Maui Real Estate Statistics: July, 2017
Posted by Courtney M. Brown on Friday, August 25th, 2017 at 12:13pm.
The Realtor's Association of Maui has released it's monthly report on Maui's real estate statistics for July 2017.
While there are fewer properties to sell when compared with 2016 and inventory is down, the Median Sales Price is up. For more information read: Maui Real Estate Statistics.
The resort market trends are also showing an upward trajectory, particularly condos in the resort areas of Wailea, Makena and Kapalua. Condo and home sales are down in Kaanapali. Home sales are also down in Kapalua, while up in Wailea. Though it should be noted--with such a small sampling, the statistics can vary widely at any given time.
To put it in perspective, there are 1877 condominiums and 1181 homesites in the Wailea Resort and 219 condominiums and 65 homesites in Makena (this excludes the new Discovery Land Project, which has a proposed 1100 properties). Our MLS groups Wailea/Makena into one area. By comparison, there are fewer properties in Kapalua, which is a far lower density resort per its community plan, with 755 total condominiums and 296 homesites. Surprisingly, the percentage sold of properties YTD is remarkably the same.
January-July 31, 2017 Sales by Resort Area and Type
| Area | Condos Sold | Total Condos | % Sold | Homes Sold | Land Sold | Total Homesites*** | % Sold |
| Wailea/Makena* | 92 | 2096 | 4% | 21 | 1 | 1246 | 2% |
| Kapalua Resort** | 28 | 755 | 4% | 3 | 3 | 296 | 2% |
More Detailed Reports can be found below:
- Kapalua Condo Market Update, July 2017
- Maui Resort Market Update, July 2017: Home and Condo Sales in Wailea/Makena, Kaanapali and Kapalua
*the Wailea/Makena figures do not include the new Discovery land project
**Kapalua Resort figures exclude Puna I and II. While these fall in the MLS district, they are not part of the resort. There is future development planned, so these figures do not include future development or project releases. One parcel in Plantation Estates II can be further subdivided into 8 parcels.
***Total Homesites--these are original subdivision figures for both condos and home sites. Some condo and some homesites have been combined to be one property. This is not reflected in the number above.
Information provided by Fidelity National Title and is believed to be accurate but is subject to change.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty