Closing a deal on the West Side of Maui is always nice and although a resort area like Wailea, it offers a neat contrast to what South Maui can. For the specific differences in the regions, check out our South Maui vs West Maui guide.
Within 4 days of being listed, our clients were eager to move on this property as it hit all of the marks. With expansive views of the deep blue ocean and the neighbor island of lanai, the unit offers its own natural painting. The 195 sqft lanai is the perfect compliment to the indoor space as it creates a seamless blend of indoor and outdoor living.
After some negotiations, we were happy to close for $600,000
Masters Kaanapali Market Update 2020
A little over 6 months into 2020, Masters Kaanapali has seen 8 units sold for a running sales volume of $6.3 million. Averaging just over 1 unit sold per month is strong sales production for a complex that does not allow for short term rentals. Units here have seen an increased turnover rate similar to some of their West Maui counterparts like Honua Kai, Kaanapali Alii, or Montage Kapalua. One unit was sold in an off market transaction, while three other units were sold within 3 months of coming to market.
While units here can sell for more than $1 million, 50% of the units were sold for $650k or less. On the upper end of the market, only one unit sold for more than $1 million. In terms of price/sqft, buyers should expect to pay $500-$750.
- Number of condos sold: 8
- Average sold price: $786,500
- Median sold price: $750,000
- Highest priced condo sold: $1.1 million
- Lowest priced condo sold: $575,000
With a variety of listings for sale, buyers shouldn’t have a problem picking out a unit they like. However, the market is extremely top heavy with more than 70% of the units being priced above $1 million.
If priced right, units can sell within a matter of days. so the best way to stay up to date is with our Masters Kaanapali New Listing alert.
- Number of condos for sale: 9
- Average asking price: $1,116,555
- Median list price: $1,095,000
- Highest priced listing: $1.59 million
- Lowest priced listing: $675,000
Contact a South Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
Erin Haywood R(S)