Kaanapali Real Estate Activity
Activity on the Kaanapali Hillside continued to show positive signs of growth for single family homes as the average sales price increased 4.7 percent year-to-date through July 31. With 24 closed transactions, sales rose year-over-year by 84.6 percent.
The average sale price of a single family home on the Kaanapali Hillside was $2,067,926 at the end of July. The median sales price was $1,762,250, a 6.8 percent gain. The Months Supply of Inventory dropped by -28.6 percent year-over-year to 13 months supply.
Condominium sales are up by 53.0 percent with 101 closed transactions. Pending Sales also increase by 29.6 percent for the same period. The average sales price of a condominium was $1,075,816 which was as a -4.8 percent decline year-over-year, but the median sales price rose 2.0 percent to $829,000.
The inventory of condominiums for sale in Kaanapali dropped -25.8 percent with 89 active listings on the market as of July 2018 versus 120 at the end of July 2017. The months supply of inventory year-over-year dropped -48.8 percent to 6.3 months versus 12.3 months last year at the same time.