Month: March 2021

Top Reasons To Buy In Kapalua

Have you been thinking about living on Maui? Does the unique ocean views and tropical climate make you want to buy a house here? If yes, you will surely find the home of your dreams in Kapalua!

Located on Maui’s west side, Kapalua is one of, if not the most sought after and luxury resort community on Maui. Spanning from the base of the West Maui Mountains to the sandy white  shores of West Maui, Kapalua is home to several luxury home and condominium developments. Here you will find plenty of stunning luxury homes for sale that offer you views you will treasure forever. If you are not sure whether the Kapalua resort area is right for you, let me provide you with a little guidance. Below are the top five reasons why you should purchase real estate in Kapalua:

Beautiful Ocean Views
If waking up to the sound of gentle ocean waves and ending your afternoon watching the beautiful sunset sounds like the perfect day, then Kapalua real estate is for you. Take a look at my listings to get an idea of the amazing tropical island views luxury condos in Kapalua have to offer.

Stunning Beaches and Outdoor Activities
When it comes to buying a dream home in Maui, white sandy beaches are the first thing that strikes the mind. If you also dream of living by the beach, buying a home in Kapalua can turn your dream into reality. When you invest in Kapalua homes, Maui’s best beaches, including the amazing Napili Bay and Honolua Bay, are just a short walk or drive away. Moreover, there is an abundance of outdoor activities, hiking trails, and great spots for fishing, swimming, and enjoying the ocean.

Fine Dining And Shopping Options
Kapalua provides residents and guests with incredible shopping and dining options. Some of the best restaurants in Maui where you can grab a drink and enjoy food are within a short distance from many luxury homes here. Additionally, Kaanapali’s famous Whaler’s Village shopping plaza is nearby; providing you with many additional boutiques and stores to explore just a stone’s throw away from your home in Kapalua.

Kapalua Golf Courses
No dream home in Maui is complete without a golf course nearby! As a homeowner in Kapalua, you will enjoy world class golf courses in your own backyard. Kapalua is home to two golf courses, one of which hosts the PGA tournament of Champions. As they are located in the heart of Kapalua, you’ll have easy access to some of the best courses in the world, year round.

Variety Of Condominiums And Homes That Are Worth Your Investment
Kapalua luxury real estate is highly sought-after. With the finest quality materials, award-winning architecture, and all the amenities to make your feel comfortable, you are sure to feel like royalty when you live here. Regardless of if you chose to purchase a home or condo here, it will be well worth your investment.

These are just some of the top reasons to buy property in Kapalua. It is the ideal location for real estate buyers and a good investment for investors alike! Mahalo!

Latest West Maui Real Estate Market Trends

Wonderful weather, sandy beaches, top-class amenities, and plenty of outdoor activities are just a few things that attract real estate investors to beautiful Maui. People who have already invested in West Maui real estate feel proud to call the island home. Have you been looking to buy a property here? Well, before you decide to invest in West Maui Real Estate, it’s good to know what is trending in the market. Here are the island’s real estate trends based on home and condo sales in January 2021.

Single Family Homes
According to the Realtors Association of Maui, January 2021 started with strong buyer demand for single family homes. The number of single family listings increased from 101 in November 2020 to 112 in December 2020. While the demand was high in the first week of January, high material costs and limited supply of buildable lots hampered the number of new units on the market.

Kapalua saw an increase in single family home sales. In January 2021, two single home units were sold in Kapalua at the median sales price of $2,700,000. The highest number of single family home sales was seen in Kihei, i.e., 23 units sold at the median price of $999,000.

Condominiums
In January 2021, there were 164 new condominium listings. Kapalua saw a rise  in monthly condominiums sales when compared to January 2020. Though the number of condos sold in Kapalua during the first month of 2021 was less than what it was in December last year, it is a good time to invest in Kapalua real estate. The median sales price at which the condos were sold in Kapalua was $1,140,000, which is quite a good deal considering for this area of the island.

Other areas that saw an increase in condominium sales are Kihei (45 units at a median sales price of $495,000), followed by Napili/Kahana/Honokowai (17 units at a median sales price of $478,500), and Lahaina (15 units sold at a median sales price of $556,990).

Pending and Closed Sales
When it comes to single family homes, the number of closed sales decreased to 101 from 107 in December 2020. For condominiums, there were 115 closed sales, which is less than last year. Both single family and condominium pending sales saw an increase to 25.8% and 65% year-over-year.

Other Trends To Keep In Mind
Apart from these, some other real estate market trends to keep in mind are-
● The median price for single family homes increased by 26% to $980,000; however, it decreased by 0.4% for condos.
● Days on the market also increased for both condos and single family homes.
● The percentage change in the number of homes for all properties decreased by 22%.

This overview of the West Maui real estate market trends shows that the market is likely to continue to follow a smiliar trend. While there is some uncertainty ahead, the single family market still continues to remain strong, and the condo market is improving, especially in Kapalua and Kihei.