Maui Real Estate Market Overview and Buyer Statistics: 2021

Many Sellers want to know where buyers of Maui County real estate call home (in this case, their legal residence).  Historically, buyers originate largely from the state of Hawaii.  In total, there were just 55 sales to foreign nationals out of 3,044 in 2021, accounting for just 2% of the sales volume (number of sales) and 3% of the dollar volume ($).   Buyers from the US represented 98% of the sales volume and 97% of the dollar volume.

The majority of Maui's buyers are Hawaiian residents, representing 64% of the sales volume (number of sales) and 50% of the sales volume ($).  California runs second with 15% of the sales volume and 19% of the dollar volume ($).  Washington follows as a

Pineapple Hill, Kapalua, Maui: residential market update

Sold: 320 Cook Pine Drive listed by Courtney M. Brown sold for $3,850,000.

About Pineapple Hill

Pineapple Hill is one of Kapalua's most popular residential communities.  A gated enclave developed in two sections, Pineapple Hill (now known as Pineapple Hill phase I), and Pineapple Hill Estates (2001).  Pineapple Hill was originally comprised of 99 homesites that were approximately a quarter acre in size.  Homes were restricted to one of six-floor plans (though later modifications would be allowed if the footprint was maintained with Design Review Committee Approval.  Custom homes were allowed if built on two or more contiguous lots.  Six such homes were constructed, which reduced the

Introducing 320 Cook Pine Drive, in Kapalua's Pineapple Hill

Dramatic sunsets are a nightly occurrence--the view from 320 Cook Pine Drive

320 Cook Pine Drive is a beautiful three-bedroom, three-and-a-half-bath home in Pineapple Hill.  Pocketing doors seamlessly integrate the living room with the lanai and open to the ocean views, framed by the outer islands of Molokai and Lanai.  The pool and spa are surrounded by lush landscaping, creating a tropical oasis in your own backyard. Downstairs you'll find the living room, dining room, gourmet kitchen and dining nook, a powder room, laundry and two gracious bedroom suites.  Upstairs, the primary bedroom suite features an oceanview bedroom, bathroom with soaking tub, steam room and walk-in shower, second

New to Market: Alaeloa 30, Napili, Maui

Alaeloa is one of Maui's hidden gems.  Behind the gates, off the Lower Honoapiilani Road, this small community is nestled along the Napili coastline.  With just 42 residences, a mix of free-standing cottages and duplexes, on 13 acres, this oceanfront enclave is reminiscent of the Maui of my childhood...the cottages are a nod to the Plantation Style of architecture, and the seaside pool is surrounded by a mango grove.  Owners have the ability to store kayaks and paddleboards, and the small bay is often home to turtles.  

When I met the owners of Alaeloa 30 and saw it for the first time, my eye was immediately drawn to the view.  The large lanai offers a vantage point that stretches down the coastline to

Kapalua Condominium Sales: 2021 Year End Report

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

Key Figures for Kapalua Condo Sales in 2021 by Complex

Market Spotlight: Montage Residences Kapalua Bay

Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared and 2021 is no exception. 

When originally developed as a Ritz-Carlton Club and Residences in 2008, the property was comprised of 84 wholly-owned three and four-bedroom residences, some of the largest condominiums available in West Maui.  These residences are known as the Grand Residences, and are located in buildings 1, 2, 5 and 6, have three and four bedrooms, and ranged from 2,789 to 4,055 sq. ft. 

The development also included 62 smaller two and three-bedroom residences that were offered as 1/12 ownership located in buildings 3 and 4.  When rebranded as the Montage Residences, all developer

Market Spotlight: Wailea Beach Villas

The boutique condominium property at Wailea Beach Villas is one of Wailea's most desirable communities.  The Wailea Beach Villas is a gated community with 99 residences in 9 buildings situated on 10.7 acres.  The hotel zoning allows vacation rentals, which makes it a popular option for owners that want to offset their operating expenses when not in residence.  The spacious residences combined with a variety of amenities and tropically landscaped grounds accented by tiki torches have garnered awards and accolades from Conde Nast, TripAdvisor, Booking.com, and Trivago.  Guests have access to two pools, a fitness center, a business center, billiards and game room, concierge service, and one of Maui's most

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.

Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic.  

The report notes "New Listings increased 2.9 percent for Single Family homes and 9.4 percent for Condominium homes. Pending Sales increased 14.0 percent for Single Family homes and 18.1 percent for Condominium homes. Inventory decreased 51.3 percent for Single Family homes and 81.4 percent for Condominium homes.

Median Sales Price increased 16.0 percent to $989,000 for Single Family homes and 29.3 percent to $725,000 for Condominium homes. Days on
Market increased 3.6 percent for Single Family homes but decreased 42.6 percent for

Market Spotlight: Montage Residences Kapalua Bay

Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared and 2021 is no exception. 

When originally developed as a Ritz-Carlton Club and Residences in 2008, the property was comprised of 84 wholly-owned three and four-bedroom residences, some of the largest condominiums available in West Maui.  These residences are known as the Grand Residences, and are located in buildings 1, 2, 5 and 6, have three and four bedrooms, and ranged from 2,789 to 4,055 sq. ft. 

The development also included 62 smaller two and three-bedroom residences that were offered as 1/12 ownership located in buildings 3 and 4.  When rebranded as the Montage Residences, all developer

Kapalua's Oceanfront Condominiums: the Coconut Grove Kapalua Bay, Kapalua Bay Villas, Kapalua Ironwoods, Montage Residences Kapalua Bay, and the Ritz-Carlton Residences, Kapalua

For prospective buyers of luxury oceanfront condominium residences in the Kapalua Resort there are several options that are directly oceanfront: the Coconut Grove on Kapalua Bay, Kapalua Bay Villas, The Ironwoods, the Montage Residences Kapalua Bay, and the Ritz-Carlton, Kapalua .  There are some very important differences: