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
REDUCED 3%
$1,595,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,150
ft²
Residential
100 Ridge Rd, Unit 2223, Kapalua, HI
MLS® #401043
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Rare, Highly Desirable One-bedroom Town-home Style Ridge Unit With 1,150 Square Feet Of Living Space In A Prime Location. Boasting Terrific, Almost 270-degree Ocean Views From Both The First Level And From Primary Suite Located On The Second Level. The Ridg...
$5,900,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
0.23
Acres
-
3,038
ft²
Residential
110 Woodrose Pl, Unit Lot 94, Kapalua, HI
MLS® #401002
Listed By: Island Sotheby's Int'l Rlty(L)
Office Contact: Cell: 808-298-3498
Set Within The Gated Pineapple Hill Subdivision In The Kapalua Resort, 110 Woodrose Place Features A 3,038 Square Foot 3 Bedroom, 3 And A Half Bath Home On A Lot Of 9,963 Square Feet. Attention To Detail And Quality Of Finishes Is Evident Throughout This F...
REDUCED 8%
$6,775,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
21
Acres
-
2,789
ft²
Residential
1 Bay Dr, Unit 2504, Kapalua, HI
MLS® #401006
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
The Montage Residences Kapalua Bay Is Nestled Along The Shoreline Overlooking One Of Maui’s Most Popular Beaches, Kapalua Bay. This Stunning Condominium Residence Enjoys A Desirable Upper-level Location That Opens To Panoramic Ocean Views Of The Pacific Oc...
$1,995,000 Active Fee Simple
Land
230 Crestview Rd, Unit 15, Kapalua, HI
MLS® #401010
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
230 Crestview Road Is One Of The Few Remaining Undeveloped Lots In Pineapple Hill Estates, Kapalua Resort's Prestigious Gated Residential Community. This Estate Site Offers Magnificent Ocean And Neighbor Island Views. Plans And Approved Building Permits Are...
$2,595,000 Pending Fee Simple
-
2
Beds
-
3
Baths
-
21.08
Acres
-
1,778
ft²
Residential
100 Ridge Rd, Unit 1714, Kapalua, HI
MLS® #401005
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-280-2255
Relax And Enjoy Hours Of Whale Watching In The Breath Taking Beauty Of This North Facing Ocean And Golf Course View 2 Bedroom, 3 Bath Villa. Expansive Views Looking Out To Honolua Bay And Overlooking The 1st Green And Fairway Of The Kapalua Bay Course And U...
$5,995,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
0.23
Acres
-
4,574
ft²
Residential
1008 Sunset Pl, Kapalua, HI
MLS® #400951
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Located At The End Of A Cul De Sac In Kapalua Resort’s Prestigious Gated Community, Pineapple Hill, Is A Beautiful, Two-level Residence With Fabulous Ocean, Sunset And Neighboring Island Views. The Ground Level Features The Great Room, Formal Dining Area, K...