Issue 27, Q4—2012 & Issue 28, Year in Review 2012
Aloha from your resident experts!
Of the 14 listings in the 4th quarter of 2012, 5 were pending and 2 were sold at the end of the year.
We had the highest priced sale since the financial downturn—unit A201, an upstairs 2/2 unit facing the smaller pool, sold for $329,616. Prices seem to be increasing overall, and yet unit K101, another end 2/2 unit downstairs, sold for $280,000. This is still better than earlier sales prices for 2/2 units in 2012, but leaves a wide variation between the last two closing prices.
There are two short sales in escrow at this time, and currently no active listings that are distressed properties.
In fact, there are not very many listings at all right now. As of Jan. 5, we have only 7 active listings, with no upstairs 2 bedroom listings. We have buyers waiting for upstairs 2 bedroom listings!
Current listing inventory includes 3 one bedroom units, two 2/1 units, and two 2/2 units, both downstairs end units.
The market in general is very active right now—demand is strong, rates are great, prices are still good, but inventory levels are down across the board. This seems to be our current challenge, finding properties for our buyers who want to buy at market prices. The definition of market price is the challenge, because many sellers are holding out for higher prices than past sales, and buyers and appraisers are looking at past sales as indication of market price.
Lastly, we want to remind everyone of our fundraiser at aina nalu on May 25, the day after the annual AOAO meeting, for the West Maui Tutoring Program. We hope you can attend, and we are looking for wine and silent auction donations. Please contact Barbara for more information.
From Oct 1 to December 31, there were 14 listings (2 were short sale and none were REO/bank owned). Five listings were pending at the end of the quarter. Atthe quarter’s end, one of the 1 bedroom listings was canceled, leaving 6 active listings.
The 2012 closed sales for Aina Nalu are listed below. Out of 12 sales in 2012, Aloha Realty Group was involved in 6 of the transactions and represented 9 buyers and sellers in those transactions. The average days on market for all sales was 243, and the average sales price to list price percentage was 91%.
Unit Bds Bths Sold Price Days On Market
A-205 1 1 $210,000 125
I-109 2 2 $215,000 66
J 101 2 2 $250,000 54
B-104 2 2 $260,000 260
B107 2 2 $262,500 189
A204 2 2 $270,000 28
H202 2 1 $279,000 80
K101 2 2 $280,000 42
K 208 2 2 $320,000 49
D-101 2 2 $320,000 1574
G202 2 2 $324,000 0
A201 2 2 $329,616 455
From Jan 1 to December 31, there were 26 listings (3 were short sale and 2 were REO/bank owned). Five listings were pending at the end of the year. At the year end, three of the listings were canceled, leaving 6 active listings.
Hau’oli Makahiki Hou! (Happy New Year!)
Live Aloha!
Barbara S. Potts, R(B), MBA, SFR, ABR®, CNE, CIAS, GRI
Certified Short Sales and Foreclosure Resource
Principal Broker
Aloha Realty Group
180 Dickenson St. #217
Lahaina, HI 96761
808-344-5008 cell
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