The Kapalua Resort: Market Update
June 1, 2021
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
$2,350,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
21.8
Acres
-
1,756
ft²
Residential
100 Ridge Rd, Unit 2323-24, Kapalua, HI
MLS® #403214
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Welcome To The Ridge 2323-24, A Stunningly Remodeled Gem Perched On The Top Floor Of Kapalua’s Prestigious Ridge Villas. This Exquisite Property Offers Breathtaking Views, Seamlessly Blending Casual Island Elegance With The Natural Beauty Of Kapalua. Nestle...
$11,800,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
2.18
Acres
-
5,366
ft²
Residential
223 Plantation Club Dr, Kapalua, HI
MLS® #403222
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
This Sprawling Super Private Single-story Estate Located In Kapalua's Gated Plantation Estates Community, Overlooks The 15th Green Of The Plantation Golf Course. It Offers Private Front Row Seats To The Sentry, The Calendar-year Opening Tournament Of The Pg...
REDUCED 6% 
$1,095,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,125
ft²
Residential
100 Ridge Rd, Unit 714, Kapalua, HI
MLS® #403133
Listed By: Real Broker LLC
Office Contact: hawaiisbest1@gmail.com
The Best Priced Home At Kapalua Ridge Offering Luxurious Quiet Island Living You Will Find elegance And Tranquility In This Exquisitely Upgraded Ground-floor, Single Level condominium At Kapalua Ridge, Unit 714. Located In The Intimate Northern Portion Of...
$8,500,000 Active Fee Simple
-
2
Beds
-
2½
Baths
-
28.04
Acres
-
2,558
ft²
Residential
1 Ritz Carlton Dr, Unit 1626, Kapalua, HI
MLS® #403115
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-870-7060
Wow! The Only Penthouse At The Ritz Carlton Kapalua Is Now Available! This Very Unique Condominium Apartment Encompasses The Entire Oceanside Top Floor Of The North Tower With Approximately 2,558 Square Feet Of Interior Living Plus A Lanai Of Approximatel...
$18,000,000 Active Fee Simple
-
4
Beds
-
4½
Baths
-
1.04
Acres
-
4,720
ft²
Residential
210 Naio Pl, Kapalua, HI
MLS® #403334
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-280-1080
An Exceptional Residence Where Uncompromising Attention To Detail And A Harmonious Fusion Of Comfort And Nature Create A Testament To Unparalleled Quality And Sophistication. Where Every Day Is An Opportunity To Savor The Beauty And Tranquility That Define...
REDUCED 9%
$1,995,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
21.8
Acres
-
1,778
ft²
Residential
100 Ridge Rd, Unit 413-15, Kapalua, HI
MLS® #402955
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Experience Luxury Living At Its Finest In This Spacious, Single-level 2 Bedroom, 3 Bath Villa At The Ridge At Kapalua. The Ridge Is Kapalua's Best-constructed (mostly Concrete), Low-density Condominium Residence Suitable For Permanent Living Or Vacation Ren...
