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:
Active Listings: 12
Price Range: $2,150,000 to $6,300,000
Average List Price: $3,537,791
Average LP/Sq. Ft.: $821
Average DOM: 258
Size Range: 3,522 sq. ft. to 8,172 sq. ft.
Pending Sales: 0
Sales 2016 YTD: 6
Price Range: $2,150,000 to $2,700,000
Average Sales Price: $2,353,333
Average SP/Sq. Ft.: $670
Average DOM: 275
Sales 2015 YTD: 7
Price Range: $1,975,000 to $3,350,000
Average Sales Price: $2,482,857
Average SP/Sq. Ft.: $623
Average DOM: 305
Honolua Ridge
Active Listings: 2
Price Range: $4,395,000 to $4,995,000
Average List Price: $4,695,000
Average LP/Sq. Ft.: $849
Average DOM: 233
Size Range: 4,574 sq. ft. to 6,248 sq. ft.
Pending Sales: 0
Sales 2016 YTD: 2
Price Range: $4,850,000 to $4,950,000
Average Sales Price: $4,900,000
Average SP/Sq. Ft.: $920
Average DOM: 271
Sales 2015 YTD: 1
Price: $3,495,000
Average SP/Sq. Ft.: $876
Average DOM: 174
Plantation Estates
Active Listings: 7
Price Range: $5,250,000 to $6,995,000
Average List Price: $5,953,571
Average LP/Sq. Ft.: $1,072
Average DOM: 133
Size Range: 4,118 sq. ft. to 8,179 sq. ft.
Pending Sales: 2
Price Range: $5,200,000 to $6,000,000
Average List Price: $5,600,000
Average LP/Sq. Ft.: $697
Average DOM: 269
Sales 2016 YTD: 1
Price: $6,470,000
Average SP/Sq. Ft.: $863
Average DOM: 44
Sales 2015 YTD: 2
Price Range: $3,575,000 to $5,700,000
Average Sales Price: $4,637,500
Average SP/Sq. Ft.: $920
Average DOM: 771
Kapalua Place
Active Listings: 1
Price Range: $17,600,000
LP/Sq. Ft.: $2,355
Average DOM: 225
Size Range: 7,475 sq. ft.
Oceanfront Private Point
Sold: 1
Price: $9,500,000
SP/Sq. Ft.: $2,367
DOM: 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%.
Kapalua Resort Homes for Sale
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