COVID19 UPDATE
Condos

Big Trades | West Maui Residential Prices Remain Impressively Strong

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.

palm trees blowing in west maui

2020 west maui sales volume chart

graph of homes and condos sold on west maui

West Maui October 2020 Headlines

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

  • 52 Total Transactions
  • 11 home, 41 condo & 0 land sales
  • 2nd most since March 2020 |  However, (-30%) since same period 2019
  • 20% of October’s closings were from Lahaina’s new development Kahoma Village
    • Predominantly pre-sold in 2018/2019
  • Kaanapali & Lahaina Condo markets are the only sectors that have had any volume growth so far in 2020.
  • Residential Home prices remain impressively strong
  • West Maui did the equivalent in baseball of hitting for the cycle with a $1.9M, a $2M, a $3M $a 4.7M & a $15.5M sale
  • If we remove the mentioned Kahoma Village new development sales, then WM average home prices would have been well over $2M

october 2020 west maui home sales chart

october 2020 west maui condo sales chart

october 2020 west maui condo sales chart

  • Median Sales Prices
  • Homes: October $1.65M vs. September $1.485M
  • Condos: October $550K vs. September $580K
  • Land: n/a ($850K in September)
  • Highest Priced Sales
  • Home – $2.88M | Launiupoko
  • Condo – $3.46M  | Kapalua
  • Land – n/a
  • Lowest Priced Sales
  • Home – $763K | Lahaina
  • Condo – $265K | Napili Ridge in Nap/Kah/Honokowai areas
  • Land – n/a

Historical Median & Average Price Comparison

west maui average residential sales price graph

Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $1,175,000 -5.0% $1,922,501 11.3% 158 109
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 $641,000 10.6% $914,917 8.7% 192 420
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

west maui land sales price graph

Year Median Sold Price Median Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $800,000 6.7% $1,275,577 28.8% 195 14
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

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

Investors, Retreats & Crown Jewels | Recommended By Me, Not Listed By Me

Kapalua Plantation Estates | Recent Deals Closing Fast

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life