As it is my commitment to keeping the local community informed, I am pleased to share with you the most recent West Maui home, land, and condo sales reports for your review — covering Kaanapali, Kapalua, Lahaina, and Launiupoko. You’ll find real estate sales volume, days on market, list versus sold price, price per square foot, and significantly more.
West Maui September 2020 Headlines
For further details on any of the statements below, please refer to the sales reports.
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45 sales in September: 10 Residential, 34 Condo and 1 land (off by roughly -20%)
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However, even with the Vacation Rental Moratorium and the mandatory quarantine – the condo market is showing resiliency with overall sales volume only down 16% (per unit sale) for the year and gaining momentum.
- Fueled by Kaanapali’s new development Luana Kai, $1M+ Condo transactions are actually up 26% (and 74% in Kaanapali specifically)
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Instead of income driving the demand, lifestyle is.
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The $1M+ market is still moving considerably at +2% year over year
- Amid travel restrictions and less sales volume, some huge transactions have taken place in the past 60 days
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Oceanfront 3 Kapalua Pl sold for $15.5M
- Avg Residential Sales price for Sept | $3.16M
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Prices/demand still remain strong – Especially in the residential sector. Good, well-located properties are moving quickly.
- Looking ahead – 2020 may finish with less than a 10% sales volume dip from last year which would be truly tremendous all things considered.
- Median Sales Prices
- Homes: September $1,485,000 vs. August $1,147,500
- Condos: September $580,000 vs. August $745,000
- Land: $850,000 vs. $900,000 in August
- Highest Priced Sales
- Home – $15.5M | Kapalua
- Condo – $3.3M | Kaanapali
- Land – $850K | Kapalua 3.84 acres
- Lowest Priced Sales
- Home – $550K | Lahaina
- Condo – $160K | Pohailani Maui in Nap/Kah/Hono neighborhood
- Land – $850K | Kapalua 3.84 acres
Historical Median & Average Price Comparison
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $1,125,000 | -9.0% | $1,945,980 | 12.7% | 157 | 99 |
| 2019 | $1,236,922 | 2.4% | $1,727,294 | -3.2% | 173 | 137 |
| 2018 | $1,207,500 | 9.8% | $1,785,099 | 15.4% | 188 | 130 |
| 2017 | $1,100,000 | 4.8% | $1,546,633 | -3.0% | 185 | 139 |
| 2016 | $1,050,077 | 5.0% | $1,595,145 | 14.0% | 194 | 147 |
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $650,000 | 12.2% | $923,847 | 9.7% | 199 | 379 |
| 2019 | $579,500 | 1.7% | $841,913 | 1.0% | 182 | 614 |
| 2018 | $570,000 | 4.2% | $833,812 | 2.8% | 157 | 549 |
| 2017 | $547,000 | 8.0% | $811,436 | 9.0% | 164 | 482 |
| 2016 | $506,250 | -0.7% | $744,555 | -3.9% | 211 | 490 |
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $800,000 | 6.7% | $1,275,577 | 28.8% | 195 | 14 |
| 2019 | $750,000 | -7.7% | $990,609 | 1.1% | 256 | 23 |
| 2018 | $812,375 | -1.5% | $979,829 | 18.1% | 526 | 22 |
| 2017 | $825,000 | -2.9% | $829,477 | -5.0% | 293 | 33 |
| 2016 | $850,000 | 32.3% | $873,147 | 7.0% | 294 | 49 |
Want to Know More?
If you are in the market for buying or selling West Maui real estate or have any questions about the area or the market in general, please feel free to contact me. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.
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