Kaanapali Shores Market Update 2026

On trend with the overall Maui condo market, median prices at Kaanapali Shores have been generally returning to early 2022 prices.  Why are condo prices dropping?  There are a number of factors causing market uncertainty in West Maui including the recent passing of Bill 9 which phases out vacation rentals in apartment-zoned areas and impacted a large number of surrounding properties. As a hotel-zoned property, Kaanapali Shores is not directly impacted and short-term rental use will continue at Kaanapali Shores. One might think that prices would be going up as potential buyers choose to buy hotel-zoned properties, but entering 2026, Kaanapali Shores so far has followed the overall market trends. 

 

Unit	Status	List Price	Land Tenure	Closing Date	Sold Price	Days On Market	Beds	Baths	Liv-SF
212	SOLD	$234,000	LEASE	12/8/25	$205,000	118	1	1	806
149	SOLD	$350,000	LEASE	9/29/25	$285,000	234	1	1	717
817	SOLD	$625,000	LEASE	8/20/25	$575,000	405	2	2	1,004
432	SOLD	$645,000	FEE SIMPLE	1/10/25	$585,000	226	0	1	507
339	SOLD	$795,000	FEE SIMPLE	1/14/25	$775,000	230	1	1	717
744	SOLD	$829,000	FEE SIMPLE	6/3/25	$795,000	70	1	1	717
309	SOLD	$900,000	FEE SIMPLE	9/16/25	$800,000	214	1	1	806
947	SOLD	$897,777	FEE SIMPLE	3/13/25	$818,000	364	1	1	717
443	SOLD	$835,000	FEE SIMPLE	6/16/25	$825,000	172	1	1	717
826	SOLD	$875,000	FEE SIMPLE	10/22/25	$830,000	62	1	1	717
709	SOLD	$949,000	FEE SIMPLE	1/6/25	$920,000	142	1	1	806
529	SOLD	$1,090,000	FEE SIMPLE	6/6/25	$925,000	71	2	2	964
737	SOLD	$1,050,000	FEE SIMPLE	1/10/25	$950,000	302	2	2	964
303	SOLD	$1,200,000	FEE SIMPLE	4/1/25	$1,090,000	56	2	2	988
155	SOLD	$1,200,000	FEE SIMPLE	8/29/25	$1,250,000	63	2	2	1,078

 

The overall number of sales closing at Kaanapali Shores in 2025 was greater than the previous two years, though less than half of the number closings we saw in the unicorn real estate market post-covid with super low interest rates.  

 

2025 - 15 sales

2024 - 14 sales

2023 - 11 sales

2022 - 34 sales 

2021 - 33 sales 

2020 - 15 sales

 

 

Of the condos that sold at Kaanapali Shores in 2025, the Median days on market was 172 days,  up significantly compared to the previous year when the median days on market from listing to closing was 77 days.  For context, on Maui, the median days on market for all condos in 2025 was 112 days. 

At the time of writing there are (30) active listings on the market at Kaanapali Shores, representing approximately 6.5% of the total units at Kaanapali Shores. 

 

Buyers have more choice and opportunity compared to previous years and can benefit from better pricing and more selection of inventory. 

 

Sellers need accurate pricing and a clear marketing strategy to stand out in the 2026 Maui condo market. 

 

 

 

 

Heidi E. Dollinger, R(B)

Island Sotheby's International Realty

808-359-4245