Maui Real Estate Market Report 2018 Year End

Maui Luxury Real Estate Report | 2018 Single Family Homes

Maui Luxury Real Estate Report | 2018 Year End |SINGLE FAMILY HOMES

One of a Kind Luxury Estate on Maui, Hawaii. Listed at this post date $22,080,000. Listed by Elite Pacific Properties. Photo credit: Jeannie Kong. See details here.  

Call Jeannie Kong R(S) for more details 808-276-1832

Defining “Luxury”  Real Estate is not easy. It means different things in different parts of the Country (US). Even From New York, to Boston, to Los Angeles, to Bay Area, to Miami to Honolulu, to Maui, all can have different meanings. In some areas of Los Angeles, homes START at 5 Million. For the purposes of this Maui Real Estate Luxury Report, the starting price point will be 2 Million for Single Family Homes.

The Lifestyle here on Maui is unparalleled. From over 24 micro climates to the glorious beaches, majestic mountains and so much beauty, it is no wonder the international clientele has expanded. I think it will be even more so in the near future.  Now that we are ever more connected to through the internet, people are finding they can still business being thousands of miles away. Maui is still quite a deal when you compare it to other prestigious areas of the world. The beauty is your Maui property can be enjoyed year round since our climate is so agreeable. In the very high end market (10 Million and  up) some owners don’t publicly list their property .  We referred to this as a “quiet offerings”.  Give me a call to discuss if you have interest.

For the  Maui Luxury Real Estate Market Report | 2018 Year End | Condominiums Click Here 

If you would like to read the General Maui Real Estate Market Report click here. 2018 Year End 

For Archives of Maui Market Report and Statistics Click here. 

I HAVE A GORGROUS NEW LISTING IN THE GATED COMMUNITY OF WAILEA PUALANI.  GO TO www.3130NNohoLoihi.com for 3D tour and pictures. Call me for more info if you have interest.

Again, call me Jeannie Kong R(S) 808-276-1832 or email me Jeannie@JeannieKong.com for more info. Maui real estate is very local. So these numbers don’t give the entire picture.

But it is no surprise that Maui was listed #1 for hotbeds of luxury real estate by Housingwire.com Read here.   This report written in February 13, 2019 reveals  5 “power markets” for high-net-worth buyers and sellers. Maui is No Ka Oi!

makena beach luxury home on maui

Another breathtaking home for sale on Maui. Located Beachfront on Makena, Maui. Listed by Island Sothebys as of this post date at  $29,980,000 Click here for more details. Photo Credit: Jeannie Kong

 

Maui Real Estate Sales in 2018 | Single Family Homes

2018 Unit Sales Single Family Homes 2 Million and up: 75  Homes  (-16% from 2017) 

2017 Unit Sales Single Family Homes 2 Million and up: 87

2018 Dollar Volume of Sales 2 Million and up: $328,027,652  (-8.9% from 2017)

2017 Dollar Volume of Sales 2 Million and up: $360,018,812

2018 Average Price Sold 2 Million and up: $4,373,702  (+5.7% from 2017)

2017 Average Price Sold 2 Million and up: $4,138,147

2018 Median Price Sold 2 Million and up: $3,200,000 (-1.5% from 2017)

2017 Median Price Sold 2 Million and up: $3,250,000

2018 Homes in this price range received on average 92% of its list price. (-1.1%)

2017 Homes in this price range received on average 93 % of its list price.

2018 Homes in this price range too on average 231 Days on Market. (Stayed on the market 6.1% LESS than 2017) 

2017 Homes in this price range too on average 246  Days on Market.

2018 68% of sales in this price range was CASH

2017 71% of sales in this price range was Cash

2018 Highest Single Family Sale In Maui County $22,800,000 US Dollars.  3190 S. Kihei Road. Located in South Maui on Keawakapu Beach. Click here for more info. 

Unit Sales by District: Note, that even in Maui County each district is distinct and specific. Please contact me for more details.

Haiku: 5

Hana: 2

Kaanapali: 15

Kapalua: 7

Kihei: 7

Kula/Ulu: 4

Lahaina: 12

Makawao: 1

Paia/Sprecklesville/Kuau: 3

Napili/Kahana/Hono: 1

Wailuku (Maalaea): 1

Wailea: 10

Makena: 6

Molokai: 1

 

2018 Highest Single Family Sale In Maui County $22,800,000 US Dollars.  3190 S. Kihei Road. Located in South Maui on Keawakapu Beach. Click here for more info. 

Year 2018 Single Family Homes 2 Million and up: 75  Homes  (-16% from 2017) 

Year 2017 Single Family Homes 2 Million and up: 87 high

2016 : 76

2015 : 58

2014 : 62 

2013 : 47 

2012 : 41 

2011: 52 

2010 : 39 

2009 : 32

2008 : 53 (March 2008 Financial Crisis Starts approx.)

2007 : 75 

2006 : 63

2005 Single Family Homes 2 million and up: 84 

2004 : 40

2003 : 38

 

Year 2018 Single Family Homes 5 million and up: 14 

2017 :16

2016 : Single Family Homes 5 Million and up: 20 High

2015 : 9

2014: 15 

2013 : 12 

2012 : 7

2011 : 15 

2010 : 10

2009 : 4

2008 : 12

2007 : 16 

2006 : 9

2005 : 16

2004: 6

2003 : 7

 

Year 2018 Single Family Homes 10 million and up: 5 Homes

2017 : 5

2016 : 5

2015 : 2

2014: 0

2013 : 1

2012 : 1

2011 : 5

2010 : 2

2009 : 1

2008 : 2

2007 :4

2006 :1

2005 : 0

2004: 2

2003 : 0

 

NEW LISTINGS OF MAUI LUXURY HOME LISTINGS 

A count of the properties that have been newly listed on the market in a given month.

MAUI LUXURY HOMES NEW LISTING

MAUI LUXURY HOMES FOR SALE 

The number of properties available for sale in active status at the end of a given month. Also known as inventory. For this metric, the “12/6/3 months” calculation is the average of the most recent 12/6/3 months of data.

MAUI LUXURY HOMES FOR SALE

 

MEDIAN SALES PRICE OF MAUI LUXURY HOMES 

Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower. Average is the mean sales price for all closed sales in a given month.*

MAUI LUXURY HOMES SALES PRICE MEDIAN

 

MEDIAN PRICE PER SQUARE FOOT FOR MAUI LUXURY HOMES

Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower, divided by the number of finished square feet. Average is the mean sales price for homes sold in a given month divided by the number of finished square feet.*

MAUI LUXURY HOMES PRICE PER SQUARE FOOT

 

MONTHS SUPPLY OF MAUI LUXURY HOMES

The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months. Also known as absorption rate.

Maui luxury homes months supply

 

Maui buying and selling real estate in Kihei, Upcountry, Wailea, Makena, Central and West Side

Information is deemed reliable but not guaranteed. All info from Realtors Association of Maui and/or Infosparks.

Facebooktwitterredditpinterestlinkedinmail