Maui

Whaler at Kaanapali: Prices Strong, High Demand

As part of my commitment to keeping the community informed about West Maui’s dynamic, micro market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of the Whaler at Kaanapali, Kaanapali’s iconic oceanfront resort condo community.

Whaler I & II – Kaanapali Beach’s iconic Twin Towers

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 of my property
    • Current Inventory: what is actively for sale and currently under contract

Neighborhood Snapshot

  • There have been 10 Whaler sales through 8 months of 2019, and on pace with the last year’s total of 16 (16 for 2017 as well). Studio & 1-bedroom units particularly have been in high demand producing just 61 & 91 days average time on market from day listed to closing. Note: The average 2019 DOM for West Maui short term vacation rental properties is 154 days. While the 2-bedroom sector has been pretty sluggish with the 2 units that sold this year spent 658 days on market.
  • Prices are once again up with the Whaler Avg sale price seeing positive growth for 4 consecutive years now, 2019 +6%
  • There are 9 actively listed units available for sale.

Before we dig into the numbers, make sure you subscribe to my blog if you want to be notified of future market reports as they come available.

The Sales Averages (click on the images/links for interactive)

 

Year Avg List Price Avg Sold Price List v Sale% Yr Gr Price/Sq Ft DOM # Sold
2019 $1,339,900 $1,231,500 92% 6% $1,373 195 10
2018 $1,253,681 $1,166,563 93% 3% $1,325 172 16
2017 $1,212,188 $1,128,556 93% 10% $1,209 210 16
2016 $1,467,111 $1,022,500 70% 33% $1,327 295 9
2015 $833,500 $769,875 92% -19% $1,006 204 5
2014 $999,676 $951,059 95% 10% $1,058 230 17

Sales By Bedroom/Bathroom

Studio
Year Avg List Price Avg Sold Price List v Sale% Yr Gr Price/Sq Ft DOM # Sold
2019 $831,667 $781,667 94% 7% $1,478 62 3
2018 $756,250 $728,750 96% 16% $1,383 147 4
2017 $674,333 $628,300 93% 1% $1,188 251 3
2016 $635,000 $620,000 98% -3% $1,144 245 1
2015 $675,000 $639,500 95% 6% $1,223 197 1
2014 $628,100 $602,800 96% 11% $1,138 147 5

 

1 Bedroom
Year Avg List Price Avg Sold Price List v Sale% Yr Gr Price/Sq Ft DOM # Sold
2019 $1,251,800 $1,159,000 93% 1% $1,282 91 5
2018 $1,234,390 $1,152,500 93% 14% $1,274 175 10
2017 $1,079,727 $1,007,000 93% -14% $1,114 216 11
2016 $1,254,833 $1,171,200 93% 44% $1,283 287 6
2015 $886,333 $813,333 92% -8% $952 206 4
2014 $930,400 $880,400 95% 6% $967 279 10

 

2 Bedroom
Year Avg List Price Avg Sold Price List v Sale% Yr Gr Price/Sq Ft DOM # Sold
2019 $2,322,500 $2,087,500 90% -1% $1,446 658 2
2018 $2,345,000 $2,112,500 90% -17% $1,463 193 2
2017 $2,747,500 $2,547,500 93% 14% $1,764 121 2
2016 $2,520,000 $2,237,500 89% 3% $1,550 343 2
2015 0
2014 $2,275,000 $2,175,000 96% 30% $1,314 197 2

Whaler at Kaanapali Historical Sales Summary (detailed)

The Whaler at Kaanapali Villas Market

Want to Know More?

If you are in the market for buying or selling Whaler at Kaanapali 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:

Kaanapali Beach, Reasons Why You’ll Love It

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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