13 Beautiful Reasons why I love Hanalei Bay in Hanalei Kauai Hawaii
A Picture Story (after all -one picture is worth 1000 words….)
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) + short sale update for the week of Jul 18th to 24th
Aloha,
The weather has been stellar, the winds warm with beautiful blue skies and white puffy clouds, but the real estate – not quite so good. Here were are almost into August and it’s pretty quiet in most parts of town. Now, don’t get me wrong – the buys out there are nothing short of phenomenal and interest rates are spectacular (however actually qualifying for one of those loans is another matter entirely) so I’m not quite sure why buyers are still sitting on the sidelines. The quality of life here is certainly something to write home about but perhaps the general economy, the Gulf oil spill and just about everything else is keeping people’s money in their pockets.
There were four sales this week, three of which were bank owned properties. Take a look at this week’s update:
Copyright 7/25/2010 by Hawaii Information Service
NEW LISTINGS
237228 CND AT CPR A 1 4-5-3-11-1-30 FS $579,000 Villas On The Prince #30 1,732 #30 3/3.00
237043 CND AT CPR A 4 4-5-4-5-16-53 FS $475,000 Alii Kai At Hanalei #7102 886 #7102 2/2.00
235576 CND AT CPR A 5 4-5-4-5-7-47 FS $525,000 Princeville Sealodge #E9 566 #E9 1/1.00
237167 CND DT CPR A 3 4-5-4-12-3-1 FS $614,900 Hanalei Bay Villas #1 1,244 #1 2/2.01
237124 CND AT CPR A 4 4-5-4-6-1-25 FS $699,000 Villas Of Kamalii #25 1,825 #25 3/3.00
237022 CND AT CPR U 0 4-5-4-12-11-20 FS $1,875,000 Puu Poa #206 1,654 #206 2/2.00
CONTINGENT SALES
236584 CND AT CPR C 19 4-5-4-5-23-21 FS $377,000 Plantation At Princeville #611 1,153 #611 2/2.00
SALES
230827 CND CPR S 95 4-5-4-5-27-3 FS $194,900 Hale Honu #2A 866 #2A 2/1.00
SOLD 7/23/2010 for $204,000 (CNV) DOM 95
232789 CND AT CPR S 5 4-5-4-5-18-68 FS $229,999 Puamana #19B 1,532 #19B 2/2.00
SOLD 7/23/2010 for $245,000 (CNV) DOM 5
234220 CND AT CPR S 17 4-5-4-5-18-71 FS $359,000 Puamana #20A 1,532 #20A 2/2.00
SOLD 7/19/2010 for $315,000 (CASH) DOM 17
234870 CND AT CPR S 11 4-5-4-11-3-29 FS $480,000 Hanalei Bay Resort #H23 1,324 #5207-8 2/2.00
SOLD 7/19/2010 for $483,280 (CNV) DOM 11
UNDER CONTRACT
237022 CND AT CPR U 0 4-5-4-12-11-20 FS $1,875,000 Puu Poa #206 1,654 #206 2/2.00
EXPIRED
225956 CND CPR X 313 4-5-4-5-24-56 FS $495,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.01
PRICE CHANGES
235162 CND AT CPR A 64 4-5-3-6-22-25 FS $1,099,000- Kaiulani Of Princeville #25 2,864 #25 3/3.01
227872 CND AT CPR A 300 4-5-4-5-24-16 FS $498,000- Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
236084 CND AT CPR A 32 4-5-4-5-12-20 FS $499,000- Sealodge Ii #H2 567 #H2 1/1.00
236696 CND AT CPR A 18 4-5-4-5-24-15 FS $529,000- Nihilani At Princeville Resort #5C 1,986 #5C 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The first new listing is anything but – Villas on the Prince 30 – which sold for $565K in 3/04, has been listed 7 times before by 6 different agents, going as high as $1.095M back in 5/06. It has generally trailed the market in the past but takes a leap to the head of the class this week with a new short sale price of $579K. This listing already has an offer under consideration by the bank and is looking for backups. Ali’i Kai 7102 was also previously listed, first from 11/05 to 10/06 starting at $975K and dropping to $885K and again from 10/06 to 10/08 starting at $885K and reducing to $789,500. Purchased in 5/05 for $652K, this Ali’i Kai comes back listed at $475K and does not appear to be a short sale. Sealodge E9 sold for $285K in 12/00 and is making its first appearance on the MLS since that time priced at $525K.
Hanalei Bay Villas 1 is a bank REO priced at $614,900 that was previously listed from 2/09 to 8/09 at $865K, increasing to $899K during the life of the listing. This unit sold for $700K in 6/05 and returned to the bank in 4/10. Villas of Kamali’i 25 is back priced at $699K. It was listed from 3/09 to 4/10 starting at $759K and reducing to $699K when it was withdrawn from the market. This unit sold for $625K in 3/04 and is not a short sale. Pu’u Po’a 206, purchased for $340K in 6/99 was listed from 7/08 to 3/09 priced at $1.875M and returns to the market showing as under contract while listed at that same price.
The short sale Plantation 611, priced at a very low $377K went into escrow this week. This unit sold for $630K in 10/06 and was only on the market for (no surprise) 18 days.
There were 4 sales this week, three of which were bank REO’s. Hale Honu 2A was priced at $194,900 and sold for $204K. This unit sold for in $155K in 5/02 but was foreclosed on by the bank in 10/09. Puamana 19B, also a foreclosure, was priced at $229,999 and closed at $245K. Hanalei Bay Resort 5207/08 is the last REO and was priced at $480K closing at $483,280.
These three sales are a good example of what TO DO when buying a well priced property. All too often, buyers shoot themselves in the foot by offering a low ball offer on a property that is already very well priced. If your agent tells you that the property is a bank REO or a short sale that is ahead of the market, you will often need to offer asking or over asking to obtain the property. Yes, there are plenty of overpriced properties out there that can be negotiated down, but you have to know the difference – which is what your agent is probably trying to tell you. The final sale is Puamana 20A, purchased for $170K in 9/01, priced at $359K and closing for $315K.
As noted under new listings, Pu’u Po’a 206 came onto the market with a buyer while listed at $1.875M. Nihilani 19B, a short sale purchased for $669,500 in 9/06 expired while listed for $495K.
Ka’iulani 25 reduced in price this week form $1.195M to $1.099M and is still not a short sale even though it sold for $1,621,790 in 10/07. Nihilani 6A, which is a short sale reduced from $520K to $498K, having sold for $770,080 in 2/07. Sealodge H2, which sold for $128K in 7/98 reduced from $515K to $499K while Nihilani 5C, a short sale purchased for $969,582 in 2/07 went from $549K to $529K in an effort to find a buyer. Now on to your Princeville home update:
Copyright 7/25/2010 by Hawaii Information Service
NEW LISTINGS
237229 RES DT FL A 1 4-5-4-20-31 FS $549,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3.00
236829 RES DT FL A 2 4-5-4-21-11 FS $895,000 3856 Kaweonui Rd 10,796 sqft 2,442 #0 3/2.01
237216 RES DT FL A 2 4-5-4-16-86 FS $1,290,000 4114 Nalani Ln 12,012 sqft 2,896 3/4.00
237173 RES DT FL A 2 4-5-4-13-29 FS $3,900,000 3565 Kaweonui Rd 13,089 sqft 2,614 4/4.01
SALES
234016 RES FL S 60 4-5-4-20-26 FS $849,000 5145 Iolani Pl 10,995 sqft 2,704 3/3.00
SOLD 7/21/2010 for $835,000 (CASH) DOM 60
228923 RES FL S 158 4-5-4-9-42 FS $1,095,000 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.01
SOLD 7/21/2010 for $1,000,000 (CASH) DOM 158
WITHDRAWN
233410 RES DT FL W 85 4-5-4-17-14 FS $1,850,000 4825 Emmalani Dr 12,290 sqft 3,313 4/3.01
PRICE CHANGES
234801 RES DT FL A 73 4-5-4-18-33 FS $649,000- 4225 Kina’u Pl 9,838 sqft 2,620 #0 3/2.01
232759 RES DT FL A 139 4-5-4-10-28 FS $689,000- 5230 Honoiki Rd 10,189 sqft 1,688 3/2.01
236797 RES DT FL A 15 4-5-4-16-77 FS $695,000- 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.01
234784 RES DT FL A 69 4-5-4-16-43 FS $1,150,000- 4466 Emmalani Dr 10,683 sqft 2,555 #0 3/2.01
226733 RES DT FL A 345 4-5-4-18-10 FS $2,750,000- 4184 Mahina Pl 12,200 sqft 3,927 3/3.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Of the new listings this week, the home on Kapiolani for $549K has been listed 5 times before for as high as $1.080M back in 4/08 and is now on the market as a short sale (again) for $549K. 3856 Kaweonui has been on the market before listed at $1.3975M in 9/08 and was withdrawn from the market listed at $1.175M in 5/09. This house has a pool and is back as a new listing at $895K.
If you have any questions about these or any other properties, please let me know. Get the facts on short sales, foreclosures or any “regularly priced” properties before you buy or sell.
As I mentioned in the beginning of this update, the weather has been supreme so yesterday we took some time to lie out in the hammock after hiking down to the bluff to the water here at the Cliffs where we saw several turtles. See the view below!
Aloha Elaine
Turtles at the Cliffs – taken by my step daugher Abby. Check out her website http://www.phoenixcreationgallery.com/default.html for her other photos and jewelry.
View of the palm tree from the hammock
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) + short sale update for Jul 11th to 17th
Aloha,
I don’t know how many of you were on Island and saw that the space station was readily visible over the weekend – I managed to see it precisely at 8:27 PM on Friday as was predicted. It’s supposed to be visible again Sunday night at 7:44PM in a N to NW direction. It’s alternating between sun and rain today so it’s a still questionable as to if I’ll be able to see it tonight.
Although short sales continue to be a large part of the market, only one went into escrow this week and of the units that came onto the market, only one was in pre-foreclosure status. Here is your update for this past week:
Copyright 7/18/2010 by Hawaii Information Service
NEW LISTINGS
234084 CND AT CPR A 2 4-5-3-6-22-5 FS $1,795,000 Kaiulani Of Princeville #5 2,843 #5 3/3.01
236890 CND AT CPR A 5 4-5-4-5-13-3 FS $295,000 Kamahana #3 1,240 #3 2/2.00
236790 CND AT CPR A 2 4-5-4-5-18-33 FS $299,999 Puamana #9B 1,298 #9B 2/2.00
236669 CND AT CPR A 2 4-5-4-5-4-9 FS $350,000 Princeville Mauna Kai #9A 1,503 #9A 2/2.00
236722 CND DT CPR A 6 4-5-4-12-3-26 FS $599,000 Hanalei Bay Villas #26 1,244 #26 2/2.01
226466 CND AT CPR A 2 4-5-4-5-16-36 FS $695,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2.00
227937 CND AT CPR A 2 4-5-4-5-16-51 FS $725,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2.00
228874 CND AT CPR A 2 4-5-4-5-16-24 FS $820,000 Alii Kai At Hanalei #3204 1,085 #3204 2/2.00
BACK ON THE MARKET
232647 CND AT CPR A 134 4-5-3-6-22-64 FS $849,000 Kaiulani Of Princeville #64 1,892 #64 2/2.01
232389 CND AT CPR A 124 4-5-4-5-3-7 FS $198,000 Princeville Paniolo #107 1,058 #107 1/2.00
216338 CND CPR A 294 4-5-4-5-3-13 FS $385,000 Princeville Paniolo #113 1,058 #113 1/2.00
230300 CND AT CPR A 212 4-5-4-5-16-35 FS $725,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2.00
CONTINGENT SALES
232853 CND AT CPR C 129 4-5-4-15-21-8 FS $245,000 Sandpiper Village I #108 1,042 #108 2/2.00
231629 CND AT CPR C 170 4-5-4-5-4-12 FS $350,000 Princeville Mauna Kai #2B 2,100 #2B 3/3.03
WITHDRAWN
229452 CND AT CPR W 240 4-5-3-11-1-30 FS $599,000 Villas On The Prince #30 1,732 #30 3/3.00
233815 CND CPR W 89 4-5-4-5-39-149 FS $990,000 Cliffs At Princeville #6301 1,186 #6301 2/2.00
PRICE CHANGES
232326 CND AT CPR A 140 4-5-3-6-22-74 FS $849,000- Kaiulani Of Princeville #74 1,892 #74 2/2.01
225686 CND AT CPR A 361 4-5-4-5-16-57 FS $440,000- Alii Kai At Hanalei #7202 886 #7202 2/2.00
236696 CND AT CPR A 11 4-5-4-5-24-15 FS $598,000- Nihilani At Princeville Resort #5C 1,986 #5C 3/3.00
226466 CND AT CPR A 2 4-5-4-5-16-36 FS $695,000+ Alii Kai At Hanalei #4304 1,086 #4304 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ka’iulani 5, which sold for $1,765,990 in 4/08, is new to the market priced at $1.795M. Obviously these sellers are hoping to cover their investment and cost of the sale. Kamahana 3 is back at a new low price of $295K. Purchased in 4/99 for $180,500 this unit was previously listed from 1/09 to 12/09, starting at $442K and reducing to $390K when it came off the market. Puamana 9B is new to the market at $299,999 having sold for $365K in 9/04. Mauna Kai 9A, now priced at $350K and purchased for $492K in 8/05, was first listed from 12/05 to 8/06 for $645K, again from 3/07 to 9/07 starting at $675K and reducing to $650K and finally from 10/07 to 4/08, at which time it came on the market at $629K and reduced to $579K. Quite a drop in price with this newest listing!
Hanalei Bay Villas 26 was previously listed from 2/09 to 8/09 for $865K dropping to $799K before it expired. Purchased in 5/07 for $860K, this pre-foreclosure (but not a short sale) is now listed at a very attractive $599K. Hanalei Bay Villas are one of only two condo complexes in Princeville that are free standing – like little houses. They do not have a garage but do have assigned parking and are within walking distance of the St. Regis Princeville Resort and other amenities.
The last three listing were currently active on the MLS when the list agent changed brokerage affiliation so they appear as “new” because of this change. This includes Ali’i Kai 4303, which has been listed since 8/09, 6103, which was listed on 9/09 and 3204 which came on the market in 11/09.
Ka’iulani 64, purchased for $861,070 in 3/08 is back on the market priced at $849K. This unit initially came on the market in 3/10 priced at $949K. Paniolo 107 which sold for $475K in 9/05 had gone into escrow on 6/30 and is unfortunately returning to the market as a short sale listed for $198K. Paniolo 113 is also returning after expiring while priced at $385K. This unit sold for $115K in 6/00 as leasehold with the fee purchased for $31,500 in the same month. Ali’i Kai 4303 expired and is back on the market priced at $725K. This unit sold for $490K in 12/03 and started out at $795K in 12/09.
Sandpiper 108, a short sale which sold for $485K in 6/05, went into escrow priced at $245K while Mauna Kai 2B once again went back into escrow. Listed at $350K, this extensively remodeled unit sold for $240K in 4/01 and had gone into escrow briefly on 6/29, coming back onto the market on 7/4. Hopefully it will stay in escrow this time.
Villas on the Prince 30, which sold for $565K in 3/04 was withdrawn from the market as a short sale priced at $599K. Cliffs 6301 was priced at $990K when it was withdrawn this week. Cliffs sold for $330K in 5/01.
As for price changes – all were down with one up – Ka’iulani 74 went from $879K to $849K and sold for $898,250 in 4/07. Agent owned Ali’i Kai 7202 which sold for $115K in 1/88 reduced from $465K to $440K while agent owned Nihilani 5C, which sold for $969,582 in 2/07, went from $649K to $598K. Our one increase was Ali’i Kai 4303 which increased to $695K from $690K and last sold for $541,500 in 2/04.
Now on to your Princeville home update:
Copyright 7/18/2010 by Hawaii Information Service
NEW LISTINGS
236922 RES DT FL A 2 4-5-4-23-70 FS $625,000 3788 Mapuana Pl 7,022 sqft 1,270 #0 3/2.00
236524 RES DT FL A 5 4-5-4-8-19 FS $885,000 5056 Kamamalu Loop 11,472 sqft 1,907 #0 3/2.00
WITHDRAWN
210722 RES DT FL W 804 4-5-4-18-7 FS $779,000 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
229892 RES DT FL W 217 4-5-4-13-26 FS $799,000 3587 Kaweonui Rd 10,401 sqft 2,426 4/2.01
229479 RES FL W 221 4-5-4-20-31 FS $799,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3.00
TEMPORARILY WITHDRAWN
233410 RES DT FL T 85 4-5-4-17-14 FS $1,850,000 4825 Emmalani Dr 12,290 sqft 3,313 4/3.01
PRICE CHANGES
234352 RES DT FL A 82 4-5-4-15-12 FS $477,900- 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
227655 RES DT FL A 292 4-5-4-16-68 FS $1,145,000- 4401 Emmalani Dr 12,937 sqft 2,137 3/2.00
192009 RES DT FL A 1238 4-5-4-10-27 FS $1,199,000- 5222 Honoiki Rd 10,174 sqft 2,860 3/4.00
230521 RES DT FL A 203 4-5-4-13-74 FS $2,150,000- 3651 Albert Rd 10,838 sqft 3,218 3/3.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here are the Princeville condos showing as short sales or foreclosures:
Copyright 7/18/2010 by Hawaii Information Service
MLS DATA
MLS # Tp Sub Own St DOM Taxkey Tnr Price Location Land area Details
232389 CND AT CPR A 124 4-5-4-5-3-7 FS $198,000 Princeville Paniolo #107 1,058 #107 1/2.00
234169 CND AT CPR A 86 4-5-4-5-39-33 FS $215,000 Cliffs At Princeville #2103 917 #2103 1/2.00
234283 CND CPR A 76 4-5-4-5-18-1 FS $310,000 Puamana #1A 1,312 #1A 2/2.00
229552 CND AT CPR A 209 4-5-4-5-12-27 FS $499,000 Sealodge Ii #H9 567 #H9 1/1.00
227872 CND AT CPR A 293 4-5-4-5-24-16 FS $520,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
236696 CND AT CPR A 11 4-5-4-5-24-15 FS $598,000 Nihilani At Princeville Resort #5C 1,986 #5C 3/3.00
235501 CND AT,DT CPR A 47 4-5-4-12-3-8 FS $646,900 Hanalei Bay Villas #8 1,244 #8 2/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here are the Princeville homes short sales / foreclosures:
Copyright 7/18/2010 by Hawaii Information Service
MLS DATA
MLS # Tp Sub Own St DOM Taxkey Tnr Price Location Land area Details
234352 RES DT FL A 82 4-5-4-15-12 FS $477,900 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
229218 RES DT FL A 243 4-5-4-24-11 FS $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
236797 RES DT FL A 8 4-5-4-16-77 FS $750,000 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
If you have any questions about these or any other properties, or would like information on any short sales throughout the Island, please call or email – that’s why I’m here. Get the facts before you buy or sell.
Aloha Elaine
Sunset clouds at the stable!
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Click here to see all my listings
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
June 2010 Kauai Hawaii Market Statistics
Aloha,
We have yet another increase this month over June of 09 with 43 sales in 09 compared to 72 for June 10 which represents a 67% increase. Year to date for 09 we were at 213 sales with 344 showing for year to date 10. This is another healthy 61% increase. It would be my guess that many of these sales are short sales and foreclosures as they are at such favorable pricing these days it’s hard to pass them by.
Of the 72 sales in June, 38 were single family homes, 9 land, 1 commercial and 24 were condos. Of the condos, 9 were sold in the Kawaihau zone with 7 selling in the Hanalei zone. There were 5 condo sales in Lihue area with 3 in Koloa zone.
Here are the condos sold in the Kawaihau Zone:
Copyright 7/12/2010 by Hawaii Information Service
Location Sold Date Price Sold Price
Islander On The Beach #240 6/30/2010 $89,000 $89,000
Plantation Hale #A3 6/22/2010 $169,000 $147,000
Islander On The Beach #331 6/14/2010 $168,000 $150,000
Islander On The Beach #123 6/24/2010 $165,000 $154,000
Islander On The Beach #131 6/2/2010 $158,000 $158,000
Islander On The Beach #132 6/25/2010 $165,000 $160,000
Islander On The Beach #223 6/16/2010 $170,000 $162,000
Plantation Hale #F15 6/17/2010 $189,000 $175,000
Pono Kai #C102 6/24/2010 $350,000 $325,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
These are the condos sold in the Hanalei Zone:
Copyright 7/12/2010 by Hawaii Information Service
Location Sold Date Price Sold Price
Cliffs At Princeville #1206 6/15/2010 $259,000 $250,000
Alii Kai At Hanalei #2101 6/17/2010 $359,000 $325,000
Nihilani At Princeville Resort #16A 6/10/2010 $399,000 $346,000
Plantation At Princeville #1421 6/28/2010 $449,000 $400,000
Alii Kai At Hanalei #6102 6/8/2010 $448,900 $448,900
Alii Kai At Hanalei #4301 6/16/2010 $599,000 $600,000
Villas Of Kamalii #29 6/18/2010 $749,000 $735,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
In June 08 there were 65 sales, with 85 in June 07, 133 in June 06 and an amazing 170 sales in the month of June 05. Oh for the good old days! The year to date high over the last six year was seen in June 06 with 974 transactions.
Sales volume was only up marginally, showing a .47% increase with $34,862,950 in sales in June 09 compared to $34,662,400 for June 10. Clearly prices are down! Year to date we have $142M for 09 compared to $180M for year to date June 10 for a 26% increase. Our high month for sales volume looking at the last 6 years was June 05 with $119M in sales. This is head and shoulders ahead of June 06 with $81M in sales, $75M in June 07, and $53M in June 08. High year to date, however, was year to date June 06 with $639M in sales!
Median price is up for June 10 showing at $507,500 for single family homes compared to $440,000 in June 09. Condos fell, going from $367,500 in June 09 to $292,000 for June 10. Year to date for single family homes is down 1.15% going from $479,000 year to date 09 compared to $473,500 year to date 10. Condos are 15.41% down with a decrease from $312,500 for year to date 09 to $264,350 for year to date June 10. High year to date for condos was 08 with a median price of $599,500.
That’s your overview for the June 2010 statistics. If you’d like to see the full report, just go to my website, www.kauairealestatenow.com and click on monthly stats or click here to go directly. There you’ll find the full report for each month.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Click here to see all my listings
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville Kauai condo (and house) update for the week of Jul 4th to 10th
Aloha,
It’s been another somewhat quiet week – although a very beautiful sunny one. Short sales and REO’s continue to dominate the market with two new condo short sales coming on the market and two going into escrow this week. Here is your update:
Copyright 7/10/2010 by Hawaii Information Service
NEW LISTINGS
236584 CND AT CPR A 4 4-5-4-5-23-21 FS $377,000 Plantation At Princeville #611 1,153 #611 2/2.00
236696 CND AT CPR A 3 4-5-4-5-24-15 FS $649,000 Nihilani At Princeville Resort #5C 1,986 #5C 3/3.00
236681 CND AT CPR A 3 4-5-4-5-39-175 FS $995,000 Cliffs At Princeville #8201 963 #8201 1/2.00
BACK ON THE MARKET
231629 CND AT CPR A 162 4-5-4-5-4-12 FS $350,000 Princeville Mauna Kai #2B 2,100 #2B 3/3.03
CONTINGENT SALES
224335 CND AT CPR C 406 4-5-4-15-21-11 FS $220,000 Sandpiper Village I #111 1,042 #111 2/2.00
227584 CND AT CPR C 295 4-5-4-15-21-28 FS $270,000 Sandpiper Village I #128 1,042 #128 2/2.00
PRICE CHANGES
230737 CND AT CPR A 184 4-5-3-11-1-9 FS $799,000- Villas On The Prince #9 1,737 #9 3/3.00
232647 CND AT CPR A 126 4-5-3-6-22-64 FS $849,000- Kaiulani Of Princeville #64 1,892 #64 2/2.01
231629 CND AT CPR A 162 4-5-4-5-4-12 FS $350,000- Princeville Mauna Kai #2B 2,100 #2B 3/3.03
210873 CND AT CPR A 740 4-5-4-5-16-52 FS $409,000- Alii Kai At Hanalei #7101 886 #7101 2/2.00
235501 CND AT,DT CPR A 39 4-5-4-12-3-8 FS $646,900- Hanalei Bay Villas #8 1,244 #8 2/2.01
227584 CND AT CPR C 295 4-5-4-15-21-28 FS $270,000- Sandpiper Village I #128 1,042 #128 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Both Plantation 611 and Nihilani 5C are new short sale listing this week, although Plantation was previously listed from 2/09 to 9/09 starting at $559K and reducing to $505K. Plantation 611, currently listed for a new low of $377K was purchased for $630K in 10/16. Nihilani 5C, an agent owned unit priced at $646K, sold for $969,582 in 2/07 and has most every upgrade that was available from the developer. Cliffs 8201 returns to the market having been previously listed from 6/08 to 6/10 for the same price it is now, which is $995K. Cliffs 8201, sold for an unprecedented $1.075M in 4/06. I would have to agree that it is one of the best locations in the complex but still — that was a lot of money even back then.
Mauna Kai 2B, which showed as going into escrow on last week’s update is, unfortunately, back on the market at a new low price of $350K down from $390K. Purchased in 4/01 for $240K, 2B was partially upgraded at that time with 1498 sqft of living space. It has since been renovated by the current owner with an upstairs added increasing the square footage to 1800 along with 300 sqft of storage space. This was apparently done in 2005 with all permits in place. What it will take to sell this unit is anyone’s guess but the price sure is getting down there.
Two Sandpiper short sales went into escrow this week: units 111 and 128. 111 sold for $215K in 2/03 and was priced at $220K when it found a buyer. Unit 128 was purchased for $490K in 6/05 and had just reduced from $290K to $270K when it went into escrow.
The only other news this week are the price changes; starting with Villas on the Prince 9 which went from $814K to $799K and sold for $570K in 10/03. Ka’iulani 64 sold for $861,070 in 3/08 and reduced this week from $879K to $849K. As mentioned under “back on the market,” Mauna Kai 2B reduced from $390K to $350K. Ali’i Kai 7101 went from $429K to $409K as a short sale, having sold for $625K in 4/07. Hanalei Bay Villa 8, a bank REO purchased for $730K in 6/05 reduced from $659,900 to $646,900. Sandpiper 128, as noted under the “contingent sales” portion of this update went from $290K to $270K.
Now on to your Princeville home update where you’ll see a new short sale listing:
Copyright 7/10/2010 by Hawaii Information Service
NEW LISTINGS
236797 RES DT FL A 0 4-5-4-16-77 FS $750,000 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.01
SALES
229419 RES DT FL S 177 4-5-4-23-55 FS $589,000 3781 Milimakani Pl 7,187 sqft 1,295 3/2.00
SOLD 7/8/2010 for $550,000 (CNV) DOM 177
PRICE CHANGES
210765 RES DT FL A 795 4-5-4-23-24 FS $585,000- 3807 Makani Kai Pl 10,386 sqft 1,535 3/2.00
232759 RES DT FL A 124 4-5-4-10-28 FS $699,000- 5230 Honoiki Rd 10,189 sqft 1,688 3/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Although 4117 Kekualike shows as a new agent owned short sale listing for $750K, it was previously listed from 12/08 to 4/10, starting at $998K and reducing, at one point, to $699K before it went back up to $775K which was the list price when it was withdrawn.
3781 MiliMakani which closed this week at $550K was completely remodeled and beautifully appointed. While the MiliMakani home noted under “price changes” at 3807 Makani Kai Place has a bit more square footage and a much large lot, even with the reduction from $599K to $588K it still appears to be trailing the market. This home, which is in immaculate condition, has been almost continuously marketed since 05, first coming on the market in 11/05 priced at $1.050M and dropping to $929K during the life of the listing. It was withdrawn on 3/07, coming back on the market in 5/07 to 2/08 priced at $888K at which time it was again withdrawn. This current listing came on the market in 5/08 priced at $850K and has very slowly worked it way down in price.
As for 52230 Honiki, this home sold for $494K in 3/03 and first returned to the market shortly thereafter in 9/03 at $799K reducing to $769K when it was taken off the market in 10/03. It returned to the market in 2/04 to 8/04 for $799K and was listed again from 8/06 to 10/08 starting at $935K and reducing to $859K during the life of the listing. The current listing started in 3/10 priced at $799K.
Here are the Princeville condos currently showing as short sales or foreclosures. Please keep in mind that our MLS is ungoing yet another revision to bring back some of the formats of old — I won’t go into great detail but suffice to say that the last major overhaul only made searching for properties very difficult.
Copyright 7/11/2010 by Hawaii Information Service
229452 CND AT CPR A 236 4-5-3-11-1-30 FS $599,000 Villas On The Prince #30 1,732 #30 3/3.00
234169 CND AT CPR A 79 4-5-4-5-39-33 FS $215,000 Cliffs At Princeville #2103 917 #2103 1/2.00
234283 CND CPR A 69 4-5-4-5-18-1 FS $310,000 Puamana #1A 1,312 #1A 2/2.00
229552 CND AT CPR A 202 4-5-4-5-12-27 FS $499,000 Sealodge Ii #H9 567 #H9 1/1.00
227872 CND AT CPR A 286 4-5-4-5-24-16 FS $520,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
236696 CND AT CPR A 4 4-5-4-5-24-15 FS $649,000 Nihilani At Princeville Resort #5C 1,986 #5C 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
And here are the houses showing as short sales or foreclosures:
Copyright 7/11/2010 by Hawaii Information Service
229218 RES DT FL A 236 4-5-4-24-11 FS $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
236797 RES DT FL A 1 4-5-4-16-77 FS $750,000 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.01
210722 RES DT FL A 802 4-5-4-18-7 FS $779,000 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Any questions, just call. A new MLS rule went into effect 7-1-10 that required all short sales to change status from available to contingent (in escrow) upon acceptance of an offer BY THE SELLER. Previously, many agents kept the property ‘active’ until the bank accepted. Give me a call if you need further explanation on this or any other aspect of the short sale or foreclosure process.
Aloha Elaine
PS Check out this picture closely. Look at the horse’s mouth. He’s appropriately name “Punkin.” Either he’s heard about the real estate market too or he really isn’t up for a riding lesson with my hubby Jack.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Click here to see all my listings
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
Princeville Kauai Hawaii condo (and house) update for the week of Jun 27th to Jul 3rd
Aloha,
Happy Fourth of July! I hope all of you are enjoying the same magnificent weather as we are here on Kauai. We enjoyed the fireworks at PMRF last night and tonight you can see even more at the Vidinha Stadium where the Kauai Hospice presents their annual fundraiser, “Concert in the Sky.” It’s a fun filled day with live music, crafts, games, food and of course, culminating in a fantastic fireworks display.
There are no new listings this past week but we did have 5 properties come back on the market for one reason or another while 4 others went into escrow. Take a look at your update:
Copyright 7/4/2010 by Hawaii Information Service
BACK ON THE MARKET
224335 RES CD CF A 400 4-5-4-15-21-11 $220,000 Sandpiper Village I #111 1,042 #111 2/2.00
227584 RES LR CF A 133 4-5-4-15-21-28 $290,000 Sandpiper Village I #128 1,042 #128 2/2.00
210873 RES LR,SA CF A 734 4-5-4-5-16-52 $429,000 Alii Kai At Hanalei #7101 886 #7101 2/2.00
225686 RES LR CF A 347 4-5-4-5-16-57 $465,000 Alii Kai At Hanalei #7202 886 #7202 2/2.00
227872 RES GA,HR,LR,MR,PH CF A 279 4-5-4-5-24-16 $520,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
CONTINGENT SALES
232389 RES GA CF C 125 4-5-4-5-3-7 $198,000 Princeville Paniolo #107 1,058 #107 1/2.00
236265 RES GA,HR,LR,MR,PH CF C 10 4-5-4-15-21-23 $250,000 Sandpiper Village I #123 1,042 #123 2/2.00
231596 RES LR,SA CF C 151 4-5-4-12-2-35 $300,000 Hale Moi #215 1,033 #215 1/2.00
231629 RES LR CF C 156 4-5-4-5-4-12 $425,000 Princeville Mauna Kai #2B 2,100 #2B 3/3.03
SALES
228374 RES CD CF S 201 4-5-4-5-23-55 $449,000 Plantation At Princeville #1421 1,318 #1421 3/3.00
SOLD 6/28/2010 for $400,000 (1031) DOM 201
WITHDRAWN
229381 RES CD CF W 59 4-5-4-5-24-94 $425,000 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.01
225402 RES CD CF W 354 4-5-4-5-17-14 $497,000 Alii Kai Ii Hanalei #9F 1,037 #9F 2/2.00
231471 RES CD CF W 149 4-5-4-6-1-4 $895,000 Villas Of Kamalii #4 1,766 #4 3/3.00
PRICE CHANGES
235162 RES LR,SA CF A 43 4-5-3-6-22-25 $1,195,000- Kaiulani Of Princeville #25 2,864 #25 3/3.01
234523 RES OT,SA CF A 62 4-5-4-11-3-84 $325,000- Hanalei Bay Resort #N22 867 #N22 1/2.00
210873 RES LR,SA CF A 734 4-5-4-5-16-52 $429,000- Alii Kai At Hanalei #7101 886 #7101 2/2.00
234637 RES LR CF A 60 4-5-4-5-24-21 $509,000- Nihilani At Princeville Resort #7C 1,972 #7C 3/3.00
233729 RES OT,SA CF A 89 4-5-4-6-1-33 $849,000- Villas Of Kamalii #33 1,825 #33 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Sandpiper 111 and 128 are both back on the market – 111, which sold for $215K in 2/03, had expired while 128 showed as a contingent short sale on 5/5 but apparently fell out of escrow. This unit sold for $490K in 6/05. Ali’i Kai 7101 and 7202 are also both back on the market. Much like the Sandpiper units, 7101 was a short sale which went into escrow on 2/17 while 7202 had expired. 7101, which reduced from $529K to $429K as it came back on the market, sold for $625K in 4/07 with 7202 selling for $115K in 1/88. Nihilani 6A follows the pattern of Sandpiper and Ali’i Kai, returning to the market after showing as a contingent short sale as of 5/16. This unit was purchased for $770,080 in 2/07.
Three other short sales (and one “regular” sale) went into escrow this week starting with Paniolo 107 priced at $198K. This condo sold for $475K in 9/05. Sandpiper 123, which sold for $359K in 8/04, went into escrow as a short sale while listed at $250K. Hale Moi 215 a short sale purchased for $425K in 8/04 went into escrow with a list price of $300K while Mauna Kai 2B listed at $425K went into escrow as the only “non short sale” unit, having been purchased for $240K in 4/01. This unit had been extensively remodeled and acquired more square footage as a result. The listing indicates 1800 sqft of living space and an additional 300 of lanai.
Plantation 1421 sold for a mere $400K while listed at $449K. Selling for $536,066 in 2/06 this unit was previously listed from 12/08 to 12/09 for $557,777. The second time it started out listed at $579K reducing to $449K before it found a buyer. This was not a short sale.
Nihilani 32A, which sold for an amazing $985K in 3/06 was withdrawn from the market listed at a short sale price of $425K. Ali’i Kai 9F, which was purchased for $560K in 9/05, was on the market for 354 days starting at $565K and reducing to $497K before it was withdrawn. Villas of Kamali’i 4, which last sold for $900K in 3/07, was withdrawn priced at $895K.
There were several price changes: Ka’iulani 25 went from $1.295M to $1.195M and last sold for $1,621,790 in 10/07. Hanalei bay Resort N22 reduced from $359K to $325K and was purchased for $469K in 1/06. It was mentioned under the “back on the market” section that Ali’i Kai 7101 reduced from $529K to $429K as it returned to active status. Nihilani 7C, one of the developer’s two remaining units reduced from $539K to $509K while Villas of Kamali’i 33 went from $859K to $849K having sold for $649K in 7/04. That’s it for condos this week, now on to your Princeville Kauai home update:
Copyright 7/4/2010 by Hawaii Information Service
BACK ON THE MARKET
236140 RES SD FS A 12 4-5-4-14-26 $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01
CONTINGENT SALES
236113 RES SD FS C 13 4-5-4-19-19 $643,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3.00
PRICE CHANGES
210722 RES LR,SD FS A 795 4-5-4-18-7 $779,000- 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
234881 RES SD FS A 46 4-5-4-18-2 $895,000- 4775 Emmalani Dr 11,217 sqft 2,016 #0 3/3.00
233489 RES SD FS A 93 4-5-4-24-4 $953,000- 4194 Waileia Pl 9,632 sqft 3,480 4/2.02
234784 RES SD FS A 48 4-5-4-16-43 $1,190,000- 4466 Emmalani Dr 10,683 sqft 2,555 #0 3/2.01
221404 RES SD FS A 497 4-5-4-14-32-5 $1,290,000- 3875 Kamehameha Rd #5 10,332 sqft 3,709 6/6.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
As you can see, there are no new listings in Princeville Kauai homes this week, but one of the bank foreclosures, 5086 Napookala Circle, went into escrow. This home sold $648K in 9/03 and was apparently refinanced since that time.
On a final note, here are the short sales and REO’s currently showing as available in Princeville, Kauai:
Copyright 7/4/2010 by Hawaii Information Service
MLS DATA
MLS # Tp Sub Own St DOM Taxkey Price Location Land area Details
234169 RES GA FS A 72 4-5-4-5-39-33 $215,000 Cliffs At Princeville #2103 917 #2103 1/2.00
224335 RES CD CF A 400 4-5-4-15-21-11 $220,000 Sandpiper Village I #111 1,042 #111 2/2.00
232853 RES CD CF A 115 4-5-4-15-21-8 $245,000 Sandpiper Village I #108 1,042 #108 2/2.00
234283 RES OT CF A 62 4-5-4-5-18-1 $310,000 Puamana #1A 1,312 #1A 2/2.00
210873 RES LR,SA CF A 734 4-5-4-5-16-52 $429,000 Alii Kai At Hanalei #7101 886 #7101 2/2.00
234352 RES SD FS A 68 4-5-4-15-12 $489,900 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
225956 RES CD CF A 297 4-5-4-5-24-56 $495,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.01
229552 RES LR CF A 195 4-5-4-5-12-27 $499,000 Sealodge Ii #H9 567 #H9 1/1.00
227872 RES GA,HR,LR,MR,PH CF A 279 4-5-4-5-24-16 $520,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
216359 RES CD CF A 644 4-5-4-5-24-68 $569,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2.00
220974 RES CD CF A 509 4-5-4-5-24-63 $585,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3.00
229452 RES SA CF A 229 4-5-3-11-1-30 $599,000 Villas On The Prince #30 1,732 #30 3/3.00
229218 RES SD FS A 229 4-5-4-24-11 $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
235501 RES LR CF A 33 4-5-4-12-3-8 $659,900 Hanalei Bay Villas #8 1,244 #8 2/2.01
233631 RES RS FS A 93 4-5-4-9-19 $749,000 4188 Liholiho Rd 10,981 sqft 2,405 4/3.00
210722 RES LR,SD FS A 795 4-5-4-18-7 $779,000 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
229479 RES RS FS A 210 4-5-4-20-31 $799,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3.00
232843 RES CD CF A 116 4-5-4-12-11-14 $999,000 Puu Poa #114 2,065 #114 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Short sales and REO’s can yield a great buy if you have the patience and the guidence needed to get through one of these transaction. When chosing an agent, make sure it is one with specific training in these areas. The two most commonly recognized designations are the SFR “Short Sale and Foreclosure Resource” specialist and CDPE, the “Certified Distressed Property Expert.” Along with the SFR designation, I also hold several other professional designations in order to better serve clients. Don’t be afraid to ask an agent about their experience, education and and years in the business. Make it your business to find out how seriously your prospective agent takes their business.
Happy 4th to you.
Aloha Elaine
The sun went down on the beach at PMRF….
View from the beach as everyone settled in for the festivities…..
A few bites of pizza always adds to the enjoyment for granddaughter Michelle and my hubby, Jack…
Let the fireworks begin!
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Come to the Fourth of July celebration at PMRF on Kauai’s westside
Aloha,
If you missed it last year, you may want to put it on your calendar for this weekend: the Pacific Missile Range Facility is hosting its Stars and Stripes Freedom Celebration on July 3rd from 5 to 10 PM. That means you can also attend the Kekaha celebrations on July 4th and / or attend the annual Concert in the Sky in Lihue.
The PMRF event will take place at the Shenanigens restaurant, with a 12 minute fireworks display on the beach. This event is free and open to the public and also offers an opportunity to meet the new commanding officer, Captain Nicholas Mongillo, who will welcome everyone and speak to the importance of Independence Day.
Per the June 15th Garden Island Newspaper article “PMRF to host Independance Day celebration” – “Kaua‘i bands Battery Alley and Greenstone Project will provide music and the event will also include a 12-minute heart-pounding fireworks display on the beach presented by Hawai‘i Explosives & Pyrotechnics, Inc. Food, games and craft booths will be available throughout the event.”
Access is through the main gate (also known as the Housing Gate) at Mile Marker 30 of Kaumuali‘i Highway. Watch for signs on the highway for directions. Free parking will be available on base, although visitors are reminded that all vehicles will be subject to search. For more information on this event, call (808) 335-4380.
I went last year and had a great time. This year promises to be even better with the event taking place on the beach. See you there!
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Click here to see all my listings
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
A change in Short sales and the MLS
Aloha,
As of July 1st, the Hawaii MLS is changing their rules to require that all short sales be changed to “contingent” as soon as an offer is accepted by the seller. Previously, many agents kept their listings as “active” until they had acceptance by the bank. This meant that although a property showed as an active short sale, a call to the agent was typically required in order to see if there were any offers in play. I’d be curious to know how short sales are handled on other MLS platforms.
Just for fun, here is a list of all the properties in Princeville currently listed either as a short sale or foreclosure: (Condos first followed by homes)
Copyright 6/30/2010 by Hawaii Information Service
234169 RES GA FS A 68 4-5-4-5-39-33 $215,000 Cliffs At Princeville #2103 917 #2103 1/2.00
224335 RES CD CF A 397 4-5-4-15-21-11 $220,000 Sandpiper Village I #111 1,042 #111 2/2.00
232853 RES CD CF A 111 4-5-4-15-21-8 $245,000 Sandpiper Village I #108 1,042 #108 2/2.00
236265 RES GA,HR,LR,MR,PH CF A 6 4-5-4-15-21-23 $250,000 Sandpiper Village I #123 1,042 #123 2/2.00
231596 RES SA CF A 147 4-5-4-12-2-35 $300,000 Hale Moi #215 1,033 #215 1/2.00
234283 RES OT CF A 58 4-5-4-5-18-1 $310,000 Puamana #1A 1,312 #1A 2/2.00
210873 RES LR,SA CF A 730 4-5-4-5-16-52 $429,000 Alii Kai At Hanalei #7101 886 #7101 2/2.00
225956 RES CD CF A 293 4-5-4-5-24-56 $495,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.01
229552 RES LR CF A 191 4-5-4-5-12-27 $499,000 Sealodge Ii #H9 567 #H9 1/1.00
216359 RES CD CF A 640 4-5-4-5-24-68 $569,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2.00
220974 RES CD CF A 505 4-5-4-5-24-63 $585,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3.00
229452 RES SA CF A 225 4-5-3-11-1-30 $599,000 Villas On The Prince #30 1,732 #30 3/3.00
235501 RES SD CF A 29 4-5-4-12-3-8 $659,900 Hanalei Bay Villas #8 1,244 #8 2/2.01
232843 RES CD CF A 112 4-5-4-12-11-14 $999,000 Puu Poa #114 2,065 #114 2/2.00
229479 RES RS FS A 206 4-5-4-20-31 $799,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3.00
210722 RES LR,SD FS A 791 4-5-4-18-7 $779,000 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
233631 RES RS FS A 89 4-5-4-9-19 $749,000 4188 Liholiho Rd 10,981 sqft 2,405 4/3.00
234352 RES SD FS A 64 4-5-4-15-12 $489,900 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
229218 RES SD FS A 225 4-5-4-24-11 $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Right now there are a total of 19 properties listed. I’ll be curious to see how many of these change status as a result of the new listing regulation.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of June 20th to 26th
Aloha,
Ok, so it’s not a sizzling hot summer – but that’s not due to lack of good inventory. A large part of it may be difficulty in obtaining a loan. Whatever normal roadblocks there used to be, you can now multiply that by 5 or 10 and plan on extending your closing while you’re at it. Getting a loan these days – especially for a condo in a resort area, can be quite challenging due to the guidelines set forth by Fannie Mae and Freddie Mac, and if you go for a portfolio loan, be ready to pay higher points with a higher interest rate.
As a result, I’ve been seeing more and more cash sales which pretty much ensures that the buyer will close (once you get past the inspections) and certainly gives them even more negotiating power with the seller. After all, with cash, there’s no worry as to if the property will appraise or if the buyer will qualify and having those two factors off the table is worth money. I still say it’s a great time to buy even if you have to get financing but it’s definitely an exceptional time to buy if you are a cash buyer.
This month we had some agents changing brokerages, which results in properties being withdrawn and relisted with the new agency. Check it out:
Copyright 6/27/2010 by Hawaii Information Service
NEW LISTINGS
236265 RES GA,HR,LR,MR,PH CF A 3 4-5-4-15-21-23 $250,000 Sandpiper Village I #123 1,042 #123 2/2.00
236160 RES LR,OT,SA CF A 5 4-5-4-5-3-24 $350,000 Princeville Paniolo #211 1,058 #211 1/2.00
236129 RES SA CF A 6 4-5-4-5-39-72 $399,000 Cliffs At Princeville #3204 917 #3204 1/2.00
236149 RES LR CF A 5 4-5-4-12-10-29 $490,000 Emmalani Court #422 1,192 #422 2/2.00
236084 RES LR CF A 4 4-5-4-5-12-20 $515,000 Sealodge Ii #H2 567 #H2 1/1.00
236081 RES LR CF A 5 4-5-4-12-10-41 $580,000 Emmalani Court #524 1,192 #524 2/2.00
236134 RES SA CF A 6 4-5-4-6-1-54 $799,000 Villas Of Kamalii #54 1,767 #54 3/3.00
236037 RES SA CF A 5 4-5-4-12-11-10 $1,400,000 Puu Poa #110 2,065 #110 2/2.00
WITHDRAWN
224986 RES LR CF W 370 4-5-4-5-39-72 $439,000 Cliffs At Princeville #3204 917 #3204 1/2.00
235382 RES LR CF W 20 4-5-4-12-10-29 $490,000 Emmalani Court #422 1,192 #422 2/2.00
228953 RES CD CF W 53 4-5-4-5-16-37 $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2.00
227179 RES SA CF W 297 4-5-4-6-1-54 $799,000 Villas Of Kamalii #54 1,767 #54 3/3.00
PRICE CHANGES
236265 RES GA,HR,LR,MR,PH CF A 3 4-5-4-15-21-23 $250,000- Sandpiper Village I #123 1,042 #123 2/2.00
230839 RES SA CF A 170 4-5-4-5-18-60 $349,000- Puamana #17A 1,312 #17A 2/2.00
236129 RES SA CF A 6 4-5-4-5-39-72 $399,000- Cliffs At Princeville #3204 917 #3204 1/2.00
234053 RES SA CF A 72 4-5-4-11-3-32 $994,000- Hanalei Bay Resort #H26 1,324 #H26 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The first new listing is Sandpiper 123, purchased for $359K in 8/04 and offered as a short sale for $250K. New flooring was installed in this unit in 2009. Next up is Paniolo 211 at $350K which last sold for $300K in 11/09. This seller is apparently trying to flip this unit. Cliffs 3204 is a “relisting” due to the agent changing his brokerage. It sold for $380K in 1/08 and is back on the market at a new price of $399K. You’ll also see this unit under withdrawn and price changes as the price was reduced from $439K to $399K when it was relisted. Emmalani Court 422 sold for $365K in 9/09 and is “relisted” for $490K. Once again, the agent on this unit changed their brokerage so you’ll see this unit under the withdrawn portion of the update. It was previously listed this past month (6/10) priced at $580K reducing to $490K.
Sealodge H2 is a new listing priced at $515K. This unit last sold in 7/98 for $128K. Emmalani Court 524 is new this week priced at $580K. This unit sold for $380K in 6/09 and was remodeled prior to that sale. This seller also owns unit 422 and is apparently trying to capitalize on their previous good buys. Villas of Kamali’i 54 is another case of the agent changing brokerages. This unit sold for $607,500 in 11/03 and was first listed from 5/06 to 1/07 starting at $1.185M reducing to $1.095M and most recently from 8/09 to 6/10 at which time it was listed at $849K dropping to $799K after 297 days on the market. You’ll see this unit under the withdrawn portion of this update. Pu’u Po’a 110 hits the market this week as a new listing priced at $1.4M having been purchased for $1,637,500 in 7/05. This is quite a bit higher than recent sales. See for yourself:
Copyright 6/25/2010 by Hawaii Information Service
228145 RES CD CF S 100 4-5-4-12-11-3 $999,000 Puu Poa #103 1,771 #103 2/2.00
SOLD 3/11/2010 for $900,000 (CNV) DOM 100
208628 RES CD CF S 362 4-5-4-12-11-55 $1,099,000 Puu Poa #413 1,777 #413 2/2.00
SOLD 4/24/2009 for $1,000,000 (CASH, CNV) DOM 362
217448 RES CD CF S 101 4-5-4-12-11-15 $1,300,000 Puu Poa #201 1,359 #201 2/2.00
SOLD 4/8/2009 for $825,000 (CNV) DOM 101
216008 RES CD CF S 301 4-5-4-12-11-47 $1,500,000 Puu Poa #405 1,800 #405 2/2.00
SOLD 10/1/2009 for $1,050,000 (CASH) DOM 301
222524 RES CD CF S 59 4-5-4-12-11-53 $1,500,000 Puu Poa #411 1,777 #411 2/2.00
SOLD 7/7/2009 for $1,300,000 (CASH) DOM 59
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Moving right along : As I explained under new listings, most of the units shown under “withdrawn” were due to agents changing brokerages. This applies to Cliffs 3204, Emmalani Court 422 and Villas of Kamali’i 54. Ali’i Kai 5101 priced at $649K was also withdrawn after a mere 53 days on the market, this time. It seems this seller has wanted to sell since buying it in 5/04 for $595K – first listing this unit in 8/04 to 10/04 for $639K, again from 7/06 to 8/06 for $975K, from 4/07 to 8/07 starting at $879K and dropping to $849K, from 9/07 to 11/08 for $879K, again from 6/08 to 9/09 starting at $849K and reducing to $649K and finally this last time, from 12/09 to 6/10 for $649K. Whew! What with all the foreclosures and short sales in Ali’i Kai, it’s no surprise this unit didn’t sell. Take a look at the sale price on these ocean view units:
Copyright 6/25/2010 by Hawaii Information Service
230507 RES CD CF S 35 4-5-4-5-16-56 $426,800 Alii Kai At Hanalei #7201 886 #7201 2/2.00
SOLD 4/7/2010 for $422,500 (CNV) DOM 35
231100 RES CD CF S 109 4-5-4-5-16-50 $448,900 Alii Kai At Hanalei #6102 1,088 #6102 2/2.00
SOLD 6/8/2010 for $448,900 (CASH) DOM 109
229489 RES CD CF S 69 4-5-4-5-16-45 $530,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2.00
SOLD 3/29/2010 for $528,500 (CNV) DOM 69
229125 RES CD CF S 85 4-5-4-5-16-33 $599,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2.00
SOLD 6/16/2010 for $600,000 (CASH) DOM 85
213707 RES CD CF S 1009 4-5-4-5-16-41 $599,000 Alii Kai At Hanalei #5201 1,086 #5201 2/2.00
SOLD 3/19/2010 for $528,000 (CNV) DOM 1009
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
There were no contingent sales, units going under contract, or expired this week. As for price changes: The new Sandpiper listing, unit 123, initially came on the market at $325K but quickly changed to a much more favorable $250K. Puamana 17A, purchased for $320K in 3/04 reduced from $367,500 to $349K. I already mentioned that Cliffs 3204 reduced from $439K to $399K as it came back as a new listing. Hanalei Bay Resort H26, which sold for $507,290 in 11/03 reduced from $1.099M to 4994K. Now on to your Princeville home update:
Copyright 6/27/2010 by Hawaii Information Service
NEW LISTINGS
236123 RES SD FS A 6 4-5-3-12-3 $1,788,000 4043 Aloalii Dr 8,972 sqft 3,588 3/3.01
233889 RES SD FS A 2 4-5-3-12-18 $2,890,000 3957 Aloalii Dr 9,206 sqft 3,777 4/4.00
236130 RES SD FR A 0 4-5-4-15-3 $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.01
236133 RES SD FR A 0 4-5-4-16-22 $345,000 4080 Kaa’humanu Pl 9,731 sqft 2,460 4/3.01
236176 RES SD FS A 5 4-5-4-6-12 $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2.00
236113 RES SD FS A 6 4-5-4-19-19 $643,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3.00
236139 RES SD FS A 6 4-5-4-13-59 $829,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00
236140 RES SD FS A 6 4-5-4-14-26 $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01
236250 RES SD FS A 3 4-5-4-7-27 $1,900,000 3862 Punahele Rd 12,999 sqft 2,538 3/2.01
235779 RES SD FS C 3 4-5-4-13-44 $750,000 3646 Kaweonui Rd 10,937 sqft 2,240 3/2.00
236138 RES SD FS C 6 4-5-4-7-19 $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2.00
BACK ON THE MARKET
229218 RES SD FS A 222 4-5-4-24-11 $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
CONTINGENT SALES
231558 RES SD FS C 145 4-5-3-12-4 $1,875,000 4035 Aloalii Dr 9,415 sqft 3,232 3/3.00
235779 RES SD FS C 3 4-5-4-13-44 $750,000 3646 Kaweonui Rd 10,937 sqft 2,240 3/2.00
236138 RES SD FS C 6 4-5-4-7-19 $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2.00
SALES
234014 RES SD FS S 25 4-5-4-14-5 $998,000 3778 Kelii Pl 13,508 sqft 2,952 4/3.00
SOLD 6/25/2010 for $962,000 (CASH, CNV) DOM 25
210725 RES SD FS S 752 4-5-4-8-47 $2,795,000 5045 Kapiolani Lp 16,502 sqft 4,226 5/4.01
SOLD 6/22/2010 for $2,170,000 (CASH) DOM 752
UNDER CONTRACT
228923 RES RS FS U 158 4-5-4-9-42 $1,095,000 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.01
WITHDRAWN
227009 RES SD FS W 299 4-5-3-12-3 $1,788,000 4043 Aloalii Dr 8,972 sqft 3,588 3/3.01
233993 RES SD FR W 65 4-5-4-15-3 $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.01
233991 RES SD FR W 18 4-5-4-16-22 $345,000 4080 Kaa’humanu Pl 9,731 sqft 2,460 4/3.01
226593 RES RS FS W 293 4-5-4-6-12 $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2.00
231979 RES SD FS W 129 4-5-4-7-19 $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2.00
233372 RES SD FS W 67 4-5-4-13-59 $829,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00
221067 RES SD FS W 315 4-5-4-14-17 $1,065,000 3835 Albert Rd 10,579 sqft 2,743 3/2.01
229262 RES SD FS W 222 4-5-4-14-26 $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01
PRICE CHANGES
234352 RES SD FS A 61 4-5-4-15-12 $489,900- 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
226808 RES OT FS A 313 4-5-4-23-50 $810,000- 3788 Moae Pl 6,974 sqft 1,937 3/2.00
233592 RES SD FS A 76 4-5-4-13-66 $825,000- 3705 Albert Rd 10,586 sqft 2,010 4/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Of the twelve new listings, 7 were generated by the brokerage change. It’s good to see some sales this week with both Keli’i Place and Kapiolani Loop closing. Although it looks like Keli’i Place was only on the market for 25 days, it was previously offered for sale as a FSBO. (For Sale By Owner.) Also, under contingent sales, the home on Punahele was previously listed from 9/06 to 11/07 starting at $1.695M and reducing to $1.185M; from 2/08 to 11/09 during which time it went from $1.225M to $1.135M and this last time from 2/10 to 6/10 for $799K at which time the agent changed his brokerage. This home sold for $980K in 7/06. Please don’t get the idea that the market has dropped so much that a home that was worth $1.695M is now under contract listed at $799K. The answer to that question is very simple; the house was overpriced for a most of the time it was listed. Nothing more. Yes, the market is soft but not so soft that homes that were actually worth $1.695M in 07 are now only “worth” $799K.
That’s it for this week. It’s been a mixed bag as far as the weather goes, alternating between glorious sunshine, gentle sprinkles of rain and all out downpours. I had the good fortune to be in the middle of a riding (horseback) clinic the other day when the sky opened up and just dumped. But as they say, it’s still paradise and no harm was done. Rain or shine, it’s beautiful here. Remember to call for the facts before you buy or sell. That’s why I’m here.
Aloha Elaine
Check out my new listing 
Had fun in DC for a few days last month.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Click here to see all my listings
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of June 13th to 19th
Aloha,
I love to read headlines and then to interpret what is actually being said. For example, in the June 7th Honolulu edition of the Pacific Business News the headline read “Kauai home, condo sales soar in May, prices aren’t following suit.” Wow, I said to myself, did I miss something? Since I report on the stats each month, I thought I’d better go back and take a second look and here is what I found:
Yes, I guess sales did “soar” if you consider a 46% increase in total sales, going from 37 properties sold in May 09 to 54 sold in May 10 as “soaring.” Of these May 10 sales, 27 were single family homes and 18 were condos, up from 15 homes and 13 condos sold in May 09 which represents an 80% increase in home sales over 09 and a 38% increase in condos. Granted, the numbers are up but then again, if you sold one house one month and 3 the following month, once again you could say that sales were “soaring.”
Maybe I’m just jaded but I can’t get really excited about 18 condos selling Island wide the month of May. The same goes for houses. I remember when (have I been around too long??) we were seeing 45 homes sell in one month (03) or 54 homes (04) with 60 condos changing hands (03) or even better, how about 05 and 06 when we had 64 & 77 condos changes hands during the month.
The article does go on to give the actual numbers, but I guess my point is, it’s all relative. If the market is soaring, I guess I’m just not feeling it yet. Now don’t get me wrong, I’m eternally optimistic on the market but perhaps not really behind some of the descriptive language used in reporting the stats. Enough of my digression – on to your update:
Copyright 6/20/2010 by Hawaii Information Service
NEW LISTINGS
235813 MTF,RES SA CF A 4 4-5-3-6-22-30 $2,300,000 Kaiulani Of Princeville #30 18.00 ac 2,864 #30 3/3.01
234372 RES SA FS A 7 4-5-3-6-22-8 $1,910,000 Kaiulani Of Princeville #8 2,864 #8 3/3.01
236069 RES GA,LR,SA FS A 1 4-5-4-15-21-43 $265,000 Sandpiper Village I #206 1,173 #206 2/2.01
235902 RES LR CF A 6 4-5-4-11-3-7 $985,000 Hanalei Bay Resort #B13 1,324 #9123/4 2/2.00
235845 RES LR CF A 6 4-5-4-11-3-35 $995,000 Hanalei Bay Resort #H35 1,324 #5303-4 2/2.00
BACK ON THE MARKET
229667 RES LR CF A 179 4-5-4-5-3-18 $300,000 Princeville Paniolo #203 1,058 #203 1/2.00
229381 RES CD CF A 51 4-5-4-5-24-94 $425,000 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.01
235382 RES LR CF A 19 4-5-4-12-10-29 $490,000 Emmalani Court #422 1,192 #422 2/2.00
SALES
207634 RES CD CF S 771 4-5-4-5-39-16 $259,000 Cliffs At Princeville #1206 917 #1206 1/2.00
SOLD 6/15/2010 for $259,000 (CASH) DOM 771
227781 RES CD CF S 212 4-5-4-5-16-9 $359,000 Alii Kai At Hanalei #2101 1,086 #2101 2/2.00
SOLD 6/17/2010 for $325,000 (CNV) DOM 212
229125 RES CD CF S 85 4-5-4-5-16-33 $599,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2.00
SOLD 6/16/2010 for $600,000 (CASH) DOM 85
231884 RES CD CF S 79 4-5-4-6-1-29 $749,000 Villas Of Kamalii #29 1,825 #29 3/3.00
SOLD 6/18/2010 for $735,000 (CNV) DOM 79
EXPIRED
209061 RES CD CF X 785 4-5-4-12-2-6 $450,000 Hale Moi #106 1,033 #106 2/2.00
222323 RES CD CF X 451 4-5-4-5-39-191 $589,000 Cliffs At Princeville #9201 963 #9201 1/2.00
WITHDRAWN
229379 RES CD CF W 215 4-5-4-5-24-80 $299,000 Nihilani At Princeville Resort #27B 1,567 #27B 3/2.01
226521 RES SA CF W 241 4-5-4-5-39-178 $750,000 Cliffs At Princeville #8204 1,864 #8204 4/4.00
234278 RES LR CF W 840 4-5-4-11-3-49 $950,000 Hanalei Bay Resort #J11 1,324 #7101-2 Banana 2/2.00
228566 RES CD CF W 237 4-5-4-12-3-34 $999,000 Hanalei Bay Villas #34 1,248 #34 2/2.01
PRICE CHANGES
231629 RES LR CF A 142 4-5-4-5-4-12 $425,000- Princeville Mauna Kai #2B 2,100 #2B 3/3.03
234973 RES GA,LR,SA CF A 33 4-5-4-5-23-62 $479,000- Plantation At Princeville #1612 1,153 #1612 2/2.00
228165 RES LR,SA CF A 258 4-5-4-12-10-27 $479,000- Emmalani Court #415 1,456 #415 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Two Ka’iulani resales hit the MLS this week, starting with unit 30 which sold from the developer on 9/07 for $2.3M and is listed for the same amount. Ka’iulani 8 is priced at $1.910M and sold in 3/08 for $1,939,420. Sandpiper 206, listed for $265K returns after being previously listed from 6/07 to 2/10 starting at $525K and reducing to $289K when it was withdrawn from the market after 1293 market days. It was purchased for $114,500 in 11/99.
Hanalei Bay Resort 9123/24 is back as a new listing, priced at a new low of $985K. This unit sold for $359K in 11/00 and was first listed from 6/07 to 11/07 for $1.249M reducing to $1,224M when it was withdrawn and again from 5/08 to 5/10, starting at $1.095M and dropping to $995K when it was withdrawn once again. Hanalei Bay Resort 5303/04 is new on the market priced at $995K. This is the first time listed since it sold in 7/00 for $349K.
Returning to the MLS after expiring is Paniolo 203, priced at $300K. This unit sold for $445K in 7/05 and, surprisingly enough, is not a short sale, plus the seller will pay two years of HOA fees! Nihilani 32A, a short sale priced at $425K is back on the market after being in escrow. This unit sold for $985K in 3/06. Emmalani Court 422, which sold as a bank REO in 9/09 for $365K (which was amazingly low back then) is back on the market priced at $490K after having been withdrawn. 422 started out priced at $580K.
I’m happy to report several sales this week starting with Cliffs 1206 priced at $259K. This short sale started out at $499K, ultimately closing at the current list price. It sold in 9/05 for $520K. Ali’i Kai 2101, a nice end unit listed for $350K closed at $325K. This unit sold for $451K in 11/04 (it does not show as a short sale) and was initially listed for $477K. Ali’i Kai 4301 which was a short sale, started out listed at $785K, finally finding a buyer while priced at $599K. This unit sold at an amazing $1,157,500 in 6/06 and closed this week at $600K. Nice buy for this ocean front unit. Villas of Kamali’i 29 sold for $735K, slightly below its list price of $749K. Purchased for $750K in 6/05, this unit was listed several times over the last couple of years for as high as $925K in 2/08.
Hale Moi 106 and Cliffs 9201 both expired this week, with Hale Moi priced at $450K and the ocean view Cliffs priced at $589K. These units sold for $485K in 10/05 for Hale Moi and for $135K in 12/96 for the leasehold Cliffs, converting to fee simple in 11/91 for $22,500.
Nihilani 27B, a short sale was withdrawn listed at $299K. This unit sold for $682,180 in 10/06. Cliffs 8204 a four bedroom unit priced at $750K was withdrawn. 8204 shows as selling for $115K in 5/06 but I do believe there was more to it than meets the eye. Hanalei Bay Resort 7101/02 came off the market while priced at $950K after selling for $504,145 in 9/03. Hanalei Bay Villas 34 was purchased for $975K in 11/05 and was withdrawn while priced at $999K.
There are only a few price changes this week, starting with Mauna Kai 2B, which went from $447K to $425K and last sold for $240K in 4/01. Plantation 1612 reduced from $499K to $470K and was purchased for $525K in 5/09. The final reduction is Emmalani Court 415 which went from $499K to $479K. This unit sold for 4610K in 5/05. Now on to your Princeville home update:
Copyright 6/20/2010 by Hawaii Information Service
NEW LISTINGS
235317 RES SD FS A 4 4-5-3-12-42 $989,000 4046 Aloalii Dr 8,041 sqft 1,603 #0 2/2.01
235996 RES SD FS A 4 4-5-4-21-28 $1,295,000 4865 Akai Pl 16,048 sqft 3,528 #0 4/3.01
BACK ON THE MARKET
226593 RES RS FS A 292 4-5-4-6-12 $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2.00
224096 RES RS FS A 394 4-5-4-8-22 $675,000 5066 Kamamalu Lp 11,580 sqft 1,446 3/2.00
231979 RES SD FS A 128 4-5-4-7-19 $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2.00
CONTINGENT SALES
218860 RES OT FS C 559 4-5-4-7-5 $550,000 3934 Namakeha Loop 13,387 sqft 2,047 3/2.00
234016 RES RS FS C 62 4-5-4-20-26 $849,000 5145 Iolani Pl 10,995 sqft 2,704 3/3.00
UNDER CONTRACT
229419 RES SD FS U 177 4-5-4-23-55 $589,000 3781 Milimakani Pl 7,187 sqft 1,295 3/2.00
EXPIRED
229705 RES SD FS X 259 4-5-4-19-19 $643,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3.00
WITHDRAWN
227098 RES SD FS W 112 4-5-4-18-45 $775,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.01
TEMPORARILY WITHDRAWN
229218 RES SD FS T 218 4-5-4-24-11 $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00
PRICE CHANGES
231960 RES SD CF A 129 4-5-4-23-35 $579,000- 3793 Moae Pl 6,386 sqft 1,651 3/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
That’s it for this week. I think we’ll continue to see more activity as the summer progresses, based on the number of showing requests that are going around. It really is a great market, even if the number are down, because the good buys are everywhere. Not every house or condo is perfect but if you can see the potential, you’re sure to find something you like. Please do not hesitate to call or email with questions.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
