Kapalua Resort: Market Update June, 2021

Posted by Courtney M. Brown on Tuesday, June 1st, 2021 at 5:00pm.

The Kapalua Resort: Market Update 
June 1, 2021

Kapalua Maui

Market Overview: Kapalua Resort Condos, Homes and Land

Active Listings: 54
Price Range: $750,000-$9,900,000
Avg LP/Sq. ft.: $779
Avg DOM: 264
Pending Sales: 46
Price Range: $760,000-8,500,000
Avg LP/Sq. Ft.: $786
Avg DOM: 174

KAPALUA RESORT YTD 2021 YTD 2020 YTD Change 2020 Change
Sales 99 17 482% 65 52%
Volume $228,099,750 $29,759,100 666% $173,329,500 32%
Avg LP $2,422,861 $1,878,000 29% $3,065,305 -21%
Avg SP $2,304,038 $1,684,471 37% $2,666,607 -14%
SP/LP 96% 93% 3% 93% 3%
Avg SP/Sq. Ft. $803 $800 0% $897 -10%
Avg DOM 183 151 21% 176 4%


Note: Data is through 5.31.2021 and compares the same period of time in 2020.  Fractional sales at the Montage Residences, Kapalua Bay are not included in this summary

Similar to the housing markets across the US, the Kapalua Resort market is seeing a remarkable amount of activity in 2021 vs. the same period in 2020.  The total number of sales is up 482% and volume 666%.  The average sales price is up 37% over the same period in the prior year.  It's noteworthy that the average sales price/sq. ft. is level. This would be influenced by more vacant land sales (22 compared with 2 in 2020) added into the mix, with a 15-acre parcel selling in Honolua Ridge at just $2/sq. ft in 2021.  It is noteworthy that in 2021, the high SP/sq. ft. year to date is at the Montage Residences, where an oceanfront residence closed at $2101/sq. ft.   In 2020, the high was $1842/sq. ft. for an oceanfront residence at the Ironwoods.  

With pending sales currently at 46, the resort is on track to see sales volume 123% over that of 2020 at a very minimum.

Market Overview: Kapalua Resort Condominiums

Active Listings: 24
Price Range: $785,000-8,700,000
Avg LP/Sq. ft.: $1403
Avg DOM: 212
Pending Sales: 29
Price Range: $769,000-8,500,000
Avg LP/Sq. Ft.: $1141
Avg DOM: 193

KAPALUA CONDOS YTD 2021 YTD 2020 YTD Change 2020 Change
Sales 59 12 392% 40 48%
Volume $106,792,250 $16,166,000 561% $68,617,500 56%
Avg LP $1,876,784 $1,420,917 32% $1,806,947 4%
Avg SP $1,810,038 $1,347,167 34% $1,715,438 6%
SP/LP 96% 95% 1% 94% 2%
Avg SP/Sq. Ft. $1,035 $937 10% $1,000 4%
Avg DOM 193 162 19% 165 17%

Kapalua has seven different condominium communities.  There are the Bay Villas, Golf Villas, and Ridge Villas, which are a mix of one and two-bedroom condominium units (sometimes three-bedroom villas will pop up, when a two-bedroom villa has been modified) that can be rented short term.  The Ritz-Carlton Residences, Kapalua and Montage Kapalua Bay are luxury residences situated in five-star hotels.  The Coconut Grove and Ironwoods are low density, low-rise communities, with private garages.  Both the Coconut Grove and Ironwoods have restrictions in place regarding short-term rentals, lending a more residential feel to the properties.

The number of sales is up 392%, and volume is up 561%.   Average Sales Price is up 34%.  It's noteworthy that the DOM on market is also up, but the market is currently moving very swiftly at the lower end of the market, so this may be reflective of older, higher-priced inventory selling.

View Kapalua Condos for Sale

Market Overview: Kapalua Resort Homes 

Active Listings: 7
Price Range: $2,850,000-$9,900,000
Avg LP/Sq. ft.: $1105
Avg DOM: 342
Pending Sales: 4
Price Range: $2,600,000-$4,695,000
Avg LP/Sq. Ft.: $690
Avg DOM: 211

KAPALUA HOMES YTD 2021 YTD 2020 Change 2020 Change
Sales 18 3 500% 17 6%
Volume $95,627,500 $10,870,000 780% $90,787,000 5%
Avg LP $5,654,611 $4,391,667 56% $6,473,563 -13%
Avg SP $5,312,639 $3,623,333 47% $5,321,063 0%
SP/LP 94% 87% 8% 91% 3%
Avg SP/Sq. Ft. $1,009 $781 29% $1,043 -3%
Avg DOM 165 158 4% 156 6%

As people revaluated their living spaces shifting to homes over condos in both late 2020 and early 2021, the residential market in Kapalua saw an unprecedented amount of activity.  Condo sales seemed to pick up a bit later, as travel restrictions started to lift.  

Sales increased dramatically, particularly in the Pineapple Hill and Plantation Estates communities.  There are fewer homes in Honolua Ridge and Mahana Estates, though that is starting to change with some new construction underway.  

View Kapalua Homes for Sale

Market Overview: Kapalua Resort Land

Active Listings: 22
Price Range: $750,000-$7,250,000
Avg LP/Sq. ft.: $29
Avg DOM: 295
Pending Sales: 13
Price Range: $850,000-$2,900,000
Avg LP/Sq. Ft.: $23
Avg DOM: 119

KAPALUA LAND YTD 2021 YTD 2020 Change 2020 Change
Sales 22 2 1000% 8 175%
Volume $25,680,000 $1,600,000 1505% $13,925,000 84%
Avg LP $1,243,182 $850,000 55% $2,061,250 -40%
Avg SP $1,167,273 $800,000 46% $1,740,625 -33%
SP/LP 95% 94% 1% 89% 7%
Avg SP/Sq. Ft. $15 $11 36% $32 -53%
Avg DOM 173 74 134% 284 -39%

Across the Kapalua Resort, vacant land sales had the most dramatic increase of all, with sales in the new Mahana Estates development picking up.  There are only a handful of undeveloped lots left in Pineapple Hill and Pineapple Hill Estates.

View Kapalua Land for Sale

View all properties for sale in Kapalua

62 Properties Found. Page 1 of 11

This Beautiful Home Features Expansive Ocean An...

NEW Photo of Listing #392959

$2,999,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 0.25 Acres
  • 3,670 ft²

Residential

324 Cook Pine Dr 82, Kapalua, Hawaii

MLS® #392959

Listed By: Island Sotheby's Int'l Rlty(L)

This Beautiful Home Features Expansive Ocean And Island Views. The Owners Have Loved This Location For Its Private Setting And The Tranquil Gardens, Which Feature A Large Pool With A Soothing Waterfall. Since Their Purchase, The Owners Have Lovingly Renovat...

Stunning Ocean And Molokai Views From This Peac...

NEW Photo of Listing #392956

$1,099,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.8 Acres
  • 1,162 ft²

Condominium

100 Ridge Rd 915, Kapalua, Hawaii

MLS® #392956

Listed By: Romvari Realty Ltd.

Stunning Ocean And Molokai Views From This Peaceful, Private Ground Floor End Unit. Enjoy Abundant Natural Light Only An End Unit Affords. This Spacious Floor Plan With Living, Dining, Coverage Lanai And Full Bath Downstairs And Primary Bedroom And Bath Ups...

Views Of Molokai And The Ocean , Can Be Yours I...

Photo of Listing #392912

$1,125,000 Pending - Cont. To Show Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.8 Acres
  • 1,162 ft²

Condominium

100 Ridge Rd 215, Kapalua, Hawaii

MLS® #392912

Listed By: Lowson & Associates

Views Of Molokai And The Ocean , Can Be Yours In This Kapalua Ridge Townhouse Style Condominium. Upper Windows Are Glass For Added Light And Air Flow. Two Full Baths, Large Kitchen, The Lanais Are Facing West Out Of The Wind. Close To The Pool And Own...

Excellent Opportunity To Own A Ground Floor, On...

Photo of Listing #392927

$1,250,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 16.45 Acres
  • 1,206 ft²

Condominium

500 Bay Dr 17-g5, Kapalua, Hawaii

MLS® #392927

Listed By: Hawaii Life (KAP)

Excellent Opportunity To Own A Ground Floor, One-bedroom, Two-bath End Unit With Great Ocean Views At The Prestigious Gated Bay Villas Development In Kapalua Resort. The Bay Villas Common Elements Include 3 Pools And Tennis Courts. Kapalua Resort Offers M...

Rare Opportunity In Kapalua, Maui!!! Brand New ...

Photo of Listing #392877

$549,000 Pending - Cont. To Show Fee Simple

  • 1 Beds
  • 1 Baths
  • 2.21 Acres
  • 631 ft²

Condominium

5510 Lower Honoapiilani Hwy B-17, Kapalua, Hawaii

MLS® #392877

Listed By: Quam Properties Hawaii Inc

Rare Opportunity In Kapalua, Maui!!! Brand New Construction With Impeccable Ocean Views Sitting On The Bluff Overlooking Kapalua Bay Course And Napili Bay. While Enjoying The Wonderful Breezes Coming Off Of The Kapalua Bay Course You Have Great Privacy Whil...

Oceanview 1 Bedroom 2 Bath With Spacious Lanai ...

Photo of Listing #392883

$895,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 15.84 Acres
  • 972 ft²

Condominium

500 Kapalua Dr 20t1-2, Kapalua, Hawaii

MLS® #392883

Listed By: Coldwell Banker Island Prop-KP

Oceanview 1 Bedroom 2 Bath With Spacious Lanai And Conveniently Located Adjacent To The Main Pool At The Kapalua Golf Villas. Street Level Entry And Single Level Floor Plan Makes For Easy Access To The Villa And Steps Away From The Bbq Grills And Pool. Be...

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

 

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