The Kapalua Resort: Market Update
June 1, 2021
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
NEW 
$5,300,000 Active Fee Simple
-
3
Beds
-
2½
Baths
-
0.47
Acres
-
4,504
ft²
Residential
112 Pulelehua St, Kapalua, HI
MLS® #407964
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1163
Welcome To 112 Pulelehua Street, An Exceptional Single-level Residence In The Gated Pineapple Hill Ii Community Of Kapalua Resort. Positioned On A Half-acre On The Kapalua Bay Course Overlooking The Pacific Ocean, This Redesigned 3-bedroom, 2.5-bathroom Hom...
NEW
$1,295,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,125
ft²
Residential
100 Ridge Rd 1614, Kapalua, HI
MLS® #407924
Listed By: Ridge Realty Rentals LLC
Kapalua Ridge Villa 1614. 1b/2b Ocean-view Gold-level Remodel Offered Turn-key, Furnished. Trade Winter Misery For Permanent Summer–starting Today. No More Parkas, Scrapers, Shoveling At 5 A.m., Or White-knuckle Commutes On Black Ice. Here, Your Biggest Mor...
NEW
$1,950,000 Active Fee Simple
-
3
Beds
-
3
Baths
-
15.84
Acres
-
1,661
ft²
Residential
500 Kapalua Dr 25t3, Kapalua, HI
MLS® #407912
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-446-5841
Your Dream Home Awaits You In The Majestic Kapalua Resort Area At Kapalua Golf Villas. Unit 25t3 Is A Rare 3 Bedroom Unit At The Golf Villas. The Peaceful Setting And Spacious Floor Plan Is A Perfect Gathering Place For Your Friends And Family. Imagine Waki...
$6,398,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
9.19
Acres
-
1,935
ft²
Residential
22 Ironwood Ln 22, Kapalua, HI
MLS® #407889
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
Simply Bring Your Toothbrush & Embrace The Finest In Tropical Luxury Island Living In Kapalua, West Maui. Offering Two Bedrooms, 2 Bathrooms, And A Flex Room/den, This Spacious Beachfront Property At Ironwoods 22 Provides Breathtaking Ocean Views Throughout...
$1,395,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,162
ft²
Residential
100 Ridge Rd 2915, Kapalua, HI
MLS® #407900
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Spectacular 240-degree Ocean Views From The Minute You Enter This Unit. Kapalua Ridge Villa 2915 Has A Full View Of The Island Of Molokai, All The Way To The Waves Of Honolua Bay And Lipoa Point, As Well As The Verdant Hills Of Plantation Estates. It Is Ver...
$1,585,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
15.84
Acres
-
1,344
ft²
Residential
500 Kapalua Dr 16p5-6, Kapalua, HI
MLS® #407846
Listed By: eXp Realty
Office Contact: Cell: 808-222-0478
Welcome To Kapalua Golf Villas, Where This Updated 2 Bedroom, 2 Bath Condo Combines Comfort, Quality, And Island Living At Its Best. Set Along The Kapalua Bay Course, The Villa Offers Peaceful Golf Course Views And A Flexible Floor Plan That Allows For Sepa...
