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        <atom:link href="http://www.luxuryrealestatemaui.com/blog/2019-09/rss" rel="self" type="application/rss+xml" />
        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2019-09/</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/market-spotlight-kapalua-golf-villas.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-kapalua-golf-villas.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Kapalua Golf Villas</title>
    <description> <![CDATA[ 
Kapalua Golf Villas: Market Overview September 2019


Kapalua Golf Villa 21P3,4 enjoys a sweeping view of the Pacific ocean and outer island of Lanai


The Kapalua Golf Villas is a popular community located in the heart of the Kapalua Resort.  Built in 1979, the property is comprised of 16 buildings on 15.84 acres.  Originally designed with one and two-bedroom floor plans, there have been some two-bedroom loft-style floor plans that were converted to three-bedroom villas.  Onsite amenities include four swimming pools and barbeque areas.  The Kapalua Resort is home to two championship golf courses, tennis, hiking, world-class dining and some of Maui's most beloved beaches.


Quick Market Overview Active Listings:


View Current Listings of Kapalua Golf Villas for Sale






Current Listings


11




Low LP


$629,000




High LP


$1,195,000




Average LP


$869,436




Average LP/Sq. Ft.


$777




Average DOM


175






Pending Sales


There are no pending sales in MLS at the time of this posting


Kapalua Golf Villas: Recent Sales Overview


View Listing Photos of Kapalua Golf Villas Recent Sales


Sales Summary: All Floor Plans






Kapalua Golf Villas 


2019 YTD


2018


2017


2016


2015


2014




Sales


16


13


21


6


10


7




Volume


$12,451,500  


$10,645,400 


$15,900,099


$5,140,000 


$7,517,500 


$5,518,000 




Low SP


$595,000


$575,000


$530,000


$730,000


$650,000


$645,000




High SP


$935,000


$1,200,000


$960,000


$965,000


$918,000


$900,000




Average SP


$778,218


$818,876 


$757,147


$856,666


$751,750


$747,857




Average SP/Sq. Ft


$669


$678


$694


$653


$610


$674




Average DOM


170


154


351


275


312


197









Sales Summary: One Bedroom Floor Plans






Kapalua Golf Villas 


2019 YTD


2018


2017


2016


2015


2014




Sales


8


5


13


2


3


4




Volume


$5,542,000 


$3,252,500 


$8,805,000


$1,470,000 


$2,174,500 


$2,730,000 




Low SP


$595,000


$575,000


$530,000


$730,000


$650,000


$645,000




High SP


$795,000


$735,000


$750,000


$740,000


$767,000


$710,000




Average SP


$692,750


$650,500


$677,307


$735,000


$724,833


$645,000




Average SP/Sq. Ft


$701


$677


$720


$787


$714


$759




Average DOM


144


182


384


321


319


196









Sales Summary: Two+ Bedroom Floor Plans






Kapalua Golf Villas 


2019 YTD


2018


2017


2016


2015


2014




Sales


8


8


8


4


7


3




Volume


$6,909,500  


$7,392,900 


$7,095,099


$3,670,000 


$5,343,000 


$2,505,000 




Low SP


$774,500


$760,000


$835,000


$850,000


$660,000


$790,000




High SP


$935,000


$1,200,000


$960,000


$965,000


$918,000


$900,000




Average SP


$863,687


$924,112


$886,887


$917,500


$763,285


$835,000




Average SP/Sq. Ft


$636


$679


$652


$586


$566


$600




Average DOM


195


137


295


252


309


200









View Current Kapalua Golf Villa Condos for Sale:





*Statistics above are at the time of this post per MLS.  Any interested party should do their own due diligence as the information is subject to change.
 ]]> </description>
    <pubDate>Fri, 27 Sep 2019 17:23:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/spotlight-on-launipoko-residential-market-update-september-2019.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/spotlight-on-launipoko-residential-market-update-september-2019.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Spotlight on Launiupoko: Residential Market Update, September 2019</title>
    <description> <![CDATA[ 
Quick Market Overview Launiupoko Homes:





View Current Listings of Launiupoko Homes for Sale


Launiupoko Homes Active Listings






Launiupoko Homes


All


No CPR*


Main Home Lot CPR


Cottage Lot CPR




Active Listings


21


7


 10


4 




Volume


$92,494,000


$41,664,000 


$42,736,000 


$8,094,000 




Low LP


$1,150,000 


$2,999,000


$2,125,000 


$1,150,000 




High LP


$8,750,000 


$8,750,000


$6,995,000 


$2,700,000 




Average LP


$4,404,476 


$5,952,000


$4,273,600 


$2,023,500 




Average LP/Sq. Ft


$1,274


$1,139


$1165 


$1786 




Average Sq. Ft.


3696


5223


3634 


1180 




Average Beds/Baths


3/4


3/4


4/4 


2/2 




Average DOM


170 


213


141 


165 






Launiupoko Homes Pending Sales 






Launiupoko Homes


All


No CPR


Main Home Lot CPR


Cottage Lot CPR




Pending Listings


3 


1


1 


1 




Volume


$12,485,000 


$5,295,000 


$4,295,000 


$2,895,000 




Low LP


$2,895,000 


$5,295,000 


$4,295,000  


$2,895,000  




High LP


$5,295,000 


$5,295,000 


$4,295,000  


$2,895,000  




Average LP


$4,161,666 


$5,295,000 


$4,295,000  


$2,895,000  




Average LP/Sq. Ft


$1700 


$1175 


$1028 


$2985 




Average Beds/Baths


3/4


3/4


4/4


2/2




Average DOM


271 


303 


330 


180 






Launiupoko Home Sales Since 2018






Launiupoko Homes


All


No CPR


Main Home Lot CPR


Cottage Lot CPR




Sales


30 


7


13


10




Volume


$95,547,000 


$69,855,000  


$43,207,000


$17,345,000




Low SP


$935,000 


$1,500,000


$1,667,000


$935,000




High SP


$11,350,000 


$11,350,000


$5,210,000


$2,525,000




Average SP


$3,184,900 


$4,999,286


$3,323,615


$1,734,500




Average SP/Sq. Ft


$1238 


$1454


$925


$1495




Average Beds/Baths


3/3 


3/4


 3/3


2/2 




Average DOM


177 


180


201


143






*In Launiupoko, owners have had the ability to file a CPR* (Condominium Property Regime) with the County.  This essentially creates a 2 or 3 party condominium, which would allow the building of a main home (condo A), cottage of 1000 sq. ft. (condo B) and then farm land only (condo C).  When looking at properties there, it is important to look at whether the property being offered is for a main home plus a cottage, or if it is for a main home only, cottage only, or farm land only.   
 ]]> </description>
    <pubDate>Wed, 25 Sep 2019 16:35:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/montage-residences-kapalua-bay-market-update-september-2019.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/montage-residences-kapalua-bay-market-update-september-2019.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Montage Residences Kapalua Bay: Market Update September 2019</title>
    <description> <![CDATA[ 
Montage Residences Kapalua Bay: Condominium Listings and SalesMarket Overview September 2019





Montage Residences at Kapalua BayWhole Ownership Condominium Residences


When originally developed as a Ritz-Carlton Club and Residences in 2008, the property was comprised of 84 wholly-owned three and four-bedroom residences, some of the largest condominiums available in West Maui.  These residences are located in buildings 1, 2, 5 and 6 and ranged from 2,789 to 4,055 sq. ft. 


The development also included 62 smaller two and three-bedroom residences that were offered as 1/12 ownership located in buildings 3 and 4.  Since then, the property was re-branded in 2014 and all developer fractional sales were halted. 


Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared.  As an overview, when sales at the property first launched in 2009, the market was at a downturn after it's 2007/2008 peak. The low for the Kapalua Resort real estate market took place after in 2012.  


To give you a better sense of how significantly the market has changed, between 2009-2011 there were 14 sales averaging approximately $3.83M, with a total sales volume of $53,747,552.  The foreclosure took place in 2011, and sales ceased while improvements were made property-wide.  When sales began again, the building 1 which is oceanfront, saw the bulk of the activity, followed by buildings 5 (particularly upper floors) and 2.  This summer, the developer began sales of 15 of the smaller three-bedroom residences (approximately 2,000 +/- sq. ft.) in buildings 3 and 4, as well as the remaining inventory of larger residences in building 6.


As of the date of this post, there have been 16 Residences to sell at the Montage Kapalua Bay, averaging $4.53M and a Year to Date volume of $69,855,000 with another $9,240,000 in pending sales in MLS.  This represents a dramatic 19 increase over 2018's total sales volume and a 49 increase over the sales volume when the project relaunched in 2014.   It is noteworthy that 2019 also marks a year of remarkable resale activity, with prime locations with outstanding furnishings, such as Residence 1405, commanding the highest resale of a 3 Bedroom Residence in the project's history:






Residence Resales 2019


Sold


Prior Sale




Montage Residences 2206


$2,400,000


$1,214,600 (2014)




Montage Residences 2204


$2,800,000


$1,333,000 (2014)




Montage Residences 2103


$4,950,000


$2,800,000 (2011)




Montage Residences 1404


$5,275,000


$4,350,000 (2016)




Montage Residences 5501


$5,535,000


$4,500,000 (2017)




Montage Residences 1102


$5,800,000


$4,785,000 (2014)




Montage Residences 1405


$7,250,000


$4,625,000 (2015)






Quick Market Overview Montage Kapalua Bay Condo Listings:


View Current Listings of Montage Residences Kapalua Bay Condominiums






Current Listings


7




Low LP


$2,850,000




High LP


$6,650,00




Average LP


$4,147,142




Average LP/Sq. Ft.


$1674




Average DOM


129






Montage Kapalua Bay Pending Sales






Current Listings


3




Volume


$9,240,000




Low LP


$2,850,000




High LP


$3,080,000




Average LP


$5,141,250




Average LP/Sq. Ft.


$1233




Average DOM


95






Montage Kapalua Bay Sales


View Montage Residences Kapalua Bay Recent Sales






Montage Residences 


2019 YTD


2018


2017


2016


2015


2014




Sales


16


12 


12


9


9


8




Volume


$69,855,000  


$58,780,074  


$54,388,000 


$41,000,000 


$40,770,000 


$46,785,000 




Low SP


$2,400,000


$3,495,000


$3,125,000


$3,125,000


$3,950,000


$4,300,000




High SP


$7,950,000


$8,950,000


$6,475,000


$8,650,000


$4,900,000


$8,250,000




Average SP


$4,365,937


$4,898,339  


$4,532,333


$4,555,556


$4,530,000


$5,848,125




Average SP/Sq. Ft


$1626


$1572 


$1582


$1516


$1609


$1735




Average DOM


177


229


100


147


168


67












Comments on Montage Residences Kapalua Bay Condo Sales History (Year over Year):


It is to expected that the days on market would increase, as we start to see more re-sales introduced to the market in 2019.  Additionally, the low sales price would have been at it's peak in 2014, when buyers were focused on the two oceanfront buildings (buildings 1 and 2) and at its lowest in 2019 with the introduction of the 15 smaller residences in buildings 3 and 4. 


You'll also note a variation in the high sales--there are only 8 four-bedroom residences, which are located at the center of the two oceanfront buildings.  These command the highest sales prices for both their size and location.   There were three four-bedroom sales in 2014, which served to also increase the average SP/Sq. Ft., one in 2016, two in 2018, and one in 2019.  This is why you see lower High Sales Prices in 2015 and 2017.


View Current Montage Kapalua Residences for Sale:


 


*Statistics above are at the time of this post per MLS.  Any interested party should do their own due diligence as the information is subject to change.
 ]]> </description>
    <pubDate>Sun, 22 Sep 2019 13:14:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/spotlight-on-the-international-colony-club.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/spotlight-on-the-international-colony-club.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Spotlight on The International Colony Club</title>
    <description> <![CDATA[ 
Market Overview: The International Colony Club


by Heidi Dollinger, R(S)









 


 


 





 






Photos courtesy of International Colony Club 20 by Dave Lower


Built in 1964, the International Colony Club was one of the very early developments on Kaanapali Hillside.  It is one of the few places in a resort community where you can own a free-standing home on Maui with condominiumized grounds, and Airbnb or vacation rent it, without the need for a short-term rental permit.   This makes it ideal for second homeowners looking to offset their operating expenses while not in residence.


The ability to vacation rent at the International Colony Club is a recent change - it is only within the last year or so that this condominium community has been added to Maui County’s Minatoya List of approved properties for short-term occupancy or vacation rentals.  Prior to being added to the Minatoya List, owners who wanted to vacation rent their cottages had to apply for a short-term rental permit with the County and these permits were not transferrable or guaranteed. Today it is much easier for current and new owners to enjoy the option of renting their cottage to vacation guests on a nightly basis when they choose.


International Colony Club consists of 44 individual cottages on just under 10 acres. There are two swimming pools, and tropically landscaped, park-like grounds.  The plantation-style cottages are painted green to blend with their surroundings.  There are a variety of different layouts, though most range from 1 to 3 bedrooms and are 936 sf – 1450 sf.  Central or split air conditioning is now permitted at International Colony Club with approval of the board to ensure the noise is controlled. Some of the recently remodeled cottages have replaced the original jalousie windows to increase energy efficiency. This is a golf cart friendly community with paths designed for golf cart travel.


Located below the Kaanapali Golf Course on the mauka (mountain side) of the highway, this little enclave is just up the hill from Kahekili Beach Park, also known as “Airport Beach,” part of North Kaanapali Beach. This is a popular swimming beach with a relatively sandy bottom where you get into the water, with places to snorkel, dive, and paddleboard.  There is ample public parking here at the beach park, and a picnic pavilion, and charcoal grills.  Meander down the beach boardwalk for a pau hana at Duke's Restaurant, or simply enjoy the beach and take in a beautiful sunset.


Market Overview: International Colony Club Condos for Sale


Active Listings: 1International Colony Club 33 $555,000Pending Sales: 1International Colony Club 35 $628,800International Colony Club Sales 2019 YTD: 0International Colony Club Sales 2018: 9






International Colony Club


33   


$388,500


 


 




International Colony Club


22


$615,000


 


 




International Colony Club


7


$640,000


 


 




International Colony Club


11


$485,000


 


 




International Colony Club


10


$520,000


 


 




International Colony Club


2


$630,000


 


 




International Colony Club


34


$490,000


 


 




International Colony Club


17


$501,000


 


 




International Colony Club


20


$480,000


 


 






For more information on condos for sale at the International Colony Club in the Kaanapali Resort, contact Heidi Dollinger.
 ]]> </description>
    <pubDate>Fri, 20 Sep 2019 15:16:00 -1000</pubDate>
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