Kaanapali Resort Condominium Market Update: Q2 | 2023

Posted by Courtney M. Brown on Thursday, July 27th, 2023 at 12:48pm.

KAANAPALI CONDOMINIUM MARKET UPDATE: Q2 2023 

Kaanapali Condos for Sale

Kaanapali Resort Condominiums

Kaanapali Condominiums

Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.

Kaanapali Resort Condos Q2 2023 2022 2021 2020 2019 2018
Number of Sales 39 148 237 159 168 173
Volume $66,617,900 $247,257,475 $321,700,298 $212,877,531 $205,331,916 $191,084,387
Low Sales Price $600,000 $325,000 $318,000 $319,000 $240,000 $159,000
High Sales Price $5,525,000 $5,899,000 $5,400,000 $3,300,000 $4,995,000 $5,725,000
Median $1,500,000 $1,412,500 $995,000 $1,050,000 $952,500 $801,000
Average SP $1,708,151 $1,670,659 $1,357,385 $1,338,852 $1,222,214 $1,104,534
Average SP/Sq. Ft. $1,597 $1,486 $1,158 $955 $1,010 $955
Average DOM 111 90 127 248 218 170
Average SP/LP 97% 98% 98% 96% 97% 96%
There are a mix of leasehold and fee simple condominiums in Kaanapali      

How does the market through the second quarter of 2023 stack up for each community as compared with prior years?

A FIVE-YEAR OVERVIEW

Honua Kai

Honua Kai: condos for sale All Buildings

Honua Kai Q2 2023 2022 2021 2020 2019 2018
Sales 11 45 63 72 57 40
Volume $24,458,000 $112,632,875 $121,182,648 $137,972,250 $91,809,500 $64,235,287
Low SP $1,220,000 $1,150,000 $807,500 $735,000 $774,000 $695,000
High SP $5,525,000 $5,899,000 $5,400,000 $3,199,000 $3,300,000 $5,725,000
Median SP $1,975,000 $1,900,000 $1,550,000 $2,119,750 $1,700,000 $1,120,000
Average SP $2,223,455 $2,502,953 $1,923,534 $1,916,281 $1,610,693 $1,605,882
Average SP/Sq. Ft $2,184 $2,154 $1,498 $1,139 $1,190 $1,357
Average DOM 119 97 137 404 318 117
Average SP/LP 97% 98% 98% 98% 98% 98%

International Colony Club

International Colony Club condos for sale

 

International Colony Club Q2 2023 2022 2021 2020 2019 2018
Sales 0 0 5 1 1 9
Volume 0 0 $3,150,000 $575,000 $618,000 $4,749,500
Low SP NA NA $600,000 $575,000 $618,000 $388,500
High SP NA NA $680,000 $575,000 $618,000 $640,000
Median SP NA NA $620,000 $575,000 $618,000 $501,000
Average SP NA NA $630,000 $575,000 $618,000 $527,722
Average SP/Sq. Ft NA NA $556 $614 $445 $495
Average DOM NA NA 143 127 237 268
Average SP/LP NA NA 100% 96% 98% 93%

 

Kaanapali Alii

Kaanapali Alii condos for sale

Kaanapali Alii Q2 2023 2022 2021 2020 2019 2018
Sales 3 12 27 9 16 15
Volume $8,450,000.00 $31,841,600 $66,456,000 $18,215,000 $39,230,000 $39,762,000
Low SP $2,350,000.00 $1,020,000* $918,000* $1,200,000 $1,100,000 $1,200,000
High SP $3,650,000.00 $4,596,600 $5,000,000 $3,300,000 $4,995,000 $4,800,000
Median SP $2,700,000.00 $2,387,500 $2,300,000 $1,700,000 $2,147,500 $2,525,000
Average SP $2,816,667.00 $2,653,467 $2,461,333 $2,023,889 $2,451,875 $2,650,000
Average SP/Sq. Ft $1,832.00 $1,739 $1,595 $1,248 $1,560 $1,655
Average DOM 57 97 125 129 213 202
Average SP/LP 98.00% 96% 97% 92% 95% 94%

 

Kaanapali Plantation

Kaanapali Plantation condos for sale

Kaanapali Plantation Q2 2023 2022 2021 2020 2019 2018
Sales 1 9 11 4 3 5
Volume $1,375,000.00 $11,244,000 $8,570,250 $3,190,000 $2,039,000 $3,455,000
Low SP $1,375,000.00 $860,000 $448,000 $755,000 $629,000 $625,000
High SP $1,375,000.00 $1,500,000 $1,200,000 $870,000 $780,000 $765,000
Median SP $1,375,000.00 $1,325,000 $731,250 $782,500 $630,000 $675,000
Average SP $1,375,000.00 $1,249,333 $779,114 $797,500 $679,667 $691,000
Average SP/Sq. Ft $1,194.00 $979 $595 $558 $544 $573
Average DOM 77 60 129 127 $282 66
Average SP/LP 92% 97% 98% 95% 97% 99%

 

Kaanapali Royal

Kaanapali Royal condos for sale

Kaanapali Royal Q2 2023 2022 2021 2020 2019 2018
Sales 1 2 3 6 9 7
Volume $1,750,000 $2,455,000 $2,792,000 $4,372,500 $6,997,750 $5,462,200
Low SP $1,750,000 $1,160,000 $820,000 $350,000* $705,000 $710,000
High SP $1,750,000 $1,295,000 $1,100,000 $850,000 $864,750 $875,000
Median SP $1,750,000 $1,227,500 $872,000 $795,000 $765,000 $785,000
Average SP $1,750,000 $1,227,500 $930,667 $728,750 $777,528 $780,314
Average SP/Sq. Ft $1,010 $805 $571 $478 $504 $511
Average DOM 70 35 99 99 101 122
Average SP/LP 89% 108% 103% 97% 97% 99%
* Leasehold sales in 2017 and 2020          

 

Kaanapali Shores

Kaanapali Shores condos for sale

 

Kaanapali Shores Q2 2023 2022 2021 2020 2019 2018 2017
Sales 9 29 33 15 15 33 24
Volume $10,049,900 $26,657,500 $25,358,000 $9,727,381 $9,938,167 $18,452,900 $13,891,140
Low SP $650,000* $325,000* $318,000* $320,000* $365,000 $159,000* $200,000*
High SP $2,500,000 $2,360,000 $2,125,000 $950,000 $997,000 $1,780,000 $1,554,840
Median SP $950,000 $810,000 $700,000 $645,000 $557,500 $553,000 $520,000
Average SP $1,116,656 $919,224 $768,424 $635,159 $621,135 $559,179 $578,798
Average SP/Sq. Ft $1,252 $1,098 $931 $781 $830 $702 $708
Average DOM 126 91 145 142 117 165 167
Average SP/LP 97% 98% 98% 95% 97% 96% 96%
*There were leasehold sales every year.  Low is marked with the asterisk        

 

The Mahana at Kaanapali

The Mahana at Kaanapali condos for sale

Mahana Q2 2023 2022 2021 2020 2019 2018
Sales 6 21 12 5 9 11
Volume $9,357,500.00 $26,241,500 $14,372,400 $4,858,000 $8,302,000 $8,782,000
Low SP $1,175,000.00 $772,500 $725,000 $640,000 $625,000 $550,000
High SP $3,005,000.00 $2,300,000 $1,725,000 $1,650,000 $1,850,000 $990,000
Median SP $1,248,750.00 $1,160,000 $1,197,500 $880,000 $825,000 $825,000
Average SP $1,559,583.00 $1,249,595 $1,197,708 $971,600 $922,444 $798,364
Average SP/Sq. Ft $1,682.00 $1,591 $1,330 $1,314 $1,174 $1,135
Average DOM 130 78 253 161 140 77
Average SP/LP 98% 97% 97% 96% 98% 97%

 

Maui Eldorado

Maui Eldorado condos for sale

Maui Eldorado Q2 2023 2022 2021 2020 2019 2018
Sales 2 10 12 10 12 9
Volume $1,850,000.00 $7,011,000 $6,803,500 $4,302,500 $4,766,000 $3,044,012
Low SP $600,000.00 $415,000 $345,000 $240,000 $240,000 $210,000
High SP $1,250,000.00 $1,137,500 $965,000 $835,000 $835,000 $610,000
Median SP $925,000.00 $616,250 $460,750 $403,750 $332,500 $327,901
Average SP $925,000.00 $701,100 $566,958 $430,250 $397,167 $316,111
Average SP/Sq. Ft $746.53 $657 $559 $458 $458 $287
Average DOM 59.5 64 131 79 79 251
Average SP/LP 97.00% 101% 98% 96% 96% 91%

 

Maui Kaanapali Villas

Maui Kaanapali Villas condos for sale

 

Maui Kaanapali Villas Q2 2023 2022 2021 2020 2019 2018
Sales 0 6 15 10 5 12
Volume 0 $4,615,000 $9,598,900 $5,884,400 $3,695,000 $6,382,500
Low SP NA $400,000 $345,000 $432,500 $430,000 $285,000
High SP NA $1,100,000 $915,000 $799,000 $1,050,000 $1,797,000
Median SP NA $767,500 $625,000 $487,450 $760,000 $417,500
Average SP NA $769,167 $639,927 $588,440 $739,000 $531,875
Average SP/Sq. Ft NA $1,154 $985 $889 $932 $747
Average DOM NA 111 64 54 49 278
Average SP/LP NA 99% 98% 98% 100% 97%

 

Maui Kai

Maui Kai condos for sale

The Masters at Kaanapali Hillside

The Masters at Kaanapali Hillside condos for sale

 

Masters Q2 2023 2022 2021 2020 2019 2018
Sales 5 17 31 15 18 16
Volume $8,190,000.00 $25,371,000 $34,802,000 $13,586,500 $15,498,500 $17,310,000
Low SP $1,400,000.00 $900,000 $675,000 $575,000 $550,000 $540,000
High SP $1,990,000.00 $2,175,000 $1,929,000 $1,300,000 $1,400,000 $1,500,000
Median SP $1,500,000.00 $1,565,000 $1,107,000 $945,000 $852,000 $1,127,500
Average SP $1,638,000.00 $1,492,412 $1,122,645 $905,766 $861,028 $1,081,875
Average SP/Sq. Ft $1,074.00 $989 $796 $639 $660 $690
Average DOM 190 62 133 97 225 164
Average SP/LP 92.00% 100% 98% 95% 95% 93%

 

The Vintage at Kaanapali

The Vintage condos for sale

 

Vintage Q2 2023 2022 2021 2020 2019 2018
Sales 1 3 7 4 6 6
Volume $1,800,000 $5,190,000 $9,734,000 $4,573,000 $6,840,999 $6,445,000
Low SP $1,800,000 $1,200,000 $1,100,000 $950,000 $890,999 $801,000
High SP $1,800,000 $1,995,000 $1,620,000 $1,375,000 $1,425,000 $1,400,000
Median SP $1,800,000 $1,995,000 $1,360,000 $1,124,000 $1,125,000 $1,120,000
Average SP $1,800,000 $1,730,000 $1,390,571 $1,143,250 $1,140,167 $1,074,167
Average SP/Sq. Ft $890 $797 $693 $621 $610 $546
Average DOM 191 203 87 148 237 141
Average SP/LP 92% 97% 99% 96% 94% 95%

 

The Whaler at Kaanapali Beach

The Whaler at Kaanapali Beach condos for sale

Whaler Q2 2023 2022 2021* 2020 2019 2018
Sales 2 8 24 7 16 17
Volume $2,485,000 $14,931,500 $29,712,000 $7,480,000 $19,000,000 $19,765,000
Low SP $1,085,000 $1,080,000 $500,000 $795,000 $750,000 $620,000
High SP $1,400,000 $3,970,000 $3,650,000 $1,250,000 $2,750,000 $2,150,000
Median SP $1,242,500 $1,575,000 $945,500 $1,100,000 $945,000 $1,100,000
Average SP $1,242,500 $1,866,438 $1,238,000 $1,068,571 $1,187,500 $1,162,647
Average SP/Sq. Ft $2,292 $1,959 $1,524 $1,266 $1,380 $1,318
Average DOM $36 85 116 150 173 165
Average SP/LP 108% 98% 98% 91% 95% 94%
*Leasehold Sale occurred in this year          

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

137 Properties Found. Page 1 of 12

Whaler 761- Experience The Best Of Beachfront ...

NEW Photo of Listing #408033

$1,150,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 542 ft²

Residential

2481 Kaanapali Pkwy 761, Kaanapali, HI

MLS® #408033

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Whaler 761- Experience The Best Of Beachfront Living At The Whaler On Kaanapali Beach From This Beautifully Updated Seventh-floor Studio Unit Offering Lovely Ocean Views And A Desirable Sense Of Privacy. The Spacious Interior Features Mirrored Walls, A Cus...

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Fabulous Vacation Rental At Honua Kai Hoku Lani...

NEW Photo of Listing #408024

$895,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 39.84 Acres
  • 620 ft²

Residential

130 Kai Malina Pkwy 232, Kaanapali, HI

MLS® #408024

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-385-2918

Fabulous Vacation Rental At Honua Kai Hoku Lani Tower. Priced To Sell, This Well Maintained Hotel Zoned Vacation Rental Is Very Busy. This Spacious One Bedroom, One Bath Has And Open Floorplan Great For Entertaining. The Kitchen Island Opens To The Living R...

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Introducing Honua Kai – Konea Enclave Residence...

NEW Photo of Listing #407969

$4,495,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 34.82 Acres
  • 2,230 ft²

Residential

130 Kai Malina Pkwy Nr102, Kaanapali, HI

MLS® #407969

Listed By: Berkshire Hathaway Maui Prop-L

Introducing Honua Kai – Konea Enclave Residence 102, A Rare And Highly Sought-after Three-bedroom, Three-bathroom Oceanfront Ground-floor Residence Ideally Positioned Within One Of West Maui’s Premier Destination Resorts. This Exceptional Home Is One Of The...

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Welcome To The Masters 2204, A Rare Top-floor R...

NEW Photo of Listing #407973

$1,650,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,512 ft²

Residential

50 Puu Anoano St 2204, Kaanapali, HI

MLS® #407973

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-205-2787

Welcome To The Masters 2204, A Rare Top-floor Residence In One Of Ka’anapali’s Most Coveted Communities. This Beautifully Updated 2 Bed, 2 Bath Home Offers 1,512 Sq. Ft. Of Living With Vaulted Ceilings, Skylights, And Fresh New Furnishings Throughout. With ...

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Welcome To Hoku Lani 210 At The Renowned Honua ...

NEW Photo of Listing #407976

$1,500,000 Pending Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,120 ft²

Residential

130 Kai Malina Pkwy Sr-210, Kaanapali, HI

MLS® #407976

Listed By: Harcourts Island Real Estate

Welcome To Hoku Lani 210 At The Renowned Honua Kai Resort On North Ka'anapali Beach. This Spacious, Luxurious Two-bedroom, Two-bath Residence Offers An Ideal Layout With Two Private Ensuite Bedrooms Thoughtfully Separated For Comfort And Privacy. From The L...

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Welcome To Whaler 762, A Beautifully Finished A...

NEW Photo of Listing #407979

$1,075,000 Pending Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 523 ft²

Residential

2481 Kaanapali Pkwy 762, Kaanapali, HI

MLS® #407979

Listed By: Berkshire Hathaway Maui Prop-L

Welcome To Whaler 762, A Beautifully Finished And Thoughtfully Updated Studio Perched Above The Golden Sands Of World-famous Ka?anapali Beach—universally Known As “dig Me Beach.” Located In The Coveted South Tower, This Private Retreat Enjoys A Peaceful Cou...

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We Are Proud To Offer The Ali’i 212 For Sale. ...

Photo of Listing #407952

$1,995,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,439 ft²

Residential

50 Nohea Kai Dr 212, Kaanapali, HI

MLS® #407952

Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234

We Are Proud To Offer The Ali’i 212 For Sale. Experience The Pure Elegance Of This Completely Renovated Home. Situated On The Highly Desired Ground Floor, This Home Is Located At The Very Popular Ka’anapali Ali’i, One Of Hawaii's Finest Ocean Front Condom...

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Discover A Rare Corner Oceanfront Residence Whe...

Photo of Listing #407936

$999,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 1.72 Acres
  • 587 ft²

Residential

106 Kaanapali Shores Pl 908, Kaanapali, HI

MLS® #407936

Listed By: Epic Realty LLC

Discover A Rare Corner Oceanfront Residence Where Refined Design Meets Breathtaking Natural Beauty. From Its Privileged Position Above North Kaanapali Beach, Maui Kai 908 Offers Sweeping Views Of Molokai, Lanai, And Unforgettable Sunsets—framed By Floor-to-...

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Masters 903 Isn’t Just A Ground Floor Jewel, It...

Photo of Listing #407945

$1,445,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,512 ft²

Residential

50 Puu Anoano St 903, Kaanapali, HI

MLS® #407945

Listed By: Maui Luxury Real Estate LLC

Masters 903 Isn’t Just A Ground Floor Jewel, It’s A Front Row Legacy. From This Premium, Walk-right-out Location, Your Lanai Feels Like The Edge Of The Island, With Mesmerizing Pacific Ocean And Outer Islands Views Filling The Horizon. Step Into A True “wow...

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This Spectacular Unit Is Located On The Desirab...

Photo of Listing #407935

$1,100,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 11.46 Acres
  • 920 ft²

Residential

45 Kai Ala Dr A-209, Kaanapali, HI

MLS® #407935

Listed By: Hawaii Life (W)
Office Contact: Cell: 808-870-8668

This Spectacular Unit Is Located On The Desirable Second Floor Of The Aloha Tower With A Rare Oversized 313 Ft Lanai To Enjoy The Tropical Setting And A Glimpse Of Ocean View! Remodeled Top To Bottom In 2022 With Beautiful Luxury Vinyl Flooring Throughout,...

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Discover The Perfect Blend Of Comfort, Space, A...

Photo of Listing #407920

$1,075,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,534 ft²

Residential

2560 Kekaa Dr K201, Kaanapali, HI

MLS® #407920

Listed By: Living Maui Real Estate LLC
Office Contact: Cell: 808-359-1161

Discover The Perfect Blend Of Comfort, Space, And Sweeping Island Scenery At Kaanapali Royal K201. This Beautifully Positioned Residence Captures Ocean Views, As Well As Inner Courtyard, Pool, And Kaanapali Royal Golf Course. K201 Offers One Of The Most Des...

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Whaler 565- Experience Classic Kaanapali Living...

Photo of Listing #407913

$999,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 542 ft²

Residential

2481 Kaanapali Pkwy 565, Kaanapali, HI

MLS® #407913

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Whaler 565- Experience Classic Kaanapali Living From This Beautifully Appointed Studio At The Whaler, Featuring Gorgeous Ocean Views And A Spacious Lanai With Brand-new Sliding Glass Doors. Inside, The Unit Offers A Full Kitchen Complete With Stainless Stee...

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Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value.  Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

This blog post was updated on 7/28/23.  The MLS data charts were changed from a rolling 12 months to a rolling 6 months of data.

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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