Maui Million Dollar Home Sales ($1.0M+) – Day 2 of 10 – Sale Prices
September 19, 2013
From January 1, 2012 through September 16, 2013, a total of 231 “million dollar plus” homes sold in Maui County, generating total volume in excess of $525 million.
There are many ways that Hawaii real estate appraisers analyze sales statistics for luxury homes. Because a proper market study for this segment would run many pages, I am posting one article per day for ten days.
Day 2 of 10 – Maui Million Dollar ($1.0M+) Single Family Homes By Sale Price
Consider the following graph and chart:
Maui Million Dollar Homes By Sale Price
| Maui Million Dollar Single Family Homes By Sale Price | ||
| Sold From 1/1/2012 through 9/16/2013 | ||
| Sale Price | # of Sales | % of Total |
| $1.0 M to $1.9 M | 157 | 68.0% |
| $2.0 M to $2.9 M | 31 | 13.4% |
| $3.0 M to $3.9 M | 18 | 7.8% |
| $4.0 M to $4.9 M | 9 | 3.9% |
| $5.0 M to $5.9 M | 5 | 2.2% |
| $6.0 M to $6.9 M | 2 | 0.9% |
| $7.0 M to $7.9 M | 1 | 0.4% |
| $8.0 M to $8.9 M | 4 | 1.7% |
| $9.0 M to $9.9 M | 3 | 1.3% |
| More than $10.0 M | 1 | 0.4% |
| Total | 231 | 100.0% |
The data shows a predictable trend, with more than 80 percent of the “one million plus” sales on Maui being in the “under $3.0 million” price range. Although a handful of high profile Maui luxury homes have sold in the past few years for prices in excess of $20.0 million, MLS records show only one residence eclipsing $10.0 million since January 1, 2012.
Bottom Line: Price Matters
There is healthy market activity in Maui’s “million dollar plus” category, but the overwhelming majority of sales (nearly 90 percent) sold for less than $4.0 million.
Questions or comments? Please leave them in the comment box below, I would be happy to clarify and/or expand.
Aloha, Chris
About Chris Ponsar
Chris Ponsar, MAI, SRA 
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