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Kaanapali Hillside | Prices Dip, Still At Top Of Buyer Desirability

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 Kaanapali Hillside, the Westside’s premier residential hillside 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 blog if you want to be notified of future market reports as they come available.

Kaanapali Hillside 2019/2020 | Market Headlines

  • The new year 2020 has already seen 1 property sell and 1 other go under contract
  • Currently 7 properties remain actively listed for sale ranging from $1.15M – $1.9M
  • 2019 saw a decline in average sales price by 8%. However, take into account 2018 was the highest average sales price the Kaanapali Hillside has seen since 2007 when the avg sales price was $1.685M. The all-time high for avg sales price was 2006 ($1.77M).
  • Pricing didn’t necessarily affect volume with 10 properties trading hands, keeping KH at the top of Buyer desirability. Historically (since 1996), approximately 10 properties sell per year.
  • While sales prices have declined a bit, the positive trade off appears to also be the significant decline in days on market. Whether this is price driven, or just attractive inventory, the result is a 60 fewer days market time for sellers in 2019 and the lowest since 2013 when the avg sale price was $1.1M.
  • Currently, there are 7 actively listed units for sale and 2 under contract.

Sales Sales & More Sales Data

Kaanapali Hillside Historical Sales Summary

Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2019 $1,469,675 $1,389,185 95% -9.9% $467 165 10
2018 $1,506,556 $1,542,125 102% 15.2% $460 229 13
2017 $1,404,750 $1,339,031 95% -0.1% $418 286 8
2016 $1,396,082 $1,340,052 96% -8.3% $378 312 11
2015 $1,590,857 $1,460,714 92% 2.5% $428 197 7
2014 $1,632,400 $1,424,500 87% 31.4% $394 222 10

Kaanapali Hillside Real Estate Comparative Market Analysis

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 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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Kaanapali Beach: Reasons Why You’ll Love it Here

Kaanapali Hillside Market Update | Fall 2019

About the Author

Jeff Onderko

Jeff Onderko is a REALTOR Broker with Hawai'i Life. West Maui Real Estate Broker, and ultra enthusiastic advocate of Maui's Lahaina, Kaanapali and Kapalua areas. I truly believe it's an honor & privilege to call Hawaii home. For 17 years now, West Maui is where I live, work and play. My team and I specialize in resort market home and condominium sales striving to deliver the highest level of professional service possible. With $50M+ sold, a panache for extensive statistical research and 100+ published real estate articles since 2015. I'm relevant, information driven and responsive. I bring a passionate energy, an entrepreneurial understanding and a client-first approach to my real estate business. Prior to becoming a Realtor, I was an independent publisher, starting and operating Maui, Kauai and Hawaii Real Estate Weeklies, Maui Time Weekly (partner), and in 2005, I was a Mayors Small Business Award finalist. In 2009, after seeing the demand and living in an under serviced pet market, alongside my Mom, Susan we opened West Maui Pet Supply. I started my career after college as an account executive with Orlando Weekly ultimately becoming their Advertising Director. Then I moved on to Advertising Sales Manager at Orange County Weekly, in Southern California. I am native of Detroit, Michigan, but grew up in Florida splitting time between Miami, Orlando and Cocoa Beach, Fl. I was a scholarship soccer player at the University of Central Florida and graduated with a BA from their School of Communication. Always attracted to healthy lifestyle, adventure, great weather, water sports and the outdoors, I moved to Maui in the summer of 2002. When the Realtor hat comes off, I'm active in the community coaching U-14 Boys Soccer (AYSO - West Side Pride) and I still play in the West Maui open division. I'm involved along with other fellow Hawaii Life comrades volunteering regularly at the Ka Hale A Ke Ola Shelter in West Maui and I'm on the Board of the Hawaii Life Charitable Fund. Through the outlet of the WM Pet Supply, I was heavily involved with the Maui Humane Society & ASCPA getting animals adopted & spayed/neutered. When I have free time you'll find me surfing, golfing, at the gym, a regular at yoga class, hanging at home with my animals or working in the backyard on my organic micro-farm (aka: food garden). You can email me at JeffOnderko@HawaiiLife.com or via phone at (808) 280-4881.

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