Market Trends

Opukea at Lahaina Continues Hot Trend

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 Opukea, Lahaina Town’s premier local 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 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 Opukea market reports as they come available.

2019 Market Snapshot

  • Opukea sales have been moderately hot this year. In summary — volume is steady, avg sales prices are up  17%, and days on market well under the West Maui average for comparable property. This marks the 6th year in a row that Opukea has seen positive price growth.
  • Days on Market from time of listing to closing is averaging 139 days (West Maui average = 220 days). The comparative is from other West Maui condos communities that do not permit or allow vacation rentals.
  • Currently, there are 3 actively listed units for sale and 1 pending.

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

 

Opukea at Lahaina
Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2019 $687,863 $665,200 97% 17% $460 139 10
2018 $583,685 $567,262 97% 4% $432 92 13
2017 $559,122 $545,462 98% 2% $417 100 13
2016 $539,880 $534,533 99% 5% $387 139 20
2015 $510,021 $509,283 100% 10% $372 148 36
2014 $468,345 $462,292 99% 15% $354 76 13

Bedroom Bathroom Breakdown

Opukea at Lahaina
2 Bedroom
Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2019 $562,500 $545,000 97% 7% $437 100 2
2018 $521,129 $507,057 97% -1% $402 94 7
2017 $518,932 $510,917 98% 6% $408 83 6
2016 $482,038 $482,038 100% 6% $386 120 6
2015 $457,875 $456,054 100% 7% $362 143 14
2014 $437,686 $426,283 97% 12% $340 67 7

 

 

Opukea at Lahaina
3 Bedroom
Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2019 $663,271 $639,500 96% 0% $468 168 6
2018 $656,667 $637,500 97% 11% $467 89 6
2017 $593,571 $575,071 97% 9% $425 114 7
2016 $537,532 $529,703 99% 3% $389 149 12
2015 $516,241 $516,083 100% 2% $380 162 19
2014 $504,113 $504,302 100% 19% $371 86 6

 

2019 Opukea at Lahaina: Actives & Solds

Want to Know More?

If you are in the market for buying or selling Opukea 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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