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Lahaina Town Scores Highest Sales, Kaanapali Driving Market

Lahaina Town Scores Highest Sales, Kaanapali Driving Market

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

October 2018 brings a late season South Swell to Lahaina. Chris Cabrera evening glass off at Breakwall. Photo: Dan Comite

West Maui October Headlines

  • Lahaina Town has the highest home and condo sales of the month
  • 56 total sales transactions
  • 67 new listings came on the market (483 total)
  • The highest home sale was $4.69M (Lahaina Front St), the lowest was $998K (Kahana Ridge)
  • The highest condo sale was $3.4M (Lahaina Puamana), the lowest was $280K (Royal Kahana)

October Average Home Sale Prices

  • Kaanapali – $1.45M (2)
  • Kapalua – No sales
  • Lahaina – $4.69M (1)
  • Launiupoko – No Sales
  • Honoko/Kahana/Napili- $1.04M (2)

October Average Land Sale Prices

October Average Condo Sale Prices

  • Kaanapali – $787K (16)
  • Kapalua – $955K (1)
  • Lahaina – $821K (11)
  • Honoko/Kahana/Napili – $488K (22)

Through 10 Months 2018 versus 2017

  • 2018 West Maui volume is up 9% from 2017, but losing steam (last month 13%)
  • Condo sales up 15%, homes down -5%, and land down -33%
  • Kaanapali Homes Sales Up 63% while Launiupoko is down 42%. Another high note, Kapalua Home Sales are up 33%
  • Kaanapali Condo Sales leading the way with 31 % of the entire market (up 51%)
  • Absorption Rate = The rate at which homes are sold in a specific market over a specific time. This figure shows how long it will take to exhaust the inventory supply.
  • West Maui home, land, and condo inventory combined AR  – 8.41 months
  • Condo AR – 6.53 months
  • Home AR – 9.85 months

Work With Jeff

Have questions about the area(s) or the real estate market? From his work and life experience, Jeff has an expertise and love for Resort markets and Resort marketing. Get honest, professional assistance in determining current property value, differentiating available inventory, crafting a competitive offer, writing and negotiating & more. Feel free to contact him today.

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