West Maui End of Summer | Homes & Land Moving Faster, Condos Slowing

As it is my commitment to keeping the local community informed, I am pleased to share with you the most recent West Maui home, land, and condo sales reports for your review — covering Kaanapali, Kapalua, Lahaina, and Launiupoko. You’ll find real estate sales volume, days on market, list versus sold price, price per square foot, and significantly more.

West Maui August 2020 Headlines

For further details on any of the statements below, please refer to the sales reports.

• 59 sales in July | Highest total since March (2019 avg was 65/ month)
• New development in demand as Kaanapali’s Luana Kai and Lahaina’s Kahoma Village are selling strong (30% of all West Maui home & condo sales)
• Overall WM sales volume is down a modest -14% from previous year considering the shit storm our island’s personal & business environment has faced on in 2020 | The $1M+ market is only down 5%.
• Residential Days on Market is down roughly 20 days compared to 2019 while condo DOM is up more than 25 days.
• Land is moving fast, nearly 70 days on market faster than last year.
• Median Home Prices are down 10% | Condos prices up 12% | Land +7%

• Median Sales Prices
• Homes: August $1,147,500 July $829,635K
• Condos: August $745,000
• Land: $900,000

• Highest Priced Sales
• Home – $2.85M | Launiupoko
• Condo – $4.2M  | Kapalua Ironwoods
• Land – $8M | Kapalua Place

• Lowest Priced Sales
• Home – $718K | Lahaina’s Kahoma Village
• Condo – $60K | Honokowai East in Nap/Kah/Hono neighborhood
• Land – $800K | Plantation Estates, 2.14 acres

Historical Median & Average Price Comparison

• 
  

  Year	Median Sold Price	Median Price % Yr Gr	Avg Sold Price	Avg Price % Yr Gr	DOM	# Sold
  2020	$1,112,500	-10.1%	$1,811,011	4.8%	155	88
  2019	$1,236,922	2.4%	$1,727,294	-3.2%	173	137
  2018	$1,207,500	9.8%	$1,785,099	15.4%	188	130
  2017	$1,100,000	4.8%	$1,546,633	-3.0%	185	139
  2016	$1,050,077	5.0%	$1,595,145	14.0%	194	147

   

  

  Year	Median Sold Price	Median Price % Yr Gr	Avg Sold Price	Avg Price % Yr Gr	DOM	# Sold
  2020	$649,000	12.0%	$940,775	11.7%	208	328
  2019	$579,500	1.7%	$841,913	1.0%	182	614
  2018	$570,000	4.2%	$833,812	2.8%	157	549
  2017	$547,000	8.0%	$811,436	9.0%	164	482
  2016	$506,250	-0.7%	$744,555	-3.9%	211	490

   

  

  Year	Median Sold Price	Median Price % Yr Gr	Avg Sold Price	Avg Price % Yr Gr	DOM	# Sold
  2020	$800,000	6.7%	$1,308,313	32.1%	182	13
  2019	$750,000	-7.7%	$990,609	1.1%	256	23
  2018	$812,375	-1.5%	$979,829	18.1%	526	22
  2017	$825,000	-2.9%	$829,477	-5.0%	293	33
  2016	$850,000	32.3%	$873,147	7.0%	294	49

  Want to Know More?

  If you are in the market for buying or selling West Maui 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

  Maui Real Estate Post Co-Vid | New Contract Volume

  Million Dollar Maui | High-End Real Estate Gaining Traction

  West Maui Real Estate Hitting Wall | Lux Market Still Churning