KAPALUA MARKET UPDATE: First Quarter 2023

The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua

Kapalua Condominiums:  2018-Q1 2023

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

Key Stats by Community

How does the market in the first Quarter of 2023 stack up for each community when

Maui Real Estate Market Overview and Buyer Statistics: 2022

Many Sellers want to know where buyers of Maui County real estate call home (in this case, their legal residence).  Historically, buyers originate largely from the state of Hawaii.  In total, there were just 38 sales to foreign nationals out of 2067 in 2022, accounting for just 2% of the sales volume (number of sales) and 4% of the dollar volume ($).   Buyers from the US represented 98% of the sales volume and 96% of the dollar volume.

The majority of Maui's buyers are Hawaiian residents, representing 67% of the sales volume (number of sales) and 56% of the sales volume ($).  California runs second with 15% of the sales volume and 19% of the dollar volume ($).  Washington follows as a

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes:

"Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR). The sudden uptick in sales activity stems from contracts signed toward the beginning of the year, when mortgage rates dipped to the low 6% range, causing a surge in homebuyer activity. Pending sales have continued to improve heading into spring , increasing for the third consecutive month, according to NAR.

New Listings decreased 40.9 percent for Single Family homes and 46.2 percent for

Introducing 330 Cook Pine Drive: elevated living in Kapalua's Pineapple Hill Community

Sunset at Pineapple Hill from 330 Cook Pine Drive

This is a rare offering of of one of only six homes on an oversized lot in Pineapple Hill.  This gracious estate is nestled on a hill overlooking the Pacific Ocean framed by the neighboring islands of Molokai and Lanai.  

This private ocean view estate is situated on approximately a half-acre in one of Kapalua’s most popular neighborhoods, Pineapple Hill. Remodeled in 2018 with a contemporary, elegant island inspired design, this home is one of the most secluded in the community. 

The main home is comprised of a spacious living room with a fireplace and soaring ceilings, a gourmet kitchen and ocean view