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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.

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

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