Kapalua Real Estate Market Update: June 1, 2014

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

Coconut Grove Kapalua Bay

As of June 1, 2014, there have been 20 sales in the Kapalua Resort with an average sales price of $1,979,624 and a sales volume of $39,592,499.  In the same period in 2013, there were 24 sales with an average sales price of $1,816,437 and a sales volume of $43,594,500.

While the market today may appear to be slightly less robust, the sales volume and average sales price was buoyed last year by an oceanfront home sale at $9,700,000.  As the average sales price has increased without an outlying sale and fewer sales, the market does appear to be strengthening somewhat in terms of pricing.

It's also noteworthy that one of Kapalua's most exciting oceanfront condominium offerings, the Montage Residences Kapalua Bay, is about to be released.  Sales at the Residences could have a significant impact on our market, as there are 54 unsold luxury condominium residences that will be coming to market.  All spacious three and four bedroom floor plans, sales of the Montage Residences could begin as early as this month.

Condos
Number of Sales: 14
Average Sales Price: $1,530,035
Sales Price Range: $620,000 to $5,000,000
Homes
Number of Sales: 5
Average Sales Price: $3,419,400
Sales Price Range: $1,700,000 to $4,350,000
Land
Number of Sales: 1
Average Sales Price: $1,075,000
Sales Price Range: $1,075,000

Kapalua Condominium Market Overview YTD:
Sales prices for condominiums in Kapalua ranged from $620,000 for a Golf Villa one bedroom to $5,000,000 for an oceanfront, three-bedroom Coconut Grove condominium residence.

Golf Villas
Number of Sales: 4
Average Sales Price: $620,000-$790,000
Sales Price Range: $711,250

Ridge Villas
Number of Sales: 3
Average Sales Price: $1,283,833
Sales Price Range: $974,000 to $1,465,000

Bay Villas
Number of Sales: 4
Average Sales Price: $1,199,750
Sales Price Range: $620,000-$1,725,000

Kapalua Ironwoods
Number of Sales: 1
Average Sales Price: $3,999,9999
Sales Price Range: $3,999,999

Coconut Grove
Number of Sales: 1
Average Sales Price: $5,000,000
Sales Price Range: $5,000,000

The Residential Suites at the Ritz-Carlton, Kapalua
Number of Sales: 1
Average Sales Price: $925,000
Sales Price Range: $925,000

Kapalua Residential Market Overview YTD:
Pineapple Hill and Pineapple Hill Estates
Homes
Number of Sales: 4
Average Sales Price:
Sales Price Range:
Lots
Number of Sales: 0

Plantation Estates
Homes
Number of Sales: 0
Lots
Number of Sales: 1
Average Sales Price: $1,075,000
Sales Price Range: $1,075,000

Honolua Ridge
Homes
Number of Sales: 1
Average Sales Price: $1,700,000
Sales Price Range: $1,700,000* This was an unfinished home
Lots
Number of Sales: 0

Kapalua Place Homes and Lots
Number of Sales: 0

For more information on the Kapalua Real Estate Market and to review your options, please don't hesitate to contact me.

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Hawaii Maui County Lahaina Kapalua
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kapalua real estate
kapalua real estate market update
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