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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/tags/market-statistics/</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/kaanapali-alii-introducing-4-1002.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kaanapali-alii-introducing-4-1002.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kaanapali Alii: Introducing 4-1002</title>
    <description> <![CDATA[ 
The Kaanapali Alii: New Listing and Market Update





The Kaanapali Alii has long been one of Kaanapali's most sought after spots: these spacious condominium residences are situated on the beach in the heart of Kaanapali, close to shops and dining at Whaler's Village and golf at Kaanapali, along with onsite amenities including tennis, a beachfront BBQ pavilion, fitness center, spa and new pool gardens.


Kaanapali Alii 4-1002





Kaanapali Alii 4-1002 Lanai


This one bedroom two bath floor plan features a den, which is utilized as a second sleeping area.  Located on the 10th floor overlooking the tropically landscaped courtyard, 4-1002 is perfectly situated to take advantage of incredible beach and outer island views.  


Kaanapali Alii 4-1002 Interior Views


The lanai, living room, dining room and master bedroom all feature spectacular ocean views.  Renovated in 2012, the kitchen and bathrooms have all been updated, lending a modern feel with an island inspired decor.


Last year, the Alii underwent significant improvements to their plumbing systems and in recent years upgraded the pool and fitness center creating a resort experience on par with neighboring hotels.


This residence is currently in the busy onsite Classic Resorts rental program, which manages rentals for owners who would like to rent when not in residence.


The Kaanapali Alii Market


At the time of this post, the following is a market update including an overview of the current listing market, pending sales and recent Kaanapali Alii sales.  Current Kaanapali Alii Condos for Sale follow at the end of this post or click to view Recent Kaanapali Alii Sales History. For a more up to date market summary, please contact Courtney.


Kaanapali Alii Active ListingsListings:18List Price Range: $1,400,000 to $5,200,000 fee simpleAverage LP: $2,602,708Average LP $/Sq. Ft: $1684/Sq. Ft.Kaanapali Alii Pending SalesListings: 2Kaanapali Alii Sales Since 2016: Listings: 11Sales Price Range: $1,050,000 to $4,600,000 fee simple and leaseholdAverage SP: $1,982,181Average LP $/Sq. Ft: $1313 Sq. Ft.Average DOM: 109Average SP/LP: 92


Note: as one of the sales was leasehold, this would normally occur at a price lower than a fee simple property, which would thereby affect the average Sales Price and Price/Sq. Ft.


 


 


 
 ]]> </description>
    <pubDate>Fri, 09 Dec 2016 12:43:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-update-august-2016.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-update-august-2016.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Real Estate: Residential Market Update September 2016</title>
    <description> <![CDATA[ 
Kapalua Residential Real Estate Market Update




The Kapalua Resort offers many real estate ownership 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 during the time period through today's posting.


Kapalua Homes:




Pineapple Hill and Pineapple Hill EstatesActive Listings: 12Price Range: $2,150,000 to $6,300,000Average List Price: $3,537,791Average LP/Sq. Ft.: $821Average DOM: 258Size Range: 3,522 sq. ft. to 8,172 sq. ft.

Pending Sales: 0


Sales 2016 YTD: 6Price Range: $2,150,000 to $2,700,000Average Sales Price: $2,353,333Average SP/Sq. Ft.: $670Average DOM: 275


Sales 2015 YTD: 7Price Range: $1,975,000 to $3,350,000Average Sales Price: $2,482,857Average SP/Sq. Ft.: $623Average DOM: 305


Honolua RidgeActive Listings: 2Price Range: $4,395,000 to $4,995,000Average List Price: $4,695,000Average LP/Sq. Ft.: $849Average DOM: 233Size Range: 4,574 sq. ft. to 6,248 sq. ft.


Pending Sales: 0


Sales 2016 YTD: 2Price Range: $4,850,000 to $4,950,000Average Sales Price: $4,900,000Average SP/Sq. Ft.: $920Average DOM: 271


Sales 2015 YTD: 1Price: $3,495,000Average SP/Sq. Ft.: $876Average DOM: 174


Plantation EstatesActive Listings: 7Price Range: $5,250,000 to $6,995,000Average List Price: $5,953,571Average LP/Sq. Ft.: $1,072Average DOM: 133Size Range: 4,118 sq. ft. to 8,179 sq. ft.


Pending Sales: 2Price Range: $5,200,000 to $6,000,000Average List Price: $5,600,000Average LP/Sq. Ft.: $697Average DOM: 269


Sales 2016 YTD: 1Price: $6,470,000Average SP/Sq. Ft.: $863Average DOM: 44


Sales 2015 YTD: 2Price Range: $3,575,000 to $5,700,000Average Sales Price: $4,637,500Average SP/Sq. Ft.: $920Average DOM: 771


Kapalua PlaceActive Listings: 1Price Range: $17,600,000LP/Sq. Ft.: $2,355Average DOM: 225Size Range: 7,475 sq. ft.


Oceanfront Private PointSold: 1Price: $9,500,000SP/Sq. Ft.: $2,367DOM: 200


Commentary: The broad range in prices (both active and sales) are reflective of several factors, not limited to neighborhood (each has its own set lot size ranges), proximity to the ocean, view and age of the home.


The homes in Pineapple Hill Phase I are limited to six footprints, and can range in age from 1989 to present day construction, and some homes are situated on more than one lot, which allows for a custom home.  Pineapple Hill Estates lots are larger, and as the development was released in 2003, construction is, on average, newer.  There are not the same floor plan limitations, though all must be single story with the exception of the top row. 


Kapalua Place is the only beachfront residential community in Kapalua and offers just five oceanfront parcels in a community of eight residential lots.  


Plantation Estates predates Honolua Ridge, which is actually annexed into the Plantation Estates Lot Owner's Association.  Lots in Plantation Estates are a minimum of two acres, and have the advantage of being located on and around the Plantation Golf Course.  Lot sizes in Honolua Ridge can be significantly larger (ranging upward to 30 acres).  Please contact me with any questions regarding the Kapalua Residential Real Estate Market. 


Overall 2016 YTD vs 2015 YTD:There were the same number of homes sold (10).  Sales volume was up 33, and the Average Sale Price was also up (+33). Median Sale Price was down (-8).  The inventory of homes actively listed for sale in Kapalua is up slightly at 7.

View Current Kapalua Homes for Sale

 


 


 ]]> </description>
    <pubDate>Wed, 14 Sep 2016 21:13:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-spotlight.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-spotlight.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Real Estate: Market Spotlight</title>
    <description> <![CDATA[ 
Kapalua Real Estate: Market Spotlight 2016 Q-1


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:


Kapalua Homes:





Active Listings: 22Price Range: $2,495,000 to $20,880,000Average List Price: $6,53,790Size Range: 3,522 sq. ft. to 12,072 sq. ft.


Pending Sales: 4Price Range: $2,495,000 to $6,500,000Average Listing Price: $3,621,250


Sales YTD: 5Price Range: $2,150,000 to $4,950,000Average Sales Price: $3,370,000


Sales 2015 YTD: 1Price: 3,196,000


Commentary: There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates, Kapalua Place, Honolua Ridge and the Plantation Estates.   2016 sales represent a significant increase in the number of sales over the same period last year: VIEW ALL KAPALUA HOMES FOR SALE.


Kapalua Condominiums:





Active Listings: 71Price Range: $595,000 to $8,750,000Average List Price: $1,620,105Size Range: 870 sq. ft. to 4,055 sq. ft.


Pending Sales: 8Price Range: $760,000 to $4,500,000Average Listing Price: $1,844,250


Sales YTD: 5Price Range: $650,000 to $3,125,000Average Sales Price: $1,302,076


Commentary: Sales 2015 YTD: 9Price Range:  $660,000 to $4,600,000Average Sales Price: $1,961,333


Properties are spending a little less time on the market (231 vs. 282 days), however, there have been less sales and a decline in average sales price.  It should be noted that just one or two sales can change the averages, particularly with high price points at the Montage Kapalua Bay. It may also be that some potential condo buyers elected to purchase homes instead, causing a bump in residential sales which are perceived as good values relative to some of the pricier condominiums.  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: 22Price Range: $199,000 to $395,000Average List Price: $296,045Size Range: 1,774 sq. ft. to 2,087 sq. ft.


Pending Sales: 0


Sales YTD: 1Price: $225,000


Commentary: Sales 2015 YTD: 2Price Range:  $190,000 to $225,000Average Sales Price: $207,500


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: 12Price Range: $835,000 to $3,000,000Average List Price: $1,512,166Size Range: .23 to 15 acres


Pending Sales: 0


Sales YTD: 2Price Range: $925,000 to $1,450,000Average Sales Price: $1,187,500


Commentary: Sales 2015 YTD: 0


Commentary: Vacant land has been hit hardest in the Kapalua real estate market since the bottom in 2012.  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 ease of use, like a home or a condo.  However, when home prices are high and land prices low, you do 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.


 
 ]]> </description>
    <pubDate>Sun, 03 Apr 2016 13:46:00 -1000</pubDate>
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