Aina Nalu Sales Statistics - Q3 2012
By Barbara Potts
(Aloha Realty Group)
Presented by Aloha Potts Issue 26, Q3—2012 Aloha from your resident experts!In the past few years aina nalu was a lost property. As real estate prices imploded we took one of the worst hits on Maui. Values fell in excess of 60% in many cases. With good 2 bedroom units selling in the low $200’s in some cases, aina offered the best value on Maui – bar none. Now the toxic inventory has mostly been cleaned out. Today, it seems that aina nalu has found its place as the quality complex in Lahaina. This year several prime location units have sold well in excess of $300K. That’s up about 50% from our low. Even at the new more realistic prices, aina nalu is still the best value in the Maui market.As available inventory sells off, sellers get firm on price with little change in sales. Th...