West Maui October 2020 Headlines
For further details on any of the statements below, please refer to the sales reports.-
52 Total Transactions
- 11 home, 41 condo & 0 land sales
- 2nd most since March 2020 | However, (-30%) since same period 2019
- 20% of October’s closings were from Lahaina’s new development Kahoma Village
- Predominantly pre-sold in 2018/2019
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Kaanapali & Lahaina Condo markets are the only sectors that have had any volume growth so far in 2020.
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Residential Home prices remain impressively strong
- West Maui did the equivalent in baseball of hitting for the cycle with a $1.9M, a $2M, a $3M $a 4.7M & a $15.5M sale
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If we remove the mentioned Kahoma Village new development sales, then WM average home prices would have been well over $2M
- Median Sales Prices
- Homes: October $1.65M vs. September $1.485M
- Condos: October $550K vs. September $580K
- Land: n/a ($850K in September)
- Highest Priced Sales
- Home – $2.88M | Launiupoko
- Condo – $3.46M | Kapalua
- Land – n/a
- Lowest Priced Sales
- Home – $763K | Lahaina
- Condo – $265K | Napili Ridge in Nap/Kah/Honokowai areas
- Land – n/a
Historical Median & Average Price Comparison
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $1,175,000 | -5.0% | $1,922,501 | 11.3% | 158 | 109 |
| 2019 | $1,236,922 | 2.4% | $1,727,294 | -3.2% | 173 | 137 |
| 2018 | $1,207,500 | 9.8% | $1,785,099 | 15.4% | 188 | 130 |
| 2017 | $1,100,000 | 4.8% | $1,546,633 | -3.0% | 185 | 139 |
| 2016 | $1,050,077 | 5.0% | $1,595,145 | 14.0% | 194 | 147 |
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $641,000 | 10.6% | $914,917 | 8.7% | 192 | 420 |
| 2019 | $579,500 | 1.7% | $841,913 | 1.0% | 182 | 614 |
| 2018 | $570,000 | 4.2% | $833,812 | 2.8% | 157 | 549 |
| 2017 | $547,000 | 8.0% | $811,436 | 9.0% | 164 | 482 |
| 2016 | $506,250 | -0.7% | $744,555 | -3.9% | 211 | 490 |
| Year | Median Sold Price | Median Price % Yr Gr | Avg Sold Price | Avg Price % Yr Gr | DOM | # Sold |
| 2020 | $800,000 | 6.7% | $1,275,577 | 28.8% | 195 | 14 |
| 2019 | $750,000 | -7.7% | $990,609 | 1.1% | 256 | 23 |
| 2018 | $812,375 | -1.5% | $979,829 | 18.1% | 526 | 22 |
| 2017 | $825,000 | -2.9% | $829,477 | -5.0% | 293 | 33 |
| 2016 | $850,000 | 32.3% | $873,147 | 7.0% | 294 | 49 |