Maui Million Dollar Home Sales ($1.0M+) – Day 8 of 10 – “How Many Bedrooms Do They Have?”

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 8 of 10 – Maui Million Dollar ($1.0M+) Single Family Homes By Bedroom Count

Consider the following graph and chart, which categorize Maui million dollar home sales by the number of bedrooms in their floorplans:

Maui Million Dollar Home Sales By Bedroom Count

Maui Million Dollar Home Sales By Bedroom Count

Maui Million Dollar Single Family Homes By Bedroom Count
Sold From 1/1/2012 through 9/16/2013
Bedrooms # of Sales % of Total
1 2 0.9%
2 20 8.7%
3 88 38.1%
4 82 35.5%
5 29 12.6%
6 9 3.9%
7 1 0.4%
Total 231 100.0%

Bottom Line: No Need To Remake Buckingham Palace

The vast majority of million dollar homes sold on Maui have just 3 or 4 bedrooms.  Maybe not impressive on MTV Cribs, but obviously enough for hundreds of wealthy second home buyers.

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
I'm a commercial and high-end residential real estate appraiser in Hawaii. I'm passionate about appraisal and valuation issues in the same way some folks obsess over football, shopping, or bacon. I love this stuff.

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