Kaanapali Real Estate: Market Spotlight 2016: Q-1

The View from Kaanapali Alii 4-802, pending sale

One of Maui's most popular resort communities, Kaanapali offers a wide range of options including vacation rental and residential condominiums, homes and land.  With the first quarter of the year behind us, the following is an overview for each market segment comparing the first quarters of 2015 and 2016:

Kaanapali Condominiums

Active Listings 2016 Q-1: 224
Active Listings 2015 Q-1: 228
Percent Change: -2%

Sales 2016 Q-1: 32 | $40,386,500
Sales 2015 Q-1: 38 | $48,462,650
Percent Change: -16% | -17%

Average Sales Price 2016 Q-1: $1,262,078
Average Sales Price 2016 Q-2: $1,262,078
Percent Change: 1%

Kaanapali Homes

Active Listings 2016

Kapalua Real Estate: Market Spotlight 2016 Q-1

The Kapalua Resort offers many options to prospective buyers--everything from condos to homes, and even fractional ownership Residences at Kapalua Bay.  The following is a market overview for each market segment as of this posting:

Kapalua Homes:

Active Listings: 22
Price Range: $2,495,000 to $20,880,000
Average List Price: $6,53,790
Size Range: 3,522 sq. ft. to 12,072 sq. ft.

Pending Sales: 4
Price Range: $2,495,000 to $6,500,000
Average Listing Price: $3,621,250

Sales YTD: 5
Price Range: $2,150,000 to $4,950,000
Average Sales Price: $3,370,000

Sales 2015 YTD: 1
Price: 3,196,000

Commentary: There are five primary residential areas in Kapalua: Pineapple Hill and Pineapple Hill Estates,

Introducing the Montage Residences, Kapalua Bay: Residence 5202

This past week, the Montage Residences Kapalua Bay was awarded five stars by the prestigious Forbes Travel Guide.  Spa Montage was also awarded four stars, joining the ranks of 180 spas worldwide in the revered travel guide. 

The Montage Residences Kapalua Bay presents an incredible opportunity to own a luxurious private residence with the amenities and services of a five star hotel.

Montage Residences 5202 enjoys a westward orientation, perfect for watching sunsets while overlooking the world famous Kapalua Bay. The generous outdoor lanai offers ample room to entertain or just relax. Top of the line appliances and finishes throughout, this home has the added benefit of an

Maui Real Estate Market Overview and Statistics | 2015

One of the questions I'm asked most frequently, particularly by Sellers, is where do buyers of Maui properties originate?  There is often a misperception that the majority of our foreign buyers come from Asia.  While this might be true for Oahu's market (particularly Honolulu), it hasn't been the case for Maui County, which includes the islands of Molokai and Lanai. 

When looking for this information, I turn to Title Guaranty, one of Hawaii's most reputable Title and Escrow Companies, for their market research.  As you can see, the bulk of purchases made by foreign buyers of Maui real estate were Canadian, with 80 transactions in 2015, compared with only 3 from Japan, and none from China.

The Kaanapali Alii is one of West Maui's most popular resort condominium destinations.

Kaanapali Alii 3802 | Stunning renovated ocean view condominium for sale

We are pleased to represent Kaanapali Alii 3802.  Located overlooking the newly renovated courtyard of the Kaanapali Alii, 3802 enjoys a spectacular ocean view, as well as views of the beach and the tropical landscape below.  Imagine stepping into a beautifully renovated ocean view condominium residence in the heart of Kaanapali.

This popular condominium property is situated along Kaanapali Beach, just south of the shops and restaurants at Whaler's Village.  A popular vacation destination, many owners rent their condominiums when not in residence.  

KAANAPALI ALII | THE MARKET

The Hyundai Tournament of Champions 2016

The Kapalua Resort on Maui is known worldwide for it's spectacular golf courses.  Even more impressive are some of the condominiums, homes and estates that are nestled along the Plantation course and the Bay Course.

Televised during the Hyundai Tournament of champions is the Plantation Course and the surrounding 53 homes and home sites at the Plantation Estates.  At the time of this post, there are 8 homes for sale in the Plantation Estates, with list prices ranging from $4.8-7.75 Million.

The Bay Course, which is in the heart of the Kapalua Resort offers several options, both residential and condominium along it's wide open fairways:  Pineapple Hill and Pineapple Hill Estates, the Kapalua Ironwoods, the

Market Spotlight on the Montage Residences, Kapalua Bay

Since first being offered for sale in July of 2014, the Montage Residences Kapalua Bay has set record high condominium sales for West Maui at $8,250,000 for a four bedroom condominium residence, and achieved over $91 million in sales.  

Just a handful of oceanfront units remain at this popular property.  Built in 2009, it is one of the Kapalua Resort's newest oceanfront properties and allows vacation rentals, as a function of it's hotel zoning.

Managed by Montage Hotels and Resorts, the luxury hotelier has revived the property and added many wonderful features along with impeccable service and amenities. All current listings follow at the end of this post.

Additionally, resales of the