Princeville Kauai condo + house update for the week of Apr 13th to Apr 19th

Aloha,

There were 125 sales last April and we’re currently at 54. Do you think we’ll make it? As of this time (the 20th) last year, there were already 77 sales. Hmmmm…I have some doubts. There are 47 listings that are “under contract” which means contingencies have been removed. There are an additional 205 that are in escrow with contingencies which would have to move quickly to under contract and closing if we’re to surpass 125 sales.

Since every other month has surpassed stats for the prior year, we only need 21 sales to meet the 310 sales for year to date 2013. I think we’ll succeed in passing that stat but am doubtful about the overall April performance.

There was a flurry of activity this week, in both condos and homes. Take a look:

NEW LISTINGS

272811 CND A 3 4-5-4-15-21-39 FS $314,950 Sandpiper #202 1,173 #202 2/2.01
272612 CND A 5 4-5-4-5-18-35 FS $438,000 Puamana #10A 1,510 #10A 2/2.00
272870 CND A 2 4-5-4-5-12-35 FS $489,000 Sealodge Ii #J8 743 #J8 2/2.00
272814 CND C 3 4-5-4-15-21-74 FS $289,000 Sandpiper #237 1,173 #237 2/2.01

CONTINGENT SALES

272814 CND C 3 4-5-4-15-21-74 FS $289,000 Sandpiper #237 1,173 #237 2/2.01
269669 CND C 103 4-5-4-12-10-34 FS $449,000 Emmalani Court #512 1,192 #512 2/2.00
272018 CND C 31 4-5-4-5-24-34 FS $675,000 Nihilani #12B 1,874 #12B 3/2.01

SALES

256134 CND S 575 4-5-4-5-23-1 FS $380,000 Plantation #111 1,153 #111 2/2.00
SOLD 4/14/2014 for $378,000 (CASH) DOM 575

269014 CND S 87 4-5-4-5-13-6 FS $550,000 Kamahana #6 1,635 #6 3/2.00
SOLD 4/17/2014 for $500,000 (CASH) DOM 87

UNDER CONTRACT

271497 CND U 3 4-5-4-5-15-6 FS $475,000 Paliuli #6 1,337 #6 2/2.00
271108 CND U 10 4-5-4-5-24-28 FS $679,500 Nihilani #10A 1,874 #10A 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:

Sandpiper 202 came on the market priced at $314,950 after selling for $145K in 5/90. Puamana 10A made a quick return to the market priced at $438K after selling for $425K in 11/13. Sealodge J8 is priced at $489K and was purchased for $323K in 10/01. It was previously listed from 8/08 to 8/10, starting at $728K and ending at $525K. Also from Sandpiper is short sale unit 237 priced at $289K showing as in escrow. The previous sale was for $391K in 7/08.

Contingent:

As noted above, Sandpiper 237 came on the market with a buyer. Emmalani Court 512 went into escrow after 99 days priced at $449K. It was purchased for $700K in 5/07. The developer’s last remaining Makani unit, Nihilani 12B, went into escrow priced at $675K.

Sales:

Short sale Plantation 111 finally closed for $378K cash while listed for $380K. This unit sold for $620K in 5/06. Kamahana 5 sold for $500K cash while priced at $550K. The prior sale was for $450K in 5/13.

Under Contract:

Paliuli 6 went into escrow on 3/8 priced at $475K and moved to under contract this week. This free standing unit was only on the market 3 days before being snapped up by a buyer. It was purchased for $150K in 5/96. Nihilani 10A should be closing shortly as it just went from in escrow to under contract, which means all the contingencies have been cleared. Priced at $679,500 the last sale of this townhome was for $645K in 8/09. Now on to your Princeville home update which also saw quite a bit of activity this week:

CONTINGENT SALES

268925 RES C 136 4-5-4-16-30 FS $675,000 4988 Emmalani Dr 12,969 sqft 2,659 3/3.00
271985 RES C 8 4-5-4-16-10 FS $825,000 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02
261363 RES C 421 4-5-4-8-52 FS $1,375,000 3781 Punahele Rd 13,902 sqft 3,802 5/4.01

SALES

271193 RES S 15 4-5-4-16-50 FS $750,000 4119 Rooke Pl 12,519 sqft 1,226 2/2.00
SOLD 4/14/2014 for $725,000 (CASH) DOM 15

UNDER CONTRACT

241082 RES U 1163 4-5-4-13-76 FS $1,195,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

PRICE CHANGES

270294 RES A 65 4-5-4-16-84 FS $1,179,000- 4100 Nalani Ln 10,542 sqft 2,643 3/2.02

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

Contingent:

Estate sale 4988 Emmalani Drive found a buyer while priced at $675K after 132 market days. The prior sale was in 3/04 for $825K. This home needed some TLC and updating. Short sale 4089 Kaahumanu went into escrow after only 7 days priced at $825K. This home last sold for $1.099M in 7/07. Also finding a buyer is ocean view 3781 Punahele with a list price of $1.375M. This home started out priced at $2.175M 417 days ago. It was purchased for $1.555M in 7/03.

Sales:

4119 Rooke Place, a plantation style two bedroom cul-de-sac home set new land speed records by closing in only 29 days for $725K cash while listed at $750K. This home, which sold previously for $740K in 12/05, was only on the market for 15 days.

Under Contract:

Ocean view, cul-de-sac 3650 Albert moved from in escrow to under contract and should be closing shortly. It is listed for $1.195M but started out at $1.350M 1163 days ago.

Price Changes:

4100 Nalani Lane made a huge price reduction from $1.279M to $1.179M. The prior sale of this property was for land in 11/02 for $210K. This home, which was built in 04, provides unusual privacy in a sub-division and has a refreshing salt water lap pool in the courtyard. It features a gourmet kitchen, large granite slab breakfast bar, open floor plan, built in alder wood enterainment center and natural rock gas fireplace + much more.

It’s nice to finally see so many properties going into escrow and under contract but the slowdown discussed at the beginning of the update only serves to underscore the importance of aggressive pricing by sellers. Buyers also need to realize that there are not as many foreclosures and short sales as in the last few years, so they may need to step up their price point to complete a purchase. Hopefully, we’ll see more buyers and sellers seeing eye to eye and moving forward with making both their dreams come true!

Princeville is a wonderful place to live – and it offers many vista points throughout for great ocean views, but full on ocean view lots are the exception rather than the rule. This week on broker’s caravan, one of these rare lots was presented after being owned by the same seller for almost 30 years. Not only does it offer some of the most outstanding views in all of Kauai, it also overlooks Queen’s bath and sits back far enough from the road to make you feel like you’re in a world of your own. Priced at $3.5M, it’s one of a kind. If this is the type of lot you’ve been looking for, please let me know. I posted pictures of the broker’s open below.

Please let me know if you have any question about these or any other properties – as that’s why I’m here, to make sure you get the facts before buying or selling.

Aloha Elaine

Photo
Awesome Bali Hai, Hanalei Bay and endless ocean views.

Photo (4)
View to the right look out over the Pacific.

Photo (5)
Take a look over the edge and enjoy swimmers at Queen’s Bath.

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Instead of chairs, your home could be here! Ahhhhhh….

Elaine Schaefer (B) REALTOR
RE/MAX Kauai
Broker in Charge-Princeville Resort Office
CRS, GRI, ABR, SFR, SRS
Top Producer 100% Club

cell: 808 639 2935
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com

Follow me on Twitter: KauaiElaine
Follow me on Facebook: Elaine Schaefer Realtor

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

Princeville Kauai condo + house update for the week of Apr 6th to Apr 12th

Aloha,

There are so many things I love about Princeville, one of which are the great restaurants at the Princeville Center. My absolute favorite is Federico’s which creates delectable and healthy mexican cuisine for a very affordable price. I know I’ve mentioned this establishment before, but it remains an on-going favorite. The food is always good and oftentimes you’ll find entertainment included.

Also at the Princeville center is Le Petite Bakery which is where I get my coffee. They also offer scones, breakfast and much more. Lotus Garden Chinese and Thai Cuisine is another favorite. I haven’t eaten there yet, simply because I can’t tear myself away from Federico’s but I’m clearly the exception as Lotus Garden also has a strong followings.

Newly opened in the old Paradise Grill location is Iniki Tiki. I haven’t had dinner there yet but lunch was very good. This restaurant, unlike the other three, has their own seating area. It’s fun to sit up on the lanai and watch the world go by while enjoying your meal.

Of course, if you’ve been to Princeville you’re certainly familiar with the perennial favorite, CJ’s Steak and Seafood. Great salad bar there. Also, don’t forget the North Store General Store and Cafe by the Gas Station or to “grab and go,” Foodland has a sandwich bar and other goodies. All this and more can be found at the Princeville Center- one of the many things that makes North Shore living great!

It was a busy week for condos and even homes saw come movement. Take a look:

NEW LISTINGS

272508 CND A 2 4-5-4-12-8-27 FS $693,000 Pali Ke Kua #131/2 1,148 #131/​2 2/2.00
272348 CND A 5 4-5-4-5-16-43 FS $749,000 Alii Kai #5203 1,085 #5203 2/2.00
272433 RES C 3 4-5-4-5-15-4 FS $475,000 Paliuli #4 1,337 #4 2/2.00

CONTINGENT SALES

268612 CND C 120 4-5-4-6-1-31 FS $699,000 Villas Of Kamalii #31 1,825 #31 3/3.00
272433 RES C 3 4-5-4-5-15-4 FS $475,000 Paliuli #4 1,337 #4 2/2.00

SALES

269760 CND S 2 4-5-4-12-2-22 FS $345,000 Hale Moi #202 1,033 #202 1/2.00
SOLD 4/9/2014 for $346,000 (CASH, CNV) DOM 2

268211 CND S 88 4-5-4-12-10-29 FS $499,000 Emmalani Court #422 1,192 #422 2/2.00
SOLD 4/4/2014 for $442,500 (CNV) DOM 88

255606 CND S 152 4-5-4-12-5-33 FS $989,000 Pali Ke Kua Incr #215C 1,127 #215C 2/2.00
SOLD 4/8/2014 for $960,000 (CASH, CNV) DOM 152

WITHDRAWN

272427 CND W 8 4-5-4-5-24-37 FS $665,000 Nihilani #13A 1,874 #13A 3/2.01

PRICE CHANGES

269669 CND A 96 4-5-4-12-10-34 FS $449,000- Emmalani Court #512 1,192 #512 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:

Ocean view Pali Ke Kua 131/32 is new on the market priced at $693K since selling for $450K in 11/02. Second floor ocean front Ali’i Kai 5203 is also new on the market priced at $749K after selling for $874K in 8/05. Free standing Paliuli 4 came on the market priced at $475K showing as in escrow. This one owner sold for $110K in 7/77. You’ll also see it under the contingent portion of this report.

Contingent:

Villas of Kamali’i 31 went into escrow after priced at $699K. The purchase price of this unit was for $503,150 from the developer in 12/03. As noted earlier, Paliuli 4 came on the market already with a buyer.

Sales:

Hale Moi 202 was only on the market 2 days when it found a buyer. It closed this week at $346K with a list price of $345K and a prior purchase price of $245K in 5/02. Emmalani Court 422 had a list price of $499K and sold for $442,500 after 88 market days. The seller purchased this condo for $360K in 4/12, yielding a nice profit. Ocean view second floor 2 bedroom Pali Ke Kua 215 sold for $960K. It was listed for $989K and had been purchased for $625K in 7/01.

Withdrawn:

For whatever reason Nihilani 13A did not stay on the market very long as it was withdrawn after only 8 market days with a price of $665K, an increase over the prior purchase price of $554K in 9/13.

Price Changes:

Emmalani Court 512 last sold for $700K in 5/07 and had been listed for $485K. It is now priced down at $449K. Now on to your Princeville homes update:

NEW LISTINGS

271985 RES A 1 4-5-4-16-10 FS $825,000 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02

CONTINGENT SALES

270654 RES C 67 4-5-4-16-21 FS $1,125,000 4070 Kaahumanu Pl 10,536 sqft 2,334 3/2.01

PRICE CHANGES

271732 RES A 33 4-5-3-12-33 FS $1,225,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01
268192 RES A 37 4-5-4-10-43 FS $1,295,000- 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00

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

New Listings:

Short sale 4089 Kaahumanu sold for $1.099M in 7/07 and is now on the market priced at $835K. This 3 bed / 3.5 bath home built in 2001 is in need of some TLC and is situated on a corner lot.

Contingent:

4070 Kaahumanu wasted no time getting a buyer while listed for $1.125M. Purchased in 2/08 for $1.1M, it was on the market 66 days.

Price Changes:

3998 Aloali’i reduced from $1.295M to $1.225M. This property, which was built in 07, last sold as land in 06 for $660K. 5340 Honoiki was on the market for 34 days priced at $1.325M when it reduced to $1.295M. This two story home was purchased for $500K in 5/01. This home is currently a vacation rental with golf course, ocean and mountain views.

That’s it for this week. If you have questions about any of these properties, you know who to ask. If you’re looking for a home in Princeville, I have two very nice offerings – if golf course living is your goal, please check out MLS 270286. Priced at $1.199M this home offers great golf course and mountain views from throughout the home. P1000624

If privacy is your goal, MLS 270294 was built in 04 with top of the line construction and comes with a private courtyard and saltwater lap pool. IMG_1004.

Aloha Elaine

Photo (7)

Photo (8)

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Photo (19)

The clouds were so amazing at Sunset, changing colors several different times.

Elaine Schaefer (B) REALTOR
RE/MAX Kauai
Broker in Charge-Princeville Resort Office
CRS, GRI, ABR, SFR
Top Producer 100% Club

cell: 808 639 2935
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com

Follow me on Twitter: KauaiElaine
Follow me on Facebook: Elaine Schaefer Realtor

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

Kauai 2014 March Market Statistics

Aloha,

March came in like a lion and went out the same way. In fact, the wind is still howling as I write this although several of my readers reminded me not to complain too much about the “cold” claiming that I don’t really know what “cold” is anymore. That’s probably very true as even on vacation I try to go to warm weather locations, and most recently, spent several days in Lahaina on Maui.

Sales for Mar 14 handily outperformed Mar 13 by 16% posting 86 sales this month compared to 74 last Mar. The biggest increase was in residential which went from 37 to 46 sales. Land stayed fairly steady with an increase of 2 sales, going from 12 to 14 as did condos, which took a slight dip posting 22 sales this Mar compared to 25 last Mar.

Looking at the last 6 years, this Mar has the highest number of sales, with the runner up being Mar 11 with 75 sales. Low Mar was Mar 09 with only 40. That’s barely a sale a day!

Year to date we are looking good with an overall increase of 27%. There were 185 sales this time last year compared to 235 this year and that’s certainly higher than anything we’ve seen in the last 6 years. The high year to date was 11 with 197 sales while the low was, once again, 09 with a mere 86 sales.

Everyone says prices are going up, and sale volume speaks to that, posting a healthy 44% increase with $55.652M changing hands compared to $38.511M last Mar. The biggest increase was in land with $6.722M changing hands compared to $3.770M last Mar. Curious to see what sold to add so much to the volume? Here it is:

MLS Number Location Sold Date Sold Price

266441 Hauaala Rd 3/7/2014 $120,000
216391 Kulana #: 3/13/2014 $140,000
270998 385 Likeke Pl 3/14/2014 $143,000
260894 Moloaa Hui Lands:3/13/2014 $175,000
233564 Pikake #:1727 3/6/2014 $305,000
258785 Pau A Laka St 3/24/2014 $355,000
269079 Pau A Laka St 3/13/2014 $375,000
255202 Hauiki Rd 3/14/2014 $399,000
266691 7513 Kuhio Hwy 3/5/2014 $400,000
255929 3060-B Poipu Rd 3/3/2014 $415,000
268421 Koloa Lot #:19 3/24/2014 $525,000
69917 Poipu Bch Est 3/17/2014 $580,000
263959 Kukuiula #:78 3/21/2014 $740,000
261237 Kukuiula #:9 3/31/2014 $2,050,000

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, one sale can make a world of difference!

Condo sales volume, as you might expect, went down with $9.867M in sales this Mar compared to $11.987M last Mar.

Year to date looks good with an overall 20% increase. There was $114.407M in sales in Mar 13 and $137.964M in sales this past Mar. The next highest year to date was Mar 11 with $124.635M in sales and the low year to date was 09 with only $58M in sales. Everytime I do the stats and compared high to low, I wonder how anyone made a living in 09!

Median sales price for residential is at $562,500 for this Mar compared to $477,500 last Mar. Land went from $247,500 last Mar to $387,000 this Mar followed by condos that went from $395,000 last Mar to $310,000 this Mar.

Here is what sold in condos to create that median price:

MLS Number Location Sold Date Sold Price
265573 Kauai Beach Resort #1126 3/13/2014 $53,000
268242 Kauai Beach Resort #3204 3/20/2014 $65,100
270750 Kauai Beach Resort #3311 3/20/2014 $74,000
263962 Kiahuna Ph Iii #227 3/20/2014 $80,000
241922 Kiahuna Ph Iii-b #331 3/17/2014 $80,000
269159 Islander #112 3/17/2014 $146,500
269685 Plantation Hale #K14 3/25/2014 $185,000
271970 Banyan Harbor #85 3/21/2014 $186,300
271595 Kapaa Sands #3 3/5/2014 $255,000
267108 Hookena At Puhi #101 3/4/2014 $295,000
269981 Waikomo Stream #421 3/31/2014 $325,000
267196 Sunset Kahili #408 3/12/2014 $375,000
271148 Poipu Crater #22 3/28/2014 $430,000
268276 Regency Poipu Kai #312 3/14/2014 $440,000
256351 Poipu Sands #223 3/27/2014 $719,000
256158 Villas Poipu Kai #C210 3/14/2014 $930,000
257505 Whalers Cove #131 3/17/2014 $1,080,000
251078 Waipouli Bch Resort E201 3/14/2014 $1,100,000
270406 Whaler’s Cove Condo #230 3/20/2014 $1,185,000
271546 Whalers Cove Poipu #222 3/4/2014 $1,200,000

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

Besides last Mar, the only other year that had a higher median for condos was Mar 10 with a median of $330,000. The low median was surprisingly not in Mar 09 but rather Mar 11 which posted a lowly median of $187,450.

If you want to see the full MLS statistical report in its entirety, please click here where I post it on my website each month. If you want more information on Kauai real estate in general or a particular property, please do not hesitate to text or email me – that’s why I’m here so you get the facts before buying or selling.

Follow me on Twitter at KauaiElaine or like my page on Facebook at Elaine Schaefer Realtor. I’m here to support you in making your real estate dreams come true.

Aloha Elaine

IMG_5104
Lahaina Harbor

IMG_5103
Looking back at the Harbor

IMG_5101
Downtown Lahaina

Elaine Schaefer (B) REALTOR
RE/MAX Kauai
Broker in Charge-Princeville Resort Office
CRS, GRI, ABR, SFR
Top Producer 100% Club

cell: 808 639 2935
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com

Follow me on Twitter: KauaiElaine
Follow me on Facebook: Elaine Schaefer Realtor

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

Princeville Kauai condo+house update for the week of Mar 30th to Apr 5th

Aloha,

The saying for March of “In like a lion out like a lamb” dates back to the 17th century and is meant to convey that March signifies the end of the harsh Winter weather and the beginning of calmer Summer weather. That may be the saying but it is anything but springlike today with strong gusty winds and temperature of only 68 degrees (it’s almost 9AM!) with showers threatening.

If you are on Island you are probably asking, “What happened?” as yesterday was one of the most picture perfect days I’ve seen in a long while. Cooling (not cold) breezes along with a blue sky punctuated by a few puffy clouds set the scene, in other words, it was a perfect beach day.

Of course, the visitors aren’t aware of how cold it is as they are walking around in tank tops and shorts while I’m digging out my sweats and hoodie which I thought I was done with this winter. The weather around here is always interesting, especially how fast it can change.

Moving on…I had the pleasure of attending a two day Sellers Representative Specialist class coordinated by our Kauai Board of Realtors and sponsored by American Home Loans, Title Guaranty and Old Republic Title Company. The class, which was taught by Curtis Hall, was of the same high quality Curtis is known for and was extremely informative. If you see this class in your area, I certainly recommend it and will be incorporating many of Curtis’s ideas into my business.

It was a busy week for Princeville condos with one unit coming on the market already in escrow, two additional escrows, one sale and two price changes. Princeville homes had two new properties come onto the market but no sales.

The number to beat this month is 125 which were the sales for April 2013. We easily improved on numbers for March 2013 ending this past March with a 16% increase of 86 sales compared to 74 last March. If you want to see the full statistical report it is posted on my website. Here is your update for this past week:

NEW LISTINGS

272427 CND A 1 4-5-4-5-24-37 FS $665,000 Nihilani #13A 1,874 #13A 3/2.01
272498 CND C 0 4-5-4-15-21-46 FS $279,000 Sandpiper #209 1,173 #209 2/2.01

BACK ON THE MARKET

265963 CND A 234 4-5-3-11-1-21 FS $736,000 Villas On The Prince 21 1,737 #21 3/3.00
262212 CND A 362 4-5-4-5-39-77 FS $525,000 Cliffs #3301 1,186 #3301 2/2.00

CONTINGENT SALES

272498 CND C 0 4-5-4-15-21-46 FS $279,000 Sandpiper #209 1,173 #209 2/2.01
267324 CND C 131 4-5-4-6-1-46 FS $689,000 Villas Of Kamalii 46 1,825 #46 3/3.00

SALES

269344 CND S 33 4-5-4-5-18-40 FS $425,000 Puamana #11C 1,298 #11C 2/2.00
SOLD 4/4/2014 for $400,000 (CASH) DOM 33

UNDER CONTRACT

258893 CND U 503 4-5-4-5-16-53 FS $449,000 Alii Kai #7102 886 #7102 2/2.00
271347 CND U 0 4-5-4-5-24-36 FS $665,000 Nihilani #12C 1,972 #12C 3/3.00

WITHDRAWN

267339 CND W 181 4-5-3-6-22-75 FS $875,000 Kaiulani #75 1,892 #75 2/2.01

PRICE CHANGES

265963 CND A 234 4-5-3-11-1-21 FS $736,000- Villas On The Prince 21 1,737 #21 3/3.00
264084 CND A 304 4-5-4-5-30-7 FS $399,900- Mauna Kai #F7 1,280 #F7 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:

Nihilani 13A came quickly back on the market after selling for $554K in 9/13. It is now priced at $665K. Sandpiper 209 came on the market priced at $279K showing as in escrow. The prior sale was for $450K in 2/05.

Back on the Market:

Villas on the Prince 21 fell out of escrow after going in on 10/18. It is listed for $736K and was purchased for $575K in 1/03. This price is a reduction from the previous $748K list price and you’ll see this unit mentioned again under price changes. Cliffs 3301 expired while priced at $525K and is now back on the market again. It sold as a leasehold property in 2/81 for $176,600 and converted to fee simple in 2/97 for $38K.

Contingent:

As noted above, Sandpiper 209 is in escrow. Villas of Kamali’i 46 went into escrow priced at $689K. This townhome sold for $615K in 4/04.

Sales:

Puamana 11C sold quickly for $400K cash while priced at $425K. It was only on the market 33 days and sold previously for $55K as a leasehold property in 8/98, converting to fee simple for $35,700 in 9/00.

Under Contract:

Ocean view Ali’i Kai 7102 finally went into escrow after 503 market days with a list price of $449K. It was purchased for $652K in 5/05. The developer’s Nihilani 12C went from in escrow to under contract and should be closing soon. This Mahina unit is priced at $665K.

Withdrawn:

Ka’iulani 75 was withdrawn while priced at $875K after 181 days on the market. It was purchased for $899,440 in 4/07.

Price Changes:

As noted earlier, Villas on the Prince 21 reduced to $736K as it fell out of escrow. Mauna Kai F7, which sold as an REO for $245K in 9/11, reduced from $429,900 to $399,900. Now on to your Princeville Kauai residential update which is much less active than the condos:

NEW LISTINGS

272397 RES A 4 4-5-4-24-15 FS $859,000 4266 Waileia Pl 8,811 sqft 1,874 3/3.00
272166 RES A 5 4-5-4-16-14 FS $1,169,000 4047 Kaahumanu Pl 13,215 sqft 2,581 3/3.00

EXPIRED

262574 RES X 361 4-5-4-9-50 FS $649,000 5295 Pokii Ln 10,831 sqft 1,312 2/2.00

PRICE CHANGES

270654 RES A 60 4-5-4-16-21 FS $1,125,000- 4070 Kaahumanu Pl 10,536 sqft 2,334 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:

4266 Waileia Place is a new listing attractively priced at $859K. Built in 99, this single level home last sold for $589K in 3/03. 4047 Kaahumanu Pl is new on the market priced at $1.169M after being purchased for $1,295,500 in 12/05. This newer home, built in 04, is well maintained and offers single level living.

Expired:

5295 Poki’i Lane expired while listed for $649K after 361 market days.

Price Changes:

4070 Kaa’humanu reduced from $1.150M to $1.125M. The prior sale was for $1.1M in 2/08.

That’s it for this week. If you have any questions on these or any Kauai real estate properties, please send me a text or email. I’m here to help and make sure you get the facts before making a move. Please follow me on Twitter (Kauai Elaine) or Facebook (Elaine Schaefer Realtor) for more information on Kauai real estate and happenings.

Aloha Elaine

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We tried to see the Ioa Needle while on Maui – but as you can see, we were soaked and the park was shrouded in clouds.

Elaine Schaefer (B) REALTOR
RE/MAX Kauai
Broker in Charge-Princeville Resort Office
CRS, GRI, ABR, SFR
Top Producer 100% Club

cell: 808 639 2935
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com

Follow me on Twitter: KauaiElaine
Follow me on Facebook: Elaine Schaefer Realtor

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

Princeville Kauai condo + house update for the week of Mar 23rd to Mar 29th

Aloha,

This was a fairly active week despite weather that couldn’t decide if it wanted to rain, be cool, get muggy, be sunny, pour cats and dogs or do all of the aforementioned in a random sequence. The weather was completely unpredictable – even the Weather Channel couldn’t get it right as it showed us as as under flash flood warnings yesterday even while the sun was high in the sky. Right now the sun is out, it’s fairly cool and gusty, but wait, I see raindrops on the window! Oh well…..

Back to real estate – it was a busy week with 3 condos and 4 houses going into escrow. That’s good for everyone. This month of March blew past last March statistically speaking with 84 sales compared to 74 and we still have a couple of days to record a few more. Here is your update:

NEW LISTINGS

271897 CND A 5 4-5-4-12-9-30 FS $749,000 Pali Ke Kua #242 1,135 #242 2/2.00
272183 CND A 1 4-5-4-5-39-161 FS $798,000 Cliffs #7203 1,864 #7203 4/4.00

BACK ON THE MARKET

270858 CND A 40 4-5-4-5-13-29 FS $399,000 Kamahana #29 1,240 #29 2/2.00

CONTINGENT SALES

267705 CND C 160 4-5-4-5-17-39 FS $399,000 Alii Kai #12G 1,037 #12G 2/2.00
268922 CND C 116 4-5-4-5-7-27 FS $525,000 Sealodge #C7 748 #C7 2/2.00
271147 CND C 39 4-5-4-5-24-63 FS $604,900 Nihilani #21C 1,972 #21C 2/3.00

SALES

269761 CND S 12 4-5-4-5-16-12 FS $485,000 Alii Kai #2104 1,085 #2104 2/2.00
SOLD 3/27/2014 for $440,000 (CNV) DOM 12

UNDER CONTRACT

268103 CND U 91 4-5-4-5-39-175 FS $679,000 Cliffs #8201 963 #8201 1/2.00

PRICE CHANGES

270538 CND A 58 4-5-4-5-27-19 FS $368,000- Hale Honu #10A 1,085 #10A 3/2.00
268938 CND A 108 4-5-4-5-18-9 FS $399,000- Puamana #3A 1,298 #3A 2/2.00
265703 CND A 229 4-5-4-12-9-24 FS $699,000- Pali Ke Kua #234 1,135 #234 2/2.00
267758 CND A 159 4-5-4-12-11-14 FS $1,199,000- Puu Poa #114 2,079 #114 2/2.00

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

New Listings:

Ocean view Pali Ke Kua 242 returns to the market priced at $749K. Purchased in 6/04 for $555K, this condo was initially listed 10/05 to 12/05 for $985K, again from 12/05 to 11/06 starting at $975K and reducing to $925K, and finally from 6/07 to 12/08 starting at $899K and dropping to $800K. A rare 4 bedroom Cliffs unit is on the market, unit 7203, priced at $798K. The last sale of this property was for $440K in 5/03.

Back on the Market:

Kamahana 29 is back on the market priced at $399K. It sold in 7/05 for $478 and initially went into escrow on 3/14, but fell out this week.

Contingent:

Ali’i Kai 12G was on the market 154 days when it went into escrow this week. Priced at $399K, this condo was purchased for $410K in 11/12. Two bedroom Sealodge C7 found a buyer while priced at $525K. The last sale of this property was for $435K in 5/03. FNMA owned Nihilani 21C went into escrow in only 34 days with a list price of $604,900. This townhome sold from the developer for $844,795 in 10/06. FNMA foreclosed in 8/13.

Sales:

Ali’i Kai 2104 sold for $440K while priced at $485K, yielding some capital gains for the seller, since it was purchased in 2/02 for $320K.

Under Contract:

Ocean view Cliffs 8201 went into escrow on 2/3 priced at $679K and moved to under contract. The prior sale was a record price of $1.075M in 4/06.

Price Changes:

Hale Honu 10A, which initially came on the market priced at $363K then increased to $378K, reduced this week from $378K to $368K. This townhome last sold as an REO for $242K in 8/12. Puamana 3A was purchased as a short sale for $230K in 8/13, after which the current buyers put in new flooring, paint etc and listed it for $429K. It was reduced to $399K.

Pali Ke Kua 234, which was purchased for $160K as a leasehold in 11/95, converting to fee simple in 12/99 for $43,800, reduced from $729K to $699K. Pu’u Po’a 114 last sold as a short sale for $870K after 1,446 market days. It is now listed for $1.199M and was just reduced from $1.250M.

We are finally seeing some movement in the Princeville single family homes. Take a look for yourself:

CONTINGENT SALES

269229 RES C 107 4-5-4-23-72 FS $695,000 3780 Mapuana Pl 6,583 sqft 1,678 3/2.00
268539 RES C 102 4-5-4-8-8 FS $825,000 3895 Punahele Rd 10,789 sqft 2,913 3/3.00
257178 RES C 536 4-5-4-9-47 FS $1,099,000 5275 Poki’i Ln 13,893 sqft 2,652 3/3.00
241082 RES C 1171 4-5-4-13-76 FS $1,195,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

SALES

260668 RES S 124 4-5-4-24-18 FS $588,000 4275 Waileia Pl 10,390 sqft 2,044 3/2.00
SOLD 3/28/2014 for $653,300 (CNV) DOM 124

262888 RES S 233 4-5-4-13-9 FS $1,395,000 3679 Kaweonui Rd 15,352 sqft 3,695 4/3.02
SOLD 3/28/2014 for $1,390,000 (CNV) DOM 233

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

Contingent:

3780 Mapuana Place, priced at $695K, went into escrow. This one owner home sold originally for $115,600 in 1/92. 3895 Punahele which is listed for $825K, went into escrow. The last sale of this property was in 10/72 when the seller paid $16,184 for the land. The house was built in 79.

5275 Poki’i Lane was on the market for 531 days before it found a buyer. This home is listed for $1.099M and sold previously for $460K in 9/89. Ocean view 3650 Albert finally found a buyer while listed for $1.195M after 1164 days on the market. This single level home last sold for $425K in 9/98.

Sales:

4275 Waileia, a short sale, closed for $653,300 after being listed for $588K. It was purchased by the seller for $825K in 6/06. Also selling was 3679 Kaweonui. This was a contractor’s home, listed for $1.395M, which sold for $1.390K. It was purchased as land for $130K in 5/98.

The market continues to improve, with regular plateaus here and there. If you are a seller in this market, patience is key and pricing is critical. If you are a buyer, you need to be prequalified and ready to jump when the right property appears, which it will in time. New properties come on the market all the time, and more than we’d like fall out of escrow so you get a second chance.

If you have questions about any of these properties or any other property on Kauai, please text or email me. If you’d like to keep up with real estate in general along with Kauai news and updates, please follow me on Twitter or Facebook where I post daily.

Aloha Elaine

Photo (1)
This was the most incredible sunset the other night seen as we walked back from dinner at Federico’s.

Elaine Schaefer (B) REALTOR
RE/MAX Kauai
Broker in Charge-Princeville Resort Office
CRS, GRI, ABR, SFR
Top Producer 100% Club

cell: 808 639 2935
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com

Follow me on Twitter: KauaiElaine
Follow me on Facebook: Elaine Schaefer Realtor

Making Your real estate dreams…
……………….My business.

Princeville Kauai condo / house update for the week of Mar 16th to 22nd

Aloha,

We spent a few days over on Maui in Lahaina this past week. Each Island is so unique and different from the other. If you are thinking of moving to “Hawaii” make sure to visit all the Islands as I’m sure you’ll find an area just perfect for your lifestyle. Some areas are more laid back and remote, while others bustle with all the energy of a big city – whatever your way of being or your interest, you truly can find “your own piece of paradise” on one of the Islands.

We stayed right on the water within walking distance of downtown Lahaina. Since Maui is protected by Lanai and Molokai, construction is much, much closer to the shoreline than here on Kauai. It almost felt like you could jump from the lanai into the ocean, it was so close. Also, the water is much calmer which is quite different than the huge swells I’ve grown accustomed to while living on Kauai’s North Shore.

Lahaina is known for its many art galleries and restaurants, and is a favorite stop for visitors. Aside from enjoying several of the restaurants, we also took in the Warren and Annabelle’s magic nightclub show which was amazing. We spent two hours laughing non-stop and had a great time. I highly recommend it. There’s also plenty of other nightlife and too many restaurants to mention, although we did enjoy MA LA, and KIMO’s is always a favorite.

I looked at the various Real Estate magazines and even stopped in at an Open House. The open house was a large 3 bed, 2.5 bath, two story home with A/C and a two car garage, along with a nice 1 bed / 1 bath Ohana unit off the garage that could easily be rented. This home was relatively new, and was off of Front Street, the main road in Lahaina. Just a 2 minute walk down the street and you were at the beach. I thought it offered quite a bit of value for the dollar for only $895K.

Real Estate finally came alive this past week with several new condo listings, several sales and three single family residence closings. Take a look:

NEW LISTINGS

271528 CND A 4 4-5-4-5-18-22 FS $340,000 Puamana #6C 1,298 #6C 2/2.00
272090 CND A 1 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,298 #8C 2/2.00
272018 CND A 3 4-5-4-5-24-34 FS $675,000 Nihilani #12B 1,874 #12B 3/2.01
272057 CND A 2 4-5-4-5-16-37 FS $679,000 Alii Kai #5101 1,086 #5101 2/2.00
272073 CND A 0 4-5-4-5-39-138 FS $684,500 Cliffs #5308 1,186 #5308 2/2.00

CONTINGENT SALES

266573 CND C 95 4-5-4-5-39-98 FS $399,000 Cliffs #4204 917 #4204 1/2.00
271780 CND C 8 4-5-4-5-23-33 FS $499,000 Plantation #911 1,153 #911 2/2.00
269014 CND C 89 4-5-4-5-13-6 FS $550,000 Kamahana #6 1,635 #6 3/2.00

EXPIRED

255479 CND X 632 4-5-4-11-3-119 FS $495,000 Hanalei Bay Resort #T33 867 #2305-6 1/2.00
261921 CND X 361 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01

PRICE CHANGES

271528 CND A 4 4-5-4-5-18-22 FS $340,000- Puamana #6C 1,298 #6C 2/2.00
262621 CND A 348 4-5-4-5-18-31 FS $350,000- Puamana #8D 1,298 #8D 2/2.00
270096 CND A 63 4-5-4-5-18-82 FS $499,900- Puamana #22D 1,664 #22D 3/3.00
268586 CND A 93 4-5-4-12-3-14 FS $679,000- Hanalei Bay Villas #14 1,244 #14 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:

Puamana 6A is new on the market priced at $340K. This is the first time it has been listed since it was purchased as a leasehold in 8/97 for $62,500. It converted to fee simple on 8/00 for $35,700. This two bedroom unit was first released at $524,900 but immediately reduced to $340K which is why you’ll also see it in the price change portion of this update. Returning to the market is Puamana 8C priced at $385K. Purchased in 11/10 for $320K, this unit was listed from 7/13 to 2/14 starting at $420K and reducing to $399K.

The developer’s final Nihilani unit is now on the market, #12B, with a list price of $675K. Ocean view Ali’i Kai 5101 is on the market at $679K. Purchased in 5/04 for $595K, it came immediately back on the market in 8/04 to 10/04 for $639K, again from 7/06 to 8/06 for $975K, then from 4/07 to 8/07 starting at $879K and reducing to $849K, from 9/07 to 4/08 for $879K, from 6/08 to 9/09 during which time it started at $849K and reduced to $649K, again from 12/09 to 6/10 for $649K, and finally from 4/12 to 10/12 for $485K.

Cliffs 5308 is new to the market priced at $684,500. This top floor unit sold for $465,185 in 2/04. It unit was listed previously from 3/09 to 4/11 starting at $750K and reducing the $675K.

Contingent:

Ocean view Cliffs 4204 found a buyer while listed for $399K after 92 market days. The seller purchased this condo for $300K on 8/12. Plantation 911, which only came on the market 6 days ago is already in escrow while listed for $499K. It was purchased for $405K in 10/05. Kamahana 6 went quickly back into escrow after falling out the first time on 3/15. It took only 5 days for a new buyer to put it back into escrow while it was listed for $550K. The prior sale was for $450K in 5/13.

Expired:

Hanalei Bay Resort 2305-06 expired after 632 market days priced at $495K. During the life of the listing there was one reduction to $425K which later went back up to $495K. It was purchased in 6/03 for $379,367. Hanalei Bay Villas #14, expired at the end of the week, after there was a price reduction, which is why it shows up on both sections of this update.

Price Changes:

As noted under new listings, Puamana 6A reduced in price as it came on the market. Puamana 8D went from $365K to $350K and last sold as a leasehold property in 8/87 for $80K converting to fee simple for $35,700 in 10/00. Also reducing is the three bedroom Pumana 22D which went from $524,900 to $499,900. Purchased as a leasehold in 6/98 for $58,500, it converted to fee simple in 1/01 for $38,675. Hanalei Bay Villas 14 which sold for $235K in 2/96, reduced from $699K to $679K.

Mow on the Princeville home update which saw one new listings and three closings.

NEW LISTINGS

271829 RES A 5 4-5-4-19-1 FS $1,295,000 4165 Liholiho Rd 25,212 sqft 3,235 4/2.01

SALES

264557 RES S 219 4-5-3-12-17 FS $1,579,000 3963 Aloalii Dr 9,316 sqft 3,247 2/2.01
SOLD 3/17/2014 for $1,325,000 (CNV) DOM 219

268665 RES S 53 4-5-4-9-16 FS $945,000 4210 Liholiho Rd 10,255 sqft 1,986 3/2.01
SOLD 3/20/2014 for $890,000 (CASH, CNV) DOM 53

266560 RES S 151 4-5-4-13-20 FS $1,100,000 3583 Keoniana Pl 12,254 sqft 1,734 3/2.00
SOLD 3/18/2014 for $1,000,000 (1031, CASH) DOM 151

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:

4165 Lihiliho is back on the market priced at $1.295M. This home which was built in 1992, last sold for $1.050M in 7/11. This home has been listed several times before, most recently from 6/13 to 3/14 when it started at $1.395M, ending at $1.245M.

Sales:

3963 Aloali’i was priced at $1.579M and sold for $1.325M. The prior sale of this home was for $2.2M in 8/06. 4210 Liholiho was listed for $945K and was previously purchased for $639K in 11/11. It sold this week for $890K cash yielding an nice little profit. 3583 Keoniana Place was listed for $1.1M and closed for $1M cash. This home sold previously for $650K in 9/05 also generating some income for the sellers.

As of today, Sunday, there are 889 active Kauai listings and 243 properties that are either in escrow or under contract. Since 1/1/2014, 209 properties have changed hands. There have been 60 sales so we’re well on our way to surpassing the 74 properties that sold last March.

If you have questions about any properties in this update, or any property on Kauai, please do not hesitate to ask. That’s why I’m here, so you get the facts before buying or selling.

Aloha Elaine

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Views from our lanai when we arrived.

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Our sunset view.

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The water was a little more choppy the following day.

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Clouds started coming in so that Lanai all but disappeared.

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The next day we were saying, “Island? What Island?”

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

Princeville Kauai condo & house update for the week of Mar 9th to Mar 15th

Aloha,

The weather is so much fun around here. We have been enjoying an exceptionally windy Sunday with average wind speeds of 31 mps and gusts up to 40. At least the sun is peeking through now and again today instead of subjecting us to the totally overcast skies we had yesterday. Judging from the weather forecast, we’re in for more of the same (along with the possibility of rain) as the week goes on. I know parts of the mainland are having some weird weather too – ours is just warmer.

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Palm fronds blowin’ in the wind.

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Don’t know if you can see it or not, but there are whitecaps everywhere.

There was quite a bit of activity this past week with a couple of new condo listings, three condos that went into escrow as well as a home that found a buyer. Take a look:

NEW LISTINGS

271694 CND A 5 4-5-3-11-1-35 FS $678,900 Villas On The Prince #35 1,732 #35 3/3.00
271780 CND A 1 4-5-4-5-23-33 FS $499,000 Plantation #911 1,153 #911 2/2.00

BACK ON THE MARKET

269014 CND A 82 4-5-4-5-13-6 FS $550,000 Kamahana #6 1,635 #6 3/2.00

CONTINGENT SALES

266314 CND C 157 4-5-4-12-10-40 FS $395,000 Emmalani Court #523 952 #523 1/2.00
270858 CND C 25 4-5-4-5-13-29 FS $399,000 Kamahana #29 1,240 #29 2/2.00
263088 CND C 308 4-5-4-6-1-12 FS $729,000 Villas Of Kamalii #12 1,825 #12 3/3.00

WITHDRAWN

271609 CND W 3 4-5-4-5-24-76 FS $699,000 Nihilani #26A 1,874 #26A 3/2.01

PRICE CHANGES

269014 CND A 82 4-5-4-5-13-6 FS $550,000- Kamahana #6 1,635 #6 3/2.00
218823 CND A 1906 4-5-4-12-5-8 LH $579,000- Pali Ke Kua #108A 717 #108 1/1.00

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 35 is back on the market priced at $678,900 since selling for $562K in 5/03. It was previously listed from 2/12 to 1/13 for $692,900 and again from 7/13 to 11/13 for $693K. Plantation 911 is now on the market with a price of $499K. This unit sold for $405K in 10/05.

Back on the Market:

Kamahana 6, which was purchased for $450Kin 5/13, had gone into escrow on 2/13 but unfortunately, fell out this past week. As it came back on the market, the unit reduced from $588K to $550K.

Contingent:

Emmalani Court 523 is going back into escrow for the second time while priced at $395K. This second floor unit was purchased for $320K in 11/02. Kamahana 29, with a list price of $399K, found a buyer after only 25 “active” days. This condo sold for $478K in 7/05. Villas of Kamali’i 12 was priced at $739K when it was withdrawn from the market on 2/26. Purchased in 2/11 for $525, it came back on the market on 3/10 showing as in escrow.

Withdrawn:

After only 3 days, Nihilani 26A was withdrawn while listed for $699K. It last sold for $520K in 3/10.

Price Changes:

As noted previously in this update, Kamahana 6 reduced from $588K to $550K as it came back on the market. Leasehold Pali Ke Kua 108, which has been on the market for 1,904 days, reduced from $629K to $579K. It was purchased for $469K in 3/02.

Now on to your Princeville residential update which is minimal:

NEW LISTINGS

271732 RES A 5 4-5-3-12-33 FS $1,295,000 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01

CONTINGENT SALES

271193 RES C 16 4-5-4-16-50 FS $750,000 4119 Rooke Pl 12,519 sqft 1,226 2/2.00

WITHDRAWN

258016 RES W 513 4-5-4-23-38 FS $699,000 3812 Iluna Pl 6,895 sqft 1,310 3/2.00

PRICE CHANGES

265764 RES A 202 4-5-4-24-11 FS $790,000- 4240 Waileia Pl 12,336 sqft 2,181 3/2.00
268856 RES A 100 4-5-4-16-46 FS $1,450,000- 4133 Rooke Pl 11,036 sqft 3,368 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:

3998 Aloali’i Dr. is back on the market at $1.295M. The lot for this home sold for $660K in 8/05 and the house built in the same year. Since that time, the home has been listed 5 times, most recently from 3/11 to 3/14, starting at $1.5M and reducing to $1.295M.

Contingent:

4119 Rooke Place wasted no time in finding a buyer, as it went into escrow within 16 days with a list price of $750K. It was purchased for slightly less in 12/05 for $740K.

Withdrawn:

3812 Iluna Place, priced at $699K, was withdrawn from the market after being offered for sale for 513 days. This home started at $719K and had one reduction to $699K during the life of the listing

Price Changes:

4240 Waileia Place reduced from $810K to $790K. This home sold for $585K in 3/11. 4133 Rooke Place, which sold as land for $323K in 6/03, reduced from $1.499M to $1.450M. That’s it for Princeville Kauai real estate this week.

Everytime I pick up a “paper” (via the internet) there’s yet another article about the housing recovery, the housing slowdown, mortgage rates going up or holding steady – you name it there’s an opinion. I think the market is in recovery although it does hit an occasional plateau now and again. As of today, Sunday, we’re up to 36 sales which is just shy of the halfway mark of 74 sales for last March.

If you have any questions about the properties in my update, or on any home on Kauai, please do not hesitate to ask. That’s why I’m here, so you get the facts before buying or selling. And if you are looking for a home in Princeville, please take a look at these two:

This home is on the Golf course with awesome views. MLS 270286 $1.199M / 3 bed/ 2 bath with an oversized lot.

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Looking for a home with privacy and a salt water lap pool? I have that too! MLS 270294 $1.279M / 3 bed/ 2 full baths / 2 half baths.

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Have a Happy St. Patrick’s day. Drink plenty of green beer along with your corned beef and cabbage.

Aloha Elaine

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

Cell: 808 639 2935
Home fax: 1 808 440 4552
soldonkauai@gmail.com
KauaiRealEstateNow.com
Activerain.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine

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

Kauai 2014 February Market Statistics

Aloha,

February 14 managed to outpace Feb 13 by 6.45% with 66 sales compared to 62 last Feb. That brings our 2014 totals to 147 compared to 111 sales at the end of last Feb. Sales were pretty consistent with the biggest increase in single family residential. There were 24 sales last Feb and 31 this Feb for a 29% increase. Land stayed fairly even with 14 parcels changing hands in Feb 13 which dropped to 13 for Feb 14. Twenty one condos sold both in Feb 13 and 14. There were 3 commercial sales in Feb 13 and only 1 this past Feb.

Feb 14 is the highest performing Feb since 2009, which had only 26 sales. The best performing Feb, prior to this year, is Feb 11 with 64 sales.

Sales volume saw a very minor .13% decline, with $43,099,341 sales in Feb 13 and $43,043,900 sales in Feb 14. This number might make you think prices overall are declining but Feb 13 had approximately $16.5M in residential, $17.9M in land, $2M in commercial and $6.4M in condos. For Feb 14 the residential sales were approximately $21.8M, land was slightly lower at $11.3M, commercial was 53% lower with only $956K in sales, while condos went up from $6.4M to $8.8M.

This is slightly lower than the high month of Feb 11 which had $44,878,700 in sales. Once again, within the last 6 years, Feb 09 was the low point with a mere $11,971,100 in sales. Pretty unbelievable when you look back at it!

Median sales were down, up, up and up. To explain – residential for Feb 13 to 14 went down from $512,400 to $499K, land went up from $332,500 to $545K, commercial went way up from $450K to $965K while condos went up from $225K to $340K. Keep in mind, these are all median prices.

To see the full MLS statistical report please click here where I post it each month on my website. Questions? Don’t hesitate to text or email.

Aloha Elaine

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Red crested cardinal

The Red-crested Cardinal gets its common name from its red head crest. Native to northern Bolivia, Argentina, parts of Brazil, Uruguay and feeds on seeds and small arthropods on or near the ground. They can often be seen perched on my lanai railing.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) update for the week of Mar 2nd to Mar 8th

Aloha,

Finally, the sun has come out! The last couple of days there’s been a “weather system” hovering over the Island, which brought very cool temps, (in the 60′s) wind and rain. Today the sun is trying to dominate but it remains questionable as to if the sun or rain will win out.

The weather didn’t slow down the market, which had a strong showing in condos with 4 new listings, one of which came on the market showing as in escrow while another went into escrow within a day of coming on the market. Three others units found a buyer, plus one unit hit the market showing as sold for cash. There’s a lot of cash buyers out there, which can occasionally make it hard for a financed buyer to compete. Take a look for yourself at last week’s activity:

NEW LISTINGS

271497 CND A 2 4-5-4-5-15-6 FS $475,000 Paliuli #6 1,337 #6 2/2.00
271609 CND A 1 4-5-4-5-24-76 FS $699,000 Nihilani #26A 1,874 #26A 3/2.01
271553 CND A 4 4-5-4-12-11-37 FS $1,799,500 Puu Poa #309 1,352 #309 2/3.01
271542 CND C 4 4-5-4-5-7-36 FS $460,000 Sealodge #D7 746 #D7 2/2.00

CONTINGENT SALES

263326 CND C 306 4-5-3-6-22-25 FS $1,195,000 Kaiulani #25 2,864 #25 3/3.01
263776 CND C 283 4-5-4-12-10-6 FS $449,000 Emmalani Court #214 1,192 #214 2/2.00
271542 CND C 4 4-5-4-5-7-36 FS $460,000 Sealodge #D7 746 #D7 2/2.00
271497 CND C 2 4-5-4-5-15-6 FS $475,000 Paliuli #6 1,337 #6 2/2.00
271108 CND C 15 4-5-4-5-24-28 FS $679,500 Nihilani #10A 1,874 #10A 3/2.01

SALES

263812 CND S 0 4-5-4-5-3-22 FS $219,000 Paniolo #208 1,058 #208 1/2.00
SOLD 3/5/2014 for $223,300 (CASH) DOM 0

WITHDRAWN

267606 CND W 135 4-5-4-12-11-37 FS $1,799,500 Puu Poa #309 1,352 #309 2/3.01

PRICE CHANGES

267705 CND A 138 4-5-4-5-17-39 FS $399,000- Alii Kai #12G 1,037 #12G 2/2.00
270096 CND A 49 4-5-4-5-18-82 FS $524,900- Puamana #22D 1,664 #22D 3/3.00
270407 CND A 32 4-5-4-5-18-76 FS $549,900+ Puamana #21B 1,426 #21B 3/2.00
267324 CND A 103 4-5-4-6-1-46 FS $689,000- Villas Of Kamalii #46 1,825 #46 3/3.00
265174 CND A 68 4-5-4-5-16-17 FS $695,000- Alii Kai #3101 1,086 #3101 2/2.00
269840 CND A 52 4-5-4-5-16-34 FS $699,000- Alii Kai #4302 1,086 #4302 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:

Paliuli 6 is a new listing priced at $475K after selling for $150K in 5/96. It was only on the market for a day and a half when it went into escrow. You’ll see it below under “contingent.” Yet another Nihilani unit is now on the market, unit 26A, with a list price of $699K. This Makani floorplan townhome was purchased for $520K in 3/10.

The list agent for Pu’u Po’a 309 changed brokerage so 309 shows as a new listing although the list price is the same as before at $1,799,500. It sold for $1,730,338 in 9/05 and was listed several times throughout 05-08. It also shows up under the “withdrawn” portion of this update as it was removed from the agent’s prior brokerage.

Sealodge D7 has been listed quite a few times before, but this time it came on the market priced at $460K showing as in escrow. This 2 bedroom unit was purchased for $720K in 3/05.

Contingent:

Ka’iulani 25 has been on the market for 303 and finally went into escrow this week while priced at $1.195M. This townhome sold at a very attractive price of $995K in 10/10 and will undoubtedly yield some gain for this seller! Emmalani Court 214 is going into escrow for the third time as a short sale priced at $449K. The last sale was $763K in 6/07.

As noted under New Listings, Sealodge D7 came on the market in escrow. Nihilani 10A wasted no time in going into escrow, doing so in only 10 days with a price tag of $679,500. This Makani style unit sold for $645K from the developer in 8/09.

Sales:

Short sale Paniolo 208 priced at $219K sold before even hitting the market, for $223,300 cash. This condo last sold for $527K in 3/06.

Withdrawn:

As noted under New Listings, the list agent for Pu’u Po’a 309 changed brokerages so it was withdrawn from the old Company and relisted with the new.

Price Changes:

Ali’i Kai 12G was purchased for $410K in 11/12 and reduced from $429K to $399K this week. Puamana 22D, an original 3 bedroom 3 bath unit, reduced from $529,900 to $534,900. The owner purchased it on 6/98 for $58,500 as a leasehold unit then converted to feel simple in 1/01 for $38,675. Puamana 21B, which was originally built as a 2 bedroom but is now a 3 bedroom, increased from $539,900 to $549,900. It sold as a leasehold unit in 4/99 for $70K then converted to fee simple for $35,700 in 7/00. Villas of Kamali’i 46 made a small change going from $699K to $689K. The last sale of this townhome was for $615K in 4/04.

Ali’i Kai 3101 was previously purchased for $325K in 10/019 and reduced from $779K to $699K. Also reducing in Ali’i Kai is unit 4302 which went from $779K to $699K after selling for $150K in 4/99.

Now on to your Princeville Hawaii single family home update which was pretty minimal:

NEW LISTINGS

268192 RES A 2 4-5-4-10-43 FS $1,325,000 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00

BACK ON THE MARKET

263603 RES A 294 4-5-4-13-6 FS $999,999 3695 Kaweonui Rd 11,121 sqft 2,428 4/2.00

PRICE CHANGES

254296 RES A 675 4-5-4-4-45-2 FS $5,250,000- 5071 Hanalei Plantation Rd 24,799 sqft 2,488 #B 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.

New Listings:

5340 Honoiki is back on the market with a new list price of $1.325K after selling for $500K in 5/01. Built in 1980, this home was previously listed from 4/10 to 4/11 starting at $1.595M, reducing to $1.3M by the time it expired, and again from 3/12 to 12/12 for $1.295M when it expired for a second time.

Back on the Market:

3695 Kaweonui is back on the market after expiring with 290 market days at the same price of $999,999. It sold from the bank for $575K in 10/09.

Price Changes:

The home at 5071 Hanalei Plantation road reduced from $5.5M to $5.25M. This is a magnificent home with view of Hanalei Bay, Bali Hai, the mountains, just about everything! I love this home as it is filled with high end finishes but manages to escape being “overdone” and instead exudes a Island elegance and simplicity. If you want to see this home (or any other property) I’d love to show you!

Our statistical “target” for this month is 74 which is the number of transactions for last March. Fourteen sales have already been posted so things need to pick up as we go through this month in order to beat that number. As of today, Sunday, there are 227 properties currently in escrow so there’s definitely hope.

If you’re looking to buy or sell, please text or email me. I have two beautiful Princeville homes to show you along with a three bedroom condo complete with excellent tenants. Please do not hesitate to contact me about these or ANY Kauai properties. I’m here to make sure you have the FACTS!

Aloha Elaine

3-4-14 Hibiscus purple
You know how much I love Hibiscus – first time I’ve ever seen one this color!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

Princeville Kauai condo (and house) update for the week of Feb 23rd to Mar 1st

Aloha,

The rain is back on this Sunday although not as heavy as it’s been recently. Along with it, we have high surf which is always a beautiful sight to see. You know the surf is high when I can see whitewater from my lanai. IMG_4954 No matter how good or bad the weather is here, Paradise still shines through. The green of the bluff flows into the valley where there is an even greater choice of the color green. Flanked by the grey clouds and ocean, the colors of the landscaping and grass just seems to pop.

IMG_4957

IMG_4958

Island wide, there were 36 new listings this week, 8 that came back on the market, 27 properties that went into escrow or under contract, 17 sales, 13 expired, and 19 price changes. As of today, Sunday, statistics show this Feb is 4.84% ahead of Feb 13 sales with 65 compared to 62. Not much of an increase!

Take a look below to see what went on in Princeville condos:

NEW LISTINGS

271350 CND A 3 4-5-4-5-24-35 FS $595,000 Nihilani #12A 1 #12A 2/2.00
271347 CND C 3 4-5-4-5-24-36 FS $665,000 Nihilani #12C 1,972 #12C 3/3.00

BACK ON THE MARKET

266314 CND A 143 4-5-4-12-10-40 FS $395,000 Emmalani Court #523 952 #523 1/2.00

CONTINGENT SALES

268786 CND C 61 4-5-4-5-18-8 FS $365,000 Puamana #2D 1,298 #2D 2/2.00
271347 CND C 3 4-5-4-5-24-36 FS $665,000 Nihilani #12C 1,972 #12C 3/3.00

SALES

268059 CND S 62 4-5-4-5-12-20 FS $375,000 Sealodge #H2 567 #H2 1/1.00
SOLD 2/27/2014 for $360,000 (CASH, CNV) DOM 62

266622 CND S 105 4-5-4-12-10-13 FS $599,000 Emmalani Court #311 1,456 #311 2/2.00
SOLD 2/28/2014 for $570,000 (CASH) DOM 105

266678 CND S 121 4-5-4-5-23-43 FS $619,500 Plantation #1121 1,318 #1121 3/3.00
SOLD 2/27/2014 for $605,000 (CASH) DOM 121

UNDER CONTRACT

256134 CND U 575 4-5-4-5-23-1 FS $380,000 Plantation #111 1,153 #111 2/2.00

WITHDRAWN

263088 CND W 303 4-5-4-6-1-12 FS $729,000 Villas Of Kamalii #12 1,825 #12 3/3.00

PRICE CHANGES

263326 CND A 299 4-5-3-6-22-25 FS $1,195,000- Kaiulani #25 2,864 #25 3/3.01
268103 CND C 117 4-5-4-5-39-175 FS $679,000- Cliffs #8201 963 #8201 1/2.00
256134 CND U 575 4-5-4-5-23-1 FS $380,000+ Plantation A#111 1,153 #111 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:

Two of the developer’s last few Nihilani condos came on the market. Nihilani 12A is a Moana unit priced at $595K. Nihilana 12C is the largest unit, the Mahina, and came on the market priced at $665K showing as being in escrow.

Back on the Market:

Unfortunately Emmalani Court 523, with a price of $395K fell out of escrow after going in on 2/13. This upstairs until sold previously for $320K in 11/02.

Contingent:

Puamana 2D was purchased by the seller as a leasehold unit in 7/84 and converted to fee simple in 7/01 for $35,700. It was listed for $395K when it found a buyer this week after 59 market days. As noted above, Nihilani 12C came on the market showing as in escrow.

Sales:

Sealodge H2 was listed for $375K and sold for $360K cash. The seller purchased this unit for $128K in 7/89. Emmalani Court 311 sold for $570K cash while being listed for $599K. The prior sale was for $695K in 8/05. Also selling this week is Plantation 1121, closing for $605K cash after being listed for $619,500. The prior sale of this condo was for $700K in 6/07.

Under Contract:

Short sale Plantation 111 with a list price of $380K went into escrow on 2/13 and moved to under contract this week. The seller purchased this condo for $620K in 5/06.

Withdrawn:

Villas of Kamali’i 12, priced at $750K, and purchased previously for $750K in 6/05, was withdrawn from the market after 303 days.

Price Changes:

Ka’iulani 25 made a substantial reduction this week going from $1.295M to $1.195M. It was purchased for $995K in 10/10. Short sale Plantation 111, which is in escrow, increased in price from $375K to $380K. This downstairs unit sold for $620K in 5/06. Cliffs 8201 reduced from $695K to $675K. This ocean view condo sold for $1.075M in 4/06 and is currently in escrow. Perhaps the price reduction is foreshadowing of what the sale price will be. That remains to be seen.

Now on to your weekly update for Princeville single family residences:

NEW LISTINGS

271193 RES A 2 4-5-4-16-50 FS $750,000 4119 Rooke Pl 12,519 sqft 1,226 2/2.00

BACK ON THE MARKET

267696 RES A 131 4-5-4-23-53 FS $729,000 3785 Milimakani Pl 7,812 sqft 1,678 3/2.00

SALES

264629 RES S 159 4-5-4-19-2 FS $1,495,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.01
SOLD 2/28/2014 for $1,400,000 (CASH, CNV) DOM 159

EXPIRED

263603 RES X 290 4-5-4-13-6 FS $999,999 3695 Kaweonui Rd 11,121 sqft 2,428 4/2.00
263841 RES X 266 4-5-4-19-1 FS $1,245,000 4165 Liholiho Rd 25,212 sqft 3,235 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:

4119 Rooke Place makes it debut as a new listing priced at $750K since selling for $740K in 12/05.

Back on the Market:

3785 Milimakani went into escrow on 2/13 and fell back out of escrow while priced at $725K. This home last sold for $800K in 5/08.

Sales:

5074 Napookala sold for $1.2M in 2/12 and sold again this week for $1.4M while listed for $1.495M.

Expired:

Two homes expired this week. 3695 Kaweonui last sold for $575K in 10/09 and came off the market after 290 days while priced at $999,999. 4165 Liholiho also expired with a list price of $1.245M. This unit was purchased for $1.050M in 7/11 and had been listed for 266 days.

That’s it for Princeville homes this week. As of right now, there are only 39 homes for sale in Princeville ranging in price from $649K to $8.9M which is for two homes with what I consider the best views on the Island. Interested in a condo? There are 71 listings with a start price of $340K up to $1.8M for a Hanalei Bay Resort unit. If you are interested in any of these properties, or any Kauai property, please do not hesitate to email or text me. That’s why I’m here, so you get the facts before buying of selling.

Aloha Elaine

IMG_4959

IMG_4956
View from my condo today.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai


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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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