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

160 Properties Found. Page 1 of 14

Hotel-zoned For Short-term Rentals! Welcome To ...

NEW Photo of Listing #409019

$599,888 Active Fee Simple

  • 1 Baths
  • 10.1 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd 536, Kaanapali, HI

MLS® #409019

Listed By: Kaanapali Luxury Vacation Rentals

Hotel-zoned For Short-term Rentals! Welcome To Unit #536 At Aston Kaanapali Shores Resort, A Well-appointed 5th-floor Studio Located On World-famous Kaanapali Beach. This Bright And Comfortable Unit Features A Full Kitchen, A Private Lanai Overlooking The R...

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Rarely Offered A Very Desirable Inter Courtyard...

NEW Photo of Listing #408996

$5,200,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,643 ft²

Residential

50 Nohea Kai Dr 4104, Kaanapali, HI

MLS® #408996

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-264-3337

Rarely Offered A Very Desirable Inter Courtyard Location This 2 Bedroom 2 Baths With Den Floorplan Is Perfect For Families, Or Those Who Just Want Some Extra Space. The Ocean Views Exceed All Expectations From Every Room. Pride Of Ownership Is Evident. This...

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Hotel Zoned And Cradled Above The Endless Blue ...

NEW Photo of Listing #408974

$745,000 Active Fee Simple

  • 1 Baths
  • 10.1 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd 836, Kaanapali, HI

MLS® #408974

Listed By: Maui Luxury Real Estate LLC

Hotel Zoned And Cradled Above The Endless Blue Pacific Ocean, Kaanapali Shores 836 Is A Front-row Seat To West Maui’s Oceanfront Magic. From Your Lanai, The Horizon Opens To Whales In Season, Gliding Sailboats, And Stunning Sunsets Over Lanai And Molokai. I...

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Whaler 1165- Hotel Zone!! Magnificent 11th-floo...

NEW Photo of Listing #408977

$1,099,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 542 ft²

Residential

2481 Kaanapali Pkwy 1165, Kaanapali, HI

MLS® #408977

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

Whaler 1165- Hotel Zone!! Magnificent 11th-floor Studio With Exceptional Ocean Views Withy The Island Of Lanai In The Back Ground. This Unit Is Classified As A Premium Unit In The Aston Rental Program. This Beautifully Appointed Residence Features A Full Ki...

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Hotel-zoned Luxury Villa- Exceptional Vacation ...

NEW Photo of Listing #408978

$3,600,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 34.82 Acres
  • 2,047 ft²

Residential

130 Kai Malina Pkwy 2d, Kaanapali, HI

MLS® #408978

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-214-4492

Hotel-zoned Luxury Villa- Exceptional Vacation Rental. Welcome To Luana Garden Villas Residence 2d, A Spacious 3-bedroom, 3-bathroom Luxury Villa Located Within The Award-winning Honua Kai Resort & Spa On Maui's World-famous Kaanapali North Beach. Complete...

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Kaanapali Shores 618- Hotel Zone Property. Rare...

NEW Photo of Listing #408980

$399,000 Active Leasehold

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 806 ft²

Residential

3445 Lower Honoapiilani Rd 618, Kaanapali, HI

MLS® #408980

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

Kaanapali Shores 618- Hotel Zone Property. Rarely Available Larger “c” Floor Plan At Kaanapali Shores. This Spacious Residence Offers Ocean Views From Both The Living Room And Bedroom, Over 800 Square Feet Of Interior Living Space, And The Convenience Of A ...

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Views-views- Views From This 8th Floor Residenc...

Photo of Listing #408942

$648,000 Active Fee Simple

  • 1 Baths
  • 10 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd 834, Kaanapali, HI

MLS® #408942

Listed By: Compass
Office Contact: Cell: 808-757-8053

Views-views- Views From This 8th Floor Residence. This Updated Studio At Kaanapali Shores Is Hotel-zoned And Approved For Short-term Rentals! The Condo Offers Central A/c, A Full Kitchen, And A Private Covered Lanai. Enjoy Expansive Ocean Views With Sunsets...

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Mahana 1208 Is A Rare, Direct Oceanfront Pentho...

Photo of Listing #408860

$1,100,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 5.01 Acres
  • 820 ft²

Residential

110 Kaanapali Shores Pl 1208, Kaanapali, HI

MLS® #408860

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-385-1528

Mahana 1208 Is A Rare, Direct Oceanfront Penthouse Offering The Ultimate Maui Lifestyle. This 1-bedroom, 1-bath Condominium Enjoys A Premier Vantage Point For Breathtaking Year-round Sunsets, Winter Whale Watching, And Views Of Sea Turtles Playing In The Su...

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Discover The Ultimate Beachfront Lifestyle In T...

REDUCED 9% Photo of Listing #408803

$995,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,078 ft²

Residential

3445 Lower Honoapiilani Rd 361, Kaanapali, HI

MLS® #408803

Listed By: Real Broker
Office Contact: Cell: 808-205-2787

Discover The Ultimate Beachfront Lifestyle In This Rarely Available 2 Bed 2 Bath Oceanfront Condo At Kaanapali Shores. Located In One Of The Best Locations In The Complex, Unit 361 Has Significant Upgrades And All New Modern Furnishings, While Offering Unob...

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

Photo of Listing #408805

$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® #408805

Listed By: Real Broker
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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Mahana At Kaanapali Is A Prestigious Oceanfront...

Photo of Listing #408764

$995,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 5.01 Acres
  • 820 ft²

Residential

110 Kaanapali Shores Pl 518, Kaanapali, HI

MLS® #408764

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

Mahana At Kaanapali Is A Prestigious Oceanfront, Hotel-zoned Resort Ideally Positioned Along The World-famous Kaanapali Coastline On The Island Of Maui. Set Directly On The Water, The Property Offers Immediate Access To Miles Of Sandy Beach And The Scenic O...

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Mahana At Kaanapali Is A Premier Oceanfront, Ho...

Photo of Listing #408767

$1,195,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 5.01 Acres
  • 820 ft²

Residential

110 Kaanapali Shores Pl 907, Kaanapali, HI

MLS® #408767

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

Mahana At Kaanapali Is A Premier Oceanfront, Hotel-zoned Resort Located Directly On World-famous Kaanapali Beach. Set Along The Shoreline, The Property Offers Immediate Access To Sandy Beaches And The Scenic Oceanfront Walking Path Connecting To Whalers Vil...

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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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