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
$1,995,000 Pending Fee Simple
-
3
Beds
-
3
Baths
-
15.84
Acres
-
1,750
ft²
Residential
500 Kapalua Dr 11t5, Kapalua, HI
MLS® #406650
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Experience The Unparalleled Charm Of This One-of-a-kind 3-bedroom Kapalua Golf Villa. This Rare 1,750 Sf 3-bed, 3-bath Unit With Street-level Entrance Has Undergone A Complete Remodel Featuring Fire Sprinklers For Added Safety. Enjoy Spacious En Suite Bedro...
$2,350,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
21.8
Acres
-
2,007
ft²
Residential
100 Ridge Rd 2221-22, Kapalua, HI
MLS® #405799
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1163
Breathtaking Panoramic Ocean Views Await At This Premier Kapalua Ridge Villa Location! This Stunning 2 Bedroom, 3 Bath Top-floor Residence Showcases Expansive Vistas Of The Deep Blue Pacific Where You Can Watch Whales Breach And Waves Lap The Shoreline Of N...
$6,750,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
21
Acres
-
2,789
ft²
Residential
1 Bay Dr 1204, Kapalua, HI
MLS® #406018
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-283-3436
This Exquisitely Furnished Residence Offers Luxury Resort-style Living, Elevating The Experience Of Coastal Elegance To New Heights. With Direct Oceanfront Access And A Walkout To A Tropical, Grassy Lawn Area, This Second-floor Elevation Home Presents An In...
$1,500,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
15.84
Acres
-
1,344
ft²
Residential
500 Kapalua Dr 22p3-4, Kapalua, HI
MLS® #405780
Listed By: Lowson & Associates
Office Contact: laurie@lowson.com
Expansive, Panoramic Ocean View From This Recently Painted, Large Two Bedroom, Two Bath Kapalua Golf Villa. Expanded Dining Area, Extended Kitchen With Pantry And Induction Cooktop. Recently Replaced A/c's And Water Heater. Sold Furnished With Artwork And A...
$3,900,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
0.25
Acres
-
3,674
ft²
Residential
212 Crestview Rd, Kapalua, HI
MLS® #406358
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-298-3498
Big Time Views At The Top Of Pineapple Hill Set Within The Gated Pineapple Hill Subdivision, 212 Crestview Road Residence Features A 3,674 Square Foot 3 Bedroom, 3 And A Half Bath Home On A 10,987 Square Foot Lot With Commanding Views From The Top Row In P...
$1,995,000 Active Fee Simple
Land
98 Keoawa Pl 8, Kapalua, HI
MLS® #404507
Listed By: Maui Life Realty
Office Contact: Cell: 808-670-3520
Welcome To 98 Keoawa Street, A Truly Exceptional Opportunity For You To Build Your Dream Estate In The Prestigious Gated Community Of Honolua Ridge. This 4.28-acre Estate Lot Offers You Unparalleled Privacy, Breathtaking Ocean Views, And A Canvas To Create ...
