Market Trends

Kapalua Bay Villas: Market Inventory High, Sales on Pace with 2018

As part of my commitment to keeping the community informed about West Maui’s resort laden, micro-market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of the Kapalua Bay Villas, Kapalua’s premier beachfront condo community.

What You’ll Find  

  • Actual Sales Prices: learn exactly how much specific properties sold for
  • Sales Volume: see the strength of the market in terms of how many properties sold
  • Days on Market: understand how long it takes the average property to sell
  • List Price vs. Sold Price: see how the final sales price compares to the listing price
  • Price Per Square Foot: which is critical in calculating real estate values
  • Asset % Growth: what is the yr over year appreciation if my property
  • Current Inventory: what is actively for sale and currently under contract

Before we dig into the numbers, make sure you subscribe to my blog if you want to be notified of future market reports as they come available.

Neighborhood Snapshot

  • There have been 7 Bay Villa sales this year, and with one under contract it is looking for certain KBV will improve on the 7 transactions all of last year.  From a price standpoint: The $966K 1-bedroom average sales price is a 3% increase over last year. However, 2-bedrooms are down 11% with an average sales price of $1.302M in 2019.
  • Days on Market from time of listing to closing is averaging 352 days for 2019
  • Currently, there are 18 actively listed units for sale and 1 under contract (roughly 2 1/2 years of available inventory)

KBV Historical Sales Summary (click on the images/links for interactive)

Year Avg List Price Avg Sold Price List Sell Yr Gr DOM # Sold
2019 $1,124,500 $1,062,143 94% -2% 352 8
2018 $1,143,714 $1,088,750 95% 2% 258 7
2017 $1,152,182 $1,068,982 93% 5% 369 11
2016 $1,119,000 $1,016,798 91% -3% 319 8
2015 $1,161,667 $1,051,667 91% -9% 542 3
2014 $1,249,667 $1,154,417 92% 0% 430 6

 

Bedroom Bathroom Breakdown

1 Bedroom
Year Avg List Price Avg Sold Price List Sell Yr Gr DOM # Sold
2019 $1,016,300 $966,000 95% 3% 184 5
2018 $1,002,200 $934,250 93% 1% 311 5
2017 $974,250 $922,975 95% 14% 196 8
2016 $873,400 $806,877 92% -7% 270 5
2015 $895,000 $870,000 97% -12% 312 1
2014 $1,074,750 $987,875 92% 1% 419 4

 

 

2 Bedroom
Year Avg List Price Avg Sold Price List Sell Yr Gr DOM # Sold
2019 $1,395,000 $1,302,500 93% -11.7% 771 2
2018 $1,497,500 $1,475,000 98% 1.1% 125 2
2017 $1,626,666 $1,458,333 90% 6.7% 832 3
2016 $1,528,333 $1,366,667 89% 6.4% 402 3
2015 $1,395,000 $1,285,000 92% -13.6% 1103 1
2014 $1,599,500 $1,487,500 93% 15.5% 452 2

2019 Sales & Active Market

Want to Know More?

If you are in the market for buying or selling Kapalua real estate or have any questions about the area or the market 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 pitch.

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