Market Spotlight: Honua Kai May, 2022
The Honua Kai is Kaanapali's newest condominium development and one of the most desirable vacation destinations in West Maui. Built in three phases along Kekaa Beach on the North Side of Black Rock, the Honua Kai is comprised of three separate sections: Hokulani (2008), Konea (2009) and Luana Gardens (2018).
The Hokulani and Konea towers feature 627 studio, one, two and three-bedroom condominium residences. The 10 story buildings have central air conditioning, elevators and underground parking. The new addition of Luana Gardens weaves in a more contemporary residential component, with 72 three-bedroom residences. These low rise, two-story buildings feature private garages in three clusters, each around one of three pools.
Guests at Honua Kai have access to adult and family pools, hot tubs, BBQ Grills, Bar and Lounge, fitness center, the Aina Gourmet Market, elevators, valet and self-parking, concierge, porter/bellhop, Ho'ola Spa and Duke's Restaurant (this is a great place to whale watch as you take in the sunset).
Honua Kai: The State of the Current Market
| ACTIVE LISTINGS |
7 |
| Volume |
$19,293,000 |
| Low LP |
$1,650,000 |
| High LP |
$5,725,000 |
| Average LP |
$2,756,142 |
| Average LP/Sq. Ft. |
$2,432 |
| Average DOM |
48 |
| |
|
| PENDING SALES |
8 |
| Volume |
$20,355,000 |
| Low LP |
$1,495,000 |
| High LP |
$5,000,000 |
| Average LP |
$2,544,375 |
| Average LP/Sq. Ft. |
$2,426 |
| Average DOM |
88 |
As of the date of this post, the Honua Kai has seen 21 sales at a volume of $58,293,875 and an average sales price of $2,775,889 and $2,035/sq. ft. This is close to half of the sales volume ($) of last year in about 1/3 of the number sales at a significantly higher sales price per square foot.
Honua Kai Sales: A Historical Perspective
| Honua Kai |
Q1 2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
| Sales |
15 |
63 |
72 |
57 |
40 |
26 |
| Volume |
$43,999,875 |
$121,182,648 |
$137,972,250 |
$91,809,500 |
$64,235,287 |
$48,909,944 |
| Low SP |
$1,675,000 |
$807,500 |
$735,000 |
$774,000 |
$695,000 |
$675,000 |
| High SP |
$5,899,000 |
$5,400,000 |
$3,199,000 |
$3,300,000 |
$5,725,000 |
$3,775,000 |
| Average SP |
$2,933,325 |
$1,923,534 |
$1,916,281 |
$1,610,693 |
$1,605,882 |
$1,438,528 |
| Average SP/Sq. Ft |
$2,025 |
$1,498 |
$1,139 |
$1,190 |
$1,357 |
$1,286 |
| Average DOM |
84 |
137 |
404 |
318 |
117 |
126 |
| AVG SP/LP |
98% |
98% |
98% |
98% |
98% |
97% |
For more information on the Honua Kai condos for sale, contact Courtney M Brown, R(S) with Island Sotheby's International Realty
REDUCED 4% 
$1,150,000 Active Fee Simple
-
1
Beds
-
1
Baths
-
34.82
Acres
-
615
ft²
Residential
130 Kai Malina Pkwy, Unit Nr230, Kaanapali, HI
MLS® #402184
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
Take Advantage Of The Rare Opportunity To Own A One-bedroom Home At Honua Kai. Konea 230, Located On The Eastern Side Of The Konea Tower, Offers Upgraded Wood Look Flooring Throughout The Home. Sit On Your Supersized Lanai While Sipping On Your Morning Cof...
REDUCED 7%
$2,545,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
39.84
Acres
-
1,240
ft²
Residential
130 Kai Malina Pkwy, Unit Sr536, Kaanapali, HI
MLS® #402069
Listed By: Kaanapali Resort Realty LLC
This 5th Floor Sr536 Corner Units Offers Not Only An Ocean View, But Also The Beautiful Green West Maui Mountains. Just Below You Have The Large Expansive Green Beltway Lawn Area. This Sought After Corner Location Truly Brings The Outdoors In. Very Large La...
REDUCED 2%
$2,950,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
39.84
Acres
-
1,100
ft²
Residential
130 Kai Malina Pkwy, Unit Sr605, Kaanapali, HI
MLS® #400179
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
Simply The Best View! Hokulani 605, A Spacious 1,100 Sq. Ft. Two-bedroom Home Is Located In The Very Sought-after Inner-courtyard At Honua Kai Resort And Spa. And Even Better, It’s On The Top Floor. Positioned Only Two Homes From Oceanfront, It Captures A...
