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Maui Kaanapali Villas: High Demand, Low to No Inventory

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 Maui Kaanapali Villas, Kaanapali’s premier resort oceanfront 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 – Strong Prices, High Demand

  • There have been only (3) MKV sales through 8 months of 2019, and a bit off pace from last year’s total of 12. However, this is a relatively 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 just 49 days average time on market from day listed to closing.
  • Note: The average 2019 DOM for West Maui short term vacation rental properties is 154 days.
  • There are no actively listed units available for sale and unit A503, currently in escrow, went under contract in 1 day of going on the market.

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 $771,000 $758,333 98% 42.6% $1,038 49 3
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 $941,500 $922,500 98% 75.2% $1,162 50 2
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 Historical Sales Summary (detailed)

The Current Maui Kaanapali Villas Market

Want to Know More?

If you are in the market for buying or selling Maui Kaanapali Villas 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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