KAPALUA MARKET UPDATE: Q1 2024

The view from Ironwoods 62, a highly upgraded ocean view residence, currently listed for sale

Kapalua Condominiums:  Q1 2024 and a historical summary of sales

The Kapalua Resort 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. 

Kapalua Resort Condo Market*

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

The report notes:

U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR).

The rebound in home sales comes amid fluctuating mortgage rates and elevated sales prices, indicating there is plenty of buyer demand heading into the spring selling season.

New Listings increased 19.8 percent for Single Family homes and 46.5 percent for Condominium homes. Pending Sales decreased 4.3 percent for Single Family homes and 1.1 percent for

Introducing Alaeloa 44

Alaeloa is a hidden gem nestled along the picturesque coastline of Napili.  This tranquil and idyllic enclave is home to just 42 residences situated on 13 beautifully landscaped oceanfront acres.  

Alaeloa 44 is a beautifully renovated two bedroom residence with vaulted ceilings and a spacious lanai with views of the ocean and the neighboring island of Molokai.  Nestled in a mango grove, the property has the charm and feel of Old Hawaii.

Stunning Views  Stacking glass doors create a seamless living experience between the living room and lanai, with a focus on the view of the Napili  coastline and Molokai.

The kitchen is a dream beautifully remodeled to create a large kitchen island with seating for four, the

Spotlight on Launiupoko: One of West Maui's most popular neighborhoods

What is the Launiupoko Neighborhood like?

Nestled on the picturesque slopes of West Maui, Launiupoko is an enclave of large homesites with stunning views. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. 

In Launiupoko, you will note the presence of many CPR "Condominium Property Regime" Properties.  The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot

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

The report notes:

U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.

New Listings increased 2.4 percent for Single Family homes and 52.1 percent for Condominium homes. Pending Sales decreased 5.1 percent for Single Family homes but

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

"U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.

New Listings increased 41.7 percent for Single Family homes and 10.2 percent for Condominium homes. Pending Sales increased 35.6 percent for Single Family homes

Volunteering on Maui (and across Hawai'i) with Hawai'i Land Trust

ʻAʻohe hana nui ke alu ʻia. (No task is too big when done together by all.)

Hawaiʻi Land Trust depends on volunteer support from across the state to accomplish our mālama ʻāina goals and to uphold our kuleana to the lands we steward for our communities. Join us for one of our regularly scheduled volunteer days and get to know, and build relationship with, ʻāina!

REGISTER AND COMPLETE A WAIVER FOR AN UPCOMING WORKDAY ON OUR WEBSITE

VOLUNTEER ON MAUI
Waiheʻe Coastal Dunes & Wetlands Refuge, Maui 
Most Fridays, 2nd Saturdays for Loko Iʻa work and 3rd Saturdays for general mālama ʻāina
Next: Saturday, January 20th (general) and Saturday, February 10th (Loko Iʻa)
Register here.

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

"U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. Most of this period’s closed sales went under contract in October, when mortgage rates were at a two-decade high. With rates having dropped more than a full percentage point since then, existing-home sales may continue to pick up in the months ahead.

New Listings decreased 19.0 percent

Where can I Volunteer on Maui?  Volunteer Opportunities on Maui

Many have asked how they can give back since the terrible fires swept Maui County on August 8, 2023.  Lives in Upcountry Maui and Lahaina were changed forever, and the community has rallied to provide support.  Volunteer opportunities are extensive and here are a few resources you can use to find ways to give back to the island of Maui and its residents.

Maui Nui Strong

"Maui Nui Strong is provided by the County of Maui to help connect our residents, businesses, and visitors to useful information about Maui County, our diverse islands, and a variety of resources that help to promote thriving and vibrant communities. From here, you can launch into any number of explorations and

KAPALUA MARKET UPDATE: 2023 Year in Review

Photo of the Montage Kapalua Bay: Montage Residences 3704 is currently listed for sale
Image by HiFocused

Kapalua Condominiums:  2023 in Review

The Kapalua Resort 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. 

Kapalua Resort Condo Market*