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

143 Properties Found. Page 9 of 12

A Rare Opportunity Awaits With This Top-floor 1...

Photo of Listing #406224

$1,280,000 Active Fee Simple

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

Residential

45 Kai Ala Dr A615, Kaanapali, HI

MLS® #406224

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-280-4881

A Rare Opportunity Awaits With This Top-floor 1-bedroom, 1-bathroom Penthouse Residence In The Highly Sought-after Aloha Tower At Maui Kaanapali Villas Resort. Situated On The 6th Floor, This South-facing Unit Offers Commanding Panoramic Views Of The Pacifi...

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Discover Paradise In Honua Kai 719, A Breathtak...

REDUCED 4% Photo of Listing #406201

$1,348,000 Active Fee Simple

  • 1 Baths
  • 39.84 Acres
  • 595 ft²

Residential

130 Kai Malina Pkwy 719, Kaanapali, HI

MLS® #406201

Listed By: Maui Real Estate Advisors LLC
Office Contact: 808-875-4444

Discover Paradise In Honua Kai 719, A Breathtaking Studio Boasting Unparalleled Ocean And Outer-island Views From Its Prime Interior Location. Overlooking The Resort’s Sparkling Pools, Pristine Beach, And Vibrant Restaurant, This Unit Offers A Front-row Sea...

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Welcome To Your Dream Vacation Rental Condomini...

REDUCED 20% Photo of Listing #406154

$1,200,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,669 ft²

Residential

50 Nohea Kai Dr 2-1106, Kaanapali, HI

MLS® #406154

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948

Welcome To Your Dream Vacation Rental Condominium At Kaanapali Alii, Where Paradise Meets Luxury. This Exquisite Penthouse 2-bedroom, 2-bathroom Condo Offers The Perfect Blend Of Comfort, Convenience, And Breathtaking Mountain Views And Is A Leasehold Prope...

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A Rare Value At The Masters At Kaanapali. Unit ...

REDUCED 3% Photo of Listing #406148

$1,598,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,269 ft²

Residential

50 Puu Anoano St 4207, Kaanapali, HI

MLS® #406148

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-283-4922

A Rare Value At The Masters At Kaanapali. Unit 4207 Is The Lowest-priced Fully Remodeled 2-bedroom, 2-bath Residence, Complemented By One Of The Most Favorable Hoa Fee Structures For A Two-bedroom Two-bathroom Home. Discover Luxury And Convenience With This...

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Spectacular Ocean And Island Views Await You In...

Photo of Listing #406150

$1,493,000 Active Fee Simple

  • 2 Beds
  • 2½ Baths
  • 10 Acres
  • 1,545 ft²

Residential

150 Puukolii Rd 18, Kaanapali, HI

MLS® #406150

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000

Spectacular Ocean And Island Views Await You In This Stylish Town Home Located In Kaanapali Plantation. Unit 18 Is A Two-story End Unit With 2 Ocean-view Lanais, 2 Bedrooms, 2.5 Bathrooms, And A Separate Den/office, Spread Over 1545 Sf Of Space. Beautifully...

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Discover The Beauty, Peace, And Privacy Of Ka‘a...

Photo of Listing #406133

$1,349,500 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10 Acres
  • 1,152 ft²

Residential

150 Puukolii Rd 36, Kaanapali, HI

MLS® #406133

Listed By: Berkshire Hathaway Maui Prop-L

Discover The Beauty, Peace, And Privacy Of Ka‘anapali Plantation #36, A Rarely Available Single-level 2-bedroom, 2-bath End Unit That Feels More Like A Private Retreat Than A Condo. With No Neighbors On Three Sides And No One Above, This Residence Offers A ...

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Unit L-202 At The Maui Eldorado Is A Bright And...

REDUCED 14% Photo of Listing #406126

$599,000 Active Leasehold

  • 1 Beds
  • 2 Baths
  • 10.2 Acres
  • 960 ft²

Residential

2661 Kekaa Dr L-202, Kaanapali, HI

MLS® #406126

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948

Unit L-202 At The Maui Eldorado Is A Bright And Spacious Fully Tiled Second Floor Location With A View Of The Ocean And The Island Of Molokai In The Distance. Enjoy Shady Mornings On The Fully Covered 28 Foot Wide Lanai. Lots Of Storage With Two Owners Clo...

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If The "best Of The Best" Is What You're Lookin...

Photo of Listing #406123

$5,400,000 Active Fee Simple

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

Residential

130 Kai Malina Pkwy Nr202, Kaanapali, HI

MLS® #406123

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

If The "best Of The Best" Is What You're Looking For, Look No Further! Very Rare Three-bedroom Ocean Front Home Is Now Available For Sale. This Is The First Offering Of An Oceanfront Home At Honua Kai In Almost Three Years! Endless Views Of The Ocean, R...

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The Mahana Resort Is Generally Considered As On...

Photo of Listing #406068

$839,000 Active Fee Simple

  • 1 Baths
  • 5.01 Acres
  • 456 ft²

Residential

110 Kaanapali Shores Pl 513, Kaanapali, HI

MLS® #406068

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-2420

The Mahana Resort Is Generally Considered As One Of The Premium Vacation Rental Complexes In Upper West Maui, And When You View The Complex And The Unit, Hopefully You Will Understand Why. The Mahana Consists Of Two 12 Floor Buildings With Slightly Over 200...

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Level Entry Main Floor (zero Stairs), Unmatched...

Photo of Listing #406031

$1,415,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,570 ft²

Residential

2560 Kekaa Dr C202, Kaanapali, HI

MLS® #406031

Listed By: Maui Paradise Properties LLC
Office Contact: 808-661-1535

Level Entry Main Floor (zero Stairs), Unmatched Golf Course View Of Maui's Renound Hole #16 On Kaanapali Royal Gc. Extra Spacious, Very Private En Suite 2 Bed 2 Bath Condominium Home With Extra Storage Space In And Outside. Outdoor Lanai Includes Electric S...

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Welcome To Unit A418 In The Aloha Tower At The ...

Photo of Listing #405988

$745,000 Active Fee Simple

  • 1 Baths
  • 11.46 Acres
  • 544 ft²

Residential

45 Kai Ala Dr A418, Kaanapali, HI

MLS® #405988

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-280-4881

Welcome To Unit A418 In The Aloha Tower At The Highly Sought-after Maui Kaanapali Villas Resort, Where Classic Island Charm Meets Modern Convenience In One Of West Maui’s Most Beloved Beachfront Communities. Ocean View Studio | Turnkey | Rare In-unit Washer...

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A Spectacular Opportunity To Own A Penthouse Co...

REDUCED 16% Photo of Listing #405966

$1,600,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,650 ft²

Residential

50 Nohea Kai Dr 2-1105, Kaanapali, HI

MLS® #405966

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948

A Spectacular Opportunity To Own A Penthouse Corner Ocean View 2 Bedroom 2 Bathroom Unit At The Kaanapali Alii Overlooking The World Famous Kaanapali Beach. Imagine Waking Up To The Gentle Sounds Of Waves Crashing On The Shore, Stepping On To Your Private ...

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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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