Maui Real Estate & Lifestyle News

Maui's Resort Areas: a Nine Month Review of the Market

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 10 May 2024 17:47:00 -1000

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023. Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the hardest, with number of sales down -66 and dollar volume down 49. with uncertainty regarding the future of Short Term Rentals in the apartment zone, we are seeing more sales at hotel-zoned properties. Kaanapali has more hotel-zoned properties (like Honua Kai, Whaler, Alii, and Mahana) at lower prices than Kapalua, which has the Montage Residences, Kapalua Bay and the Ritz-Carlton, Kapalua, which command higher sales prices. However, while it appears that condo sales are up in Wailea & Makena, and subsequently, South Maui, they are actually down -19 if you remove the new developer sales. It's important to note that two developments began closing in 2022-2023 (Paradise Ridge in Kihei and Makena Golf & Beach Club). In 2023-204, we continued to see new sales recording at Makena Golf & Beach Club and at Lai Loa. In the last 9 months, there were 55 sales at Lai Loa and 13 at Makena GBC. This amounts to 60 of the Wailea/Makena condo sales. The low sales price was $1,519,250 and the high was $13,000,000. The total sales volume at these two complexes was $291,586,280 or 60 of the total dollar volume. It also impacts stats such as days on market, as they typically will go under contract pre-construction. That is why the average days on market for this period for all of Wailea/Makena is 620, but if the new development is removed, it is actually 95. It is also important to note where we are seeing the majority of the sales activity. In the last nine months, the bulk of the condo sales (96) in West Maui are under $3,000,000. In fact, 62 were under $1M, 29 from $1-2M, and 5 from $2-3M. In West Maui, there was only one sale over $5M, a Montage Residence at Kapalua Bay that closed at $12M In South Maui those stats are a bit different due to the new developments, with 88 under $3M and 12 from $3-13M. I expect we may see a slowing of sales in the condominium market in the next quarter, particularly in those areas not zoned hotel, on the heels of the Mayor's announcement of a bill to phase out short term rentals in apartment zones. This affects more than 7000 properties that currently rent legally under Chapter 19.12.020 of the County Code. Read More about the proposed legislation that is impacting Maui's Short Term Rentals Volume () of Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui 657 610 -7 West Maui 273 188 -31 South Maui 384 422 10 Maalaea 33 27 -18 Kihei 286 279 -2 Wailea Makena 65 116 78 Wailea (exclude new dev) 57 46 -19 Lahaina 56 2 -96 Kaanapali 62 59 -5 Napili/Kahana/Honokowai 126 117 -7 Kapalua 29 10 -66 Volume ($) Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $807,171,395 $964,984,382 20 West Maui $313,600,610 $214,749,408 -32 South Maui $493,570,785 $732,114,974 48 Maalaea $23,137,500 $20,138,580 -13 Kihei $245,201,236 $257,362,116 5 Wailea Makena $225,232,049 $454,614,278 102 Wailea (exclude new dev) $135,857,149 $163,027,998 20 Lahaina $59,165,500 $235,000 -100 Kaanapali $94,589,500 $96,732,250 2 Napili/Kahana/Honokowai $96,646,610 $85,785,158 -11 Kapalua $63,199,000 $31,997,000 -49 Median Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $852,500 $915,000 7 West Maui $885,000 $827,500 -6 South Maui $831,250 $959,500 15 Maalaea $709,000 $701,000 -1 Kihei $794,000 $800,000 1 Wailea Makena $2,050,000 $2,662,275 30 Wailea (exclude new dev) $1,795,000 $2,800,000 56 Lahaina $850,000 $117,500 -86 Kaanapali $1,346,250 $1,500,000 11 Napili/Kahana/Honokowai $755,000 $689,000 -9 Kapalua $1,675,000 $2,297,500 37 Low Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM * $160,000 $95,000 -41 West Maui * $160,000 $95,000 -41 South Maui *** $345,000 $239,000 49 Maalaea *** $390,000 $326,000 -16 Kihei ** $390,000 $239,000 -39 Wailea Makena $1,095,000 $999,999 -9 Wailea (exclude new dev) $1,095,000 $999,999 -9 Lahaina* $330,000 $95,000 -71 Kaanapali *** $380,000 $475,000 25 Napili/Kahana/Honokowai *** $160,000 $210,000 31 Kapalua $655,000 $750,000 15 High Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $13,000,000 $13,000,000 0 West Maui $6,250,000 $12,000,000 92 South Maui $13,000,000 $13,000,000 0 Maalaea $1,225,000 $1,350,000 10 Kihei $2,400,000 $2,400,000 0 Wailea Makena $13,000,000 $13,000,000 0 Wailea (exclude new dev) $11,575,000 $11,750,000 2 Lahaina $4,875,000 $140,000 -97 Kaanapali $5,525,000 $4,625,000 -16 Napili/Kahana/Honokowai $2,300,000 $1,950,000 -15 Kapalua $6,250,000 $12,000,000 92 Avg Days on Market Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 121 187 55 West Maui 94 97 3 South Maui 141 227 61 Maalaea 66 64 -3 Kihei 145 79 -46 Wailea Makena 161 620 285 Wailea (exclude new dev) 96 95 -1 Lahaina 73 85 16 Kaanapali 62 102 65 Napili/Kahana/Honokowai 88 92 5 Kapalua 140 127 -9 Condo Sales by Price Range of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 159 116 -27 $1,000,001-2,000,000 88 55 -38 $2,000,001-3,000,000 17 10 -41 $3,000,001-4,000,000 2 3 50 $4,000,001-5,000,000 4 3 -25 $5,000,001-6,000,000 2 0 -100 $6,000,001-7,000,000 1 0 -100 $7,000,001-8,000,000 0 0 -- $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 0 0 -- $10,000,001+ 0 1 100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 254 229 -10 $1,000,001-2,000,000 90 103 14 $2,000,001-3,000,000 22 40 82 $3,000,001-4,000,000 2 22 1000 $4,000,001-5,000,000 5 5 0 $5,000,001-6,000,000 1 2 100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 0 3 300 $8,000,001-9,000,000 0 1 100 $9,000,001-10,000,000 1 5 400 $10,000,001+ 8 9 13 West and South Maui: Home Sales In West Maui, 73 of the home sales were under $3M, with the largest percentage in the $1-2M range. In South Maui, the figure was higher for homes under $3M at 84. That said in West Maui, there were only 3 sales over $5M and in South Maui, there were 9 sales over $5M. It is not surprising to see sales in the lower end of the market, as some of those who received insurance payouts opted to relocate. Lower priced inventory was harder to come by and home sales ( of Sales) was down everywhere except Wailea and Makena, where sales were up 11. In terms of Volume of sales ($) both Wailea and Makena were up, as was Napili/Kahana/Honokowai, which has more affordable housing than the resort areas of Kaanapali and Kapalua. It should be noted that Lahaina also includes the areas of Launiupoko and Olowalu. The sales in Lahaina these last nine months, were largely in Launiupoko (15), though there were 2 sales up in Kelawea which were out of the burn zone. Volume () of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 196 163 -17 West Maui 79 55 -30 South Maui 117 108 -8 Maalaea 0 1 100 Kihei & Maui Meadows 86 87 1 Wailea Makena 18 20 11 Launiupoko 14 13 -7 Lahaina 38 17 -55 Kaanapali 11 11 0 Napili/Kahana/Honokowai 23 23 0 Kapalua 6 4 -33 Volume ($) of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $514,413,413 $389,186,422 -24 West Maui $229,264,222 $141,335,466 -38 South Maui $285,149,191 $247,850,956 -13 Maalaea $0 $2,933,006 -- Kihei & Maui Meadows $110,807,700 $135,060,000 22 Wailea Makena $142,618,491 $109,857,950 -23 Launiupoko $69,803,758 $42,314,500 -39 Lahaina $106,818,723 $47,880,250 -55 Kaanapali $50,390,000 $36,555,000 -27 Napili/Kahana/Honokowai $33,130,499 $37,300,216 13 Kapalua $36,825,000 $19,600,000 -47 Median Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $1,410,000 $1,695,000 20 West Maui $1,800,000 $2,000,000 11 South Maui $1,250,000 $1,482,500 19 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,095,000 $1,375,000 26 Wailea Makena $4,781,000 $3,745,000 -22 Launiupoko $3,950,000 $3,087,000 -22 Lahaina $1,665,000 $2,995,000 80 Kaanapali $2,850,000 $2,700,000 -5 Napili/Kahana/Honokowai $1,529,000 $1,690,000 11 Kapalua $5,787,500 $5,000,000 -14 Average Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $2,624,598 $2,387,646 -9 West Maui $2,902,078 $2,569,735 -11 South Maui $2,437,172 $2,294,916 -6 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,288,461 $1,552,413 20 Wailea Makena $7,923,249 $5,492,897 -31 Launiupoko $4,985,982 $3,254,961 -35 Lahaina $2,811,019 $2,816,485 0 Kaanapali $4,580,909 $3,323,181 -27 Napili/Kahana/Honokowai $1,440,456 $1,621,748 13 Kapalua $6,137,500 $4,900,000 -20 Low Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $450,000 $693,500 54 West Maui $450,000 $750,000 67 South Maui $450,000 $693,500 54 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $450,000 $693,500 54 Wailea Makena $2,200,000 $1,930,000 -12 Launiupoko $1,680,000 $1,600,000 -5 Lahaina $450,000 $855,750 90 Kaanapali $1,900,000 $1,860,000 -2 Napili/Kahana/Honokowai $700,000 $750,000 7 Kapalua $4,150,000 $3,150,000 -24 High Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $32,673,491 $18,500,000 -43 West Maui $20,750,000 $6,450,000 -69 South Maui $32,673,491 $18,500,000 -43 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $10,000,000 $4,000,000 -60 Wailea Makena $32,673,491 $18,500,000 -43 Launiupoko $9,750,000 $5,000,000 -49 Lahaina $9,750,000 $5,000,000 -49 Kaanapali $20,750,000 $5,350,000 -74 Napili/Kahana/Honokowai $2,450,000 $2,150,000 -12 Kapalua $7,900,000 $6,450,000 -18 Average Days on Market: Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 119 110 -8 West Maui 126 132 5 South Maui 115 99 -14 Maalaea NA 0 -- Kihei & Maui Meadows 117 92 -21 Wailea Makena 119 134 13 Launiupoko 154 175 14 Lahaina 127 163 28 Kaanapali 170 155 -9 Napili/Kahana/Honokowai 91 84 -8 Kapalua 159 216 36 Homes of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 12 4 -67 $1,000,001-2,000,000 35 24 -31 $2,000,001-3,000,000 9 12 33 $3,000,001-4,000,000 8 6 -25 $4,000,001-5,000,000 1 6 500 $5,000,001-6,000,000 5 2 -60 $6,000,001-7,000,000 1 1 0 $7,000,001-8,000,000 3 0 -100 $8,000,001-9,000,000 3 0 -100 $9,000,001-10,000,000 1 0 -100 $10,000,001+ 1 0 -100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 32 16 -50 $1,000,001-2,000,000 56 56 0 $2,000,001-3,000,000 12 21 75 $3,000,001-4,000,000 6 6 0 $4,000,001-5,000,000 1 3 200 $5,000,001-6,000,000 3 0 -100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 1 0 -100 $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 1 3 200 $10,000,001+ 4 3 -25 Note: This information is taken from the Maui MLS as of 5/10/24. While care is taken to compile this information, it is not guaranteed and subject to change and some information may be entered at a later date. Any interested party should do their own due diligence. These are small statistical samples and can swing wildly by a low or high sale. If you have questions, please contact Courtney.

Introducing Sands of Kahana 456: Rare 3 Bedroom Offering on the Ocean in Kahana

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 21 Jan 2021 15:35:00 -1000

Introducing Sands of Kahana: Residence 456 Enjoy dining al fresco from this oceanview lanai. Watch the whales and Maui's maginficent sunsets Residences at the Sands of Kahana rarely come up for sale. Known for their spacious size and stunning views, this is a popular location for second homeowners and vacationers alike. Nestled along the beach in Kahana, the Sands of Kahana resort is Why we love it... In addition to the generous floor plans and spacious lanais, the Sands of Kahana is designed for all ages, with many onsite amenities: restaurant 24-hour front desk pool kids water playground two hot tubs recreation area fitness room putting green lit tennis & basketball courts elevator access storage The Sands of Kahana Residence 456 The owners of this three bedroom Sands of Kahana residence have thoughtfully renovated, creating open spaces and enhancing accessibility. Barn doors have been utilized to allow for wider doorways, while lending a modern farmhouse aesthetic. The large living room is beautifully furnished with a boho-chic vibe, overlooking the beach and the blue waters of the Pacific. The kitchen features Sapele mahogany cabinets, with a clever design feature creating additional storage under the bar area. The large dining area seats eight comfortably. The owner's bedroom suite enjoys an ocean view and a spa-like bathroom, complete with a soaking tub and walk-in shower. An oversized guest suite has two queen beds and a stunning view of Mauna Kahalawai. The guest bathroom features a curbless walk-in shower and grab bars for increased accessibility. This charming residence is offered furnished, ideal for Buyers wishing to begin using it immediately or operating vacation rentals. Take a Virtual Walkthrough of Sands of Kahana For more information on this property, contact Courtney Brown

Spotlight on Kahana Sunset

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Wed, 09 Sep 2020 13:34:00 -1000

Spotlight on Kahana Sunset By Heidi Dollinger, R(B) On a pristine sandy beach cove on Keonenui Bay, Kahana Sunset is one of West Maui’s best kept secrets. This property attracts owners and guests looking for a smaller resort experience. On 4.5 oceanfront acres, there are 80 units total, both one and two-bedroom floor plans. The property has been a favorite spot for returning vacation guests who book Kahana Sunset year after year. Split A/C systems are permitted, and many units have been upgraded with air-conditioning. Some units have covered parking, and there are both single level and townhouse style floor plans. Kahana Sunset Amenities and Features: Heated Pool Kids wading pool Oceanfront BBQ’s Extra Storage Community herb garden Direct beach access Onsite management Keone Nui Community Room Vacation-rentals permitted What we love: Flowering plumeria trees and the lovely tropical grounds and private lawn are a special feature of this property. Sea turtles can often be seen on in the bay, or resting on the beach. Kahana Sunset Market Summary Kahana Sunset Condos for Sale Active listings at the time of writing range from $490,000 to $1,099,000. Kahana Sunset B2B, courtesy of Heidi Dollinger, R(B) Newly listed Kahana Sunset B2B, offered at $595,000, has 700 interior square feet of space plus private outdoor space. B2B is one of the more premium locations within the development – there is an ocean view from the large lanai, and close access to the beach and pool. With 700 interior square feet, B2B features many recent upgrades including a walk-in shower, new slab granite countertops, and new flooring. The HOA fees for B2B are $1,002.47 per month and include the maintenance and reserves, and all utilities except for electric. The unit has been managed by iTrip Maui. Rental history is available upon request. Kahana Sunset is not part of the Kahana Bay area and is not part of the Kahana beach restoration project. Kahana Sunset Recent Sales MLS Unit Sold Price Closing Date Beds Baths Liv A SF View 383525 D2D $490,000 11/13/19 1 1 700 Ocean 384560 B5 $720,000 12/10/19 2 2 952 Mountain/Ocean 384656 B11 $700,000 12/16/19 2 2 952 Ocean 383682 E4E $450,000 12/30/19 1 1 700 Garden View 385087 B5B $590,000 12/31/19 1 1 700 Ocean 384561 C2C $555,000 1/17/20 1 1 700 Ocean 385775 B8 $740,000 3/16/20 2 2.5 1,106 Ocean For more information, contact Heidi E. Dollinger, R(B) View Kahana Sunset Condos for Sale

Royal Kahana Market Update: March 2020

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 06 Mar 2020 12:57:00 -1000

Royal Kahana Market Update, March 3, 2020 By Heidi Dollinger, R(S) The Beach at the Royal Kahana ROYAL KAHANA ACTIVE LISTINGS Current Listings 6 Low List Price $370,000 High List Price $747,000 Average List Price $476,500 Average List Price/Sq. Ft. $694 Average Days on Market $185 PENDING SALES 0 ROYAL KAHANA SALES (Jan - Mar 1, 2020) Sales 3 Volume $3,058,999 Low Sales Price $340,000 High Sales Price $999,999 Average Sales Price $611,799 Average Price/Sq. Ft. $694 Average Days on Market 370 With just a little over 2 months of inventory available at the time of writing, the Royal Kahana is a property to consider for buyers who are looking for a good value for an oceanfront location in West Maui. About the Royal Kahana: The Royal Kahana is a twelve-story building with 236 units total, consisting of studios, 1-bedroom, and 2-bedroom floor plans. The property is hotel zoned, and allows the option for short-term vacation rentals or Airbnb. The onsite vacation rental management program at Royal Kahana is run by Outrigger. Outrigger manages the nightly rentals for owners who choose to be a part of this management program. Amenities: All of the units are fully air-conditioned with central A/C, and the electric is included in the monthly HOA amount so there are no unexpected bills. Garage parking is available and owners can get a reserved space. Additional amenities include a newly renovated oceanfront pool, gas BBQ grills, a gym/fitness center, an onsite concierge, front desk, and extra storage. Pets Welcome: The Royal Kahana is pet-friendly – the house rules allow for owners to have cats and dogs. In addition to allowing vacation rentals, the Royal Kahana is a wonderful place to call home for full-time residents. It is ideal for those who are seeking convenience, amenities, and proximity to the beach. Located at 4365 Lower Honoapiilani Road, Lahaina, HI. The Royal Kahana is close to Miso Phat Sushi, Dollies Pub and Cafe, Maui Brewing Company, nail salons, banks, and Hawaiian Village Coffee, and is located just about 5 miles north of Lahaina town, and just south of Kapalua and its championship golf courses, fine dining, and award-winning spas. View a Map of the Royal Kahana FEATURED LISTINGS AT THE ROYAL KAHANA Royal Kahana 701 Royal Kahana 1018 ROYAL KAHANA 701Royal Kahana 701 is a 2-bedroom 2-bath gracious end unit with ocean and mountain views and lots of natural light. Enter through double doors to a beautifully remodeled open kitchen, dining room, living room, and private lanai. Offered at $747,000, the new owner will benefit from many quality upgrades and custom details including new lighting, crown molding, and new window treatments. 701 is offered fully furnished with the exclusion of some artwork and staging items. One of the sofas in the living room is a sleeper sofa, so the condo would comfortably sleep six people. There is room for entertaining guests at a large dining table. Royal Kahana 701 was recently selected to be filmed for an upcoming appearance on a popular TV show. ROYAL KAHANA 1018Also newly listed, at only $379,000, Royal Kahana 1018 is an ocean view studio on the 10th floor, and is a high-performing vacation rental with a strong rental history. In 2019, Unit 1018 grossed $42,629 in rental income. In the month of January 2020, this unit grossed $5,498 in rental income. Royal Kahana 1018 features tile and wood laminate flooring, a remodeled bathroom, an in-unit washer and dryer, granite countertops, and is tastefully furnished. Royal Kahana 1018 is one of the most attractively priced fee simple turn-key vacation rental properties in all of West Maui. For more information, click to contact Heidi Dollinger, R(S)

Maui Oceanfront Market Update: January 2020

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 27 Jan 2020 12:57:00 -1000

MAUI OCEANFRONT HOMESMarket Update, January 2020 View Goals 1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front streetView More Information Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui. As you will see below, the home prices and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore. There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home. Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017. Comparing 2019 with 2018, it's noteworthy that the number of sales is down 30 and the sales volume down 57. Please note the 2019 statistics no longer include 6 sales in the Makena Resort by Discovery Land Co. that were reclassified in our MLS from Beachfront to Across the Street from the Ocean on 12/13/2019. This removed $60,162,136 million from the oceanfront home sales statistics that were previously posted in the blog post on 11/30/2019. That inventory had increased the average Days on Markets stat as escrow could only close when construction was complete. In addition, the average Sales Price and SP/Sq. Ft. dropped. It is also worth noting that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market. This can mean great opportunities for buyers of oceanfront properties as the inventory has built considerably, with approximately 3 years worth of inventory. We are already starting to see more pending escrows with 8 homes pending now vs. 4 in 11/2019. It is interesting to note that all but one of the pending sales is under $5,000,000, with a high sale pending at $10,880,000. Maui Oceanfront Home Sales: Key Metrics2014 to Present Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP 2014 21 $90,443,000 $4,306,810 $1504 287 91 2015 13 | -62 $55,075,000 |-64 $4,235,538 | -2 $1793 | 16 214 | -34 93 2016 22 | 41 $139,062,000 | 60 $6,321,000 | 33 $2878 | 38 219 | 2 84 2017 25 | 12 $146,765,387 | 5 $5,870,615 | -8 $1533 | -88 274 | 20 92 2018 23 | -9 $148,197,545 | 1 $6,443,372 | 9 $1759 | 13 222 | -23 91 2019 16 | -30 $64,454,049 | -57 $4,028,378 | -37 $1288 | -27 285 | 28 88 Maui Oceanfront Homes: Market Snapshot by AreaActive Listings, Pending Sales and YTD Sales Oceanfront Homes All Maui West Maui South Maui North Shore East Maui Central Maui Active Listings 48 15 14 12 6 1 Low List Price $750,000 $2,200,000 $3,298,000 $999,000 $750,000 $1,900,000 Average List Price $8,140,937 $10,882,000 $11,259,571 $4,390,833 $2,551,833 $1,900,000 High List Price $37,500,000 $37,500,000 $27,498,000 $12,000,000 $6,500,000 $1,900,000 Average LP/Sq. Ft. $2408 $2889 $3,469 $1178 NA NA Pending Sales 8 3 1 4 0 0 Average List Price $3,671,237 $5,558,333 $3,350,000 $2,336,225 0 0 Supply of Inventory* 36 months 45 months 42 months 48 months NA NA 2020 YTD Sales 0 NA NA NA NA NA There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline. The highest-priced listing on the island is located in the Kapalua Resort: 9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres. It is currently offered at $37,500,000, reduced from $49,000,000. The highest asking price in South Maui is $27,498,000. These compare with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena. 7150 Makena Road is a 4B/5.5B home on 1.69 acres. To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) . It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics. Additional properties have changed hands privately and are not entered in MLS. For more information on all areas of Maui read: Maui Real Estate Statistics. View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean This information is provided by the Realtor's Association of Maui. It is believed accurate, but subject to change. Readers are advised to do their own due diligence.

Villas at Kahana Ridge: 10 Heather Lane 213

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Wed, 17 Jan 2018 18:26:00 -1000

THE VILLAS AT KAHANA RIDGE: 10 Heather Lane 213, Kahana Price Reduced Featured Listing Video: 10 Heather Lane, Villas at Kahana Ridge 213 now offered at $478,000 Since it's development in 2005, the Villas at Kahana Ridge has become a popular choice for many full-time residents living and working in West Maui, as well as part-time residents. Located just seven miles from Lahaina, between the Kapalua and Kaanapali Resorts, this quiet residential community is across the street from Kahana Gateway shopping center, close to restaurants, the Kapalua airport, and the beaches of Kahana. A mix of two and three bedroom condominium floor plans, there are 117 residences in 8 buildings on 5 acres. Villas at Kahana Ridge 213 is a ground floor, single-level condominium residence, with minimal steps to the entry. One of the largest two bedroom floor plans, the spacious residence has been upgraded with tile and new wood flooring, fresh paint, and a new washer/dryer. The oversized master bedroom suite allows for a sitting area or office. The private location is away from the busy roads and traffic noise, and the lanai looks toward a grove of banana trees. The Villa comes with two designated parking spaces. Per the house rules, a cat or dog up to 20 lbs. is permitted upon AOAO approval. Watch the video Villas at Kahana Ridge Historical Market Overview Current Listings 5 (4) Low LP $395,888 High LP $510,000 Average LP $478,555 Average LP/Sq. Ft. $530 Average DOM 66 Villas at Kahana Ridge Sales: Villas at Kahana Ridge 2016 2017 Change Sales 7 10 +43 Low SP $369,000 $339,900 -8 High SP $450,000 $500,000 +11 Average SP $409,785 $414,889 +1 Average SP/Sq. Ft $442 $475 +7 Average DOM 208 108 -48 Historical Average Sales Price: 2005-2017 View Current Villas at Kahana Ridge for Sale This listing is offered courtesy of Heidi Dollinger, R(S), Island Sotheby's International Realty