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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.

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
2 Bedrooms
Year Avg List Price Avg Sold Price Yr Gr % to List DOM # Sold
2019 $552,200 $544,433 10% 99% 74 15
2018 $498,745 $494,864 20% 99% 64 11
2017 $424,250 $412,991 9% 97% 89 16
2016 $397,000 $380,071 2% 96% 104 14
2015 $393,957 $371,536 -1% 94% 233 14
2014 $390,125 $373,500 16% 96% 119 4

Aina Nalu
1 Bedrooms
Year Avg List Price Avg Sold Price Yr Gr % to List DOM # Sold
2019 $435,000 $428,667 14% 99% 24.5 3
2018 $380,000 $376,667 11% 99% 47 3
2017 $350,750 $338,500 4% 97% 115 4
2016 $349,900 $325,000 5% 93% 43 1
2015 $330,000 $309,000 9% 94% 152 4
2014 $306,750 $284,750 15% 93% 56 4

Aina Nalu
Studio Units
Year Avg List Price Avg Sold Price Yr Gr % to List DOM # Sold
2019 $295,000 $295,000 9% 100% 22 3
2018 $275,000 $270,000 10% 98% 25 1
2017 0
2016 0
2015 $254,000 $246,000 26% 97% 29 2
2014 0

Aina Nalu 2019 Comparative Market Analysis

MLS # District Bldg Nm Unit LT Bds Bths Liv-SF L Price Sold Price DOM
Studio
383693 Lahaina Aina-Nalu E101 FS 0 1 252 $285,000 $285,000 32
383362 Lahaina Aina-Nalu F201 FS 0 1 252 $300,000 $300,000 0
383364 Lahaina Aina-Nalu B105 FS 0 1 252 $300,000 $300,000 34
AVG $295,000 $295,000 22
1 Bedroom
383333 Lahaina Aina-Nalu J-105 FS 1 1 515 $450,000 $440,000 66
382662 Lahaina Aina-Nalu D205 FS 1 1 515 $445,000 $446,000 29
380984 Lahaina Aina-Nalu G-106 FS 1 1 515 $410,000 $400,000 20
AVG $435,000 $428,667 24.5
2 Bedroom
384009 Lahaina Aina-Nalu I-101 FS 2 2 846 $569,000 $559,000 108
384398 Lahaina Aina-Nalu B107 FS 2 2 846 $575,000 $560,000 80
385313 Lahaina Aina-Nalu D103 FS 2 2 832 $575,000 $575,000 79
383530 Lahaina Aina Nalu A201 FS 2 2 846 $575,000 $575,000 41
383367 Lahaina Aina Nalu C101 FS 2 2 846 $565,000 $570,000 50
383147 Lahaina Aina-Nalu K203 FS 2 2 832 $555,000 $552,500 31
383132 Lahaina Aina-Nalu C107 FS 2 2 846 $545,000 $545,000 40
381819 Lahaina Aina-Nalu H205 FS 2 1 772 $510,000 $495,000 102
381465 Lahaina Aina-Nalu C102 FS 2 2 846 $555,000 $540,000 99
381339 Lahaina Aina-Nalu C108 FS 2 2 832 $545,000 $535,000 92
381481 Lahaina Aina-Nalu J208 FS 2 2 832 $540,000 $540,000 75
381447 Lahaina Aina-Nalu J107 FS 2 2 832 $555,000 $535,000 65
381641 Lahaina Aina-Nalu D102 FS 2 2 846 $554,000 $540,000 51
380530 Lahaina Aina-Nalu J102 FS 2 2 846 $535,000 $525,000 70
379724 Lahaina Aina-Nalu J-203 FS 2 2 832 $530,000 $520,000 126
AVG $552,200 $544,433 74

Want to Know More?

If you are in the market for buying or selling Lahaina real estate or have any questions about the area or the market in general, please feel free to contact me. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.

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About the Author

Jeff Onderko

Jeff Onderko is a REALTOR Broker with Hawai'i Life. West Maui Real Estate Broker, and ultra enthusiastic advocate of Maui's Lahaina, Kaanapali and Kapalua areas. I truly believe it's an honor & privilege to call Hawaii home. For 17 years now, West Maui is where I live, work and play. My team and I specialize in resort market home and condominium sales striving to deliver the highest level of professional service possible. With $50M+ sold, a panache for extensive statistical research and 100+ published real estate articles since 2015. I'm relevant, information driven and responsive. I bring a passionate energy, an entrepreneurial understanding and a client-first approach to my real estate business. Prior to becoming a Realtor, I was an independent publisher, starting and operating Maui, Kauai and Hawaii Real Estate Weeklies, Maui Time Weekly (partner), and in 2005, I was a Mayors Small Business Award finalist. In 2009, after seeing the demand and living in an under serviced pet market, alongside my Mom, Susan we opened West Maui Pet Supply. I started my career after college as an account executive with Orlando Weekly ultimately becoming their Advertising Director. Then I moved on to Advertising Sales Manager at Orange County Weekly, in Southern California. I am native of Detroit, Michigan, but grew up in Florida splitting time between Miami, Orlando and Cocoa Beach, Fl. I was a scholarship soccer player at the University of Central Florida and graduated with a BA from their School of Communication. Always attracted to healthy lifestyle, adventure, great weather, water sports and the outdoors, I moved to Maui in the summer of 2002. When the Realtor hat comes off, I'm active in the community coaching U-14 Boys Soccer (AYSO - West Side Pride) and I still play in the West Maui open division. I'm involved along with other fellow Hawaii Life comrades volunteering regularly at the Ka Hale A Ke Ola Shelter in West Maui and I'm on the Board of the Hawaii Life Charitable Fund. Through the outlet of the WM Pet Supply, I was heavily involved with the Maui Humane Society & ASCPA getting animals adopted & spayed/neutered. When I have free time you'll find me surfing, golfing, at the gym, a regular at yoga class, hanging at home with my animals or working in the backyard on my organic micro-farm (aka: food garden). You can email me at JeffOnderko@HawaiiLife.com or via phone at (808) 280-4881.

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