West Maui Transactions Remain Healthy | Homes, Land & Condo Volume All Up
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.
November 2019 Headlines
- 74 sales in October (2019 avg/mo: 62)
- 83 properties went active on the market
- Total Sales Volume +2% over 2018, $1M+ = -3%
- Condos | 77% of all West Maui transactions
- Highest priced sales:
Home – $6M in Kapalua’s Plantation Estates
Condo – $2.85M at the Montage Kapalua Bay Residences
- Lowest priced sales:
Home – $610K in Napili’s Napilihau neighborhood
Condo – $206K at Leinani in Honokowai (1 bd/ba)
Inventory & Absorption Rate
Absorption Rate is the rate at which available homes are sold in a specific market over a specific time. This figure shows how long it will take to exhaust the current inventory supply. For this month’s update, there are 469 active properties and 720 sold in the past 12 months.
- West Maui home, land, and condo inventory combined AR – 7.8 months
- Home AR – 9.3 months
- Condo AR – 5.8 months
- Land AR – 43 months
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.