Aloha, it was another steady, but slow week in the luxury home market, with some interesting auction action.

Closed Sales 

There were no sales this week in the $4 million-plus luxury home segment.

Pending Sales

We have two new pending sales this week, including one of the auctioned properties we reported on recently.

21 Kaulua Place - Ku'au, Paia

4 bedrooms | 3.5 bathrooms | 3,026 sq.ft | 0.40 acres | Oceanfront. Listed at $7,500,000. Sold at auction with a high bid of $4,325,000, plus a 12% buyer fee paid to the auction house.

85 Lau Awa Place - Launiupoko

4 bedrooms | 4 bathrooms | 3,197 sq. ft. | 982 sq. ft, 2 bed, 1 bath Ohana | 5.6 acres. On the market for 387 days. Originally listed at $7,200,000 in November of 2024. After five price reductions, it was last listed at $5,750,000 - approximately 24% below the initial asking price.

Price Reductions

There were no price reductions for single-family homes in the $4 million-plus category this week.

Cancelled & Expired Listings

27 Kaulele Place - Ka'anapali

4 bedrooms | 3.5 bathrooms | 2,675 sq. ft. | 0.25 acres. Listed for $4,425,000 and cancelled after just 17 days on market. 

151 Halau Place - Wailea Golf Estates

4 bedrooms | 4.5 bathrooms | 4,537 sq. ft. | 0.33 acres. Originally listed at $6,775,000, reduced to $6,495,000. Cancelled after 264 days on market.

43 Papaua Place - Napili

5 bedrooms | 4 bathrooms | 4,000 sq. ft. | Oceanfront. Originally listed at $7,995,000, reduced to $7,500,000. Cancelled after 247 days on market.

180 Door of Faith Road - Ha'iku

5 bedrooms | 4 bathrooms | 3,609 sq. ft. | 440 sq. ft, 1 bed, 1 bath Ohana | Oceanfront. Listed at $8,495,000. Cancelled after 124 day s on market with no price reductions.

29 Kolonahe Place - Kula

3 bedrooms | 3.5 bathrooms | 3,766 sq. ft. | 1.7 acres. Listed for $8,800,000. Cancelled after 166 days on market with no price reductions.

65 Wili Okai Way - Pu'unoa, Lauiniupoko

5 bedrooms | 5.5 bathrooms | 1,016 sq. ft. 2 bed, 2 bath Ohana | Just over 5 acres. Listed for $10,450,000. Cancelled after 312 days on market with no price reductions.

New Listings

3977 Wailea Ekolu Place - Wailea Golf Estates

4 bedrooms | 6 bathrooms | 4,079 sq. ft. | 0.33 acres. Listed for $7,200,000

325 Hokiokio Place - Pu'unoa Estates

5 bedrooms | 5.5 bathrooms | 4,938 sq. ft. | 5.1 acres | Built 2024. Listed at $10,950,000. Seller willing to consider a 505 interest sale.

1750 Halama Street - Oceanfront Kihei

4 bedrooms | 5.5 bathrooms | 600 sq. ft 2 bed, a bath Ohana. Listed for $16,800,000

Summary

It's good to see new pendings this week, and it will be interesting to watch where the auction properties ultimately close. We'll also be keeping a close eye on the cancelled listings - several of these could easily return to the market as new offerings during the winter season. The new listings coming on now should help keep the market interesting as we move into the year-end cycle.

We are grateful for you this Thanksgiving week and hope you have a beautiful holiday!