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
$1,590,000 Active Fee Simple
-
1
Beds
-
1
Baths
-
2.15
Acres
-
872
ft²
Residential
1 Ritz Carlton Dr, Unit 1125, Kapalua, HI
MLS® #402141
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Experience The Ultimate Luxury And Privacy In A Newly Reimagined Ritz Carlton Kaplaua Residences After A Perfect Maui Day. This Ground-floor Unit Opens Up Onto A Large Lawn And Is One Of The Most Private Settings In The Complex. This Popular Vacation Rental...
REDUCED 7% 
$6,495,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
11.13
Acres
-
2,827
ft²
Residential
32 Coconut Grove Ln, Unit 32, Kapalua, HI
MLS® #402124
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Discover The Epitome Of Luxury Living At Coconut Grove On Kapalua Bay, Maui's Most Exclusive Residential Condominium. Nestled On The Coveted Shores Of Kapalua Bay, Once Named The Best Beach In America, This Spacious 2nd Story 3-bedroom Residence Has A Groun...
$1,765,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
15.84
Acres
-
1,344
ft²
Residential
500 Kapalua Dr, Unit 17p7,8, Kapalua, HI
MLS® #402004
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5073
Front Row Golf Course Condominium Kapalua Golf Villas 17p7,8. An Ocean View Luxury Condominium Fronting The Kapalua Bay Course 4th Hole. The Kapalua Resort Is Located On The North End Of Maui Within A Tropical Green Environment. Near World Class Golf On The...
$1,795,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
15.84
Acres
-
1,344
ft²
Residential
500 Kapalua Dr, Unit 27p3-4, Kapalua, HI
MLS® #401948
Listed By: Lowson & Associates
Office Contact: laurie@lowson.com
Ocean And Kapalua Bay Course Fairway Views From This Upgraded 2 Bedrooms, 2 Bath Kapalua Golf Villa Abound. Beautifully Upgraded With An Attention To Detail This Villa Has New Window Coverings, New Furniture In Living Room And Guest Bedroom, New Paint, Floo...
$2,100,000 Active Fee Simple
Land
205 Keoawa St, Unit Lot 7, Kapalua, HI
MLS® #401773
Listed By: Polaris Pacific
Breathtaking Ocean Views From This Beautiful Lot Located In One Of The Islands Finest Developments. Imagine Watching Year Round Sunsets And On This Lush 6.09 Acre Parcel Located In Honolulu Ridge Phase Ii In The Plantation Estates. The Buildable Pad For You...
REDUCED 12%
$1,120,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,162
ft²
Residential
100 Ridge Rd, Unit 815, Kapalua, HI
MLS® #401754
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-280-2255
Enjoy The Ocean And Molokai Views From This Modern And Minimalistic Furnished Townhouse Style Villa In Kapalua Resort. The End Unit Location Allows For More Windows For Natural Light During The Day And Plantation Shutters Affords For Maximum Privacy In The...
