LAHAINA - The Aina Nalu Wine & Silent Auction Fundraiser, held on May 23 at the Aina Nalu pavilion, was a huge success, benefiting the Lahaina Complex After School Enrichment Tutor Project with a substantial donation of $22,000. Contributions toward the success of the event were comprised of financial donations, including generous donations from Aloha Realty Group and others, ticket sales and many silent auction donations from Lahaina merchants and artists. Half of the $22,000 donation will be used for each of the 2015-16 and 2016-17 school year programs. Program instructional materials and necessary … (1 comments)
aina nalu: Aina Nalu Sales Statistics - Q1 2015
- 04/22/15 04:34 AM
Presented by Aloha Potts Issue 38 – Q1, 2015 Aloha! from your Resident Experts! Inventory level and sales volume both increased during the first quarter. There were 15 units listed for sale during the quarter, but only 9 active listings at the end of the quarter, with 1 closed sale and 3 in escrow. So that’s an improvement, but the sale prices were still hovering around the same $360,000 closing price for a 2/2 unit. There was one upstairs 2/2 unit that closed for $360,000 at the end of the quarter, and another downstairs 2/2 closed on April 1 for the same price. … (0 comments)
aina nalu: Aina Nalu Sales Statistics: Q3 2013
- 10/14/13 05:46 AM
Presented by Aloha Potts Issue 31 – Q3, 2013 Aloha! from your Resident Experts! Of the 9 listings in the 3rd quarter of 2013, one was canceled and 3 were sold, leaving 5 active listings. Sales prices are steadily increasing – even a one bedroom short sale closed for $250,000 after being on the market for 647 days. The asking prices for 2/2 units have increased around 16% since the same time last year. The latest closing for a 2/2 unit at $375,000 also represents about a 16% increase from last year’s Q3 high closing price for a 2/2 of $324,000. Today … (0 comments)
aina nalu: Aina Nalu Sales Statistics: Q2 2013
- 07/13/13 10:32 AM
Aloha! From your Resident Experts! Of the 15 listings in the 2nd quarter of 2013, 2 were pending and NINE were sold at the end of the quarter. BB King once said, “the thrill is gone.” Well now, the deals are gone.
For the same quarter one year ago there were 2 two bedroom units sold. The median price was $261,250. This year there were 8 two bedroom units sold including a 2/1, and there were seven 2/2 sold with a median price of $320,000. That’s a 22% increase in selling price.
Aloha from your resident experts! Of the 13 listings in the 1st quarter of 2013, 7 were pending and 2 were sold at the end of the quarter. Two listings were canceled, and another went into escrow today, so there is now only one active listing! There are three short sales in escrow at this time, and currently no active listings that are distressed properties. With only 1 active listing and no 2 bedroom listings at this time, we have buyers waiting for listings, especially upstairs listings. Current listing inventory consists of … (0 comments)
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 … (0 comments)
aina nalu: Aina Nalu Sales Statistics - Q3 2012
- 10/23/12 03:59 PM
Presented by Aloha Potts Issue 26, Q3—2012 Aloha from your resident experts!In the past few years aina nalu was a lost property. As real estate prices imploded we took one of the worst hits on Maui. Values fell in excess of 60% in many cases. With good 2 bedroom units selling in the low $200’s in some cases, aina offered the best value on Maui – bar none. Now the toxic inventory has mostly been cleaned out. Today, it seems that aina nalu has found its place as the quality complex in Lahaina. This year several prime location units have sold … (0 comments)
aina nalu: Aina Nalu Sales Statistics - Q2 2012
- 07/30/12 04:24 AM
Aloha from your resident experts! The second quarter saw strong sales activity, with 3 sold and 1 pending at the close of the quarter and another pending at this time. In fact, after the close of the quarter another unit (upstairs 2/2) sold that wasn’t even listed on the MLS! There are only 5 active listings at this time, which we believe is a low for Aina Nalu. At the current sales pace of 1 per month, we have 5 months of inventory, which is on the low side and indicates prices may be rising. While occupancy slowed during the normal … (1 comments)
aina nalu: Aina Nalu Sales Statistics - Q1 2012
- 04/13/12 03:11 AM
Aloha from your resident experts! From Jan 1 to March 31, there were 20 listings (2 were short sale and 2 were REO/bank owned). Out of 20 listings, 2 were taken off the market, 5 were sold, and 4 were pending at the end of the quarter. At quarter-end there were only 9 active listings.
Continuing from last year, the first quarter has seen some extremes—from the lowest priced sale for a 2/2 furnished, bank owned unit at $215,000 to two closings for 2/2 furnished units at $320,000—one upstairs and one downstairs.We were surprised by the $215,000 closing, since prices … (3 comments)
aina nalu: Aina Nalu Sales Statistics - Year End 2011
- 01/07/12 05:33 AM
Aloha from your resident experts! From Jan 1 to December 31, there were 35 listings (3 were short sale and 8 were REO/bank owned). Out of 35 listings, 5 were taken off the market or expired, 17 were sold, and 1 was pending at the end of the year. At year end there were 12 active listings.
2011 has been a year of extremes—from the lowest priced sale for a 2/2 unit at $205,000 in February to the highest closed sale for a 2/2 at $325,000 in November. The reasons for the extremes are differences in seller’s and … (0 comments)
aina nalu: Aina Nalu Sales Statistics - Q3 2011
- 10/11/11 06:15 PM
Aloha from your resident experts! From July 1 to September 30, there were 20 listings (2 were short sale and 3 were REO/bank owned). Out of 20 listings, 2 were taken off the market or expired. And 1 was pending at the end of the quarter. As of October 10, Aina Nalu owners have sold 15 units in 2011, or an average of 1.67 sales per month. There were 14 sales in the entire year of 2010, so our sales pace is well ahead of last year’s.Of the 2011 sales, 9 were listed or sold by Aloha Realty Group, so we … (0 comments)
Our favorable sales trend has continued. Well-priced units are selling quickly, with multiple offers, and the number of active listings is low (12) compared to the same time last year (21).
As of July 21, there are 3 pending sales with an average of only 34 days on market, compared to the average days on market for the remaining active listings of 436 days! Average days on market for sold units in 2011 so far was 153 – not too bad, considering some of them were distressed properties.
This year, 10 units … (0 comments)
aina nalu: Aina Nalu Sales Statistics - Q1 2011
- 05/12/11 07:21 AM
Aloha from your resident experts! The tide is definitely turning at aina nalu! In the first quarter of 2011 6 units were sold, and the inventory has dropped to only 12 active listings as of April 26! The two pending sales as of 4/26 are both 2/2 units, and neither of them are short sales. Of the six units that were sold, one was a 1 bedroom that sold for $194,400 (not a distressed property), and five were 2/2 units (three out of five were distressed properties). The five 2/2 unit sales prices ranged from $205,000 for an unfurnished bank owned … (0 comments)
aina nalu: Aina Nalu Owners host Fundraiser for W. Maui school tutoring program
- 04/05/11 03:30 PM
Aina Nalu Charitable Fund ‘Dollars for Scholars' Silent Auction Benefiting the Lahaina Complex After School Enrichment Tutor Project Founded and Managed by Pat & Richard Endsley The homeowners of Aina Nalu are holding a fundraiser for the ‘Lahaina Complex After School Enrichment Tutor Project.' This "Dollars for Scholars" wine & pupus and Silent Auction event is to be held in the Aina Nalu pavilion located on the property at 660 Wainee Street in Lahaina Town on Friday, May 27, from 6 to 9 pm. The goal is to raise $10,000 to help financially sustain this tutoring project that dramatically and effectively … (2 comments)
Since July 1st, there have been 3 accepted offers and 6 new listings. No units closed escrow in the months of July and August, but two closed escrow in September (H210—a 2/1 unit, and D102—a 2/2 unit); both sold for $225,000. Two of the new listings offer owner financing. We continue to see prices drop where sellers are motivated to sell and need to compete with distressed properties. As of 9/28/10 there are 21 active listings, and there have been 9 sales this year. At this rate, it will take 21 months to sell the current inventory. Here’s a … (0 comments)
At this pace, we have about 22 months of inventory on hand. As of July 30 there are 22 available units for sale. Of the 3 sold units in Q2, 2 of them were short sales. There are 4 partial ownership listings still available from $134,900 to $149,900 for 60 day intervals .
Here’s a comparison of average asking prices—Q1 2010 to now: Studio—n/a 1/1 upstairs—$274,450 (Q1) to $329,000 (current) +20% 1/1 downstairs—$352,000 … (0 comments)
aina nalu: Q1 2010 Sales Statistics for Aina Nalu in Lahaina, HI
- 04/19/10 09:16 AM
Wow! 2010 has gotten off to an amazing start! Since January 1st, there has been a flurry of activity. There has been 9 accepted offers on units—and 4 of them have already closed escrow. Barb and Lee put two of the units pending sale into escrow on the same day. At this pace, we have about 28 months of inventory on hand. There are currently 21 available units for sale. Of the 4 sold units, 3 of them were foreclosures. There are 5 partial ownership listings still available from $114,900 to $149,900 for 60 day intervals and 1 unit is … (1 comments)
aina nalu: 2009 Sales Statistics Summary for aina nalu in Lahaina, HI
- 04/16/10 04:34 PM
Throughout 2009, there were 44 listings (10 of which were short sale) and 6 partial ownerships listed. At the end of 2009, there were 19 active listings (7 short sale) for whole units and 5 active partial ownership units listed. Out of 44 listings, 20 were taken off the market by the end of the year and 1 became a partial ownership listing. Sellers reduced their asking price by an average of 12% from their original asking price. There were 2 sales in all of 2009 (1 upstairs studio unit and 1 partial ownership downstairs 2/1 unit). Here’s a comparison … (0 comments)
aina nalu: Good news from aina nalu!
- 11/19/09 09:45 AM
Good news from aina nalu! THE BUDGET The aina nalu Board of Directors approved the 2101 budget, and it was all good news. The AOAO continues to fund reserves for future capital improvements/replacements and meets operational needs; it also allows maintenance fees to be reduced by approximately 6% in 2010. This is good news for owners who have been concerned about the financial condition of aina nalu's AOAO and about their cost of ownership. GOING GREEN - Savings today, future payoff & good environmental citizenship Solar panels are being installed on the roofs - there will be 700 panels that will … (0 comments)
aina nalu: Aina Nalu Sales Statistics Quarter 1 2009
- 04/22/09 03:12 PM
aina nalu Sales Statistics Quarter 1 2009 As of 4/22/09, we now have three 2 bedroom, 2 bath short sale listings priced at $330,000, $335,000 and $350,000. The 1 bedroom upstairs short sale unit that was priced at $325,000 is headed for foreclosure and no longer listed on the MLS. For any aina nalu sales that are closed by the Aloha Potts Team, $100 will be donated to the aina nalu Charitable Fund, which is dedicated to local community assistance. We would be honored to represent you with a purchase or sale of Maui real estate. Call 808.344.5008barb@alohapotts.com
(From the Lahaina News)
;)
;)
;)
