Aloha from your resident experts!
From July 1 to September 30 there were 8 listings and 5 closed sales. There weren't any expired or cancelled listings at the end of the quarter. There were 0 pending sales and 3 active listings at the end of the quarter.
Sales activity at Aina Nalu was still healthy in the 3rd Quarter, but the pace has slowed a bit.
Here's the comparison to Q2 activity:
Interest rates are still great, which is contributing to the continued sales and allowing for some price increases. Overall, Maui condo sales for September were on par with sales last year at the same time (119 in 2019, versus 120 in 2018) in spite of the fact that inventory has dropped drastically (456 active listings in September 2019, versus 530 in September 2018). At the end of August, we only had 3.7 months of inventory on hand in Maui, which is representative of a seller's market.
The question is -what's ahead? We are here to help if you are wondering if it's time to sell.
For further information, contact Lee Potts at firstname.lastname@example.org or 808-876-2776 or Barb Potts at email@example.com or 808-344-5008.
Aloha Group Maui is a team headed by L. Lee Potts, MBA, REALTOR® R(B) and Barbara S. Potts, MBA, REALTOR® R(B) and former California CPA. We are business people, and we treat our clients with the same care and service attitude that we would like to receive when we do business – and we do it with Aloha! We are in business for pleasure and profit. We expect that most of our clients will enjoy the property they own in Maui (pleasure), and it would be nice for everyone if your property performs well for you (profit). Real estate can be highly speculative, and profits are never guaranteed. So if you are buying property in Maui, it’s a good idea to surround yourself with Real Estate Professionals.
Lee Potts holds an MBA and was the President of an international software company. He was also the Marketing VP of a publicly traded company, and has been investing in real estate since right out of college.
Barbara Potts holds an MBA, was a CPA with Ernst and Young, held a financial management position at Apple, was Director of Strategic Marketing for Grass Valley Group (a division of Tektronix), was a business broker in California, and has always been a real estate investor.
We would be honored to represent you with a purchase, sale or 1031 Exchange of Maui real estate. If you’re in Lahaina Town, stop in and see us - our office is across the street in Dickenson Square, in Suite 212.
Copyright 2019 L. Lee & Barbara S. Potts
Statistical information in this newsletter is based on actual sales information reported to the Realtor’s Association of Maui, Inc. While this information is deemed reliable, it is not guaranteed. This newsletter is for informational purposes only and not intended as advice for investment or any other purposes. Real estate is considered to be highly volatile and purchasers and sellers of real estate should always seek expert outside advice before investing.