Kapalua Resort: Market Update June, 2021

Posted by Courtney M. Brown on Tuesday, June 1st, 2021 at 5:00pm.

The Kapalua Resort: Market Update 
June 1, 2021

Kapalua Maui

Market Overview: Kapalua Resort Condos, Homes and Land

Active Listings: 54
Price Range: $750,000-$9,900,000
Avg LP/Sq. ft.: $779
Avg DOM: 264
Pending Sales: 46
Price Range: $760,000-8,500,000
Avg LP/Sq. Ft.: $786
Avg DOM: 174

KAPALUA RESORT YTD 2021 YTD 2020 YTD Change 2020 Change
Sales 99 17 482% 65 52%
Volume $228,099,750 $29,759,100 666% $173,329,500 32%
Avg LP $2,422,861 $1,878,000 29% $3,065,305 -21%
Avg SP $2,304,038 $1,684,471 37% $2,666,607 -14%
SP/LP 96% 93% 3% 93% 3%
Avg SP/Sq. Ft. $803 $800 0% $897 -10%
Avg DOM 183 151 21% 176 4%


Note: Data is through 5.31.2021 and compares the same period of time in 2020.  Fractional sales at the Montage Residences, Kapalua Bay are not included in this summary

Similar to the housing markets across the US, the Kapalua Resort market is seeing a remarkable amount of activity in 2021 vs. the same period in 2020.  The total number of sales is up 482% and volume 666%.  The average sales price is up 37% over the same period in the prior year.  It's noteworthy that the average sales price/sq. ft. is level. This would be influenced by more vacant land sales (22 compared with 2 in 2020) added into the mix, with a 15-acre parcel selling in Honolua Ridge at just $2/sq. ft in 2021.  It is noteworthy that in 2021, the high SP/sq. ft. year to date is at the Montage Residences, where an oceanfront residence closed at $2101/sq. ft.   In 2020, the high was $1842/sq. ft. for an oceanfront residence at the Ironwoods.  

With pending sales currently at 46, the resort is on track to see sales volume 123% over that of 2020 at a very minimum.

Market Overview: Kapalua Resort Condominiums

Active Listings: 24
Price Range: $785,000-8,700,000
Avg LP/Sq. ft.: $1403
Avg DOM: 212
Pending Sales: 29
Price Range: $769,000-8,500,000
Avg LP/Sq. Ft.: $1141
Avg DOM: 193

KAPALUA CONDOS YTD 2021 YTD 2020 YTD Change 2020 Change
Sales 59 12 392% 40 48%
Volume $106,792,250 $16,166,000 561% $68,617,500 56%
Avg LP $1,876,784 $1,420,917 32% $1,806,947 4%
Avg SP $1,810,038 $1,347,167 34% $1,715,438 6%
SP/LP 96% 95% 1% 94% 2%
Avg SP/Sq. Ft. $1,035 $937 10% $1,000 4%
Avg DOM 193 162 19% 165 17%

Kapalua has seven different condominium communities.  There are the Bay Villas, Golf Villas, and Ridge Villas, which are a mix of one and two-bedroom condominium units (sometimes three-bedroom villas will pop up, when a two-bedroom villa has been modified) that can be rented short term.  The Ritz-Carlton Residences, Kapalua and Montage Kapalua Bay are luxury residences situated in five-star hotels.  The Coconut Grove and Ironwoods are low density, low-rise communities, with private garages.  Both the Coconut Grove and Ironwoods have restrictions in place regarding short-term rentals, lending a more residential feel to the properties.

The number of sales is up 392%, and volume is up 561%.   Average Sales Price is up 34%.  It's noteworthy that the DOM on market is also up, but the market is currently moving very swiftly at the lower end of the market, so this may be reflective of older, higher-priced inventory selling.

View Kapalua Condos for Sale

Market Overview: Kapalua Resort Homes 

Active Listings: 7
Price Range: $2,850,000-$9,900,000
Avg LP/Sq. ft.: $1105
Avg DOM: 342
Pending Sales: 4
Price Range: $2,600,000-$4,695,000
Avg LP/Sq. Ft.: $690
Avg DOM: 211

KAPALUA HOMES YTD 2021 YTD 2020 Change 2020 Change
Sales 18 3 500% 17 6%
Volume $95,627,500 $10,870,000 780% $90,787,000 5%
Avg LP $5,654,611 $4,391,667 56% $6,473,563 -13%
Avg SP $5,312,639 $3,623,333 47% $5,321,063 0%
SP/LP 94% 87% 8% 91% 3%
Avg SP/Sq. Ft. $1,009 $781 29% $1,043 -3%
Avg DOM 165 158 4% 156 6%

As people revaluated their living spaces shifting to homes over condos in both late 2020 and early 2021, the residential market in Kapalua saw an unprecedented amount of activity.  Condo sales seemed to pick up a bit later, as travel restrictions started to lift.  

Sales increased dramatically, particularly in the Pineapple Hill and Plantation Estates communities.  There are fewer homes in Honolua Ridge and Mahana Estates, though that is starting to change with some new construction underway.  

View Kapalua Homes for Sale

Market Overview: Kapalua Resort Land

Active Listings: 22
Price Range: $750,000-$7,250,000
Avg LP/Sq. ft.: $29
Avg DOM: 295
Pending Sales: 13
Price Range: $850,000-$2,900,000
Avg LP/Sq. Ft.: $23
Avg DOM: 119

KAPALUA LAND YTD 2021 YTD 2020 Change 2020 Change
Sales 22 2 1000% 8 175%
Volume $25,680,000 $1,600,000 1505% $13,925,000 84%
Avg LP $1,243,182 $850,000 55% $2,061,250 -40%
Avg SP $1,167,273 $800,000 46% $1,740,625 -33%
SP/LP 95% 94% 1% 89% 7%
Avg SP/Sq. Ft. $15 $11 36% $32 -53%
Avg DOM 173 74 134% 284 -39%

Across the Kapalua Resort, vacant land sales had the most dramatic increase of all, with sales in the new Mahana Estates development picking up.  There are only a handful of undeveloped lots left in Pineapple Hill and Pineapple Hill Estates.

View Kapalua Land for Sale

View all properties for sale in Kapalua

63 Properties Found. Page 1 of 11

Seller Financing At 4.99%! Located At Kapalua G...

Photo of Listing #404279

$1,299,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 15.84 Acres
  • 972 ft²

Residential

500 Kapalua Dr, Unit 21t5-6, Kapalua, HI

MLS® #404279

Listed By: Real Broker LLC
Office Contact: joshua@algluxury.com

Seller Financing At 4.99%! Located At Kapalua Golf Villas, This 1-bedroom, 2-bathroom Unit With A Versatile Bonus Room Offers A Rare Opportunity To Own A Slice Of Paradise With Highly Desirable Seller Financing. Enjoy Spectacular Golf Course And Ocean Views...

Get Ready To Fall In Love! This Direct Oceanfro...

Photo of Listing #404285

$2,900,000 Active Fee Simple

  • 2 Beds
  • 3 Baths
  • 16.45 Acres
  • 1,447 ft²

Residential

500 Bay Dr, Unit 28b2, Kapalua, HI

MLS® #404285

Listed By: Real Broker LLC
Office Contact: hawaiisbest1@gmail.com

Get Ready To Fall In Love! This Direct Oceanfront Condominium At The Exclusive Kapalua Bay Villas Is More Than Just A Home—it's A Front-row Seat To The Stunning Beauty Of Maui, Hawaii. Whether You're Sipping Your Morning Coffee Or Unwinding At Sunset, The B...

It Is All About The Views From Kapalua Golf Vil...

Photo of Listing #404258

$1,689,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 15.84 Acres
  • 1,384 ft²

Residential

500 Kapalua Dr, Unit 23p3,4, Kapalua, HI

MLS® #404258

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677

It Is All About The Views From Kapalua Golf Villas 23p3,4! Offering The Very Best Ocean, Island, West Maui Mountain, Golf-fairway And Resort Views Within The Kapalua Golf Villas Community, This Ground Floor, 2-bedroom, 2-bathroom Property Is Spread Across ...

Located Along The Kapalua Coast, This Oceanfron...

Photo of Listing #404203

$3,200,000 Active Fee Simple

  • 2 Beds
  • 3 Baths
  • 16.45 Acres
  • 1,503 ft²

Residential

500 Bay Dr, Unit 23b3, Kapalua, HI

MLS® #404203

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210

Located Along The Kapalua Coast, This Oceanfront Bay Villa Features Breathtaking, Unobstructed Views Of The Pacific Ocean, Molokai, And The Dramatic Coastline. With No Stairs To Access, This Is A Rare Single-level, Two-bedroom Villa--one Of Only Six Located...

Experience Tranquility And Scenic Beauty At Kap...

Photo of Listing #404216

$1,025,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.8 Acres
  • 1,162 ft²

Residential

100 Ridge Rd, Unit 2311, Kapalua, HI

MLS® #404216

Listed By: Ridge Realty Rentals LLC

Experience Tranquility And Scenic Beauty At Kapalua Ridge Villa 2311 Welcome To Kapalua Ridge Villa 2311, A Beautifully Updated 1-bedroom, 2-bath Townhouse In The Luxurious, Low-density Kapalua Resort On Maui. Overlooking The Renowned Kapalua Bay Course, Th...

Nestled Along The Kapalua Coast, This Single Le...

Photo of Listing #404146

$2,395,000 Active Fee Simple

  • 2 Beds
  • Baths
  • 16.45 Acres
  • 1,503 ft²

Residential

500 Bay Dr, Unit 37b2-4, Kapalua, HI

MLS® #404146

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210

Nestled Along The Kapalua Coast, This Single Level Two Bedroom Enjoys An Ideal Location At The Bay Villas. As You Step Into This Beautifully Designed Residence, You Are Greeted By Breathtaking Views Of The Pacific Ocean And Open Greenspace. The Spacious Ope...

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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