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 Kaanapali, Kapalua, Lahaina, 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
- Kaanapali – $700K (1)
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
