Kaanapali is known for some of the most desirable real estate in West Maui. The popularity of Kaanapali’s beautiful beaches and water activities continue to attract tourists and buyers worldwide to this beautiful place. In fact, the West Maui real estate market has been quite active during 2012, showing signs of reduced inventory as bargain hunters and the most discriminate buyers head here to find their dream property.
Kaanapali Market Snap Shot
According to the Maui MLS, as of December 1, 2012, sales volume was up in Kaanapali with 207 sales compared to 189 sales in 2011. Although the average sales price was down from $832,542 in 2011 to approximately $680,442 as of December 1, 2012. The lowest sale was $125,000 and the highest sale was $3,999,000. As of December 1, 2012, there were 219 active listings, 2 short sales and 3 bank owned REO’s. Average days on the market are 300.
If you are looking to purchase Kaanapali real estate, the best advice is to work with a local Realtor
who understands the market conditions and can guide you to the right properties that fit your financial
needs and life style. When you do find your island treasure, it’s a good idea to act quickly before
someone snaps it out from under you. Buyers are frequently encountering multiple offers on
Kaanapali well-priced homes and condos.
With historic low interest rates and affordable prices, it’s no wonder why so many buyers have been
taking advantage of these favorable conditions. However, if you need to obtain financing, keep in
mind that lending guidelines are tough so you need to get your finances and credit in order so you
qualify for the best mortgage rates. Your West Maui Realtor can recommend a reputable lender or
mortgage broker who will shop around to find you the best mortgage products before you start your
Kaanapali or surrounding area home buying process. This way you and your Realtor can narrow down
the properties that you are qualified for and meet your needs.
So if you are wondering what you can expect here in Kaanapali during 2013, local real estate
experts predict a return to a healthy and more normal real estate market with prices stabilizing.
If you thinking about buying or selling Kaanapali real estate, the start of the new year is the
Article on Kaanapali real estate trends contributed by Jeff Manson of www.adrhi.com/maui-real-estate/west/kaanapali/