Brief Maui Statistics Overview:SPECIAL NOTE: Pages 1 & 2
– Current Month vs. Year Ago Month Numbers for Residential and Condo are somewhat skewed as November 2015 sales unit numbers were unusually low (lowest in all of 2015). This unusual quirk makes the comparison look greater than it really is. November 2016 numbers look in line with the rest of 2016. See Page 4 November 2015/2016 numbers (lower right corner) for better reference.
Page 4 – November’s Sales Unit Volume – Residential and Condominium sales increased to 91 homes and 111 units sold respectively. Land sales decreased to 10 lots sold in November.
Page 5 – November’s Median SALES prices –The Residential median price remained steady at $635,000 while the Condo median price declined to $380,000. Land median price decreased to $377,065.
Page 6 – Days on Market, Residential homes = 107, Condos = 116 DOM, Land = 152 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells,
it will move this indicator upward, and vice versa. RAM’s Days on Market are calculated from List Date to Closing Date [not contract date], including approximately 60 days of escrow time.)
Pages 10 – 14 – This month’s “Year to Date Sales” numbers compare the first eleven months, January-November 2016 to January-November 2015. Shorter timeframe (monthly) views do not necessarily reflect the longer timeframe trends.
For a more comprehensive view, see 2015’s Year-End (Dec. 2015) figures available at:
YTD – Residential unit sales declined (979 homes sold / -18 units / -2% change YTD), average sold price = $954,728 (+10% change YTD), median price = $635,000 (+9% change YTD) and total dollar volume sold = $934,678,392 (+8%YTD). [Note: The large increase in this year’s Sprecklesville/Paia/Kuau Residential YTD Total Dollar Volume is due in part to the sale of an unlisted $18,000,000 beachfront property in July.]
YTD – Condo unit sales increased (1,187 units sold / +99 units sold/ +9% change YTD), average sold price = $619,026 (-3% change YTD), median price = $415,000 (+1%YTD). Total Condo dollar volume sold = $734,783,961 (+6% change YTD).
YTD – Land – NOTE: Land Lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. The number of Land lot sales remained steady (141 lots / +3 lots sold / +2 % YTD change), average sold price = $663,579 (-29%), median price = $469,500 (-4% change), Total dollar volume = $93,564,606 (-28% YTD).
Total sales for immediate past 12 months: Residential = 1,072 (with 10% being REO or Short Sale), Condo = 1,289 (4.7% REO or SS), Land = 157 (2.6% REO or SS).
NOTE: 37.4% of these Sales in the last 12 months have been CASH transactions.