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 of average asking prices—2009 to 2008:
- Studio—$239,000 (2009) to $253,500 (2008) -6%
- 1/1 upstairs—$373,000 (2009) to $397,400 (2008) -6%
- 1/1 downstairs—$367,667 (2009) to $408,000 (2008) -10%
- 2/1 upstairs—$451,000 (2009) to $544,000 (2008) -17%
- 2/1 downstairs—$340,000 (2009), no units in 2008
- 2/2 upstairs—$432,559 (2009) to $500,347 (2008) -14%
- 2/2 downstairs—$415,557 (2009) to $504,438 (2008) -18%
For further information on properties at aina nalu or anywhere on Maui, contact Lee or Barbara at lee@alohapotts.com or barb@alohapotts.com, or call 808.276.8776.
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