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Condos

Kapalua Market Highlights 2017 West Maui Condo Sales

From a standpoint of units trading hands one by one, Kapalua’s condominium market has seen more growth in 2017 than any other area in West Maui. And while Lahaina was the only other district to experience positive growth in the condo sector (as of 11/28/2017), Kapalua’s 62% increase in units sold over 2016 is noteworthy in any year and one of the main reasons why West Maui’s condo category is on pace to have growth for the second consecutive year.

Kapalua’s Gold Coast – From Oneloa Bay to Kpalua Bay sits the Kapalua Bay Villas, the Montage Residences at Kapalua Bay and the beachfront Coconut Grove

Kapalua Condos – Things to Know for 2017 (and for 2018)

  • 52 total sales as of 11/29 (62% increase)
  • 29 sales under $1M
  • 23 over $1M
  • 15 over $3M
  • Low Sale $530K / High Sale $6.5M
  • Most Transactions – Kapalua Golf Villas (19 units or 37% of total sales volume) Average Price: $763K
  • Most Improved – The Bay Villas sold 30% more units (11) in 2017 than any other single year since 2007
  • Most Expensive Address – It’s a toss up. Coconut Grove averaged a higher price, but Montage Residences had more $4M+ sales
  • The Montage’s $49M in sales is 48% of the entire Kapalua district sales dollar volume amount (with just 11 transactions)
  • Currently there are 83 active Kapalua listings for sale (can link to each neighborhood below)

2017 Kapalua Condominium Sales (as of 11/28/2017)

# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Coconut Grove (no active list) 16 FS 3 3.5 2,638 $4,800,000 $4,500,000 $1,706 7/3/2017 32 Ocean
1 Coconut Grove 15 FS 3 3.5 2,280 $4,800,000 $4,550,000 $1,996 4/4/2017 130 Ocean
1 Coconut Grove 32 FS 3 3.5 2,638 $5,300,000 $4,900,000 $1,857 10/20/2017 94 Ocean
1 Coconut Grove F-22 FS 3 3.5 2,625 $5,000,000 $5,000,000 $1,905 6/1/2017 0 Ocean
4             Total $18,950,000      
   CG Historical Sales             Avg $4,737,500 $1,866   64
# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Kapalua Bay Villas II 31-B1 FS 1 1 1,006 $750,000 $725,000 $721 8/9/2017 78 Ocean
1 Kapalua Bay Villas II 25B-4 FS 1 1 1,006 $750,000 $744,000 $740 6/2/2017 80 Ocean
1 Kapalua Bay Villas II 33G1 FS 1 2 1,101 $875,000 $765,000 $695 6/8/2017 288 Ocean
1 Kapalua Bay Villas II 25-B3 FS 1 2 1,347 $949,000 $895,000 $664 4/7/2017 279 Other
1 Kapalua Bay Villas II 12 G-4 FS 1 1 1,006 $1,065,000 $950,000 $944 9/29/2017 480 Other
1 Kapalua Bay Villas II 34B4 FS 1 1 1,006 $1,060,000 $999,800 $994 4/4/2017 70 Other
1 Kapalua Bay Villas II 15B3 FS 1 1.5 1,193 $1,045,000 $1,005,000 $842 7/7/2017 168 Mtn/Ocean
1 Kapalua Bay Villas I 29B1-2 FS 2 3 1,447 $1,285,000 $1,250,000 $864 7/14/2017 56 Ocean
1 Kapalua Bay Villas I 21G5 FS 1 2 993 $1,300,000 $1,300,000 $1,309 2/15/2017 124 Ocean
1 Kapalua Bay Villas II 30-G3-4-5 FS 2 3 1,529 $1,695,000 $1,400,000 $916 7/24/2017 2205 Ocean
1 Kapalua Bay Villas II 30B3, 4 FS 2 3 1,697 $1,899,999 $1,725,000 $1,017 9/22/2017 235 Ocean
11             Total $11,758,800      
   KBV Historical Sales           Avg $1,068,982 $882   369
# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Kapalua Golf Villas 15T7,8 FS 1 2 972 $550,000 $530,000 $545 7/24/2017 847 Ocean
1 Kapalua Golf Villas 20V1 FS 1 1.5 899 $660,000 $620,000 $690 3/30/2017 990 Ocean
1 Kapalua Golf Villas 26V-1 FS 1 1.5 899 $650,000 $625,000 $695 1/23/2017 1042 Other
1 Kapalua Golf Villas 14V1 FS 1 1.5 899 $685,000 $660,000 $734 11/14/2017 173 Golf Course
1 Kapalua Golf Villas 24T3-4 FS 1 2 972 $700,000 $670,000 $689 7/5/2017 95 Ocean
1 Kapalua Golf Villas 16T5,6 FS 1 2 972 $730,000 $680,000 $700 3/23/2017 692 Mtn/Ocean
1 Kapalua Golf Villas 24T7,8 FS 1 2 1,032 $715,000 $685,000 $664 10/13/2017 284 Ocean
1 Kapalua Golf Villas 22T5\6 FS 1 2 972 $729,000 $720,000 $741 9/27/2017 125 Ocean
1 Kapalua Golf Villas 18V4 FS 1 2 899 $758,000 $725,000 $806 10/3/2017 280 Ocean
1 Kapalua Golf Villas 23V-2 FS 1 1.5 899 $799,000 $740,000 $823 8/11/2017 322 Ocean
1 Kapalua Golf Villas 20T5-6 FS 1 2 972 $750,000 $750,000 $772 10/18/2017 36 Ocean
1 Kapalua Golf Villas 24P-1,2 FS 2 2 1,344 $925,000 $835,000 $621 3/21/2017 378 Ocean
1 Kapalua Golf Villas 14P1,2 FS 2 2 1,344 $845,000 $845,000 $629 4/18/2017 66 Golf Course
1 Kapalua Golf Villas 14T67 FS 2 2 1,344 $880,000 $855,000 $636 9/1/2017 120 Golf Course
1 Kapalua Golf Villas 11T1-2 FS 2 2 1,407 $925,000 $865,000 $615 5/15/2017 532 Mtn/Ocean
1 Kapalua Golf Villas 23V3-4 FS 2 2 1,407 $929,000 $885,100 $629 8/28/2017 129 Ocean
1 Kapalua Golf Villas 19T6, 7 FS 2 2 1,344 $930,000 $910,000 $677 6/19/2017 423 Ocean
1 Kapalua Golf Villas 21P78 FS 2 2 1,344 $949,000 $939,999 $699 5/5/2017 78 Ocean
1 Kapalua Golf Villas 27V2 FS 2 2 1,350 $1,095,000 $960,000 $711 7/3/2017 641 Other
19             Total $14,500,099      
              Avg $763,163 $688   382
# Sold Building Name  Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Kapalua Ridge 1711 FS 1 2 1,342 $975,000 $950,000 $708 11/3/2017 210 Ocean
1 Kapalua Ridge 2911-13 FS 2 3 1,778 $1,499,000 $1,450,000 $816 9/13/2017 117 Ocean
2 Total $2,400,000      
              Avg $1,200,000 $762   164
# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Montage Residences Kapalua Bay 5202 FS 3 3.5 2,789 $3,395,000 $3,125,000 $1,120 10/25/2017 198 Ocean
1 Montage Residences Kapalua Bay 5301 FS 3 3.5 2,904 $4,065,000 $3,975,000 $1,369 7/14/2017 104 Ocean
1 Montage Residences Kapalua Bay 5304 FS 3 3.5 2,789 $4,150,000 $4,150,000 $1,488 11/9/2017 48 Ocean
1 Montage Residences Kapalua Bay 5401 FS 3 3.5 2,904 $4,250,000 $4,250,000 $1,464 11/3/2017 44 Ocean
1 Montage Residences Kapalua Bay 1304 FS 3 3.5 2,789 $4,250,000 $4,280,000 $1,535 10/10/2017 183 Ocean
1 Montage Residences Kapalua Bay 5503 FS 3 3.5 2,904 $4,500,000 $4,500,000 $1,550 7/31/2017 91 Ocean
1 Montage Residences Kapalua Bay 5501 FS 3 3.5 2,904 $4,500,000 $4,500,000 $1,550 8/1/2017 92 Ocean
1 Montage Residences Kapalua Bay 1202 FS 3 3.5 2,904 $4,850,000 $4,850,000 $1,670 11/9/2017 94 Ocean
1 Montage Residences Kapalua Bay 5603 FS 3 3.5 2,904 $4,900,000 $4,900,000 $1,687 6/14/2017 71 Ocean
1 Montage Residences Kapalua Bay 1203 FS 3 3.5 2,904 $4,950,000 $4,950,000 $1,705 8/1/2017 76 Ocean
1 Montage Residences Kapalua Bay 1505 FS 3 3.5 2,789 $6,700,000 $6,475,000 $2,322 6/7/2017 55 Ocean
11             Total $49,955,000      
   MRKB Historical Sales           Avg $4,541,364 $1,587   96
# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 Puna II (no active listings) 226 FS 0 1 418 $799,000 $785,000 $1,878 4/10/2017 122 Ocean
1 Puna II 229 FS 0 1 418 $825,000 $800,000 $1,914 4/28/2017 113 Ocean
2             Total $1,585,000      
              Avg $792,500 $1,896   118
# Sold Building Name Unit LT Bds Bths Liv-SF L Price Sold Price Price SQFT Closing Date DOM View
1 The Ritz Carlton Residences 1411 FS 1 1 870 $835,000 $790,000 $908 4/3/2017 107 Mtn/Ocean
1 The Ritz Carlton Residences 1717/1719 FS 2 2 1,323 $1,811,888 $1,811,888 $1,370 10/6/2017 182 Mtn/Ocean
1 The Ritz Carlton Residences 1226-1228 FS 2 2 1,477 $2,400,000 $2,100,000 $1,422 4/28/2017 497 Ocean
3             Total $4,701,888      
              Avg $1,567,296 $1,233   262  
                         
52               $103,850,787  

 

Wanna Know More?

If you are in the market for buying or selling Kapalua real estate, or have any questions about the neighborhood or West Maui real estate in general, please feel free to contact me. I’m happy to help free of any sales pitches.

For resourceful, one of a kind statistics, information, and updates relevant to the Kapalua market, visit Jeff.HawaiiLife.com  and sign up for my monthly newsletter – representing the areas of Lahaina, Kaanapali, and Kapalua.

Thanks for reading – Aloha!

Related Links:

Holy Smokes: Kapalua Condo Market Hitting Big

Mahana Ridge Estates: Kapalua’s New Luxury Residential Neighborhood

Kapalua’s Mahana Ridge Estates: Luxury Homesites Available For Sale

About the Author

Jeff Onderko R(B)

Jeff Onderko R(B) is a Realtor-Broker, 2017-19 Christie's International Luxury Real Estate Specialist 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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Susan

December 5, 2017

? Nice job

Jeff Onderko R(B)

December 7, 2017

> Thank you, appreciate you reading

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