For over a decade, the Maui's Kapalua Resort has been known for hosting the season-opening event of the PGA TOUR. This year, the resort welcomes Seoul Broadcasting Systems as the new sponsor, replacing Mercedes-Benz. The SBS Championship will be played on one of Maui's finest and most challenging golf courses, the Plantation Course.
The tournament is scheduled for the week of January 4-10, 2010. In order to be eligible, the PGA touring professional must have won a tournament the previous year. Approximately 34 players will be competing for their share of the $5.6 million purse.
Tickets are now on sale, or you can be a part of the tournament, playing alongside some of golf's best. A limited number of SBS Championship Pro-Am spots are still available.
For PRO-AM information, visit www.kapalua.com, or call SBS Championship at 808-665-9160
Kapalua Goes Mobile!
How cool is this? You can now get insider tips, special offers and alerts as to what's going on in Maui's most beautiful resort.
Text Kapalua Offers to 32862 or join at http://mobile.kapalua.com/kapalua/register
I did! My first notice gave me a great deal at the Kapalua Resort's Online Logo Shop.
You can also find Kapalua on Facebook, Twitter, and You Tube. One of my favorite ways to keep updated on the resort is on the resort's blog: www.kapaluanews.com Specials for the Villas, Ziplines, and Events are posted here.
Kapalua Spa September Special
Each month, the brand new Kapalua Spa offers locals, visitors, and members alike special pricing on a treatment. Since opening, past specials have included a facial, and a massage. This month, the Kapalua Spa is offering a Spa Sampler. This heavenly array of treatments includes 25 minutes of each:
Before or after your treatment, take advantage of the saline pool, the relaxation gardens, fitness center, and more.
The cost is $205, which includes gratuity. You may add a 45 minute pedicure for an additional $45. This offer ends on 9/30/09 and cannot be combined with any other offer. For more information, call 808-665-8282 or visit www.kapalua.com
Kapalua Resort: A Market Update
While sales in the Kapalua Resort market have been slower than in years past, it's noteworthy that the market is showing signs of improvement over the past month. In fact, there are currently six escrows reported in MLS:
The majority of the sales are at the lower end pricepoint of the available inventory/view category for each neighborhood.
For example, the Golf Villas, which are typically the lowest buy in to the resort condominium market, have seen the majority of the sales activity, with four closings and two pending sales. Likewise, homes in Pineapple Hill phase I run a close second, with four sales, and one pending sale. Pineapple Hill tends to be the lowest entry to the residential market in the resort.
The Bay Villas have also seen an increase in activity, with two sales, and two pending sales. The pending sale at the Ridge Villas is the first for this year. The markets at the Ironwoods, Coconut Grove, and Plantation Estates/Honolua Ridge remain flat, with no sales or pending sales year to date.
Here are Market Reports* that you may find helpful in evaluating the Kapalua Resort real estate market, comparing the real estate activity.
2009 vs. 2008 (January 1-August 31):
| Kapalua Resort | 2009 | 2008 | Percent Change |
| Total Number of Sales | 11* | 21 | -48% |
| Avg List Price | $1,516,272 | $2,083,333 | -27% |
| Avg Sale Price | $1,332,636 | $1,992,071 | -33% |
| Avg Days on Market | 214 | 202 | 6% |
| Low List Price | $599,000 | $675,000 | -11% |
| High List Price | $3,350,000 | $6,685,000 | -50% |
August vs. July 2009
| Kapalua Resort | August | July | Percent Change |
| Active Listings | 136 | 137 | -1% |
| Pending Sales | 4 | 4 | 0% |
| Sold YTD | 11* | 9 | 22% |
| Active Listings | |||
| Avg List Price | $2,702,129 | $2,743,064 | -1% |
| Avg Days on Market | 305 | 297 | 3% |
| Low List Price | $499,000 | $515,000 | -3% |
| High List Price | $19,500,000 | $19,500,000 | 0% |
| Solds | |||
| Avg List Price | $1,516,272 | $1,516,272 | 0% |
| Avg Sale Price | $1,332,636 | $1,332,636 | 0% |
| Avg Days on Market | 214 | 214 | 0% |
*this total does not reflect developer sales, namely the four Residences that have sold to private individuals, nor the 15 to Exclusive Resorts
Changes in the Kapalua, Maui Real Estate Market.
The Kapalua Resort has showed an increase in market activity with two new pending sales this past week:
Newly pending are Ridge Villa 1511, listed at $899,900, and 1000 Sunset in Pineapple Hill, listed at $2,645,000.
These two escrows join two others from August: My listing at Kapalua's Bay Villa 23G2, listed at $1,395,000, and Golf Villa 26P1-2, listed at $750,000.
The sale of 1511 will be the first at the Ridge Villas in over a year. As there have not been comparable sales in that time, this should be a helpful marker of the current values at the Ridge Villas. There have been four sales at the Golf Villas, and one at the Bay Villas. The Ironwoods and Coconut Grove have yet to see an escrow in 2009.
There have been several sales since January in Pineapple Hill phase I. Pineapple Hill has a varied inventory. Owners originally were required to build one of six floorplans, unless the house was located on a double or triple lot, at which point a custom floorplan could be built. Since then, the HOA and KRA have allowed owners to make significant modifications to the six floorplans, as long as the original footprint is maintained and necessary approvals are sought.
For more information on the Kapalua Resort and Maui real estate market, please don't hesitate to contact me.
Aloha!
 |
|
|
Aloha, I was born here on Maui, live & work in the Kapalua Resort, & specialize in resort real estate. I love sharing news, insight, & information on the vibrant island community that I call home.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
