Kauai January 2015 Market Statistics

Aloha from Princeville Kauai,

Jan 15 failed to meet or exceed Jan 14 sales, posting only 67 sales which is an 18% decrease from the 82 posted for Jan 14. The news isn’t quite so bad though, when you look at where the decreased sales were.

In Jan 14 there were 20 home sold compared to 33 this past Jan, so that’s good news. Condos were down slightly from 33 last Jan to 26 this Jan but land really dropped going from 28 sales to only 6 for Jan 15. So, while we did have fewer sales this past Jan, it appears the housing market is still alive and well.

Even though there were only 67 sales is it still the second highest Jan within the last 6 years. Jan 10 posted 54 sales, Jan 11 58, Jan 12 had 63 and Jan 13 posted a lowly 49.

Along with fewer sales we also had decreased sales volume, down 6% from $39M in Jan 14 to $36M this past Jan. Jan 13 posted $33M in sales, Jan 12 had $31M, Jan 11 – $38M and Jan 10 could only manage $22M in sales.

Median sales price for residential for Jan 14 was $483,750 while Jan 15 was $497K. However, the average residential sale price for Jan 14 was $728,121 while Jan 15 was slightly less at $674,889. Within the Jan 14 sales, there was one $5M sale which brought up the entire average. Without this sale the average would be $519,450. For Jan 15, most sales were under $1M with only one or two within the million dollar price range, with the high being $2,590,000. Once again, taking this property out leaves an average of $615,042 for Jan 15.

Of course, this is the Island wide average. Considering the diversity of housing, a more realistic number could be found by determining the averages within your specific area(s) of interest.

If you want to see the entire MLS Statistical report from Hawaii Information, the listing service, please click here where I post it each month. Questions? Get them answered before buying or selling. That’s why I’m here – so you get the facts!

Aloha Elaine

These little guys were perched outside my window just begging for a picture.

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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Kauai December 2014 Market Statistics

Aloha,

Happy New Year from Princeville Kauai! May 2015 bring you much peace, prosperity, health and happiness. 2014 Real Estate closed out the year with a downward trend, posting only 77 sales for Dec, down 9% from last Dec with 85. This is the second year there is a decrease in the number of sales as there were 94 sales in Dec 12. This of course, was a huge jump up from Dec 11 with only 49 sales. Dec 10 has 80 sales and even Dec 09, typically the lowest year, posted more sales than 2011 with 59.

The biggest drop in sales for Dec was residential which only had 35 sales compared to 42 in Dec 13. Land also saw a decrease, with 15 sales compared to 20 last Dec. Condos were up by 4, with 25 sales.

Year to date was also down by a very small margin: 999 sales in 2013 and 997 in 2014. As they say, close but….Even though the annual sales are slightly down, they are still much higher than the numbers posted for the last 6 years. Year end 2012 had 891 sales, 2011 – 782, 2010 – 719 and 2009 a mere 500. I keep wondering how we survived that year.

Sales volume is also slightly down for the month of Dec by 6%, going from $69M sold in Dec 13 to $65M in Dec 14. Dec 12 had $72M in sales while 11 had an unbelievable $20K. Even Dec 09 and 10 were higher with $53M and $67M in sales respectively.

For the year 2009, there were $340M in sales, 2010 saw $419M, 2011 $437M, 2012 $524M, 2013 had $578M while 2014 sales volume shows a hearty increase of 13% with $651M in sales. Slowly but surely….

Median sales price was up dramatically in residential for 2014, with a 92% increase, going from $454,500 in Dec 13 to $875K in Dec 2014. The annual median for residential in 2014 was up by 3% to $533K while the 2013 median was $527K. The annual residential median for 2012 was $458,750, for 2011 $455K, 2011 was $497,500 and 2009 posted $470,500.

As of today, Jan 12th we’ve had 20 sales, with our goal being to surpass the 82 sold in Jan 14. Days like today – not a cloud in the sky until afternoon, bright and sunny with a cool tinge to the wind – make for an easy sell. It was so beautiful – plus the whales are here. What’s not to like? If you’re thinking you’d like you’re own piece of paradise, please send me a text or email so we can get your search underway.

If you want to see the full MLS Statistical report, click here where I post it on my website each month.

Aloha Elaine

Today was especially beautiful – not a cloud in the sky!
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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

KauaiRealEstateNow.com
Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for the week of Dec 28th to Jan 3rd

Aloha,

…and a very Hauoli Makahiki Hou to you and yours. 2015 made a chilling entry, with nighttime temps down in the low 60′s and high 50′s. It was 57 this morning!

I know that doesn’t seen cold to some of you, but when the only heater available is in your car, you then realize how cold it can be stepping out of the shower or getting up and dressed to go out in the cooler morning temps. In addition, we’ve had quite a bit of heavy, blowing rain which has only added to the “freezing.”

Where are my UGGS? When I first saw women wearing them on Kauai I wondered if they were just doing so as a fashion statement. Now I am thinking how warm and cozy my feet would be wrapped in a pair. All I own is a bunch of sandals, running shoes and some Sketchers, none of which are warm or waterproof. Oh yes, there are the Crocs which, while freezing, at least allow the water to flow in AND out.

Anyhow, it’s always an adventure in Paradise. I”m just glad I have my blanket!

Here is your update for the past week:

NEW LISTINGS

280091 CND A 1 4-5-4-5-18-41 FS $495,000 Puamana #12A 1,532 #12A 2/2.00
279836 CND A 5 4-5-4-12-5-2 FS $749,900 Pali Ke Kua #102A 717 #102A 1/1.00

SALES

274986 CND S 89 4-5-4-5-16-20 FS $650,000 Alii Kai #3104 1,085 #3104 2/2.00
SOLD 12/30/2014 for $610,000 (CNV) DOM 89

EXPIRED

275139 CND X 154 4-5-3-6-22-74 FS $779,000 Kaiulani #74 1,892 #74 2/2.01
272057 CND X 279 4-5-4-5-16-37 FS $639,000 Alii Kai #5101 1,086 #5101 2/2.00

WITHDRAWN

271553 CND W 303 4-5-4-12-11-37 FS $1,799,500 Puu Poa #309 1,352 #309 2/3.01

PRICE CHANGES

272612 CND A 264 4-5-4-5-18-35 FS $435,000+ Puamana #10A 1,510 #10A 2/2.00
275790 CND A 159 4-5-4-6-1-33 FS $729,900- 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.

New Listings:

Golf course view Puamana 12A is newly listed at $495K. The prior sale was in 1/13 for $371K. Ocean and Bali Hai view Pali Ke Kua 102 returns to the market priced at $749,900 which is just slightly less than the purchase price of $795K in 4/05. It was most recently listed from 11/13 to 8/14 for $997,500.

Sales:

Ocean view Ali’i Kai 3104 was purchased for $612K in 4/13 and sold for $610K while priced at $650K.

Expired:

Kaiulani 74 expired after 154 market days priced at $779K. This townhome sold from the developer for $898,250 in 4/07. Ocean view Ali’i Kai 5101 also expired while listed for $639K. The seller purchased this unit in 5/04 for $595K.

Withdrawn:

Pu’u Po’a 309 was withdrawn after 303 market days priced at $1,799,500. The purchase price was $1,730,338 in 9/05.

Price Changes:

Puamana 10A sold for $425K in 11/13, and saw a price increase this week from $425K to $435K. Villas of Kamali’i 33 is now $729,900, down from $739K. This townhome sold for $640K in 10/13.

Now on to your Princeville Kauai single family home update which had one new escrow.

NEW LISTINGS

279410 RES A 1 4-5-3-12-30 FS $1,270,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
279955 RES A 3 4-5-4-23-15 FS $699,000 4839 Moli Pl 7,486 sqft 1,291 3/2.00

BACK ON THE MARKET

268028 RES A 412 4-5-4-18-46 FS $985,000 4161 Kamalani Ln 10,249 sqft 1,708 3/2.01

CONTINGENT SALES

276659 RES C 120 4-5-4-17-14 FS $1,295,000 4825 Emmalani Dr 12,290 sqft 2,942 4/3.01

PRICE CHANGES

277118 RES A 109 4-5-4-18-54 FS $945,000- 4537 Emmalani Dr 10,603 sqft 1,632 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.

New Listings:

3982 Aloalii makes its first MLS appearance priced very attractively at $1.270M since selling for $960,900 in 5/12.

4839 Moli Place returns to the market priced at $699K. This home sold previously for $500K in 10/10. It was listed from 10/13 to 9/14, starting at $725K and reducing to $675K when it was withdrawn.

Back on the Market:

4161 Kamalani Lane returned to the market still priced at $985K after expiring on 12/31. This seller purchased this home in 3/99 for $260K as a bank owned property.

Contingent:

The $100K price reduction on 4825 Emmalani, which brought it to $1.295M, found this golf course home (with a pool) a buyer. The last sale was for $318K in 5/03 for land. The home was built in 05.

Price Changes:

4537 Emmalani, a golf course home, reduced to $945K from $965K. This one owner home was built in 95. The last sale was for land in 6/93 for $165K.

That’s it for our first foray into 2015. We’ll just have to wait and see what the market gods bring us! If you need help buying or selling, you know who to text or email. I’m here so you get the facts all throughout the new year!

Aloha Elaine

These beautiful scenes were all taken before the storms.

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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Feb 22nd to Feb 28th

Aloha from Princeville Kauai,

It was another relatively busy week for Princeville condos, with three new escrows, although five new units came on the market so there was no real reduction in the inventory. As of today, Sunday, there are 72 listings ranging in price from $330K for Cliffs 3304 up to $2,399,990 for Kaiulani 15.

Single family homes were not quite as active, with one home falling out of escrow and one going in, so it’s a wash. There are now 37 homes for sale, starting at $699K for 4839 Moli Place up to $3.995K for 3559 Kaweonui Road. Now on to this past week’s activity:

NEW LISTINGS

281640 CND A 4 4-5-4-5-17-32 FS $419,000 Alii Kai #11H 1,037 #11H 2/2.00
281634 CND A 2 4-5-4-5-16-3 FS $474,950 Alii Kai #1103 1,085 #1103 2/2.00
281526 CND A 5 4-5-4-5-15-7 FS $649,000 Paliuli #7 1,337 #7 2/2.00
281663 CND A 3 4-5-4-5-24-61 FS $689,000 Nihilani #21A 1,874 #21A 3/2.01
281251 CND A 1 4-5-4-6-1-35 FS $749,000 Villas Of Kamalii #35 1,800 #35 3/3.00

CONTINGENT SALES

277253 CND C 110 4-5-4-5-3-5 FS $295,000 Paniolo #105 1,058 #105 1/2.00
274629 CND C 246 4-5-4-5-3-3 FS $299,000 Paniolo #103 1,058 #103 1/2.00
274871 CND C 242 4-5-4-5-23-39 FS $598,765 Plantation #1021 1,318 #1021 3/3.00

SALES

275347 CND S 185 4-5-4-12-11-45 FS $1,750,000 Puu Poa #403 1,752 #403 2/2.00
SOLD 2/25/2015 for $1,500,000 (CASH) DOM 185

PRICE CHANGES

279687 CND A 71 4-5-4-5-3-22 FS $429,000- Paniolo #208 1,058 #208 1/2.00
280108 CND A 32 4-5-4-5-24-59 FS $579,000- Nihilani #20B 1,567 #20B 3/2.01
272183 CND A 72 4-5-4-5-39-161 FS $695,000- Cliffs #7203 1,864 #7203 4/4.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

New Listings:

Alii Kai 11H entered the market this week priced at $419K. This original owner unit was purchased for $78K in 4/87. Alii Kai 1103 is priced at $474,950 after selling for $270K in 1/11.

Free standing Paliuli 7 is now on the market priced at $649K since selling for $670K in 3/07. i had the opportunity to show this unit and it is the nicest Paliuli I’ve ever seen. Nihilani 21A, the three bedroom Makani townhouse style unit, is newly listed for $689K since selling as a short sale in 9/12 for $450K. Villas of Kamalii 35 is listed for $749K since selling for $665K in 5/08.

Contingent:

Paniolo 107 found a buyer while priced at $295K as did Paniolo 103 which was priced at a very attractive $299K. The beginning of February I commented that $598,765 must be the seller’s lucky numbers as they made a small reduction from $599K to that price on their Plantation 1021. Well, it worked! Plantation 1021 is now in escrow.

Sales:

Pu’u Po’a 403 was listed for $1.750M and sold for $1.5M cash. The prior sale was for $1.761M in 6/06.

Price Changes:

Pamiolo 208 reduced to $429K from $469K. It sold for $223,300 in 3/14. Nihilani 20B went from $629,900 to $579K. The last sale was from the developer for $689,290. Cliffs 7203 is now $695K down from $758K. It sold for $440K in 5/03.

Now on to your Princeville Kauai single family home update:

BACK ON THE MARKET

274096 RES A 274 4-5-3-11-32 FS $1,325,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.01

CONTINGENT SALES

280109 RES C 41 4-5-4-13-69 FS $1,024,000 3683 Albert Rd 10,454 sqft 1,896 2/2.01

SALES

279761 RES S 28 4-5-4-17-21 FS $1,150,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.01
SOLD 2/27/2015 for $1,075,000 (CNV) DOM 28

TEMPORARILY WITHDRAWN

280073 RES T 49 4-5-4-15-6 FS $649,000 3881 Albert Rd 11,515 sqft 1,272 3/2.00

PRICE CHANGES

273367 RES A 295 4-5-4-10-22 FS $1,195,000- 4078 Liholiho Rd 10,200 sqft 2,515 3/3.02

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

Back on the Market:

4066 Aloalii, priced at $1.325M, went into escrow on 1/28 but unfortunately fell out and is now available.

Contingent:

3683 Albert wasted no time finding a buyer while priced at $1.024M; going into escrow in only 41 days.

Sales:

4914 Emmalani drive was listed for $1.150M and sold for $1.075M. The seller purchased this home for $980K in 12/09.

Temporarily Withdrawn:

3881 Albert was withdrawn after 49 days listed at $649K. The prior sale was for $745K in 6/05.

Price Changes:

4078 Liholiho was priced at $1.225M but reduced this week to $1.195. The prior sale was for land for $85K in 5/97.

As of today, Sunday, we are 9 sales shy of meeting the Feb 2014 sales of 67 properties sold. There may still be a few more to report over the next day or two but I would not expect it to be enough to meet that number. Let’s hope March brings in more buyers as interest rates are remaining exceptionally low.

Questions? You know who to ask to get the facts before buying or selling. Just send me a text or email!

Aloha Elaine

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If you’ve been to the North Shore, you’ve undoubtedly crossed this bridge.

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Feb 15th to Feb 21st

Aloha from Princeville Kauai,

If you live in Princeville or have visited recently, then you know how bad the roads are, especially the stretch of Emmalani that fronts the PHCA Community Center to the traffic circle at the fountain. The only place worse than this is the intersection of Ka Haku and Wyllie.

Those who live down Wyllie have double jeopardy, as they not only have to negotiate the potholes and speed bumps on Ka Haku, but also have to contend with trying to turn from Ka Haku onto Wyllie which limits their abilty to avoid all of the above. Believe me, I’ve driven down that road and no matter which way you are going, turning onto or off of Wyllie is like a bad carnival ride….but I digress.

I was pleasantly shocked yesterday as I drove out of the Princeville Center past the Community Center and discovered that THE ROAD HAD BEEN REPAIRED! I no longer had to drive into the oncoming traffic lane to avoid losing a wheel in a pot hole.

The road condition has been a long standing issue between Jeff Stone and the PHCA which is why it has fallen into such disrepair. Withouth going into any history, let me just say YAY! YIPPEE! YAHOO! Thank you to whomever for fixing this portion of the road. Now if we can just get that intersection of Wyllie and Ka Haku fixed…..

As for real estate: There was a fair amount of activity this week with new listings, escrows and sales in condos and two new escrows in homes. All in all, it was a busy week, almost as if buyers woke up from a deep sleep and decided it was time to buy. No complaints here. Take a look at the activity below:

NEW LISTINGS

279508 CND A 3 4-5-3-6-22-64 FS $845,000 Kaiulani # 64 1,738 #64 2/2.01
281409 CND A 5 4-5-4-5-18-29 FS $449,000 Puamana #8B 1,298 #8B 2/2.00
281630 CND U 2 4-5-4-12-8-1 LH $320,060 Pali Ke Kua #1 993 #1 1/1.01

CONTINGENT SALES

275487 CND C 211 4-5-3-6-22-72 FS $859,900 Kaiulani #72 1,892 #72 2/2.01
277794 CND C 677 4-5-4-5-18-31 FS $330,000 Puamana #8D 1,298 #8D 2/2.00

SALES

275199 CND S 158 4-5-4-5-23-40 FS $575,000 Plantation #1022 1,318 #1022 3/3.00
SOLD 2/20/2015 for $560,000 (CNV) DOM 158

277627 CND S 67 4-5-4-6-1-44 FS $735,000 Villas Of Kamalii #44 1,825 #44 3/3.00
SOLD 2/16/2015 for $720,000 (CNV) DOM 67

UNDER CONTRACT

281630 CND U 2 4-5-4-12-8-1 LH $320,060 Pali Ke Kua #1 993 #1 1/1.01

WITHDRAWN

279274 CND W 59 4-5-4-5-27-14 FS $252,000 Hale Honu #7B 866 #7B 2/1.00

PRICE CHANGES

272612 CND A 313 4-5-4-5-18-35 FS $398,900- Puamana #10A 1,510 #10A 2/2.00
275836 CND A 206 4-5-4-5-23-6 FS $489,000- Plantation #212 1,153 #212 2/2.00
273250 CND A 270 4-5-4-5-18-59 FS $490,000- Puamana #16C 1,298 #16C 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.

New Listings:

Kaiulani 64 is newly listed for $845K since selling for $590K in 12/11. Puamana 8B last sold for $55K as a leasehold unit in 7/99, converting to fee simple in 8/00 for $35,700. It is now listed for $449K. Leasehold Pali Ka Kua 1 is newly listed for $320K. This bank owned unit had sold for $379K in 4/06 and was foreclosed on in 1/14.

Contingent:

Kaiulani 72, a beautifully upgraded unit, found a buyer after 208 days while priced at $859,900. The prior purchase price was $857,270 in 4/07 from the developer. Puamana 8D finally found a buyer after 672 market days while priced at $330K. The prior sale was in 8/87 for a leasehold unit for $80K, converting to fee simple in 10/00 for $35,700.

Sales:

Plantation 1022 saw a quick turn around, having last sold in 6/14 for $589K. It sold this week for $560K while listed for $575K. Villas of Kamalii 44 sold for $725K while listed for $735K. The prior sale was for $600K in 7/09.

Under Contract:

Bank owned Pali Ke Kua 1 went directly from active to under contract in a matter of days. It is a leasehold unit listed for $320,060 that is being auctioned off on line. The auction does not allow for contingencies which is why it went directly to under contract.

Withdrawn:

After 59 market days, Hale Honu 7B was withdrawn while priced at $252K. This property was in escrow as of 1/20 so I’m not sure what the situation is. The seller purchased this unit for $58,500 in 2/87.

Price Changes:

Puamana 10A went to $389,900 from $415K. The prior sale was for $425K in 11/13. Plantation 212 made a small decrease, going from $499K to $489K. The last sale was for $560K in 3/07. Puamana 16 C is now listed for $490K down from $549K. The sellers purchased this townhome for $349K in 4/02.

Now on to your Princeville Kauai single family home update:

CONTINGENT SALES

275499 RES C 219 4-5-4-16-72 FS $1,185,000 4436 Emmalani Dr 10,034 sqft 3,444 4/3.00
279027 RES C 82 4-5-4-21-14 FS $1,250,000 4882 Akai Pl 12,484 sqft 2,466 4/3.00

UNDER CONTRACT

280793 RES U 6 4-5-4-22-16 FS $1,090,000 4036 Kaikioewa Pl 12,434 sqft 3,246 4/3.01
279761 RES U 28 4-5-4-17-21 FS $1,150,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.01

WITHDRAWN

274904 RES W 231 4-5-4-15-13 FS $719,500 3841 Haulani Pl 10,409 sqft 2,016 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.

Contingent:

44436 Emmalani Drive found a buyer while listed for $1.185M. 4882 Akai Place is now in escrow priced at $1.250M.

Under Contract:

4036 Kaikioewa, which had gone quickly into escrow, is now under contract while priced at $1.090M. This home last sold for $930K in 2/12. 4914 Emmalani went into escrow on 1/15 and moved to under contract this week. It is priced at $1.150M and sold in 12/09 for $980K.

Withdrawn:

After 231 market days, 3841 Haulani Place, priced at 4719,500, was withdrawn. The seller bought this home for $775K in 2/07.

Here we are heading into the last week of February with 42 sales as of today, Sunday. Will we meet or exceed the 67 sold in Feb 14? I say, don’t hold your breath, but I’m always open to a huge surprise.

It’s a beautiful sunny and warm day today. I hope you are out enjoying good weather no matter where you are. For those on the East Coast, we are sending warm thoughts your way.

Any questions? You know who to ask to get the facts. Email or text me for help before you buy or sell.

Aloha Elaine

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The overlook from the road to Hanalei is always so amazing.

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Feb 8th to Feb 14th

Aloha and Happy Belated Valentines day from Princeville Kauai,

It was a relatively slow week with one sales in condos and one new escrow in houses. Perhaps the inordinately gusty winds we’ve had this week have kept buyers inside. Overall, it’s been a rather sluggish Feb posting only 25 sales as of today, Sunday with 42 more needed if we are to match Feb 14′s sales of 67. Come on buyers; get out there and do your thing! On to your update:

NEW LISTINGS

281273 CND A 3 4-5-3-6-22-15 FS $2,399,990 Kaiulani #15 2,843 #15 3/3.01
281438 CND A 3 4-5-4-6-1-59 FS $690,000 Villas Of Kamalii #59 1,766 #59 3/3.00

SALES

280404 CND S 0 4-5-4-11-3-15 FS $989,000 Hanalei Bay Resort #C25 1,705 #4204/​5/​6 3/3.00
SOLD 2/12/2015 for $835,000 (CNV) DOM 0

WITHDRAWN

274984 CND W 223 4-5-4-12-9-28 FS $679,000 Pali Ke Kua Iii #238 993 #238 1/1.01

PRICE CHANGES

266094 CND A 502 4-5-3-6-22-29 FS $1,349,000- Kaiulani #29 2,864 #29 3/3.01
274629 CND A 232 4-5-4-5-3-3 FS $299,000- Paniolo #103 1,058 #103 1/2.00
274871 CND A 228 4-5-4-5-23-39 FS $598,765- Plantation #1021 1,318 #1021 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.

New Listings:

Kaiulani 15 is newly listed for $2,399,990 since selling for $1,856,930 in 12/07 from the developer.

Villas of Kamali’i 59 returned to the market priced at $690K since selling for $586K in 4/04. It was previously listed from 8/09 to 1/11 starting at $795K and reducing to $699K, again from 2/11 to 2/12 for $695K and most recently from 4/13 to 1/15, starting at $650K and increasing to $690K.

Sales:

Hanalei Bay Resort previously came onto the market showing as in escrow, and it closed this week for $835K while listed for $989K. This seller has a tax write off as the prior purchase was for $1.064M in 4/05.

Withdrawn:

Pali Ke Kua 238, with a list price of $679K, was withdrawn from the market after 223 market days. The seller purchased this condo for $559K in 4/13.

Price Changes:

Kaiulani 29 is now priced at $1.349M down from $1.495M. The last sale was for $1,825,850 from the developer in 7/07. Paniolo 103 reduced to $299K from $350K. The last sale was for $218,500 in 8/12.

Plantation 1021 changed the list price to what must be all their favorite numbers, going from $599K to $598,765. Hopefully this will bring them good luck in the sales department. The seller purchased this unit from the developer in 12/05 for $523,993.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

281416 RES A 2 4-5-4-16-25 FS $1,250,000 4989 Emmalani Dr 11,744 sqft 2,700 3/2.01

CONTINGENT SALES

277702 RES C 127 4-5-4-15-10 FS $727,000 3829 Haulani Pl 11,502 sqft 1,873 3/2.00

WITHDRAWN

275325 RES W 205 4-5-4-24-13 FS $888,000 4254 Waileia Pl 9,572 sqft 1,627 3/3.00

PRICE CHANGES

270286 RES A 380 4-5-4-14-28 FS $824,000- 3907 Kamehameha Rd 17,070 sqft 2,863 3/2.00
277784 RES A 124 4-5-4-16-19 FS $890,000- 4064 Kaahumanu Pl 12,058 sqft 2,274 3/2.00
280109 RES A 26 4-5-4-13-69 FS $1,024,000- 3683 Albert Rd 10,454 sqft 1,896 2/2.01
275393 RES A 213 4-5-4-8-46 FS $1,295,000- 5055 Kapiolani Lp 12,526 sqft 3,072 5/3.00
279512 RES A 54 4-5-4-13-30 FS $3,995,000+ 3559 Kaweonui Rd 11,372 sqft 1,946 4/2.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

New Listings:

4989 Emmalani is priced at $1.250M since selling for $78,000 for the land in 4/84. The house was built later in 84.

Contingent:

3829 Haulani Place, priced at $727K, found a buyer this week. The prior sale was for $257,951 in 2/98. The home was built in 1981.

Withdrawn:

4254 Waileia Place was withdrawn after 205 market days while priced at $888K. It sold for $500K in 8/02.

Price Changes:

The golf course home at 3907 Kamehameha made a substantial price reduction going from $919K to $824K. The prior sale of this 2,863 sqft. 3 bed / 2 bath home was for $380K in 10/98.

4064 Kaahumana is now $890K down from $950K. The home sold previously for $479,900 in 8/11.

3683 Albert is priced at $1.024M, which was a huge price reduction from $1.179M. This impeccable, well built home last sold as land for $325K in 8/09.

5055 Kapiolani Loop reduced to $1.295M, down from $1.395M. This home last sold for $295K in 9/88.

3559 Kaweonui sold for $1.910M in 10/13 and increased in price from $3.50M to $3.995M this week.

Did you know that as a Princeville property owner you have access to the Princeville Community Website: Princevillecommunity.com? Once you sign up and have a log-in and password, it’s a great way to stay connected.

A visit to the message board section of the website will give you an idea of what’s “trending.” The most vocal issue lately has been the condition of the roads. There’s information on just about every aspect of the Princeville community here.

For our Valentine’s celebration, we went to Common Ground Restaurant in Kilauea for a “Broadway in Love” dinner theatre. Many of you may know Common Ground from when it was a popular restaurant with daily hours. It is now an “destination event” where you can have your special occasion catered.

Occasionally, they offer an event like the one last night. It was a wonderful evening with the delicious and healty food Common Ground is known for, coupled with the some of the talented individuals from the South Pacific Show performing a series of Broadway Love Songs. Heavenly! Check out their website at cgkauai.net or destinationeventshawaii.com.

If you need real estate guidance, you know who to ask. I’m here so you get the facts before buying or selling.

Aloha Elaine

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This is what the strong winds bring….

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Feb 1st to Feb 7th

Aloha from Princeville Kauai,

This week things seemed to pick up a bit with two escrows in both condos and houses and one sale in each. The number to meet or beat for Feb is 67 which was the number of sales last Feb. Interestingly, it was also the number of sales for Jan 15, so if we hope to have a market that picks up speed as things progress, then 67 is the magic number. As of today, Sunday, there have been 9 sales. Now on to your weekly update below:

NEW LISTINGS

280825 CND A 5 4-5-3-6-22-65 FS $798,000 Kaiulani #65 1,900 #65 2/2.01
281119 CND A 3 4-5-4-5-18-71 FS $434,900 Puamana #20A 1,298 #20A 2/2.00
280755 CND A 3 4-5-4-12-2-23 FS $449,000 Hale Moi #203 1,033 #203 1/2.00
281168 CND A 0 4-5-4-5-16-37 FS $599,000 Alii Kai #5101 1,086 #5101 2/2.00

CONTINGENT SALES

277935 CND C 117 4-5-4-5-24-30 FS $699,000 Nihilani #10C 1,874 #10C 3/2.01
279363 CND C 18 4-5-4-12-9-13 FS $720,000 Pali Ke Kua #133/134 1,148 #133/​134 2/2.00

SALES

269882 CND S 343 4-5-4-5-7-11 FS $364,100 Sealodge #B3 570 #B3 1/1.00
SOLD 2/3/2015 for $312,000 (CNV) DOM 343

EXPIRED

270107 CND X 365 4-5-4-5-7-9 FS $325,000 Sealodge #B1 566 #B1 1/1.00

PRICE CHANGES

277253 CND A 89 4-5-4-5-3-5 FS $295,000- Paniolo #105 1,058 #105 1/2.00
272612 CND A 299 4-5-4-5-18-35 FS $415,000- Puamana #10A 1,510 #10A 2/2.00
279776 CND A 51 4-5-4-12-11-6 FS $1,095,000- Puu Poa #106 2,079 #106 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.

New Listings:

Kaiulani 65 came on the market priced at $798K. This unit sold in 4/13 for $730K. Puamana 20A is new on the market priced at $434,900. The seller purchased this beautifully upgraded unit for $315K in 7/10. Hale Moi 203 is listed for $449K since selling for $133K in 2/00.

Ocean view Alii Kai 5101 is back on the market priced at $599K since selling for $595K in 5/04. It has been listed almost continuously since it was purchased, first from 8/04 to 10/04 for $639K, then from 7/06 to 8/06 for $975K, again from 4/07 to 8/07 starting at $879K and dropping to $849K, from 9/07 to 4/08 for $879K, 6/08 to 9/09 starting at $849K and reducing to $649K, from 12/09 to 6/10 for $649K, 4/12 to 10/12 for $495K and finally from 3/14 to 12/14, during which time it started at $679K and reduced to $639K.

Contingent:

Nihilani 10C found a buyer while priced at $699K. This vacation rental sold for $660K in 9/14. Pali Ke Kua 133/134 went into escrow in only 13 days, showing that ocean view condos are still very much in demand. Priced at $720K, this unit was purchased for $275K in 12/91.

Sales:

Sealodge B3 was purchased for $215K in 11/11 and sold this week for $312K while listed for $364,100.

Expired:

Sealodge B1 expired this week after being on the market for 365 days priced at $325K. It sold for $100K in 5/00.

Price Changes:

Paniolo 105 reduced from $319K to $295K. The prior sale was in 7/05 for $415K. It is a fixer being sold as is. Puamana 10A is now $415K, down from $435K. The last sale was for $425K in 11/13. Ocean front Pu’u Po’a 106, a one owner unit purchased for $189,500 in 9/86, reduced to $1.095M from $1.195M.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

281270 RES A 0 4-5-4-18-38 FS $925,000 4187 Kamalani Ln 9,526 sqft 1,634 3/2.01

BACK ON THE MARKET

268028 RES A 441 4-5-4-18-46 FS $895,000 4161 Kamalani Ln 10,249 sqft 1,708 3/2.01

CONTINGENT SALES

273624 RES C 263 4-5-4-21-17 FS $825,000 4910 Akai Pl 13,548 sqft 2,106 3/2.00
279766 RES C 51 4-5-4-16-87 FS $849,000 4120 Nalani Ln 11,740 sqft 1,725 3/2.00

SALES

268192 RES S 270 4-5-4-10-43 FS $1,199,000 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00
SOLD 2/2/2015 for $1,110,000 (CNV) DOM 270

WITHDRAWN

279082 RES W 74 4-5-4-19-10 FS $1,490,000 5136 Napookala Cir 15,023 sqft 2,440 3/3.00

PRICE CHANGES

280073 RES A 32 4-5-4-15-6 FS $649,000- 3881 Albert Rd 11,515 sqft 1,272 3/2.00
268028 RES A 441 4-5-4-18-46 FS $895,000- 4161 Kamalani Ln 10,249 sqft 1,708 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.

New Listings:

4187 Kamalani Lane, which sold for $845K in 11/04, is now listed for $925K. It was previously listed from 7/13 to 6/14 for $899K.

Back on the Market:

After expiring on 2/5, 4161 Kamalani Lane is back on the market at a new low price of $895K down from $985K. The home last sold for $260K in 3/99. You’ll also see it under price changes.

Contingent:

4910 Akai Place found a buyer while listed for $825K. The sellers purchased this home in 10/02 for $460K. 4120 Nalani Ln is now in escrow priced at $849K since selling for $700K in 8/08.

Sales:

5340 Honoiki closed at $1.110M while listed for $1.199M. The prior sale was for $500K in 5/01.

Withdrawn:

After 74 market days, the as yet unbuilt 5136 Napookala, which is listed for $1.490M, was withdrawn. The last sale was for land in 4/14 for $430K.

Price Changes:

3881 Albert reduced from $660K to $649K after 29 market days. The home sold for $745K in 6/05. As noted under back on the market, 4161 Kamalani Lane reduced to $895K.

When purchasing property, buyers must know all their on-going costs, one of which is real property taxes. However, many buyers are unaware that the tax amount listed on the MLS may not be the amount they would be required to pay.

There are several different tax classifications which are applied according to the property’s usage. For example, an owner occupied property will have the “Homestead” classification which offers the lowest tax rate of all the classifications with a rate of $3.05 per $1,000 of assessed value. This classification also has a homeowners exemption of $160K off of the assessed value.

In addition, the homeowner may qualify for age exemptions which may dramatically lower their tax bill. Imagine your surprise if you were to purchase an owner occupied property which you intended to vacation rent, only to discover that you have no exemption and that your tax base is $8.83 per $1,000 of assessed value.

When shopping for property, let your agent know your intended usage and ask them to give you a copy of the tax rates/exemptions so you can understand this expense. You can find also this information on the Kauai County website which is www.Kauai.gov or you can click here to go to the section regarding real property taxes.

Before buying or selling real estate on Kauai, make sure you have an agent who can give you the required information so you can make an informed choice. That’s why I’m here, so you get the facts before buying or selling.

Aloha Elaine

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Along with the whales, the albatross are back. You’ll see them soaring with their 6′ wingspan, doing their mating dance or sitting patiently on their egg.

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Jan 25th to Jan 31st

Aloha from Princeville, Kauai!

We ended January (already) with 65 sales for the month. This is 21% less than the 82 sales of last January and down 18% from the 79 in Dec 14.

Although it sounds bad, on second look we are actually up on single family sales Island wide, with 20 reported last Jan 14 and 32 this Jan. The big loss was in land which went from 28 sales last Jan to 6. Condos also took a dip going from 33 to 25 comparing Jan 14 to Jan 15.

As far as the Hanalei Zone (which includes Princeville) is concerned, we are actually up from 5 single family home sales last Jan to 11 sales for Jan 15, while condos held steady at 10 sales for both.

Looking at Dec 14, there were 35 home sales Island wide, 13 of which were in the Hanalei Zone so we are only down 2 when looking at the 11 sales posted in Jan 15. Condos are up by 3 with 7 sales Dec 14 compared to the 10 that Jan 15 posted. So, it’s actually a better picture than it appears at first glance. Here is your update for this past week:

NEW LISTINGS

280924 CND A 4 4-5-4-12-10-28 FS $595,000 Emmalani Court #421 1,456 #421 2/2.00
280108 CND A 4 4-5-4-5-24-59 FS $629,900 Nihilani #20B 1,567 #20B 3/2.01

CONTINGENT SALES

279772 CND C 44 4-5-3-6-22-19 FS $2,250,000 Kaiulani #19 2,873 #19 3/3.01
280458 CND C 9 4-5-4-15-21-28 FS $360,000 Sandpiper #128 1,042 #128 2/2.00

SALES

279304 CND S 11 4-5-4-15-21-34 FS $309,900 Sandpiper #134 1,042 #134 2/2.00
SOLD 1/30/2015 for $309,900 (CASH) DOM 11

276000 CND S 102 4-5-4-15-21-23 FS $349,000 Sandpiper #123 1,042 #123 2/2.00
SOLD 1/30/2015 for $342,500 (CASH) DOM 102

275570 CND S 173 4-5-4-12-3-13 FS $690,000 Hanalei Bay Villas #13 1,244 #13 2/2.00
SOLD 1/31/2015 for $645,000 (CASH) DOM 173

EXPIRED

270395 CND X 142 4-5-4-5-27-11 FS $349,000 Hale Honu #6A 1,085 #6A 3/2.00

WITHDRAWN

278341 CND W 83 4-5-4-5-23-38 FS $520,000 Plantation #1012 1,153 #1012 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.

New Listings:

Emmalani Court 421 is back on the market priced at $595K. This upstairs unit was purchased for $660K in 6/05. Previous listings were from 8/10 to 8/11 for $550K and again from 9/13 to 12/13 for $615K. Nihlani 20B is fresh on the market priced at $629,900 since selling from the developer for $689,290 in 9/06.

Contingent:

Kaiulani 19 took only 43 days to attract a buyer while listed for $2.250M. The prior sale was from the developer in 11/07 for $2,625,440. Sandpiper 128 wasted no time in going into escrow, doing so after only 8 days while priced at $360K. The seller purchased this vacation rental for $214,900 as a bank sale in 7/11.

Sales:

Two Sandpiper units closed this week: unit 134 sold for the list price of $309,900 after being purchased by the seller for $485K in 7/05. Sandpiper 123 was listed for $349K and sold for $342,500 cash. The seller purchased this condo in 3/11 for $251K.

Hanalei Bay Villas 13 closed for $645K cash while listed for $690K. The prior sale was for $235K in 5/99.

Expired:

Hale Honu 6A expired after 142 days priced at $349K. It was purchased for $355K in 2/04.

Withdrawn:

Plantation 1012, with a list price of $520K, was withdrawn after 83 market days. This downstairs condo was purchased for $420K in 10/12.

Now on to your Princeville Kauai single family home update:

CONTINGENT SALES

274096 RES C 246 4-5-3-11-32 FS $1,325,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.01
280793 RES C 9 4-5-4-22-16 FS $1,090,000 4036 Kaikioewa Pl 12,434 sqft 3,246 4/3.01

SALES

274208 RES S 136 4-5-3-12-9 FS $1,395,000 4001 Aloalii Drive 8,081 sqft 3,461 2/3.00
SOLD 1/30/2015 for $1,395,000 (CNV) DOM 136

278125 RES S 65 4-5-4-19-3 FS $1,195,000 5068 Napookala Cir 23,685 sqft 3,266 4/3.01
SOLD 1/29/2015 for $1,150,000 (CASH) DOM 65

UNDER CONTRACT

268192 RES U 270 4-5-4-10-43 FS $1,199,000 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00

EXPIRED

268028 RES X 439 4-5-4-18-46 FS $985,000 4161 Kamalani Ln 10,249 sqft 1,708 3/2.01

PRICE CHANGES

275795 RES A 136 4-5-4-18-52 FS $1,350,000- 4555 Emmalani Dr 10,371 sqft 3,482 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.

Contingent:

4066 Aloalii, which last sold as land in 8/03 for $325K, went into escrow priced at $1.325M after 244 market days. The home was built in 04. Priced at $1.090M, 4036 Kaikioewa Pl wasted no time in finding a buyer, doing so in only 9 days. The property sold for $930K in 2/12.

Sales:

4001 Aloalii sold for the asking price of $1.395M after 136 market days. This home was purchased for $1.450M in 7/08.
5068 Napookala Circle sold for $1.250M cash while priced at $1.195M. The prior sale was for $190K in 2/99. The home was built later that year.

Under Contract:

5340 Honoiki is now under contract priced at $1.199M. This 4 bed / 3 bath golf course home sold for $500K in 5/01 and should be closing shortly.

Expired:

4161 Kamalani Lane expired after 439 days while priced at $985K. It sold previously for $260K in 3/99 as a bank sale.

Price Changes:

Golf course 4555 Emmalani formerly priced at $1.375M is now $1.350M. This home also has a pool and last sold for $600K in 6/02.

Although it looks like were off to a slow start, there is still a good deal of interest in Princeville condos and homes. The key to selling is proper pricing. Buyers are more educated, marketwise and informed than ever before. Basically, they are looking for value for their dollar and if your home does not provide that, they will move on to others until they find one that does.

On the other side, buyers must be prequalifed before shopping. I’ve talked to far too many clients who express champagne taste but when sent to a lender, come back with a beer budget. There’s no good or bad in either – but knowing yor purchase power is key to obtaining the house of your dreams, or in buying one that can be turned into your dream home.

A good realtor is able to provide you with the names of reputable lenders and can be the eyes and ears in your search. Too many buyers think they can “do better” by avoiding being “trapped” by a realtor and instead prefer to remain independent going from open house to open house.

The flaw in that is that you will never get first crack at the hot new listing because it will be in escrow by the time you discover it, thanks to agents that know what their clients want and notify them immediately when the right listing appears. Don’t be left out in the cold, get a good agent, get prequalified and start shopping!

Any questions, you know who to ask. I’m here so you get the facts before buying or selling.

Aloha Elaine

We’ve been treated to some beautiful sunsets!

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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Jan 18th to Jan 24th

Aloha from Princeville Kauai!

It’s been a mixed bag this week as far as weather goes, more so than usual. Big surf was a visual treat for all as well as some epic blue sky, cloudless days. All of that changed on Saturday when the cold front and rain they’d promised arrived. Still cool on Sunday but at least the sun is starting to shine through.

As for as real estate, it was also an epic week for condos, with many new listings, two contingencies and four sales. Throw in a price change, expired and withdrawn units and you’ll see there was quite a bit of activity:

NEW LISTINGS

280588 CND A 4 4-5-3-11-1-33 FS $669,000 Villas On The Prince #3 1,732 #33 3/3.00
280515 CND A 4 4-5-3-6-22-70 FS $835,000 Kaiulani #70 1,780 #70 2/2.01
280729 CND A 2 4-5-3-6-22-7 FS $1,399,000 Kaiulani #7 2,864 #7 3/3.01
280458 CND A 2 4-5-4-15-21-28 FS $360,000 Sandpiper #128 1,042 #128 2/2.00
280776 CND A 2 4-5-4-5-3-4 FS $369,000 Paniolo #104 1,058 #104 1/2.00
279363 CND A 4 4-5-4-12-9-13 FS $720,000 Pali Ke Kua #133/134 1,148 #133/​134 2/2.00

CONTINGENT SALES

279274 CND C 36 4-5-4-5-27-14 FS $252,000 Hale Honu #7B 866 #7B 2/1.00
279193 CND C 60 4-5-4-5-4-1 FS $399,000 Mauna Kai #1A 1,503 #1A 2/2.00

SALES

275921 CND S 132 4-5-3-11-1-6 FS $669,900 Villas On The Prince #6 1,737 #6 3/3.00
SOLD 1/23/2015 for $650,000 (1031, CASH) DOM 132

278492 CND S 12 4-5-3-6-22-49 FS $1,150,000 Kaiulani #49 2,479 #49 3/3.00
SOLD 1/21/2015 for $1,124,000 (CASH, CNV) DOM 12

275953 CND S 152 4-5-4-12-2-17 FS $439,750 Hale Moi #117 1,033 #117 1/2.00
SOLD 1/23/2015 for $425,000 (CNV) DOM 152

274793 CND S 169 4-5-4-12-9-1 FS $539,000 Pali Ke Kua #5 993 #5 2/2.00
SOLD 1/23/2015 for $545,000 (1031, CASH) DOM 169

EXPIRED

270164 CND X 363 4-5-4-5-39-159 FS $530,000 Cliffs #7201 963 #7201 1/2.00

WITHDRAWN

275182 CND W 199 4-5-3-6-22-3 FS $1,349,000 Kaiulani O#3 2,843 #3 3/3.01

TEMPORARILY WITHDRAWN

278341 CND T 83 4-5-4-5-23-38 FS $520,000 Plantation #1012 1,153 #1012 2/2.00

PRICE CHANGES

280588 CND A 4 4-5-3-11-1-33 FS $669,000+ Villas On The Prince #33 1,732 #33 3/3.00
277794 CND A 649 4-5-4-5-18-31 FS $330,000- Puamana #8D 1,298 #8D 2/2.00
275155 CND A 199 4-5-4-5-7-34 FS $449,500+ Sealodge #D5 570 #D5 1/1.00
274871 CND A 207 4-5-4-5-23-39 FS $599,000- Plantation #1021 1,318 #1021 3/3.00
280404 CND C 9 4-5-4-11-3-15 FS $989,000- Hanalei Bay Resort #C25 1,705 #4204/​5/​6 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.

New Listings:

Villas on the Prince 33 last sold for $555K in 8/03, and is now on the market priced at $669K. Also new is Kaiulani 70 with a list price of $835K. The previous sale was for $665K in 5/12.

One of the developer’s remaining Kaiulani units, #7, is back on the market priced at $1.399M. It’s been priced as high as $1.995M from 3/08 to 12/08.

Sandpiper 128 is new to the market since selling as a bank owned property in 7/11 for $214,900. It is priced at $360K.

Priced at $369K, Paniolo 104 is now listed after selling for $185K in 6/13 as a bank owned property.

Pali Ke Kua 133/134 sold in 12/91 for $275K and is now listed for $720K.

Contingent:

Hale Honu 7B, a 2 bedroom unit, went into escrow priced at $252K after selling for $58,500 in 2/87. Short sale fixer Mauna Kai 1A found a buyer after only 56 days while priced at $399K. The seller bought this condo for $539K in 3/05.

Sales:

Villas on the Prince sold for $650K cash with a list price of $669,900. This townhome sold previously for $725K in 3/05. Kaiulani 49 sold for $1.124M cash while listed for $1.150M. The seller purchased this townhome for $1.050M from the developer in 9/13.

Hale Moi 117 closed at $425K with a list price of $439,750. The purchase price of this condo previous to this sale was $109K in 6/99. Pali Ke Kua sold for over asking at $545K with a list price of $539K. The seller purchased his condo for $500K in 10/04.

Expired:

Cliffs 7201 expired while priced at $530K after 363 market days. This ocean view condo sold for $655K in 8/05.

Withdrawn:

The developer’s Kaiulani 3 was withdrawn while priced at $1,349M after 199 market days.

Temporarily Withdrawn:

Plantation 1012 was withdrawn while priced at $520K after 83 days on the market. This unit sold for $420K in 10/12.

Price Changes:

Villas on the Prince 33 came on the market showing a price change from from $669 to $669K obviously a mistake in input. Puamana 8D, which sold for $80K in 8/87 as a leasehold, converting to fee simple in 10/00 for $35,700, is now priced at $330K, down from $340K.

Sealodge D5 is now at a new increased price of $449,500 up only $500 from the prior price of $449K. Maybe this is the seller’s lucky number. The seller purchased this unit for $435K in 7/13.

Plantation 1021 reduced from $619K to $599K. The seller purchased this downstairs 2 bedroom condo for $523,993 from the developer in 12/05.

Hanalei Bay Resort 4204/5/6 reduced to $989K from $995K. The seller bought this unit in 4/05 for $1.064M.

Now on to your Princeville Kauai single family home update which saw very little activity, especially when compared to all that went on in condos this week:

NEW LISTINGS

280793 RES A 1 4-5-4-22-16 FS $1,090,000 4036 Kaikioewa Pl 12,434 sqft 3,246 4/3.01
280109 RES A 5 4-5-4-13-69 FS $1,179,000 3683 Albert Rd 10,454 sqft 1,896 2/2.01

BACK ON THE MARKET

263603 RES A 589 4-5-4-13-6 FS $999,999 3695 Kaweonui Rd 11,121 sqft 2,428 4/2.00
267688 RES A 464 4-5-4-9-55 FS $1,449,000 5331 Honoiki Rd 10,689 sqft 2,554 3/3.00

PRICE CHANGES

274904 RES A 207 4-5-4-15-13 FS $719,500- 3841 Haulani Pl 10,409 sqft 2,016 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.

New Listings:

4036 Kaikioewa Place returns to the market at a new low list price of $1.090M, down from the $1.250M list price it carried while on the market from 10/12 to 12/13. This home was purchased for $930K in 2/12.

A newcomer to the MLS is 3683 Albert, priced at $1.795M. This is the first offering of this single level Plantation style home which last sold as land in 8/09 for $325K. The home was built in 2010.

Back on the Market:

3695 Kaweonui, which expired on 12/25 priced at $999,999 is back on the market at the same price. The seller bought this home as an REO in 10/09 for $575K. Also returning to the market is 5331 Honoiki, which unfortunately fell out of escrow. The list price is still $1.449M. The prior sale was for $762,500 in 1/11.

Price Changes:

3841 Haulani reduced from $748,999 to $719,500. This home sold for $775K in 2/07.

Hard to believe that there is only one more week in January and then we’ll be on to the second month of the New Year. Overall, sales are W-A-Y off from last year with only 47 reported as of today, Sunday. The number to beat is 82 which is what Jan 14 posted. Sad to say, I don’t think we’re going to come anywhere near that number. I guess instead of starting the year off with a BANG we’ll have to change strategy and plan on gaining momentum as we progress.

Any questions, you know who to ask. I’m here so you get the facts before buying or selling.

Aloha Elaine

An amazing cloud afternoon!

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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………

Princeville Kauai condo / house update for Jan 11th to Jan 17th

Aloha,

Welcome to your Princeville Kauai weekly condo and home update. As we head into the third week week of January, as of today Sunday, there have been 31 sales. The goal is to surpass the 82 posted last January. Hopefully, we can jumpstart 2015 by posting strong numbers for the first month! This week saw a fair amount of activity as three condos and one house went into escrow. Here is your update:

NEW LISTINGS

280106 CND A 4 4-5-4-5-13-11 FS $627,000 Kamahana #11 1,635 #11 3/2.00
280404 CND C 3 4-5-4-11-3-15 FS $995,000 Hanalei Bay Resort #C25 1,705 #4204/​5/​6 3/3.00

BACK ON THE MARKET

271175 CND A 318 4-5-4-5-39-72 FS $330,000 Cliffs #3204 917 #3204 1/2.00

CONTINGENT SALES

275570 CND C 180 4-5-4-12-3-13 FS $690,000 Hanalei Bay Villas #13 1,244 #13 2/2.00
280404 CND C 3 4-5-4-11-3-15 FS $995,000 Hanalei Bay Resort #C25 1,705 #4204/​5/​6 3/3.00
275347 CND C 190 4-5-4-12-11-45 FS $1,750,000 Puu Poa #403 1,752 #403 2/2.00

SALES

278612 CND S 10 4-5-4-5-18-5 FS $385,000 Puamana #2A 1,312 #2A 2/2.00
SOLD 1/13/2015 for $357,500 (CASH) DOM 10

279146 CND S 0 4-5-4-12-8-3 FS $478,000 Pali Ke Kua #3 993 #3 1/1.01
SOLD 1/7/2015 for $435,000 (1031) DOM 0

WITHDRAWN

270407 CND W 341 4-5-4-5-18-76 FS $535,900 Puamana #21B 1,426 #21B 3/2.00

PRICE CHANGES

269574 CND A 384 4-5-3-11-1-10 FS $749,000- Villas On The Prince #10 1,732 #10 3/3.00
271175 CND A 318 4-5-4-5-39-72 FS $330,000- Cliffs #3204 917 #3204 1/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

New Listings:

Kamahana 11, a golf course unit, returns to the market price at $699K after selling for $570K in 8/04. It was previously listed from 1/10 to 7/13 for $599K. Hanalei Bay Resort 4204/5/6 came on the market priced at $995K showing as in escrow. The last sale was for $1.064M in 4/05.

Back on the Market:

Cliffs 3204 went into escrow on 12/26 but is now back on the market with a lower price of $330K. The previous sale was for $380K in 1/08.

Contingent:

Hanalei Bay Villas 13, priced at $690K found a buyer this week. The prior sale was for $235K in 5/99. As noted above, Hanalei Bay Resort 4204/5/6 came on the market showing as in escrow. Pu’u Po’a 403 went into escrow with a list price of $1.750M. The prior sale was for $1.761M in 6/06.

Sales:

Puamana 2A sold for $357,500 cash while listed for $385K. It was purchased in 1/05 for $450K.

Pali Ke Kua 3 came on the market showing as sold for $435K with a list price of $478K. The seller purchased this unit for $300K in 10/12, getting himself a nice profit for his efforts.

Withdrawn:

Puamana 21B with a price tag of $535,900 was withdrawn after 341 market days. The condo sold for $79K in 4/99 as a leasehold unit, converting to fee simple in 7/00 for $35,700.

Price Changes:

Villas on the Prince 10 reduced from $769K to $749K. The seller bought this unit from the developer for $474,320 in 2/02. As noted previously, Cliffs 3204 reduced from $349K to $330K as it returned to the market.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

280487 RES A 3 4-5-3-12-19 FS $2,525,000 3953 Aloalii Dr 9,027 sqft 3,382 3/2.01
280447 RES A 4 4-5-4-18-23 FS $995,000 4691 Emmalani Dr 10,526 sqft 2,229 3/2.01
280296 RES A 3 4-5-4-7-34 FS $2,495,000 3824 Punahele Rd 17,151 sqft 5,095 5/6.01

CONTINGENT SALES

279761 RES C 31 4-5-4-17-21 FS $1,150,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.01

SALES

268499 RES S 373 4-5-4-10-17 FS $870,000 5275 Honoiki Rd 10,264 sqft 1,874 3/2.01
SOLD 1/16/2015 for $860,000 (CNV) DOM 373

PRICE CHANGES

280296 RES A 3 4-5-4-7-34 FS $2,495,000- 3824 Punahele Rd 17,151 sqft 5,095 5/6.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

New Listings:

3953 Aloalii is back on the market priced at $2.525M. The prior sale was for $1.8M in 4/07. 4691 Emmalani is newly listed for $995K since selling for $667,500 in 6/03. 3824 Punahele is priced at $2.495M. The last sale was for land in 1/01 for $195K. The house was built 04. It was listed before from 4/12 to 9/14 for $2.795M and again from 9/14 to 10/14 for $2.875M.

Contingent:

4914 Emmalani found a buyer while priced at $1.150M after 28 market days. This home was purchased for $980K in 12/09.

Sales:

5275 Honoiki sold for $860K whith a list price of $870K. This home sold for $385K in 7/98.

Price Changes:

3824 Punahele was initially priced at $2.875M then reduced to $2.495M when it was released. For some strange reason, even if an agent makes a price change while the property is in the “holding” status, when it’s released, it shows the price change!

Interest rates are remaining low, especially for owner occupants. If you are investor you will most likely need a down of at least 25% or more depending on the type of property (house or condo.) Remember to find a lender and get pre-qualified before contacting an agent so when you find your dream home, it’s one you can afford. Any questions? – You know who to ask.

Aloha Elaine

IMG_439096889

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

……Making your real estate dreams
my business………


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Aloha!

Elaine

Elaine Schaefer (R)
Broker in Charge
Certified Residential Specialist
Accredited Buyer's Representative
Graduate, Realtor's Institute

Cellular:
808.639.2935
Fax:
808.440.4552
Email:
soldonkauai@gmail.com
Web:
KauaiRealEstateNow.com

RE/MAX Kauai
Princeville Resort Office
5-4280 Kuhio Hwy. Suite 203
Princeville HI 96722

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