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 Maui Kaanapali Villas, Kaanapali’s premier resort oceanfront 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 newsletter if you want to be notified of future market reports as they come available.
Neighborhood Snapshot – Strong Prices, High Demand
- There have been only (3) MKV sales through 8 months of 2019, and a bit off pace from last year’s total of 12. However, this is a relatively misleading statistic as very little inventory has come on to the market for sale. And when units have come on the market, high demand has followed producing just 49 days average time on market from day listed to closing.
- Note: The average 2019 DOM for West Maui short term vacation rental properties is 154 days.
- There are no actively listed units available for sale and unit A503, currently in escrow, went under contract in 1 day of going on the market.
Sales Sales & More Sales Data (click on the images/links for interactive)
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr | Price/sq ft | Avg – DOM | Total # Sold |
| 2019 | $771,000 | $758,333 | 98% | 42.6% | $1,038 | 49 | 3 |
| 2018 | $551,408 | $531,875 | 96% | -9.8% | $747 | 278 | 12 |
| 2017 | $622,750 | $589,917 | 95% | 15.1% | $825 | 256 | 6 |
| 2016 | $1,136,667 | $1,075,000 | 95% | 136.5% | $742 | 126 | 3 |
| 2015 | $539,500 | $512,344 | 95% | 12.7% | $757 | 249 | 4 |
| 2014 | $553,250 | $454,556 | 82% | 5.8% | $747 | 134 | 10 |
Sales By Bedroom/Bathroom
| Studio | |||||||
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr | Price/sq ft | Avg – DOM | Total # Sold |
| 2019 | $430,000 | $430,000 | 100% | 14.5% | $790 | 47 | 1 |
| 2018 | $386,112 | $375,688 | 97% | -0.9% | $742 | 228 | 8 |
| 2017 | $400,500 | $379,000 | 95% | -13.4% | $839 | 123 | 3 |
| 2016 | 0 | ||||||
| 2015 | $456,500 | $437,500 | 96% | 7.7% | 126 | 2 | |
| 2014 | $441,417 | $406,250 | 92% | 32.5% | 75 | 6 |
| 1 Bedroom | |||||||
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr | Price/sq ft | Avg – DOM | Total # Sold |
| 2019 | $941,500 | $922,500 | 98% | 75.2% | $1,162 | 50 | 2 |
| 2018 | $546,333 | $526,667 | 96% | -33.0% | $572 | 452 | 3 |
| 2017 | $822,500 | $786,250 | 96% | 33.9% | $855 | 425 | 2 |
| 2016 | 0 | ||||||
| 2015 | $622,500 | $587,188 | 94% | 11.8% | 299 | 2 | |
| 2014 | $637,500 | $525,000 | 82% | -4.5% | 222 | 2 |
| 2 Bedroom | |||||||
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr | Price/sq ft | Avg – DOM | Total # Sold |
| 2019 | 0 | ||||||
| 2018 | $1,889,000 | $1,797,000 | 95% | 116.5% | $1,306 | 156 | 1 |
| 2017 | $890,000 | $830,000 | 93% | -22.8% | $722 | 317 | 1 |
| 2016 | $1,136,667 | $1,075,000 | 95% | 38.7% | $742 | 126 | 3 |
| 2015 | 0 | ||||||
| 2014 | $804,500 | $775,000 | 96% | -16.2% | 224 | 2 |
Maui Kaanapali Villas Historical Sales Summary (detailed)
The Current Maui Kaanapali Villas Market
Want to Know More?
If you are in the market for buying or selling Maui Kaanapali Villas 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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