Market Intelligence

Summer Fireworks Begin Early: West Maui Real Estate Report May 2018

As it is my commitment to keeping the local community informed, I am pleased to share with you the following West Maui land, condo, and home sales reports for your review — covering KaanapaliKapaluaLahaina, and Launiupoko. Find sales volume, days on market, list versus sold price, price per square foot, and more.

This spectacular 5 bedroom Launiupoko home and view is listed by Jeff Onderko and Hawaii Life Real Estate Brokers for $2.595,000. MLS #378020

For more extensive, detailed and comprehensive sales data for any of these areas or properties, please refer to Jeff.HawaiiLife.com/stats or feel free to contact me directly.

May Highlights

87 West Maui transactions — the most sales in a one month period by 13% in 10+ years.

Homes

  • Kapalua had 3 sales, including an oceanfront Kapalua Place property that records as the highest sale in West Maui this year at $12M.
  • Kaanapali Hillside had 4 of the 6 home sales in the Kaanapali area — Average price $1.377M. Kaanapali Golf Estates had the 2 others.
  • 12 of the 19 West Maui homes sold were over $1M (7 were under $1M)
  • With the help of the $12M Kapalua sale, the average sales price for May is a gaudy $2.013M
  • The lowest priced sale was tied between two Lahaina properties, both sold for $600K.

Condos

  • Papakea in Honokowai had the most sales (7), followed by Honua Kai in Kaanapali (6).
  • Montage Residences at Kapalua Bay had 3 sales over $3.4M — Two were over $5M and one at $7.75M (highest this month). Puamana had it’s 2nd ever sale over $3M
  • Kaanapali’s 24 sales made up 38% of the entire condo market for May
  • Low Sale — Two fee simple Maui Lani Terraces studio units sold for $210K

What’s Selling this Year?

West Maui has seen a 22% increase over the same period 2017

  • Kaanapali is on fire — for the year home sales are up 111% and condos 81%.
  • Kapalua is also continuing its hot streak trend from 2017 and is up 300% on the residential side, 31% on the condo side.
  • Lahaina Townhomes are in demand — sales volume is up 23% over 2017, and 2017 saw a 27% increase over 2016.
  • Launiupoko Land — Up 250% and twice as much has sold here than anywhere else.

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(B) 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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