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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 Central $380,000 $415,630 9% $199,000 $246,000 24% Haiku $635,000 $599,000 -6% 0 0 0% Hana $475,000 $723,250 52% $460,000 $475,000 3% Kaanapali $1,230,000 $1,172,500 -5% $499,900 $782,950 57% Kahakuloa $749,900 $413,150 -45% 0 0 0% Kapalua $2,880,000 $3,130,576 9% $575,000 $925,000 61% Keanae $0 $469,500 N/A 0 0 0% Kihei $462,500 $580,000 25% $270,000 $316,500 17% Kipahulu $1,166,000 $0 -100% 0 0 0% Kula/Ulupalakua/Kanaio $565,000 $610,000 8% 0 0 0% Lahaina $512,500 $606,250 18% $365,100 $355,750 -3% Lanai $245,000 $320,000 31% $529,000 $97,000 -82% Maalaea 0 0 0% $275,000 $322,500 17% Makawao/Olinda/Haliimaile $337,500 $420,000 24% 0 0 0% Maui Meadows $815,000 $1,200,000 47% 0 0 0% Molokai $255,000 $365,000 43% $90,000 $99,000 10% Nahiku $267,100 $0 -100% 0 0 0% Napili/Kahana/Honokowai $632,000 $799,000 26% $299,000 $382,500 28% Olowalu $1,150,000 $1,175,000 2% 0 0 0% Pukalani $488,000 $515,000 6% $390,000 $450,000 15% Sprecklesville/Paia/Kuau $438,500 $625,000 43% $260,000 $294,000 13% Wailea/Makena $1,365,000 $2,750,000 101% $757,500 $1,110,000 47% MAUI SUMMARY $470,000 $530,000 13% $358,000 $374,500 5% SINGLE FAMILY RESIDENCE CONDOMINIUM 2012 Median Price 2013 Median Price Median Price % CHANGE 2012 Median Price 2013 Median Price Median Price % CHANGE Puna $149,000 $165,500 11% $0 $0 0% South Hilo $248,000 $290,000 17% $129,000 $106,000 18% North Hilo $300,000 $306,250 2% $0 $0 0% Hamakua $262,000 $319,000 22% $0 $0 0% North Kohala $455,000 $449,000 -1% $0 $285,000 285% South Kohala $340,000 $412,500 21% $411,500 $445,000 8% North Kona $398,250 $445,000 12% $189,500 $228,975 21% South Kona $325,000 $358,000 10% $160,000 $130,501 -18% Ka'u $106,500 $140,000 31% $102,000 $175,000 72% BIG ISLAND SUMMARY $260,000 $295,000 13% $258,000 $251,000 -3% (continued from page 60) How do you determine your applicable capital gains tax rate? Your applicable federal tax bracket will determine your capital gains tax. Applicable capital gains rates are as follows: Federal tax bracket 10% or 15% = 0 capital gains tax Federal tax bracket 25%, 28%, 33% 35% or 39.5% = 15% capital gains tax Federal tax bracket 39.6% = 20% capital gains tax Examples of 3.8% surtax and capital gains tax Example #1: Mr. Smith has an AGI of $220,000 ($160,000 wages and $60,000 investment income). Thus, his AGI is $20,000 over the $200,000 threshold for individuals. He will pay the 3.8% surtax on the lesser of his investment income (i.e. $60,000) or the amount over his $200,000 threshold (i.e. $20,000). Thus, Mr. Smith will pay the 3.8% surtax on $20,000. Additional- ly, since his AGI is $220,000, he is in the 25% federal tax bracket and will be subject to the 15% capital gains rate. His total capi- tal gains tax is 18.8%. Example #2: Mr. and Mrs. Green have an AGI of $180,000 ($140,000 wages and $40,000 investment income). They will pay the 3.8% surtax on the lesser of their invest- ment income (i.e. $40,000) or their excess over the threshold (i.e. $0). Since $0 is the lesser, they pay $0 surtax. However, since their AGI is $180,000, they are in the 25% federal tax bracket and will be subject to the 15% For more information about IRC §1031 e x c h a n g e s , p l e a s e v i s i t www . o r e x c o 1 0 3 1 . c o m o r c a l l 800-738-1031. 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 December 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" All information taken from Hawaii Information Services. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable. All information taken from the Realtors Association of Maui. MLS Sales Data information shown herein, while not guaranteed, is derived from sources deemed reliable.