Maui Real Estate & Lifestyle News

Maui Real Estate Statistics: February, 2025

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 06 Mar 2025 15:42:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. The Maui Real Estate Report for the second month of 2025 notes: U.S. existing-home sales fell for the first time since September, slipping 4.9 month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2 compared to the same period last year, marking the fourth consecutive monthly year-over-year increase. New Listings increased 4.3 percent for Single Family homes but decreased 7.8 percent for Condominium homes. Pending Sales decreased 11.3 percent for Single Family homes and 38.7 percent for Condominium homes. Inventory increased 58.0 percent for Single Family homes and 97.9 percent for Condominium homes. Median Sales Price increased 9.7 percent to $1,395,319 for Single Family homes and 27.7 percent to $945,000 for Condominium homes. Days on Market decreased 3.1 percent for Single Family homes but increased 85.9 percent for Condominium homes. Months Supply of Inventory increased 71.4 percent for Single Family homes and 167.3 percent for Condominium homes. The limited number of properties for sale has continued to push home prices higher nationwide. At last measure, the national median existinghome price was $396,900, a 4.8 increase from one year earlier, with prices up in all four regions, according to NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million units, up 3.5 monthover-month and 16.8 year-over-year, for a 3.5-month supply at the current sales pace. MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES* Active Listings (up since last month): 377 homes from $250,000 for a home in Kula with a life estate deed to $75,000,000 for Hana Ranch, followed by $65,000,000 for a home for sale in on Keawakapu Beach Pending: 115 homes from $583,000 for a home in Wailuku to $8,600,000 for a home in Mahana Estates in Kapalua.Sold (2025): 108 homes from $500,000 for a home in Hawaiian Homelands in Kula to $14,470,000 for a home in One Palauea Bay. The median sale price is $1,300,500 and the average is $1,823,027 MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings (up since last month): 781 condos listed from $175,000 for a condo in Kahului to $16,500,000 for a condominium residence at Wailea PointPending: 88 condos pending, ranging from $249,000 for a condo in Honokowai to $13,900,000 condo at Wailea Point.Sold (2025): 112 condos sold, ranging from $190,000 for a condo in Kahului to $5,500,000 for a condo at the Ironwoods in Kapalua. This continued increase in listing inventory is likely affected to the proposed changes to Maui County's Short Term Rental rules and regulations. MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings (up since last month): 139 parcels from $299,000 in Pukalani to $38,000,000 for 9 lots covering 258 acres up in Makawao,Pending: 27 lots from $299,000 in Hana to $10,500,000 for a 5 parcels sold together totaling 40.25 Upcountry Sold (2025): 19 parcels which sold anywhere from $20,000 for a driveway lot in West Maui to $10,900,000 for a Kaanapali beachfront lot located on Kai Ala Place. *Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County. This data is taken from the MLS on the date of this post was written, 3/6/25 Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Maui Real Estate Statistics: October, 2024

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 07 Nov 2024 11:57:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. The October MAUI Real Estate Statistics report notes: U.S. existing-home sales unexpectedly slipped 1.0 month-over-month and 3.5 year-over-year to a seasonally adjusted annual rate of 3.84 million, the lowest level in more than a decade, according to the National Association of REATORS® (NAR). Prospective buyers have pulled back in recent months, despite lower mortgage rates and more home choices compared to the same time last year. New Listings decreased 4.8 percent for Single Family homes but increased 13.0 percent for Condominium homes. Pending Sales increased 24.0 percent for Single Family homes and 3.1 percent for Condominium homes. Inventory increased 36.2 percent for Single Family homes and 168.1 percent for Condominium homes. Median Sales Price increased 2.4 percent to $1,300,000 for Single Family homes and 9.2 percent to $892,500 for Condominium homes. Days on Market decreased 1.6 percent for Single Family homes but increased 24.8 percent for Condominium homes. Months Supply of Inventory increased 30.0 percent for Single Family homes and 200.0 percent for Condominium homes. There were 1.39 million homes for sale heading into October, a 1.5 increase from the previous month and a 23 increase from the same period last year, for a 4.3-month supply at the current sales pace, according to NAR. Even with improving supply and the slower sales pace, home prices have continued to rise nationwide, with NAR reporting a median existing-home price of $404,500 as of last measure, a 3 increase from one year ago. MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES* Active Listings: 319 homes from $100,000 for a court ordered home for sale in Kula to $75,000,000 for Hana Ranch, followed by $25,000,000 for a home for sale in Wailea. Pending: 125 homes from $500,000 Leasehold for a home in Hawaiian Home Lands to $9,975,000 for a home in Kula.Sold (2024): 602 homes from $405,000 in Haiku to $38,500,000 for a home in Maluhia MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 655 condos listed from $193,000 for a condo in Kahului to $17,500,000 for a condominium residence at Wailea PointPending: 109 condos pending, ranging from $175,000 Leasehold for a condo in Honokowai to $3,600,000 condo at Kaanapali Alii and a condo at Kai Malu.Sold (2024): 735 condos sold, ranging from $95,000 to $22,000,000 for a condo at Discovery's Makena Golf and Beach Club. This continued increase in listing inventory and leveling off in pending sales is likely attributable to theproposed changes to Maui County's Short Term Rental rules and regulations. MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 130 parcels from $325,000 in Kahului to $12,500,000 for a home site in MakenaPending: 27 lots from $299,000 in Hana to $7,000,000 for a parcel in KulaSold (2024): 150 lots from $175,000 in Haiku to two parcels each selling at $11,700,000 as part of Discovery's Makena Golf and Beach Club. *Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County. This data is taken from the MLS on the date of this post, 11/7/24 Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Maui's Resort Areas: a Nine Month Review of the Market

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 10 May 2024 17:47:00 -1000

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023. Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the hardest, with number of sales down -66 and dollar volume down 49. with uncertainty regarding the future of Short Term Rentals in the apartment zone, we are seeing more sales at hotel-zoned properties. Kaanapali has more hotel-zoned properties (like Honua Kai, Whaler, Alii, and Mahana) at lower prices than Kapalua, which has the Montage Residences, Kapalua Bay and the Ritz-Carlton, Kapalua, which command higher sales prices. However, while it appears that condo sales are up in Wailea & Makena, and subsequently, South Maui, they are actually down -19 if you remove the new developer sales. It's important to note that two developments began closing in 2022-2023 (Paradise Ridge in Kihei and Makena Golf & Beach Club). In 2023-204, we continued to see new sales recording at Makena Golf & Beach Club and at Lai Loa. In the last 9 months, there were 55 sales at Lai Loa and 13 at Makena GBC. This amounts to 60 of the Wailea/Makena condo sales. The low sales price was $1,519,250 and the high was $13,000,000. The total sales volume at these two complexes was $291,586,280 or 60 of the total dollar volume. It also impacts stats such as days on market, as they typically will go under contract pre-construction. That is why the average days on market for this period for all of Wailea/Makena is 620, but if the new development is removed, it is actually 95. It is also important to note where we are seeing the majority of the sales activity. In the last nine months, the bulk of the condo sales (96) in West Maui are under $3,000,000. In fact, 62 were under $1M, 29 from $1-2M, and 5 from $2-3M. In West Maui, there was only one sale over $5M, a Montage Residence at Kapalua Bay that closed at $12M In South Maui those stats are a bit different due to the new developments, with 88 under $3M and 12 from $3-13M. I expect we may see a slowing of sales in the condominium market in the next quarter, particularly in those areas not zoned hotel, on the heels of the Mayor's announcement of a bill to phase out short term rentals in apartment zones. This affects more than 7000 properties that currently rent legally under Chapter 19.12.020 of the County Code. Read More about the proposed legislation that is impacting Maui's Short Term Rentals Volume () of Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui 657 610 -7 West Maui 273 188 -31 South Maui 384 422 10 Maalaea 33 27 -18 Kihei 286 279 -2 Wailea Makena 65 116 78 Wailea (exclude new dev) 57 46 -19 Lahaina 56 2 -96 Kaanapali 62 59 -5 Napili/Kahana/Honokowai 126 117 -7 Kapalua 29 10 -66 Volume ($) Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $807,171,395 $964,984,382 20 West Maui $313,600,610 $214,749,408 -32 South Maui $493,570,785 $732,114,974 48 Maalaea $23,137,500 $20,138,580 -13 Kihei $245,201,236 $257,362,116 5 Wailea Makena $225,232,049 $454,614,278 102 Wailea (exclude new dev) $135,857,149 $163,027,998 20 Lahaina $59,165,500 $235,000 -100 Kaanapali $94,589,500 $96,732,250 2 Napili/Kahana/Honokowai $96,646,610 $85,785,158 -11 Kapalua $63,199,000 $31,997,000 -49 Median Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $852,500 $915,000 7 West Maui $885,000 $827,500 -6 South Maui $831,250 $959,500 15 Maalaea $709,000 $701,000 -1 Kihei $794,000 $800,000 1 Wailea Makena $2,050,000 $2,662,275 30 Wailea (exclude new dev) $1,795,000 $2,800,000 56 Lahaina $850,000 $117,500 -86 Kaanapali $1,346,250 $1,500,000 11 Napili/Kahana/Honokowai $755,000 $689,000 -9 Kapalua $1,675,000 $2,297,500 37 Low Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM * $160,000 $95,000 -41 West Maui * $160,000 $95,000 -41 South Maui *** $345,000 $239,000 49 Maalaea *** $390,000 $326,000 -16 Kihei ** $390,000 $239,000 -39 Wailea Makena $1,095,000 $999,999 -9 Wailea (exclude new dev) $1,095,000 $999,999 -9 Lahaina* $330,000 $95,000 -71 Kaanapali *** $380,000 $475,000 25 Napili/Kahana/Honokowai *** $160,000 $210,000 31 Kapalua $655,000 $750,000 15 High Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $13,000,000 $13,000,000 0 West Maui $6,250,000 $12,000,000 92 South Maui $13,000,000 $13,000,000 0 Maalaea $1,225,000 $1,350,000 10 Kihei $2,400,000 $2,400,000 0 Wailea Makena $13,000,000 $13,000,000 0 Wailea (exclude new dev) $11,575,000 $11,750,000 2 Lahaina $4,875,000 $140,000 -97 Kaanapali $5,525,000 $4,625,000 -16 Napili/Kahana/Honokowai $2,300,000 $1,950,000 -15 Kapalua $6,250,000 $12,000,000 92 Avg Days on Market Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 121 187 55 West Maui 94 97 3 South Maui 141 227 61 Maalaea 66 64 -3 Kihei 145 79 -46 Wailea Makena 161 620 285 Wailea (exclude new dev) 96 95 -1 Lahaina 73 85 16 Kaanapali 62 102 65 Napili/Kahana/Honokowai 88 92 5 Kapalua 140 127 -9 Condo Sales by Price Range of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 159 116 -27 $1,000,001-2,000,000 88 55 -38 $2,000,001-3,000,000 17 10 -41 $3,000,001-4,000,000 2 3 50 $4,000,001-5,000,000 4 3 -25 $5,000,001-6,000,000 2 0 -100 $6,000,001-7,000,000 1 0 -100 $7,000,001-8,000,000 0 0 -- $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 0 0 -- $10,000,001+ 0 1 100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 254 229 -10 $1,000,001-2,000,000 90 103 14 $2,000,001-3,000,000 22 40 82 $3,000,001-4,000,000 2 22 1000 $4,000,001-5,000,000 5 5 0 $5,000,001-6,000,000 1 2 100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 0 3 300 $8,000,001-9,000,000 0 1 100 $9,000,001-10,000,000 1 5 400 $10,000,001+ 8 9 13 West and South Maui: Home Sales In West Maui, 73 of the home sales were under $3M, with the largest percentage in the $1-2M range. In South Maui, the figure was higher for homes under $3M at 84. That said in West Maui, there were only 3 sales over $5M and in South Maui, there were 9 sales over $5M. It is not surprising to see sales in the lower end of the market, as some of those who received insurance payouts opted to relocate. Lower priced inventory was harder to come by and home sales ( of Sales) was down everywhere except Wailea and Makena, where sales were up 11. In terms of Volume of sales ($) both Wailea and Makena were up, as was Napili/Kahana/Honokowai, which has more affordable housing than the resort areas of Kaanapali and Kapalua. It should be noted that Lahaina also includes the areas of Launiupoko and Olowalu. The sales in Lahaina these last nine months, were largely in Launiupoko (15), though there were 2 sales up in Kelawea which were out of the burn zone. Volume () of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 196 163 -17 West Maui 79 55 -30 South Maui 117 108 -8 Maalaea 0 1 100 Kihei & Maui Meadows 86 87 1 Wailea Makena 18 20 11 Launiupoko 14 13 -7 Lahaina 38 17 -55 Kaanapali 11 11 0 Napili/Kahana/Honokowai 23 23 0 Kapalua 6 4 -33 Volume ($) of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $514,413,413 $389,186,422 -24 West Maui $229,264,222 $141,335,466 -38 South Maui $285,149,191 $247,850,956 -13 Maalaea $0 $2,933,006 -- Kihei & Maui Meadows $110,807,700 $135,060,000 22 Wailea Makena $142,618,491 $109,857,950 -23 Launiupoko $69,803,758 $42,314,500 -39 Lahaina $106,818,723 $47,880,250 -55 Kaanapali $50,390,000 $36,555,000 -27 Napili/Kahana/Honokowai $33,130,499 $37,300,216 13 Kapalua $36,825,000 $19,600,000 -47 Median Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $1,410,000 $1,695,000 20 West Maui $1,800,000 $2,000,000 11 South Maui $1,250,000 $1,482,500 19 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,095,000 $1,375,000 26 Wailea Makena $4,781,000 $3,745,000 -22 Launiupoko $3,950,000 $3,087,000 -22 Lahaina $1,665,000 $2,995,000 80 Kaanapali $2,850,000 $2,700,000 -5 Napili/Kahana/Honokowai $1,529,000 $1,690,000 11 Kapalua $5,787,500 $5,000,000 -14 Average Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $2,624,598 $2,387,646 -9 West Maui $2,902,078 $2,569,735 -11 South Maui $2,437,172 $2,294,916 -6 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,288,461 $1,552,413 20 Wailea Makena $7,923,249 $5,492,897 -31 Launiupoko $4,985,982 $3,254,961 -35 Lahaina $2,811,019 $2,816,485 0 Kaanapali $4,580,909 $3,323,181 -27 Napili/Kahana/Honokowai $1,440,456 $1,621,748 13 Kapalua $6,137,500 $4,900,000 -20 Low Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $450,000 $693,500 54 West Maui $450,000 $750,000 67 South Maui $450,000 $693,500 54 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $450,000 $693,500 54 Wailea Makena $2,200,000 $1,930,000 -12 Launiupoko $1,680,000 $1,600,000 -5 Lahaina $450,000 $855,750 90 Kaanapali $1,900,000 $1,860,000 -2 Napili/Kahana/Honokowai $700,000 $750,000 7 Kapalua $4,150,000 $3,150,000 -24 High Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $32,673,491 $18,500,000 -43 West Maui $20,750,000 $6,450,000 -69 South Maui $32,673,491 $18,500,000 -43 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $10,000,000 $4,000,000 -60 Wailea Makena $32,673,491 $18,500,000 -43 Launiupoko $9,750,000 $5,000,000 -49 Lahaina $9,750,000 $5,000,000 -49 Kaanapali $20,750,000 $5,350,000 -74 Napili/Kahana/Honokowai $2,450,000 $2,150,000 -12 Kapalua $7,900,000 $6,450,000 -18 Average Days on Market: Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 119 110 -8 West Maui 126 132 5 South Maui 115 99 -14 Maalaea NA 0 -- Kihei & Maui Meadows 117 92 -21 Wailea Makena 119 134 13 Launiupoko 154 175 14 Lahaina 127 163 28 Kaanapali 170 155 -9 Napili/Kahana/Honokowai 91 84 -8 Kapalua 159 216 36 Homes of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 12 4 -67 $1,000,001-2,000,000 35 24 -31 $2,000,001-3,000,000 9 12 33 $3,000,001-4,000,000 8 6 -25 $4,000,001-5,000,000 1 6 500 $5,000,001-6,000,000 5 2 -60 $6,000,001-7,000,000 1 1 0 $7,000,001-8,000,000 3 0 -100 $8,000,001-9,000,000 3 0 -100 $9,000,001-10,000,000 1 0 -100 $10,000,001+ 1 0 -100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 32 16 -50 $1,000,001-2,000,000 56 56 0 $2,000,001-3,000,000 12 21 75 $3,000,001-4,000,000 6 6 0 $4,000,001-5,000,000 1 3 200 $5,000,001-6,000,000 3 0 -100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 1 0 -100 $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 1 3 200 $10,000,001+ 4 3 -25 Note: This information is taken from the Maui MLS as of 5/10/24. While care is taken to compile this information, it is not guaranteed and subject to change and some information may be entered at a later date. Any interested party should do their own due diligence. These are small statistical samples and can swing wildly by a low or high sale. If you have questions, please contact Courtney.

Wailea Condominium Market Update: Q1 2024

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 11 Apr 2024 11:11:00 -1000

WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024 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 WAILEA & MAKENA CONDO SALES Q1 2024 2023 2022 2021 2020 2019 Number of Sales 43 112 130 315 144 140 Volume $138,202,749 $424,827,928 $359,939,459 $673,905,402 $321,397,970 $268,736,001 Low Sales Price $999,999 $1,050,000 $650,000 $375,000* $683,550 $599,000 High Sales Price $10,000,000 $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000 Median $2,690,000 $2,427,050 $1,757,500 $1,550,000 $1,420,000 $1,282,500 Average SP $3,214,017 $3,793,107 $2,768,765 $2,139,382 $2,231,930 $1,919,543 Average SP/Sq. Ft. $1,840 $1,851 $1,719 $1,269 $1,176 $1,119 Average DOM 453 463 92 350 347 211 Average SP/LP 99 99 99 99 97 97 How does the market through the first quarter of 2024 stack up for each community as compared with prior years? A FIVE-YEAR OVERVIEW Andaz Wailea Andaz Wailea Condos for Sale Andaz Residences Q1 2024 2023 2022 2021 2020 2019 Sales 0 1 1 1 0 0 Volume NA $11,750,000 $11,900,000 6,950,000 $0 $0 Low SP NA $11,750,000 $11,900,000 6,950,000 NA NA High SP NA $11,750,000 $11,900,000 6,950,000 NA NA Median SP NA $11,750,000 $11,900,000 6,950,000 NA NA Average SP NA $11,750,000 $11,900,000 6,950,000 NA NA Average SP/Sq. Ft NA $4,176 $4,229 2,470 NA NA Average DOM NA 63 132 267 NA NA Average SP/LP NA 98 100 96 NA NA Grand Champions Grand Champions Condos for Sale Grand Champions Q1 2024 2023 2022 2021 2020 2019 Sales 0 5 10 29 12 13 Volume NA $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900 Low SP NA $1,150,000 $850,000 $659,000 $683,550 $685,000 High SP NA $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000 Median SP NA $1,515,000 $1,350,000 $799,000 $795,000 $760,000 Average SP NA $1,473,000 $1,313,500 $901,914 $841,879 $792,223 Average SP/Sq. Ft NA $1,407 $1,216 $825 $738 $732 Average DOM NA 111 92 150 98 144 Average SP/LP NA 95 99 99 97 97 Ho'olei Hoolei Condos for Sale Ho'olei 2024 2023 2022 2021 2020 2019 Sales 3 0 7 13 8 9 Volume $18,450,000 $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000 Low SP $5,850,000 NA $4,325,000 $2,899,000 $2,250,000 $2,535,000 High SP $6,500,000 NA $6,225,000 $4,350,000 $3,500,000 $3,450,000 Median SP $6,100,000 NA $5,000,000 $3,500,000 $3,452,500 $3,050,000 Average SP $6,150,000 NA $5,257,143 $3,473,154 $3,147,500 $3,017,222 Average SP/Sq. Ft $2,225 NA $1,935 $1,322 $1,156 $1,108 Average DOM 35 NA 51 83 144 131 Average SP/LP 99 NA 101 96 94 96 Kai Malu at Wailea Kai Malu at Wailea Condos for Sale Kai Malu Q1 2024 2023 2022 2021 2020 2019 Sales 4 5 7 21 5 17 Volume $11,450,000 $12,645,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000 Low SP $1,950,000 $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000 High SP $3,300,000 $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500 Median SP $3,100,000 $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000 Average SP $2,862,500 $2,529,000 $2,274,143 $1,617,576 $1,631,000 $1,438,765 Average SP/Sq. Ft $1,567 $1,399 $1,243 $898 $902 $819 Average DOM 104 77 62 80 137 196 Average SP/LP 99 97 99 100 98 96 Kanani Wailea Kanani Wailea Condos for Sale Kanani Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 0 2 3 6 1 2 Volume NA $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000 Low SP NA $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000 High SP NA $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000 Median SP NA $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000 Average SP NA $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000 Average SP/Sq. Ft NA $981 $865 $658 $573 $573 Average DOM NA 77 72 163 310 310 Average SP/LP NA 94 99 100 99 94 Keala O Wailea Keala O Wailea Condos for Sale Keala O Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 3 2 4 12 9 13 Volume $7,695,000 $5,225,000 $847,000 $23,053,000 $12,695,000 $18,859,000 Low SP $2,400,000 $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000 High SP $2,800,000 $2,825,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000 Median SP $2,495,000 $2,612,500 $2,162,500 $1,762,500 $1,415,000 $1,349,000 Average SP $2,565,000 $2,612,500 $2,124,250 $1,921,083 $1,410,556 $1,450,692 Average SP/Sq. Ft $1,917 $1,587 $1,593 $1,278 $1,094 $1,050 Average DOM 122 41 65 128 155 121 Average SP/LP 97 102 103 98 97 98 La'i Loa Lai Loa Condos for Sale Lai Loa Q1 2024 2023 Sales 18 31 Volume $45,538,750 $77,555,500 Low SP $1,519,250 $1,525,250 High SP $3,820,000 $3,803,500 Median SP $2,452,275 $2,449,550 Average SP $2,529,931 $2,501,790 Average SP/Sq. Ft $1,462 $1,407 Average DOM 956 1021 Average SP/LP 100 102 Makali'i Makalii Condos for sale Makalii Q1 2024 2023 2022 2021 2020 2019 Sales 1 3 5 71 14 0 Volume $3,250,000 $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0 Low SP $3,250,000 $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA High SP $3,250,000 $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA Median SP $3,250,000 $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA Average SP $3,250,000 $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA Average SP/Sq. Ft $2,065 $1,784 $1,647 $1,113 $923 NA Average DOM 40 116 327 1170 1283 NA Average SP/LP 97 95 100 100 100 NA Makalii is a new development that launched in 2020 with presales beginning years prior. As such, days on market include build time and developer sales sell at 100 of asking Makena Golf & Beach Club Makena Golf & Beach Club Condos for Sale Makena Golf & Beach Club Q1 2024 2023 2022 2021 2020 2019 Sales 2 17 3 2 13 8 Volume $20,000,000 $176,684,480 $26,806,000 $23,027,000 $91,931,000 $79,848,000 Low SP $10,000,000 $4,375,000 $6,350,000 $10,527,000 $4,950,000 $9,037,000 High SP $10,000,000 $13,000,000 $11,256,000 $12,500,000 $15,400,000 $10,886,000 Median SP $10,000,000 $10,800,000 $9,200,000 $11,513,500 $7,044,000 $9,651,000 Average SP $10,000,000 $10,393,205 $8,953,333 $11,513,500 $7,071,615 $9,981,000 Average SP/Sq. Ft $3,151 $2,604 $1,995 $3,175 $1,929 $2,921 Average DOM 33 810 160 84 1071 1096 Average SP/LP 100 100 100 98 100 100 Makena Surf Makena Surf Condos for Sale Makena Surf Q1 2024 2023 2022 2021 2020 2019 2018 Sales 0 0 5 8 5 2 6 Volume NA NA $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000 Low SP NA NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000 High SP NA NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000 Median SP NA NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000 Average SP NA NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333 Average SP/Sq. Ft NA NA $3,538 $2,439 $1,878 $1,800 $1,963 Average DOM NA NA 117 114 190 53 161 Average SP/LP NA NA 95 97 95 101 93 Na Hale O Makena Na Hale O Makena Condos for Sale Na Hale O Makena Q1 2024 2023 2022 2021 2020 2019 Sales 0 1 4 6 1 2 Volume NA $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000 Low SP NA $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000 High SP NA $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000 Median SP NA $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500 Average SP NA $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500 Average SP/Sq. Ft NA $1,205 $1,288 $914 $668 $708 Average DOM NA 36 129 136 107 250 Average SP/LP NA 94 96 98 98 87 Palms I at Wailea Palms I at Wailea Condos for Sale Palms at Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 0 8 18 16 15 7 Volume NA $13,476,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001 Low SP NA $1,381,000 $985,000 $720,000 $690,000 $686,000 High SP NA $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000 Median SP NA $1,675,000 $1,400,000 $932,500 $795,000 $875,000 Average SP NA $1,684,500 $1,379,667 $981,125 $823,290 $823,572 Average SP/Sq. Ft NA $1,437 $1,197 $863 $731 $736 Average DOM NA 62 73 129 175 136 Average SP/LP NA 99 100 100 100 100 Palms II at Wailea (Wailea Palms) Wailea Palms Condos for Sale Wailea Palms 2024 2023 2022 2021 2020 2019 Sales 1 4 8 10 5 10 Volume $1,705,000 $7,977,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100 Low SP $1,705,000 $1,632,500 $1,500,000 $835,000 $725,000 $800,000 High SP $1,705,000 $2,595,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000 Median SP $1,705,000 $1,875,000 $1,707,500 $1,162,500 $820,000 $990,000 Average SP $1,705,000 $1,994,375 $1,778,125 $1,156,700 $859,800 $1,063,910 Average SP/Sq. Ft $1,428 $1,443 $1,348 $950 $759 $820 Average DOM 69 149 65 112 98 100 Average SP/LP 97 98 100 98 98 95 Papali Wailea Papali Wailea Condos for Sale Papali Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 0 4 1 0 Volume NA NA NA $16,170,000 $2,600,000 NA Low SP NA NA NA $3,795,000 $2,600,000 NA High SP NA NA NA $4,400,000 $2,600,000 NA Median SP NA NA NA $3,978,500 $2,600,000 NA Average SP NA NA NA $4,042,500 $2,600,000 NA Average SP/Sq. Ft NA NA NA $1,694 $1,090 NA Average DOM NA NA NA 93 609 NA Average SP/LP NA NA NA 100 87 NA Polo Beach Club Polo Beach Club Condos for Sale Polo Beach Club Q1 2024 2023 2022 2021 2020 2019 Sales 1 0 2 6 2 3 Volume $5,400,000 $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000 Low SP $5,400,000 NA $3,999,808 $2,200,000 $2,575,000 $2,175,000 High SP $5,400,000 NA $4,600,000 $4,675,000 $2,600,000 $3,400,000 Median SP $5,400,000 NA $4,299,904 $3,365,000 $2,587,500 $2,940,000 Average SP $5,400,000 NA $4,299,904 $3,359,167 $2,587,500 $2,608,333 Average SP/Sq. Ft $4,369 NA $3,547 $2,696 $1,959 $2,134 Average DOM 186 NA 61 72 102 167 Average SP/LP 96 NA 99 97 99 97 Wailea Beach Villas Wailea Beach Villas Condos for Sale Wailea Beach Villas Q1 2024 2023 2022 2021 2020 2019 Sales 0 3 5 13 5 1 Volume NA $26,025,000 $41,225,000 $78,725,000 $19,944,000 $4,600,000 Low SP NA $6,525,000 $4,550,000 $2,845,000 $2,500,000 $4,600,000 High SP NA $10,900,000 $12,000,000 $14,000,000 $6,895,000 $4,600,000 Median SP NA $8,600,000 $7,800,000 $5,100,000 $3,900,000 $4,600,000 Average SP NA $8,675,000 $8,245,000 $6,055,769 $3,988,800 $4,600,000 Average SP/Sq. Ft NA $3,582 $3,160 $2,363 $1,534 $2,110 Average DOM NA 162 76 137 181 336 Average SP/LP NA 97 99 98 94 94 Wailea Ekahi Wailea Ekahi Condos for Sale Wailea Ekahi Q1 2024 2023 2022 2021 2020 2019 Sales 4 7 17 27 18 23 Volume $6,749,999 $11,620,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700 Low SP $999,999 $1,436,627 $650,000 $647,000 $690,000 $650,000 High SP $2,800,000 $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000 Median SP $1,475,000 $1,570,000 $1,575,000 $1,070,000 $974,500 $1,020,000 Average SP $1,687,500 $1,660,061 $1,535,809 $1,180,056 $1,221,389 $1,185,087 Average SP/Sq. Ft $2,021 $1,991 $1,687 $1,290 $1,147 $1,136 Average DOM 94 101 75 91 154 213 Average SP/LP 97 98 100 98 95 96 Wailea Ekolu Wailea Ekolu Condos for Sale Wailea Ekolu Q1 2024 2023 2022 2021 2020 2019 Sales 0 6 11 14 6 12 Volume NA $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000 Low SP NA $1,542,000 $1,105,000 $899,000 $720,000 $645,000 High SP NA $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000 Median SP NA $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000 Average SP NA $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167 Average SP/Sq. Ft NA $1,801 $1,735 $1,140 $929 $951 Average DOM NA 110 74 74 90 86 Average SP/LP NA 98 102 101 96 97 Wailea Elua Wailea Elua Condos for Sale Wailea Elua Q1 2024 2023 2022 2021 2020 2019 Sales 1 6 3 11 2 4 Volume $3,999,000 $23,105,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000 Low SP $3,999,000 $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000 High SP $3,999,000 $4,900,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000 Median SP $3,999,000 $3,852,500 $2,950,000 $2,200,000 $3,707,500 $1,792,500 Average SP $3,999,000 $3,850,833 $3,283,667 $2,645,455 $3,707,500 $1,757,500 Average SP/Sq. Ft $3,151 $3,094 $2,812 $2,043 $2,945 $1,558 Average DOM 81 116 91 104 144 93 Average SP/LP 100 97 103 101 95 98 Wailea Fairway Villas Wailea Fairway Villas Condos for Sale Wailea Fairway Villas Q1 2024 2023 2022 2021 2020 2019 Sales 3 9 11 26 8 9 Volume $5,025,000 $13,217,021 $12,878,001 $24,430,500 $6,376,000 $6,912,000 Low SP $1,200,000 $1,095,000 $925,000 $725,000 $715,000 $599,000 High SP $2,500,000 $1,999,999 $1,495,000 $1,450,000 $1,090,000 $1,195,000 Median SP $1,325,000 $1,400,000 $1,150,000 $890,000 $767,000 $725,000 Average SP $1,675,000 $1,468,558 $1,170,727 $939,635 $797,000 $768,000 Average SP/Sq. Ft $1,353 $1,255 $1,177 $866 $772 $721 Average DOM 142 95 94 76 201 200 Average SP/LP 97 97 99 99 97 98 Wailea Point Wailea Point Condos for Sale Wailea Point Q1 2024 2023 2022 2021 2020 2019 Sales 2 2 5 17 14 5 Volume $8,940,000 $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000 Low SP $4,090,000 $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000 High SP $4,850,000 $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000 Median SP $4,470,000 $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000 Average SP $4,470,000 $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000 Average SP/Sq. Ft $3,226 $2,983 $2,239 $1,945 $1,619 $1,582 Average DOM 65 151 80 169 174 140 Average SP/LP 91 93 97 97 95 94 *Sale of a garage Wailea Town Center Wailea Town Center Condos for Sale Wailea Town Center Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 0 2 0 0 Volume NA NA NA $3,390,000 NA NA Low SP NA NA NA $1,690,000 NA NA High SP NA NA NA $3,390,000 NA NA Median SP NA NA NA $1,695,000 NA NA Average SP NA NA NA $1,695,000 NA NA Average SP/Sq. Ft NA NA NA $968 NA NA Average DOM NA NA NA 71 NA NA Average SP/LP NA NA NA 104 NA NA If you are thinking of buying or selling in Wailea or Makena, please contact Courtney M. Brown for more detailed information on the market at each of these Wailea and Makena communities Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value. Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

Wailea & Makena Condominium Market Update: Q2 | 2023

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 28 Jul 2023 17:23:00 -1000

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 WAILEA & MAKENA CONDOS Q2 2023 2022 2021 2020 2019 2018 Number of Sales 47 130 315 144 140 214 Volume $157,537,949 $359,939,459 $673,905,402 $321,397,970 $268,736,001 $327,196,895 Low Sales Price $1,095,000 $650,000 $375,000* $683,550 $599,000 $275,000* High Sales Price $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000 $10,000,000 Median $1,995,000 $1,757,500 $1,550,000 $1,420,000 $1,282,500 $1,165,000 Average SP $3,351,871 $2,768,765 $2,139,382 $2,231,930 $1,919,543 $1,528,957 Average SP/Sq. Ft. $1,762 $1,719 $1,269 $1,176 $1,119 $995 Average DOM 184 92 350 347 211 351 Average SP/LP 97 99 99 97 97 97 How does the market through the second quarter of 2023 stack up for each community as compared with prior years? A FIVE-YEAR OVERVIEW Andaz Wailea Andaz Wailea Condos for Sale Andaz Residences Q2 2023 2022 2021 2020 2019 2018 2017 Sales 0 1 1 0 0 0 4 Volume $0 $11,900,000 6,950,000 $0 $0 $0 $18,495,000 Low SP NA $11,900,000 6,950,000 NA NA NA $4,250,000 High SP NA $11,900,000 6,950,000 NA NA NA $5,500,000 Median SP NA $11,900,000 6,950,000 NA NA NA $4,372,500 Average SP NA $11,900,000 6,950,000 NA NA NA $4,623,750 Average SP/Sq. Ft NA $4,229 2,470 NA NA NA 1681 Average DOM NA 132 267 NA NA NA 271 Average SP/LP NA 100 96 NA NA NA 100 Grand Champions Grand Champions Condos for Sale Grand Champions Q2 2023 2022 2021 2020 2019 2018 Sales 5 10 29 12 13 9 Volume $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900 $6,152,000 Low SP $1,150,000 $850,000 $659,000 $683,550 $685,000 $528,000 High SP $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000 $1,000,000 Median SP $1,515,000 $1,350,000 $799,000 $795,000 $760,000 $640,000 Average SP $1,473,000 $1,313,500 $901,914 $841,879 $792,223 $683,556 Average SP/Sq. Ft $1,407 $1,216 $825 $738 $732 $645 Average DOM 111 92 150 98 144 150 Average SP/LP 95 99 99 97 97 98 Ho'olei Hoolei Condos for Sale Ho'olei Q2 2023 2022 2021 2020 2019 2018 Sales 0 7 13 8 9 7 Volume $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000 $18,442,500 Low SP NA $4,325,000 $2,899,000 $2,250,000 $2,535,000 $1,750,000 High SP NA $6,225,000 $4,350,000 $3,500,000 $3,450,000 $3,212,500 Median SP NA $5,000,000 $3,500,000 $3,452,500 $3,050,000 $3,100,000 Average SP NA $5,257,143 $3,473,154 $3,147,500 $3,017,222 $2,634,643 Average SP/Sq. Ft NA $1,935 $1,322 $1,156 $1,108 $1,025 Average DOM NA 51 83 144 131 253 Average SP/LP NA 101 96 94 96 96 Kai Malu at Wailea Kai Malu at Wailea Condos for Sale Kai Malu Q2 2023 2022 2021 2020 2019 2018 Sales 4 7 21 5 17 12 Volume $10,045,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000 $17,968,500 Low SP $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000 $1,150,000 High SP $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500 $1,850,000 Median SP $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000 $1,475,000 Average SP $2,511,250 $2,274,143 $1,617,576 $1,631,000 $1,438,765 $1,497,375 Average SP/Sq. Ft $1,398 $1,243 $898 $902 $819 $826 Average DOM 84 62 80 137 196 130 Average SP/LP 96 99 100 98 96 96 Kanani Wailea Kanani Wailea Condos for Sale Kanani Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 2 3 6 1 2 3 Volume $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000 $3,424,000 Low SP $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000 $959,000 High SP $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000 $1,450,000 Median SP $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000 $1,015,000 Average SP $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000 $1,141,333 Average SP/Sq. Ft $981 $865 $658 $573 $573 $514 Average DOM 77 72 163 310 310 232 Average SP/LP 94 99 100 99 94 97 Keala O Wailea Keala O Wailea Condos for Sale Keala O Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 1 4 12 9 13 77 Volume $2,400,000 $847,000 $23,053,000 $12,695,000 $18,859,000 $95,538,057 Low SP $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000 $739,900 High SP $2,400,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000 $2,300,000 Median SP $2,400,000 $2,162,500 $1,762,500 $1,415,000 $1,349,000 $1,149,900 Average SP $2,400,000 $2,124,250 $1,921,083 $1,410,556 $1,450,692 $1,240,754 Average SP/Sq. Ft $1,923 $1,593 $1,278 $1,094 $1,050 $887 Average DOM 35 65 128 155 121 763 Average SP/LP 100 103 98 97 98 100 Makali'i Makalii Condos for sale Makalii Q2 2023 2022 2021 2020 2019 2018 Sales 3 5 71 14 0 0 Volume $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0 $0 Low SP $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA NA High SP $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA NA Median SP $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA NA Average SP $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA NA Average SP/Sq. Ft $1,784 $1,647 $1,113 $923 NA NA Average DOM 116 327 1170 1283 NA NA Average SP/LP 95 100 100 100 NA NA Makalii is a new development that launched in 2020 with presales beginning years prior. As such, days on market include build time and developer sales sell at 100 of asking Makena Golf & Beach Club Makena Golf & Beach Club Condos for Sale Makena Golf & Beach Club Q2 2023 2022 2021 2020 2019 2018 Sales 0 3 2 13 8 0 Volume $0 $26,806,000 $23,027,000 $91,931,000 $79,848,000 $0 Low SP NA $6,350,000 $10,527,000 $4,950,000 $9,037,000 NA High SP NA $11,256,000 $12,500,000 $15,400,000 $10,886,000 NA Median SP NA $9,200,000 $11,513,500 $7,044,000 $9,651,000 NA Average SP NA $8,953,333 $11,513,500 $7,071,615 $9,981,000 NA Average SP/Sq. Ft NA $1,995 $3,175 $1,929 $2,921 NA Average DOM NA 160 84 1071 1096 NA Average SP/LP NA 100 98 100 100 NA < Makena Surf Makena Surf Condos for Sale Makena Surf Q2 2023 2022 2021 2020 2019 2018 Sales 0 5 8 5 2 6 Volume $0 $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000 Low SP NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000 High SP NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000 Median SP NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000 Average SP NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333 Average SP/Sq. Ft NA $3,538 $2,439 $1,878 $1,800 $1,963 Average DOM NA 117 114 190 53 161 Average SP/LP NA 95 97 95 101 93 Na Hale O Makena Na Hale O Makena Condos for Sale Na Hale O Makena Q2 2023 2022 2021 2020 2019 2018 Sales 1 4 6 1 2 3 Volume $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000 $4,697,750 Low SP $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000 $1,250,000 High SP $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000 $1,850,000 Median SP $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500 $1,597,750 Average SP $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500 $1,565,917 Average SP/Sq. Ft $1,205 $1,288 $914 $668 $708 $673 Average DOM 36 129 136 107 250 150 Average SP/LP 94 96 98 98 87 98 Palms I at Wailea Palms I at Wailea Condos for Sale Palms at Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 4 18 16 15 7 15 Volume $6,581,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001 $12,196,800 Low SP $1,381,000 $985,000 $720,000 $690,000 $686,000 $680,000 High SP $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000 $1,288,800 Median SP $1,625,000 $1,400,000 $932,500 $795,000 $875,000 $835,000 Average SP $1,645,250 $1,379,667 $981,125 $823,290 $823,572 $871,200 Average SP/Sq. Ft $1,336 $1,197 $863 $731 $736 $767 Average DOM 60 73 129 175 136 224 Average SP/LP 100 100 100 100 100 100 Palms II at Wailea (Wailea Palms) Wailea Palms Condos for Sale Wailea Palms Q2 2023 2022 2021 2020 2019 2018 Sales 2 8 10 5 10 6 Volume $3,683,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100 $4,860,000 Low SP $1,632,500 $1,500,000 $835,000 $725,000 $800,000 $725,000 High SP $2,050,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000 $1,050,000 Median SP $1,841,250 $1,707,500 $1,162,500 $820,000 $990,000 $772,500 Average SP $1,841,250 $1,778,125 $1,156,700 $859,800 $1,063,910 $810,000 Average SP/Sq. Ft $1,341 $1,348 $950 $759 $820 $636 Average DOM 129 65 112 98 100 125 Average SP/LP 99 100 98 98 95 95 Papali Wailea Papali Wailea Condos for Sale Papali Q2 2023 2022 2021 2020 2019 2018 Sales 0 0 4 1 0 1 Volume $0 $0 $16,170,000 $2,600,000 $0 $3,381,000 Low SP NA NA $3,795,000 $2,600,000 NA $3,381,000 High SP NA NA $4,400,000 $2,600,000 NA $3,381,000 Median SP NA NA $3,978,500 $2,600,000 NA $3,381,000 Average SP NA NA $4,042,500 $2,600,000 NA $3,381,000 Average SP/Sq. Ft NA NA $1,694 $1,090 NA $795 Average DOM NA NA 93 609 NA 79 Average SP/LP NA NA 100 87 NA 100 Polo Beach Club Polo Beach Club Condos for Sale Polo Beach Club Q2 2023 2022 2021 2020 2019 2018 Sales 0 2 6 2 3 0 Volume $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000 $0 Low SP NA $3,999,808 $2,200,000 $2,575,000 $2,175,000 NA High SP NA $4,600,000 $4,675,000 $2,600,000 $3,400,000 NA Median SP NA $4,299,904 $3,365,000 $2,587,500 $2,940,000 NA Average SP NA $4,299,904 $3,359,167 $2,587,500 $2,608,333 NA Average SP/Sq. Ft NA $3,547 $2,696 $1,959 $2,134 NA Average DOM NA 61 72 102 167 NA Average SP/LP NA 99 97 99 97 NA Wailea Beach Villas Wailea Beach Villas Condos for Sale Wailea Beach Villas Q2 2023 2022 2021 2020 2019 2018 Sales 0 5 13 5 1 12 Volume $0 $41,225,000 $78,725,000 $19,944,000 $4,600,000 $55,626,500 Low SP NA $4,550,000 $2,845,000 $2,500,000 $4,600,000 $2,185,000 High SP NA $12,000,000 $14,000,000 $6,895,000 $4,600,000 $10,000,000 Median SP NA $7,800,000 $5,100,000 $3,900,000 $4,600,000 $3,925,250 Average SP NA $8,245,000 $6,055,769 $3,988,800 $4,600,000 $4,635,542 Average SP/Sq. Ft NA $3,160 $2,363 $1,534 $2,110 $1,831 Average DOM NA 76 137 181 336 177 Average SP/LP NA 99 98 94 94 98 Wailea Ekahi Wailea Ekahi Condos for Sale Wailea Ekahi Q2 2023 2022 2021 2020 2019 2018 Sales 6 17 27 18 23 17 Volume $10,570,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700 $19,779,000 Low SP $1,436,627 $650,000 $647,000 $690,000 $650,000 $675,000 High SP $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000 $2,195,000 Median SP $1,654,400 $1,575,000 $1,070,000 $974,500 $1,020,000 $1,025,000 Average SP $1,761,738 $1,535,809 $1,180,056 $1,221,389 $1,185,087 $1,163,471 Average SP/Sq. Ft $1,962 $1,687 $1,290 $1,147 $1,136 $1,140 Average DOM 110 75 91 154 213 154 Average SP/LP 98 100 98 95 96 94 Wailea Ekolu Wailea Ekolu Condos for Sale Wailea Ekolu Q2 2023 2022 2021 2020 2019 2018 Sales 6 11 14 6 12 10 Volume $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000 $8,315,900 Low SP $1,542,000 $1,105,000 $899,000 $720,000 $645,000 $626,000 High SP $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000 $1,057,500 Median SP $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000 $798,500 Average SP $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167 $831,590 Average SP/Sq. Ft $1,801 $1,735 $1,140 $929 $951 $781 Average DOM 110 74 74 90 86 155 Average SP/LP 98 102 101 96 97 98 Wailea Elua Wailea Elua Condos for Sale Wailea Elua Q2 2023 2022 2021 2020 2019 2018 Sales 1 3 11 2 4 10 Volume $2,800,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000 $20,130,000 Low SP $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000 $1,245,000 High SP $2,800,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000 $3,800,000 Median SP $2,800,000 $2,950,000 $2,200,000 $3,707,500 $1,792,500 $1,670,000 Average SP $2,800,000 $3,283,667 $2,645,455 $3,707,500 $1,757,500 $2,013,000 Average SP/Sq. Ft $3,143 $2,812 $2,043 $2,945 $1,558 $1,526 Average DOM 116 91 104 144 93 258 Average SP/LP 97 103 101 95 98 94 Wailea Fairway Villas Wailea Fairway Villas Condos for Sale Wailea Fairway Villas Q2 2023 2022 2021 2020 2019 2018 Sales 4 11 26 8 9 16 Volume $5,848,022 $12,878,001 $24,430,500 $6,376,000 $6,912,000 $11,374,000 Low SP $1,095,000 $925,000 $725,000 $715,000 $599,000 $589,000 High SP $1,900,000 $1,495,000 $1,450,000 $1,090,000 $1,195,000 $910,000 Median SP $1,426,511 $1,150,000 $890,000 $767,000 $725,000 $720,000 Average SP $1,462,066 $1,170,727 $939,635 $797,000 $768,000 $710,875 Average SP/Sq. Ft $1,132 $1,177 $866 $772 $721 $695 Average DOM 96 94 76 201 200 141 Average SP/LP 97 99 99 97 98 98 Wailea Point Wailea Point Condos for Sale Wailea Point Q2 2023 2022 2021 2020 2019 2018 Sales 2 5 17 14 5 10 Volume $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000 $28,650,888 Low SP $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000 $275,000* High SP $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000 $4,100,888 Median SP $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000 $3,200,000 Average SP $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000 $2,865,089 Average SP/Sq. Ft $2,983 $2,239 $1,945 $1,619 $1,582 $1,461 Average DOM 151 80 169 174 140 130 Average SP/LP 93 97 97 95 94 93 *Sale of a garage Wailea Town Center Wailea Town Center Condos for Sale Wailea Town Center Q2 2023 2022 2021 2020 2019 2018 Sales 0 0 2 0 0 1 Volume $0 $0 $3,390,000 $0 $0 $1,550,000 Low SP NA NA $1,690,000 NA NA $1,550,000 High SP NA NA $3,390,000 NA NA $1,550,000 Median SP NA NA $1,695,000 NA NA $1,550,000 Average SP NA NA $1,695,000 NA NA $1,550,000 Average SP/Sq. Ft NA NA $968 NA NA $812 Average DOM NA NA 71 NA NA 167 Average SP/LP NA NA 104 NA NA 97 If you are thinking of buying or selling in Wailea or Makena, please contact Courtney M. Brown for more detailed information on the market at each of these Wailea and Makena communities Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value. Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

Maui Real Estate Statistics: September 2022

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 07 Oct 2022 16:44:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. The report notes "New Listings decreased 39.3 percent for Single Family homes and 52.7 percent for Condominium homes.Pending Sales decreased 30.7 percent for Single Family homes and 36.0 percent for Condominium homes.Inventory increased 7.8 percent for Single Family homes and 9.7 percent for Condominium homes.Median Sales Price increased 3.0 percent to $1,025,000 for Single Family homes and 9.7 percent to $800,000 for Condominium homes. Days on Market increased 10.7 percent for Single Family homes but decreased 31.5 percent for Condominium homes. Months Supply of Inventory increased 45.0 percent for Single Family homes and 50.0 percent for Condominium homes. Affordability challenges have priced many buyers out of the market this year, and buyers who do succeed in purchasing a home are finding that the costs of homeownership have increased significantly, with monthly mortgage payments more than 55 higher than a year ago, according to the National Association of REALTORS®. Inventory remains lower than normal, and as the market continue to shift, experts project homes will begin to spend more days on market and price growth will slow in the months ahead." It seems as if the frenzy of 2021 is behind us, though locations with great views in excellent condition are still commanding the interest of buyers. The South Maui resorts of Wailea and Makena continue to command the highest condominium sales prices, though the Montage Residences, Kapalua Bay are not far behind. MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES* Active Listings: 221 homes from $590,000 in Upcountry Maui to $35,000,000 for an oceanfront home for sale in MakenaPending: 137 homes from $390,000 Leasehold in Kula to $35,000,000 for an estate in One Palau'ea Bay in MakenaSold: 788 homes from $230,000 in Wailuku to $26,490,000 for an estate across the street from the water in Makena. This compares with 2021 where the high sale was $78,000,000, paid by Jeff Bezos in an off market deal which is reported to also include corporate holdings. Prior to that, the high sale for 2021 was $45,000,000 for a home at Keawakapu Beach. MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings:143 condos listed from $285,000 to $18,000,000 for a Wailea PointPending: 212 condos pending, ranging from $225,000 to $5,400,000 at PuamanaSold: 1267 condos sold, ranging from $67,500 Leasehold to $12,000,000 for a Wailea Beach Villa MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 98 parcels from $25,000 in Wailuku to $75,000,000 for over 3546 acres for Hana RanchPending: 49 lots from $299,000 in Hana to $16,850,000 for over 3000 acres of ranch land in KaupoSold: 147 lots from to $155,000 in Wailuku to $12,000,000 for a multi-acre parcel development in South Maui. *Molokai and Lanai are not included in the above summaries, although they are a part of Maui County. This data is taken from the MLS on on the date of this post, 10/7/2022. Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Market Spotlight: Wailea Beach Villas

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 16 Dec 2021 17:27:00 -1000

Market Spotlight: Wailea Beach Villas The boutique condominium property at Wailea Beach Villas is one of Wailea's most desirable communities. The Wailea Beach Villas is a gated community with 99 residences in 9 buildings situated on 10.7 acres. The hotel zoning allows vacation rentals, which makes it a popular option for owners that want to offset their operating expenses when not in residence. The spacious residences combined with a variety of amenities and tropically landscaped grounds accented by tiki torches have garnered awards and accolades from Conde Nast, TripAdvisor, Booking.com, and Trivago. Guests have access to two pools, a fitness center, a business center, billiards and game room, concierge service, and one of Maui's most beautiful beaches: Wailea Beach which it shares with the Grand Wailea, Four Seasons, and Wailea Point. It is adjacent to the Shops at Wailea, making it easy to enjoy many of Wailea's most popular shops and restaurants. Wailea Beach Villas Current Listings New to the market, and the only listing at the time of this post, is D101 which is listed at $12,500,000. D Building sits in the center of the property, just behind buildings A and B, which are oceanfront. This is a ground-floor three bedroom residence, which includes a garage for a single car. This is one of the few residences with a plunge pool surrounded by a tropically landscaped yard. It is listed at 4,327/sq. ft. View Map of Wailea Beach Villas Wailea Beach Villas Recent Sales Status Building Name Unit List Price Sold Price Close Date Beds Baths Liv-SF DOM Price Per SQFT MLS SLD Wailea Beach Villas PH-401 $5,475,000 $5,000,000 3/31/21 3 3 2,180 391 $2,294 386323 SLD Wailea Beach Villas G101 $3,950,000 $3,825,000 4/1/21 3 3.5 2,889 168 $1,324 388955 SLD Wailea Beach Villas PH111 $2,750,000 $2,600,000 4/7/21 2 2 1,899 85 $1,369 389935 SLD Wailea Beach Villas G-301 $7,195,000 $6,950,000 4/30/21 3 3.5 2,863 87 $2,428 390215 SLD Wailea Beach Villas A102 $14,250,000 $14,000,000 5/13/21 3 3.5 2,931 58 $4,777 390754 SLD Wailea Beach Villas C-101 $5,288,800 $5,100,000 5/21/21 3 3.5 2,889 49 $1,765 390978 SLD Wailea Beach Villas 510 $4,595,000 $4,575,000 6/10/21 2 2 1,978 99 $2,313 390601 SLD Wailea Beach Villas 511 $5,500,000 $5,500,000 6/10/21 2 2 1,978 29 $2,781 391833 SLD Wailea Beach Villas E302 $8,900,000 $8,900,000 7/14/21 3 3.5 2,934 59 $3,033 392320 SLD Wailea Beach Villas PH-104 $2,625,000 $2,485,000 7/15/21 2 2 1,978 364 $1,256 387787 SLD Wailea Beach Villas 308 $5,995,000 $5,995,000 8/2/21 3 3 2,893 252 $2,072 389400 SLD Wailea Beach Villas 105 $3,595,000 $3,595,000 8/25/21 3 3 1,961 58 $1,833 392136 SLD Wailea Beach Villas C102 $10,200,000 $10,200,000 11/12/21 3 3.5 2,931 83 $3,480 393652 Wailea Beach Villas Historical Perspective Wailea Beach Villas 2021 YTD 2020 2019 2018 2017 2016 Sales 13 5 1 12 9 2 Volume $78,725,000 $19,944,000 $4,600,000 $55,626,500 $30,258,999 $4,300,000 Low SP $2,485,000 $2,500,000 $4,600,000 $2,185,000 $2,225,000 $2,125,000 High SP $14,000,000 $6,895,000 $4,600,000 $10,000,000 $5,999,999 $2,150,000 Average SP $6,055,769 $3,988,800 $4,600,000 $4,635,541 $3,362,111 $2,175,000 Average SP/Sq. Ft $2,363 $1,534 $2,110 $1,831 $1,552 $1,087 Average DOM 137 180 336 177 224 137 Comments: Wailea Beach Villas is a smaller property and a very desirable one, so there aren't usually a lot of listings to sell in a given year. Looking back 5 years, there are three years with fewer than five sales. The sales volume has increased exponentially over 2020, with a 160 increase in the number of sales, and a $295 increase in the sales volume ($). The low sales price remained steady, but the high sales price increased 103. For more information on the Wailea Beach Villas condos for sale, contact Courtney M Brown, R(S) with Island Sotheby's International Realty View Wailea Beach Villas for Sale

Maui Real Estate Statistics: September 2021

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 15 Oct 2021 13:01:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic. The report notes "Nationwide, existing home sales were down slightly in August, falling 2after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9 compared to last year. Declining affordability has had a signiﬁcant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search. New Listings decreased 9.8 percent for Single Family homes and 29.2 percent for Condominium homes. Pending Sales decreased 4.3 percent for Single Family homes but increased 5.7 percent for Condominium homes. Inventory decreased 44.3 percent for Single Family homes and 82.3 percent for Condominium homes. Median Sales Price increased 27.3 percent to $996,500 for Single Family homes and 46.6 percent to $729,125 for Condominium homes. Days on Market decreased 14.9 percent for Single Family homes and 6.9 percent for Condominium homes. Months Supply of Inventory decreased 57.1 percent for Single Family homes and 90.8 percent for Condominium homes. There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country." As of the date of this post, October 15, 2021: MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 184 homes from $549,000 in Wailuku to $26,000,000 for an oceanfront home for sale in MakenaPending: 213 homes from $294,900 in Lahaina to $12,900,000 for a home across the street from the ocean in MakenaSold: 1,045 homes from $220,000 to $45,000,000 (the highest sale recorded on Maui for a single-family home at Keawakapu Beach) MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings:135 condos listed from $179,000 Leasehold to $5,995,000 for a condominium at the Montage Residences Kapalua BayPending: 302 condos pending, ranging from $151,000 to $17,770,000 at Wailea PointSold: 1,869 condos sold, ranging from $75,000 Leasehold to $14,000,000 for a Wailea Beach Villas condominium MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 103 lots from $155,000 in Wailuku to $16,850,000 for over 3000 acres of ranch land in KaupoPending: 58 lots from $170,000 in Nahiku to $7,500,000 for 464 acres in KulaSold: 299 lots from to $38,000 to $14,000,000 for Piiholo Ranch in Upcountry Maui The days on market is down for all categories. Land sales tend to lag behind condos and homes, as it doesn't allow immediate use and enjoyment and the building process does take time. However, land sales are now up 55 over the same period last year. As home prices have soared (median price up 46.6) and inventory decreased, many buyers look toward building as an option. *Molokai and Lanai are not included in the above summaries, although they are a part of Maui County. Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Maui Oceanfront Market Update: January 2020

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 27 Jan 2020 12:57:00 -1000

MAUI OCEANFRONT HOMESMarket Update, January 2020 View Goals 1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front streetView More Information Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui. As you will see below, the home prices and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore. There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home. Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017. Comparing 2019 with 2018, it's noteworthy that the number of sales is down 30 and the sales volume down 57. Please note the 2019 statistics no longer include 6 sales in the Makena Resort by Discovery Land Co. that were reclassified in our MLS from Beachfront to Across the Street from the Ocean on 12/13/2019. This removed $60,162,136 million from the oceanfront home sales statistics that were previously posted in the blog post on 11/30/2019. That inventory had increased the average Days on Markets stat as escrow could only close when construction was complete. In addition, the average Sales Price and SP/Sq. Ft. dropped. It is also worth noting that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market. This can mean great opportunities for buyers of oceanfront properties as the inventory has built considerably, with approximately 3 years worth of inventory. We are already starting to see more pending escrows with 8 homes pending now vs. 4 in 11/2019. It is interesting to note that all but one of the pending sales is under $5,000,000, with a high sale pending at $10,880,000. Maui Oceanfront Home Sales: Key Metrics2014 to Present Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP 2014 21 $90,443,000 $4,306,810 $1504 287 91 2015 13 | -62 $55,075,000 |-64 $4,235,538 | -2 $1793 | 16 214 | -34 93 2016 22 | 41 $139,062,000 | 60 $6,321,000 | 33 $2878 | 38 219 | 2 84 2017 25 | 12 $146,765,387 | 5 $5,870,615 | -8 $1533 | -88 274 | 20 92 2018 23 | -9 $148,197,545 | 1 $6,443,372 | 9 $1759 | 13 222 | -23 91 2019 16 | -30 $64,454,049 | -57 $4,028,378 | -37 $1288 | -27 285 | 28 88 Maui Oceanfront Homes: Market Snapshot by AreaActive Listings, Pending Sales and YTD Sales Oceanfront Homes All Maui West Maui South Maui North Shore East Maui Central Maui Active Listings 48 15 14 12 6 1 Low List Price $750,000 $2,200,000 $3,298,000 $999,000 $750,000 $1,900,000 Average List Price $8,140,937 $10,882,000 $11,259,571 $4,390,833 $2,551,833 $1,900,000 High List Price $37,500,000 $37,500,000 $27,498,000 $12,000,000 $6,500,000 $1,900,000 Average LP/Sq. Ft. $2408 $2889 $3,469 $1178 NA NA Pending Sales 8 3 1 4 0 0 Average List Price $3,671,237 $5,558,333 $3,350,000 $2,336,225 0 0 Supply of Inventory* 36 months 45 months 42 months 48 months NA NA 2020 YTD Sales 0 NA NA NA NA NA There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline. The highest-priced listing on the island is located in the Kapalua Resort: 9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres. It is currently offered at $37,500,000, reduced from $49,000,000. The highest asking price in South Maui is $27,498,000. These compare with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena. 7150 Makena Road is a 4B/5.5B home on 1.69 acres. To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) . It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics. Additional properties have changed hands privately and are not entered in MLS. For more information on all areas of Maui read: Maui Real Estate Statistics. View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean This information is provided by the Realtor's Association of Maui. It is believed accurate, but subject to change. Readers are advised to do their own due diligence.

5 Luxury Resorts & Hotels on Maui with Privately Owned Condo Residences

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Sun, 11 Nov 2018 17:38:00 -1000

Where on Maui can you live like you're on vacation at a world-class luxury resort 365 days a year? Well, it just so happens, Maui has 5 condominium communities in the resorts of Kaanapali, Kapalua and Wailea that have received the recognition by Forbes or AAA as leaders in Luxury Lodging. These properties are desirable for many of Maui's second home Buyers who would like the amenities of a luxury hotel (hello, room service). For those who are looking for a part-time residence, they offer an added bonus: the ability to rent their residence through an on-site rental management program known for offering accommodations that are maintained to the exacting standards of a luxury brand. The following Maui luxury condominium resorts have been acknowledged with either Four or Five-Stars (Forbes) or Four or Five-Diamonds (AAA): Wailea: Luxury Residences Sunset at Andaz Wailea Andaz Residences Situated on 15 oceanfront acres overlooking Mokapu Beach in the heart of the Wailea Resort, the Andaz Wailea is home to just 12 private condominium residences. With five distinct floor plansFloor Plans: 3B/4B and 4B/5B Size: 2644-3965 sq. ft.Built: 2013With so few units built, there are only a handful of sales on record since the development launched in 2013. There are no active listings at the time of this post, and no sales to report YTD for 2018.Low/High Sales Prices: $4,150,000 (2016)/$11,395,000 (2013)Amenities: concierge, in-home dining, beach valets, fitness center, housekeeping, restaurants, security, and spa services. (tip: my favorite spots at the Andaz are grabbing a sashimi pizza at the oceanfront bar at Morimotos and sitting by the pool at the uppermost level--the Southside Gin Fizz is very refreshing)Award: 4-Diamond AAAView Andaz Residences Condos for Sale Ho'olei at Grand Wailea Ho'olei is unique in that this stand-alone condominium community was built after the Grand Wailea, and a rental program was developed which provided the popular hotel resort with a three-bedroom option for large parties or families. There are 120 townhomes situated on approximately 30 acres, located directly across the street from the Grand Wailea.Floor Plans: 3B/3.5B with garageSize: 2426-3076 sq. ft.Built: 2008Sales YTD 2018: $1,750,000 to $3,212,500Low/High Sales Prices: $1,595,000 (2007)/$3,900,000 (2008)Amenities at the Grand Wailea, a Waldorf Astoria Hotel include: concierge, Forbes 4-Star Spa Grande, restaurants, fitness center, separate adult pool and pools with waterslides, shopsAmenities at Ho'olei: gated, in unit elevators, fitness center, pool and children's pool with sandy beach, jacuzzi spasAward: 4-Diamond AAAView Ho'olei Condos for Sale HONORABLE MENTION: Wailea Beach Villas Located adjacent to the Shops at Wailea, the Wailea Beach Villas are nestled on the popular Wailea Beach. This popular community is comprised of 98 residences on close to 11 oceanfront acres.Floor Plans: 2B/2B, 2B/2.5B and 3B/3BSize: 1899-2935 sq. ft.Built: 2005Sales Prices YTD in 2018: $2,8150,000 to $10,000,000Low/High Sales Prices: $1,150,000 (2006)/$12,500,000 (2010)Amenities at the Wailea Beach Villas: gated, adult and family pools, hot tubs, conference center, billiards room, fitness center, beach valetsAwards: as Wailea Beach Villas aren't technically a hotel, they aren't evaluated under traditional rating systems. However, this resort receives high ratings for luxury service and its amenities from reviewers at lauded travel publications, Condé Nast Traveler and Trave+Leisure.View Wailea Beach Villas for Sale Wailea Amenities: Beaches, dining, golf, shopping, spas, tennis. The open-air Shops at Wailea features one of my favorite places to grab a bite (a few of my go-to favorites: the Spicy Beef Salad at the gastropub Pint & Cork; Shrimp Longhi at Longhi's; Ahi Tuna Tacos or Ahi Poke Napolean at Tommy Bahama's), shop for clothes, or buy unique gifts (I always find something I love Sand People and Soha Living). Kapalua: Luxury Residences Montage Residences Kapalua Bay Perhaps my personal favorite of all of the residential offerings at Luxury Condominiums, the Montage Kapalua Bay is comprised of 84 whole ownership Grand Residences situated overlooking Kapalua Bay. Owner's love having a dedicated team of Residential Liaisons that are there to assist with making ownership of a residence a worry-free experience, assisting with the day to day of receiving packages and coordinating repairs, to preparing for arrival and helping with departures. The Forbes 5-Star property is home to the Kapalua Wine and Food Festival's opening event, and is a popular destination for those playing in the PGA Tour's Tournament of Champions.Floor Plans*: 3B/3.5B, 3B/3.5B + Den, 4B/4.5BSize: 2789-4055 sq. ft.Built: 2009Sales Prices YTD in 2018: $3,495,000 to $8,950,000Low/High Sales Prices: $2,800,000 (2011)/$8,950,000 (2018)Amenities Onsite: Forbes 4-Star award-winners Cane & Canoe and Spa Montage Kapalua Bay, market, beach club, residential liaisons, concierge, porter/bellman, valet and self-parking, storage, garage parking for grand residences in Buildings 1, 2 and 5.Awards: 4-Diamond AAA, 5-Star Forbes 2018View Montage Kapalua Bay Residences for Sale *New Developer Offering at the Montage Residences Kapalua Bay: is anticipated for release at the end of 2018/early 2019: 15 smaller residences that are 2 and 3B floor plans. More Details to come soon. Contact Courtney for more information. Ritz Carlton Residences, Kapalua The View from 1614 at the Ritz-Carlton Residences, Kapalua In 2007, the Ritz-Carlton Kapalua underwent a spectacular renovation, turning the Honolua wing into 107 privately held one and two bedroom condominium residences. The Ritz-Carlton is synonymous with luxury service and the brand has extended this to luxury residences throughout the world. Each Year, the Ritz-Carlton Kapalua is host to the popular Seafood Festival, the closing event of the Kapalua Wine and Food Festival.Floor Plans: 1B/1B, 2B/2B,Size: 870-1477 sq. ft.Built: 2007Sales Prices YTD in 2018: $830,000 to $1,400,000Low/High Sales Prices: $640,000 (2015)/$2,716,888 (2015)Amenities Onsite: Forbes 4-Star award-winning Ritz-Carlton Spa, Kapalua, coffee shop, several restaurants including the Banyan Tree, a hidden gem for a beautiful evening and the oceanfront Burger Shack on D.T. Fleming Beach, fitness center, concierge, bellman/porter services, valet parkingAwards: 5-Diamond AAA, 4-Star ForbesView Ritz-Carlton Kapalua Residences for Sale Kapalua Amenities: beaches, dining, golf, shopping, spas, tennis. Kapalua is a 1650 acre master-planned community set within 22,000 acres extending from the ocean to the Pu'u Kukui watershed. What I love about Kapalua is that it is surrounded by natural beauty, most of the surrounding area is in conservation, including the 45-acre marine preserve of Honolua and Mokuleia Bays. Less explored but incredibly beautiful are Kapalua's hiking and walking trails. The resort has a feeling of peacefulness, yet is populated by award-winning restaurants such as Sansei and Merriman's. Owner's in Kapalua may join the Kapalua Club, which provides special access to the Beach Club at Montage Kapalua Bay and the Spa Montage, the Bay and Plantation Golf Courses, and the Kapalua Tennis Gardens. Kaanapali: Luxury Residences Honua Kai Located on the beach just North of the Kaanapali Resort, Honua Kai has been a popular vacation destination since sales began in 2008. With 627 condominium residences, this is the largest of the developments on this list. Unlike the other 4 and 5-Diamond properties, the Honua Kai offers smaller residences including studios and one-bedroom floor plans, for those who want to have the experience of staying at a luxury hotel, but also want to make the purchase a smaller commitment in their real estate portfolio. Floor Plans: Studio/1B, 1B/1B, 2B/2B and 3B/3BSize: 580-2770 sq. ft.Built: 2008Sales Prices YTD in 2018: $695,000 to $3,900,000Low/High Sales Prices: $399,900 (2012)/$5,490,309 (2016)Amenities at the Honua Kai: adult and family pools, hot tubs, BBQ Grills, Bar and Lounge, fitness center, Aina Gourmet Market, elevators, valet and self-parking, concierge, porter/bellhop, Ho'ola Spa and Duke's Restaurant (this is a great place to whale watch as you take in the sunset).Award: 4 Diamond AAAView Honua Kai Condominiums for SaleNew Developer Offering 2018: Luana Gardens at Honua Kai: 72 new residences, each 3B/3B and just over 2000 sq. ft. Contact Courtney for more information. Kaanapali Amenities: Beaches, dining, golf, shopping, spas, tennis. Kaanapali's three-mile stretch of beach that has been awarded the accolade "America's Best Beach" by Dr. Beach and Keka'a Beach, on the North Side of Black Rock, is a local favorite to the North. In addition to its popular beaches, golf, and tennis, Kaanapali is home to Whaler's Village, a popular oceanfront shopping center. Whaler's Village is home to several of Maui's most popular sit-down restaurants, including Hula Grill (tip--there are two menus at Hula Grill--the dining menu and the barefoot bar menu. If you eat at the kitchen bar or the bar, you can order from both menus), Leilani's (known for it's fish tacos), Monkeypod Kitchen, as well as local favorites Joey's Kitchen and Choice Health Bar (my favorite salad on Maui is their Ceasar Salad). Shops include Tommy Bahama's, Sephora, many local surf and clothing stores and much more.