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West Maui Lux Sector Reaps Historic Highs | Residential Market Cranks Amid Covid

West Maui finished the year insanely strong with 91 sales in December — the highest monthly total in the past 15 years. In addition to volume, prices remain very healthy and trending upward, especially in the residential/single-family sector. For example, in December alone eight homes sold for more than $3M with one of those closing for $24M – it’s easy to see how the 26 transactions could end up averaging $2.7M/sale.

kaanapali golf course in west maui

With that being said, I am pleased to share with you 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 significantly more.

West Maui December 2020 Headlines

For further details on any of the statements below, please refer to the sales reports.

  • For the year, West Maui alone had (10) trades $5M+ (5) trades at $8M+ and (3) north of $14M. By far the strongest of any single period in West Maui history. Prior to 2020, only 2 properties had ever sold for more than $14M.
  • Demand is High as Days on Market Low – Comparatively & historically speaking, homes and land lots are moving quicker than usual, condos are around the norm.

2020 Notable Numbers

  • Condos: Sales Volume  – 8% | Total Sales Revenue – 8.5% ($473M)
  • Homes: Sales Volume  +20% | Total Sales Revenue +40%% ($330M)
  • Land: Sales Volume  -4% | Total Sales Revenue +10%% ($25M

2020 west maui sales volume

 

sale volume west maui homes condo and land

Highest Priced Sales

  • Home – $24M | Kapalua
  • Condo – $3.55M  | Kapalua
  • Land – $950K | Kapalua

Lowest Priced Sales

  • Home – $379K | Napilihau in Nap/Kah/Honokowai areas
  • Condo – $111K | Maui Sands 1 in Nap/Kah/Honokowai areas
  • Land – $375K | Kaanapali

 

west maui home sales december 2020

 

west maui market report home sales

west maui condo sales december 2020

market report for home sales in west maui

condo sales in west maui december 2020

land sales in west maui december 2020

Historical Median & Average Prices

_______West Maui Homes Median_______

west maui residential average sales price

Year Med Sold Price Med Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $1,175,000 -5.0% $2,001,559 15.9% 152 165
2019 $1,236,922 2.4% $1,727,294 -3.2% 173 137
2018 $1,207,500 9.8% $1,785,099 15.4% 188 130
2017 $1,100,000 4.8% $1,546,633 -3.0% 185 139
2016 $1,050,077 5.0% $1,595,145 14.0% 194 147
_______West Maui Condo Median_______

west maui condo price

Year Med Sold Price Med Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $635,500 9.6% $907,472 7.8% 181 521
2019 $579,500 1.7% $841,913 1.0% 182 614
2018 $570,000 4.2% $833,812 2.8% 157 549
2017 $547,000 8.0% $811,436 9.0% 164 482
2016 $506,250 -0.7% $744,555 -3.9% 211 490
_______West Maui Land Median_______

west maui land average price

Year Med Sold Price Med Price % Yr Gr Avg Sold Price Avg Price % Yr Gr DOM # Sold
2020 $787,500 5.0% $1,050,316 6.0% 186 24
2019 $750,000 -7.7% $990,609 1.1% 256 23
2018 $812,375 -1.5% $979,829 18.1% 526 22
2017 $825,000 -2.9% $829,477 -5.0% 293 33
2016 $850,000 32.3% $873,147 7.0% 294 49

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.

Related Articles

Big Trades | West Maui Residential Prices Remain Impressively Strong

Classic & Unparalleled | Kaanapali Villas Flexing Muscles Amid SEE-O-VEE-I-D

Opportunity & Lower Prices Driving Sales at Lahaina’s Aina Nalu

About the Author

Jeff Onderko R(B)

Jeff Onderko R(B) is a Realtor-Broker, 2017-19 Christie's International Luxury Real Estate Specialist 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 17 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 $50M+ sold, a panache for extensive statistical research and 100+ published real estate articles 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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