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SINGLE FAMILY RESIDENCE CONDOMINIUM 2012 Median Price 2013 Median Price Median Price % CHANGE 2012 Median Price 2013 Median Price Median Price % CHANGE Aina Haina - Kuliouou $1,005,500 $959,000 -5% $510,000 $640,000 25% Ala Moana - Kakaako $785,000 $827,500 5% $355,000 $390,000 10% Downtown - Nuuanu $750,000 $810,000 8% $381,500 $425,000 11% Ewa Plain $460,400 $517,000 12% $310,000 $320,000 3% Hawaii Kai $880,000 $980,500 11% $525,000 $560,000 7% Kailua - Waimanalo $794,500 $890,000 12% $415,000 $450,000 8% Kalihi - Palama $560,000 $575,000 3% $329,000 $340,000 3% Kaneohe $652,500 $690,000 6% $401,000 $423,500 6% Kapahulu - Diamond Head $799,500 $830,000 4% $465,000 $495,000 6% Makaha - Nanakuli $315,000 $320,000 2% $90,000 $111,000 23% Makakilo $575,000 $565,000 -2% $255,000 $264,000 4% Makiki - Moiliili $893,350 $1,027,500 15% $315,000 $320,000 2% Mililani $590,000 $626,000 6% $289,000 $306,000 6% Moanalua - Salt Lake $700,500 $748,000 7% $275,000 $306,000 11% North Shore $669,500 $685,000 2% $300,000 $340,000 13% Pearl City - Aiea $583,750 $603,000 3% $275,000 $285,000 4% Wahiawa $400,000 $432,500 8% $108,000 $139,000 29% Waialae - Kahala $1,450,000 $1,550,000 7% $450,000 $444,000 -1% Waikiki $835,000 $770,500 -8% $365,000 $330,000 -10% Waipahu $500,000 $540,000 8% $250,000 $275,000 10% Windward Coast $500,000 $600,000 20% $180,000 $196,000 9% OAHU SUMMARY $620,000 $650,000 4.8% $317,500 $332,000 4.6% SINGLE FAMILY RESIDENCE CONDOMINIUM 2012 Median Price 2013 Median Price Median Price % CHANGE 2012 Median Price 2013 Median Price Median Price % CHANGE Waimea $314,000 $375,000 19.4% $252,800 $250,000 -1.1% Koloa $532,000 $575,000 8.1% $348,000 $430,000 23.6% Lihue $400,000 $386,000 -3.5% $150,000 $171,275 14.2% Kawaihau $375,000 $432,500 15.3% $141,125 $202,500 43.5% Hanalei $925,000 $855,000 -7.6% $373,750 $487,000 30.3% KAUAI SUMMARY $458,750 $525,000 14.4% $290,000 $311,000 7.2% Year to Date Median Sales Prices By Island As of December 2013 Capital Gains Tax Increases for Some Taxpayers To avoid the so-called “fiscal cliff”, on Janu- ary 1st, 2013; Congress passed the Ameri- can Tax Relief Act of 2012 (TATRA). TATRA made no changes to the 3.8% Medicare surtax¹, which went into effect – as sched- uled – January 1, 2013. TATRA did, howev- er, raise the top capital gains tax rate. Effec- tive January 1, 2013; the top capital gains tax rate will increase from 15% to 20% for individuals with adjusted gross incomes (AGI) above $400,000 and married couples filing jointly with adjusted gross incomes above $450,000. The 3.8% surtax, combined with the capital gains tax, means that taxpayers with AGI’s over $200,000 for single persons and $250,000 for married couples will be subject to the 3.8% surtax on their capital gains. This is in addition to paying either 15% or 20% capital gains tax, depending on one’s federal tax bracket. How do you determine if the 3.8% surtax applies to you? Very simply, if your AGI is equal to or less than the threshold amounts specified in IRC §1411, you will not be sub- ject to the 3.8% surtax. If your AGI is above the specified threshold amounts, you will pay the 3.8% surtax on either your investment income or the excess of your AGI over the specified threshold – whichever amount is less. Filing status Threshold amount Married filing jointly $250,000 Married filing separately $125,000 All other individual taxpayers $200,000 Trusts and Estates $11,650 (for 2012) (continue on page 62) Ashley Seeger | Business Development | 808.222.3021 | aseeger@ortc.com Julia Jones | Business Development | 808.286.0057 | juliaj@ortc.com Catherine Pennell | Account Executive | 808.285.4593 | cpennell@ortc.com KAUAI Kelly Veniegas | Account Executive | 808.224.5355 | kveniegas@ortc.com Sonja Gonzaga | Account Executive | 808.499.4355 | sgonzaga@ortc.com OAHU 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 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" All information taken from Kauai Board of Realtors, MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. All information taken from the Honolulu Board of Realtors. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable.