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 available as a 50% ownership for $225,000.
Throughout the first quarter of 2010, there were 31 listings (10 of which were short sale) and 5 partial ownerships listed. At the end of Q1, there were 21 active listings (10 short sale) for whole units and 5 active partial ownership units listed. Out of 31 listings, only 1 was taken off the market by the end of Q1 (4/1/2010). There were 4 sales in Q1 (1 upstairs 1/1 unit, 2 downstairs 2/2 units, and 1 upstairs 2/2 unit) and an additional 5 units in escrow. All 5 of the units currently in escrow are short sales. Two of the units sold were REO (foreclosure/ bank owned).
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. You can visit our website at www.alohapotts.com for real estate information and surf all of the listings on Maui anytime you like.
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