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Kapalua Plantation Estates | Recent Deals Closing Fast

As part of my commitment to keeping the community informed about West Maui‘s, micro-market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of Plantation Estates, Kapalua’s premiere, world-class luxury, residential golf and resort 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 yr over year appreciation if 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.

Kapalua Plantation Estates | Fall 2020 Market Headlines

  • To give perspective, only 1 residential property has sold thus far in 2020 and 2 are currently under contract.
  • 2 land lots have sold
  • However, in a neighborhood that averages 4-5 property sales in a 12 month period, this year’s storyline is not in the prices or in the number of sales at KPE.
  • The storyline is the speed in which this year’s offerings have gone off the market.
  • Historically speaking, the statistics say that never before have 2 residential properties at KPE sold with less than 100 days on market in a calendar year (from listing to closing day).
  • Well, history is about to change as KPE is about to have three and arguable four homes close with less than 50 days of time spent on the market. And to add to the script, the two land lots that sold this year both closed with ONLY 53 days on the market (again, from listing to closing day).
  • To explain the arguably comment above. The third property 229 Plantation Estates has actually been on the market for many years, but the sellers took it off the market and then came back with a $700K (15%) price reduction. The same property but a completely different price offering.
  • Currently, 8 homes are listed on the market for sale as are
  • 4 land lots

Plantation Estates: Historical Sales Summary (click on the images/links for interactive)

Year Avg List Price Avg Sales Price Price/ Sq Ft Yr Growth % % list versus sale DOM # Sold
2020 $4,250,000 $3,850,000 $1,036 -5% 91% 40 1
2019 $4,791,667 $4,040,000 $795 29% 84% 306 3
2018 $3,595,000 $3,131,100 $695 8% 87% 235 3
2017 $3,097,500 $2,887,500 $610 -43% 93% 78 2
2016 $5,542,500 $5,067,500 $848 20% 91% 216 4
2015 $5,163,000 $4,223,333 $806 28% 82% 366 3

Kapalua Plantation Estates Comparative Market Analysis

Want to Know More?

If you are in the market for buying or selling Kapalua 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:

Million Dollar West Maui | Ultra Lux Residential Market Selling

Kapalua Plantation Estates | Winter 2020 Market Report

 

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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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