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West Maui Brief & Market Area Sales Report: July 2016

For the year, West Maui sales volume still appears on a healthy trend over 2015. Land transactions are showing gaudy numbers at +50% for the year, with condos sales steady at +24% and residential homes at +12% over 2015. The luxury sector exploded with 5 sales of $3M or more in July, comprising 26% of the year’s volume of 19 total. At the entry end of the market, the lowest priced single family home sold for $525K and 4 condos sold for under $200K.

Masters at Kaanapali saw 3 properties close in July: Low $600K, High $1.15M

Masters at Kaanapali saw 3 properties close in July: Low $600K, High $1.15M

For a more in depth look of what happened:

69 properties sold (2016 still up 23% over 2015)
83 went under contract
72 properties came on the market
22 properties sold at $1M or more (32% of all July transactions over $1M)

Aina Nalu still remains a  strong vacation rental value: 2016 2 -Bed Avg Price $377K

Aina Nalu in Lahaina still remains a strong vacation rental value: 2-Bed Avg Price $377K for 2016

$185K was the lowest priced fee simple sale (Napili Ridge Condo)
$3.8M was the highest price sale (Montage Condo)
5 properties sold at-or-above $3M (4 homes, 1 condo)
11 properties sold at $400K or less

Wailele Ride Sales under way! The new lux condo development in Napili had 2 pending sales in July.

Wailele Ridge Sales underway! The new lux condo development in Napili had 2 pending sales in July.

Want to Know More?

For a complete list of West Maui January 2016 sales activity, please see the report links below.

West Maui Home & Land Sales July 2016
West Maui Condo Sales July 2016
West Maui Sales Volume thru July 2016

Thanks for taking the time to read! – If you have questions or comments about this article, or want information on West Maui real estate opportunities including your home’s value, please feel free to contact me. Or visit my website, which contains comprehensive stats covering the last 22 years of West Maui sales history. Aloha!

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 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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