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SINGLE FAMILY RESIDENCE 2012 Median Price 2013 Median Price Median Price % CHANGE 2012 Median Price 2013 Median Price Median Price % CHANGE 062,514$ 000,763$ lartneC 13% $199,000 $220,000 11% A/N 0$ 0$ %11- 000,995$ 000,076$ ukiaH %2 000,574$ 000,564$ %13 000,507$ 005,735$ anaH Kaanapali $1,290,000 $1,160,000 -10% $483,950 $724,950 50% Kahakuloa $1,249,950 $413,150 -67% $0 $0 N/A Kapalua $2,760,000 $3,500,000 27% $560,000 $787,500 41% A/N 0$ 0$ AN 005,964$ 0$ eanaeK %02 000,053,5$ 000,444$ iehiK $256,000 $319,000 25% A/N 0$ 0$ AN 0$ 0$ uluhapiK Kula/Ulupalakua/Kanaio $580,000 $615,000 6% $0 $0 N/A %3 000,953$ 000,053$ %73 000,006$ 005,734$ aniahaL %65 000,503$ 000,591$ ianaL $529,000 $97,000 -82% %71 005,723$ 000,182$ A/N 0$ 0$ aealaaM Makawao/Olinda/Haliimaile $325,500 $412,000 27% $0 $0 N/A Maui Meadows $889,250 $1,300,000 46% $0 $0 N/A %43 005,58$ 000,46$ %94 005,083$ 000,552$ iakoloM A/N 0$ 0$ %001- 0$ 991,532$ ukihaN Napili/Kahana/Honokowai $617,500 $799,000 29% $300,000 $385,000 28% Olowalu $1,150,000 $1,175,000 2% $0 $0 N/A %7 000,893$ 000,273$ %5 000,515$ 000,094$ inalakuP Sprecklesville/Paia/Kuau $438,500 $574,500 31% $260,000 $294,000 13% Wailea/Makena $1,365,000 $2,800,000 105% $745,500 $998,750 34% MAUI SUMMARY $465,000 $539,444 16.00% $350,000 $377,200 8.00% CONDOMINIUM SINGLE FAMILY RESIDENCE 2012 Median Price 2013 Median Price Median Price % CHANGE 2012 Median Price 2013 Median Price Median Price % CHANGE A/N 0$ 0$ %21 000,361$ 000,541$ anuP South Hilo $235,000 $275,500 17% $130,000 $97,500 -25% North Hilo $300,000 $285,000 -5% $0 $0 N/A Hamakua $235,000 $330,000 40% $0 $0 N/A North Kohala $599,000 $449,000 -25% $0 $0 N/A South Kohala $322,500 $387,000 20% $420,000 $430,000 2% North Kona $391,365 $450,000 15% $187,000 $235,000 26% South Kona $288,250 $355,000 23% $160,000 $0 -100% %69 000,002$ 000,201$ %65 405,551$ 057,99$ u'aK BIG ISLAND SUMMARY $249,000 $299,000 20.00% $249,000 $261,250 4.92% CONDOMINIUM (continued from page 52) This requirement is stated in the Treasury Regulations governing IRC Section 1031 exchanges. Specifically, Section 1.1031(a)-1(2)(c)(2) provides as follows: “No gain or loss is recognized if: … (2) a taxpayer, who is not a dealer in real estate, exchanges city real estate for a ranch or farm, or exchanges a leasehold of a fee with 30 years or more to run for real estate, or exchanges improved real estate for unimproved real estate.” Additionally, property held solely for future realization of appreciation is also considered “held for investment”. Owners of investment property should be confident that there are many alternatives, if they wish to replace their current investment property with another type of real estate. Choose OREXCO to handle your next exchange. We have offices nationwide to serve you and/or your client’s exchange needs. Call 1-877-591-1031 o r v i s i t o u r w e b s i t e a t www.orexco1031.com Taxpayers contemplating an exchange should always consult their tax or legal advisor. Julie Tumbaga, VP Hawaii Regional Manager 900 Fort Street Mall, Suite 1900 Honolulu, Hawaii 96813 (808) 524-6737 (877) 591-1031 Toll Free Jtumbaga@orexco1031.com www.orexco1031.com Jenni Lee | Account Executive | 808.430.3022 | JenniL@ortc.com Reta Chin-Chiarella | Business Development | 808.268.6554 | rchinchiarella@ortc.com MAUI BIG ISLAND Year to Date Median Sales Prices By Island As of August 2013 www.ortc.com Our Promise "We increase the value of real estate transactions for all participants by identifying, underwriting and managing each transaction with the highest standards of technical skill, client service and professional integrity" 67,000 $4 $5 ,0 3 farm, or www.orexco1031.com (877) 591-1031 Toll Free C to Date Median Sales Prices By Island . rtc.com ro ise e t a sa ip by g n r r n c i h st ic il , i a o s