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Kaanapali Sales Continue to Roar: West Maui Market Report

Turkey hangover, a recent move, a weekend excursion to the Big Island for WorthShop 8 and holiday planning have literally kept me in a publishing straightjacket the past 15 days, so my apologies for the delay in sharing with you the most recent West Maui home, land, and condo sales reports — covering KaanapaliKapaluaLahaina, and Launiupoko. You’ll find real estate sales volume, days on market, list versus sold price, price per square foot and more. Please stay tuned for my Annual West Neighborhood Power Index Report hitting HawaiiLife.com next month.

West Maui November Headlines

  • 40 Total Sales Transactions: Lowest Since 2 Months After 2016 Election (and that was the lowest in 10 years)
  • 103 New Listings Come on the Market (511 total)
  • Kaanapali Home and Condo Sales Roar
  • Highest Home Sale $3.6M (Makila 3 Launiupoko), Lowest was $875K (Kahana Ridge)
  • Highest Condo Sale $5.7M (Honua Kai, Kaanapali),  Lowest was $100K Leasehold (West Maui Trades)

Download 2018 Homes & Land Sold PDF

October Average Home Sale Prices

Download 2018 Condominiums Sold PDF

October Average Condo Sale Prices

Through 11 Months 2018 Versus 2017

  • 2018 West Maui volume is up +7% from 2017, but losing steam (last month +9% and the previous month +13%)
  • Condo sales up 14%, homes down -5%, and land down -33%
  • Home Sales Volume: Kaanapali and Kapalua Homes Sales Up – All others down
  • Condo Sales Volume: Nearly areas up – Kaanapali capturing 31% of entire market, Kapalua down -21%
  • Absorption Rate = The rate at which homes are sold in a specific market over a specific time. This figure shows how long it will take to exhaust the inventory supply.
  • West Maui home, land, and condo inventory combined AR  – 8.83 months
  • Condo AR – 6.73 months
  • Home AR – 11.53 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.

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 15 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 over 25 transactions in the past 24 months, a panache for extensive statistical research and 35+ West Maui real estate articles published 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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