Posted
by Courtney M. Brown
on Friday, August 13th, 2021 at 12:30pm.
Pineapple Hill, Kapalua, Maui: Market Update August, 2021
1202 Summer closed for $3,700,000 in April, 2021
About Pineapple Hill:
Nestled on the leeward side of the Kapalua Resort, Pineapple Hill is one of the resort's most popular residential communities. The first phase is comprised of homes on lots of approximately a quarter acre, although you do see larger homes built on two or more contiguous lots. In 2001, Pineapple Hill Estates was annexed into the development and is comprised of lots approximately a half an acre in size.
Owners in Pineapple Hill have access to a community pool, tennis and pickleball courts, and beautifully landscaped grounds.
Pineapple Hill Market Overview: Where are we now, and how has the market changed?
As with much of the US, homes have become very desirable here on Maui and Pineapple Hill is no exception. Home inventory is very low with just three homes actively listed for sale, all in Pineapple Hill Phase I. One is situated on a single lot, listed at $2,850,000. There are two homes, each on a double lot, listed at $4,995,000 and $8,995,000. View Pineapple Hill Homes for Sale
There are more vacant lot listings, with five total: three listings in Pineapple Hill Phase I ranging from $879,000 to $1,090,000, and two lots in Phase II listed at $1,195,000 and $1,200,000. View Pineapple Hill Land for Sale
Pineapple Hill Home Sales Year to Date
Address
List Price
Sold Price
Closing Date
Beds
Baths
SQ. FT.
Land Acres
Days On Market
$/SQ.FT.
Built
MLS #
708 Fairway Dr
$2,825,000
$2,700,000
1/5/21
3
3.5
3,238
0.20
22
$834
1988
389627
1214 Summer Rd
$2,950,000
$2,700,000
1/25/21
3
3.5
3,598
0.26
182
$750
1994
387922
114 Woodrose Pl
$2,330,000
$2,062,500
2/25/21
3
4
3,560
0.35
288
$579
1997
387021
508 Pacific Dr
$2,850,000
$2,550,000
2/26/21
4
4.5
4,105
0.21
141
$621
1999
388871
1212 Summer Rd
$5,900,000
$4,850,000
3/31/21
8
8.5
8,174
0.79
299
$593
2000
387279
1202 Summer Rd
$3,750,000
$3,700,000
4/9/21
3
3
3,586
0.30
71
$1,032
2003
390126
310 Cook Pine Dr
$2,500,000
$2,460,000
4/23/21
3
3.5
3,626
0.24
54
$678
1998
391230
504 Pacific Dr
$2,495,000
$2,395,000
5/11/21
3
3
2,877
0.24
172
$832
1988
389363
708 Fairway Dr
$2,925,000
$2,925,000
5/25/21
3
3.5
3,238
0.20
0
$903
1988
391650
710 Fairway Dr
$2,698,000
$2,750,000
6/17/21
3
3.5
3,666
0.20
87
$750
1990
390828
112 Pulelehua St
$3,450,000
$3,350,000
7/6/21
3
2.5
4,504
0.47
563
$744
2002
385476
618 Silversword Dr
$3,995,000
$3,995,000
7/28/21
3
4
4,071
0.24
47
$981
1998
391842
102 Woodrose Pl
$2,600,000
$2,525,000
8/3/21
3
3.5
3,812
0.26
130
$662
1988
390902
Pineapple Hill Home Sales: YTD 2021 vs. YTD 2020
Pineapple Hill & Pineapple Hill Estates Home Sales Through 8.13
2021
2020
Change
Numer of Sales
13
2
+550%
Average Sales Price
$2,997,115
$2,235,000
+34%
Average Sales Price/Sq. ft.
$766
$622
+23%
Average DOM
158
193
-18%
Pineapple Hill Home Sales:
Homes in Pineapple Hill represent a good value within the Maui Resort market, and that is evident with homes spending less time on the market.
When comparing 2019 to 2020, the average sales price has increased slightly, but the average sales price/sq. ft. has actually decreased slightly. It is not surprising there are fewer sales in 2020 as travel restrictions were in place for the better part of six months. Only two sales occurred during the travel restrictions, and half of the year's sales occurred after the state implemented its pre-travel testing program.
Once the quarantine requirements were lifted in October 2020, we began to see more sales and a dramatic increase in sales volume, average sales price, and sales price/sq. ft., increased dramatically in 2021.
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