About Lahaina's Honokowai

Kaanapali Shores Q2 2009 Sales Statistics

08-05-09

Barbara Potts

view my blog
Office: (808) 344-5008

Mobile: (808) 344-5008

Quarter 2 - 2009

Kaanapali Shores Sales Statistics

Below are the sales statistics for Kaanapali Shores for the 2nd quarter of 2009. There were two sales during the quarter:

•· A one bedroom ocean view (#750 - 717 sq.ft.) that closed for $410,000 (not remodeled)

•· A two bedroom ocean view (#161 - 1078 sq. ft) that closed for $970,000 (not remodeled).

Prices continue to be influenced by the distressed properties on the market and the urgency to complete upgrades required to remain in the Aston rental program. Some appraisers are noting that Maui is a declining market on their appraisal reports. Even though overall activity levels are picking up, there is no sign that Maui condo prices will increase in the near term.
.

	Studio	1 Bedroom	2 Bedroom
Second Quarter Listings:
Units for Sale	7	24	14
Units Sold	0	1	1
Sold Price Asking Price High	n/a $449,000	$410,000 $649,500	$970,000 $1,950,000
Asking Price Low	$277,000*	$335,000	$545,000

Short Sale/REO listings in Q2	0	2	1


Active as of 6/30/09:
Median Asking Price	$309,500	$454,500	$1,250,000
Low Asking Price	$277,000*	$379,000	$545,000

Pending units as of 7/29/09	0	2	1


Active listings as of 7/29/09	6	15	8


Average Days on Market - 7/29/09	207

*Leasehold property

Lee and Barbara of Aloha Realty Group are proud owners at Kaanapali Shores. If you would like more information about buying or selling at K. Shores, you owe it to yourself to find out what makes the Aloha Potts Team different.

The Aloha Potts Team at Aloha Realty Group is certified to list and sell distressed properties.
For more details or to request your free property analysis, contact us at 808-344-5008 (Barbara) or 808-276-8776 (Lee) or email lee@alohapotts.com or barb@alohapotts.com.

0 Comments