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Catch a Fire! West Maui Residential Market Blazes

The end of summer is bringing the heat to West Maui in more ways than one as more homes were sold in August 2017 than any other single month in over 10+ years. To understand the impact of this sales volume in a 30/31 day period, as of 7/31/2017, West Maui residential home sales were down -5%. At the close of August, the residential market was up 8%.

Sunset from Cliff House in Kapalua – Late August 2017

August home sales comprised 23% of the annual to date volume

And to give you an idea of how many West Maui homes sell per month on average, historically the number is about 11, or roughly 120-140ish per year. 24 can change the outlook quite immediately, just like 2 can (which we saw in February).

Other West Maui August Headlines

  • Kapalua: As Many Homes Sell in August Than Previous 7 Months Combined
  • Lowest Price: Maui Lani Terraces 1 Bedroom Condo sells for $230K (FS)
  • West Maui Real Estate Sales Down, Prices Up. Reason? We are primarily missing the raw land sales sector that transacted in 2016, mostly in Kaanapali & Launiupoko. Land volume by itself is down -23%. Condos – 13%. See report above for details.
  • 2 More Luxury Condos Sell For Over $4M
  • Average Home Sales Price in West Maui: $1.6M
  • Average Condo Sales Price in West Maui: $918K (Fee Simple)

West Maui Condo Sales PDF   /  West Maui Home & Land Sales PDF   /   West Maui Sales Volume

West Maui Luxury Digs

246 S Ulukoa Pl in the Kaanapali Golf Estates closed on 8/29 for $3.59M – Jeff Onderko & Hawaii Life represented the Buyers

Homes

  • 3 homes sold in August for $3M+
  • Highest Priced Sale: $4.25M, 67 Wili Okai Way – Puunoa/Launiupoko neighborhood
  • 47 active residential properties for sale $3M+
  • Absorption Rate: 33 months

Condos

  • 2 West Maui condos sold for $3M+
  • The Montage Residences at Kapalua Bay had both ($4.5M & $4.9M)
  • 34 active condominium properties for sale $3M+
  • Absorption Rate: 10 months

Want to Know More?

If you are in the market for buying or selling West Maui real estate or have any questions about the area or real estate in general, please feel free to contact me.

I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitches.

About the Author

Jeff Onderko

Jeff Onderko is a REALTOR Broker with Hawai'i Life. West Maui Real Estate Broker, and ultra enthusiastic advocate of Maui's Lahaina, Kaanapali and Kapalua areas. I truly believe it's an honor & privilege to call Hawaii home. For 17 years now, West Maui is where I live, work and play. My team and I specialize in resort market home and condominium sales striving to deliver the highest level of professional service possible. With $50M+ sold, a panache for extensive statistical research and 100+ published real estate articles since 2015. I'm relevant, information driven and responsive. I bring a passionate energy, an entrepreneurial understanding and a client-first approach to my real estate business. Prior to becoming a Realtor, I was an independent publisher, starting and operating Maui, Kauai and Hawaii Real Estate Weeklies, Maui Time Weekly (partner), and in 2005, I was a Mayors Small Business Award finalist. In 2009, after seeing the demand and living in an under serviced pet market, alongside my Mom, Susan we opened West Maui Pet Supply. I started my career after college as an account executive with Orlando Weekly ultimately becoming their Advertising Director. Then I moved on to Advertising Sales Manager at Orange County Weekly, in Southern California. I am native of Detroit, Michigan, but grew up in Florida splitting time between Miami, Orlando and Cocoa Beach, Fl. I was a scholarship soccer player at the University of Central Florida and graduated with a BA from their School of Communication. Always attracted to healthy lifestyle, adventure, great weather, water sports and the outdoors, I moved to Maui in the summer of 2002. When the Realtor hat comes off, I'm active in the community coaching U-14 Boys Soccer (AYSO - West Side Pride) and I still play in the West Maui open division. I'm involved along with other fellow Hawaii Life comrades volunteering regularly at the Ka Hale A Ke Ola Shelter in West Maui and I'm on the Board of the Hawaii Life Charitable Fund. Through the outlet of the WM Pet Supply, I was heavily involved with the Maui Humane Society & ASCPA getting animals adopted & spayed/neutered. When I have free time you'll find me surfing, golfing, at the gym, a regular at yoga class, hanging at home with my animals or working in the backyard on my organic micro-farm (aka: food garden). You can email me at JeffOnderko@HawaiiLife.com or via phone at (808) 280-4881.

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