Market Intelligence

Kaanapali Alii Market Stats First Half 2023

Aloha to you and yours. As promised, I wanted to update you on the real estate market at my favorite West Maui oceanfront complex. Kaanapali Alii has continued to perform well for owners and for visitors. As you may remember, we felt this complex was undervalued for its amazing location near Whaler’s Village in Kaanapali. We saw massive potential for owners with nightly rates for these fully furnished condominiums when compared to what one could get in a nearby Resort.

As expected, sales have been brisk. This is still one of the top properties that I suggest to Buyers and look forward to one day having our group of partners purchasing in here for ourselves. In the meantime, look at the sales history and review my videos of the property to familiarize yourself. When the time is right to discuss your Maui purchase or a sale of a property, my team and I are ready to take care of your real estate needs. A hui hou and enjoy the numbers.

Sales Over the Years

The chart below shows that we are due for a few sales to catch up with 2022. The rise in interest rates and property beach restoration project had an impact on early typical sales, etc.

average sales price on maui

Average Sales Price

This chart shows only one sale through May. June, we have 2 sold and 3 pending so this chart will look really different next time we look at it. The average sales price when we include the two sold this month is already higher than they were in the past two “unicorn” years.

average sales price vs list price

average price per square foot

Closed Sales

There was only one closed sale through May. Two more already closed in June and three are pending.

closed sales

Days on Market

We may not have moved much this year, but they are moving fast!

average days on market

Dollar Volume

dollar volume of closed sales

Look at These Numbers

While the year started out slow, we seem to be making up for lost time the past couple months at the Ali’i. We just had two close end of June with three pending. Two of the three sold at list price and the third brought in 93% of list price.

cma summary report

About Me

As a lifelong resident of Maui and realtor for over 20 years, I have a unique long-standing relationship with residents and visitors alike. I bring a deep understanding of the many layers and subtleties of Maui’s Real Estate industry. My broad ranging experience allows me to better understand and meet your needs. Whether you are buying or selling your first home, a second home, an investment property, looking to do a 1031 exchange or even large land transactions and subdivisions, I have done it all. I love water sports, mainly international competition in canoe paddling, one man canoe, surfing, paddle boarding, Jiu jitsu training, soccer, rugby, family time, friends, socializing, food, pets, work and staying active.

If you ever want to chat about what’s happening in the Real Estate market on Maui or have any questions on your equity, current options and their tax advantages or disadvantages or to discuss any other real estate needs, feel free to call, text or email. I am here for you!

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