Kauai Real Estate REOs & Foreclosures

New Listings:

#1. Paniolo #103 Princeville Condo. 1 bedroom 2 bath condo. Price at $260,000. This is a Freddie Mac REO MLS#221121
#2. 5773A Kuamoo Road, Wailua Homesteads. 2 bedroom 1.5 bath home for $225,000. See previous blog for pictures. MLS#221077.

Price Changes:
#1. Emmalani Court #412, Princeville.2 bedroom 2 bath condo in Princeville reduced to $475,000. MLS#219933. Owned by Fannie Mae.
#2. Kamahana #4, Princeville. 2/2 condo reduced to $349,900 MLS 220199 Owned by Countrywide.
#3. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $539,900. MLS#215869
#4. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226

This week’s REO update is dominated by Princeville condos. Where some residential REOs are a great opportunity for first time home buyers and other home seekers, condos tend to attract investment and second home buyers. These buyers are harder to come by these days with the current state of the national economy. Previous inflated condo prices are now having to be really competitive to sell. Along with lower prices other good news is that some lenders such as Fannie Mae are offering special financing deals are their REOs. Email me at julie@hisemail.net or call me on my cell at 808 652-6174 if you have any questions. You can also go to my web site at www.kauaidreams.com and plug in any MLS number to get more information and photos.

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