Maui Million Dollar Home Sales ($1.0M+) – Day 8 of 10 – “How Many Bedrooms Do They Have?”
September 25, 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 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 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
Chris Ponsar, MAI, SRA 
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