A Look at the Resort Markets as compared with the overall Maui Real Estate Market.
Maui's Resort Markets of Kaanapali, Kapalua, Wailea
January 1-July 31, 2017 vs. January 1- July 31, 2016
Comparing the YTD sales in the resort markets with the same period in 2016, we are seeing more condo sales in Kapalua and Wailea and Makena, while in Kaanpali, condo sales is down. Inventory is increasing in the condo markets, with the exception of Wailea, which has an absorption rate of just 9.2 months. Part of the substantial growth in the Kapalua Condominium Market can be attributed to sales at the Montage Residences Kapalua Bay with 3 sales ranging from $3.795-$6.475M (which is the highest condominium sale on record for 2017 on Maui), and Coconut Grove
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