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.
| Kaanapali Resort Condos | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 39 | 148 | 237 | 159 | 168 | 173 |
| Volume | $66,617,900 | $247,257,475 | $321,700,298 | $212,877,531 | $205,331,916 | $191,084,387 |
| Low Sales Price | $600,000 | $325,000 | $318,000 | $319,000 | $240,000 | $159,000 |
| High Sales Price | $5,525,000 | $5,899,000 | $5,400,000 | $3,300,000 | $4,995,000 | $5,725,000 |
| Median | $1,500,000 | $1,412,500 | $995,000 | $1,050,000 | $952,500 | $801,000 |
| Average SP | $1,708,151 | $1,670,659 | $1,357,385 | $1,338,852 | $1,222,214 | $1,104,534 |
| Average SP/Sq. Ft. | $1,597 | $1,486 | $1,158 | $955 | $1,010 | $955 |
| Average DOM | 111 | 90 | 127 | 248 | 218 | 170 |
| Average SP/LP | 97% | 98% | 98% | 96% | 97% | 96% |
| There are a mix of leasehold and fee simple condominiums in Kaanapali | ||||||
How does the market through the second quarter of 2023 stack up for each community as compared with prior years?
A FIVE-YEAR OVERVIEW
Honua Kai
Honua Kai: condos for sale All Buildings
| Honua Kai | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 11 | 45 | 63 | 72 | 57 | 40 |
| Volume | $24,458,000 | $112,632,875 | $121,182,648 | $137,972,250 | $91,809,500 | $64,235,287 |
| Low SP | $1,220,000 | $1,150,000 | $807,500 | $735,000 | $774,000 | $695,000 |
| High SP | $5,525,000 | $5,899,000 | $5,400,000 | $3,199,000 | $3,300,000 | $5,725,000 |
| Median SP | $1,975,000 | $1,900,000 | $1,550,000 | $2,119,750 | $1,700,000 | $1,120,000 |
| Average SP | $2,223,455 | $2,502,953 | $1,923,534 | $1,916,281 | $1,610,693 | $1,605,882 |
| Average SP/Sq. Ft | $2,184 | $2,154 | $1,498 | $1,139 | $1,190 | $1,357 |
| Average DOM | 119 | 97 | 137 | 404 | 318 | 117 |
| Average SP/LP | 97% | 98% | 98% | 98% | 98% | 98% |
International Colony Club
International Colony Club condos for sale
| International Colony Club | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 0 | 0 | 5 | 1 | 1 | 9 |
| Volume | 0 | 0 | $3,150,000 | $575,000 | $618,000 | $4,749,500 |
| Low SP | NA | NA | $600,000 | $575,000 | $618,000 | $388,500 |
| High SP | NA | NA | $680,000 | $575,000 | $618,000 | $640,000 |
| Median SP | NA | NA | $620,000 | $575,000 | $618,000 | $501,000 |
| Average SP | NA | NA | $630,000 | $575,000 | $618,000 | $527,722 |
| Average SP/Sq. Ft | NA | NA | $556 | $614 | $445 | $495 |
| Average DOM | NA | NA | 143 | 127 | 237 | 268 |
| Average SP/LP | NA | NA | 100% | 96% | 98% | 93% |
Kaanapali Alii
Kaanapali Alii condos for sale
| Kaanapali Alii | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 3 | 12 | 27 | 9 | 16 | 15 |
| Volume | $8,450,000.00 | $31,841,600 | $66,456,000 | $18,215,000 | $39,230,000 | $39,762,000 |
| Low SP | $2,350,000.00 | $1,020,000* | $918,000* | $1,200,000 | $1,100,000 | $1,200,000 |
| High SP | $3,650,000.00 | $4,596,600 | $5,000,000 | $3,300,000 | $4,995,000 | $4,800,000 |
| Median SP | $2,700,000.00 | $2,387,500 | $2,300,000 | $1,700,000 | $2,147,500 | $2,525,000 |
| Average SP | $2,816,667.00 | $2,653,467 | $2,461,333 | $2,023,889 | $2,451,875 | $2,650,000 |
| Average SP/Sq. Ft | $1,832.00 | $1,739 | $1,595 | $1,248 | $1,560 | $1,655 |
| Average DOM | 57 | 97 | 125 | 129 | 213 | 202 |
| Average SP/LP | 98.00% | 96% | 97% | 92% | 95% | 94% |
Kaanapali Plantation
Kaanapali Plantation condos for sale
| Kaanapali Plantation | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 1 | 9 | 11 | 4 | 3 | 5 |
| Volume | $1,375,000.00 | $11,244,000 | $8,570,250 | $3,190,000 | $2,039,000 | $3,455,000 |
| Low SP | $1,375,000.00 | $860,000 | $448,000 | $755,000 | $629,000 | $625,000 |
| High SP | $1,375,000.00 | $1,500,000 | $1,200,000 | $870,000 | $780,000 | $765,000 |
| Median SP | $1,375,000.00 | $1,325,000 | $731,250 | $782,500 | $630,000 | $675,000 |
| Average SP | $1,375,000.00 | $1,249,333 | $779,114 | $797,500 | $679,667 | $691,000 |
| Average SP/Sq. Ft | $1,194.00 | $979 | $595 | $558 | $544 | $573 |
| Average DOM | 77 | 60 | 129 | 127 | $282 | 66 |
| Average SP/LP | 92% | 97% | 98% | 95% | 97% | 99% |
Kaanapali Royal
Kaanapali Royal condos for sale
| Kaanapali Royal | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 1 | 2 | 3 | 6 | 9 | 7 |
| Volume | $1,750,000 | $2,455,000 | $2,792,000 | $4,372,500 | $6,997,750 | $5,462,200 |
| Low SP | $1,750,000 | $1,160,000 | $820,000 | $350,000* | $705,000 | $710,000 |
| High SP | $1,750,000 | $1,295,000 | $1,100,000 | $850,000 | $864,750 | $875,000 |
| Median SP | $1,750,000 | $1,227,500 | $872,000 | $795,000 | $765,000 | $785,000 |
| Average SP | $1,750,000 | $1,227,500 | $930,667 | $728,750 | $777,528 | $780,314 |
| Average SP/Sq. Ft | $1,010 | $805 | $571 | $478 | $504 | $511 |
| Average DOM | 70 | 35 | 99 | 99 | 101 | 122 |
| Average SP/LP | 89% | 108% | 103% | 97% | 97% | 99% |
| * Leasehold sales in 2017 and 2020 | ||||||
Kaanapali Shores
Kaanapali Shores condos for sale
| Kaanapali Shores | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Sales | 9 | 29 | 33 | 15 | 15 | 33 | 24 |
| Volume | $10,049,900 | $26,657,500 | $25,358,000 | $9,727,381 | $9,938,167 | $18,452,900 | $13,891,140 |
| Low SP | $650,000* | $325,000* | $318,000* | $320,000* | $365,000 | $159,000* | $200,000* |
| High SP | $2,500,000 | $2,360,000 | $2,125,000 | $950,000 | $997,000 | $1,780,000 | $1,554,840 |
| Median SP | $950,000 | $810,000 | $700,000 | $645,000 | $557,500 | $553,000 | $520,000 |
| Average SP | $1,116,656 | $919,224 | $768,424 | $635,159 | $621,135 | $559,179 | $578,798 |
| Average SP/Sq. Ft | $1,252 | $1,098 | $931 | $781 | $830 | $702 | $708 |
| Average DOM | 126 | 91 | 145 | 142 | 117 | 165 | 167 |
| Average SP/LP | 97% | 98% | 98% | 95% | 97% | 96% | 96% |
| *There were leasehold sales every year. Low is marked with the asterisk | |||||||
The Mahana at Kaanapali
The Mahana at Kaanapali condos for sale
| Mahana | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 6 | 21 | 12 | 5 | 9 | 11 |
| Volume | $9,357,500.00 | $26,241,500 | $14,372,400 | $4,858,000 | $8,302,000 | $8,782,000 |
| Low SP | $1,175,000.00 | $772,500 | $725,000 | $640,000 | $625,000 | $550,000 |
| High SP | $3,005,000.00 | $2,300,000 | $1,725,000 | $1,650,000 | $1,850,000 | $990,000 |
| Median SP | $1,248,750.00 | $1,160,000 | $1,197,500 | $880,000 | $825,000 | $825,000 |
| Average SP | $1,559,583.00 | $1,249,595 | $1,197,708 | $971,600 | $922,444 | $798,364 |
| Average SP/Sq. Ft | $1,682.00 | $1,591 | $1,330 | $1,314 | $1,174 | $1,135 |
| Average DOM | 130 | 78 | 253 | 161 | 140 | 77 |
| Average SP/LP | 98% | 97% | 97% | 96% | 98% | 97% |
Maui Eldorado
Maui Eldorado condos for sale
| Maui Eldorado | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 2 | 10 | 12 | 10 | 12 | 9 |
| Volume | $1,850,000.00 | $7,011,000 | $6,803,500 | $4,302,500 | $4,766,000 | $3,044,012 |
| Low SP | $600,000.00 | $415,000 | $345,000 | $240,000 | $240,000 | $210,000 |
| High SP | $1,250,000.00 | $1,137,500 | $965,000 | $835,000 | $835,000 | $610,000 |
| Median SP | $925,000.00 | $616,250 | $460,750 | $403,750 | $332,500 | $327,901 |
| Average SP | $925,000.00 | $701,100 | $566,958 | $430,250 | $397,167 | $316,111 |
| Average SP/Sq. Ft | $746.53 | $657 | $559 | $458 | $458 | $287 |
| Average DOM | 59.5 | 64 | 131 | 79 | 79 | 251 |
| Average SP/LP | 97.00% | 101% | 98% | 96% | 96% | 91% |
Maui Kaanapali Villas
Maui Kaanapali Villas condos for sale
| Maui Kaanapali Villas | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 0 | 6 | 15 | 10 | 5 | 12 |
| Volume | 0 | $4,615,000 | $9,598,900 | $5,884,400 | $3,695,000 | $6,382,500 |
| Low SP | NA | $400,000 | $345,000 | $432,500 | $430,000 | $285,000 |
| High SP | NA | $1,100,000 | $915,000 | $799,000 | $1,050,000 | $1,797,000 |
| Median SP | NA | $767,500 | $625,000 | $487,450 | $760,000 | $417,500 |
| Average SP | NA | $769,167 | $639,927 | $588,440 | $739,000 | $531,875 |
| Average SP/Sq. Ft | NA | $1,154 | $985 | $889 | $932 | $747 |
| Average DOM | NA | 111 | 64 | 54 | 49 | 278 |
| Average SP/LP | NA | 99% | 98% | 98% | 100% | 97% |
Maui Kai
Maui Kai condos for sale
The Masters at Kaanapali Hillside
The Masters at Kaanapali Hillside condos for sale
| Masters | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 5 | 17 | 31 | 15 | 18 | 16 |
| Volume | $8,190,000.00 | $25,371,000 | $34,802,000 | $13,586,500 | $15,498,500 | $17,310,000 |
| Low SP | $1,400,000.00 | $900,000 | $675,000 | $575,000 | $550,000 | $540,000 |
| High SP | $1,990,000.00 | $2,175,000 | $1,929,000 | $1,300,000 | $1,400,000 | $1,500,000 |
| Median SP | $1,500,000.00 | $1,565,000 | $1,107,000 | $945,000 | $852,000 | $1,127,500 |
| Average SP | $1,638,000.00 | $1,492,412 | $1,122,645 | $905,766 | $861,028 | $1,081,875 |
| Average SP/Sq. Ft | $1,074.00 | $989 | $796 | $639 | $660 | $690 |
| Average DOM | 190 | 62 | 133 | 97 | 225 | 164 |
| Average SP/LP | 92.00% | 100% | 98% | 95% | 95% | 93% |
The Vintage at Kaanapali
The Vintage condos for sale
| Vintage | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Sales | 1 | 3 | 7 | 4 | 6 | 6 |
| Volume | $1,800,000 | $5,190,000 | $9,734,000 | $4,573,000 | $6,840,999 | $6,445,000 |
| Low SP | $1,800,000 | $1,200,000 | $1,100,000 | $950,000 | $890,999 | $801,000 |
| High SP | $1,800,000 | $1,995,000 | $1,620,000 | $1,375,000 | $1,425,000 | $1,400,000 |
| Median SP | $1,800,000 | $1,995,000 | $1,360,000 | $1,124,000 | $1,125,000 | $1,120,000 |
| Average SP | $1,800,000 | $1,730,000 | $1,390,571 | $1,143,250 | $1,140,167 | $1,074,167 |
| Average SP/Sq. Ft | $890 | $797 | $693 | $621 | $610 | $546 |
| Average DOM | 191 | 203 | 87 | 148 | 237 | 141 |
| Average SP/LP | 92% | 97% | 99% | 96% | 94% | 95% |
The Whaler at Kaanapali Beach
The Whaler at Kaanapali Beach condos for sale
| Whaler | Q2 2023 | 2022 | 2021* | 2020 | 2019 | 2018 |
| Sales | 2 | 8 | 24 | 7 | 16 | 17 |
| Volume | $2,485,000 | $14,931,500 | $29,712,000 | $7,480,000 | $19,000,000 | $19,765,000 |
| Low SP | $1,085,000 | $1,080,000 | $500,000 | $795,000 | $750,000 | $620,000 |
| High SP | $1,400,000 | $3,970,000 | $3,650,000 | $1,250,000 | $2,750,000 | $2,150,000 |
| Median SP | $1,242,500 | $1,575,000 | $945,500 | $1,100,000 | $945,000 | $1,100,000 |
| Average SP | $1,242,500 | $1,866,438 | $1,238,000 | $1,068,571 | $1,187,500 | $1,162,647 |
| Average SP/Sq. Ft | $2,292 | $1,959 | $1,524 | $1,266 | $1,380 | $1,318 |
| Average DOM | $36 | 85 | 116 | 150 | 173 | 165 |
| Average SP/LP | 108% | 98% | 98% | 91% | 95% | 94% |
| *Leasehold Sale occurred in this year | ||||||
If you are thinking of buying or selling in Kaanapali, please contact Courtney M. Brown for more detailed information on the market at each of these Kaanapali communities
Ka'anapali | All Condos for Sale
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.
This blog post was updated on 7/28/23. The MLS data charts were changed from a rolling 12 months to a rolling 6 months of data.
Posted by Courtney M. Brown onEnjoy this blog post? Click here to subscribe for updates
Leave A Comment