<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.luxuryrealestatemaui.com/blog/tags/kapalua-land-for-sale/rss" rel="self" type="application/rss+xml" />
        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/tags/kapalua-land-for-sale/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-mid-year-market-spotlight-2016.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-mid-year-market-spotlight-2016.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Real Estate: Mid-Year Market Spotlight 2016</title>
    <description> <![CDATA[ 
Kapalua Real Estate: Mid-Year Market Spotlight 2016 Q1-2


The Kapalua Resort offers many options to prospective buyers--everything from condos to homes, and even fractional ownership Residences at Kapalua Bay.  The following is a market overview for each market segment as of this posting with sales statistics through June 30, 2016:


Kapalua Homes:





Active Listings: 25 (up 3 from the first quarter)Price Range: $2,350,000 to $17,600,000Average List Price: $4,825,364Size Range: 3,390 sq. ft. to 8,179 sq. ft.


Pending Sales: 3Price Range: $5,200,000 to $13,200,000Average Listing Price: $8,133,333


Sales Through 2016 Q2: 9Price Range: $2,150,000 to $6,470,000Average Sales Price: $3,376,666


Sales Through 2016 Q2: 8Average Sales Price: 3,195,625


Commentary:  While the first quarter of 2016 sales represented a significant increase in the number of sales over the same period in 2015, as we closed out the second quarter, the number of sales was relatively even and the average sales price had increased by 6: There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates, Kapalua Place, Honolua Ridge and the Plantation Estates.  VIEW ALL KAPALUA HOMES FOR SALE



 


Kapalua Condominiums:





Active Listings: 72Price Range: $649,000 to $8,750,000Average List Price: $1,789,902Size Range: 870 sq. ft. to 4,055 sq. ft.


Pending Sales: 4Price Range: $3,750,000 to $8,650,000Average Listing Price: $1,844,250


Sales Through 2016 Q2: 16Price Range: $650,000 to $4,500,000Average Sales Price: $1,625,586


Sales Through 2015 Q2: 19Price Range:  $650,000 to $4,750,000Average Sales Price: $1,854,157


Commentary: Since the first quarter, the lowest offering in the resort has increased from $595,000 to $649,000.  There are fewer pending sales, however, the sales are all at the upper end of the market, with an increase of the average price from $1,844,250 in the first quarter to $5,312,500 at the time of this post.  While there have been fewer sales recorded through June 30 in 2016 vs. 2015, it should be noted that just one or two sales can change the averages, particularly with high price points at the Montage Kapalua Bay, where there are currently three condominium residences pending sale.  


Condominium neighborhoods in Kapalua include the Coconut Grove, Kapalua Bay Villas, Kapalua Golf Villas, Kapalua Ironwoods, Kapalua Ridge Villas, Montage Residences, Kapalua Bay and the Ritz-Carlton Residences, Kapalua.  VIEW ALL KAPALUA CONDOS FOR SALE



 


Kapalua Fractional (1/12th Ownership):





Active Listings: 26Price Range: $199,000 to $395,000Average List Price: $295,000Size Range: 1,774 sq. ft. to 2,087 sq. ft.


Pending Sales: 0


Sales Through 2016 Q2: 2Price Range:  $225,000 to $395,000Average Sales Price: $310,000


Sales Through 2015 Q2: 3Price Range:  $190,000 to $385,000Average Sales Price: $333,333


Commentary: The fractional market is a new one to Kapalua, with former Ritz-Carlton Club Residences now being sold at the property now known as the Montage Kapalua Bay.  Only 177 fractional interest sold in the original launch, and there are no new developer offerings.  Resales are limited to this original existing ownership group.  VIEW ALL KAPALUA FRACTIONAL LISTINGS FOR SALE


 



Kapalua Vacant Land:





Active Listings: 16Price Range: $792,000 to $1,800,000Average List Price: $1,512,166Size Range: .23 to 15 acres


Pending Sales: 1Price: $795,000


Sales Through 2016 Q2: 2Price Range: $925,000 to $1,450,000Average Sales Price: $1,187,500


Sales Through 2015 Q2: 2Price Range: $1,400,000 to $4,450,000Average Sales Price: $2,950,000


Commentary: Vacant land has been hit hardest in the Kapalua real estate market since the bottom in 2012.  In 2015, there was a significant sale of a lot on the 18th fairway of the Plantation Estates at $4,500,000.  This serves to raise the average sales prices for that year.  It was a premium paid for location and view.  The sales in 2016 have been in the Honolua Ridge development, which has commanded lower resales of late. Land sales have historically lagged behind home sales as they present a longer time investment with regard to planning and building.  Many resort buyers are looking for immediate use (home or a condo).  However, as lot prices are relatively low in Honolua Ridge and there are so few lots left in Pineapple Hill, we are starting to see buyers move into the land market so that they can build exactly what they want in a home. 


There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates, Kapalua Place, (note there is only one undeveloped lot in this oceanfront community) Honolua Ridge and the Plantation Estates.  VIEW ALL KAPALUA LAND FOR SALE.



 


Active Listings and Pending sales are as of the date of this post.  Sales history is through Q2 of 2016.For more information on the Kapalua Resort and the real estate offerings available, please contact me.
 ]]> </description>
    <pubDate>Thu, 18 Aug 2016 18:35:00 -1000</pubDate>
</item>
    </channel>
</rss>