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Sales statistics for Kaanapali Shores - September 2010

By
Real Estate Agent with Aloha Realty Group

Aloha!

The sales pace at Kaanapali Shores hasn't changed much and continues to be impacted by distressed properties.

As of September 30th, there are 45 units available for sale and 4 pending sales, compared to 47 units for sale and 4 pending sales at the end of August, when our last bulletin was published. Three of the four currently pending units are distressed properties.

During September, there were 2 units sold-compared to 6 units sold in June-August 2010.  The units sold were #642 - ocean view studio for $240,000 and #742 - ocean view studio  for $302,000, both fee simple.

There were 5 distressed property listings in the month of September. Three of the 4 short sale units are currently in escrow. The one bank-owned (foreclosure) property that was listed was unit #642 which sold for $240,000.

At the current sales pace (averaging 2 sales per month), the 45 available units  in inventory would take 22-23 months to sell.

As owners, we are looking forward to an interesting annual meeting in early November. We hope to see you there!

Kaanapali Shores Sales Activity - September 2010 Summary

Total number of units for sale at Kaanapali Shores (September):    54
Total number of units sold at Kaanapali Shores (September):    2
Total number of units ACTIVE for sale at end of September:    45
# of Studios for sale: 7
# of 1 Bedrooms for sale: 24
# of 2 Bedrooms for sale (including Special View units): 14

At the end of September, there were 4 pending sales. During the month of September, no listings were canceled and 3 of the listings expired. The average number of days on the market for listings during this time was 216 days.

Comments (1)

Nor Yeretsian
Envoy Capitol Realty Inc. - Toronto, ON
Envoy Capitol Realty Inc., Brokerage Toronto

Thanks for the information Barbara .

Cheers

Nor Yeretsian

Oct 22, 2010 05:19 PM