Aina Nalu News
Presented by Aloha Group Maui
Issue 67, Q2 - 2022
Aloha from your resident experts!
The second quarter of 2022 has felt like a return to the days of yore...or at least the days before COVID. We have enjoyed community events again: the King Kamehameha parade, fireworks on Front Street, concerts at the MACC and even just simple things like being able to go to a movie. Even real estate seems to be settling a little bit.
Though perhaps that isn't exactly the case at Aina Nalu. Units continue to sell before they are even listed and prices only continue to increase. Days of market ranges from 15 to 72 days, with a low average of 36 DOM. Everyone wants to own at the best resort in Lahaina!
Here is a summary of what happened in Q1 2022 vs. Q2 2022:
As of July 5, there are two units in escrow, B101 was in escrow at quarter's end and D103 went into escrow as of July 5. B101 is listed at $800,000 and D103 is listed at $850,000. We closed the quarter with the highest sold price in Aina Nalu history.
Overall, real estate does seem to be slowing down, overall number of escrows is down and inventory is up a little bit. However, what hasn't changed is prices, it is still a seller's market!
From April 1 - June 30 there were 5 listings and 4 closed sales. There were 0 cancelled listings, and 0 expired listings at the end of the quarter. There were 0 active listings and 1 pending sale at the end of the quarter.
For more details on current Maui real estate prices and sales, go to the Maui Real Estate Advisor for all the stats.