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Maui Kaanapali Villas | High Demand Drives Increase In Values

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 Maui Kaanapali Villas, Kaanapali North Beach’s classic oceanfront resort 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.

Maui Kaanapali Villas 2019 |Market Headlines

  • The theme of 2019 – Limited Inventory + High Demand = Increased Prices
  • 5 total sales in 2019 ( -58%).
  • However, this is a very misleading statistic as very little inventory has come on to the market for sale. And when units have come on the market, high demand has followed – producing a 99% list price to sell price ratio & an average time of only 49 days on market from day listed to closing.
  • The last sale, unit A503, went under contract in 1 day of going on the market.
  • 2019 Avg Sales Price – $739,000 (+39%).
  • Currently, there are no actively listed units available for sale

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

YEAR Avg List Price Avg Sale Price % of list price Yr Gr Price/sq ft Avg – DOM Total # Sold
2019 $744,400 $739,000 99% 38.9% $932 49 5
2018 $551,408 $531,875 96% -9.8% $747 278 12
2017 $622,750 $589,917 95% 15.1% $825 256 6
2016 $1,136,667 $1,075,000 95% 136.5% $742 126 3
2015 $539,500 $512,344 95% 12.7% $757 249 4
2014 $553,250 $454,556 82% 5.8% $747 134 10

Sales By Bedroom/Bathroom

Studio
YEAR Avg List Price Avg Sale Price % of list price Yr Gr Price/sq ft Avg – DOM Total # Sold
2019 $430,000 $430,000 100% 14.5% $790 47 1
2018 $386,112 $375,688 97% -0.9% $742 228 8
2017 $400,500 $379,000 95% -13.4% $839 123 3
2016 0
2015 $456,500 $437,500 96% 7.7% 126 2
2014 $441,417 $406,250 92% 32.5% 75 6

1 Bedroom
YEAR Avg List Price Avg Sale Price % of list price Yr Gr Price/sq ft Avg – DOM Total # Sold
2019 $823,000 $816,250 99% 55% $967 50 4
2018 $546,333 $526,667 96% -33.0% $572 452 3
2017 $822,500 $786,250 96% 33.9% $855 425 2
2016 0
2015 $622,500 $587,188 94% 11.8% 299 2
2014 $637,500 $525,000 82% -4.5% 222 2

2 Bedroom
YEAR Avg List Price Avg Sale Price % of list price Yr Gr Price/sq ft Avg – DOM Total # Sold
2019 0
2018 $1,889,000 $1,797,000 95% 116.5% $1,306 156 1
2017 $890,000 $830,000 93% -22.8% $722 317 1
2016 $1,136,667 $1,075,000 95% 38.7% $742 126 3
2015 0
2014 $804,500 $775,000 96% -16.2% 224 2

 

Maui Kaanapali Villas 2019 CMA Market Report

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.

Related Articles:

Kaanapali Beach, Reasons Why You’ll Love It

Maui Kaanapali Villas: High Demand, Low to No Inventory

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