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
$1,799,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
15.84
Acres
-
1,344
ft²
Residential
500 Kapalua Dr, Unit 27p7-8, Kapalua, HI
MLS® #404523
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-276-7766
Imagine Time Well Spent In This Picturesque Setting In Your 2 Two-bedroom/ 2 Bathroom Villa With A Refined Design. Impressive Furniture And Finishes For Those That Appreciate High End Quality. Enjoy The Kapalua Lifestyle And Experience The Amazing Restauran...
$3,800,000 Active Fee Simple
-
2
Beds
-
2½
Baths
-
21
Acres
-
1,774
ft²
Residential
1 Bay Dr, Unit 4304, Kapalua, HI
MLS® #404454
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Discover Unparalleled Luxury At The Montage Kapalua Bay. This Spacious Two Bedroom Residence Features Ocean Views From The Living Room And Both Bedroom Suites, As Well As A Generous Lanai, Perfect For Watching Maui’s Exceptional Sunsets. Located Oceanfron...
$2,900,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
16.45
Acres
-
1,447
ft²
Residential
500 Bay Dr, Unit 28b2, Kapalua, HI
MLS® #404285
Listed By: Real Broker LLC
Office Contact: hawaiisbest1@gmail.com
Get Ready To Fall In Love! This Direct Oceanfront Condominium At The Exclusive Kapalua Bay Villas Is More Than Just A Home—it's A Front-row Seat To The Stunning Beauty Of Maui, Hawaii. Whether You're Sipping Your Morning Coffee Or Unwinding At Sunset, The B...
$3,200,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
16.45
Acres
-
1,503
ft²
Residential
500 Bay Dr, Unit 23b3, Kapalua, HI
MLS® #404203
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Located Along The Kapalua Coast, This Oceanfront Bay Villa Features Breathtaking, Unobstructed Views Of The Pacific Ocean, Molokai, And The Dramatic Coastline. With No Stairs To Access, This Is A Rare Single-level, Two-bedroom Villa--one Of Only Six Located...
$3,200,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
2.15
Acres
-
1,333
ft²
Residential
1 Ritz Carlton Dr, Unit 1714-16, Kapalua, HI
MLS® #404140
Listed By: Seven Signatures International
Ritz Carlton Kapalua 2 Bedroom, 2 Bath Luxury Suite. Appliances Include Sub-zero Refrigerator/freezer And Sub-zero Wine Cooler. Enjoy Your Vacations At This 5 Star Ritz Carlton Resort And Rent When You're Not In Residence. Lock-off Capability Gives The Flex...
$1,645,000 Active Fee Simple
-
1
Beds
-
1
Baths
-
2.15
Acres
-
878
ft²
Residential
1 Ritz Carlton Dr, Unit 1712, Kapalua, HI
MLS® #404108
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Discover Unparalleled Elegance In This Exquisite 1-bedroom Condominium At The Ritz Carlton Kapalua Residences. Designed For Those Who Seek The Ultimate In Luxury And Convenience, This Property Offers A Island Lifestyle With World-class Amenities At Your Fin...
