Maui Real Estate Headlines: first half of December, 2016
March 7, 2012
Spring tends to be the busiest time of year, and we are seeing increased visitors to Maui in general. According to the Hawaii Tourism Authority (www.hawaiitourismauthority.org), Maui began 2012 with visitor spending in January, the highest on record for that month. Total arrivals to Maui rose 8.7 in January 2012, when compared with 2011: primarily due to increases in visitors from Canada (+12.7%), U.S. East (+7.1%), U.S. West (+2%) and Japan (+7.1%). I found it interesting that the number of visitors was up from California but down from the other West Coast states of Washington and Oregon.
With increased visitor arrivals, we have been seeing an increase in the activity in our real estate market. This holds true for the Kapalua real estate market. The following is an overview of recent activity:
NEW LISTINGS:
We saw six new listings come to market over the last two weeks, ranging from $500,000 to $10,900,000:
CONDOMINIUMS:
Kapalua Golf Villas
12T56 1B/1B $500,000
Kapalua Bay Villas
19G5 1B/1.5B $1,150,000
31G3-5 2B/3B $1,539,000
HOMES:
Plantation Estates
704 Mokuleia 7B/5.5B $10,900,000
VACANT LAND:
Honolua Ridge
98 Keoawa 4.28 acres $895,000
110 Keoawa 4.33 acres $1,250,000
PENDING SALES
There are currently 8 properties pending sale: 5 Golf Villas, 2 Ridge Villas, and 1 Bay Villa.
SALES:
As of this posting, there have been 12 sales recorded within the Kapalua Resort:
CONDOMINIUMS:
Kapalua Golf Villas
18P56: 2B/2B Listed at $559,000, sold at $515,000 REO
18V4: 1B/2B Listed at $575,000, sold at $575,000
12T1: 1B/1.5B Listed at $430,000, sold at $410,000
Kapalua Ridge Villas
1721: 1B/2B Listed at $620,000, sold at $566,000
921-23: 2B/3B Listed at $1,100,000, sold at $895,000
2821-23: 2B/3B Listed at $1,100,000, sold at $1,000,000
Kapalua Ironwoods
52: Listed at $2,750,000, sold at $2,450,000
102: Listed at $3,675,000, sold at $3,425,000
Coconut Grove
18: 3B/3.5B Unlisted, private sale not in MLS, sold at $5,000,000
HOMES:
Honolua Ridge
231 Kaupalena Place, Phase II: Listed at $2,69,000, sold at $2,760,000 Short Sale
Plantation Estates
201 Plantation Club Drive: 4B/5.5B Listed at $4,300,000, sold at $3,000,000
VACANT LAND:
Honolua Ridge
Lot 1, Phase II: Listed at $1,890,000, sold at $1,600,000
Number of Sales:
2010: 41
2011: 43
2012: 12 YTD
Average Sale Prices:
2010: $1,944,707
2011: $2,013,133
2012: $1,849,667 YTD
Total Volume:
2010: $79,733,000
2011: $86,563,862
2012: $22,196,000 YTD
For more information on the Kapalua real estate market, please don’t hesitate to contact me.
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