Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes:

"U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.

New Listings increased 41.7 percent for Single Family homes and 10.2 percent for Condominium homes. Pending Sales increased 35.6 percent for Single Family homes

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes:

"U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. Most of this period’s closed sales went under contract in October, when mortgage rates were at a two-decade high. With rates having dropped more than a full percentage point since then, existing-home sales may continue to pick up in the months ahead.

New Listings decreased 19.0 percent

KAPALUA MARKET UPDATE: 2023 Year in Review

Photo of the Montage Kapalua Bay: Montage Residences 3704 is currently listed for sale
Image by HiFocused

Kapalua Condominiums:  2023 in Review

The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. 

Kapalua Resort Condo Market*

Once in a Blue Moon: Introducing Napili Kai | Puna 211

The Napili Kai has been one of Maui's most loved resorts since its inception in the 1960's.  Comprised of three separate condominiums (Puna Point, Puna Point II and Napili Lani), these residences are highly desirable and seldom come to market.   Napili Kai is known for its low-key charm and incredible location on the beautiful bay at Napili.

This property was listed and received an accepted offer in just eight days.  

How have Napili Bay Condo Sales been?

Market Update and Sales Overview for 2018-Present for condominium properties located on the coast.

Hale Napili Condos for Sale

KAPALUA MARKET UPDATE: Activity through Q3 | 2023 

Kapalua Condominiums:  Market Update through Q3 | 2023

The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. 

Kapalua Resort Condo Market*

Discover Launiupoko

Nestled on the picturesque slopes of West Maui, Launiupoko is a hidden gem that offers a serene escape. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. 

In Launiupoko, you will note the presense of many CPR "Condominium Property Regime" Properties.  The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot).  There can be additional "condominiums" which are for ag use only.  Read More about CPRs

Maui County Real Estate Market Report: October 2023

The latest statistics from the Realtors® Association of Maui for October 2023 paint a dynamic picture of the real estate landscape in Maui County. Here's a breakdown of what's happening in the homes, condos, and land markets.

Maui Homes Sales

The number of homes sold saw a decrease, with 48 units sold which is a 39.2% drop from 2022. Despite the slowdown in sales, the median price of homes has risen to $1,269,025, marking an 18% increase from the previous year. Interestingly, homes spent fewer days on the market, averaging 129 days, which is an 8.5% decrease from 2022. However, the total dollar volume of sales significantly declined by 44.8% to $79,995,459 as inventory remains low.

Maui Condo

WAILEA CONDOMINIUM MARKET UPDATE: Q2 2023 

Wailea Resort Condominiums

Wailea Condominiums

Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center.

Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena

KAANAPALI CONDOMINIUM MARKET UPDATE: Q2 2023 

Kaanapali Resort Condominiums

Kaanapali Condominiums

Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.

KAPALUA MARKET UPDATE: Second Quarter 2023

The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua

KAPALUA RESIDENTIAL & VACANT LAND MARKET UPDATE

Kapalua's Residential Communities

Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place.  There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.

In the first two quarters of 2023, there were five home sales: