Front Street (Lahaina, HI)
Front Street (Lahaina, HI) Real Estate News
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Aina Nalu Sales Statistics - Q1 2015
Barbara Potts (Aloha Realty Group)
Presented by Aloha PottsIssue 38 – Q1, 2015Aloha! 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. At the time of this writing (April 9) there are two 2/2 units in escrow that are listed on the MLS (both in the D building) and another in escrow that is not listed in the MLS (also in the D building). This building was one of developer’s favorites due to its proximity to both pools and views other than parking lot views. There is still one downstairs 1-bedroom unit listed at this time at $335,000, also in the D building. The one 2/1 downstairs unit in the H building priced at $379,000 was replaced by an upstairs unit in the same building at the same price. Today there are 7 active 2/2 listings priced from $385,000 to $429,000. Days on market range from 21 days to well over 400 days for some units that started out priced over $400,000. We continue to heavily market aina nalu with articles and ads, announcements at Realtors’ caravan, and blast emails, positioning it as the BEST value in West Maui. We are also working with our sellers on pricing, and it’s starting to make a difference. We hope to see you at our aina nalu Wine & Silent Auction fundraiser for the West Maui Tutoring Program in the pavilion on Saturday, May 23 from 6 – 9 pm. Tickets can be purchased at eventbrite.com, for which you will receive 2 glasses of wine, pupus from Longhi’s, a commemorative Govina wine glass, and entertainment by local jazz guitarist Gary Larson. From Jan 1 to March 31, there were 15 listings. There were two expired listings at the end of the quarter. There were three pending sales at the end of the quarter. In addition, there was one downstairs 2/2 unit in escrow that had not been listed on the MLS.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.BarbaraLive Aloha!Barbara S. Potts, R(B),  MBA, SFR, ABR®, CNE, CIAS, GRICertified Short Sales and Foreclosure ResourcePrincipal BrokerAloha Realty Group180 Dickenson St. #217Lahaina, HI 96761808-344-5008 cell808-443-0555 efaxSearch active Maui listings at  www.aloharealtygroup.comSearch for additional property information at www.alohapotts.com
Georgina hunter realtor
Front Street, Lahaina - before the Halloween event
Georgie Hunter, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers)
Front Street, Lahaina - before the Halloween event Front Street in Lahaina Maui is always a fun place to be, even when it's not Halloween. There's so many interesting shops and restaurants to visit. For history buffs there's even some museums, and plenty of historical buildings and sites. The Lahaina Harbor is right there, with tour boats and fishing charters coming and going. Lots of activity here on Front St. and lots to see and do. Find out more about Lahaina town at their website where you can see the calendar of events and read the newsletters. Find a home for sale in Lahaina and other parts of West Maui, and be part of the scene! Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers 161 Wailea Ike Place C-103B, Wailea HI 96753 127 Hana Hwy. #G, Paia HI 96779 800 667-5028 ex 8241 direct: 808 283-0635
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Aina Nalu Resort Sales Statistics - Q2 2014
Barbara Potts (Aloha Realty Group)
aina nalu news Presented by Aloha Potts Issue 35, Q2—2014 Aloha from your resident experts! In the first quarter there were 2 units sold – one 1 bd unit, which sold for $300,000, and one 2/1 downstairs unit, which sold for $379,000.  We were told that the 2/1 unit sale was actually the purchase of the remaining interest in a fractionalized property, which makes it unique for aina nalu. The slower sales pace at aina nalu continues to surprise us. After the quarter’s end, one of the 2/2 upstairs units that had been reduced to an asking price of $377,500 sold for $360,000 cash.  This sale price is lower than the last two sales for 2/2 units and the last sale for the 2/1 unit mentioned above. Our inventory for 2 bd units has stabilized at 8 for now, with all but one being 2/2 units.  Six of the 2/2 units are upstairs, so there is now only one downstairs 2/2 listing. There are no 1 bedroom units listed at this time.  The active listings are priced between $379,00 for a downstairs 2/1 and $449,000 for an upstairs 2/2 facing the small pool. The occupancy levels continue to appear strong. It’s still challenging to show the active listings, so we frequently need to show them between check in/check out, before they are clean. At current inventory levels and sales pace, we have almost 12 months’ of inventory for 2 bedroom listings. As we mentioned last quarter, the one bedroom units have sold more quickly, and of course we have fewer 1 bedroom units in the development, so their occupancy rates are generally quite good and they seem more attractive as investments. So what’s in store for this 3rd quarter?  We think that sales prices have stabilized, so it may be a while still before we see a closing price over $400,000. From Apr 1 to Jun 30, there were 12 listings (one was the sale of a remaining interest in a fractional 2/1 property).  There was one cancelled listing at the end of the quarter.  As of July 14, there are no 1 bedroom listings and 8 active 2 bedroom listings.  The 2/2 upstairs unit that was pending at the end of the quarter recently closed for $360,000. 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.aloharealtygroup.com for real estate information and surf all of the listings on Maui anytime you like. Aloha a hui hou! Barbara S. Potts R(B)
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Aina Nalu Resort Sales Statistics - Q1 2014
Barbara Potts (Aloha Realty Group)
Presented by AlohaPotts with Aloha Realty Group Issue 34, Q1, 2014 Aloha from your resident experts! In the first quarter there were 4 units sold – 3 one bd units and one 2/2 downstairs unit facing the large pool and hot tub, which sold for $395,000. The one bedrooms sold for $269,000 - $290,000. The slower sales pace for 2 bedroom units has surprised us. Our inventory for 2 bedroom units has grown to eight 2/2 units and one 2/1 unit.  Six of the 2/2 units are upstairs. There is only one 1 bedroom condo listed, priced at a hefty $329,000.  The two bedroom units are priced between $377,500 and $439,000. The occupancy levels appear to be excellent; it’s difficult to show the active listings because they are almost always occupied when we receive requests to show. We sometimes need to show them between check in/check out, before they are clean. At current inventory levels and sales pace, we have 1 month of inventory for 1 bedroom units and 27 months’ of inventory for 2 bedroom listings!  Why the difference?  Price, maintenance fees, and rental income!  The price differential (one bedroom to two bedroom units) this last quarter for sold units was over $100,000; the maintenance fees for 1 bedroom units are about $300+ less a month; the rental income in 2013, according to Outrigger average statistics, was only about $158 less per month for a one bedroom unit. So it is an economic decision. Now that the only 1 bedroom listed is priced at $329,000 we expect the balance to shift a little. When you look at average Q1 prices since last year, here is the lowdown:
QTR Unit Type Inventory Avg Sold $ Change Avg Asking $ Change
2013 1 BD ↑stairs 1 n/a   $210,000*  
2014 1 BD ↑stairs 2 $280,000   $329,000 +57%
2013 1 BD ↓stairs 4 $225,000   $287,000  
2014 1 BD ↓stairs 2 $279,500 +24% n/a  
2013 2BD/ 1BA 2 n/a   $295,000  
2014 2BD/ 1BA 1 n/a   $379,000 +28%
2013 2BD/ 2BA 6 $325,000   $351,500  
2014 2BD/ 2BA 9 $395,000 +22% $408,444 +16%
From Jan 1 to Mar 31, there were 14 listings (none were distressed properties). There were no pending sales at the end of the quarter.  There were no expired or cancelled listings at the end of the quarter, either.  As of April 7, there is just 1 one bedroom listing, priced at $329,000 and there are 9 two bedroom listings.
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Aina Nalu Resort Sales Statistics - Q4 & Year-End Review 2013
Barbara Potts (Aloha Realty Group)
Presented by Aloha PottsIssue 32 – Q4, 2013 Aloha! from your Resident Experts! At year end there were 7 active listings, only one of which was a 1 bedroom unit, and that unit is in escrow at this time. For the first time in a while, we have more upstairs 2 bedroom 2 bath units for sale than any other category.  As of 1/13/14 we have 8 active listings, of which there are: one 2/1 downstairs priced at $379,000, two 2/2 downstairs units both priced at $399,000, and five 2/2 upstairs units priced from $377,500 to $439,000. We only had one closing in the 4th quarter – a one bedroom downstairs unit that closed for $259,000.  One 2/2 upstairs unit that has been listed for 67 days was recently reduced to $377,500, so we expect that unit to go into escrow soon.  There is also a 2/2 downstairs unit in escrow that should close in January with an asking price of $410.000.  We are experiencing good activity levels with interest from buyers and showings (when we can get into the units, since occupancy is high at this time of year). The differences in asking and selling prices probably  has  to do with three thingsthe motivation of the sellers and the buyers, location within the development and condition of the unit. In some cases owners have invested in new paint, furnishings and A/C units, while other units are in ‘original condition’. It does feel like prices have stabilized a bit over the last few months, and with more inventory we don’t expect prices to continue to increase they way they did in 2013. With 8 current active listings, and three sales (including the 2 in escrow which will close in January and the 1 closed sale), we have approximately 8 months of inventory available, more than last quarter.  This time of year tends to be busier in terms of interested buyers, so we are optimistic that the sales pace will pick up by the end of the quarter. From October 1 to December 31, there were 11 listings (there were no short sales or REO/bank owned sales). There were 2 pending at the end of the quarter.  At the quarter’s end, there were only 7 listings available for sale; all of which were 2 bedroom units. The 2013 closed sales for Aina Nalu are listed below.  Out of 15 sales in 2013,   Aloha Realty Group was involved in 6 of the transactions and represented 9 buyers and sellers in those transactions.  The average days on market for all sales was 175, and the average sales price to list price percentage was 94%
Unit Bds Bths Sold Price Days On Market
C-105 1 1 $225,000 70
D-105 1 1 $250,000 157
J-105 1 1 $250,000 175
G-106 1 1 $259,000 224
K-205 1 1 $250,000* 647
H-105 2 1 $280,000 270
H-107 2 1 $300,000 42
A-108 2 2 $320,000 106
B-102 2 2 $320,000 176
K-107 2 2 $325,000 991
A-101 2 2 $337,000 284
G-104 2 2 $340,000 42
K-109 2 2 $340,000 137
B-210 2 2 $280,000* 275
A-203 2 2 $375,000 85
*= sold as short sale From Jan 1 to December 31, there were 26 listings (2 were short sale and none were REO/bank owned). Two listings were pending at the end of the year.  At the year end, 2 of the listings were canceled, leaving 7 active listings. As of January 13th, there are no one bedroom units listed. There is one downstairs one bedroom unit in escrow. Barb Live Aloha! Barbara S. Potts, R(B),  MBA, SFR, ABR®, CNE, CIAS, GRICertified Short Sales and Foreclosure ResourcePrincipal BrokerAloha Realty Group180 Dickenson St. #217Lahaina, HI 96761808-344-5008 cell808-443-0555 efaxSearch active Maui listings at  www.aloharealtygroup.comSearch for additional property information at www.alohapotts.com We are never too busy for your referrals To Make a Difference in our children’s lives, please contact me to see what you can do to help or visit our website at:  http://www.ilovemauischools.com
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Aina Nalu Sales Statistics: Q3 2013
Barbara Potts (Aloha Realty Group)
Presented by Aloha PottsIssue 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 we still have a 1 bedroom listing for $279,000 and a 2 bedroom 1 bath unit listing for $345,000.  The 3 two bedroom 2 bath units are listed at $399,000 and $410,000 (two units listed at the same price).  So we have broken the $400K barrier for asking prices that some of you have been waiting for. There was a studio listed for a short while, and multiple offers were received on that unit, but the seller elected to cancel the listing. The asking price was $225,000, and offers came in at or above the asking price. There are few studios at aina nalu and the rental revenue is strong, but financing is a challenge for aina nalu studios, so studio sales need to be cash deals. So with active 5 listings at this time and an average sales rate of 2 per quarter, we now have about 7.5 months of inventory available, which is close to a balanced market.   (6 months’ inventory is considered balanced in most markets.) It feels like our market at aina nalu has stabilized and we can expect continued price appreciation for the next few years, based on market projections – barring unforeseen challenges caused by our Washington legislators’ inability to agree!  Maybe they need some aloha? From July 1 to September 30, there were 9 listings (only 1 was a short sale and none were REO/bank owned). There were NO pending at the end of the quarter.  At the quarter’s end, there were only 5 listings available for sale. 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. Barbara Live Aloha!Barbara S. Potts, R(B),  MBA, SFR, ABR®, CNE, CIAS, GRICertified Short Sales and Foreclosure ResourcePrincipal BrokerAloha Realty Group180 Dickenson St. #217Lahaina, HI 96761808-344-5008 cell808-443-0555 efaxSearch active Maui listings at  www.aloharealtygroup.comSearch for additional property information at www.alohapotts.com We are never too busy for your referrals To Make a Difference in our children’s lives, please contact me to see what you can do to help or visit our website at:  http://www.ilovemauischools.com
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Lahaina Tutoring Project receives $21,000 from Aina Nalu Fundraiser
Barbara Potts (Aloha Realty Group)
Aloha! The Lahaina Tutoring Project is an organization here in Maui that consists of volunteers from the community who tutor the elementary, middle, and high school children around Lahaina. My fellow PFEE.org members and I decided to put on a fundraiser to help raise money for this inavluable cause. It was a great success! More info: http://www.alohapotts.com/lahaina-tutoring-project/2013/08/ Lahaina Tutoring Project receives $21,000 from Aina Nalu Fundraiser August 20, 2013 – Lahaina, Maui The Aina Nalu Wine & Silent Auction Fundraiser, held on May 25 and sponsored by People for Educational Equality, Lahaina Town Action Committee and others, was a huge success by all measures. Today the Tutoring Project received $21,000 as a result of the fundraiser and private donations.  Attendees of the May event enjoyed a wonderful evening with friends, pupus, wine, live entertainment by Sam Ahia, and a huge silent auction in a beautiful setting around Aina Nalu’s infinity pool. The event was held at the Pavilion on Aina Nalu, 660 Wainee Street, Lahaina. The decorations were elegant and the ambience was perfect for a night of mingling, and most importantly, giving! Waiters passed around pupus provided by Betty’s Beach Café, Pioneer Inn, Take Home Maui, CJs Deli, Lahaina Yacht Club, Fleetwood’s, The Bakery, Koa’s Seaside Grill, and Ono Gelato, as well as committee members Debbie Arakaki, Liz May, Connie Stevenson, Cathy Kampstra and PFEE board member, Flo Wiger. There was an impressive array of wines from all over the world, donated by local businesses and individuals. Many chose to sample and drink their wine from the commemorative wine glass they were given upon entry to the event. For those who preferred a different kind of beverage, Maui Brewing Company donated an assortment of locally brewed beers. The Lahaina Complex After School Tutor Project, founded by Richard and Pat Endsley of Lahaina over 13 years ago, helps students in the four public schools of West Maui to increase literacy and comprehension in various subjects and to build self confidence, self–esteem and leadership qualities. The project has no regular source of funding, is staffed with all volunteer tutors, and provides bus service and snacks, annual curriculum, and incentives for students. Richard and Pat Endsley, along with Lee and Barbara Potts, offer their thanks to all the donors, volunteers, and attendees. Richard said that he was "overwhelmed at the amount of talent displayed by the volunteers and Fundraiser Committee members. They are a wonderful team!" "We could not have had such an outstanding fundraiser event without your incredible support!!  We are so blessed to have so many people who care about  the education of our keiki and our  tutoring project.  A huge mahalo to all of you," said Pat of the volunteers. Liz May of AAAAA Rent a Space in Lahaina said that her efforts as a committee member were "A true labor of love benefitting education.  I believe [this fundraiser is] one of the best causes in our community." Lee & Barbara Potts are planning another aina nalu fundraiser in May of 2015 (every other year) for the tutoring project, and they support the project on an ongoing basis through donations and volunteer tutoring.  If you are interested in donating to this important project that benefits hundreds of public school children and their families in West Maui every year, you can donate online at http://www.razoo.com/story/Lahaina-Tutoring-Program or www.pfee.org or you can mail a donation to People for Educational Equality, c/o Barbara Potts, 180 Dickenson St. #217, Lahaina, HI 96761.
Lahaina, HI Real Estate Professionals
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