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Million Dollar West Maui | The Nuts & Bolts

Million Dollar West Maui | The Nuts & Bolts

Ever wonder how the $1M real estate market compares to everything else? Given the nature of West Maui’s high-profile resort real estate environment, it’s an easy question, or assumption to make, “everything costs a $1,000,000+.” And plainly put, I’m here to share that in some/many neighborhoods of West Maui, it absolutely does.

Additionally, if the $1M luxury mark is an indicator of real estate health of what’s to come in the market, what sort of condition are we in?

In this article, I breakdown this $1M+ luxury threshold to give you a closer look and understanding of West Maui’s real estate sector through the million-dollar lens.

Million Dollar West Maui 2019

  • There were 207 sales transactions recorded for $1M or more (out of 774 total sales).
  • + 2% increase over 2018
  • Those 207 sales comprised 27% of the entire West Maui real estate market. 
  • Condo properties equaled 57% of all 2019 $1M+ sales (117).
  • Residential: 40% (82)
  • Land: 4% (8)

More: Kaanapali led in both homes and condo sales in excess of $1M+, making up 29% & 65% of the $1M+market. Kapalua was second in both.

Over $5M+ : 10 sales total. Condos and residential sales split 50/50% for all transactions in excess of $5M+ (5 each).

$1M+ West Maui Historical Summary

$1M+ sales have historically accounted for roughly 26-29% of the entire West Maui market over the past 5+ years.

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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