Leave a Message

Thank you for your message. I will be in touch with you shortly.

Explore Properties
Summer Fireworks Begin Early: West Maui Real Estate Report May 2018

Summer Fireworks Begin Early: West Maui Real Estate Report May 2018

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

This spectacular 5 bedroom Launiupoko home and view is listed by Jeff Onderko and Hawaii Life Real Estate Brokers for $2.595,000. MLS #378020

For more extensive, detailed and comprehensive sales data for any of these areas or properties, please refer to Jeff.HawaiiLife.com/stats or feel free to contact me directly.

May Highlights

87 West Maui transactions — the most sales in a one month period by 13% in 10+ years.

Homes

  • Kapalua had 3 sales, including an oceanfront Kapalua Place property that records as the highest sale in West Maui this year at $12M.
  • Kaanapali Hillside had 4 of the 6 home sales in the Kaanapali area — Average price $1.377M. Kaanapali Golf Estates had the 2 others.
  • 12 of the 19 West Maui homes sold were over $1M (7 were under $1M)
  • With the help of the $12M Kapalua sale, the average sales price for May is a gaudy $2.013M
  • The lowest priced sale was tied between two Lahaina properties, both sold for $600K.

Condos

  • Papakea in Honokowai had the most sales (7), followed by Honua Kai in Kaanapali (6).
  • Montage Residences at Kapalua Bay had 3 sales over $3.4M — Two were over $5M and one at $7.75M (highest this month). Puamana had it’s 2nd ever sale over $3M
  • Kaanapali’s 24 sales made up 38% of the entire condo market for May
  • Low Sale — Two fee simple Maui Lani Terraces studio units sold for $210K

What’s Selling this Year?

West Maui has seen a 22% increase over the same period 2017

  • Kaanapali is on fire — for the year home sales are up 111% and condos 81%.
  • Kapalua is also continuing its hot streak trend from 2017 and is up 300% on the residential side, 31% on the condo side.
  • Lahaina Townhomes are in demand — sales volume is up 23% over 2017, and 2017 saw a 27% increase over 2016.
  • Launiupoko Land — Up 250% and twice as much has sold here than anywhere else.

 

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.

Follow Jeff On Instagram