Sales

Montage Residences at Kapalua Bay: Setting Sales Records

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 Montage Residences at Kapalua Bay, Kapalua’s exclusive, uber-luxurious, amenity infused oceanfront resort.

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.

Market Snapshot

  • Montage Kapalua Bay sales have been hot, to say the least in 2019, possibly even the hottest condo resort property in all of Hawaii.  There have been 18 Montage Residences Kapalua sales this year and with one currently under contract.
  • Sales prices remain exceptionally strong at the Montage, which is commanding 96% of list price and nearly a $4.5M average sale price in 2019. While on the surface, it looks like the prices have taken a dip, it’s a bit misleading as the Montage released Building #4’s Club Model units, which are smaller in size and set back farther from the ocean than the residence units (Hence, lower asking price).
  • Days on Market from time of listing to closing is averaging 171 days
  • Currently, there are 7 actively listed residences for sale and 1 under contract.

Montage Residences Kapalua Bay: Historical Sales Summary (click on the images/links for interactive)

 

YEAR Avg List Price Avg Sale Price Total Pr/Liv Sq ft Avg – DOM % of list price Yr Gr Total # Sold
2019 $4,390,278 $4,235,833 $1,596 210 96% -13.5% 18
2018 $4,918,750 $4,898,340 $1,572 230 100% 7.9% 12
2017 $4,591,818 $4,541,364 $1,587 96 99% -0.3% 11
2016 $4,594,444 $4,555,556 $1,516 147 99% 0.6% 9
2015 $4,530,000 $4,530,000 $1,609 168 100% -22.5% 9
2014 $5,881,250 $5,848,125 $1,735 68 99% 87.8% 8

2019 Actives & Solds

 

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.

Related Articles:

Kapalua’s Mahana Estates: Luxury Home Sites Now Selling

Kaanapali Beach, Reasons Why You’ll Love It

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 15 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 over 25 transactions in the past 24 months, a panache for extensive statistical research and 35+ West Maui real estate articles published 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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