Kapalua Resort: The 2013 Year End Market Report

By
Real Estate Agent with Island Sotheby's International Realty R(S): 56519

The Kapalua Resort 2013 Year End Market Report is now available

Kapalua Market Report 2013

When examining 2013 as it compares to 2012, it's noteworthy that there were fewer sales, at higher average prices and a significantly higher sales volume.

In reviewing the last decade, the number of sales peaked in 2004, while the peak of the market in terms of average sales prices and volume was in 2006/2007.  The question everyone has asked since the peak, is when is the bottom.  In reviewing the data it appears that for Kapalua real estate, it was in 2012.

Highlights:

In the Residential Market half of the sales were in Pineapple Hill and Pineapple Hill Estates: with 6 homes sold at an average sales price of $2,646,858.  The remainder of the sales were at Kapalua Place, an oceanfront Peninsula that was not part of a subdivision, and in Honolua Ridge and the Plantation Estates.
 

The number of Condominium Sales was down 33%, yet the average sales price was up 29%:

There were no developer or re-sales at the Residences at Kapalua Bay in 2013.  Formerly the Ritz-Carlton, Kapalua Bay, the property was foreclosed on in early 2013 and is now under new ownership.  Montage Hotels and Resorts has been appointed the management company of the property, which will be known as the Montage Residences Kapalua Bay, and they are in the midst of capital improvements which include a new restaurant and bar that will be open to the public. It is expected sales of the remaining developer inventory to formally launch shortly.  In the meantime, planned pricing and pre-registration information is available.  Please contact me for more details.

You'll find the complete Kapalua Real Estate Market Report and MLS updates in the Market Report section of my website.

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Topic:
Real Estate Market Trends
Location:
Hawaii Maui County Lahaina Kapalua
Groups:
Hawaii's Home Brokers
Hawaii Real Estate Professionals
Sotheby's International Realty
Luxury Home Agents
Tags:
kapalua
maui real estate
kapalua real estate
residences at kapalua bay
montage residences kapalua bay
kapalua residences for sale

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