Maui Million Dollar Home Sales ($1.0M+) – Day 1 of 10 – “Where are the million dollar homes located?”

Since January 1, 2012, a total of 231 “million dollar plus” homes have sold in Maui County, generating a total dollar volume in excess of $525 million.

There are many ways that Hawaii real estate appraisers analyze luxury sales statistics.  Because a proper market study for this segment would run many pages, I will be posting one analysis per day for the next ten days.

Day 1 of 10 – Maui Million Dollar ($1.0M+) Single Family Homes By District

Consider the following graph and chart:

Day 1 - Maui $1.0M Sales By District

Maui Million Dollar Home Sales By District

Maui Million Dollar ($1.0M+) Single Family Homes By District
Sold From 1/1/2012 through 9/16/2013
District # of Sales % of Total
Wailea / Makena 42 18.2%
Lahaina 24 10.4%
Kaanapali 23 10.0%
Kula / Ulupalakua / Kanaio 20 8.7%
Maui Meadows 19 8.2%
Kihei 16 6.9%
Haiku 15 6.5%
Kapalua 15 6.5%
Spreckelsville / Paia / Kuau 15 6.5%
Makawao / Olinda / Haliimaile 11 4.8%
Napili / Kahana / Honokowai 11 4.8%
Wailuku 5 2.2%
Lanai 4 1.7%
Pukalani 3 1.3%
Molokai 2 0.9%
Olowalu 2 0.9%
Hana 1 0.4%
Kahakuloa 1 0.4%
Kipahulu 1 0.4%
Maalaea 1 0.4%
Total 231 100.0%

Maui’s three resort districts of Wailea / Makena, Kaanapali, and Kapalua are in bold.  As shown, almost 35 percent of Maui’s million dollar home sales since January 1, 2012 come from these three master planned communities. The second tier visitor areas of Lahaina, Kihei, and Napili/Kahana/Makawao log an additional 22 percent of the “million dollar” single family home sales on the Valley Isle.

Maui Resort and Second Tier Neighborhoods

Maui Resort and Second Tier Neighborhoods

 

Bottom line:  Location matters.

While upcountry locales are showing strong sales figures in the million dollar and above segment, Maui’s master planned resorts of Wailea/Makena, Kaanapali, and Kapalua lead the way.

Questions or comments?  Please leave them in the comment  box below, I would be happy to clarify and/or expand.

Aloha, Chris

About Chris Ponsar
I'm a commercial and high-end residential real estate appraiser in Hawaii. I'm passionate about appraisal and valuation issues in the same way some folks obsess over football, shopping, or bacon. I love this stuff.

2 Responses to Maui Million Dollar Home Sales ($1.0M+) – Day 1 of 10 – “Where are the million dollar homes located?”

  1. Brian P says:

    I have only thought of Lanai and Molokai as islands. How did they become part of a district?  G.B. California

    ________________________________

    • Chris Ponsar says:

      Hi Brian, thanks for question.

      Lanai and Molokai are indeed separate islands, but both are located in Maui County, and each falls under the umbrella of the Realtors Association of Maui.

      In Maui MLS records, Lanai and Molokai are classified as separate districts (neighborhoods).

      For what its worth, the island of Kahoolawe is also located in Maui County, but we’re a few years away from any sales over there!

      Aloha, Chris

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