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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2023-01/</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>
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    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2022-year-in-review.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2022-year-in-review.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2022 Year in Review</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: 2022 Year in Review





Kapalua Condominiums:  2017-2022


Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.










Key Stats by Community


How does the market in 2022 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay





In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this is that all sales in 2022 were oceanfront, while in 2021 there was a second-row sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -62Low Sales Price +43High Sales Price -9Average Sales Price +14Average Sales Price/Sq. Ft. +19Average DOM -57Average Sales Price/List Price -4







View Coconut Grove Kapalua units for sale


Kapalua Ironwoods*


*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -2Low Sales Price +53High Sales Price +51Average Sales Price +23Average Sales Price/Sq. Ft. +6Average DOM -53Average Sales Price/List Price +3







View Kapalua Ironwoods for Sale


Kapalua Bay Villas





In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa.  This also served to increase the average sales price.  That said, the number of sales was much closer to 2020 figures.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -57Low Sales Price +72High Sales Price +10Average Sales Price +30Average Sales Price/Sq. Ft. +36Average DOM -71Average Sales Price/List Price +4







View Kapalua Bay Villas for Sale


Kapalua Golf Villas 


In 2022, the Golf Villas experienced about half of the sales of 2021, but like other properties, the sale of a renovated two-bedroom in 21 building set a record high, thereby increasing the average sales price and price per square foot dramatically.


Metrics: 2022 vs. 2021Number of Sales -52Sales Volume -34Low Sales Price +57High Sales Price +39Average Sales Price +39Average Sales Price/Sq. Ft. +41Average DOM -34Average Sales Price/List Price +1







View Kapalua Golf Villas for Sale


Kapalua Ridge Villas





In 2022, similar to other properties, the available inventory at the Ridge Villas was quite limited.  The sale of a two bedroom villa set a record high of $1,900,000.


Metrics: 2022 vs. 2021Number of Sales -61Sales Volume -50Low Sales Price +61High Sales Price +12Average Sales Price +26Average Sales Price/Sq. Ft. +45Average DOM -61Average Sales Price/List Price +3







View Kapalua Ridge Villas for sale


Montage Residences Kapalua Bay





While the record high sale was in 2021, the average sales price did increase at Montage as did the average sales price/sq. ft.  It is noteworthy that the high sale in 2021 was a four bedroom residence.  With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price.  The number of sales was similar to 2020, but the volume was significantly higher.


Metrics: 2022 vs. 2021Number of Sales -63Sales Volume -61Low Sales Price +11High Sales Price -40Average Sales Price +4Average Sales Price/Sq. Ft. +16Average DOM 0Average Sales Price/List Price -1







View Montage Residences Kapalua Bay for Sale


Ritz-Carlton Kapalua Residences 





The Ritz-Carlton Kapalua also saw an increase in the average sales price/sq. ft. with an increase in the sales price to list price ratio as well.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -23Low Sales Price +5High Sales Price +0Average Sales Price -4Average Sales Price/Sq. Ft. +8Average DOM -64Average Sales Price/List Price +5







View Ritz-Carlton Residences Kapalua for Sale


KAPALUA RESIDENTIAL MARKET UPDATE


Kapalua's Residential Communities


Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill &amp; Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place.  There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.


KAPALUA HOME SALES


 


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES







View Pineapple Hill &amp; Pineapple Hill Estates Homes


PLANTATION ESTATES AT KAPALUA HOMES










View Plantation Estates Homes for Sale


HONOLUA RIDGE HOMES


 




View Honolua Ridge Homes


MAHANA ESTATES HOMES


 

 View Mahana Estates Homes


KAPALUA PLACE &amp; OCEANFRONT HOMES










Active listings: 9 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000


There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft.  It will likely soon be developed.


View Kapalua Place and Kapalua Oceanfront homes


KAPALUA LAND SALES


 


Pineapple Hill &amp; Pineapple Hill Estates Land





Plantation Estates Land





Mahana Estates Land





Honolua Ridge Land





If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,





Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS.  Interested parties are advised to do their own due diligence and confirm all figures contained herein.
 ]]> </description>
    <pubDate>Mon, 23 Jan 2023 14:20:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/a-way-to-give-back-hawaii-land-trust.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/a-way-to-give-back-hawaii-land-trust.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>A way to give back: Hawai'i Land Trust</title>
    <description> <![CDATA[ 
Spotlight on the Hawai'i Land Trust:


The Hawai'i Land Trust's popular annual Buy Back the Beach event is sold out, but you can participate remotely in supporting this incredible organization in their online auction. Bidders can choose from everything from local artwork and luxury goods from local designers to experiences like a private chef's tasting and helicopter adventures.


Bidding is now live:https://hilt2023.ggo.bid/bidding/package-browse


Or you can volunteer for an upcoming workday in one of their sites on Maui, Kauai or Oahu




REGISTER AND COMPLETE A WAIVER FOR AN UPCOMING WORKDAY ON THE HILT.ORG WEBSITE




Waiheʻe Coastal Dunes &amp; Wetlands Refuge, Maui Every Friday AND Third SaturdayUpcoming Saturday Volunteer Day: January 21st at 8 amRegister here. Nuʻu Refuge, Maui QuarterlyNext: Saturday, February 4, 2023 at 9 amRegister here. Kāhili Beach Preserve, KauaʻiFirst Sunday of each monthNext: February 5, 2023 at 8:30 amRegister here. Maunawila Heiau Complex, OʻahuSecond Saturday of each monthNext: January 14, 2023 at 9amRegister here. 


For more information on the Hawai'i Land Trust and the work they are doing across the Hawaiian Islands visit: www.hilt.org
 ]]> </description>
    <pubDate>Thu, 19 Jan 2023 12:32:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/sothebys-international-realty-2023-luxury-outlook-report.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/sothebys-international-realty-2023-luxury-outlook-report.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Sotheby's International Realty 2023 Luxury Outlook Report</title>
    <description> <![CDATA[ 



Sotheby's International Realty has released its Luxury Real Estate Outlook Report for 2023, which provides insights into luxury real estate markets around the globe, issues with the supply chain, inventory, and guidance such as How to Sell a High End Home During Any Type of Market.  The report provides valuable observations for Maui's real estate market, particularly in the resort areas, where there was a significant change over in ownership in 2021.  There were fewer sales in 2022, which was not unexpected, as available inventory decreased dramatically.












Here is a snapshot of some of the key takeaways from the report:




Strong Appeal for Luxury Properties, Despite Interest Rate HikesDespite interest rate increases, luxury buyers remain undeterred and are eager for prime properties.


What Lies Ahead: Lessons from Past Market CorrectionsThere are potential upsides to markets slowing after rapid growth.


Stability is Watchword in Tax Friendly MarketsLearn more about the areas of the world that offer stability thanks to favorable tax laws and high quality of life.


For Passing Wealth Between Generations, Property Is Still KingReal estate remains the most secure and efficient way for the affluent to pass on wealth to the next generation.


Most US Markets that Grew During the Pandemic Remain Strong: if slightly mutedReal estate markets that saw prices skyrocket during Covid-19 seem to be holding value.


Buyers Around the Globe Expand Their SearchesBuyers are looking at more distant destinations that may offer more value for their dollar.


Naturehoods: The Great Outdoors is a Top AmenityLearn about the new “naturehood” trend and the lifestyle changes that have sent buyers to residences with easy access to nature.


High-End Vacation-Rental Spots Face Changing Market Post-CovidDuring the Pandemic, many vacation home properties became primary residences as the affluent left cities.














Whether looking for real estate with me on Maui or across the globe, It would be my honor to connect you with one of my fellow Global Real Estate Advisors.  The Sotheby's International Realty's ohana of trusted real estate professionals provides our clients with unsurpassed local market knowledge on the neighbor islands, across the United States, and around the world in 75 countries.
 ]]> </description>
    <pubDate>Thu, 05 Jan 2023 14:18:00 -1000</pubDate>
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