KAPALUA MARKET UPDATE: Q3 20
The view from 222 Crestview, Pineapple Hill Estates
Kapalua Condominiums, Homes and Land
Kapalua Condominiums
Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums. The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline. The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.
How does the market through the end of the third quarter of 2022 stack up for each community?
A FIVE-YEAR OVERVIEW
Coconut Grove on Kapalua Bay
| Coconut Grove | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 2 | 6 | 0 | 0 | 0 | 4 |
| Sales Volume | $10,990 | $29,000,000 | 0 | 0 | 0 | $18,950,000 |
| Low Sales Price | $5,300,000 | $3,700,000 | NA | NA | NA | $4,500,000 |
| High Sales Price | $5,690,000 | $6,250,000 | NA | NA | NA | $5,000,000 |
| Average Sales Price | $5,495,000 | $4,833,333 | NA | NA | NA | $4,737,500 |
| Average SP/Sq. Ft. | $2,240 | $1,883 | NA | NA | NA | $1,866 |
| Average DOM | 67 | 154 | NA | NA | NA | 64 |
| Average SP/LP | 93% | 97% | NA | NA | NA | 95% |
Kapalua Ironwoods*
| Kapalua Ironwoods | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 4 | 5 | 4 | 1 | 1 | 0 |
| Sales Volume | $16,750,000 | $17,020,000 | $12,050,000 | $2,300,000 | $3,000,000 | 0 |
| Low Sales Price | $2,300,000 | $1,500,000 | $1,150,000 | $2,300,000 | $3,000,000 | NA |
| High Sales Price | $6,250,000 | $4,150,000 | $4,200,000 | $2,300,000 | $3,000,000 | NA |
| Average Sales Price | $4,187,500 | $3,404,000 | $3,012,500 | $2,300,000 | $3,000,000 | NA |
| Average SP/Sq. Ft. | $1,729 | $1,634 | $1,412 | $1,065 | $1,391 | NA |
| Average DOM | 149 | 320 | 124 | 671 | 204 | NA |
| Average SP/LP | 95% | 92% | 88% | 93% | 92% | NA |
*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests. Those listings and sales are not accounted for in these figures.
Kapalua Bay Villas
| KAPALUA BAY VILLAS | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 9 | 30 | 7 | 14 | 7 | 11 |
| Sales Volume | $14,799,000 | $41,089,500 | $7,538,000 | $15,032,500 | $7,621,250 | $11,758,800 |
| Low Sales Price | $1,300,000 | $755,000 | $675,000 | $800,000 | $800,000 | $725,000 |
| High Sales Price | $3,200,000 | $2,900,000 | $1,900,000 | $1,485,000 | $1,600,000 | $1,725,000 |
| Average Sales Price | $1,642,111 | $1,369,650 | $1,076,857 | $1,073,750 | $1,088,750 | $1,068,982 |
| Average SP/Sq. Ft. | $1,452 | $1,104 | $876 | $287 | $872 | $882 |
| Average DOM | 62 | 232 | 149 | 287 | 258 | 287 |
| Average SP/LP | 100% | 97% | 92% | 93% | 95% | 93% |
Kapalua Golf Villas
| KAPALUA GOLF VILLAS | Q2 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Sales | 20 | 44 | 9 | 9 | 13 | 21 |
| Volume | $26,513,500 | $42,071,750 | $7,441,500 | $15,248,872 | $10,645,400 | $15,900,099 |
| Low SP | $940,000 | $600,000 | $600,000 | $595,000 | $575,000 | $530,000 |
| High SP | $1,949,000 | $1,400,000 | $1,200,000 | $1,010,000 | $1,200,000 | $960,000 |
| Average SP | $1,325,675 | $956,176 | $826,833 | $802,572 | $818,877 | $757,148 |
| Average SP/Sq. Ft | $1,201 | $856 | $749 | $677 | $678 | $694 |
| Average DOM | 82 | 122 | 124 | 165 | 155 | 351 |
| Average SP/LP | 101% | 99% | 94% | 97% | 98% | 96% |
Kapalua Ridge Villas
| KAPALUA RIDGE VILLAS | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Sales | 9 | 28 | 8 | 6 | 6 | 2 |
| Volume | $12,785,000 | $31,301,998 | $8,776,500 | $4,904,000 | $6,090,500 | $2,400,000 |
| Low SP | $1,250,000 | $775,000 | $650,000 | $650,000 | $849,000 | $950,000 |
| High SP | $1,900,000 | $1,700,000 | $1,487,500 | $1,487,500 | $1,487,500 | $1,450,000 |
| Average SP | $1,420,556 | $1,117,929 | $1,097,063 | $817,333 | $1,097,063 | $1,200,000 |
| Average SP/Sq. Ft | $1,167 | $813 | $701 | $653 | $701 | $762 |
| Average DOM | 65 | 165 | 222 | 253 | 230 | 164 |
| SP/LP | 100% | 97% | 96% | 96% | 97% | 97% |
Montage Residences Kapalua Bay
| MONTAGE RESIDENCES | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 9 | 27 | 9 | 21 | 12 | 12 |
| Sales Volume | $44,905,000 | $128,678,533 | $28,939,000 | $86,445,000 | $58,780,074 | $54,388,000 |
| Low Sales Price | $3,000,000 | $2,695,000 | $2,750,000 | $2,400,000 | $3,495,000 | $3,125,000 |
| High Sales Price | $8,000,000 | $13,295,000 | $4,159,000 | $7,950,000 | $8,950,000 | $6,475,000 |
| Average Sales Price | $4,989,444 | $4,765,872 | $3,215,444 | $4,116,429 | $4,898,340 | $4,532,333 |
| Average SP/Sq. Ft. | $1,999 | $1,742 | $1,407 | $1,556 | $1,572 | $1,582 |
| Average DOM | 132 | 152 | 170 | 173 | 230 | 100 |
| Average SP/LP | 97% | 98% | 99% | 97% | 100% | 99% |
Ritz-Carlton Kapalua Residences
| RITZ-CARLTON RESIDENCES | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 3 | 5 | 3 | 1 | 6 | 3 |
| Sales Volume | $4,629,000 | $9,655,000 | $3,872,500 | $900,000 | $6,694,888 | $4,701,888 |
| Low Sales Price | $990,000 | $945,000 | $735,000 | $900,000 | $830,000 | $790,000 |
| High Sales Price | $2,650,000 | $2,800,000 | $2,300,000 | $900,000 | $1,400,000 | $2,100,000 |
| Average Sales Price | $1,543,000 | $1,931,000 | $1,290,833 | $900,000 | $1,115,815 | $1,567,296 |
| Average SP/Sq. Ft. | $1,424 | $1,446 | $1,065 | $1,034 | $1,093 | $1,233 |
| Average DOM | 169 | 448 | 216 | 203 | 207 | 262 |
| Average SP/LP | 105% | 97% | 88% | 92% | 90% | 94% |
Key Figures for Kapalua Condo Sales in 2021 by Complex
| Key Stats | Coconut Grove | The Ironwoods | Kapalua Bay Villas | Kapalua Golf Villas | Kapalua Ridge Villas | Montage Residences | Ritz-Carlton Residences |
| Total Units in Complex | 36 | 40 | 141 | 186 | 161 | 112 | 107 |
| 2021 Sales | 6 | 5 | 30 | 44 | 28 | 27 | 5 |
| % Complex to Sell | 17% | 13% | 21% | 24% | 17% | 24% | 5% |
| Sales Volume | $29,000,000 | $17,020,000 | $41,089,500 | $42,071,750 | $31,301,998 | $128,678,533 | $9,655,000 |
| Low Sales Price | $3,700,000 | $1,500,000 | $755,000 | $600,000 | $775,000 | $2,695,000 | $945,000 |
| High Sales Price | $6,250,000 | $4,150,000 | $2,900,000 | $1,400,000 | $1,700,000 | $13,295,000 | $2,800,000 |
| Average Sales Price | $4,833,333 | $3,404,000 | $1,369,650 | $956,176 | $1,117,929 | $4,765,872 | $1,931,000 |
| Average SP/Sq. Ft. | $1,883 | $1,634 | $1,104 | $856 | $813 | $1,742 | $1,446 |
| Average DOM | 154 | 320 | 232 | 122 | 165 | 152 | 448 |
| Average SP/LP | 97% | 92% | 97% | 99% | 97% | 98% | 97% |
Kapalua's Residential Communities
Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place. There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.
KAPALUA HOMES SOLD
| KAPALUA HOMES | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 14 | 29 | 17 | 18 | 8 | 8 |
| Volume | $74,700,000 | $144,197,500 | $90,787,000 | $47,954,020 | $30,943,300 | $20,920,000 |
| Low Sales Price | $2,750,000 | $2,062,500 | $1,600,000 | $1,489,020 | $1,970,000 | $1,750,000 |
| High Sales Price | $7,900,000 | $15,000,000 | $24,000,000 | $6,000,000 | $12,000,000 | $3,550,000 |
| Average SP | $5,335,714 | $4,972,327 | $5,240,411 | $2,664,112 | $3,867,913 | $2,615,000 |
| Average SP/Sq. ft. | $1,112 | $982 | $1,063 | $715 | $755 | $663 |
| Average DOM | 193 | 227 | 151 | 270 | 355 | 184 |
| Average SP/LP | 97% | 94% | 91% | 92% | 89% | 93% |
KAPALUA LAND SOLD
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 17 | 58 | 8 | 2 | 0 | 5 |
| Sales Volume | $27,694,500 | $65,265,000 | $13,925,000 | $3,150,000 | $5,779,000 | |
| Low Sales Price | $845,000 | $700,000 | $850,000 | $1,300,000 | $715,000 | |
| High Sales Price | $3,700,000 | $2,600,000 | $8,000,000 | $1,850,000 | $1,400,000 | |
| Average Sales Price | $1,644,971 | $1,135,259 | $1,740,625 | $1,575,000 | $963,167 | |
| Average SP/Sq. ft. | $40 | $17 | $32 | $23 | $6 | |
| Average DOM | 209 | 178 | 284 | 60 | 471 | |
| Average SP/LP | 97% | 95% | 89% | 100% | 82% |
PINEAPPLE HILL & PINEAPPLE HILL ESTATES
Pineapple Hill & Pineapple Hill Estates Homes
Featured Listing: Click to view 222 Crestview
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 7 | 15 | 10 | 15 | 4 | 6 |
| Volume | $35,575,000 | $46,012,500 | $27,187,000 | $35,834,020 | $9,550,000 | $15,145,000 |
| Low Sales Price | $2,750,000 | $2,062,500 | $1,600,000 | $1,489,020 | $1,970,000 | $1,750,000 |
| High Sales Price | $7,900,000 | $4,850,000 | $3,750,000 | $3,200,000 | $2,680,000 | $3,550,000 |
| Average SP | $5,082,142 | $3,067,500 | $2,718,700 | $2,388,935 | $2,387,500 | $2,524,167 |
| Average SP/Sq. ft. | $1,023 | $768 | $696 | $692 | $588 | $680 |
| Average DOM | 134 | 160 | 137 | 262 | 325 | 219 |
| Average SP/LP | 96% | 95% | 95% | 94% | 92% | 93% |
Pineapple Hill & Pineapple Hill Estates Land
Featured Listing: Click to view 322 Cook Pine Drive
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 5 | 2 | 1 | 0 | 0 | 0 |
| Low Sales Price | $879,000 | $1,195,000 | $950,000 | NA | NA | NA |
| High Sales Price | $1,500,000 | $1,305,000 | $950,000 | NA | NA | NA |
| Average Sales Price | $1,157,400 | $1,250,000 | $950,000 | NA | NA | NA |
| Average SP/Sq. ft. | $101 | $62 | $87 | NA | NA | NA |
| Average DOM | 204 | 143 | 314 | NA | NA | NA |
| Average SP/LP | 100% | 100% | 90% | NA | NA | NA |
PLANTATION ESTATES AT KAPALUA
Plantation Estates Homes
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 4 | 6 | 3 | 1 | 1 | 1 |
| Volume | $24,225,000 | $32,635,000 | $13,850,000 | $6,000,000 | $3,000,050 | $3,200,000 |
| Low Sales Price | $5,425,000 | $4,025,000 | $3,750,000 | $6,000,000 | $3,000,050 | $3,200,000 |
| High Sales Price | $7,500,000 | $10,100,000 | $5,650,000 | $6,000,000 | $3,000,050 | $3,200,000 |
| Average SP | $6,056,250 | $5,439,167 | $4,616,667 | $6,000,000 | $3,000,050 | $3,200,000 |
| Average SP/Sq. ft. | $920 | $933 | $1,006 | $972 | $463 | $914 |
| Average DOM | 306 | 258 | 70 | 215 | 372 | 108 |
| Average SP/LP | 96% | 93% | 92% | 81% | 83% | 100% |
Plantation Estates Land
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 2 | 5 | 2 | 0 | 0 | 2 |
| Volume | $4,545,000 | $7,965,000 | $1,700,000 | 0 | 0 | $2,174,000 |
| Low Sales Price | $845,000 | $975,000 | $800,000 | NA | NA | $875,000 |
| High Sales Price | $3,700,000 | $2,600,000 | $900,000 | NA | NA | $1,299,000 |
| Average SP | $2,272,500 | $1,593,000 | $850,000 | NA | NA | $1,087,000 |
| Average SP/Sq. ft. | $22 | $15 | $9 | NA | NA | $12 |
| Average DOM | $618 | 226 | 53 | NA | NA | 211 |
| Average SP/LP | 96% | 97% | 81% | NA | NA | 84% |
HONOLUA RIDGE
Honolua Ridge Homes
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 1 | 4 | 1 | 2 | 2 | 1 |
| Volume | $5,300,000 | $25,500,000 | $3,850,000 | $6,120,000 | $6,393,250 | $2,575,000 |
| Low Sales Price | $5,300,000 | $5,000,000 | $3,850,000 | $2,850,000 | $3,000,000 | $2,575,000 |
| High Sales Price | $5,300,000 | $8,700,000 | $3,850,000 | $3,270,000 | $3,393,250 | $2,575,000 |
| Average SP | $5,300,000 | $6,375,000 | $3,850,000 | $3,060,000 | $3,196,625 | $2,575,000 |
| Average SP/Sq. ft. | $1,493 | $1,175 | $1,036 | $759 | $811 | $306 |
| Average DOM | $95 | 276 | 40 | 352 | 167 | 48 |
| Average SP/LP | 97% | 94% | 91% | 89% | 89% | 86% |
Honolua Ridge Land
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 6 | 9 | 1 | 0 | 0 | 4 |
| Volume | $11,837,500 | $13,365,000 | $850,000 | 0 | 0 | $3,605,000 |
| Low Sales Price | $1,163,000 | $805,000 | $850,000 | NA | NA | $715,000 |
| High Sales Price | $2,795,000 | $2,000,000 | $850,000 | NA | NA | $1,400,000 |
| Average SP | $1,972,917 | $1,485,000 | $850,000 | NA | NA | $901,250 |
| Average SP/Sq. ft. | $7 | $7 | $5 | NA | NA | $3 |
| Average DOM | 133 | 227 | 360 | NA | NA | 601 |
| Average SP/LP | 97% | 92% | 95% | NA | NA | 81% |
MAHANA ESTATES
Mahana Estates Homes
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 2 | 1 | 1 | 0 | 0 | 0 |
| Volume | $9,600,000 | $5,250,000 | $6,400,000 | 0 | 0 | 0 |
| Low Sales Price | $4,750,000 | $5,250,000 | $6,400,000 | NA | NA | NA |
| High Sales Price | $8,850,000 | $5,250,000 | $6,400,000 | NA | NA | NA |
| Average SP | $4,800,000 | $5,250,000 | $6,400,000 | NA | NA | NA |
| Average SP/Sq. ft. | $1,617 | $1,229 | $1,634 | NA | NA | NA |
| Average DOM | 224 | 52 | 122 | NA | NA | NA |
| Average SP/LP | 100% | 99% | 77% | NA | NA | NA |
Mahana Estates Land
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 4 | 42 | 3 | 2 | 0 | 0 |
| Volume | $5,795,000 | $41,435,000 | $2,425,000 | $3,150,000 | 0 | 0 |
| Low Sales Price | $1,200,000 | $700,000 | $800,000 | $1,300,000 | NA | NA |
| High Sales Price | $1,945,000 | $2,150,000 | $825,000 | $1,850,000 | NA | NA |
| Average SP | $1,448,750 | $986,548 | $808,333 | $1,575,000 | NA | NA |
| Average SP/Sq. ft. | $23 | $17 | $12 | $23 | NA | NA |
| Average DOM | 128 | 163 | 157 | 60 | NA | NA |
| Average SP/LP | 96% | 94% | 95% | 10000% | NA | NA |
KAPALUA PLACE & OCEANFRONT HOMES
| SOLD | Q3 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Number of Sales | 0 | 3 | 0 | 1 | 0 | |
| Volume | 0 | $34,800,000 | $39,500,000 | 0 | $12,000,000 | 0 |
| Low Sales Price | NA | $8,700,000 | $15,500,000 | NA | $12,000,000 | NA |
| High Sales Price | NA | $15,000,000 | $24,000,000 | NA | $12,000,000 | NA |
| Average SP | NA | $11,600,000 | $19,750,000 | NA | $12,000,000 | NA |
| Average SP/Sq. ft. | NA | $1,809 | $2,975 | NA | $1,605 | NA |
| Average DOM | NA | 489 | 425 | NA | 833 | NA |
| Average SP/LP | NA | 93% | 79% | NA | 80% | NA |
There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft. It will likely soon be developed.
If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,
Kapalua Resort | Condos, Homes & Land 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. Interested parties are advised to do their own due diligence and confirm all figures contained herein.
Posted by Courtney M. Brown onEnjoy this blog post? Click here to subscribe for updates
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