending 4/30/2015

700

600
500

400

300

200
100

Ja
n-

10
A
pr
-1
0
Ju
l- 1
0
O
ct
-1
0
Ja
n11
A
pr
-1
1
Ju
l- 1
1
O
ct
-1
1
Ja
n12
A
pr
-1
2
Ju
l- 1
2
O
ct
-1
2
Ja
n13
A
pr
-1
3
Ju
l- 1
3
O
ct
-1
3
Ja
n14
A
pr
-1
4
Ju
l- 1
4
O
ct
-1
4
Ja
n15
A
pr
-1
5
Ju
l- 1
5
O
ct
-1
5

Con

147
Month

127

170
2010

2011

Single Condo Land


Family

Single Condo
Family

Lnd

Res

2012
Land

Single Condo
Family

2013
2013
Land

Single Condo
Family

2015

2014
Land

Single Condo
Family

Land

Single Condo
Family

Land

Jan

224

247

248

112

180

240

165

144

242

125

151

151

132

123

91

118

113

171

Feb

127

229

351

147

192

180

153

172

371

147

183

273

119

99

271

90.5

118

274

Mar

138

233

230

150

185

231

136

171

173

110

137

263

141

124

310

124

109

256

Apr

153

179

162

146

142

362

156

170

253

107

125

368

147

127

170

105

113

161

May

132

192

200

138

201

175

106

198

159

149

173

241

117

137

247

Jun

131

184

174

141

145

150

183

158

186

116

142

105

114

122

233

Jul

119

132

292

150

201

219

146

138

347

115

159

192

104

137

279

Aug

118

202

124

136

179 82.5

153

175

208

107

94

156

109

114

163

Sep

122

129

169

117

158

136

140

172

211

115

157

315

90

93

107

Oct

181

141

220

187

140

140

140

161

556

114

128

75

139

118

111

Nov

166

147

196

140

163

317

148

153

476

115

128

231

129

109

122

Dec

153

172

190

155

126

211

114

148

339

125

109

150

103

117

137

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

Page 6

Single Family Median Prices by Area


For Month Ending 4/30/2015
Current Month Inform ation
Central
Haiku
Hana
Kaanapali
Kapalua
Kihei
Kula/Ulupalakua/ Kanaio
Lahaina
Lanai
M akawao/ Olinda/Haliimaile
M aui M eadows
Nahiku
Napili/Kahana/Honokowai
Pukalani
Sprecklesville/Paia/Kuau
Wailea/ M akena
0

250,000

Area

500,000

750,000

Current Month

1,000,000

1,250,000

Previous Month

1,500,000

1,750,000

Year Ago Month

Central

$495,000

$465,918

$429,973

Haiku

$685,000

$802,375

$800,000

Hana

$0

$895,000

$168,000

Kaanapali

$1,727,500

$1,875,000

$1,675,000

Kapalua

$1,975,000

$3,196,000

$3,250,000

Kihei

$512,500

$600,000

$667,825

Kula/Ulupalakua/Kanaio

$685,000

$836,000

$875,000

Lahaina

$700,000

$1,043,000

$905,000

$0

$190,000

$625,000

Makawao/Olinda/Haliimaile

$550,125

$605,000

$693,750

Maui Meadows

$776,500

$1,074,444

$887,500

$0

$367,500

$233,000

Napili/Kahana/Honokowai

$912,950

$1,200,000

$575,000

Pukalani

$520,000

$625,000

$583,000

Sprecklesville/Paia/Kuau

$475,000

$599,000

$644,500

$2,137,500

$1,625,000

$5,900,000

Lanai

Nahiku

Wailea/Makena

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

2,000,000

Page 7

Condominium Median Prices by Area


For Month Ending 4/30/2015
Current Month Inform ation
$3 , 0 0 0 ,0 0 0
$2 ,50 0 ,0 0 0
$2 , 0 0 0 ,0 0 0

$1,50 0 ,0 0 0
$1, 0 0 0 ,0 0 0
$50 0 ,0 0 0

M
/K
ol
ah
ok
an
ai
a/
H
Sp
on
re
ok
ck
ow
le
sv
ai
il le
/P
ai
a/
K
ua
W
u
ai
le
a/
M
ak
en
a

ap
i li

M
aa
la
ea

La
na
i

La
ha
in
a

Ki
he
i

Ka
pa
lu
a

Ka
an
ap
al
i

en
tra
l

$0

Area
Central

Current Month

Previous Month

Year Ago Month

$307,500

$336,250

$269,250

Kaanapali

$1,415,000

$1,450,000

$767,500

Kapalua

$2,700,000

$1,042,500

$1,062,500

Kihei

$342,000

$332,500

$315,000

Lahaina

$440,000

$430,000

$685,000

$1,800,000

$0

$1,300,000

Lanai
Maalaea

$400,000

$320,000

$530,000

Molokai

$74,000

$105,000

$140,000

$384,000

$396,000

$365,000

$0

$0

$270,000

$1,400,000

$1,050,000

$1,006,250

Napili/Kahana/Honokowai
Sprecklesville/Paia/Kuau
Wailea/Makena

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

Page 8

Land Median Prices by Area


For Month Ending 4/30/2015

Current Month Information


Central
Haiku
Hana
Kaanapali
Kahakuloa
Kihei
Kula/Ulupalakua/Kanaio
Lahaina
Makaw ao/Olinda/Haliim aile
Molokai
Pukalani
Wailea/Makena
$0

Area
Central
Haiku
Hana
Kaanapali
Kahakuloa
Kihei
Kula/Ulupalakua/Kanaio
Lahaina
Makawao/Olinda/Haliimaile
Molokai
Pukalani
Wailea/Makena

$200,000

$400,000

Current Month
$607,500
$350,000
$0
$508,500
$0
$150,000
$310,000
$100,000
$0
$0
$0
$0

$600,000

$800,000

Previous Month
$215,000
$605,000
$0
$532,000
$377,000
$525,000
$712,500
$1,250,000
$285,000
$135,000
$550,000
$0

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteedc

$1,000,000

Year Ago Month


$193,000
$750,000
$510,000
$576,000
$0
$0
$475,000
$575,000
$0
$87,500
$200,000
$1,650,000

Page 9

Single Family Year To Date Sales Information


Comparing 1/1/2015 thru 4/30/2015 with 1/1/2014 thru 4/30/2014
Average Sales Price

Number of Sales

Median Sales Price

Year Ago Percent


Change
YTD
Volume

Percent
Change

Current
YTD
Median

$455,434

13%

$499,438

$416,245

20%

$55,403,660

$35,523,880

56%

$1,161,706

$788,024

47%

$715,000

$800,000

-11%

$27,880,950

$16,548,500

68%

50%

$548,300

$459,000

19%

$500,000

$459,000

9%

$1,644,900

$918,000

79%

63%

$1,928,461

$1,933,515

0% $1,875,000

$1,737,500

8%

$25,069,999

$15,468,120

62%

-3

-60%

$2,585,500

$3,419,400

-24% $2,585,500

$3,250,000

-20%

$5,171,000

$17,097,000

-70%

50

55

-5

-9%

$1,213,225

$878,649

38%

$635,000

$635,000

0%

$60,661,274

$48,325,695

26%

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Kula/Ulupalakua/Kanaio

26

18

44%

$887,452

$837,361

6%

$824,500

$807,500

2%

$23,073,750

$15,072,495

53%

Lahaina

12

15

-3

-20%

$1,245,448

$1,175,733

6%

$850,000

$775,000

10%

$14,945,380

$17,636,000

-15%

-4

-44%

$374,800

$1,105,000

-66%

$400,000

$440,000

-9%

$1,874,000

$9,945,000

-81%

16

16

0%

$713,272

$545,859

31%

$482,500

$543,125

-11%

$11,412,359

$8,733,750

31%

Maui Meadows

0%

$929,481

$2,098,383

-56%

$869,500

$1,112,500

-22%

$5,576,888

$12,590,300

-56%

Molokai

-1

-33%

$342,500

$295,000

16%

$342,500

$250,000

37%

$685,000

$885,000

-23%

Nahiku

100%

$316,250

$233,000

36%

$316,250

$233,000

36%

$632,500

$233,000

171%

Napili/Kahana/Honokowai

50%

$935,753

$1,679,150

-44%

$985,000

$850,000

16%

$8,421,775

$10,074,900

-16%

Olowalu

0%

$1,475,000

$1,425,000

4% $1,475,000

$1,425,000

4%

$1,475,000

$1,425,000

4%

Pukalani

14

12

17%

$575,929

$716,875

-20%

$552,500

$582,000

-5%

$8,063,000

$8,602,500

-6%

Sprecklesville/Paia/Kuau

10

-3

-30%

$970,429

$2,995,450

-68%

$599,000

$1,387,500

-57%

$6,793,000

$29,954,500

-77%

Wailea/Makena

13

-8

-62%

$1,671,000

$3,448,885

-52% $1,280,000

$2,108,000

-39%

$8,355,000

$44,835,500

-81%

Maui Summary:

305

279

26

9%

$875,867

$1,053,294

-17%

0% $267,139,435 $293,869,140

-9%

Current
YTD
Average

Current
YTD
Sales

Year
Ago
YTD

108

78

30

38%

$512,997

Haiku

24

21

14%

Hana

13

Area

Central

Kaanapali
Kapalua
Kihei
Kipahulu

Lanai
Makawao/Olinda/Haliimaile

Changes
Units %

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

Year Ago
YTD
Average

$586,000

Year Ago
YTD
Median

Total Dollar Volume

$585,000

Percent
Change

Current
YTD
Volume

Page 10

Condominium Year To Date Sales Information


Comparing 1/1/2015 thru 4/30/2015 with 1/1/2014 thru 4/30/2014
Average Sales Price

Number of Sales
Area

Current
YTD
Sales

Year
Ago
YTD

Changes
Units %

Current
YTD
Average

Year Ago
YTD
Average

Median Sales Price

Percent
Change

Current
YTD
Median

Year Ago
YTD
Median

Total Dollar Volume

Percent
Change

Current
YTD
Volume

Year Ago Percent


Change
YTD
Volume

37

56

-19

-34%

$301,426

$258,788

16%

$307,500

$255,250

20%

$11,152,750

$14,492,100

-23%

Haiku

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Hana

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Kaanapali

43

58

-15

-26%

$1,369,013

$1,164,359

18% $1,200,000

$794,900

51%

$58,867,550

$67,532,850

-13%

Kapalua

12

13

-1

-8%

$2,029,333

$1,216,577

67% $1,077,500

$974,000

11%

$24,352,000

$15,815,499

54%

145

164

-19

-12%

$407,149

$395,610

$335,000

$315,000

6%

$59,036,647

$64,880,117

-9%

N/A

$2,570,000

$0

N/A $2,570,000

$0

N/A

$2,570,000

$0

N/A

33

23

10

43%

$415,525

$595,826

$437,475

$450,000

-3%

$13,712,320

$13,704,000

0%

0%

$1,308,000

$1,583,333

-17% $1,800,000

$1,700,000

6%

$3,924,000

$4,750,000

-17%

Maalaea

17

12

42%

$351,559

$540,458

-35%

$325,000

$530,000

-39%

$5,976,500

$6,485,500

-8%

Molokai

80%

$92,611

$156,498

-41%

$75,000

$140,000

-46%

$833,500

$782,490

7%

61

78

-17

-22%

$448,210

$408,198

10%

$420,000

$356,250

18%

$27,340,800

$31,839,405

-14%

Pukalani

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Sprecklesville/Paia/Kuau

0%

$1,748,500

$270,000

548% $1,748,500

$270,000

548%

$1,748,500

$270,000

548%

Wailea/Makena

42

33

27%

$1,444,194

$1,582,342

-9% $1,045,000

$1,000,000

5%

$60,656,130

$52,217,287

16%

Maui Summary:

404

446

-42

-9%

$668,739

$611,590

8% $270,170,697 $272,769,248

-1%

Central

Kihei
Kula/Ulupalakua/Kanaio
Lahaina
Lanai

Napili/Kahana/Honokowai

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

3%

-30%

9%

$436,238

$404,375

Page 11

Fee Simple Condominium Year To Date Sales Information


Comparing 1/1/2015 thru 4/30/2015 with 1/1/2014 thru 4/30/2014
Average Sales Price

Number of Sales
Current
YTD
Sales

Year
Ago
YTD

37

56

Haiku

Hana

Kaanapali

42

53

Kapalua

12

13

144

164

32

22

Maalaea
Molokai

Area

Changes
Units %

Current
YTD
Average

Year Ago
YTD
Average

Median Sales Price

Percent
Change

Current
YTD
Median

Year Ago
YTD
Median

Total Dollar Volume

Percent
Change

Current
YTD
Volume

Year Ago Percent


Change
YTD
Volume

$301,426

$258,788

16%

$307,500

$255,250

20%

$11,152,750

$14,492,100

-23%

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

-11 -21%

$1,396,489

$1,240,148

13% $1,250,000

$820,000

52%

$58,652,550

$65,727,850

-11%

-8%

$2,029,333

$1,216,577

67% $1,077,500

$974,000

11%

$24,352,000

$15,815,499

54%

-20 -12%

$407,678

$395,610

$335,000

$315,000

6%

$58,705,647

$64,880,117

-10%

N/A

$2,570,000

$0

N/A $2,570,000

$0

N/A

$2,570,000

$0

N/A

10

45%

$425,291

$616,318

$438,738

$450,000

-3%

$13,609,320

$13,559,000

0%

0%

$1,308,000

$1,583,333

-17% $1,800,000

$1,700,000

6%

$3,924,000

$4,750,000

-17%

11

12

-1

-8%

$388,409

$540,458

-28%

$376,500

$530,000

-29%

$4,272,500

$6,485,500

-34%

80%

$92,611

$156,498

-41%

$75,000

$140,000

-46%

$833,500

$782,490

7%

51

69

-18 -26%

$478,057

$392,731

22%

$420,000

$357,500

17%

$24,380,900

$27,098,405

-10%

Pukalani

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Sprecklesville/Paia/Kuau

0%

$1,748,500

$270,000

548% $1,748,500

$270,000

548%

$1,748,500

$270,000

548%

Wailea/Makena

42

33

27%

$1,444,194

$1,582,342

-9% $1,045,000

$1,000,000

5%

$60,656,130

$52,217,287

16%

Maui Summary:

385

431

-46

-11%

$687,942

$617,351

7% $264,857,797 $266,078,248

0%

Central

Kihei
Kula/Ulupalakua/Kanaio
Lahaina
Lanai

Napili/Kahana/Honokowai

-19 -34%

-1

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

3%

-31%

11%

$440,000

$410,000

Page 12

Leasehold Condominium Year To Date Sales Information


Comparing 1/1/2015 thru 4/30/2015 with 1/1/2014 thru 4/30/2014
Average Sales Price

Number of Sales
Area

Current
YTD
Sales

Year
Ago
YTD

Changes
Units %

Current
YTD
Average

Year Ago
YTD
Average

Median Sales Price

Percent
Change

Current
YTD
Median

Year Ago
YTD
Median

Total Dollar Volume

Percent
Change

Current
YTD
Volume

Year Ago Percent


Change
YTD
Volume

Kaanapali

-4

-80%

$215,000

$361,000

-40%

$215,000

$265,000

-19%

$215,000

$1,805,000

-88%

Kihei

N/A

$331,000

$0

N/A

$331,000

$0

N/A

$331,000

$0

N/A

Lahaina

0%

$103,000

$145,000

-29%

$103,000

$145,000

-29%

$103,000

$145,000

-29%

Maalaea

N/A

$284,000

$0

N/A

$309,500

$0

N/A

$1,704,000

$0

N/A

10

11%

$295,990

$526,778

-44%

$215,000

$300,000

-28%

$2,959,900

$4,741,000

-38%

15

27%

$279,626

$446,067

-37%

$220,000

$265,000

-17%

$5,312,900

$6,691,000

-21%

Napili/Kahana/Honokowai
Maui Summary:

19

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

Page 13

Land Year To Date Sales Information


Comparing 1/1/2015 thru 4/30/2015 with 1/1/2014 thru 4/30/2014
Average Sales Price

Number of Sales
Area

Current
YTD
Sales

Year
Ago
YTD

Changes
Units %

Current
YTD
Average

Year Ago
YTD
Average

Median Sales Price

Percent
Change

Current
YTD
Median

Year Ago
YTD
Median

Total Dollar Volume

Percent
Change

Current
YTD
Volume

Year Ago Percent


Change
YTD
Volume

10

100%

$442,874

$292,600

51%

$415,000

$275,000

51%

$4,428,741

$1,463,000

203%

Haiku

0%

$550,000

$737,500

-25%

$495,000

$560,000

-12%

$2,200,000

$2,950,000

-25%

Hana

-4

-80%

$380,000

$1,247,400

-70%

$380,000

$450,000

-16%

$380,000

$6,236,999

-94%

Kaanapali

13

-8

-62%

$559,800

$598,827

-7%

$532,000

$576,000

-8%

$2,799,000

$7,784,750

-64%

Kahakuloa

N/A

$377,000

$0

N/A

$377,000

$0

N/A

$377,000

$0

N/A

Kapalua

-1 -100%

$0

$1,075,000

-100%

$0

$1,075,000

-100%

$0

$1,075,000

-100%

Keanae

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Kihei

100%

$421,875

$466,750

-10%

$470,000

$323,500

45%

$3,375,000

$1,867,000

81%

Kula/Ulupalakua/Kanaio

-2

-22%

$507,857

$503,833

1%

$605,000

$549,000

10%

$3,555,000

$4,534,500

-22%

Lahaina

-1

-20%

$791,250

$1,079,800

-27%

$870,000

$730,000

19%

$3,165,000

$5,399,000

-41%

Makawao/Olinda/Haliimaile

0%

$1,033,333

$317,500

225%

$315,000

$352,500

-11%

$3,100,000

$952,500

225%

Maui Meadows

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Molokai

50%

$103,000

$87,500

18%

$135,000

$87,500

54%

$309,000

$175,000

77%

Nahiku

-1 -100%

$0

$227,500

-100%

$0

$227,500

-100%

$0

$227,500

-100%

Napili/Kahana/Honokowai

-2 -100%

$0

$681,500

-100%

$0

$681,500

-100%

$0

$1,363,000

-100%

Olowalu

N/A

$875,000

$0

N/A

$875,000

$0

N/A

$1,750,000

$0

N/A

Pukalani

100%

$1,075,000

$200,000

438% $1,075,000

$200,000

438%

$2,150,000

$200,000

975%

Sprecklesville/Paia/Kuau

N/A

$0

$0

N/A

$0

$0

N/A

$0

$0

N/A

Wailea/Makena

-1

-25%

$850,000

$1,243,750

-32%

$700,000

$1,355,000

-48%

$2,550,000

$4,975,000

-49%

Maui Summary:

53

59

-6

-10%

$568,655

$664,462

-14%

$490,000

$500,000

-2%

$30,138,741

$39,203,249

-23%

Central

SOURCE: REALTORS Association of Maui - www.RAMaui.com


MLS Sale data - Information deemed reliable, however not guaranteed

Page 14