Market Statistics

Found 51 blog entries about Market Statistics.

Hawaii Luxury Home

It's time for our monthly breakdown of how the Hawaii Real Estate market is performing, with the understanding that in such a diverse State, micro-market conditions can differ significantly even within the same district.  Now let's take a look.

SINGLE FAMILY RESIDENCES

Maui - The month of September saw a significant increase in the Single Family market, with an increase of 47% from 80 sold in September last year to 118 this year, while the median sales price saw a very moderate decrease of 4.6% to $719,718. Year to date sales are relatively stable at 844, compared to 880 a year ago but it's important to note that current inventory is down 13% over a year ago - 441 vs. 507.

Oahu - July saw the record for Oahu single-family homes at $835K median sales…

Hawaii Luxury Home

Hawaii has always been a haven for the world's most affluent, with year-round picture perfect weather, some of the most acclaimed amenities anywhere, an inviting culture of Aloha, and a natural environment as diverse as its people - from top-rated beaches, to tropical mountains and everything in between. As such, it's no surprise that luminaries from technology, finance, business, entertainment and more call Hawaii their second home. 

Although the 2019 Hawaii luxury market ($10M+) is on a slow down, Hawaii offers among the most luxurious and unique properties anywhere. It is important to note that each island offers something incredibly different - from Oahu's urban oasis in the Pacific, to Kauai's quiet, undeveloped tropical heaven, to Big Island's stark…

4508 makena
Our featured listing, 4508 Makena Road on Maui.

The Hawaii Luxury Real Estate market has had a bit of an 'off' year thus far in 2019 when compared to the previous year, which included the record-breaking $46M+ sale on the North Shore of Kauai and several over $20M on each island. 

UPDATE:  Our post was originally posted on 09/28. Updating on 09/30 to reflect the sale of a 10K square foot home in Kukio for $15.99M, which closed earlier last week.

Correction:  The record sale year to date in the State is the Kaupulehu 7-bedroom estate in Kukuio for $15.99M. Previously, the high mark belonged to the sale of 766 Mokulua Drive in Kailua which closed for $14.8M, slightly edging the sale of the a home in Hualalai Resort for $14.75M and a Makena home, 7555 Makena…

Kihei luxury home 1104 Kahaapo

Question: I hear the high-end sector is not doing very well in Hawaii. I have a home in Kihei and I fear that now would be terrible time to sell. Is that true?

Answer: Much is being said that the real estate market nationwide is on a downturn and lack of inventory continues to frustrate prospective Buyers. However, local real estate trends can be significantly different than general trends, hence it's always best to look at a granular level to see how the micro-market is acting. So with that, let's discuss:

Single-Family Homes - The term 'high-end' can have various definitions, particularly in a market like Maui where homes can go north of $20M but which are few and far between. As such, for the sake of this analysis, we are looking at $1M as the marker for…

Makena Luxury Home

With multiple islands, each diverse in micro-markets acting independently of each other yet with in some ways in harmony, the Hawaii Real Estate market is among the most simple yet complex in the country. 

So with that, let's take a look at the market is doing across the four major markets, broken down by category. 

SINGLE FAMILY RESIDENCES

Maui - Single-Family Residences on Maui saw marked improvements, broken down by type - Single Family: median $837,500 (+20%), based on 78 sales (-20%) ;   Single Family with Attached Ohana: median $927,500 (+18%), based on 2 closed sales ; Single Family with Detached Ohana: $837,500 (-11%), with 18 sales closed (+125%).
Oahu - The record set last month for Oahu with the $835K median sales price remains safe, as the…

Wailea Kialoa Home

As 2019 quickly moves through the calendar and over half the year is in the books, we think it's a pertinent time to take a look at the Wailea real estate market for a recap of the current position of the market relative to the rest of the Maui market and in a more micro-market level as to how it is performing relative to previous years.

Let's start by looking at how the Wailea market is performing in comparison to all of Maui - keep in mind, we compile our data based on the resort of Wailea only, whereas most others combine Wailea/Makena into one 'area' which skews statistics. Please note that the chart below details year-to-date information. For single-family homes, we can see that there was big increase in median sales price from 2017 to 2018 and that…

As one of our favorite properties, our team keeps a close eye on the Honua Kai real estate market in order to best represent our clients. In the past year we have not been posting our market updates but we are getting back on a schedule to do so routinely. So with that, let's start the discussion.


Honua Kai Year to Date

With the introduction of Luana Garden Villas, the expectation was that it would take some of the sales for premium 2 bedroom units and 3 bedroom units while impacting profitability of those mountain-facing units on the Konea tower, thereby lowering the absorption rate at Honua Kai. In 2018, there were 40 sales, resulting in 3.33 sales per month, whereas year-to-date there have been 20 sales, at a rate of approximately 2.6 per month -…



The Hawaii Real Estate market is as diverse as the islands that it consists of - from the paradise of Maui, to the urban tropical setting of Oahu, to the stark contrast of Big Island and the natural untouched beauty of Kauai. With half the year now on the books, let's take a look at the state of the market.

At the top end of the market, we have seen a significant decrease in activity. Thus far, statewide there have been a total of 10 sales over $10M each, whereas a year ago there have been 26 by this time of the year. On Maui last year there have been 2 over $20M each and Kauai saw the record-breaker record at $46.1M. Interestingly enough, of the 10 significant sales so far this year, 6 of them have been on Maui - more specifically, South Maui (Kihei,…

The Kihei condo market continues to be one of the most interesting in Maui and within it, there are a multiple anomalies, one is Kihei Akahi, which has proven to be one of the strongest micro-markets in Kihei real estate. Let's take a look at how Kihei Akahi is doing currently. 

Active Listings

Currently there are five listings on the market, all of which are in D building: 

D-315 - Very desirable two-bedroom corner unit. Upgraded condition, outstanding view corridors, offered for $655K.
D-314 - One bedroom unit. Big ocean views, list price $479K.
D-613 - Penthouse level one bedroom unit with panoramic view corridors, list price $489K.
D-609 - Another penthouse level one bedroom unit. Clean condition, big views, with a list price of $525K
D-402 - Two…

With miles of some of the most beautiful beaches in the world, the Kihei coastline is home to some of the best oceanfront / beachfront Maui real estate. On today's post, we'd like to discuss the Luana Kai condo market. Located in North Kihei, Luana Kai has convenient access to the rest of Kihei while having a comfortable commute to West Maui and Central, with all the amenities waiting therein. Onsite, guests, residents and owners enjoy access to the pool and cabana area, one of Kihei's best, as well as easy access to the public tennis courts directly out front. The property is fronted by a large area of conservation land owned by the County, which in essence acts as a buffer between the property and the beach - the added benefit of not being directly…