Kauai Real Estate REOs & Foreclosures

6/13/08 Update: Puamana 26B is listed at $319,900.
Upcoming 1683 Elika Place, Kapaa. Custom home.

Recent changes in Kauai REO updates are:
#1. Sold on 5/30/08: Villas of Kamalii #35, Princeville for $665,000.
#2. Sold on 6/4/2008: 4243 Waiahi St, Hanamaulu for $369,900.
#3. Listed on 5/21/2008: 2469 Keneke St. 4/2 3080 sq.ft. living area, located across the Kilauea Gym. MLS#211611
#4. In escrow: Halelani Village 3/2 condo for $254,900.
#5. In escrow: Islander on the Beach, Unit #168, 0/1 condo for $200,000.

Not yet listed but available to see now:
#1. Puamana 26B in Princevile. 2/2 condo.
#2. 5261 Laipo Road, 3/1 home in Kapaa.

Photo of Laipo Road
#3. 4062M Blackstad Road, Koloa. 2 fixers on over an acre.

Upcoming:
#1. 1735 Mauna Ikena Road #A, Kapaa
#2. 148 Royal Drive, Wailua Homesteads.

Still available:
#1. MLS#207359 5309 Kualono St, Kapaa. 3/2 Reduced to $389,900.
#2. MLS#209739 Kauai Beach Villas #2304 0/1 Reduced to $269,900.

The Banks are pricing their REOs competitively to sell quickly. However most banks are still behind in selling their foreclosure inventory and I expect more REOs to be available as the year progresses. One way of estimating how many REOs will be coming on the market is by looking at the foreclosures posted by RealtyTrac (www.realtytrac.com). Although I have found this information to be useful it is not 100% accurate and does not encompass 100% of the foreclosures/upcoming REOs on Kauai. For more information on any of the REOs listed here or general questions, feel free to email or contact me. Aloha, Julie julie@hisemail.net

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