Why West Maui is a Great Place to Buy Your Vacation Home or Condo

There are many reasons why West Maui is a great place to buy your vacation home or vacation condo property. The areas of Kapalua and Kaanapali offer some of the best beaches and golfing in the world, and Maui is known for its incredible natural beauty. Whether you’re looking for a place to relax and enjoy the sun and sand or want a property that can be used as a rental investment, West Maui has something to offer everyone. In this blog post, we will explore some of the reasons why Kapalua and Kaanapali are such popular destinations for vacationers. We hope that after reading this article, you’ll consider buying your dream property here in West Maui!

The Kapalua and Kaanapali areas offer some of the best beaches and golfing in the world. Kapalua is home to three championship golf courses, while Kaanapali has four courses that range from beginner to expert levels. Both are located on Maui’s magnificent western coast, which offers some of the most beautiful coastline in all of Hawaii. If you’re looking for a place to relax and enjoy the sun and sand, Kapalua and Kaanapali are perfect destinations.

In addition to their incredible natural beauty, both Kapalua and Kaanapali are also known for their world-class restaurants and shopping opportunities. There are dozens of restaurants to choose from in each area, serving up everything from traditional Hawaiian food to fine Italian cuisine. And if you’re looking for some retail therapy, both Kapalua and Kaanapali have plenty of shopping options, from small boutiques to high-end luxury stores.

Another reason to choose West Maui is for the many ample outdoor Maui activities to enjoy. Here are just a few of my favorites:

Hiking: There are plenty of hiking trails in West Maui, ranging from easy to challenging. Some favorites include the Kapalua Coastal Trail, Honolua Ridge Trail, and Waihee Ridge Trail.

Golfing: Kapalua and Kaanapali offer some of the best golfing in the world, with championship courses that will test your skills no matter what level you’re at.

Snorkeling: The clear waters of West Maui make it the perfect place to go snorkeling, and there are plenty of spots where you can see coral reefs and colorful fish.

West Maui is also a great place to buy a vacation property that can be used as a rental investment. The Kapalua and Kaanapali areas are always popular with tourists, so your property will always be in demand. In addition, the mild climate and incredible natural beauty of Maui make it a desirable destination all year round, so you can expect strong demand for your property no matter what season it is.

If you’re considering buying a vacation home or condo in West Maui, be sure to contact me today. I would be happy to show you around some of the best properties in Kapalua and Kaanapali, and help you find the perfect place to call your own. 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.

The Latest West Maui Real Estate Statistics

The spectacular views of the blue Pacific Ocean framed by flaming sunsets is just one of the many things that make West Maui one of the most sought after places for real estate investment. The historic town of Lahaina, the wonderful beaches and golf courses of Kaanapali, and the serene calmness of Kapalua offer amazing real estate investment options perfect for a discerning buyer of Hawaii real estate.

However, Maui’s real estate market is constantly changing. Whether it is an oceanfront condo or a luxury beachfront home for sale, it makes sense to keep up with the latest real estate statistics to ensure that you make the right decision. So, let’s assist you in finding out when you should invest in West Maui real estate: Have a look at the latest West Maui real estate market statistics!

A Spike In The Demand For Single Family Homes
According to the Realtors Association of Maui, November saw an increase in the demand for single family homes in the West Maui area. For example, in Lahaina, 12 units were sold in November 2020. The total properties sold in Lahaina were three in December 2019, which increased to four this year.

Similarly, Kapalua and Kaanapali also saw a slight increase in single-family real estate sales. In addition, in the other resort living areas of Napili/Kahana/Honokowai, single-family monthly sales increased from two in November to eight in December.

Condominiums Monthly Sales In West Maui
The monthly condo sales on the island’s west side also look different from the last months. For instance,  condo sales in Kapalua saw a tremendous increase from 3 in November to 13 in December. The median sales price increased from $1,035,000 to $1,250,000. This year, condos monthly sales in Kapalua are 7 more than the sales completed during the same time last year. Condos sales in Kaanapali were also high, from 8 sold in November to 13 in December.

Closed Sales and Pending Sales
Pending sales increased by 60.3% for a single-family residence and 23.0% for condominiums sales compared to last year. Pending condo sales saw a decrease from 143 in November 2020 to 139 in December. Also, there is an overall increase in the number of closed sales for all properties (29.4%) which increased by 8.2% for single-family sales and 35.2% for condos in December compared to the last month.

Some Other Notable Statistics
Here are a few more statistical insights for December 2020 to consider:
● The median sales price for single family residences increased to $865,000 (16.9%) and $629,000 (22.3%) for condominiums.
● The days on the market for both single family homes and condos also increased to 3.2% and 6.3%, respectively. Monthly inventory supply decreased.
● Mortgage rates are recorded low, which depicts a strong demand for buyers in the market.

Those are the latest trends in the real estate market in West Maui. The statistics show that the housing market in 2021 will continue to follow the trends seen in the last few months of 2020. If you have any questions related to the real estate stats, please reach out. Aloha!

West Maui Real Estate Market Update

From multimillion dollar luxury properties for sale in places like the Kapalua Resort to luxury homes for sale in Kaanapali, the forecast of Maui’s real estate landscape looks almost as good as the island itself.

According to the latest statistics from the Realtors Association of Maui, more buyers are taking a notice to this truth. Right now it looks like it will be a strong market in 2021, with mortgage rates at record lows and the Dow Jones Industrial Average topping 30,000 for the first time.

In November, we saw quite the spike in demand for single family homes on the west side. In Lahaina, for instance, there were 12 homes sold compared to only three the month before and two during the same time last year. Kapalua and Kaanapali also saw a slight increase in sales. Kapalua for instance saw four homes sold, up from only one in October and in November 2019.

As for homes for sale in the restful resort area of Napili/Honokowai/Kahana, there were two properties sold in November 2020, one in October and none in November 2019.

Condo sales on the island’s west side looked a little different, though, but experts are still anticipating a high demand for homes into 2021.

Condos in Kaanapali for instance were down from the 27 sold in 2019, to only eight in 2020.

Napili/Honokowai/Kahana, Kapalua and Lahaina, remained steady in month-to-month/annual comparisons.

Island-wide the market outlook is positive. The median sales price increased on the island by 33.5 percent for condo homes, and days on the market decreased by 7.5 percent for single family homes and 33.7 percent for condominium homes. There’s also a large jump in supply of inventory for condominium homes to 77.5 percent.

That’s an overview of the latest market statistics for Maui. If you have any questions about real estate on the island, please do not hesitate to reach out to me. You can contact me anytime via my contact page or by phone. I look forward to hearing all about your Maui real estate needs, and how I might be able to assist you with those. Have an outstanding New Year!

September Real Estate Marketing Statistics for Maui

Whether you are looking for a multi million dollar property in Kapalua or an oceanfront property in West Maui, now is a great time to buy as mortgage rates are at a record low. That being said, the standards for lending are tightening and with unemployment at a record high, it would be wise to take advantage of this brief moment in time and strike while the iron is hot.

According to the latest statistics from the Maui Realtors Association, buyer activity continues to increase on the island with pending sales rising by 31.8 percent for single family homes but decreasing by 9.3 percent for single family homes. Inventory decreased for single family homes but increased for condominium homes and the median sales price increased by 9.1 percent to $785,000 for single family homes but decreased by 8.3 percent to $495,000 for condominium homes.

In Kaanapali in September there was one property that sold for almost $2 million, down from the two that sold the month before but up in price from that same time last year. As for Kaanapali condo sales, this area is hot right now as 10 condos sold, indicating a high demand.

Condo sales were looking good in Napili/Honokowai and Kahana with 17 sold, slightly down from the same time last year but on track from the month before where 13 units were sold.

Lahaina appeared to do well during the past couple months, with six homes and condos selling during the month of September.

Overall while our economy attempts to recover during one of the most unexpected events in history, it seems as if buyers and sellers are eager to keep the ball rolling and continue to participate in exchanges. And if this sounds like you then please trust that you are in good hands with me. Please spend some time looking at my listings for sale and let me know when you come across a property that appeals to you.

I look forward to learning more about you and informing you about the latest in real estate on Maui. Keep checking back to my blog to learn more. Learn more about me and what I can do for you via my about page. Give me a call when you’re ready. I look forward to hearing from you soon.

Maui Market Update

It is a new year and that means a new moment in real estate on Maui. Every month I like to take a break from featuring my listings in places like Kapalua Bay and Coconut Grove to really get down and dirty about the market on the island. So this year let’s just jump right into it, shall we?

According to the latest statistics from the Realtors Association of Maui, things continue to look good for the market on Maui and as a whole. It looks like construction will gain speed and more affordable units will be available on the market.

As for west Maui, which is the area I prefer to focus on, sales and home prices continue to look good. As for single-family homes in this area of Maui,  or Kaanapali,  there were three units sold in January for a median sales price of $2,100,000.  That is up from the same time last year where the median sales price was $1,484,500. That’s down from December of 2019, where the median sales price was $3,313,000.

One home sold in Kapalua for $2,020,000. Lahaina’s market looks good with a median sales price of $1,025,000. That is up compared to December and at the same time last year. Prices and sales are both up. As for Napili, Honokowai, and Kahana, the sales and home prices remain steady at $1,100,000. That is down some from December 2019, where the median sales price was $1,225,000.

As for condo sales, Kaanapali had a high number of sales in January at 18. Kapalua prices and sales were down but not by much. Lahaina condo prices increased with a median sales price of $662,190 with 11 homes sold, which is up from a  median sales price in December of $586,274 and the same time last year at $385,500. As for Napili, Kahana and Honokowai, home sales and prices continued to remain steady. The median sales price did not change compared to the same time last year at $489,500.

That’s a look at the real estate market on Maui. If you are interested in seeing what properties are for sale here, then make sure to contact me right away. With new inventory popping up, prices increasing, and homes selling fast now is the time to buy so don’t hesitate. I hope to hear from you soon. Aloha.

Condo Sales and Prices Increase in West Maui

Overall, West Maui’s market continues to do well. According to the latest statistics from the Realtors Association of Maui, home prices increased during 2019 in most markets and West Maui was no exception.

In Lahaina, condo home prices increased as well as the total number of sales. The same happened with single-family homes, where there were three homes sold for a median sales price of $1,000,000. This is up compared to November, where the median sales price for a home was listed at $846,500 and during the same time last year the median sales price for three homes sold was $800,000.

The same could be said for the Napili/Kahana/Honokowai area where three homes were sold for a median sales price of $1,225,000. Four sold during the same time last year for a median sales price of $825,000. That’s a $400,000 difference.

Here’s a look at the overall market prices and sales numbers for December 2019 in other parts of West Maui by area.

  • Kaanapali- Home sales in Kaanapali were up compared to the month before but the price was down some compared to December 2018. As for condos, there was a substantial drop in the total number of sales. There were 9 condos sold for a median sales price of $955,000, that’s down from 27 the month before. In December 2018, there were 14 condos sold for a median sales price of $973,500.
  • In Kapalua there were 6 condos sold for a median sales price of $1,155,000. That’s up from three the month before at a median sales price of $1,075,000. There were three sold last December at a median sales price of $1,500,000. No homes sold in Kapalua in December, 1 sold in November and it seems like this area remains steady compared to last year where zero homes sold.
  • One home sold in Olowalu for a median sales price of $2,800,000.

According to the report, mortgage rate for the end of the year closed at three-quarters of a percent lower than compared to a year ago, helping to improve affordability and offset rising home prices.

Throughout the island, new listings increased by .8 percent for single family homes but decreased by 25.4 percent for condominium homes. Pending sales increased slightly by 1.3 percent for single family homes but remained flat for condominium homes. A problem that seems to be occurring across the board is a lack of new inventory to meet buyer demand. That apparently happened on Maui where inventory decreased by 13.6 percent for single family homes and by 14.8 percent for condominium homes. Meanwhile, median sales prices are increasing for both single family homes and condos.

That’s a look at the latest real estate market statistics. Contact me if you have any questions. Aloha!

Latest Maui Real Estate Stats Update

When it comes to real estate in Maui, it’s always a good time to buy or sell. Areas like Coconut Grove or the Kapalua Resort are great places to buy real estate or to sell if you are lucky enough to already own property here. Whatever your situation may be, we have access to a unique market here because of the location, and that is why it is never a bad idea to stay up to date regarding the latest market statistics so today I am going to give you the rundown for Maui’s west side real estate stats.

According to the latest report from the Realtors Association of Maui, sales remain steady but prices are a bit lower in some areas so that makes this time of the year a great time for buyers. For instance, condos in Honokowai, Napili, and Kahana are selling for cheaper. The median sales price in November was $399,000 for 21 homes sold compared to $515,000 of November 2018. Median sales price for the current period was also higher for $473,800.  Condo prices in Lahaina also dropped to $466,852. In October, the median sales price in the same area was $690,966 and in November of 2018 that number was around $670,000. As for single family homes on the west side, one home in Kaanapali sold for $3,250,000, another in Kapalua for $2,550,000 and two homes sold in Lahaina for a median sales price of $846,000.

On Maui as a whole, it looks like new listings increased for condos on Maui to 23.7 percent in November. Pending sales also increased to about 22.9 percent. So in conclusion, now is a great time to buy on the island. It just makes sense and would be wise for you to invest in your retirement plan and future sooner rather than later. So if you are interested in seeing some of the listings I have for sale in person, please do not hesitate to contact me. I have many years of real estate experience here in Maui and I would love to sit down and talk story with you some time about your real estate goals in general. So don’t be a stranger and give me a call. I hope you have a great week and keep checking back to stay up to date about new listings on Maui.

Latest Real Estate Stats for West Maui

In terms of Maui real estate, there’s plenty of great homes for sale on the island’s west side, so it might be hard to know where to go to get the insight you need to find the home your heart is longing for. But if you visit my about me page, you’ll see just how extensive my Maui real estate knowledge is, and that’s why I encourage you to contact me first when you’re starting your luxury home hunt on the island. And in the meantime, it’s never a bad idea to plan ahead and keep learning about the latest in terms of real estate on Maui so that’s why today I’d like to focus on the most recent real estate stats for Maui West Side to help give you a little overview on what’s happening here.

According to the latest statistics from the Realtors Association on Maui, the housing market overall is calming down, but buyer and seller activity remains strong. On Maui overall, new listings increased by around 8 percent for single-family homes and by a little under 11 percent for condos. Inventory on the island decreased by 13 percent for single-family homes and by 18.5 percent for condos. The median sales price decreased by 4.6 percent for single-family homes but increased by 9.6 percent for condominium homes. Days on the market for Maui homes fell by 5.8 percent for single-family homes and by 16.6 percent for condominium homes. Month’s supply of inventory decreased by 17.9 percent for single-family homes and by 11.9 percent for condominium homes.

As for west Maui, single home sales didn’t show too much of a jump in either direction. Kaanapali, for instance, only had one home sold during the month of September as opposed to three last month and during September 2018. Kapalua, there was only one home sold, down from four the previous month and from one in September 2018. Lahaina had a slight drop compared to last month, with only four homes sold as opposed to seven sold in August. Still on track compared to the same time last year, where there were only three homes sold. And Napili/Kahana/Honokowai remained the same with three homes sold across the board.

As for condos, there was a jump in sales. There were 17 condos sold during September compared to 9 sold in August and 14 sold during the same time last year. In Kapalua, there were eight condos sold in September, up from four in August and from one during the same time the previous year. Lahaina also experienced an increase with 12 homes sold during September compared to 8 during August and seven from the year before. Napili/Kahana/Honokowai saw a pretty broad jump with 21 homes sold, compared to 13 last month.

So, to conclude, the market is doing well on Maui, and now would be a great time to buy or sell. Interested in getting involved in real estate, make sure to give me a call so I can help you along your journey. Have a great day. Aloha.

Maui June Real Estate Market Overview

Aloha loyal blog readers and welcome back to my website. I hope you’ve been spending time searching through all the incredible listings I have here on my site. If you need help navigating, please let me know. Give me a call or contact me via my contact page.

Today I’m happy to report on Maui’s booming real estate market. And as the economy continues to do well so does our real estate market on Maui. I’d like to focus on the west side, so read on to learn more.

In Kaanapali, there was one home sold for $3,100,000 in June last month. Two homes were sold for $5,119,000 at a median sales price of $2,559,500 in May 2019. During the same time last year, there were also two homes sold at a median sales price of $1,532,500. So prices here are increasing so act now and buy today!

As for condos in this area, there were 13 condos sold in Kaanapali at a total of $14,474,167 at a median sales price of $795,000 in June 2019. In May of this year, there were 18 condos sold for a total of $20,726,500 at a median sales price of $1,003,500. During June of last year, there were 14 condos sold for a total of $13,701,500 at a median sales price of $812,000. Looks like condo prices are decreasing so it’s a good time to buy here as well.

In Kapalua, there were three homes sold for a total of $5,695,000 at a median sales price of $1,995,000. There were two homes sold in May of this year at a median sales price of $2,550,000 for a total of $5,100,000 and two homes sold during June 2019 for a total of $6,000,050 at a median sales price of $3,000,025. There were 12 condos sold in this area for $36,530,000 at a median sales price of $2,147,500 in June of this year. In May, there were three condos sold for a total of $6,819,000 at a median sales price of $895,000. And in June of last year there were 5 condos sold for a total of $13,196,250 at a median sales price of $3,000,000.

And in the Napili, Kahana, and Honokowai area, there were two homes sold in June for $2,004,000 at a median sales price of $1,002,000. There were five homes sold during May in this area for a total of $5,088,000 at a median sales price of $1,099,000 and during June 2018 there were three homes sold for a total of $3,425,000 at a median sales price of $1,130,000. As for condos here, there were 21 condos sold for a total of $8,303,049 at a median sales price of $470,000. In May of this year there were 25 condos sold at a median sales price of $465,000 and only 15 sold in June at a median sales price of $410,000.

In Lahaina, there were six homes sold for a total of $9,901,000 at a median sales price of $1,025,000. There were 5 condos sold in June for $2,386,360 at a median sales price of $545,000. And seven sold during the same time last year at a median sales price of $4,421,000 at a median sales price of $540,000.

That’s an overview of Maui’s west side real estate. Keep checking back for updates and I hope to hear from you soon. Aloha!