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        <title>Maui Real Estate &amp; Lifestyle News</title>
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        <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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        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW</title>
    <description> <![CDATA[ 
KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW


The view from Kapalua Bay Villa 23B3, an oceanfront residence, currently listed for sale


Kapalua Condominiums:  A five year sales history


The Kapalua Resort 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. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


2024


2023


2022


2021


2020


2019




Number of Sales


25


22


62


145


40


61




Volume


$64,408,000


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$990,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$12,000,000


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$1,350,000


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,576,320


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,461


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


136


182


96


177


165


213




Average SP/LP


94


97


99


97


94


96




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale


 






Over the last five years, Maui's real estate market has seen some dramatic swings:  in 2019, the resort market was a seasonal market, with the peak activity occurring in winter/spring, when visitors are here on island.  With travel restrictions in effect from March to October of 2020, there is a dip in activity.  Once travel restrictions were lifted, the Kapalua Resort market saw a striking increase in condominium sales in 2021.  As interest rates rose, and available properties decreased, we saw fewer sales in 2022.  


Sales were slower in the Kapalua Resort in 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  Of the 22 condo sales that occurred in the resort in 2023, only 3 took place between 8/9 and 12/31. 


In 2024, the resort market is slowly coming back, however, not to 2019 levels.  This may be in part due to many factors: travel is below Pre-Covid numbers statewide, election years tend to be slow in general, rising insurance costs have resulted in increases in monthly association dues, and the Mayor's proposed ban on short term rentals in the apartment districts.  This legislation would affect the Golf, Ridge and Bay Villas if it were to be passed. 


While 61 of the sales in the resort were one bedroom properties that averaged around the $1,100,000 mark, there were some notable exceptions including the sale at the Ridge Villas at $2,795,000 set a new a record high, the sale of a two-bedroom villa at the Bay Villas for $2,950,000 was the second highest in Bay Villa history, and a Montage Kapalua Bay four-bedroom residence closed at $12,000,000.


Key Stats by Community


How does the market in 2024 compare to prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


2024


2023


2022


2021


2020


2019




Sales


0


0


2


6


0


0




Volume


0


0


$10,990,000


29,000,000


0


0




Low SP


NA


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


NA


$2,240


1,883


NA


NA




Average DOM


NA


NA


67


154


NA


NA




Average SP/LP


NA


NA


93


97


NA


NA






With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity.  In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


2024


2023


2022


2021


2020


2019




Sales


2


0


4


5


4


1




Volume


$8,575,000


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


$3,350,000


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


$5,225,000


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


$4,287,500


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


$4,287,500


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


$1,913


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


184


NA


149


320


124


671




Average SP/LP


96


NA


95


92


88


93






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below. 


Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  Since 2020 37.5 of the residences at the Ironwoods have 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.  In 2023, there were no sales at the Ironwoods.  In 2024, there were two sales: one an impeccably renovated ground floor two-bedroom ocean view residence at $3,350,000 and the other an updated three-bedroom oceanfront residence at $5,225,000.


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale 






Kapalua Bay Villas


2024


2023


2022


2021


2020


2019




Sales


2


6


10


30


7


14




Volume


$4,450,000


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$1,500,000


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$2,950,000


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$2,225,000


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$2,225,000


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,710


$1,734


$1,496


$1,104


$876


$872




Average DOM


107


124


68


232


149


287




Average SP/LP


97


99


100


97


92


93






In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua.  It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences.  All six sales in 2023 were one-bedroom condominiums.  Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence.  In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price.  


In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complex's history, and the highest sale for a second row residence.  The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022.  The other sale was a one-bedroom ocean-view villa at $1,500,000.


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


2024


2023


2022


2021


2020


2019




Sales


10


6


21


44


9


9




Volume


$11,642,000


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


$990,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


$1,550,000


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


$1,125,000


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


$1,164,200


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


$1,157


$1,380


$1,205


$856


$749


$677




Average DOM


93


143


81


122


124


165




Average SP/LP


95


99


100


99


94


97






Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each.  The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022.


In 2024, the Golf Villas saw more sales than any other condominium community in Kapalua.  9 of the 10 sales were one bedroom villas that ranged from $990,000 to $1,350,000, with a median of $1,100,000.


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


2024


2023


2022


2021


2020


2019




Sales


6


4


11


28


8


6




Volume


$9,501,000


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000




Low SP


$1,000,000


$1,390,000


$1,250,000


$775,000


$650,000


$650,000




High SP


$2,795,000


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000




Median SP


$1,122,500


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000




Average SP


$1,583,500


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333




Average SP/Sq. Ft


$1,101


$1,315


$1,179


$813


$701


$653




Average DOM


108


78


65


165


222


263




Average SP/LP


91


99


100


97


96


98






The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas).  The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which was the highest sale recorded in MLS for a Ridge Villa until 2024.


In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000.  4 of the 6 sales were one bedroom villas which ranged from $1,000,000 to $1,125,000 and had a median price of $1,115,500.


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


2024


2023


2022


2021


2020


2019




Sales


4


4


10


27


9


21




Volume


$28,750,000


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000




Low SP


$4,200,000


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000




High SP


$12,000,000


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000




Median SP


$6,275,000


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000




Average SP


$7,187,500


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429




Average SP/Sq. Ft


$2,349


$2,074


$2,027


$1,742


$1,407


$1,556




Average DOM


197


513


151


152


170


173




Average SP/LP


95


97


97


98


99


97






In 2023, there were four sales at the Residences.  While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price. 


In 2024 there were four sales at the Montage Residences Kapalua Bay:4201 a 3B/3.5B Hotel Residence at $4,200,002604 a 3B/3.5B Grand Residence at $5,800,0005503 a 3B/3.5B + Den Grand Residence at $6,750,0002201 a 4B/4.5B Grand Residence at $12,000,000 


The four bedroom sale is below the record-high sale of $13,295,000 in 2021.  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.   


It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023.


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


2024


2023


2022


2021


2020


2019




Sales


1


2


4


5


3


1




Volume


$1,490,000


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


$1,490,000


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


$1,490,000


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


$1,490,000


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


$1,490,000


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


$1,709


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


454


255


161


448


216


203




Average SP/LP


90


88


102


97


88


92






In 2024, there was just one sale of a one bedroom residence at the Ritz-Carlton Residences. 


KAPALUA RESORT RESIDENTIAL MARKET UPDATE: Homes and Land Sales in 2024





94 Keoawa is a home for sale in Honolua Ridge listed at $10,800,000.  Photography by Archer Shoots.


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.






Homes


2024


2023


2022


2021


2020


2019




Number of Sales


7


11


14


29


17


18




Volume


$79,738,000


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


$3,150,000


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$26,450,000


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


$6,875,000


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


$11,391,143


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


$1,986


$1,241


$1,112


$982


$1,063


$715




Average DOM


190


165


193


227


151


270




Average SP/LP


93


93


97


94


91


92






In 2023, there were 11 home sales.  All but two were in Pineapple Hill and Pineapple Hill Estates. In 2024, the market saw four sales in Pineapple Hill &amp; Pineapple Hill Estates, one sale in Plantation Estates at a record $16,000,000, one at Kapalua Place at $17,000,000 and 9 Bay Drive at $26,450,000.


KAPALUA HOME SALES BY COMMUNITY: 2024 and a 5 Year Overview


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


2024


2023


2022


2021


2020


2019




Number of Sales


4


9


7


15


10


 15




Volume


$20,288,000


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


$3,150,000


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$6,875,000


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


$5,131,500


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


$5,072,000


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


$1,449


$1,219


$1,023


$768


$696


 $692




Average DOM


150


154


134


160


137


 262




Average SP/LP


94


94


96


95


95


94






Pineapple Hill remains one of Kapalua's most popular communities.  Comprised of two phases, Pineapple Hill and Pineapple Hill Estates, amenities in this gated community include a pool, tennis &amp; pickleball courts and an owner pavilion.  


Two sales occurred in phase one, Pineapple Hill, and two in the second phase, Pineapple Hill Estates, which was annexed in to Pineapple Hill in 2001.  Sales prices ranged from $3,150,000 for a 2361 sq. ft. three-bedroom residence on the Bay Course to $6,875,000 for a 4598 sq. ft. four-bedroom ocean view residence with an infinity pool.


PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


1


1


4


6


3


1




Volume


$16,000,000


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


$16,000,000


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


$16,000,000


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


$16,000,000


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


$16,000,000


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


$1,947


$1,266


$920


$933


$1,006


$972




Average DOM


213


42


306


258


70


215




Average SP/LP


90


97


96


93


92


81






 


HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


0


1


4


1


2




Volume


NA


NA


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


NA


95


276


40


352




Average SP/LP


NA


NA


97


94


91


89






 


MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


86


100


99


77


NA






 


KAPALUA PLACE &amp; OCEANFRONT HOMES






Oceanfront Homes


2024


2023


2022


2021


2020


2019




Number of Sales


2


0


0


3


2


0




Volume


$43,450,000


0


0


$34,800,000


$39,500,000


0




Low SP


$17,000,000


NA


NA


$8,700,000


$15,500,000


NA




High SP


$26,450,000


NA


NA


$15,000,000


$24,000,000


NA




Median SP


$21,725,000


NA


NA


$11,100,000


$19,750,000


NA




Average SP


$21,725,000


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


$3,079


NA


NA


$1,809


$3,975


NA




Average DOM


261


NA


NA


489


425


NA




Average SP/LP


93


NA


NA


93


79


NA






There is just one remaining oceanfront lot in Kapalua located at Kapalua Place (between the Bay Villas and the Ironwoods), which sold in 2024 for $8,750,000.  It will likely soon be developed.  With just eight oceanfront parcels that are part of the resort, it's not uncommon to see few sales.  


2024 saw two sales: 9 Bay Drive, which closed at $26,450,000 and 7 Kapalua Place, which closed at $17,000,000.


View Kapalua Place and Kapalua Oceanfront homes for sale


 


KAPALUA LAND SALES BY COMMUNITY: 2024 and a 5 Year Overview






Kapalua Resort Land


2024


2023


2022


2021


2020


2019




Number of Sales


4


4


20


58


8


2




Volume


$13,175,000


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$985,000


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$8,750,000


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,720,000


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$3,293,750


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$63


$33


$38


$17


$32


$23




Average DOM


56


279


202


178


284


60




Average SP/LP


97


87


96


95


89


100






In 2024, there were just four vacant land sales that were part of the resort:  a lot in Pineapple Hill, two in Mahana Estates and an oceanfront homesite at Kapalua Place that closed at $8,750,000. 


It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection.  It closed at $1,425,000.


Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


2024


2023


2022


2021


2020


2019




Number of Sales


1


1


5


2


1


0




Volume


$985,000


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


$985,000


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


$985,000


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


$985,000


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


$985,000


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


$87


$100


$101


$62


$87


NA




Average DOM


29


333


204


143


314


NA




Average SP/LP


100


100


100


100


90


NA






It is not surprising to see so few sales in Pineapple Hill.  There are very few vacant lots left, as the majority of the community has been built out.


Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


5


2


0




Volume


NA


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


NA


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


NA


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


NA


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


NA


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


NA


$17


$18


$15


$9


NA




Average DOM


NA


409


407


226


53


NA




Average SP/LP


NA


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


86


100


99


77


NA






Mahana Estates is Kapalua Resort's newest residential offering.  CC&amp;Rs allow for more contemporary design which makes it a popular choice.


Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


6


9


1


0




Volume


NA


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


NA


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


NA


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


NA


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


NA


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


NA


$7


$7


$7


$5


NA




Average DOM


NA


206


133


227


360


NA




Average SP/LP


NA


75


97


92


95


NA






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,


Kapalua Condos, Homes and Land for Sale





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.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


 


 
 ]]> </description>
    <pubDate>Tue, 11 Feb 2025 17:13:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-statistics-year-end-2024.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-statistics-year-end-2024.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Real Estate Statistics: Year End 2024</title>
    <description> <![CDATA[ 
Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 





The Year End MAUI Real Estate Statistics for 2024 report notes:


U.S. existing-home sales improved for the second consecutive month, rising 4.8 to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1 compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists had forecast existing-home sales would come in at an annual rate of 4.07 million units for the month.


New Listings increased 13.4 percent for Single Family homes but decreased 7.7 percent for Condominium homes. Pending Sales decreased 32.8 percent for Single Family homes and 24.4 percent for Condominium homes. Inventory increased 63.2 percent for Single Family homes and 105.3 percent for Condominium homes.


Median Sales Price increased 14.5 percent to $1,374,238 for Single Family homes and 1.2 percent to $860,000 for Condominium homes. Days on Market increased 34.4 percent for Single Family homes and 18.2 percent for Condominium homes. Months Supply of Inventory increased 67.6 percent for Single Family homes and 151.0 percent for Condominium homes.


Total housing inventory stood at 1.33 million units heading into December, a 2.9 decrease from the previous month but a 17.7 increase year-over-year, for a 3.8-month supply at the current sales pace. Inventory remains below the 5 – 6 months’ supply of a balanced market, and the limited number of homes for sale continues to put upward pressure on sales prices nationwide, with NAR reporting a median existing-home price of $406,100, a 4.7 increase from one year earlier.


MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES*


Active Listings: 367 homes from $489,900 in Keanae to $75,000,000 for Hana Ranch, followed by $33,900,000 for a home for sale in Makena.  Pending: 93 homes from $630,000 for a home in Wailuku to $9,975,000 for a home in Kula.Sold (2024): 704 homes from $405,000 in Haiku to $38,500,000 for a home in Maluhia.  The median sale price is $1,341,000 and the average is $1,880,153.


MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES 


Active Listings:  655 condos listed from $193,000 for a condo in Kahului to $17,500,000 for a condominium residence at Wailea PointPending: 64 condos pending, ranging from $305,000 for a condo in Wailuku to $13,900,000 condo at Wailea Point.Sold (2024): 824 condos sold, ranging from $95,000 to $22,000,000 for a condo at Discovery's Makena Golf and Beach Club.


This continued increase in listing inventory and leveling off in pending sales is likely attributable to the proposed changes to Maui County's Short Term Rental rules and regulations.  


MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES 


Active Listings: 131 parcels from $325,000 in Kahului to $12,500,000 for a home site at Maluaka in MakenaPending: 24 lots from $449,000 in Kula to $11,750,000 located at Kai Ala Place, the only beachfront residential properties in Kaanapali.Sold (2024): 150 parcels which sold anywhere from $175,000 in Haiku to two parcels each selling at $11,700,000 as part of Discovery's Makena Golf and Beach Club.


*Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County.  This data is taken from the MLS on the date of this post, 1/17/25


Read the full report and see how it compares to prior years here: Maui Real Estate Statistics


 


 
 ]]> </description>
    <pubDate>Fri, 17 Jan 2025 12:46:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/market-spotlight-kapalua-bay-villas.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-kapalua-bay-villas.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Kapalua Bay Villas</title>
    <description> <![CDATA[ 
Introducing Kapalua Bay Villa 37B2-4, Kapalua Resort, Maui





Where are the Kapalua Bay Villas located?


Situated along the dramatic West Maui coastline, you'll find the Kapalua Bay Villas.


The Kapalua Bay Villas has long been one of the Kapalua Resort’s favorite condominium communities. Consisting of 141 residences in 27 buildings, the Bay Villas are situated on 16.5 oceanfront acres in the heart of the Kapalua Resort.


Built in 1977, the floorplans include spacious single-level living as well as townhouse-style one and two bedroom residences. The oceanfront and ocean view villas overlook the Pacific ocean and the Kapalua coastline, with direct beach access to Oneloa Bay.  Amenities in this gated community include 3 swimming pools and two tennis courts.


How is the market at the Kapalua Bay Villas?


At the time of this post, there are five active listings ranging from $1,399,000 to $3,400,000There have been two sales Year to Date: 15G1-3, a 2B/3B residence that recorded at $2,950,00014G2, a 1B/1B residence that recorded at $1,500,000


Below is a chart of sales information for condos at the Kapalua Bay Villas from 2019 thru Q1 2024.






Kapalua Bay Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


1


6


10


30


7


14




Volume


$2,950,000


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$2,950,000


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$2,950,000


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$2,950,000


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$2,950,000


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,929


$1,734


$1,496


$1,104


$876


$872




Average DOM


84


124


68


232


149


287




Average SP/LP


99


99


100


97


92


93






 


Featured Residence:  Kapalua Bay Villa 37B2-4


Nestled along the Kapalua coast, this single level two bedroom enjoys an ideal location at the Bay Villas.


As you step into this beautifully designed residence, you are greeted by breathtaking views of the Pacific Ocean and open greenspace. The spacious open floor plan seamlessly blends indoor and outdoor living, with expansive sliding glass doors that lead to three private lanais, perfect for enjoying spectacular sunsets and gentle ocean breezes.


The interior boasts beautiful finishes, custom cabinetry and countertops, stainless steel appliances, and updated flooring.


The spacious primary suite offers a peaceful sanctuary with a private lanai, spa-like en-suite bathroom, complete with a soaking tub and walk-in shower.


The Bay Villas offers access to onsite pools, tennis courts, and direct beach access to Oneloa Bay. In the Kapalua Resort, there are world-class amenities, including championship golf courses, tennis courts, incredible restaurants, and the nearby Spa Montage.





A bright and airy residence, this is a rare offering of a single story two bedroom residence located on the second floor of the villas.  Having no stairs to access or in the villa, it is a desirable floor plan for many, and only six of these floor plans were constructed at the Bay Villas.





This residence features an updated kitchen, with a view out toward the ocean and looking over Hawea Point.   Stainless steel appliances create a more contemporary feel.





The dining room and large lanai provide ample space for entertaining, all while taking in Maui's beautiful sunsets.  Oriented to the South West, this residence is sheltered from the prevailing tradewinds. 





The bedroom suites are on each side of the lanai.  Both feature updated bathrooms, as well as private lanais.


 For more information, please contact Courtney with any questions about this listing or the KapaluaResort real estate market.


 


Kapalua Bay Villas Condos for Sale



 ]]> </description>
    <pubDate>Thu, 30 May 2024 16:40:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-q1-2024.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-q1-2024.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update Q1 2024</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Q1 2024





The view from Ironwoods 62, a highly upgraded ocean view residence, currently listed for sale


Kapalua Condominiums:  Q1 2024 and a historical summary of sales


The Kapalua Resort 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. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


Q 1 2024


2023


2022


2021


2020


2019




Number of Sales


2


22


62


145


40


61




Volume


$5,745,000


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$2,795,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$2,950,000


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$2,872,500


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,872,500


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,700


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


80


182


96


177


165


213




Average SP/LP


98


97


99


97


94


96




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale


 











Sales were slower in the Kapalua Resort in the latter half of 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  Historically, the resort is largely a second home market and market activity tends to be greatest in the peak travel seasons of winter/spring.


In 2024, sales continued to be slow, with just two recording in the first quarter.  That said, the sale at the Ridge Villas set a new a record high, and the sale at the Bay Villas was the second highest in Bay Villa history.


Key Stats by Community


How does the market in Q1 2024 compare to prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


Q1 2024


2023


2022


2021


2020


2019




Sales


0


0


2


6


0


0




Volume


0


0


$10,990,000


29,000,000


0


0




Low SP


NA


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


NA


$2,240


1,883


NA


NA




Average DOM


NA


NA


67


154


NA


NA




Average SP/LP


NA


NA


93


97


NA


NA











With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity.  In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


Q1 2024


2023


2022


2021


2020


2019




Sales


0


0


4


5


4


1




Volume


0


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


NA


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


NA


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


NA


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


NA


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


NA


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


NA


NA


149


320


124


671




Average SP/LP


NA


NA


95


92


88


93






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.







Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  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.


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale 






Kapalua Bay Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


1


6


10


30


7


14




Volume


$2,950,000


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$2,950,000


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$2,950,000


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$2,950,000


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$2,950,000


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,929


$1,734


$1,496


$1,104


$876


$872




Average DOM


84


124


68


232


149


287




Average SP/LP


99


99


100


97


92


93











In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua.  It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences.  All six sales in 2023 were one-bedroom condominiums.  Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence.  In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price.  


In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complexes history, and the highest sale for a second row residence.  The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022.


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


0


6


21


44


9


9




Volume


NA


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


NA


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


NA


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


NA


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


NA


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


NA


$1,380


$1,205


$856


$749


$677




Average DOM


NA


143


81


122


124


165




Average SP/LP


NA


99


100


99


94


97











Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each.  The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022.


There have been no Golf Villa sales to date in 2024.


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


1


4


11


28


8


6




Volume


$2,795,000


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000




Low SP


$2,795,000


$1,390,000


$1,250,000


$775,000


$650,000


$650,000




High SP


$2,795,000


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000




Median SP


$2,795,000


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000




Average SP


$2,795,000


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333




Average SP/Sq. Ft


$1,471


$1,315


$1,179


$813


$701


$653




Average DOM


76


78


65


165


222


263




Average SP/LP


97


99


100


97


96


98











The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas).  The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which was the highest sale recorded in MLS for a Ridge Villa until 2024.


In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000.


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


Q 1 2024


2023


2022


2021


2020


2019




Sales


0


4


10


27


9


21




Volume


NA


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000




Low SP


NA


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000




High SP


NA


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000




Median SP


NA


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000




Average SP


NA


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429




Average SP/Sq. Ft


NA


$2,074


$2,027


$1,742


$1,407


$1,556




Average DOM


NA


513


151


152


170


173




Average SP/LP


NA


97


97


98


99


97











In 2023, there were four sales at the Residences.  While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price.  The record-high sale of $13,295,000 in 2021 was for 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.   It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023.


In 2024, on April 1st, just after the first quarter ended, two sales at the Montage recorded: 4201 a 3B/3.5B Hotel Residence at $4,200,002201 a 4B/4.5B Grand Residence at $12,000,000 which is the high sale for condominiums (YTD as of the date of this post) on Maui.


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


Q 1 2024


2023


2022


2021


2020


2019




Sales


0


2


4


5


3


1




Volume


NA


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


NA


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


NA


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


NA


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


NA


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


NA


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


NA


255


161


448


216


203




Average SP/LP


NA


88


102


97


88


92











To date, there have been no sales at the Ritz-Carlton Residences in 2024.


 


KAPALUA MARKET UPDATE: Homes and Land Sales through Q1 2024


The view from 310 Cook Pine Drive in Pineapple Hill, Kapalua which sold at $6,150,000 in 2023.


KAPALUA RESIDENTIAL &amp; VACANT LAND 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.


In 2023, there were 11 home sales.  All but two were in Pineapple Hill and Pineapple Hill Estates. 


In 2024, the market is slow with no residential sales YTD in the Kapalua Resort.  There are currently two pending sales, a home in Pineapple Hill Phase I and a home in Mahana Estates.


KAPALUA HOME SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview






Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


11


14


29


17


18




Volume


NA


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


NA


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


NA


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


NA


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


NA


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


NA


$1,241


$1,112


$982


$1,063


$715




Average DOM


NA


165


193


227


151


270




Average SP/LP


NA


93


97


94


91


92











PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


9


7


15


10


 15




Volume


NA


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


NA


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


NA


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


NA


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


NA


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


NA


$1,219


$1,023


$768


$696


 $692




Average DOM


NA


154


134


160


137


 262




Average SP/LP


NA


94


96


95


95


94











PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


6


3


1




Volume


NA


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


NA


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


NA


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


NA


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


NA


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


NA


$1,266


$920


$933


$1,006


$972




Average DOM


NA


42


306


258


70


215




Average SP/LP


NA


97


96


93


92


81






 







HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


0


1


4


1


2




Volume


NA


NA


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


NA


95


276


40


352




Average SP/LP


NA


NA


97


94


91


89











 


MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


86


100


99


77


NA











 


KAPALUA PLACE &amp; OCEANFRONT HOMES


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.  With just eight oceanfront homes that are part of the resort, it's not uncommon to no sales.


View Kapalua Place and Kapalua Oceanfront homes for sale






Oceanfront Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


0


0


3


2


0




Volume


0


0


0


$34,800,000


$39,500,000


0




Low SP


NA


NA


NA


$8,700,000


$15,500,000


NA




High SP


NA


NA


NA


$15,000,000


$24,000,000


NA




Median SP


NA


NA


NA


$11,100,000


$19,750,000


NA




Average SP


NA


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


NA


NA


NA


$1,809


$3,975


NA




Average DOM


NA


NA


NA


489


425


NA




Average SP/LP


NA


NA


NA


93


79


NA











 


KAPALUA LAND SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview





An aerial view of 322 Cook Pine Drive, which closed at $995,000 in 2023






Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


1


4


20


58


8


2




Volume


$1,700,000


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$1,700,000


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$1,700,000


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,700,000


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$1,700,000


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$19


$33


$38


$17


$32


$23




Average DOM


117


279


202


178


284


60




Average SP/LP


92


87


96


95


89


100




 


 


 


 


 


 


 






In the first quarter of 2024, there was just one land sale that was part of the resort.  A lot in Mahana Estates closed at $1,700,000.  It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection.  It closed at $1,425,000.


Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


5


2


1


0




Volume


NA


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


NA


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


NA


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


NA


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


NA


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


NA


$100


$101


$62


$87


NA




Average DOM


NA


333


204


143


314


NA




Average SP/LP


NA


100


100


100


90


NA






It is not surprising to see so few sales in Pineapple Hill.  There are very few vacant lots left as the majority of the community has been built.


Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


5


2


0




Volume


NA


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


NA


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


NA


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


NA


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


NA


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


NA


$17


$18


$15


$9


NA




Average DOM


NA


409


407


226


53


NA




Average SP/LP


NA


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


1


1


5


42


3


2




Volume


$1,700,000


$1,250,000


$7,670,000


$41,425,000


$2,425,000


$3,150,000




Low SP


$1,700,000


$1,250,000


$1,200,000


$700,000


$800,000


$1,300,000




High SP


$1,700,000


$1,250,000


$1,945,000


$2,150,000


$825,000


$1,850,000




Median SP


$1,700,000


$1,250,000


$1,400,000


$852,500


$800,000


$1,575,000




Average SP


$1,700,000


$1,250,000


$1,534,000


$986,548


$808,333


$1,575,000




Average SP/Sq. Ft.


$19


$7


$29


$17


$12


$23




Average DOM


117


167


119


163


157


60




Average SP/LP


92


97


96


94


95


100






Mahana Estates is Kapalua Resort's newest residential offering.  CC&amp;Rs allow for more contemporary structures which makes it a popular choice.


Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


6


9


1


0




Volume


NA


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


NA


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


NA


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


NA


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


NA


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


NA


$7


$7


$7


$5


NA




Average DOM


NA


206


133


227


360


NA




Average SP/LP


NA


75


97


92


95


NA






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,


Kapalua Condos, Homes and Land for Sale





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.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


 


 
 ]]> </description>
    <pubDate>Thu, 04 Apr 2024 15:07:00 -1000</pubDate>
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    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-in-review.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-in-review.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2023 In Review</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: 2023 Year in Review





Photo of the Montage Kapalua Bay: Montage Residences 3704 is currently listed for sale Image by HiFocused


Kapalua Condominiums:  2023 in Review


The Kapalua Resort 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. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


2023


2022


2021


2020


2019




Number of Sales


22


62


145


40


61




Volume


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


182


96


177


165


213




Average SP/LP


97


99


97


94


96




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale






Sales have been slower in the Kapalua Resort in the latter half of the year, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  There have been three sales to record since August: two sales at the Kapalua Bay Villas (both one-bedroom residences) and one to record at the Ritz-Carlton Residences, Kapalua.  Historically, the resort is largely a second home market and market activity tends to be greatest in the peak travel seasons of winter/spring.


Key Stats by Community


How does the market in 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


2023


2022


2021


2020


2019




Sales


0


2


6


0


0




Volume


0


$10,990,000


29,000,000


0


0




Low SP


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


$2,240


1,883


NA


NA




Average DOM


NA


67


154


NA


NA




Average SP/LP


NA


93


97


NA


NA






With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity.  In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


2023


2022


2021


2020


2019




Sales


0


4


5


4


1




Volume


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


NA


149


320


124


671




Average SP/LP


NA


95


92


88


93






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


At the time of this post, there are no listings.  Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  There have been no pending sales or sales YTD in 2023.  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.


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale






Kapalua Bay Villas


2023


2022


2021


2020


2019




Sales


6


10


30


7


14




Volume


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,734


$1,496


$1,104


$876


$872




Average DOM


124


68


232


149


287




Average SP/LP


99


100


97


92


93






 In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua.  It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences.  All six sales in 2023 were one-bedroom condominiums.  Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence.  In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price.  


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


2023


2022


2021


2020


2019




Sales


6


21


44


9


9




Volume


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


$1,380


$1,205


$856


$749


$677




Average DOM


143


81


122


124


165




Average SP/LP


99


100


99


94


97






Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each.  The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022.


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


2023


2022


2021


2020


2019


2018




Sales


4


11


28


8


6


6




Volume


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500




Low SP


$1,390,000


$1,250,000


$775,000


$650,000


$650,000


$849,000




High SP


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000


$1,500,000




Median SP


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000


$920,750




Average SP


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,015,083




Average SP/Sq. Ft


$1,315


$1,179


$813


$701


$653


$737




Average DOM


78


65


165


222


263


215




Average SP/LP


99


100


97


96


98


97






The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas).  The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which is the highest sale recorded in MLS for a Ridge Villa.


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


2023


2022


2021


2020


2019


2018




Sales


4


10


27


9


21


12




Volume


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074




Low SP


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000




High SP


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000




Median SP


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000


$4,422,500




Average SP


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340




Average SP/Sq. Ft


$2,074


$2,027


$1,742


$1,407


$1,556


$1,572




Average DOM


513


151


152


170


173


230




Average SP/LP


97


97


98


99


97


100






In 2023, there were four sales at the Residences.  While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price.  The record-high sale of $13,295,000 in 2021 was for 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.   It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023.


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


2023


2022


2021


2020


2019




Sales


2


4


5


3


1




Volume


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


255


161


448


216


203




Average SP/LP


88


102


97


88


92






There have been two sales Year to Date.  The sale to record most recently was at 84 of asking, bringing the average sales price to listing price down to 88 for the year.  


KAPALUA MARKET UPDATE: Homes and Land Sales through Q3 2023


The view from 310 Cook Pine Drive in Pineapple Hill, Kapalua which sold at $6,150,000


KAPALUA RESIDENTIAL &amp; VACANT LAND 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.


In 2023, there were 11 home sales.  All but two were in Pineapple Hill and Pineapple Hill Estates.


KAPALUA HOME SALES BY COMMUNITY: 2023 and a 5 Year Overview






Kapalua Homes


2023


2022


2021


2020


2019




Number of Sales


11


14


29


17


18




Volume


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


$1,241


$1,112


$982


$1,063


$715




Average DOM


165


193


227


151


270




Average SP/LP


93


97


94


91


92






PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


2023


2022


2021


2020


2019




Number of Sales


9


7


15


10


 15




Volume


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


$1,219


$1,023


$768


$696


 $692




Average DOM


154


134


160


137


 262




Average SP/LP


94


96


95


95


94






PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


2023


2022


2021


2020


2019




Number of Sales


1


4


6


3


1




Volume


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


$1,266


$920


$933


$1,006


$972




Average DOM


42


306


258


70


215




Average SP/LP


97


96


93


92


81






HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


2023


2022


2021


2020


2019




Number of Sales


0


1


4


1


2




Volume


0


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


95


276


40


352




Average SP/LP


NA


97


94


91


89






MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


2023


2022


2021


2020


2019




Number of Sales


1


2


1


1


0




Volume


$6,000,000


$9,600,000


$5,250,000


$6,400,000


 




Low SP


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


379


224


52


88


NA




Average SP/LP


86


100


99


77


NA






KAPALUA PLACE &amp; OCEANFRONT HOMES


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.  With just eight oceanfront homes that are part of the resort, it's not uncommon to no sales.


View Kapalua Place and Kapalua Oceanfront homes for sale






Oceanfront Homes


2023


2022


2021


2020


2019




Number of Sales


0


0


3


2


0




Volume


0


0


$34,800,000


$39,500,000


0




Low SP


NA


NA


$8,700,000


$15,500,000


NA




High SP


NA


NA


$15,000,000


$24,000,000


NA




Median SP


NA


NA


$11,100,000


$19,750,000


NA




Average SP


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


NA


NA


$1,809


$3,975


NA




Average DOM


NA


NA


489


425


NA




Average SP/LP


NA


NA


93


79


NA






KAPALUA LAND SALES






Land


2023


2022


2021


2020


2019




Number of Sales


4


20


58


8


2




Volume


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$33


$38


$17


$32


$23




Average DOM


279


202


178


284


60




Average SP/LP


87


96


95


89


100






Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


2023


2022


2021


2020


2019




Number of Sales


1


5


2


1


0




Volume


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


$100


$101


$62


$87


NA




Average DOM


333


204


143


314


NA




Average SP/LP


100


100


100


90


NA






Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


2023


2022


2021


2020


2019




Number of Sales


1


4


5


2


0




Volume


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


$17


$18


$15


$9


NA




Average DOM


409


407


226


53


NA




Average SP/LP


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Land


2023


2022


2021


2020


2019




Number of Sales


1


5


42


3


2




Volume


$1,250,000


$7,670,000


$41,425,000


$2,425,000


$3,150,000




Low SP


$1,250,000


$1,200,000


$700,000


$800,000


$1,300,000




High SP


$1,250,000


$1,945,000


$2,150,000


$825,000


$1,850,000




Median SP


$1,250,000


$1,400,000


$852,500


$800,000


$1,575,000




Average SP


$1,250,000


$1,534,000


$986,548


$808,333


$1,575,000




Average SP/Sq. Ft.


$7


$29


$17


$12


$23




Average DOM


167


119


163


157


60




Average SP/LP


97


96


94


95


100






Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


2023


2022


2021


2020


2019




Number of Sales


1


6


9


1


0




Volume


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


$7


$7


$7


$5


NA




Average DOM


206


133


227


360


NA




Average SP/LP


75


97


92


95


NA






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,


Kapalua Condos, Homes and Land for Sale





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.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


 


 
 ]]> </description>
    <pubDate>Thu, 04 Jan 2024 15:33:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-condo-market-report-through-q3-2024.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-condo-market-report-through-q3-2024.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Condo Market Update: Report Through Q3, 2024</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Activity through Q3 | 2023 





Kapalua Condominiums:  Market Update through Q3 | 2023


The Kapalua Resort 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. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


Q3 2023


2022


2021


2020


2019


2018




Number of Sales


20


62


145


40


61


45




Volume


$47,889,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800


$92,832,112




Low Sales Price


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High Sales Price


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000


$8,950,000




Median


$1,697,500


$1,455,000


$1,220,000


$1,162,500


$1,050,000


$1,031,250




Average SP


$2,394,450


$2,351,218


$2,060,805


$1,715,438


$2,033,242


$2,062,935




Average SP/Sq. Ft.


$1,562


$1,470


$1,154


$1,000


$1,028


$1,026




Average DOM


180


96


177


165


213


209




Average SP/LP


98


99


97


94


96


97




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale


 






 


Sales have been slower in the Kapalua Resort in the latter half of the year.  There have been few sales to record since the fire in Lahaina in August of 2023.  The resort is largely a second home market and market activity tends to be greatest in the peak seasons of winter/spring.


 


Key Stats by Community


How does the market through the middle of 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay






Coconut Grove


Q3 2023


2022


2021


2020


2019


2018




Sales


0


2


6


0


0


0




Volume


0


$10,990,000


29,000,000


0


0


0




Low SP


NA


$5,300,000


3,700,000


NA


NA


NA




High SP


NA


$5,690,000


6,250,000


NA


NA


NA




Median SP


NA


$5,495,000


$4,750,000


NA


NA


NA




Average SP


NA


$5,495,000


4,833,333


NA


NA


NA




Average SP/Sq. Ft


NA


$2,240


1,883


NA


NA


NA




Average DOM


NA


67


154


NA


NA


NA




Average SP/LP


NA


93


97


NA


NA


NA






View Coconut Grove Kapalua Condos for sale


At the time of this post, there are no listings and no pending sales at Coconut Grove.  With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity.  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.


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


Q3 2023


2022


2021


2020


2019


2018




Sales


0


4


5


4


1


1




Volume


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000


$3,000,000




Low SP


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000


$3,000,000




High SP


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000


$3,000,000




Median SP


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000


$3,000,000




Average SP


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000


$3,000,000




Average SP/Sq. Ft


NA


$1,729


$1,634


$1,412


$1,065


$1,391




Average DOM


NA


149


320


124


671


204




Average SP/LP


NA


95


92


88


93


92






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


 At the time of this post, there are no listings.  Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  There have been no pending sales or sales YTD in 2023.  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.


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale






Kapalua Bay Villas


Q3 2023


2022


2021


2020


2019


2018




Sales


5


10


30


7


14


7




Volume


$8,194,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500


$7,621,250




Low SP


$1,399,000


$1,300,000


$755,000


$675,000


$800,000


$800,000




High SP


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000


$1,600,000




Median SP


$1,695,000


$1,437,500


$1,237,000


$1,000,000


$1,062,500


$1,031,250




Average SP


$1,638,800


$1,776,400


$1,369,650


$1,076,857


$1,073,750


$1,088,750




Average SP/Sq. Ft


$1,706


$1,496


$1,104


$876


$872


$872




Average DOM


139


68


232


149


287


258




Average SP/LP


99


100


97


92


93


95






At the time of this post, there are two active listings and two pending sales, with five sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Liv-SF


DOM


Price Per SQFT


MLS 




ACT


Kapalua Bay Villas II


12G4


$1,625,000


 


 


1


1


1,006


3


$1,615


400201




ACT


Kapalua Bay Villas I


17G1,2,3


$2,595,000


 


 


2


3


1,529


49


$1,697


399855




PNDS


Kapalua Bay Villas I


35G-2


$1,795,000


 


 


1


1


1,006


23


$1,784


400044




PNDNS


Kapalua Bay Villas II


30-G2


$2,000,000


 


 


1


1


1,006


14


$1,988


400120




SLD


Kapalua Bay Villas II


17B3


$1,695,000


$1,695,000


3/15/23


1


2


995


58


$1,704


397877




SLD


Kapalua Bay Villas I


37G-1


$1,399,000


$1,399,000


4/11/23


1


2


1,119


263


$1,250


396509




SLD


Kapalua Bay Villas II


35B2


$1,950,000


$1,900,000


4/14/23


1


2


1,087


60


$1,748


398133




SLD


Kapalua Bay Villas II


17G4


$1,500,000


$1,500,000


6/2/23


1


1


1,006


253


$1,491


396995




SLD


Kapalua Bay Villas II


32B3


$1,750,000


$1,700,000


8/28/23


1


1.5


995


62


$1,709


399242






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. 


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


Q3 2023


2022


2021


2020


2019


2018




Sales


6


21


44


9


9


13




Volume


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603


$10,645,400




Low SP


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High SP


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000


$1,200,000




Median SP


$1,597,500


$1,215,000


$944,000


$745,000


$785,000


849,000




Average SP


$1,559,167


$1,332,548


$956,176


$826,833


$802,572


$818,877




Average SP/Sq. Ft


$1,380


$1,205


$856


$749


$677


$678




Average DOM


143


81


122


124


165


155




Average SP/LP


99


100


99


94


97


98






At the time of this post, there are three active listings. There have been six sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Liv-SF


DOM


$/SQFT


MLS 




ACT


Kapalua Golf Villas


19T4-5


$1,385,000


 


 


1


2


972


291


$1,425


397970




ACT


Kapalua Golf Villas


17P7,8


$1,875,000


 


 


2


2


1,344


34


$1,395


399965




ACT


Kapalua Golf Villas


23T6-7


$1,925,000


 


 


2


2


1,344


104


$1,432


399475




SLD


Kapalua Golf Villas


25 P3-4


$1,700,000


$1,675,000


2/3/23


2


2


1,344


171


$1,246


396733




SLD


Kapalua Golf Villas


21T1-2


$1,385,000


$1,385,000


2/17/23


1


2


972


112


$1,425


397242




SLD


Kapalua Golf Villas


17T8


$1,285,000


$1,250,000


4/21/23


1


2


987


186


$1,266


397171




SLD


Kapalua Golf Villas


23V2


$1,595,000


$1,595,000


6/30/23


1


2


899


72


$1,774


398654




SLD


Kapalua Golf Villas


15P5&amp;6


$1,625,000


$1,600,000


8/4/23


2


2


1,344


212


$1,190


397798




SLD


Kapalua Golf Villas


27P7-8


$1,895,000


$1,850,000


8/4/23


2


2


1,344


107


$1,376


398662






 


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


Q3 2023


2022


2021


2020


2019


2018




Sales


4


11


28


8


6


6




Volume


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500




Low SP


$1,390,000


$1,250,000


$775,000


$650,000


$650,000


$849,000




High SP


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000


$1,500,000




Median SP


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000


$920,750




Average SP


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,015,083




Average SP/Sq. Ft


$1,315


$1,179


$813


$701


$653


$737




Average DOM


78


65


165


222


263


215




Average SP/LP


99


100


97


96


98


97






At the time of this post, there are two active listings.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Liv-SF


DOM


$/SQFT




ACT


Kapalua Ridge


915


$1,495,000


 


 


1


2


1,162


65


$1,287




ACT


Kapalua Ridge


1114


$1,600,000


 


 


1


2


1,125


11


$1,422




SLD


Kapalua Ridge


1223-24


$1,750,000


$1,750,000


2/1/23


2


3


1,756


65


$997




SLD


Kapalua Ridge


2911-13


$2,250,000


$2,225,000


3/22/23


2


3


1,778


37


$1,251




SLD


Kapalua Ridge


724


$1,389,000


$1,390,000


7/18/23


1


2


1,125


68


$1,236




SLD


Kapalua Ridge


1611-13


$1,950,000


$1,875,000


7/31/23


2


3


1,778


143


$1,055






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.


Montage Residences Kapalua Bay






Montage Kapalua Bay


Q3 2023


2022


2021


2020


2019


2018




Sales


4


10


27


9


21


12




Volume


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074




Low SP


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000




High SP


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000




Median SP


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000


$4,422,500




Average SP


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340




Average SP/Sq. Ft


$2,074


$2,027


$1,742


$1,407


$1,556


$1,572




Average DOM


513


151


152


170


173


230




Average SP/LP


97


97


98


99


97


100






View Montage Residences Kapalua Bay Condos for Sale


At the time of this post, there are two active listings and no pending sales at the Montage Kapalua Bay.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Liv-SF


DOM


$/SQFT


MLS 




ACT


Montage Residences Kapalua Bay


4201


$4,395,000


 


 


3


3.5


2,065


123


$2,128


399361




ACT


Montage Residences Kapalua Bay


5104


$4,495,000


 


 


3


3.5


2,789


97


$1,612


399525




SLD


Montage Residences Kapalua Bay


2206


$3,800,000


$3,650,000


2/21/23


3


3.5


2,904


974


$1,257


387459




SLD


Montage Residences Kapalua Bay


4503


$4,595,000


$4,450,000


5/1/23


3


3.5


2,079


201


$2,140


397124




SLD


Montage Residences Kapalua Bay


1203


$8,795,000


$8,200,000


6/13/23


3


3.5


2,904


363


$2,824


396141




SLD


Montage Residences Kapalua Bay


3501


$5,250,000


$5,250,000


6/14/23


3


3.5


2,065


40


$2,542


398797






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. 


Ritz-Carlton Kapalua Residences 






Ritz-Carlton Residences


Q3 2023


2022


2021


2020


2019


2018




Sales


1


4


5


3


1


6




Volume


$1,550,000


$7,429,000


$9,655,000


$3,872,500


$900,000


$6,694,888




Low SP


$1,550,000


$990,000


$945,000


$735,000


$900,000


$830,000




High SP


$1,550,000


$2,800,000


$2,800,000


$2,300,000


$900,000


$1,400,000




Median SP


$1,550,000


$1,820,000


$1,800,000


$837,500


$900,000


$1,082,444




Average SP


$1,550,000


$1,857,250


$1,931,000


$1,290,833


$900,000


$1,115,815




Average SP/Sq. Ft


$1,765


$1,557


$1,446


$1,065


$1,034


$1,093




Average DOM


162


161


448


216


203


207




Average SP/LP


92


102


97


88


92


90






View Ritz-Carlton Residences Kapalua Condos for Sale


At the time of this post, there are four active listings at the Ritz-Carlton, Kapalua. There have been two sales Year to Date.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Liv-SF


DOM


$/SQFT


MLS 




ACT


The Ritz Carlton Residences


1601


$1,685,000


 


 


1


1


872


236


$1,932


398419




ACT


The Ritz Carlton Residences


1126-1128


$3,250,000


 


 


2


2


1,398


120


$2,325


399404




ACT


The Ritz Carlton Residences


1614/1616


$3,650,000


 


 


2


2


1,333


35


$2,738


399953




ACT


The Ritz Carlton Residences


1626


$8,900,000


 


 


2


2.5


2,558


134


$3,479


399288




SLD


The Ritz Carlton Residences


1712


$1,680,000


$1,550,000


4/5/23


1


1


878


162


$1,765


397227




SLD


The Ritz Carlton Residences


1226-1228


$3,675,000


$3,100,000


10/30/23


2


2


1,477


348


$2,099


397394






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 in 2022.


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,


Kapalua Condos for Sale





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.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


This blog was updated on 7/28/23 and the interactive charts from the MLS were changed from rolling year of data to rolling 6 months.


 
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    <pubDate>Sun, 12 Nov 2023 13:09:00 -1000</pubDate>
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    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-condo-market-update-q2-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Condo Market Update Q2 | 2023</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Activity through Q2 | 2023 





Kapalua Condominiums:  Market Update through Q2 | 2023


The Kapalua Resort 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. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


15


62


145


40


61


45




Volume


$39,474,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800


$92,832,112




Low Sales Price


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High Sales Price


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000


$8,950,000




Median


$1,695,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000


$1,031,250




Average SP


$2,631,600


$2,351,218


$2,060,805


$1,715,438


$2,033,242


$2,062,935




Average SP/Sq. Ft.


$1,645


$1,470


$1,154


$1,000


$1,028


$1,026




Average DOM


201


96


177


165


213


209




Average SP/LP


98


99


97


94


96


97




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale in 2022


 











 


Key Stats by Community


How does the market through the middle of 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


Q2 2023


2022


2021


2020


2019


2018




Sales


0


2


6


0


0


0




Volume


0


$10,990,000


29,000,000


0


0


0




Low SP


NA


$5,300,000


3,700,000


NA


NA


NA




High SP


NA


$5,690,000


6,250,000


NA


NA


NA




Median SP


NA


$5,495,000


$4,750,000


NA


NA


NA




Average SP


NA


$5,495,000


4,833,333


NA


NA


NA




Average SP/Sq. Ft


NA


$2,240


1,883


NA


NA


NA




Average DOM


NA


67


154


NA


NA


NA




Average SP/LP


NA


93


97


NA


NA


NA











At the time of this post, there is just one listing and no pending sales or sales YTD:






Status


Building Name


Unit


List Price


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.




ACT


Coconut Grove


F24


$6,750,000


3


3.5


2,783


237


$2,425






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.


 


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


Q2 2023


2022


2021


2020


2019


2018




Sales


0


4


5


4


1


1




Volume


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000


$3,000,000




Low SP


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000


$3,000,000




High SP


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000


$3,000,000




Median SP


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000


$3,000,000




Average SP


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000


$3,000,000




Average SP/Sq. Ft


NA


$1,729


$1,634


$1,412


$1,065


$1,391




Average DOM


NA


149


320


124


671


204




Average SP/LP


NA


95


92


88


93


92






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.







 At the time of this post, there is just one listing:






Status


Building Name


Unit


List Price


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Kapalua Ironwoods


62


$4,350,000


2


3


2,032


197


$2,141


397779






There have been no pending sales or sales YTD in 2023.  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.


 


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale






Kapalua Bay Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


4


10


30


7


14


7




Volume


$6,494,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500


$7,621,250




Low SP


$1,399,000


$1,300,000


$755,000


$675,000


$800,000


$800,000




High SP


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000


$1,600,000




Median SP


$1,597,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500


$1,031,250




Average SP


$1,623,500


$1,776,400


$1,369,650


$1,076,857


$1,073,750


$1,088,750




Average SP/Sq. Ft


$1,548


$1,496


$1,104


$876


$872


$872




Average DOM


159


68


232


149


287


258




Average SP/LP


99


100


97


92


93


95











At the time of this post, there is just one listing and there have been four sales YTD






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft. 


DOM


$/Sq. Ft.


MLS 




PNDS


Kapalua Bay Villas


32B3


$1,750,000


 


 


1


1.5


995


20


$1,759


399242




SLD


Kapalua Bay Villas


17B3


$1,695,000


$1,695,000


3/15/23


1


2


995


58


$1,704


397877




SLD


Kapalua Bay Villas


37G-1


$1,399,000


$1,399,000


4/11/23


1


2


1,119


263


$1,250


396509




SLD


Kapalua Bay Villas


35B2


$1,950,000


$1,900,000


4/14/23


1


2


1,087


60


$1,748


398133




SLD


Kapalua Bay Villas


17G4


$1,500,000


$1,500,000


6/2/23


1


1


1,006


253


$1,491


396995






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. 


 


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


4


21


44


9


9


13




Volume


$5,905,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603


$10,645,400




Low SP


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High SP


$1,675,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000


$1,200,000




Median SP


$1,490,000.00


$1,215,000.00


$944,000


$745,000


$785,000


849,000




Average SP


$1,476,250


$1,332,548


$956,176


$826,833


$802,572


$818,877




Average SP/Sq. Ft


$1,428


$1,205


$856


$749


$677


$678




Average DOM


135


81


122


124


165


155




Average SP/LP


99


100


99


94


97


98











At the time of this post, there are two active listings and three pending sales.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Kapalua Golf Villas


19T4-5


$1,385,000


 


 


1


2


972


173


$1,424.90


397970




ACT


Kapalua Golf Villas


25-T6&amp;7


$1,895,000


 


 


2


2


1,344


129


$1,409.97


398330




PNDS


Kapalua Golf Villas


18T3-4


$1,265,000


 


 


1


2


972


16


$1,301.44


399279




PNDS


Kapalua Golf Villas


27P7-8


$1,895,000


 


 


2


2


1,344


89


$1,409.97


398662




PNDNS


Kapalua Golf Villas


15P5&amp;6


$1,625,000


 


 


2


2


1,344


194


$1,209.08


397798




SLD


Kapalua Golf Villas


25 P3-4


$1,700,000


$1,675,000


2/3/23


2


2


1,344


171


$1,246.28


396733




SLD


Kapalua Golf Villas


21T1-2


$1,385,000


$1,385,000


2/17/23


1


2


972


112


$1,424.90


397242




SLD


Kapalua Golf Villas


17T8


$1,285,000


$1,250,000


4/21/23


1


2


987


186


$1,266.46


397171




SLD


Kapalua Golf Villas


23V2


$1,595,000


$1,595,000


6/30/23


1


2


899


72


$1,774.19


398654






 


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


2


11


28


8


6


6




Volume


$3,975,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500




Low SP


$1,750,000


$1,250,000


$775,000


$650,000


$650,000


$849,000




High SP


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000


$1,500,000




Median SP


$1,987,500


$1,375,000


$1,097,000


$1,135,000


$780,000


$920,750




Average SP


$1,987,500


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,015,083




Average SP/Sq. Ft


$1,124


$1,179


$813


$701


$653


$737




Average DOM


51


65


165


222


263


215




Average SP/LP


99


100


97


96


98


97






 







At the time of this post, there are two active listings and two pending sales at The Ridge.  There have been two sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.




ACT


Kapalua Ridge


2122


$1,495,000


 


 


1


2


1,150


56


$1,300




ACT


Kapalua Ridge


1512


$1,500,000


 


 


1


2


1,125


35


$1,333




PNDS


Kapalua Ridge


724


$1,389,000


 


 


1


2


1,125


67


$1,235




PNDS


Kapalua Ridge


1611-13


$1,950,000


 


 


2


3


1,778


129


$1,097




SLD


Kapalua Ridge


1223-24


$1,750,000


$1,750,000


2/1/23


2


3


1,756


65


$997




SLD


Kapalua Ridge


2911-13


$2,250,000


$2,225,000


3/22/23


2


3


1,778


37


$1,251






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.


 


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


Q2 2023


2022


2021


2020


2019


2018




Sales


4


10


27


9


21


12




Volume


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074




Low SP


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000




High SP


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000




Median SP


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000


$4,422,500




Average SP


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340




Average SP/Sq. Ft


$2,074


$2,027


$1,742


$1,407


$1,556


$1,572




Average DOM


513


151


152


170


173


230




Average SP/LP


97


97


98


99


97


100






 







 At the time of this post, there are three active listings and no pending sales at the Montage Kapalua Bay.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Montage Residences Kapalua Bay


4201


$4,750,000


 


 


3


3.5


2,065


5


$2,300


399361




ACT


Montage Residences Kapalua Bay


1204


$8,195,000


 


 


3


3.5


2,789


167


$2,938


398325




ACT


Montage Residences Kapalua Bay


1103


$12,500,000


 


 


3


3.5


2,904


71


$4,304


398817




SLD


Montage Residences Kapalua Bay


2206


$3,800,000


$3,650,000


2/21/23


3


3.5


2,904


974


$1,257


387459




SLD


Montage Residences Kapalua Bay


4503


$4,595,000


$4,450,000


5/1/23


3


3.5


2,079


201


$2,140


397124




SLD


Montage Residences Kapalua Bay


1203


$8,795,000


$8,200,000


6/13/23


3


3.5


2,904


363


$2,824


396141




SLD


Montage Residences Kapalua Bay


3501


$5,250,000


$5,250,000


6/14/23


3


3.5


2,065


40


$2,542


398797






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. 


 


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


Q2 2023


2022


2021


2020


2019


2018




Sales


1


4


5


3


1


6




Volume


$1,550,000


$7,429,000


$9,655,000


$3,872,500


$900,000


$6,694,888




Low SP


$1,550,000


$990,000


$945,000


$735,000


$900,000


$830,000




High SP


$1,550,000


$2,800,000


$2,800,000


$2,300,000


$900,000


$1,400,000




Median SP


$1,550,000


$1,820,000


$1,800,000


$837,500


$900,000


$1,082,444




Average SP


$1,550,000


$1,857,250


$1,931,000


$1,290,833


$900,000


$1,115,815




Average SP/Sq. Ft


$1,765


$1,557


$1,446


$1,065


$1,034


$1,093




Average DOM


162


161


448


216


203


207




Average SP/LP


92


102


97


88


92


90











At the time of this post, there are four active listings at the Ritz-Carlton, Kapalua.  YTD there has been one sale.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


The Ritz Carlton Residences


1601


$1,685,000


 


 


1


1


872


118


$1,932.34


398419




ACT


The Ritz Carlton Residences


1614-1616


$3,650,000


 


 


2


2


1,333


107


$2,738.18


398516




ACT


The Ritz Carlton Residences


1226-1228


$3,675,000


 


 


2


2


1,477


243


$2,488.15


397394




ACT


The Ritz Carlton Residences


1626


$8,900,000


 


 


2


2.5


2,558


16


$3,479.28


399288




SLD


The Ritz Carlton Residences


1712


$1,680,000


$1,550,000


4/5/23


1


1


878


162


$1,765.38


397227






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 in 2022.


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,


Kapalua Condos for Sale





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.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


This blog was updated on 7/28/23 and the interactive charts from the MLS were changed from rolling year of data to rolling 6 months.


 
 ]]> </description>
    <pubDate>Mon, 17 Jul 2023 11:59:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-q1.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-q1.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2023 Q1</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: First Quarter 2023





The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua


Kapalua Condominiums:  2018-Q1 2023


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 the first Quarter of 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay





In the first quarter of 2023 there were no sales at Coconut Grove. 


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 the first quarter of 2023, there were no sales at the Kapalua Ironwoods.


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 the first quarter of 2023, there was just one Bay Villa to sell.  A one bedroom, ocean view condominium in building 17. 


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 the first quarter of 2023, there were two Golf Villa sales, a one bedroom in building 21 and a 2 bedroom in building 25.


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 2023, there were two villas to sell, both two bedrooms, in buildings 12 and 29.


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





In the first quarter of 2023, there was just one Residence to sell at the Montage, a three bedroom residence located on the ground floor in building 2.


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 





There have been no condo sales in the first quarter of 2023 at the Ritz-Carlton Residences in Kapalua.


In 2022, 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.


In the first quarter of 2023, there were only two home sales: a home in Pineapple Hill that sold at $4,150,000 and a home in Pineapple Hill Estates that sold for $5,775,000.


KAPALUA HOME SALES


 


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES





View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale


PLANTATION ESTATES AT KAPALUA HOMES





View Plantation Estates Homes for Sale


HONOLUA RIDGE HOMES





View Honolua Ridge Homes for sale


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 for sale


KAPALUA LAND SALES


In the first quarter of 2023, there are no lot sales to report in the Kapalua Resort.  





Pineapple Hill &amp; Pineapple Hill Estates Land





View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale


Plantation Estates Land





View Plantation Estates Land for Sale


Mahana Estates Land


 


View Mahana Estates Land for Sale


Honolua Ridge Land





View Honolua Ridge Land for Sale


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>Thu, 20 Apr 2023 14:44:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/at-home-on-the-ocean-kapalua-bay-villas-35b2.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/at-home-on-the-ocean-kapalua-bay-villas-35b2.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>At Home on the Ocean: Kapalua Bay Villas 35B2</title>
    <description> <![CDATA[ 
Introducing Kapalua Bay Villas 35B2: oceanfront living in Kapalua





This is a rare offering of an oceanfront Kapalua Bay Villa located along the spectacular Kapalua coast.  This spacious one bedroom, two bathroom townhouse floor plan is situated overlooking Hāwea Point.  It has been beautifully renovated with thoughtful attention to detail.


At the Kapalua Bay Villas, the bridge-level townhouse floor plan is coveted as it offers ocean views from both the upstairs and downstairs living spaces. 


Downstairs the kitchen, living room and lanai are oriented to the view.  Upstairs, the spacious bedroom suite and upstairs lanai have views of the ocean and outer island of Moloka'i. 


The first thing that grabbed the owner's attention was the view of the neighbor island of Molokai, which is perfectly framed by the living room windows.  Positioned on the West side of the building, this location is sheltered from the trade winds providing the perfect vantage point for whale watching and experiencing Maui’s incredible sunsets. 


The covered lanai downstairs overlooks Hāwea Point, which is under the stewardship of the Hawai’i Land Trust and is home to the endangered seabird, the ’Ua’u Kani.  In the winter and spring, this is an incredible spot for whale watching. 


Beautifully renovated, the owners added special touches to the kitchen, with custom cabinetry and a wine fridge, and pampas reed resin windows for privacy.


The upstairs bedroom suite has been expanded to create a private suite, while simultaneously allowing for more closet space and a seating area that has incredible views of the ocean.


The upstairs bathroom has been renovated creating a more open feel with a walk-in shower.


The gated Bay Villas community is situated along the Kapalua Coastal trail and has direct beach access to Oneloa Bay.





In addition to three swimming pools and BBQ areas, the Bay Villas has two tennis/pickleball courts.


Next door is the Montage Kapalua Bay and Spa Montage.  The Bay Villas are located in the heart of the Kapalua Resort, which is known for its championship golf courses, restaurants, beaches, and hiking and walking trails.


For more information on this offering or on the Kapalua Bay Villas, please contact Courtney M. Brown, R(S) 56519


View Kapalua Bay Villas Condos for Sale



 ]]> </description>
    <pubDate>Mon, 13 Feb 2023 13:50:00 -1000</pubDate>
</item>
<item>
    <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>
</item>
    </channel>
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