Lahaina’s Aina Nalu | Market Still Red Hot

Lahaina’s Aina Nalu | Market Still Red Hot

As part of my commitment to keeping the community informed about West Maui’s dynamic, micro market real estate environment, I’m bringing you an up-to-date, comprehensive property market summary of Aina Nalu, Downtown Lahaina’s premier vacation resort community.
 
Aina Nalu Lahaina entrance with a stone sign, tropical landscaping, and a resort building.
 

What You’ll Find

  • Actual Sales Prices: learn exactly how much specific properties sold for
  • Sales Volume: see the strength of the market in terms of how many properties sold
  • Days on Market: understand how long it takes the average property to sell
  • List Price vs. Sold Price: see how the final sales price compares to the listing price
  • Price Per Square Foot: which is critical in calculating real estate values
  • Asset % Growth: what is the year over year appreciation of my property
  • Current Inventory: what is actively for sale and currently under contract
 
Before we dig into the numbers, make sure you subscribe to my blog if you want to be notified of future market reports as they come available.

Aina Nalu 2019 | Market Headlines

  • The numbers say it all, and what a run it’s been for Aina Nalu. In 2019 alone, there have been 21 total sales, and while 2-bedrooms generally dominate the landscape, there were 6 combined 1-bedroom & studio transactions so far this year.
  • Even through significant price increase, Aina Nalu has still been in drastic demand and on an upward trend.
    This year alone has had an average of 61 days on market (from actively listed to closing date), and the past 2 years have been very similar. Note: This is way below the historical average days on market for West Maui short term vacation rental properties.
  • Currently there are no actively listed units for sale and one under contract.

Aina Nalu Historical Sales Summary

Aina Nalu two-bedroom average list and sold prices fall through 2011, then rise to nearly $600,000 by 2020.
 
Bar chart of Aina Nalu two-bedroom units sold annually from 2006 to 2020, peaking at 20 in 2006 and 2007.
 
Aina Nalu two-bedroom sales table for 2014–2019, showing average prices, yearly growth, days on market, and sales counts.
 
Aina Nalu one-bedroom average list and sold prices, 2006–2020.
 
Aina Nalu one-bedroom sales table with prices and market statistics from 2014 to 2019.
 
Aina Nalu studio average list and sold prices from 2006 to 2020, shown as blue and red lines.
 
Aina Nalu studio unit sales table with prices and sales from 2014 to 2019.

Aina Nalu 2019 Comparative Market Analysis

Aina Nalu studio sales table: three units sold for $285,000 to $300,000, averaging $295,000.
 
One-bedroom Aina Nalu table with three Lahaina entries and average prices.
 
Table of eight two-bedroom Aina Nalu listings in Lahaina with prices and property details.
Table of Aina-Nalu Lahaina listings and average prices and days on market.
 

Work With Jeff

Have questions about the area(s) or the real estate market? From his work and life experience, Jeff has an expertise and love for Resort markets and Resort marketing. Get honest, professional assistance in determining current property value, differentiating available inventory, crafting a competitive offer, writing and negotiating & more. Feel free to contact him today.

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