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Ka'anapali Shores News |
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Aloha!
It is a strange year at Kaanapali Shores. So far this year there have been just 9 sales. By this time last year there had been 17 sales, but then there was just one more for the rest of 2010.
This quarter there were 3 sales; all of them were one bedroom units, and all were the 717 square foot D floor plans. One of them, the one on which Lee represented the buyer, was a short sale.
We handle a lot of shorts sales, more often than not representing the seller. They all have their challenges, but all things considered, they generally go pretty smoothly.
This one did not go smoothly. It took over a year to finish and there were plenty of times it looked like it wasn’t going to happen. But thanks to a very patient buyer, who hung in there the whole time, it got closed.
A short sale can be a good thing for all parties. The seller gets rid of a payment that has become an unbearable burden and avoids foreclosure. The buyer, a patient buyer, gets a bargain and the association gets someone who can make the AOAO payments.
We’re not expecting to see that many more distressed properties at K. Shores. There are a few, but compared to some complexes, not that many. It’s a great place, we love spending time there and hope to see you at the upcoming owners meeting.
Studio 1 Bedroom 2 Bedroom Special Fee Simple Ocean View Garden View Ocean View Garden View Ocean View Garden View 2 21 4 10 0 5 Sold 0 0 3 0 0 Asking Price High $319,000 $267,500 $595,000 $599,000 $999,900 n/a $1,900,000 Asking Price Low $269,000 $260,000 $256,505 $234,900 $598,000 n/a $1,500,000 Median Asking Price $300,000 $263,750 $430,000 $387,000 $719,950 n/a $1,750,000 Median Sold Price n/a n/a $375,000 n/a n/a n/a n/a Median For Sale $307,000 $263,750 $459,000 $375,000 $699,900 n/a $1,750,000 Studio 1 Bedroom 2 Bedroom Special Leasehold Ocean View Garden View Ocean View Garden View Ocean View Garden View 1 1 4 0 2 0 0 Sold 0 0 0 0 0 0 0 Asking Price High $239,000 $215,000 $275,000 n/a $630,000 n/a n/a Asking Price Low $239,000 $215,000 $225,000 n/a $479,000 n/a n/a Median Asking Price $239,000 $215,000 $250,000 n/a $554,450 n/a n/a Median Sold Price n/a n/a n/a n/a n/a n/a n/a Median For Sale $239,000 $215,000 $265,000 n/a $554,500 n/a n/a
Kaanapali Shores Sales Activity - Third Quarter - 2011 Summary
7/1/11- 9/30/11
Ocean View 2/2
For Sale
5
0
0
7/1/11 - 9/30/11
Ocean View 2/2
For Sale
Total number of units for sale at Kaanapali Shores (Q3 2011): 55
Total number of units sold at Kaanapali Shores (Q3 2011): 3
Total number of units ACTIVE for sale at end of Q3 2011: 44
# of Studios for sale: 8
# of 1 Bedrooms for sale: 22
# of 2 Bedrooms for sale (including Special View units): 14
At the end of
September 2011, there were 2 pending sales. During Q3 2011, 2 listings were canceled
and 4 of the listings expired. The average number of days on the market for
listings during this time was 382 days.
Want to see previous sales statistics for Kaanapali Shores? Q2 2011 Stats, Q1 2011 Stats, Wrap Up 2010
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