Quarter 3 - 2009

Kaanapali Shores Sales Statistics

Below are the sales statistics for Kaanapali Shores for the 3rd quarter of 2009.  There were two sales during the quarter:

·          A one bedroom ocean view (#548 – 717 sq.ft.) that closed for $320,000 (not remodeled)

·          A two bedroom ocean view (#603 – 988 sq. ft) that closed for $670,000 (not remodeled).

Prices continue to be influenced by distressed properties on the market. Maui is considered a declining market on appraisal reports.  Even though overall activity levels are picking up, there is still no sign that Maui condo prices will increase in the near term.

	Studio	1 Bedroom	2 Bedroom
Third Quarter Listings:
Units for Sale	8	25	11
Units Sold	0	1	1
Sold Price   Asking Price High	n/a   $399,000	$320,000   $649,500	$670,000   $1,950,000
Asking Price Low	$259,000*	$330,000	$299,000*
Short Sale/REO listings in Q3	0	3	1
Active as of 10/23/09:
Median Asking Price	$329,000	$459,000	$1,250,000
Low Asking Price	$285,000*	$379,000	$299,000*
Pending units as of 10/23/09	0	1	0
Active listings as of 10/23/09	5	15	7
Average Days on Market – 10/23/09	197

*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, call us and 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.