The Gardens Upcountry market snapshot - what sold and what's for sale
There's been a lot of sales activity recently at this development at 71 Makawao Avenue. 3 sales in the past 2 months alone, and another one Pending. Not bad for a small complex of only 20 apartments. (Previous to these 3 sales the last one was 3 years ago, when unit 16 sold for $398,000.)
- Unit 15 sold for $410,000 on 6/9/16
- Unit 2 sold for $440,000 on 7/13/16
- Unit 11 sold for $478,750 on 7/18/16
- average sale price = $442,916, median sale price = $440,000
- NONE were short sales or REOs
- 1 sale used conventional financing, 2 sales were all cash
What's for sale now in here? There's only 1 more unit, Unit 8 is listed at $450,000 and has been under contract for about a month and a half. All of a sudden everyone wants to own a unit at The Gardens Upcountry!
What a change from 8-10 years ago when the sale prices were in the $600,000's.
These units are all 2BD/2-2.5BA with different floor plans, and with at least 1,400 square feet. The buildings were built in 1999-2000 and have lovely views looking down towards the central valley. Owners enjoy the high ceilings, the butcher block counters in the kitchens and having a small yard.
Thanks for reading my Maui blog...
Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635