Chat with us, powered by LiveChat
Maui

Some Sizzle, but Volume Sluggish: West Maui April Real Estate Sales

Shame on me, I knew this would happen. As soon as I make a momentary (and somewhat bold) statement about “no signs of slowdown” in the West Maui real estate market, then suddenly and immediately out of the blue, there appears to be something to the contrary. Is it possibly, maybe…?

With that said, please find the most recent West Maui home, land, and condo sales reports for your review — covering Kaanapali, Kapalua, Lahaina, and Launiupoko. You’ll find real estate sales volume, days on market, list versus sold price, price per square foot, and more.

Epic Ocean & Molokai Island Views – Kapalua Bay Villas: May 6, 2019

West Maui April 2019 Headlines

  • 46 sales in April – (2018 avg/ month: 58)
  • 59 properties went active on the market
  • Montage Residences & Kaanapali Alii sell another just shy of $5M
  • Hoonanea at Lahaina Goes Quiet — Only 1 sale in 8 months (11 last year)
  • Aina Nalu in Lahaina Continues Hot Streak – 2 Bedroom Avg Price $540K
  • Highest priced sales: Home – $4.75M Condo – $4.95M
  • Lowest priced sales: Home – $870K Condo – $173K>

April Average Home Sale Prices

April Average Condo Sale Prices

April 2019 Things to Know

With prices still showing strength and on the rise some neighborhoods, what is the reason for my opening statement in this article? Well, just as I was gloating at the end of March about Q1 sales volume being up a gaudy 26% from 2018. After a so-so 46 transaction April, sales volume now sits at just +6% over last year BUT  68 new contracts in April could indicate this very well may just be a blip. The $1M+ market is more than healthy at +16% with condos showing especially strong at +36%.

In my book, sales volume is the health of the market and what we live and die by. Stay tuned.

Inventory & Absorption Rate = The rate at which available homes are sold in a specific market over a specific time. This figure shows how long it will take to exhaust the current inventory supply. In this month’s update, there are 469 active properties and 720 sold in the past 12 months.

  • West Maui home, land, and condo inventory combined AR – 7.8 months
  • Home AR – 10 months
  • Condo AR – 5.8 months
  • Land AR – 40.8 months

For homes, land and condo inventory priced $1M+ absorption rate is 15 months.

Want to Know More?

If you are in the market for buying or selling West Maui 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.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life