Hawaii

Masters at Kaanapali: Sales Steady, Active Inventory Healthy

As part of my commitment to keeping the community informed about West Maui’s dynamic, micro-market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of the Masters at Kaanapali, Kaanapali’s premier residential hillside 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 blog if you want to be notified of future market reports as they come available.

Neighborhood Snapshot

  • There have been 13 Masters sales this year compared to 16 in all of 2018. While the average sales price may look a down significantly, it’s a bit misleading as (6) of them were 1-bedroom transactions. Hence, producing a lower avg sale price in 2019 compared to 2018 (when there was only 1).
  • Currently there are 15 actively listed units for sale with an avg list price of $1.01M

Sales Sales & More Sales Data (click on the images/links for interactive)

Masters at Kaanapali Historical Sales Summary

Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $905,192 $854,115 94% -21% $677 208 13
2018 $1,160,231 $1,086,154 94% 59% $690 164 16
2017 $722,650 $684,500 95% -27% $582 229 6
2016 $977,529 $937,647 96% -3% $638 175 17
2015 $1,056,647 $966,006 91% 24% $662 179 17
2014 $825,333 $776,167 94% -10% $604 163 9

 

 

1 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $640,583 $619,083 97% 8% $676 237 6
2018 $575,000 $540,000 94% -6% $599 250 1
2017 $616,300 $575,000 93% -1% $633 171 3
2016 $607,333 $583,333 96% -10% $638 256 3
2015 $679,000 $650,000 96% 15% $659 144 3
2014 $598,000 $565,000 94% -5% $622 161 3

 

 

 

2 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 $1,132,000 $1,055,571 93% -3% $677 183 7
2018 $1,160,231 $1,086,154 94% 37% $692 147 13
2017 $829,000 $794,000 96% -18% $531 288 3
2016 $1,018,417 $968,333 95% -2% $646 156 12
2015 $1,089,538 $992,469 91% 13% $657 187 13
2014 $939,000 $881,750 94% 5% $596 163 6

 

 

 

3 Bedroom
Year Avg List Price Avg Sold Price List vs Sell Yr Gr $/Sq Ft DOM # Sold
2019 0
2018 $1,425,000 $1,325,000 93% 3% $720 230 2
2017 0
2016 $1,287,500 $1,285,000 100% -20% $596 164 2
2015 $1,795,000 $1,600,000 89% 13% $742 193 1
2014 0

The Current Masters at Kaanapali Active Market

Want to Know More?

If you are in the market for buying or selling Masters at 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.

Related Articles:

Kaanapali Beach, Reasons Why You’ll Love It

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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