KAPALUA MARKET UPDATE: Second Quarter 2023
The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua
KAPALUA RESIDENTIAL & VACANT LAND MARKET UPDATE
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.
In the first two quarters of 2023, there were five home sales:
| Address | Sold | Date | Beds | Baths | Sq. Ft. | Acres | DOM | $/Sq. Ft. | Subdivision | MLS # |
| 708 Fairway | $4,150,000 | 1/5/23 | 3 | 3.5 | 3,400 | 0.20 | 69 | $1,221 | Pineapple Hill | 397252 |
| 222 Crestview | $5,775,000 | 1/6/23 | 4 | 4.5 | 4,265 | 0.48 | 153 | $1,354 | Pineapple Hill Estates | 396647 |
| 116 Pulelehua | $4,300,000 | 5/12/23 | 4 | 4.5 | 4,081 | 0.47 | 250 | $1,054 | Pineapple Hill Estates | 396881 |
| 205 Plantation Club | $7,680,000 | 6/15/23 | 5 | 5.5 | 6,068 | 3.29 | 42 | $1,267 | Plantation Estates | 398796 |
| 708 Fairway | $4,400,000 | 6/27/23 | 3 | 3.5 | 3,238 | 0.20 | 43 | $1,359 | Pineapple Hill | 398877 |
KAPALUA HOME SALES BY COMMUNITY: Q2 | 2023 and a 5 Year Overview
PINEAPPLE HILL & PINEAPPLE HILL ESTATES
View Pineapple Hill & Pineapple Hill Estates Homes for sale
| Pineapple Hill Homes | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 4 | 7 | 15 | 10 | 15 | 4 |
| Volume | $18,625,000 | $35,575,000 | $46,012,500 | $27,187,000 | $35,834,020 | $9,550,000 |
| Low SP | $4,150,000 | $2,750,000 | $2,062,500 | $1,600,000 | $1,489,020 | $1,970,000 |
| High SP | $5,775,000 | $7,900,000 | $4,850,000 | $3,750,000 | $3,200,000 | $2,680,000 |
| Median SP | $4,350,000 | $4,825,000 | $2,700,000 | $2,625,000 | $2,300,000 | $2,450,000 |
| Average SP | $4,656,250 | $5,082,142 | $3,067,500 | $2,718,700 | $2,388,935 | $2,387,500 |
| Average SP/Sq. Ft. | $1,247 | $1,023 | $768 | $696 | $692 | $588 |
| Average DOM | 129 | 134 | 160 | 137 | 262 | 325 |
| Average SP/LP | 93% | 96% | 95% | 95% | 94% | 92% |
PLANTATION ESTATES AT KAPALUA HOMES
View Plantation Estates Homes for Sale
| Plantation Estates Homes | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 1 | 4 | 6 | 3 | 1 | 1 |
| Volume | $7,680,000 | $24,225,000 | $32,635,000 | $13,850,000 | $6,000,000 | $3,000,500 |
| Low SP | $7,680,000 | $5,425,000 | $4,025,000 | $3,750,000 | $6,000,000 | $3,000,500 |
| High SP | $7,680,000 | $7,500,000 | $10,100,000 | $5,650,000 | $6,000,000 | $3,000,500 |
| Median SP | $7,680,000 | $5,650,000 | $4,490,000 | $4,490,000 | $6,000,000 | $3,000,500 |
| Average SP | $7,680,000 | $6,056,250 | $5,439,167 | $4,616,667 | $6,000,000 | $3,000,500 |
| Average SP/Sq. Ft. | $1,266 | $920 | $933 | $1,006 | $972 | $463 |
| Average DOM | 42 | 306 | 258 | 70 | 215 | 372 |
| Average SP/LP | 97% | 96% | 93% | 92% | 81% | 83% |
HONOLUA RIDGE HOMES
View Honolua Ridge Homes for sale
| Honolua Ridge Homes | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 1 | 4 | 1 | 2 | 2 |
| Volume | 0 | $5,300,000 | $25,500,000 | $3,850,000 | $6,120,000 | $6,393,250 |
| Low SP | NA | $5,300,000 | $5,000,000 | $3,850,000 | $2,850,000 | $3,000,000 |
| High SP | NA | $5,300,000 | $8,700,000 | $3,850,000 | $3,270,000 | $3,393,250 |
| Median SP | NA | $5,300,000 | $5,900,000 | $3,850,000 | $3,060,000 | $3,196,625 |
| Average SP | NA | $5,300,000 | $6,375,000 | $3,850,000 | $3,060,000 | $3,196,625 |
| Average SP/Sq. Ft. | NA | $1,493 | $1,175 | $1,306 | $750 | $811 |
| Average DOM | NA | 95 | 276 | 40 | 352 | 168 |
| Average SP/LP | NA | 97% | 94% | 91% | 89% | 90% |
MAHANA ESTATES HOMES
| Mahana Estates Homes | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 2 | 1 | 1 | 0 | 0 |
| Volume | $0 | $9,600,000 | $5,250,000 | $6,400,000 | $0 | $0 |
| Low SP | NA | $4,750,000 | $5,250,000 | $6,400,000 | NA | NA |
| High SP | NA | $4,850,000 | $5,250,000 | $6,400,000 | NA | NA |
| Median SP | NA | $4,800,000 | $5,250,000 | $6,400,000 | NA | NA |
| Average SP | NA | $4,800,000 | $5,250,000 | $6,400,000 | NA | NA |
| Average SP/Sq. Ft. | NA | $1,617 | $1,229 | $1,098 | NA | NA |
| Average DOM | NA | 224 | 52 | 88 | NA | NA |
| Average SP/LP | NA | 100% | 99% | 77% | NA | NA |
KAPALUA PLACE & OCEANFRONT HOMES
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.
View Kapalua Place and Kapalua Oceanfront homes for sale
| Oceanfront Homes | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 0 | 3 | 2 | 0 | 1 |
| Volume | 0 | 0 | $34,800,000 | $39,500,000 | 0 | $12,000,000 |
| Low SP | NA | NA | $8,700,000 | $15,500,000 | NA | $12,000,000 |
| High SP | NA | NA | $15,000,000 | $24,000,000 | NA | $12,000,000 |
| Median SP | NA | NA | $11,100,000 | $19,750,000 | NA | $12,000,000 |
| Average SP | NA | NA | $11,600,000 | $19,750,000 | NA | $12,000,000 |
| Average SP/Sq. Ft. | NA | NA | $1,809 | $3,975 | NA | $1,605 |
| Average DOM | NA | NA | 489 | 425 | NA | 833 |
| Average SP/LP | NA | NA | 93% | 79% | NA | 80% |
KAPALUA LAND SALES
In the first quarter of 2023, there was just one lot sales to report in the Kapalua Resort, a two acre lot in the Plantation Estates sold for $1,525,000.
Pineapple Hill & Pineapple Hill Estates Land
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| Pineapple Hill Land | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 5 | 2 | 1 | 0 | 0 |
| Volume | 0 | $5,787,000 | $2,500,000 | $950,000 | 0 | 0 |
| Low SP | NA | $879,000 | $1,195,000 | $950,000 | NA | NA |
| High SP | NA | $1,500,000 | $1,305,000 | $950,000 | NA | NA |
| Median SP | NA | $1,090,000 | $1,090,000 | $950,000 | NA | NA |
| Average SP | NA | $1,157,400 | $1,250,000 | $950,000 | NA | NA |
| Average SP/Sq. Ft. | NA | $101 | $62 | $87 | NA | NA |
| Average DOM | NA | 204 | 143 | 314 | NA | NA |
| Average SP/LP | NA | 100% | 100% | 90% | NA | NA |
Plantation Estates Land
View Plantation Estates Land for Sale
| Plantation Estates Land | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 1 | 4 | 5 | 2 | 0 | 0 |
| Volume | 1 | $7,545,000 | $7,965,000 | $1,700,000 | 0 | 0 |
| Low SP | $1,525,000 | $845,000 | $975,000 | $800,000 | NA | NA |
| High SP | $1,525,000 | $3,700,000 | $2,600,000 | $900,000 | NA | NA |
| Median SP | $1,525,000 | $1,500,000 | $1,400,000 | $850,000 | NA | NA |
| Average SP | $1,525,000 | $2,272,500 | $1,593,000 | $850,000 | NA | NA |
| Average SP/Sq. Ft. | $17 | $18 | $15 | $9 | NA | NA |
| Average DOM | 409 | 407 | 226 | 53 | NA | NA |
| Average SP/LP | 76% | 88% | 97% | 81% | NA | NA |
Mahana Estates Land
View Mahana Estates Land for Sale
| Mahana Estates Land | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 5 | 42 | 3 | 2 | 0 |
| Volume | 0 | $7,670,000 | $41,425,000 | $2,425,000 | $3,150,000 | 0 |
| Low SP | NA | $1,200,000 | $700,000 | $800,000 | $1,300,000 | NA |
| High SP | NA | $1,945,000 | $2,150,000 | $825,000 | $1,850,000 | NA |
| Median SP | NA | $1,400,000 | $852,500 | $800,000 | $1,575,000 | NA |
| Average SP | NA | $1,534,000 | $986,548 | $808,333 | $1,575,000 | NA |
| Average SP/Sq. Ft. | NA | $29 | $17 | $12 | $23 | NA |
| Average DOM | NA | 119 | 163 | 157 | 60 | NA |
| Average SP/LP | NA | 96% | 94% | 95% | 100% | NA |
Honolua Ridge Land
View Honolua Ridge Land for Sale
| Honolua Ridge Land | Q2 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
| Number of Sales | 0 | 6 | 9 | 1 | 0 | 0 |
| Volume | 0 | $11,837,500 | $13,365,000 | $850,000 | 0 | 0 |
| Low SP | NA | $1,163,000 | $805,000 | $850,000 | NA | NA |
| High SP | NA | $2,795,000 | $2,000,000 | $850,000 | NA | NA |
| Median SP | NA | $1,962,500 | $1,300,000 | $850,000 | NA | NA |
| Average SP | NA | $1,972,917 | $1,485,000 | $850,000 | NA | NA |
| Average SP/Sq. Ft. | NA | $7 | $7 | $5 | NA | NA |
| Average DOM | NA | 133 | 227 | 360 | NA | NA |
| Average SP/LP | NA | 97% | 92% | 95% | NA | NA |
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 Homes for Sale
Kapalua Resort Homes 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.
This blog was updated on 7/28/23 and the interactive charts from the MLS were changed from rolling year of data to rolling 6 months.
Posted by Courtney M. Brown onEnjoy this blog post? Click here to subscribe for updates
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