COVID19 UPDATE
Hawaii

Masters at Kaanapali: Sales Steady, Active Inventory Healthy

As part of my commitment to keeping the community informed about West Maui’s dynamic, micro-market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of the Masters at Kaanapali, Kaanapali’s premier residential hillside 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 year over year appreciation of 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 13 Masters sales this year compared to 16 in all of 2018. While the average sales price may look a down significantly, it’s a bit misleading as (6) of them were 1-bedroom transactions. Hence, producing a lower avg sale price in 2019 compared to 2018 (when there was only 1).
  • Currently there are 15 actively listed units for sale with an avg list price of $1.01M

Sales Sales & More Sales Data (click on the images/links for interactive)

Masters at Kaanapali Historical Sales Summary

Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $905,192 $854,115 94% -21% $677 208 13
2018 $1,160,231 $1,086,154 94% 59% $690 164 16
2017 $722,650 $684,500 95% -27% $582 229 6
2016 $977,529 $937,647 96% -3% $638 175 17
2015 $1,056,647 $966,006 91% 24% $662 179 17
2014 $825,333 $776,167 94% -10% $604 163 9

 

 

1 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $640,583 $619,083 97% 8% $676 237 6
2018 $575,000 $540,000 94% -6% $599 250 1
2017 $616,300 $575,000 93% -1% $633 171 3
2016 $607,333 $583,333 96% -10% $638 256 3
2015 $679,000 $650,000 96% 15% $659 144 3
2014 $598,000 $565,000 94% -5% $622 161 3

 

 

 

2 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $1,132,000 $1,055,571 93% -3% $677 183 7
2018 $1,160,231 $1,086,154 94% 37% $692 147 13
2017 $829,000 $794,000 96% -18% $531 288 3
2016 $1,018,417 $968,333 95% -2% $646 156 12
2015 $1,089,538 $992,469 91% 13% $657 187 13
2014 $939,000 $881,750 94% 5% $596 163 6

 

 

 

3 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 0
2018 $1,425,000 $1,325,000 93% 3% $720 230 2
2017 0
2016 $1,287,500 $1,285,000 100% -20% $596 164 2
2015 $1,795,000 $1,600,000 89% 13% $742 193 1
2014 0

The Current Masters at Kaanapali Active Market

Want to Know More?

If you are in the market for buying or selling Masters at Kaanapali 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.

Related Articles:

Kaanapali Beach, Reasons Why You’ll Love It

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life