West Maui finished the year insanely strong with 91 sales in December — the highest monthly total in the past 15 years. In addition to volume, prices remain very healthy and trending upward, especially in the residential/single-family sector. For example, in December alone eight homes sold for more than $3M with one of those closing for $24M – it’s easy to see how the 26 transactions could end up averaging $2.7M/sale.
With that being said, 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 significantly more.
West Maui December 2020 Headlines
For further details on any of the statements below, please refer to the sales reports.
- For the year, West Maui alone had (10) trades $5M+ (5) trades at $8M+ and (3) north of $14M. By far the strongest of any single period in West Maui history. Prior to 2020, only 2 properties had ever sold for more than $14M.
- Demand is High as Days on Market Low – Comparatively & historically speaking, homes and land lots are moving quicker than usual, condos are around the norm.
2020 Notable Numbers
- Condos: Sales Volume – 8% | Total Sales Revenue – 8.5% ($473M)
- Homes: Sales Volume +20% | Total Sales Revenue +40%% ($330M)
- Land: Sales Volume -4% | Total Sales Revenue +10%% ($25M
Highest Priced Sales
- Home – $24M | Kapalua
- Condo – $3.55M | Kapalua
- Land – $950K | Kapalua
Lowest Priced Sales
- Home – $379K | Napilihau in Nap/Kah/Honokowai areas
- Condo – $111K | Maui Sands 1 in Nap/Kah/Honokowai areas
- Land – $375K | Kaanapali
