PMRF 2nd of July celebration is open to all
Aloha,
If you want to kick off your extra long weekend with fireworks, head on out to the Westside and PMRF (Pacific Missile Range Facility) for a “pre-holday” celebration and fireworks on Thursday July 2rd. Since all government employees have Friday the 3rd off, the base is opening it’s doors to the Community for an evening of fun and celebration from 5 PM to 10 PM on the 2nd. This past Saturday, while speaking at the Military Appreciaton Day, “Capt. Aaron Cudnohufsky, commanding officer of the Pacific Missile Range Facility at Mana, expressed his appreciation to the county, its leaders and people.
“It is important to have support, and we thank you for supporting us,” Cudnohufsky said. “We invite the people to PMRF on July 2 starting at 5 p.m. to enjoy the Fourth of July. It’s just a small way the base tries to give back to the community because we cannot do what we do without you.”
There will be food, games for kids, various displays and vendors and of course, fireworks to get your holiday weekend off to a perfect start. Come on out and join in the fun.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 21st to 27th
Aloha,
Can’t believe it’s almost the fourth of July! Time certainly flys when there’s so much to do and so little time to do it. I enjoyed a week in Puhi house / cat sitting for friends at their Villas of Puali condo. Although technically a condo, these units are configured as duplexes and are more like a house, complete with a two car garage, and a 3 bedroom 2.5 bath 2 story residence. There’s also a single story model with 3 bedrooms and 2 baths that is quite nice. There are several on the market ranging from $394K to $420K. My friends were fortunate enough to get the second last condo on the street. It’s very quiet down there, they have great mountains views and even a peek of the ocean from upstairs. Location in key in this complex as some of the condos on the cul de sacs tend to look out towards one another leaving you with the feeling of living in a fish bowl.
One of the nicer ones is the single story unit with 3 beds/ 2 baths for $394K. It’s beautifully upgraded with trayed ceilings, porcelain tile throughout the entire unit, and granite countertops in both bathrooms. If you’re interested in a more central living situation, I like the “Villas.” I had my car serviced when I was there, had a follow up eye doctor appt and went to Costco to buy dinner (their rotisserie chickens are the best on the Island) none of which took more than 5 minutes to get to my destination. And when I had to drop a car off at the airport for my incoming friends, I drove there, dropped it off and took the bus back to Kukui Grove and walked home. No problem.
You can’t beat it for convenience but anyone who knows me knows I’m a North Shore girl and I’m happyt to be back at home at my computer with my ocean views and wonderful trades. On to your update:
Copyright 6/28/2009 by Hawaii Information Service
NEW LISTINGS
225138 T A 5 4-5-3-6-22-40 FS $1,825,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5
BACK ON THE MARKET
209061 T A 432 4-5-4-12-2-6 FS $450,000 Hale Moi #106 1,033 #106 2/2
CONTINGENT SALES
209244 T C 454 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5
223488 T C 66 4-5-4-15-21-30 FS $349,000 Sandpiper Village I #130 1,042 #130 2/2
SALES
210999 T S 355 4-5-4-12-10-42 FS $499,000 Emmalani Court #525 1,456 #525 2/2
SOLD 6/25/2009 for $475,000 (CNV) DOM 355
EXPIRED
219363 T X 180 4-5-4-5-18-68 FS $449,000 Puamana #19B 1,660 #19B 3/2
WITHDRAWN
211530 T W 145 4-5-4-12-11-24 FS $1,795,000 Puu Poa #210 1,700 #210 2/2
PRICE CHANGES
214620 T A 320 4-5-3-6-22-39 FS $1,250,000- Kaiulani Of Princeville #39 2,479 #39 3/3
222233 T A 23 4-5-4-5-39-45 FS $265,000- Cliffs At Princeville #2205 917 #2205 1/2
224707 T A 13 4-5-4-12-2-16 FS $339,000- Hale Moi #116 1,033 #116 1/2
221962 T A 111 4-5-4-5-18-30 FS $385,000- Puamana #8C 1,532 #8C 2/2
220097 T A 162 4-5-4-5-13-3 FS $424,000- Kamahana #3 1,732 #3 2/2
218778 T A 205 4-5-4-5-18-60 FS $425,000- Puamana #17A 1,312 #17A 2/2
220368 T A 151 4-5-4-5-39-42 FS $445,000- Cliffs At Princeville #2202 917 #2202 1/2
215869 T A 289 4-5-4-5-23-16 FS $469,900- Plantation At Princeville #422 1,318 #422 3/3
218310 T A 160 4-5-4-12-5-9 FS $799,000- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
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’s only one new listing this week, which to me, is good news, given the number of listings currently on the market. 153 to be exact, not including the fractional offerings. Ka’iulani 40 is new on the market listed at $1.825K after being purchased for $1,772,090 on 2/07. This unit joins the other 22 units currently available in Ka’iulani. Take a look:
Copyright 6/28/2009 by Hawaii Information Service
221046 T A 107 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
212581 T A 376 4-5-3-6-22-61 FS $975,000 Kaiulani Of Princeville #61 1,738 #61 2/2.5
207166 T A 507 4-5-3-6-22-59 FS $995,000 Kaiulani Of Princeville #59 1,892 #59 2/2.5
206788 T A 507 4-5-3-6-22-70 FS $995,000 Kaiulani Of Princeville #70 1,781 #70 2/2.5
206220 T A 510 4-5-3-6-22-67 FS $1,049,000 Kaiulani Of Princeville #67 1,781 #67 2/2.5
224638 T A 18 4-5-3-6-22-76 FS $1,200,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
214620 T A 320 4-5-3-6-22-39 FS $1,250,000 Kaiulani Of Princeville #39 2,479 #39 3/3
218646 T A 208 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
218650 T A 208 4-5-3-6-22-52 FS $1,749,000 Kaiulani Of Princeville #52 2,479 #52 3/3
217907 T A 216 4-5-3-6-22-27 FS $1,795,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5
215271 T A 307 4-5-3-6-22-48 FS $1,799,000 Kaiulani Of Princeville #48 2,479 #48 3/3
225138 T A 5 4-5-3-6-22-40 FS $1,825,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5
221745 T A 107 4-5-3-6-22-29 FS $1,975,000 Kaiulani Of Princeville #29 2,864 #29 3/3.5
218644 T A 208 4-5-3-6-22-11 FS $1,995,000 Kaiulani Of Princeville #11 2,864 #11 3/3.5
207615 T A 483 4-5-3-6-22-9 FS $2,100,000 Kaiulani Of Princeville #9 2,864 #9 3/3.5
210971 T A 226 4-5-3-6-22-10 FS $2,150,000 Kaiulani Of Princeville #10 2,864 #10 3/3.5
214648 T A 325 4-5-3-6-22-2 FS $2,195,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5
217582 T A 233 4-5-3-6-22-18 FS $2,349,000 Kaiulani Of Princeville #18 2,864 #18 3/3.5
221506 T A 91 4-5-3-6-22-17 FS $2,399,000 Kaiulani Of Princeville #17 2,864 #17 3/3.5
219806 T A 170 4-5-3-6-22-6 FS $2,465,000 Kaiulani Of Princeville #6 2,861 #6 3/3.5
220019 T A 132 4-5-3-6-22-20 FS $2,650,000 Kaiulani Of Princeville #20 2,864 #20 3/3.5
221617 T A 92 4-5-3-6-22-16 FS $3,100,000 Kaiulani Of Princeville #16 2,843 #16 3/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Hale Moi 106, which sold for $485K in 10/05 is back on the market at $450K after expiring. It has been on the market 432 days and is priced well above other units, as you’ll see later in this report. We have two new escrows this week, starting with Ka’iulani 63 listed at $894K which is well below the $975K it sold for from the developer in 3/08. This property is agent owned and listed. Sandpiper 130, listed at $349K also went into escrow. This unit last sold for $238K in 6/03. Nice to see some more escrows open up.
Emmalani Court 525 sold for $475K with a list price of $499K. This unit sold for $400K in 1/03 and started out at $675K when it was first listed.
Puamana 19B, another agent owned and listed unit, which was purchased for $325K in 10/03 expired after 180 market days with a list price of $449K. Pu’u Po’a 210, listed for $1.795M was withdrawn after 145 market days. This unit last sold for $338K in 5/99.
Price changes are the last item of interest, starting with Ka’iulani 39 which reduced from $1.35M to $1.25M. This unit sold for $1,503,600 from the developer in 3/07. Cliffs 2205, purchased for $425K in 10/06 reduced from $275K to $265K and is a short sale. Hale Moi 116, purchased for $459K in 10/04 is a short sale which reduced from $369K to $339K. This unit is just slightly less than the upstairs unit, 216, which has been totally remodeled and is listed for a competative $345K. Although 116 advertises the ability to expand with a loft bedroom, I have never seen a loft in the downstairs units…only in the upstairs units. 216 does have a loft in the living area which has been used as the bedroom by the recent tenant. You may recall, 216 is my listed and at $345K, is not a short sale.
Next up is Puamana 8C which reduced from $399,900 to $385K. This seller has plenty of room as the unit was purchased in 7/88 as a leasehold for $95K and converted to fee simple in 5/00 for $35,700. Kamahana 3, purchased for $180,500 in 4/99 reduced from $442K to $424K. Puamana 17A, which last sold for $320K in 3/04 reduced from $435K to $425K. Cliffs 2202, purchased for $107K as a leashold in 5/88 and converted to fee simple for $20,500 in 11/91, reduced from $495K to $445K. Plantation 422, a bank foreclosure, took another price reduction down to $469,900 from $499K. This unit sold for $738K in 11/05 and was taken over by the bank on 6/08. Our last reduction is good old Pali Ke Kua 109 which continues its very slow price decline with another $500 reduction down to $799K. That’s it for this month. Now on to your Princeville home update:
Copyright 6/28/2009 by Hawaii Information Service
NEW LISTINGS
224862 RS A 4 4-5-4-13-63 FS $650,000 3737 Albert Rd 10,665 sqft 2,219 3/2
225252 RS A 3 4-5-4-21-10 FS $989,000 3836 Kaweonui Rd 10,018 sqft 2,016 3/3
BACK ON THE MARKET
222745 RS A 89 4-5-4-23-35 FS $647,000 3793 Moae Pl 6,386 sqft 1,651 3/2
WITHDRAWN
214432 RS W 320 4-5-4-21-5 FS $998,000 3722 Albert Rd 13,401 sqft 2,218 3/2
225130 RS W 5 4-5-4-15-3 FS $1,395,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
PRICE CHANGES
224336 RS A 37 4-5-4-23-38 FS $540,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
220147 RS A 151 4-5-4-22-10 FS $675,000- 4030 Kawaiala 10,614 sqft 1,710 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Saturday was Military Appreciation Day, an event sponsored in part by the Sons of Hawaii Motorcycle Club, and Kauai Harley Davisdson. One of the events is a motorcycle ride that starts at the Puhi Harley Davidson store, then proceeds out to the Veteran’s Cemetary in Hanapepe before returning to the store and numerous events in the field behind the store. This year about 85 to 90 motorcycle riders came out for the ride and ensuing activities. It was great fun for a wonderful cause filled with camaraderie. The rally is $20 and all funds go directly to support families of Kauai armed forces personnel who are deployed to stations overseas. If you are here around this same time next year, check with the Puhi Harley Davidson store for details. Rent and Harley and join the ride.
If you want to start your 4th of July celebration early, Captain Aaron Cudnohufsky, commanding officer of PMRF invited the public to come out to the base on Thursday, July 2nd starting at 2 PM to enjoy the day which will culminate with fireworks in the evening. We went last year and enjoyed the displays, the food, all the people, and especially the fireworks. Enjoy your long weekend! Don’t hesitate to call or email for the facts anytime — before you buy or sell!
Aloha Elaine
Even on cloudy days the mountains are magnificent!
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 14th through 20th
Aloha,
Happy Father’s Day to all of you dads out there. Hope you are enjoying your day! I spent part of the week over in Oahu enjoying the “Big City” and all it’s shopping, restaurants and movies. I never rent a car but instead enjoy walking from one end of Waikiki to the theatres at the Ward Center. Makes for a nice relaxing time away. Now on to your update:
Copyright 6/21/2009 by Hawaii Information Service
NEW LISTINGS
224707 T A 6 4-5-4-12-2-16 FS $369,000 Hale Moi #116 1,033 #116 1/2
225090 T A 3 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2
225032 T A 5 4-5-4-5-30-19 FS $399,000 Princeville Mauna Kai #D301 1,488 #26 3/2
224986 T A 5 4-5-4-5-39-72 FS $439,000 Cliffs At Princeville #3204 917 #3204 1/2
204435 T S -36 4-5-4-12-10-41 FS $519,000 Emmalani Court #524 1,192 #524 2/2
SOLD 6/19/2009 for $380,000 (CASH) DOM -36
BACK ON THE MARKET
210902 T A 368 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2
CONTINGENT SALES
223314 T C 64 4-5-4-6-1-44 FS $678,999 Villas Of Kamalii #44 1,825 #44 3/3
SALES
220884 T S 68 4-5-3-11-1-27 FS $750,000 Villas On The Prince #27 1,732 #27 3/3
SOLD 6/16/2009 for $700,000 (CASH) DOM 68
222629 T S 24 4-5-4-12-10-22 FS $425,000 Emmalani Court #325 1,456 #325 2/2
SOLD 6/17/2009 for $390,000 (CNV) DOM 24
204435 T S -36 4-5-4-12-10-41 FS $519,000 Emmalani Court #524 1,192 #524 2/2
SOLD 6/19/2009 for $380,000 (CASH) DOM -36
UNDER CONTRACT
210999 T U 355 4-5-4-12-10-42 FS $499,000 Emmalani Court #525 1,456 #525 2/2
EXPIRED
209061 T X 429 4-5-4-12-2-6 FS $450,000 Hale Moi #106 1,033 #106 2/2
188728 T X 861 4-5-4-5-39-55 FS $569,000 Cliffs At Princeville #2305 1,137 #2305 2/2
PRICE CHANGES
210902 T A 368 4-5-4-5-39-4 FS $275,000- Cliffs At Princeville #1104 917 #1104 1/2
221360 T A 115 4-5-4-12-2-36 FS $345,000- Hale Moi #216 1,033 #216 2/2
186493 T A 968 4-5-4-5-17-55 FS $399,000- Alii Kai Ii Hanalei #14G 1,037 #14G 2/2
222635 T A 44 4-5-4-5-12-19 FS $399,999+ Sealodge Ii #H1 556 #H1 1/1
219219 T A 221 4-5-4-5-30-20 FS $494,500- Princeville Mauna Kai #D302 1,488 ##25 3/2
218310 T A 153 4-5-4-12-5-9 FS $812,000- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
223314 T C 64 4-5-4-6-1-44 FS $678,999- Villas Of Kamalii #44 1,825 #44 3/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s good to see some activity this past week with as many condos going into escrow and/or selling as there were new ones on the market. Usually it’s a pretty lopsided effort with new condos coming on the market every week and very few sales to offset the growning inventory. Having said that, of the 5 new listings this week, all but one are either a short sale or foreclosure. Hale Moi 116, listed for $369K and purchased for $459K in 10/04 is a short sale. This unit was previously listed from 2/06 to 6/06, with a list price of $649K which reduced to $627K before it came off the market. It was listed a second time from 3/07 to 3/08, starting at $599K and reducing to $525K and again from 4/08 to 4/09 with a price of $499,500 which reduced to $419K before it was withdrawn. Hopefully it can sell prior to a foreclosure. Puamana 14B is a bank foreclosure listed at $390K. This unit sold for $625K in 3/06. Mauna Kai 26, purchased for $535K in 10/06 is back on the market as a short sale for $399K. This unit was previously listed from 4/08 to 4/09 starting at $619K and reducing to $525K when it came off the market.
Cliffs 3204 has the distinction of being the only new listing this week that is not in some type of financial distress. Listed at $439K and purchased for $380K in 1/08, this seller is fightng an uphill battle to capture a gain on the unit especially when competing with units priced at $260K and $2745K. Here are all the Cliffs unit currently on the market:
Copyright 6/21/2009 by Hawaii Information Service
204804 T A 374 4-5-4-5-39-33 FS $260,000 Cliffs At Princeville #2103 917 #2103 1/2
210902 T A 368 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2
207634 T A 486 4-5-4-5-39-16 FS $275,000 Cliffs At Princeville #1206 917 #1206 1/2
222233 T A 16 4-5-4-5-39-45 FS $275,000 Cliffs At Princeville #2205 917 #2205 1/2
224986 T A 5 4-5-4-5-39-72 FS $439,000 Cliffs At Princeville #3204 917 #3204 1/2
220368 T A 144 4-5-4-5-39-42 FS $495,000 Cliffs At Princeville #2202 917 #2202 1/2
208369 T A 472 4-5-4-5-39-127 FS $525,000 Cliffs At Princeville #5205 917 #5205 1/2
222323 T A 90 4-5-4-5-39-191 FS $685,000 Cliffs At Princeville #9201 963 #9201 1/2
224581 T A 10 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2
222351 T A 88 4-5-4-5-39-138 FS $750,000 Cliffs At Princeville #5308 1,186 #5308 2/2
183879 T A 1,025 4-5-4-5-39-163 FS $799,000 Cliffs At Princeville #7205 917 #7205 1/2
213606 T A 341 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
224660 T A 375 4-5-4-5-39-175 FS $995,000 Cliffs At Princeville #8201 963 #8201 1/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Emmalani Court 524 was purchased for $700K in 7/07, listed for $519K as a short sale and closed for $380K. I don’t know why this unit is showing up as a new listing with -36 days on the market. It actually came on the market back in 12/07 at $789K and just kept reducing over the years until it became a short sale with a sale price of $380K. You’ll also see this unit listed under the sales portion of this report.
Cliffs 1104, purchased for $135K in 3/01 is back on the market after expiring while listed at $489K. It is now listed at $275K and will be seen again under the price changes portion of this report.
Villas of Kamalii 44 finally went into escrow as a foreclosure listed at $678,999. The price changed this week from $679K to $678,999 and is also under the price changes. This unit was listed at least 4 or 5 time before at an effort to sell but was always in the $800K to $900K price range. It sold for $739K in 5/05 and was taken by the bank in 6/09.
Several units closed this week, starting with Villas on the Prince 27 which was purchased for $525K in 12/03, was listed for $750K and sold for $700K. Yippee, someone sold for more than they paid! Emmalani Court 325 closed for $390K yielding it’s seller no profit as it was purchased in 4/93 for $387K. The last sale is Emmalani Court 524 which was discussed under new listings.
It’s obviously a good week for Emmalani Court - Unit 525 moved from contingent to under contract status which means all contingencies have been removed and it is set to close. We should see this unit, which was purchased for $400K in 1/03 closing within the next week or two.
Hale Moi 106, listed at $450K and purchased for $485K in 10/05 expired after 429 market days. It started out at $524K but was apparently always a step or two behind the market. Cliffs 2305, which last sold for $680K in 6/06 expired while listed at $569K after 861 days on the market. This unit started at $689,500 but never reduced enough over the years to be competative.
As for price changes, first up is Cliffs 1104 which was discussed under the Back on the Market portion of this update. Hale Moi 216, purchased for $460K in 3/05 reduced from $395K to $345K. Depsite the original purchase price, this is not a short sale or a bank REO and it presents a great opportunity to purchase a completely update condo without all the short sale hassle. Ali’i Kai 14G, purchased for $583K in 8/05 reduced from $449K to $399K. Sealodge H1 made a price adjustment possibly to reflect a more desirable number, going from $399K to $399,999. Maybe all those “9’s” in the list price will bring in a buyer. This unit sold for $560K in 8/05. Mauna Kai 25 last sold for $585K in 8/07 and reduced this week from $524,500 to $494,500. Pali Ke Kua 109 is still reducing by $500 a day and is now at $812K. Villas of Kamali’i 44 was discussed under the Contingent Sales portion of this update.
Now on to your Princeville home update:
Copyright 6/21/2009 by Hawaii Information Service
NEW LISTINGS
225024 RS A 2 4-5-4-13-66 FS $1,350,000 3705 Albert Rd 10,586 sqft 2,010 4/3
225130 RS A 3 4-5-4-15-3 FS $1,395,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
225087 RS A 3 4-5-4-14-26 FS $1,625,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.5
BACK ON THE MARKET
220531 RS A 134 4-5-4-13-44 FS $880,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
CONTINGENT SALES
223822 RS C 48 4-5-4-13-6 FS $646,050 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
222745 RS C 82 4-5-4-23-35 FS $647,000 3793 Moae Pl 6,386 sqft 1,651 3/2
WITHDRAWN
215837 RS W 281 4-5-3-12-11 FS $1,595,000 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5
PRICE CHANGES
203978 RS A 577 4-5-3-11-41 FS $975,000- 4120 Aloalii Dr 9,103 sqft 2,521 3/3.5
223366 RS A 65 4-5-4-15-1 FS $499,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
224336 RS A 30 4-5-4-23-38 FS $544,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
220531 RS A 134 4-5-4-13-44 FS $880,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
206198 RS A 516 4-5-4-17-21 FS $1,095,000- 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5
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 now. I’m in Puhi house / cat sitting for friends this week and enjoying all that the Lihue area has to offer. Yesterday we took their kayak and put in at the Nawiliwili small boat harbor and went up to the end of the river then paddled around the Menehuene fish pond. Lots of fish jumping all over the place. Have a great week and don’t forget to call or email for the facts before you buy or sell.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 7th to 13th
Aloha,
Welcome to another fabulous week in Paradise. The visitors have had nothing to complain about these past few weeks as Kauai has had the kind of weather that makes people envious when they hear you live here. Our tradewinds are back and blowing full force, cooling everyone and everything. I’ve been out showing property most of this week and have enjoyed great weather no matter what part of the Island I was showing. I’ve seen just about every Princeville home on the market so if you have any questions, I’ve got answers. On to your update:
Copyright 6/14/2009 by Hawaii Information Service
NEW LISTINGS
224638 T A 4 4-5-3-6-22-76 FS $1,200,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
224825 T A 3 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
224581 T A 3 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2
CONTINGENT SALES
221737 T C 96 4-5-4-12-8-21 FS $795,000 Pali Ke Kua Ii #228 1,135 #228 2/2
SALES
212736 T S 272 4-5-4-5-16-48 FS $945,500 Alii Kai At Hanalei #5304 1,085 #5304 2/2
SOLD 6/8/2009 for $850,000 (CASH) DOM 272
EXPIRED
209599 T X 350 4-5-4-15-21-31 FS $350,000 Sandpiper Village I #131 1,042 #131 2/2
194640 T X 708 4-5-4-12-9-27 FS $805,000 Pali Ke Kua Iii #237 1,135 #237 2/2
PRICE CHANGES
220078 T A 142 4-5-4-5-3-19 FS $239,000- Princeville Paniolo #204 1,058 #204 1/2
223363 T A 57 4-5-4-5-4-5 FS $270,000- Kaeo Kai Ph I #5A 1,503 #5A 2/2
222149 T A 94 4-5-4-5-18-1 FS $325,000- Puamana #1A 1,312 #1A 2/2
221962 T A 97 4-5-4-5-18-30 FS $399,900- Puamana #8C 1,532 #8C 2/2
218864 T A 186 4-5-4-5-23-11 FS $659,000- Plantation At Princeville #321 1,318 #321 3/3
218310 T A 146 4-5-4-12-5-9 FS $815,500- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
212982 T A 348 4-5-4-5-16-28 FS $875,000- Alii Kai At Hanalei #4104 1,086 #4104 2/2
216008 T A 261 4-5-4-12-11-47 FS $1,500,000+ Puu Poa #405 1,800 #405 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s been a pretty quiet week when it comes to condos with just a few new ones and some minimal activity. The first new listing is a resale Ka’iulani listed for $1.2M. This is the first time on the market for this unit which was purchased for $900,500 on 4/07. Next up is Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 and listed for $359K. Cliffs 8306 is the last new listing, with a sale price of $699K and a purchase price of $430K in 11/03. This is also a leasehold unit.
Pali Ke Kua 228, listed for $795K and purchased as a leasehold unit in 5/93 for $165K went into escrow this week. It was converted to fee simple in 12/99 for $48,300. I’m happy to say this seller will probably have a good capital gain on this property. The seller of Ali’i Kai 5304 is also probably happy, having sold this unit for $850K this week. It was purchased for $135K in 1/87.
Both Sandpiper 131 and Pali Ke Kua 237 were withdrawn from the market. Sandpiper was listed for $350K and last sold for $110K in 4/10. Pali Ke Kua 237 was listed for $805K and last sold for $750K in 2/05.
We had several price reductions and one price increase this week. Paniolo 204 reduced from $259K to $239K and was purchased for $337,500 in 6/04. Ka’eo Kai 5A, a bank foreclosure, reduced from $299,900 to $270K. This condo last sold for $200K in 8/02. Puamana 1A get the reduction of the week award, going from $410K to $325K as a short sale. This unit last sold in 7/01 for $137K. Puamana 8C, purchased for $95K as a leasehold unit in 7/88 and converted to fee simple on 5/00 for $37,500 reduced from $416,900 to $399,800. Plantation 321 went from $699K to $659K and last sold for $435K in 7/05. Pali Ke Kua 109 continued to reduce by $500 a day and is now at $815,500. Ali’i Kai 4101, purchased for $950K in 8/05 reduced from $925K to $875K. Pu’u Po’a 405 is the only increase this week moving from $1.295K to $1.5M. This unit last sold for $430K in 1/00.
On to your Princeville home update:
Copyright 6/14/2009 by Hawaii Information Service
NEW LISTINGS
224881 RS A 2 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/3.5
224775 RS A 3 4-5-3-12-4 FS $1,995,000 4035 Aloalii Dr 9,415 sqft 3,407 3/3
224805 RS A 6 4-5-4-23-46 FS $599,000 3785 Moae Pl 6,894 sqft 1,199 2/2
224854 RS A 2 4-5-4-19-19 FS $814,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
224783 RS A 6 4-5-4-13-37 FS $1,875,000 3584 Kaweonui Rd 14,685 sqft 3,500 4/3.5
CONTINGENT SALES
222919 RS C 72 4-5-4-17-2 FS $717,500 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5
TEMPORARILY WITHDRAWN
220531 RS T 128 4-5-4-13-44 FS $949,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
PRICE CHANGES
223822 RS A 41 4-5-4-13-6 FS $646,050- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
214254 RS A 319 4-5-4-18-20 FS $995,000- 4173 Kalani Pl 10,630 sqft 3,464 4/3.5
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 buying or selling, please don’t hesitate to call or email for the facts. That’s why I’m here. Have a great week.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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!
May 2009 Market Statistics
Aloha,
Welcome to your May Market Statistics for 2009. This past May there were a total of 37 sales compared to 48 in May 08. Year to date we are down 95 transactions, with 169 year to date 09 compared to 264 year to date May 08. Over the last few years, the most active May was 06 with 167 sales, followed by 151 in May 05.
Of the sales this past month, 15 were residential, 9 land and 13 were condos. 4 homes sold in the Koloa and Hanalei zones, with 3 in Lihue and 2 each in both the Waimea and Kawaihau zones. The Hanalei zone led the Island in condos sales this month with 7 transactions. As you know, the Hanalei zone goes from Kilauea to Ha’ena which includes Princeville, which has numerous condo complexes. The remaining condos were sold in the Koloa area (3) Lihue (1) and Kawaihau. (2) Of the land, 6 sales took place in the Koloa zone with 3 in Kawaihau zone.
Sales volume is also down from $37M in May 08 to $22M May 09. Year to date 08 we had sales volume of $229M compared to $106M year to date 09 which represents a 53% decrease. For May 2009 there were $13M in residential sales, $4M in land sales, and $5M in condos. May 07 posted $75M in sales volume, with $102M in May 06, $94M in May 05 and $68M in May 04. Year to date past year stats are $391M in 07, $557M in 06, $448M for year to date 05 and $334M year to date May 04.
The median sales price dropped this month for residential sales from $705K in May 08 to $600K in May 09. Here are the 15 sales that produced this median sales price. Remember, the median is the midpoint and not the average:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
210130 3521 Wailani Rd 5/29/2009 $335,000
212954 298 Hie St 5/15/2009 $398,000
216797 3929 Hunakai St 5/14/2009 $400,000
221192 3609 Ahi Rd 5/12/2009 $449,500
215742 4610 Alawai Rd 5/27/2009 $450,000
220253 4266 Kalaheo Dr 5/7/2009 $525,000
218263 4163 Kalani Pl 5/11/2009 $598,000
216354 2364-C Hulemalu Rd #1 5/6/2009 $600,000
215324 5345 Honoiki Rd 5/13/2009 $690,000
219445 2560 Apapane St 5/20/2009 $705,000
219605 5681 Kaapuni Rd 5/20/2009 $870,000
220435 3680-B Lolo Rd #2 5/12/2009 $885,000
219659 5517 Wailaau Rd 5/11/2009 $1,024,000
222037 3531 Anini Rd 5/4/2009 $1,250,000
223673 5486 Weke Rd 5/21/2009 $3,650,000
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 residential sales for May 2008 that show how the median sales price of $705K was
established:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
208217 5997 Kapahi Rd 5/16/2008 $360,000
205170 7743 Ulili Rd 5/23/2008 $405,000
204694 8220 Elepaio Rd #B 5/2/2008 $425,000
203743 3-3994 Kuhio Hwy 5/30/2008 $432,000
193229 5434 Kula Mauu St 5/6/2008 $435,000
211662 4043 Hoohana St 5/21/2008 $455,000
205902 376 Kaholalele Rd 5/2/2008 $465,000
202380 6171 Koolau #1 5/23/2008 $525,000
202383 6171 Koolau #2 5/23/2008 $525,000
211907 4372 Ulua St 5/29/2008 $650,000
204152 4620 Anolani St 5/20/2008 $705,000
210683 5008 Puuwai Rd 5/30/2008 $775,000
199128 5631 Ohelo Rd 5/13/2008 $775,000
207197 7771 Koolau Rd. #1 5/23/2008 $845,000
208282 5070 Kamamalu Loop 5/15/2008 $850,000
197612 4443 Kai Ikena Dr #2 5/28/2008 $860,000
197977 4892 Cr Kaui Rd/pepelani 5/15/2008 $905,000
190069 3660 Kakela Makai Dr 5/30/2008 $925,000
204795 4742 Aliomanu Rd 5/30/2008 $1,275,000
187278 Kalalea View Drive 5/21/2008 $1,800,000
210752 5494 Weke Rd 5/1/2008 $4,200,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Land held pretty steady in May with 09 median sales price of $350K compared to a median sales price of $377,500 in May 08. Condos fell dramatically from a median of $610K in May 08 compared to $330K in May 09. Here are the sales that created the $610K median sales price:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
188223 Halelani Village At Puhi Ph I #C206 5/27/2008 $165,000
196332 Villas Of Kamalii #42 5/15/2008 $230,000
205071 Halelani Village At Puhi Ph Ic #X103 5/23/2008 $243,000
204941 Banyan Harbor #56 5/1/2008 $305,000
209885 Prince Kuhio #137 5/30/2008 $389,000
209158 Sandpiper Village I #216 5/2/2008 $391,000
207850 Makahuena #I302 5/28/2008 $533,975
208510 Regency Huleia #47 5/12/2008 $565,000
208232 Regency Huleia #70 5/2/2008 $589,000
211188 Puamana #14D 5/30/2008 $610,000
199987 Villas Of Kamalii #35 5/30/2008 $665,000
207174 Sealodge Ii #J6 5/14/2008 $695,000
151413 Kaiulani Of Princeville #58 5/19/2008 $876,400
209316 Nihi Kai Villas #521 5/9/2008 $895,000
152054 Kaiulani Of Princeville #62 5/30/2008 $989,390
209676 Hanalei Bay Resort #J22 5/30/2008 $1,000,000
152053 Kaiulani Of Princeville #60 5/30/2008 $1,075,990
205964 Puu Poa #105 5/14/2008 $1,475,000
152075 Kaiulani Of Princeville #5 5/2/2008 $1,765,990
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 stats for the 2009 May median sales price of $330K:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
220213 Islander On The Beach #142 5/29/2009 $95,000
220211 Islander On The Beach #143 5/29/2009 $95,000
206513 Sun Village-kauai #C404 5/18/2009 $180,000
217211 Cliffs At Princeville #2109 5/29/2009 $275,000
221838 Makahuena #IIC104 5/11/2009 $305,000
219814 Kalaheo Pali Kai #61 5/11/2009 $320,000
222630 Emmalani Court #323 5/22/2009 $330,000
221489 Alii Kai At Hanalei #2201 5/6/2009 $420,000
222621 Emmalani Court #225 5/15/2009 $440,000
222697 Villas On The Prince #3 5/15/2009 $576,900
223690 Nihilani At Princeville Resort #33C 5/8/2009 $640,000
221272 Nihilani At Princeville Resort #34C 5/14/2009 $650,000
223167 Kiahuna Ph I #27 5/22/2009 $725,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Before you get all excited and think there are actually condos for sale on Kauai for $95K, I want you to know that these are hotel room conversions. In other words, you are buying a renovated hotel room with no kitchen and about 300+ square feet in a resort setting for that price. As for Sun Village at $180K, that is a leasehold development for those 55 and older only. For the complete May 2009 statistics, please click here to go to my website where they are posted. As always, I’m here for you with the facts. Just call or email.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 May 31st to June 6th
Aloha,
If you were on Island this Sunday you may have gone to the Taste of Hawaii, an annual fundraiser for the Kapaa Rotary. They’ve been doing the “Taste” for as long as I can remember and it’s become an event not to be missed if you love good food, great entertainment and a good time. Check it out next year if you’ve never been there. The weather even cooled off a bit for the event with intermittent light showers which surely brought relief as it’s held outside at the Smith Tropical Garden in Kapaa. On to your update:
Copyright 6/7/2009 by Hawaii Information Service
NEW LISTINGS
222233 T A 2 4-5-4-5-39-45 FS $275,000 Cliffs At Princeville #2205 917 #2205 1/2
224662 T A 3 4-5-4-5-24-46 FS $575,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
224756 T A 2 4-5-4-6-1-29 FS $839,000 Villas Of Kamalii #29 1,825 #29 3/3
UNDER CONTRACT
220199 T U 131 4-5-4-5-13-4 FS $289,900 Kamahana #4 1,145 #4 2/2
EXPIRED
212117 T X 364 4-5-4-5-39-175 FS $995,000 Cliffs At Princeville #8201 963 #8201 1/2
WITHDRAWN
216801 T W 57 4-5-4-12-9-28 LH $252,000 Pali Ke Kua Iii #238 993 #238 1/1.5
PRICE CHANGES
223402 T A 48 4-5-3-11-1-30 FS $699,995- Villas On The Prince #30 1,732 #30 3/3
208801 T A 425 4-5-4-11-3-84 FS $329,000- Hanalei Bay Resort #N22 867 #N22 1/2
220906 T A 121 4-5-4-5-23-21 FS $505,000- Plantation At Princeville #611 1,153 #611 2/2
209200 T A 438 4-5-4-5-7-5 FS $597,000- Princeville Sealodge #A5 564 #A5 1/1
218310 T A 139 4-5-4-12-5-9 FS $819,000- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Cliffs 2205 is new on the market at $275K with a purchase price of $425K in 10/06. Great pricing for this unit and it should go quickly if there’s someone out there looking for a Cliffs unit. Did I mention that the Cliffs’ new pool, complete with waterfalls and other water features, is finally completed and open? What a great job they did! If you’re remotely thinking about a Cliffs condo come and see the added value the pool gives to the resort. Yes, I do live at the Cliffs and although I don’t have much time to take advantage of the many amenities, they certainly have plenty to do here right on site. Next up is a Nihilani resale on unit 16, listed at $575K and purchased from the developer in 5/06 for $603,600. This is the smallest model Nihilani offered, the 2 bedroom, 2 bath Moana floor plan and is listed at only $25K less than what many of the 3 bedroom 2.5 bedroom townhouse units have sold for recently. It was previously listed for 2/07 to 8/07 starting at $668K and dropping to $639K before it was withdrawn. Our last listing is also a “repeat,” Villas of Kamali’i 29 which sold for $750K in 6/05. Previously listed from 2/08 to 2/09 with a start price of $925K and an end price of $855K when it was withdrawn, it is now listed for $839K. This is a pretty unit located at the far end of the complex offering quite a bit of privacy. Sold furnished, this unit is done tastefully and carefully so as to provide a very tranquil and relaxing environment.
Kamahana 4, a bank REO went under contract this week. Purchased for $499K in 9/05, it was taken by the bank on 2/09 and placed on the market at $354,900, reducing to the current price of $289,900 on 5/4. That’s the only sales activity for this week.
Cliffs 8201, the highest selling Cliff’s condo I’m aware of expired listed at $995K. It sold for an unbelievable $1.075M on 4/06 and came on the market 364 days ago at $1.495M. I guess the seller of Pali Ke Kua 238 finally gave up on selling their leasehold unit for $252K as it was withdrawn this week. This condo sold for $369K in 5/04 and was on the market over 862 days, from 3/06 to 10/08 when it was withdrawn. It started at $699K, reducing to $335K during the life of the listing. The issue with this unit is that it’s leasehold with a leasehold fee (monthly) of $795K and monthly HOA fees of $585K. Throw in the taxes at slightly $4892 annually, add in insurance and utilities and even those optimistic buyers looking to break even or have a positive cash flow on a purchase would have a hard time doing it with this unit. It was a short sale and may show up in the future as a foreclosure. We’ll see.
Price changes are the next order of business starting with Villas on the Prince 30 which went from $719,500 to $699,995. Purchased for $565K in 3/04 this unit has been listed at least 5 times with different agents, with a list price of $1.149M at one point in time. It was listed for $935K in 1/07 and for $795 in 10/08. With this new reduction it seems the sellers are finally coming in line with the market. Hanalei Bay Resort N22 reducing again this week from $339K to $329K. This unit sold for $469,900 in 10/06. Plantation 611, purchased for $630K in 10/06 reduced from $559K to $505K. Sealodge A5, purchased for $225,500 in 7/01, gets the award for price changes this week, going from $677K to $597K. Let’s see if that helps it to attract a buyer. And last but not least, we still have Pali Ke Kua 109 which is reducing by $500 a day, which, as of this report, is now listed at $819K.
Here is your Princeville home update for this past week:
Copyright 6/7/2009 by Hawaii Information Service
NEW LISTINGS
224597 RS A 3 4-5-3-12-27 FS $1,495,000 3962 Aloalii Dr 8,327 sqft 3,290 2/3
BACK ON THE MARKET
222510 RS A 52 4-5-4-23-76 FS $750,000 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5
220108 RS A 134 4-5-4-16-19 FS $770,000 4064 Kaa’humanu Pl 12,058 sqft 2,274 3/2
223132 RS A 26 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2
CONTINGENT SALES
212844 RS C 351 4-5-4-22-5 FS $639,000 4077 Cr Pauahi Pl/nalani 10,270 sqft 2,169 4/2
EXPIRED
WITHDRAWN
220705 RS W 122 4-5-4-19-19 FS $825,900 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
PRICE CHANGES
224336 RS A 16 4-5-4-23-38 FS $545,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
223132 RS A 26 4-5-4-16-71 FS $779,000- 4381 Emmalani Dr 12,127 sqft 1,170 2/2
214254 RS A 312 4-5-4-18-20 FS $1,275,000- 4173 Kalani Pl 10,630 sqft 3,464 4/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s a little quiet now as school lets out and parent’s gear up for summer vacation. Like everywhere else, summertime is the prime buying period and I expect, with all the great pricing and abundance of inventory, we’ll see some movement within the next few months. If you have any questions or just want the facts, you know who to call or email. Have a great week!
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 May 24th to 30th
Aloha,
It’s been yet another gorgeous week here in Paradise. We lost our trades for awhile but fortunately they’re back keeping us cool. Along with the great weather there’s been an increase in buyers out there looking. I’ve had more showings of my listings as well as showing properties to my clients. We even had three units go into escrow this week. Read on to your update for this past week:
Copyright 5/30/2009 by Hawaii Information Service
NEW LISTINGS
224335 T A 4 4-5-4-15-21-11 FS $299,000 Sandpiper Village I #111 1,042 #111 2/2
224493 T A 2 4-5-4-12-3-9 FS $955,000 Hanalei Bay Villas #9 1,244 #9 2/2.5
BACK ON THE MARKET
211499 SH A 368 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211496 SH A 368 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
196334 SH A 736 4-5-4-6-1-42 FS $250,000 Villas Of Kamalii #42 1,825 #42 3/3
211500 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211498 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211497 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211495 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
196328 SH A 736 4-5-4-6-1-42 FS $265,000 Villas Of Kamalii #42 1,825 #42 3/3
222635 T A 22 4-5-4-5-12-19 FS $498,000 Sealodge Ii #H1 556 #H1 1/1
CONTINGENT SALES
221227 T C 97 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
221018 T C 105 4-5-4-5-12-28 FS $615,000 Sealodge Ii #J1 754 #J-1 2/2
210693 T C 376 4-5-4-5-24-28 FS $650,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
SALES
217211 T S 164 4-5-4-5-39-39 FS $325,000 Cliffs At Princeville #2109 917 #2109 1/2
SOLD 5/29/2009 for $275,000 (CASH) DOM 164
WITHDRAWN
223999 T W 200 4-5-4-11-3-95 FS $569,000 Hanalei Bay Resort #P13 867 #1105/6 1/2
223273 T W 41 4-5-4-5-7-38 FS $997,000 Princeville Sealodge #D9 570 #D9 1/1
TEMPORARILY WITHDRAWN
209599 T T 350 4-5-4-15-21-31 FS $350,000 Sandpiper Village I #131 1,042 #131 2/2
PRICE CHANGES
221121 T A 107 4-5-4-5-3-3 FS $209,900- Princeville Paniolo #103 1,058 #103 1/2
207634 T A 464 4-5-4-5-39-16 FS $275,000- Cliffs At Princeville #1206 917 #1206 1/2
208801 T A 417 4-5-4-11-3-84 FS $339,000- Hanalei Bay Resort #N22 867 #N22 1/2
222635 T A 22 4-5-4-5-12-19 FS $498,000- Sealodge Ii #H1 556 #H1 1/1
214427 T A 299 4-5-4-5-17-23 FS $499,000- Alii Kai Ii Hanalei #10G 1,037 #10G 2/2
214768 T A 290 4-5-4-5-12-35 FS $625,000- Sealodge Ii #J8 743 #J8 2/2
218310 T A 131 4-5-4-12-5-9 FS $840,400- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
210693 T C 376 4-5-4-5-24-28 FS $650,000- Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
There are two new listings this week starting with Sandpiper 111 at $299K. This is the first time we’ve seen a Sandpiper drop down into the $200’s. It was purchased in 2/03 for $215K. Also new this week is Hanalei Bay Villa 9, which sold very recently for $855K on 12/08. Even though the remarks describe how upgraded this unit is, it does not appear that it has been upgraded since it was purchased in December as evidenced by the fact that the current listing uses the exact same 10 photos that were used when the property sold previously. It is listed this time for a hefty $955K which is a $100K increase from December.
The fractional shares of Villas of Kamali’i 20, which expired last week are back on the market along wtih Sealodge H1 which had been temporarily taken off the market. Kamali’i sold for $845K in 6/08 and Sealodge sold for $560K in 8/05.
Panilolo 202 is back in escrow after coming back on the market due to falling out of escrow on 5/20. Let’s hope it stays in escrow this time. Sealodge J1 also went into escrow listed at $615K after 105 days on the market. This unit was previously listed from 6/08 to 1/09 starting at $729K and reducing to $615K on 12/24/08. It expired while listed at $615K but has obviously fared better this time listed at the same price. The Nihilani developer keeps plugging along selling their units with yet another one going into escrow this week. Unit 10A went into escrow listed at $650K and will undoubtedly close at the same price.
Cliffs 2109 closed this week at $275K with a list price of $325K which is a 15% price decrease. This unit sold for $183K in 11/02. The sale of this unit proves you can still make money in real estate if you do it the old fashioned way which was to hold on to it for more than 20 seconds!
Hanalei Bay Resort 1105/06, purchased for $495K in 12/07 and listed for $569K and Sealodge D9 listed for $997K were both withdrawn. Sandpiper 131, which sold for $110K in 4/01 was temporarily withdrawn listed at $350K.
Paniolo 103 is the first price change, going from $239,900 to $209,900. This unit was taken over by the bank on 1/09 but sold previously for $410K in 4/01. Cliffs 1206, purchased for $520K in 9/05 reduced from $310K to $275K. Hanalei Bay Resort N22 went from $349K to $339K and last sold in 1/06 for $469,900. Sealodge H1, purchased for $560K in 8/05 reduced from $509K to $498K. Ali’i Kai 10G, which sold for $129,500 in 6/89, made a very nice price reduction from $599K to $499K. Sealodge J8, which sold for $323K in 10/01, also made a healthy reduction from $728K to $625K. Pali Ke Kua 109 continues with it’s $500 daily reduction and is at $839,400 as of the date of this update. Nihilani 10A, which went into escrow this week, came down from it’s previously too high price of $765K to $650K as it went into escrow.
Here is your Princeville home update for this past week:
Copyright 5/30/2009 by Hawaii Information Service
NEW LISTINGS
224065 RS A 5 4-5-4-9-62 FS $849,000 5371 Honoiki Rd 16,710 sqft 1,410 3/3
224404 RS A 3 4-5-4-14-4 FS $1,115,000 3792 Keli’i Pl 10,481 sqft 2,523 3/2.5
224455 RS A 3 4-5-4-16-20 FS $1,400,000 4066 Kaahumanu Pl 11,857 sqft 3,424 3/3
WITHDRAWN
214181 RS W 293 4-5-4-24-12 FS $1,295,000 4246 Waileia Pl 11,741 sqft 3,006 4/3
PRICE CHANGES
223366 RS A 43 4-5-4-15-1 FS $511,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
210765 RS A 389 4-5-4-23-24 FS $685,000- 3807 Makani Kai Pl 10,386 sqft 1,535 3/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I mentioned seeing a green flash last week while watching the setting sun. Has anyone else been fortunate enough to see one? Not every night affords a green flash opportunity as there are often clouds along the horizon, as seen in the photos below of a sunset from over the weekend.
Have a great week and don’t forget to call or email if you want the facts before you buy or sell.
Aloha Elaine
Going….
Clouds on the horizon..
Close up of clouds on the horizon.
Going going
Gone! The end of another perfect day in Paradise.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 May 17th to 23rd
Aloha,
Hope you are all enjoying a fun filled Memorial Day weekend. Since the Hanalei Beaches were just voted #1 in the US by Dr. Beach, I decided it would be a good place to work on my tan. Fortunately the weather is cooperating with bright blue skies and plenty of sun. I was even treated to the Green Flash tonight when the sun went down. You don’t always get to see this phenomenon… as there’s often a small line of clouds on the horizon line that prevent you from seeing the sun as it disappears into the ocean. That’s when you see the flash …. just as the sun slips into the water. There’s plenty of controversy and information as to what causes a green flash. I’m not all that interested in the scientific reason but I am delighted each time I am privileged to witness one. Check it out the next time you’re here.
Here is your update for this past week:
Copyright 5/23/2009 by Hawaii Information Service
NEW LISTINGS
224267 T A 2 4-5-4-12-9-19 FS $765,000 Pali Ke Kua Iii #141 1,148 #141 2/2
BACK ON THE MARKET
221227 T A 90 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
208801 T A 410 4-5-4-11-3-84 FS $349,000 Hanalei Bay Resort #N22 867 #N22 1/2
CONTINGENT SALES
209062 T C 424 4-5-4-5-24-51 FS $695,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.5
222524 T C 59 4-5-4-12-11-53 FS $1,500,000 Puu Poa #411 1,777 #411 2/2
SALES
222630 T S 7 4-5-4-12-10-20 FS $330,000 Emmalani Court #323 952 #323 1/2
SOLD 5/22/2009 for $330,000 (CNV) DOM 7
EXPIRED
211499 SH X 363 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211496 SH X 363 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211500 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211498 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211497 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211495 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
218092 T X 180 4-5-4-5-3-15 FS $650,000 Princeville Paniolo #115 1,058 #115 1/2
WITHDRAWN
214373 T W 290 4-5-4-5-23-58 FS $575,000 Plantation At Princeville #1512 1,153 #1512 2/2
210693 T W 375 4-5-4-5-24-28 FS $765,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
PRICE CHANGES
223402 T A 33 4-5-3-11-1-30 FS $719,500- Villas On The Prince #30 1,732 #30 3/3
223363 T A 35 4-5-4-5-4-5 FS $299,900- Kaeo Kai Ph I #5A 1,503 #5A 2/2
208801 T A 410 4-5-4-11-3-84 FS $349,000- Hanalei Bay Resort #N22 867 #N22 1/2
208900 T A 419 4-5-4-5-4-12 FS $497,000- Ka’eo Kai Ph I #2B 2,100 #2B 3/3
222926 T A 45 4-5-4-5-24-66 FS $569,000- Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5
218310 T A 124 4-5-4-12-5-9 FS $843,900- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Pali Ke Kua 141 is the only new listing this week. This unit was purchased in 4/99 for $205K and has been completely renovated within the past year. Instead of the usual white kitchen cabinets with formica countertops, this unit has richly stained maple cabinets with granite slab countertops, stainless steel appliances, new bathrooms with travertine vanity tops, travertine floors and completely new showers / tubs. Bamboo floors make for easy care plus you have a nice ocean view from throughout the unit as well as the master suite. You’ve probably guessed by now that this unit, priced at $765K is my new listing!
Two units are back on the market: Paniolo 202, listed for $235K unfortunately fell out of escrow and is back on the market. This unit sold for $120K in 5/94 as a leasehold then converted for fee simple in 11/94 for $27K. Hanalei Bay Resort N22, purchased in 1/06 for $469,900 is back on active status after being withdrawn on 5/6/09. It cames back on the market reduced from $398,500 to $349K as you’ll see under the price changes portion of this update.
Two properties went into escrow: Nihilani 17C, listed for $695K and purchased in 8/06 for $822,870 and Puu Poa 411, listed at $1.5M and purchased in 6/97 for $320K. Nice to see some activlity in the market. Emmalani Court 323, purchased for $275K in 4/93 barely earned the seller any gain as it closed for $330K this past week. Unbelievable.
All six fractional shares of Villas of Kamali’i 20, purchased for $845K in 6/08 expired while listed from $250K to $265K. Paniolo 115, listed at $650K also expired. This unit sold for $550K in 6/06. If you’re wondering why this unit is so much more money than the other Paniolo’s it’s because it is one of the few free standing cottages in the complex.
Plantation 1512, purchased for $520,402 and listed for $575K was withdrawn after 290 days on the market. I guess they didn’t want to reduce down to the point of a capital loss. One of the developer’s Nihilani unit’s, 10A, listed at $765K was also withdrawn.
Of course, we have our price changes this week, starting with Villas on the Prince 30. Purchased for $565K in 3/04, this unit reduced from $729,500 to 719,500. Ka E’o Kai 5A, which sold for $200K in 8/02 reduced from $319,900 to $299,900. Hanalei Bay Resort N22, which was also listed under back on the market, reduced from $398,500 to $349K. Ka E’o Kai 2B, had a nice $100K drop from $597K to $497K. They definitely get the price drop award this week. This unit sold for $240K in 4/01. Nihilani 22C, a resale which reduced from $599K to $569K originally sold in 11/06 for $848,950. As usual our last unit is Pali Ke Kua 109 which is still reducing by $500 a day, now listed at $843,900.
Here is your Princeville house outdate:
Copyright 5/23/2009 by Hawaii Information Service
NEW LISTINGS
224336 RS A 1 4-5-4-23-38 FS $575,000 3812 Iluna Pl 6,895 sqft 1,310 3/2
224321 RS A 2 4-5-4-18-50 FS $1,350,000 4571 Emmalani Dr 10,645 sqft 3,680 3/3.5
CONTINGENT SALES
220820 RS C 95 4-5-4-13-40 FS $995,000 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5
WITHDRAWN
222312 RS W 62 4-5-3-11-32 FS $1,450,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.5
PRICE CHANGES
223364 RS A 36 4-5-4-20-31 FS $849,500+ 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3
221587 SH A 85 4-5-4-9-49 FS $1,275,000- 5289 Pokii Ln 20,868 sqft 3,510 4/4
212538 RS A 341 4-5-4-17-9 FS $2,198,000- 4881 Emmalani Dr 10,852 sqft 3,510 3/4
221684 RS A 85 4-5-4-9-49 FS $2,495,000- 5289 Pokii Ln 20,868 sqft 3,510 4/4
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Enjoy your holiday weekend and watch for the green flash! Don’t forget to call or email before you buy or sell.
Aloha Elaine
“Bics” relaxing after a ride.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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!
We always knew Hanalei Beach is THE BEST!
Aloha,
It comes as no surprise to those of us who enjoy Hanalei Bay and the adjacent beaches on a daily basis : Dr. Beach voted Hanalei Beach as the best in the US! This is from today’s Yahoo news page
————————————
‘Dr. Beach’ picks Hanalei Bay nation’s No. 1 beach
By JAYMES SONG, Associated Press Writer Jaymes Song, Associated Press Writer
Fri May 22, 7:12 am ET
HANALEI, Hawaii – If life is a beach, Hanalei Bay must be heaven. This remote, two-mile crescent-shaped beach on Kauai where the emerald mountains meet the sparkling sea was selected No. 1 on “Dr. Beach” Stephen P. Leatherman’s 2009 list of top 10 beaches, which was released Friday. Hanalei beat out other shores stretching from San Diego to Cape Cod.
“The sheer beauty of Hanalei Bay is breathtaking,” said Leatherman, director of Florida International University’s Laboratory for Coastal Research. “It’s really an idyllic setting.”
Hanalei features postcard views from every angle and is untouched by the feverish development that has transformed the coastlines of other islands. It’s cherished by both locals and tourists as the perfect spot to swim, surf, snorkel or simply escape and unwind.
“It’s just gorgeous,” said Annie Meredith, who regularly surfs in the bay. “You’ve got green mountains, white sand, blue ocean — that’s kind of hard to beat.”
The runner-up on Leatherman’s list was Siesta Beach in Sarasota, Fla., followed by Coopers Beach in Southampton, N.Y., on Long Island; Coronado Beach in San Diego; Hamoa Beach in Maui, Hawaii; Main Beach in East Hampton, N.Y., on Long Island; Cape Hatteras in Outer Banks, N.C.; Cape Florida State Park in Key Biscayne, Fla.; Coast Guard Beach on Cape Cod, Mass.; and Beachwalker Park on Kiawah Island, S.C.
Leatherman based his selections on 50 criteria, including water quality and temperature, cleanliness, weather, sand, safety and facilities. And Hanalei is his personal favorite “getaway beach” in Hawaii.
“If I want to get away from it all and forget about the rest of the world, Hanalei is about the best place to go, as far as I know,” he said.
Hanalei is located on Kauai’s North Shore around the corner from the Napali Coast, the most stunning corner of the state. One side offers lush valleys, dramatic waterfalls and sculpted mountains with peaks that rise 4,000 feet. On the other is the Pacific, where dolphins and sea turtles can be seen.
The big attraction here is that it’s not a big attraction. Unlike in the high-rise jungle of Waikiki, where thousands of glowing-pale tourists sprawl across the sand like eggs in a carton, there’s plenty of breathing room in secluded Hanalei.
Newlyweds Dirk and Courtney McNealy, of Gainesville, Fla., noticed that there were only about 50 people along the entire two miles of beach on a recent weekday.
“Back in Florida, it seems there’s 50 people in a 10-foot stretch,” Courtney McNealy said.
The McNealys chose the so-called Garden Island for their honeymoon because they wanted a peaceful retreat.
“The water is nice. The sand is nice,” Courtney McNealy said. “It’s really beautiful.”
Duane Kutsch, of Richland, Wash., said he enjoyed the slower pace and the space.
“It doesn’t seem so big and commercial like Oahu,” he said. “Oahu to me feels like Chicago, a huge city on the edge of the water. This still has a hometown feel to it.”
The flight to Kauai from Honolulu takes less than a half hour. The 30-mile drive from Lihue Airport to Hanalei, however, takes nearly an hour along two-lane Kuhio Highway. The roadway eventually runs down the mountainside and crosses a one-lane bridge before entering the tiny town of Hanalei.
Egos, shoes and watches should be checked at the bridge. No one’s in a hurry in this ultra-mellow community.
The village is a throwback to old Hawaii. There are sprawling plots of taro, which is used to produce poi, a staple in the Hawaiian diet. Neighborhood kids sell fresh leis on the corner. Gift shops, art galleries, surf stores and casual restaurants line the main drag.
“Most of us who live in the city are used to the hustle and bustle. This is anything but that,” Leatherman said. “It’s about as laid-back as you can get.”
In the winter, swells and rip currents pick up in the bay and lifeguards are kept busy. Hanalei and surrounding areas have several top surf breaks. This is where three-time surfing world champion Andy Irons lives and honed his skills.
Even when the surf is up, parts of the bay are protected by an outer reef, so people can still swim safely. However, visitors should be aware of conditions and posted signs and check with lifeguards.
“Because of the beauty, it’s deceiving,” said Mark McKamey, who has been a lifeguard in the area for 17 years. “It’s paradise so it gives them a false sense of security.”
In the summer, the waters flatten out. Locals can be seen throw-net fishing, catching opelu and akule, a Native Hawaiian tradition.
“There’s a good vibe overall,” said McKamey.
There are three parks within the bay: Black Pot, Hanalei Pavilion and Waioli. Several surfing schools offer two-hour sessions for $50-$60 and rent gear.
Nestled between two rivers, Hanalei is the largest bay on the island of Kauai.
Leatherman said one of his favorite views of the bay is from The St. Regis Princeville Resort, located on the bluff. The 252-room hotel reopens in October after nearly a year of renovations.
Hanalei first gained fame when the hit musical “South Pacific” was filmed here five decades ago, and it hasn’t changed much. The sailors sang “There Is Nothin’ Like a Dame” at the bay, while neighboring Lumahai Beach is where Mitzi Gaynor made famous “I’m Gonna Wash That Man Right Outa My Hair.”
More recently, the North Shore served as the backdrop in films from “Raiders of the Lost Ark” to “Tropic Thunder,” which starred part-time local resident Ben Stiller, one of many celebrities who vacation or live here.
Ranked No. 2 in 2008, Hanalei will now be retired from the Dr. Beach’s list. Its selection returns the top spot to Hawaii, which has won 12 times since Leatherman started the list in 1991. Florida beaches have been named tops six times, including last year with Caladesi Island. North Carolina won once. California placed No. 4 this year with Coronado Beach but has never claimed the top spot.
___
On the Net:
Dr. Beach’s Top 10: http://www.drbeach.org
___
Here are the winners going back to 1991 of Florida International University professor Stephen P. Leatherman’s annual Best Beach award. Winners are retired from later lists.
2009 — Hanalei Bay, Kauai, Hawaii
2008 — Caladesi Island State Park, Dunedin, Fla.
2007 — Ocracoke Lifeguarded Beach, Outer Banks, N.C.
2006 — Fleming Beach Park, Maui, Hawaii
2005 — Fort DeSoto Park — North Beach, St. Petersburg, Fla.
2004 — Hanauma Bay, Oahu, Hawaii
2003 — Kaanapali, Maui, Hawaii
2002 — St. Joseph Peninsula State Park, Port St. Joe, Fla.
2001 — Poipu Beach Park, Kauai, Hawaii
2000 — Mauna Kea Beach, Hawaii
1999 — Wailea Beach, Maui, Hawaii
1998 — Kailua Beach Park, Oahu Hawaii
1997 — Hulopoe, Lanai, Hawaii
1996 — Lanikai Beach, Oahu, Hawaii
1995 — St. Andrews State Park, Panama City, Fla.
1994 — Grayton Beach State Park, Santa Rosa Beach, Fla.
1993 — Hapuna, Hawaii
1992 — Bahia Honda, Big Pine Key, Fla.
1991 — Kapalua Bay Beach, Maui, Hawaii
—————————————–
All I can say is: Come see for yourself!
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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 May 10th to 16th
Aloha,
It was another beautiful week although we finally got the cold front along with the rain that’s been promised since Friday. It started out sunny but quickly clouded over then the rain started blowing in off the ocean. It’s fun to watch it come in– You see rhose who are walking to or from their cars in the parking lot suddenly look up and break into a sprint when they realize what they’re looking at is a wall of water headed their way. Sometimes it just passes over in waves and other times it comes in and stays.
I’d say the market is holding steady as you’ll see from the 3 closings reported in the update along wth the short sale that finally went into escrow. Here is your update for this past week:
Copyright 5/17/2009 by Hawaii Information Service
NEW LISTINGS
223902 T A 2 4-5-4-5-16-45 FS $775,000 Alii Kai At Hanalei #5301 1,086 #5301 2/2
BACK ON THE MARKET
211272 T A 365 4-5-4-5-16-35 FS $860,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2
CONTINGENT SALES
204435 T C 526 4-5-4-12-10-41 FS $519,000 Emmalani Court #524 1,192 #524 2/2
SALES
222697 T S 4 4-5-3-11-1-3 FS $576,900 Villas On The Prince #3 1,737 #3 3/3
SOLD 5/15/2009 for $576,900 (CNV) DOM 4
222621 T S 26 4-5-4-12-10-12 FS $449,000 Emmalani Court #225 1,456 #225 2/2
SOLD 5/15/2009 for $440,000 (CASH) DOM 26
221272 T S 35 4-5-4-5-24-102 FS $650,000 Nihilani At Princeville Resort #34C 1,972 #34C 3/3
SOLD 5/14/2009 for $650,000 (CNV) DOM 35
UNDER CONTRACT
212736 T U 272 4-5-4-5-16-48 FS $945,500 Alii Kai At Hanalei #5304 1,085 #5304 2/2
EXPIRED
211258 T X 163 4-5-4-5-3-19 FS $349,900 Princeville Paniolo #204 1,058 #204 1/2
PRICE CHANGES
220078 T A 114 4-5-4-5-3-19 FS $259,000- Princeville Paniolo #204 1,058 #204 1/2
214486 T A 286 4-5-4-5-18-89 FS $349,000- Puamana #24D 1,532 #24D 2/2
214607 T A 279 4-5-4-12-9-9 FS $589,000- Pali Ke Kua #13 1,135 #13 2/2
223314 T A 29 4-5-4-6-1-44 FS $679,000- Villas Of Kamalii #44 1,825 #44 3/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Just one new listing this week which is Ali’i Kai 5301 listed for $775K and unfortunately purchased for $977K in 4/07! No surprise that it’s a short sale. Ali’i Kai 4303 is back on the market listed at $860K after expiring. This unit was purchased for $490K in 12/03. Emmalani Court 524, a short sale listed at $519K and purchased for $700K in 7/07 finally went into escrow after 526 market days. The problem with short sales is you have no idea how long it will take to get acceptance from the lender. Typically, you can usually count on at least 2 to 4 months!
Villas on the Prince 3, a bank REO listed at $576,900 closed for that amount after only 4 days on the market. This unit was marketed extensively prior to going into foreclosure, getting as low as $695K before the bank foreclosed. This was a great buy and will certainly come back up in value over the years. Emmalani Court 225, listed for a very low $449K closed for $440K. This seller purchased in 4/93 for $397K and only made a little bit of money after all was said and done. Kudos to Brookfield for closing another of their developer units, 34C for $650K. One by one they’re getting them sold. If you are looking for a new property, these units are hard to beat.
Another Ali’i Kai is in the update, this time it’s 5304, listed for $945,500 which moved from contingent to under contract. We should see this one closing shortly. It was purchased for $135K in 1/87. Nice!
Paniolo 204 expired while listed at $349,900. This unit, purchased for $337,500 in 6/04 was initially listed on 5/12/08, then it went into escrow on 10/09/08 but was temporarily withdrawn on 10/22 when it apparently fell out. It never came back on the market under this MLS number and is now expiring out of the system.
Under price changes, you’ll see Paniolo 204 again, but with a different listing number. When the prior listing was off the market, the seller relisted it under a new MLS number in 1/09 for $299K and has now reduced it from $279K to $259K. Quite a drop from the original list price of $349,900. It is now a short sale. Puamana 24D, purchased for $268K in 9/03 reduced from $380K to $349K. Pali Ke Kua 13, which last sold for $121K in 8/96 reduced from $609K to $589K. Villas of Kamali’i, a bank foreclosure which was purchased for $739K in 5/05 was reduced from $699,900 to $679K. Our last reduction is Pali Ke Kua 109 which is still reducing by $500 a day. Currently listed at $846,500 it was purchased for $621,400 in 12/03. On to your Princeville house update:
Copyright 5/17/2009 by Hawaii Information Service
NEW LISTINGS
224096 RS A 2 4-5-4-8-22 FS $675,000 5066 Kamamalu Lp 11,580 sqft 1,446 3/2
224144 RS A 2 4-5-4-16-65 FS $1,075,000 4465 Emmalani Dr 10,896 sqft 2,122 3/2
SALES
218263 RS S 90 4-5-4-18-22 FS $598,000 4163 Kalani Pl 9,802 sqft 1,755 2/2
SOLD 5/11/2009 for $598,000 (CNV) DOM 90
215324 RS S 227 4-5-4-9-58 FS $875,000 5345 Honoiki Rd 10,005 sqft 2,572 3/3
SOLD 5/13/2009 for $690,000 (CNV) DOM 227
EXPIRED
222510 RS X 47 4-5-4-23-76 FS $750,000 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5
WITHDRAWN
210416 RS W 344 4-5-4-21-11 FS $1,175,000 3856 Kaweonui Rd 10,796 sqft 2,442 3/2.5
PRICE CHANGES
222745 RS A 47 4-5-4-23-35 FS $647,000- 3793 Moae Pl 6,386 sqft 1,651 3/2
220531 RS A 106 4-5-4-13-44 FS $949,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I keep saying there are good buys out there and I think this week’s closings make that point. 4163 Kalani Place for $598K, a short sale, originally sold for $975K in 8/06. I showed this house several times back in the day…. Kalani is a very pleasant and quiet street and this house was nicely appointed and remodeled. Although it’s only 2 bedrooms it has over 1700 sqft of living space and should have one happy buyer right now. The same can probably be said for 5345 Honoiki which was listed for $875K but closed for $690K. Sometimes you just never know what a seller will accept until you try. Honoiki, although it was built in 1973, is within walking distance to the Hanalei Bay Resort with their beautiful grounds and restaurant (when it’s open again) and has a magnificent mountain view from the upstairs master bedroom. A great buy.
That’s it for this week. Call or email if you have questions — before you buy or sell.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
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!
