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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2016-08/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-market-update-july-2016.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-market-update-july-2016.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Real Estate Market Update | July 2016</title>
    <description> <![CDATA[ 
Maui Real Estate Market Update | July, 2016


The July Maui Real Estate Market Update is now available for your review.  The report details sales activity through July, 2016 as compared with that of the prior year.  Across the island, the median sales prices are up for homes, condominiums and land.  Sales volume increased in both number of sales and sales volume for condominiums when comparing this year over last.  However, the home and vacant land market didn't fare as well.  Read more...


Maui Real Estate by Property Type: July 2016 vs. 2015


As one might expect, the bulk of sales are condominiums (53) and homes (43), with vacant land (3) and other (6).  Island wide, the Maui Real Estate Market saw the following when comparing this year over last by property type:






 Change July 2016 v 2015


Number of Sales ()


Median Sales Price


Sales Volume ($)




Residential


0


+4


-6




Condominium


+8


+4


+6




Land


-4


+3


-8






The highest sales volume centers around the resort areas of West Maui ($53,339,99) and South Maui ($39,646,330).  This is to be expected as there are more condominiums available in the resort markets of Kapalua, Napili, Kahana, Kaanapali, and Lahaina in West Maui, and in Kihei, Wailea, and Makena in South Maui.  Condominiums often appeal to second home buyers for their ease of care, and many allow vacation rentals.  For second home owners, many elect to rent when not in residence, and condos are often easier to rent than homes, which require a Short Term Rental Home permit. 


Maui Real Estate by Area Volume ( and $): July 2016 vs. 2015


West Maui is the only region to experience an increase in both Sales Volume ($) and Number of Sales () across the three categories. The high  change in the North Shore condominium market is skewed by relatively few sales, as are sales statistics for East Maui.  






Volume


Condo ()


Condo ($)


Home ()


Home ($)


Land ()


Land ($)




West Maui


25


20


12


14


50


61




South Maui


-7


-11


2


-34


-31


-57




North Shore


50


63


-3


-8


8


44




Upcountry


NA


NA


12


20


-26


-33




East Maui


NA


NA


0


8


NA


-27




Central


15


21


-10


-1


-31


-52






Buying or Selling Maui Real Estate?


Please contact me with any questions about the Maui real estate market and properties for sale.  To search Maui Real Estate listings, visit LuxuryRealEstateMaui.com.  You'll find offerings including Maui Oceanfront Homes for Sale, as well as of condominiums, homes and land in the resort areas of West and South Maui and real estate islandwide.


West Maui Condos:  Kapalua Condos for Sale, Napili Condos for Sale, Kaanapali Condos for Sale, Lahaina Condos for SaleHomes: Kapalua Homes for Sale, Kaanapali Homes for Sale, Lahaina Homes for Sale, Launiupoko Homes for SaleLand: Kapalua Land for Sale, Kaanapali Land for Sale, Lahaina Land for Sale, Launiupoko Land for Sale


South Maui Condos: Wailea Condos for Sale, Makena Condos for SaleHomes: Wailea Homes for Sale, Makena Homes for SaleLand: Wailea Land for Sale, Makena Land for Sale


North Shore:Condos: North Shore Maui Condos for SaleHomes: North Shore Maui Homes for SaleLand: North Shore Maui Land for Sale


 


Other areas of interest: Upcountry, East Maui, Central Maui, and Lanai


Mahalo to Fidelity National Title for providing the July 2016 Maui Real Estate Market Report. The sales information compiled in these reports is taken from the Realtor's Association of Maui.  It is deemed reliable, but is not guaranteed.
 ]]> </description>
    <pubDate>Sat, 27 Aug 2016 18:49:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-mid-year-market-spotlight-2016.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-mid-year-market-spotlight-2016.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Real Estate: Mid-Year Market Spotlight 2016</title>
    <description> <![CDATA[ 
Kapalua Real Estate: Mid-Year Market Spotlight 2016 Q1-2


The Kapalua Resort offers many options to prospective buyers--everything from condos to homes, and even fractional ownership Residences at Kapalua Bay.  The following is a market overview for each market segment as of this posting with sales statistics through June 30, 2016:


Kapalua Homes:





Active Listings: 25 (up 3 from the first quarter)Price Range: $2,350,000 to $17,600,000Average List Price: $4,825,364Size Range: 3,390 sq. ft. to 8,179 sq. ft.


Pending Sales: 3Price Range: $5,200,000 to $13,200,000Average Listing Price: $8,133,333


Sales Through 2016 Q2: 9Price Range: $2,150,000 to $6,470,000Average Sales Price: $3,376,666


Sales Through 2016 Q2: 8Average Sales Price: 3,195,625


Commentary:  While the first quarter of 2016 sales represented a significant increase in the number of sales over the same period in 2015, as we closed out the second quarter, the number of sales was relatively even and the average sales price had increased by 6: There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates, Kapalua Place, Honolua Ridge and the Plantation Estates.  VIEW ALL KAPALUA HOMES FOR SALE



 


Kapalua Condominiums:





Active Listings: 72Price Range: $649,000 to $8,750,000Average List Price: $1,789,902Size Range: 870 sq. ft. to 4,055 sq. ft.


Pending Sales: 4Price Range: $3,750,000 to $8,650,000Average Listing Price: $1,844,250


Sales Through 2016 Q2: 16Price Range: $650,000 to $4,500,000Average Sales Price: $1,625,586


Sales Through 2015 Q2: 19Price Range:  $650,000 to $4,750,000Average Sales Price: $1,854,157


Commentary: Since the first quarter, the lowest offering in the resort has increased from $595,000 to $649,000.  There are fewer pending sales, however, the sales are all at the upper end of the market, with an increase of the average price from $1,844,250 in the first quarter to $5,312,500 at the time of this post.  While there have been fewer sales recorded through June 30 in 2016 vs. 2015, it should be noted that just one or two sales can change the averages, particularly with high price points at the Montage Kapalua Bay, where there are currently three condominium residences pending sale.  


Condominium neighborhoods in Kapalua include the Coconut Grove, Kapalua Bay Villas, Kapalua Golf Villas, Kapalua Ironwoods, Kapalua Ridge Villas, Montage Residences, Kapalua Bay and the Ritz-Carlton Residences, Kapalua.  VIEW ALL KAPALUA CONDOS FOR SALE



 


Kapalua Fractional (1/12th Ownership):





Active Listings: 26Price Range: $199,000 to $395,000Average List Price: $295,000Size Range: 1,774 sq. ft. to 2,087 sq. ft.


Pending Sales: 0


Sales Through 2016 Q2: 2Price Range:  $225,000 to $395,000Average Sales Price: $310,000


Sales Through 2015 Q2: 3Price Range:  $190,000 to $385,000Average Sales Price: $333,333


Commentary: The fractional market is a new one to Kapalua, with former Ritz-Carlton Club Residences now being sold at the property now known as the Montage Kapalua Bay.  Only 177 fractional interest sold in the original launch, and there are no new developer offerings.  Resales are limited to this original existing ownership group.  VIEW ALL KAPALUA FRACTIONAL LISTINGS FOR SALE


 



Kapalua Vacant Land:





Active Listings: 16Price Range: $792,000 to $1,800,000Average List Price: $1,512,166Size Range: .23 to 15 acres


Pending Sales: 1Price: $795,000


Sales Through 2016 Q2: 2Price Range: $925,000 to $1,450,000Average Sales Price: $1,187,500


Sales Through 2015 Q2: 2Price Range: $1,400,000 to $4,450,000Average Sales Price: $2,950,000


Commentary: Vacant land has been hit hardest in the Kapalua real estate market since the bottom in 2012.  In 2015, there was a significant sale of a lot on the 18th fairway of the Plantation Estates at $4,500,000.  This serves to raise the average sales prices for that year.  It was a premium paid for location and view.  The sales in 2016 have been in the Honolua Ridge development, which has commanded lower resales of late. Land sales have historically lagged behind home sales as they present a longer time investment with regard to planning and building.  Many resort buyers are looking for immediate use (home or a condo).  However, as lot prices are relatively low in Honolua Ridge and there are so few lots left in Pineapple Hill, we are starting to see buyers move into the land market so that they can build exactly what they want in a home. 


There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates, Kapalua Place, (note there is only one undeveloped lot in this oceanfront community) Honolua Ridge and the Plantation Estates.  VIEW ALL KAPALUA LAND FOR SALE.



 


Active Listings and Pending sales are as of the date of this post.  Sales history is through Q2 of 2016.For more information on the Kapalua Resort and the real estate offerings available, please contact me.
 ]]> </description>
    <pubDate>Thu, 18 Aug 2016 18:35:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-golf-villas-market-spotlight.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-golf-villas-market-spotlight.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Golf Villas: New Listings and Market Spotlight </title>
    <description> <![CDATA[ 
The Kapalua Golf Villas: Market Spotlight





Introducing four spectacular new listings at the Kapalua Golf Villas


The Kapalua Golf Villas is home to me--I've lived here for the last seven years, and love the proximity to restaurants, the walking/hiking trails, beaches, and even though I don't play (because I'm horrible at it), golf.  


The Golf Villas enjoy a sheltered location, oriented to the West and South West overlooking the Bay Course.  This means that the villas tend to be out of the prevailing trade winds, and have amazing sunset views. Depending on the building's orientation, you may find views of Lanai, Molokai, and of course, the golfers making their way up the 10th fairway and back home to the clubhouse on 18.  


A popular community known for it's lush landscaping and views of the course, the Kapalua Golf Villas also offer dedicated covered parking.  Floor plans consist of one and two bedroom units, either single level or town-house style, and occasionally you'll find a two bedroom that has been converted into three bedrooms.  All of the Kapalua Golf Villas have central AC.  In 2014, the Golf Villas completed an extensive three year enhancement project that has made significant exterior and landscaping improvements to the property, including roofs, siding, copper gutters, lighting, drainage, and landscaping.


The Kapalua Golf Villas are comprised of 186 villas in 16 buildings, situated on approximately 15.8 acres. There are 19 villas listed for sale at the time of this posting.  Pricing currently ranges from $649,000 to $1,095,000.  


We are pleased to represent these four beautifully upgraded Kapalua Golf Villas in our Listing Portfolio:


Kapalua Golf Villa 15T5-6This villa is an easily accessible one bedroom, two-bathroom villa with modern European styling and includes a large lanai and terrific views of the famed Kapalua Bay Course. And of course, it will be sold fully furnished and turn key. 


Kapalua Golf Villa 20T5-6This single-level Golf Villa has been completely renovated to create an elegant, island inspired feel that is beyond compare. Renovated in 2013, the owners spared no expense in both design and function: the chef’s gourmet kitchen features Sepele wood cabinetry, leathered finished granite, Thermador appliances, and an induction cook-top with an exterior venting hood; Both bathrooms feature granite counters, custom tiled walk-in waterfall showers, and European designed Grohe fixtures; The owners installed high definition televisions and blu-ray DVD players in both the living room and bedroom. All lighting was improved, with the addition of recessed LED lights, and AC was updated to the efficient and quiet SEER 17 system with separate controls; Sliding glass doors access the lanai from living area and bedroom, both with custom Averte vertical shades with black-out lining; and custom furnishings. A spacious lanai features teak chaise lounges and an Origin dining set from which you may enjoy views of the ocean, the famed Kapalua Bay Course, the outer island of Lanai, and Maui’s famous sunsets.


Kapalua Golf Villa 27P1-2This stunning two bedroom, two bathroom Golf Villa is situated overlooking the Kapalua Bay Course. The unique vantage point offers spectacular views of both the golf course and the Pacific beyond. Renovated by Koliana Designs, the kitchen and bathrooms have been remodeled with new cabinetry and countertops, new flooring, and the kitchen features new appliances.


Kapalua Golf Villa 19T6-7Rarely available, this is one of only six single level two bedroom units on the entry level.  An end unit, this is highly desirable for its easy access, beautiful updates and superb golf course, ocean, outer island, and sunset views.


Kapalua Golf Villas Sales:


There have been five sales since January, 2016.  Sales have ranged from $730,000 to $965,000, and averaged $684/sq. ft.


For more information on the Kapalua Golf Villas or any other Kapalua Real Estate for sale, please contact me.  Current Kapalua Golf Villas listings and recent Kapalua Golf Villas sales follow below:


KAPALUA GOLF VILLAS LISTINGS





KAPLUA GOLF VILLAS RECENT SALES



 ]]> </description>
    <pubDate>Thu, 18 Aug 2016 17:15:00 -1000</pubDate>
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