Classic & Unparalleled | Kaanapali Villas Flexing Muscles Amid SEE-O-VEE-I-D
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 Maui Kaanapali Villas, Kaanapali North Beach’s classic oceanfront resort condo community.
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 year over year appreciation of 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 newsletter if you want to be notified of future market reports as they come available.
2020 Maui Kaanapali Villas | Market Headlines
- -It’s an Undeniably Strong Seller’s Market | An Emphasized Hyper Demand for MKV.
- For perspective of non-Covid versus Covid market. Historically MKV averages 8 sales per year.
- This year, 7 have already sold with 4 others currently under contract.
- 2020 MKV sales are averaging ONLY 50 days on market from listing to closing date. Way way under West Maui’s resort condo average. What else shows hyper demand? Big, bad, full priced offers…that’s what!
- In the studio sector – 5 of the 7 units that have sold, did so at 100% of list price. One of them was $20K over asking. On the 1 bedroom side, both units that did sell sold 100% at or above list price. That’s 6 out 8 all 2020 sales at-or-above full price.-2 units are actively listed for sale.
Bedroom & Bathroom | Click on the images/links for interactive
Studio
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr % | Price/sq ft | Avg DOM | Total # Sold |
| 2020 | $555,880 | $532,880 | 96% | 23.9% | $940 | 49 | 5 |
| 2019 | $430,000 | $430,000 | 100% | 14.5% | $790 | 47 | 1 |
| 2018 | $386,112 | $375,688 | 97% | -0.9% | $742 | 228 | 8 |
| 2017 | $400,500 | $379,000 | 95% | -13.4% | $839 | 123 | 3 |
| 2016 | 0 |
1 Bedroom
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr % | Price/sq ft | Avg DOM | Total # Sold |
| 2020 | $752,500 | $762,500 | 101% | -6.6% | $829 | 58 | 2 |
| 2019 | $823,000 | $816,250 | 99% | 55.0% | $967 | 50 | 4 |
| 2018 | $546,333 | $526,667 | 96% | -33.0% | $572 | 452 | 3 |
| 2017 | $822,500 | $786,250 | 96% | 33.9% | $855 | 425 | 2 |
| 2016 | 0 |
2 Bedroom
| YEAR | Avg List Price | Avg Sale Price | % of list price | Yr Gr % | Price/sq ft | Avg DOM | Total # Sold |
| 2020 | 0 | ||||||
| 2019 | 0 | ||||||
| 2018 | $1,889,000 | $1,797,000 | 95% | 116.5% | $1,306 | 156 | 1 |
| 2017 | $890,000 | $830,000 | 93% | -22.8% | $722 | 317 | 1 |
| 2016 | $1,136,667 | $1,075,000 | 95% | 38.7% | $742 | 126 | 3 |
2020 Comparative Market Detail Report
| Building Name | Unit | LT | Bds | Bths | Liv-SF | L Price | Sold Price | Price/ Sq Ft | Closing Date | DOM |
| Maui Kaanapali Villas | A116 | FS | 0 | 1 | 544 | $469,000 | $469,000 | $862 | 10/21/2020 | 43 |
| Maui Kaanapali Villas | A118 | FS | 0 | 1 | 544 | $479,000 | $464,000 | $853 | 10/9/2020 | 43 |
| Maui Kaanapali Villas | A402 | FS | 1 | 1 | 920 | $775,000 | $775,000 | $842 | 9/11/2020 | 91 |
| Maui Kaanapali Villas | E288 | FS | 0 | 1 | 628 | $899,000 | $799,000 | $1,272 | 9/9/2020 | 87 |
| Maui Kaanapali Villas | A-318 | FS | 0 | 1 | 544 | $499,900 | $499,900 | $919 | 7/21/2020 | 38 |
| Maui Kaanapali Villas | P-11 | FS | 1 | 1 | 920 | $730,000 | $750,000 | $815 | 6/22/2020 | 24 |
| Maui Kaanapali Villas | C155 | FS | 0 | 1 | 544 | $432,500 | $432,500 | $795 | 6/12/2020 | 32 |
| AVG | $612,057 | $598,486 | $908 | 51 | ||||||
| MED | $499,900 | $499,900 |
Want to Know More?
If you are in the market for buying or selling Kaanapali real estate or have any questions about the area or the West Maui 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.
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