Kapalua Resort | The 2015 Mid Year Market Review
THE MARKET IN 2015
Comparing where we are now to the same period in 2014, as well as the highs and lows of the market.
- In the first half of 2015, there were 29 sales as compared with 20 in the first half of 2014
- When looking at the first half of 2015, almost all market indicators are up: the number of sales is up (+45%), Low Sales Price (+5%), Average Sales Price (+16%) Median Sales Price (+48%), High Sales Price (+14%) and Sales Volume (+68%). As one might expect, Average Days on Market is down -20%, and the only anomaly is a slight change in Average Sales Price/Sq. Ft., which is down just -3%.
SINCE THE PEAKS:
When examining the peaks, it’s important to again note: the Number of Sales and Sales Volume peaked in 2004. Average and Median Prices peaked in 2007.
- Low Sales Price (-12%), Average Sales Price (0%) Median Sales Price (-12%), and High Sales Price (-41%).
It appears that after peaking in 2007, the bottom of the Kapalua market was in 2012, most metrics are up with the exception of the High Sales Price, which can easily be swung by just one sale.
- Low Sales Price (+97%), Average Sales Price (+107%) Median Sales Price (+192%), and High Sales Price (-5%).