Princeville condo (and house) update for the week of Jan 31st to Feb 6th
Aloha,
It was another glorious week here in Paradise, so much so that we even went for a motorcycle ride Saturday down to Lihue to take in a movie. It was equally beautiful Sunday so we went down to the beach in Kapaa (for a change of venue) and soaked up some sun.
January 2010 closed out the month well above January 2009 with 54 transactions compared to only 20 in ‘09. This is almost as much as December 2009 which ended up with 59 total. Let’s hope February follows in January’s footsteps. It won’t be hard to outdo the number of sales in Feb 09 as there were only 26. Now on to your update:
Copyright 2/7/2010 by Hawaii Information Service
NEW LISTINGS
231596 T A 4 4-5-4-12-2-35 FS $329,000 Hale Moi #215 1,033 #215 1/2
231884 T A 1 4-5-4-6-1-29 FS $749,000 Villas Of Kamalii #29 1,825 #29 3/3
BACK ON THE MARKET
206436 T A 729 4-5-4-15-21-7 FS $265,000 Sandpiper Village I #107 1,042 #107 2/2
CONTINGENT SALES
229454 T C 48 4-5-4-5-24-76 FS $539,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
WITHDRAWN
218650 T W 427 4-5-3-6-22-52 FS $1,749,000 Kaiulani Of Princeville #52 2,479 #52 3/3
218644 T W 427 4-5-3-6-22-11 FS $1,995,000 Kaiulani Of Princeville #11 2,864 #11 3/3.5
206918 T W 925 4-5-4-5-18-91 FS $385,000 Puamana #25B 1,532 #25B 2/2
228792 T W 85 4-5-4-5-24-72 FS $798,000 Nihilani At Princeville Resort #24C 1,972 #24C 3/3
PRICE CHANGES
229521 T A 80 4-5-4-15-21-15 FS $214,900- Sandpiper Village I #115 1,042 #115 2/2
230720 T A 34 4-5-4-5-27-18 FS $310,000- Hale Honu #9B 1,085 #9B 3/2
231100 T A 24 4-5-4-5-16-50 FS $486,900- Alii Kai At Hanalei #6102 1,088 #6102 2/2
229660 T A 69 4-5-4-5-24-44 FS $565,000- Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
226784 T A 170 4-5-4-6-1-12 FS $730,000- Villas Of Kamalii #12 1,825 #12 3/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Hale Moi 215 returns to active status, having previously been listed from 4/06 to 3/07 starting at $629,900 and ending at $560K when it was withdrawn. It was listed again from 4/07 to 4/09 during which time it went from $559K to $529K when it expired with 729 market days. This time unit 215, which sold for $425K in 8/04, is newly listed at $329K as a short sale. Also back on the market is Villas of Kamali’i 29 which sold for $750K in 6/05. This unit was listed from 2/08 to 2/09 starting at $925K and reducing to $855K when it was withdrawn. It was relisted in 6/09 to 1/2010 for $839K. It is now listed for $749K.
Sandpiper 107 is back on the market after expiring listed at $265K which is still the list price. This unit sold for $365K in 9/04 and started out with a price of $419K. This is not a short sale.
Nihilani 26A went quickly into escrow this week with only 46 market days, having reduced to $539K from the original start price of $589K. 26A sold from the developer on 12/06 for $805K.
Two developer’s Ka’iulani units were withdrawn this week, unit 52 listed for $1.749M and unit 11 listed for $1.995M. Puamana 25B, listed at $385K and purchased for $380K in 9/04 was also withdrawn from the market. Nihlani 24C, a resale listed for $798K withdrew from the market. This unit sold from the developer in 12/06 for $876,145.
As for price changes: Sandpiper 115, which sold for $180K in 12/01 and was foreclosed on in 7/09 reduced from $224,900 to $214,900. I looked at this unit and other day and it is surprisingly clean and tidy for a foreclosure although it could use some updating. Hale Honu 9B which sold for $355K in 4/04 reduced from $324K to $310K. Ali’i Kai 6102 went from $499,900 to $486,900 and last sold for $140K in 8/98. The developer’s Nihilani unit 15B went from $585K to $565K while Villas of Kamali’i made a token reduction from $735K to $730K. This unit last sold for $750K in 6/05.
Now on to your Princeville home update:
Copyright 2/7/2010 by Hawaii Information Service
NEW LISTINGS
231558 RS A 5 4-5-3-12-4 FS $1,895,000 4035 Aloalii Dr 9,415 sqft 3,232 3/3
UNDER CONTRACT
224805 RS U 197 4-5-4-23-46 FS $549,000 3785 Moae Pl 6,894 sqft 1,199 2/2
EXPIRED
220820 RS X 352 4-5-4-13-40 FS $995,000 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5
220890 RS X 364 4-5-4-18-56 FS $1,450,000 4158 Kamalani Ln 16,029 sqft 2,834 3/2.5
WITHDRAWN
226182 RS W 190 4-5-4-16-7 FS $795,000 5029 Emmalani Dr 10,500 sqft 3,304 4/3
TEMPORARILY WITHDRAWN
230076 RS T 60 4-5-4-14-4 FS $895,000 3792 Keli’i Pl 10,481 sqft 2,523 3/2.5
PRICE CHANGES
229317 RS A 83 4-5-3-11-32 FS $1,349,000- 4066 Aloalii Dr 13,511 sqft 2,784 3/2.5
227009 RS A 110 4-5-3-12-3 FS $1,888,000- 4043 Aloalii Dr 8,972 sqft 3,588 3/3.5
227993 RS A 130 4-5-4-18-24 FS $597,000- 4679 Emmalani Dr 11,128 sqft 1,861 3/3
210765 RS A 642 4-5-4-23-24 FS $629,000- 3807 Makani Kai Pl 10,386 sqft 1,535 3/2
229218 RS A 87 4-5-4-24-11 FS $649,000- 4240 Waileia Pl 12,336 sqft 2,074 3/2
227771 RS A 142 4-5-4-13-72 FS $998,000- 3661 Albert Rd 10,466 sqft 2,655 3/3.5
226733 RS A 177 4-5-4-18-10 FS $2,950,000- 4184 Mahina Pl 12,200 sqft 3,927 3/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I’ve been seeing more buyers coming into the office and agents out showing property which I hope will translate into sales. As of today (2/8/10) there are 132 condo listings and 63 residential listings in Princeville which includes Queen Emma’s Bluffs. If you’ve been out to look lately, you know those numbers are deceiving because there’s only a few that will catch your attention. Now is the time to look though, while the choices are there. If you are thinking of buying or selling don’t forget to call or email for the facts. That’s it for this week.
Aloha Elaine
Late in the day at a Kapaa Beach.
Afternoon sun behind the swaying palms.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Jan 24th to 30th
Aloha,
January is starting the year out right with several new escrows this week. Nice to see some result from all of the showings that have been ongoing. Take a look for yourself:
Copyright 1/31/2010 by Hawaii Information Service
NEW LISTINGS
231629 T A 2 4-5-4-5-4-12 FS $575,000 Princeville Mauna Kai #2B 2,100 #2B 3/3
231254 T A 3 4-5-4-5-13-11 FS $599,000 Kamahana #11 2,073 #11 3/2
231471 T A 2 4-5-4-6-1-4 FS $895,000 Villas Of Kamalii #4 1,766 #4 3/3
CONTINGENT SALES
226124 T C 188 4-5-4-5-3-3 FS $239,000 Princeville Paniolo #103 1,058 #103 1/2
227584 T C 135 4-5-4-15-21-28 FS $325,000 Sandpiper Village I #128 1,042 #128 2/2
229003 T C 87 4-5-4-5-24-8 FS $385,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
230507 T C 38 4-5-4-5-16-56 FS $426,800 Alii Kai At Hanalei #7201 886 #7201 2/2
229489 T C 75 4-5-4-5-16-45 FS $530,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
229125 T C 86 4-5-4-5-16-33 FS $599,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2
227179 T C 103 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
SALES
228973 T S 71 4-5-4-12-8-24 LH $399,000 Pali Ke Kua Ii #130 1,100 #130 2/2
SOLD 1/28/2010 for $350,000 (CASH) DOM 71
EXPIRED
206436 T X 722 4-5-4-15-21-7 FS $265,000 Sandpiper Village I #107 1,042 #107 2/2
TEMPORARILY WITHDRAWN
227816 SH T 132 4-5-4-15-21-28 FS $179,000 Sandpiper Village I #128 1,042 #128 2/2
PRICE CHANGES
227646 T A 135 4-5-4-5-13-2 FS $339,000- Kamahana #2 1,171 #2 2/2
229454 T A 41 4-5-4-5-24-76 FS $539,000- Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
229125 T C 86 4-5-4-5-16-33 FS $599,000- Alii Kai At Hanalei #4301 1,086 #4301 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Mauna Kai 2B returns to the market listed at $575K. This unit sold for $240K in 4/01 and was previously listed from 3/08 to 12/09, starting at $650K and reducing to a low of $497K before withdrawing from the market while listed at $525K. During the life of the listing the unit went into escrow twice but was unable to close. Kamahana 11 is new on the market at $599K after selling for $570K in 8/04. The final listing this week is Villas of Kamali’i 4, priced at $895K. This unit was purchased for $900K in 3/07 and was previously listed from 3/09 to 10/09 starting at $945K and reducing to $925K during the life of the listing.
It’s nice to see so many units in escrow this week, starting with Paniolo 103. This is probably the only unit in a long time that has been successfully “flipped.” Purchased in 7/09 for $184,900 (as a bank REO) and on the market at $239K it looks like this seller may be able to get a little cash flow out of the deal. Sandpiper 128, a short sale which last sold for $490K in 6/05 is now in escrow listed at $325K. The Nihilani developer put another unit in escrow this week: the Hoku floor plan unit 3B which is listed for $385K.
It looks like there was a fire sale at Ali’i Kai this week with several ocean view units going into escrow all at once! 7201, listed at $426,800, last sold for $380K in 9/03 and is a bank REO. Ali’i Kai 5301 sold for $977K and is listed for $530,900 and is also a bank REO. Alii’i Kai 4301, a short sale purchased for $1,157,500 in 6/06 went into escrow listed at $599K. Villas of Kamali’i 54 is the last unit going into escrow this week while listed at $849K. This unit sold for $607,500 in 11/03.
Leasehold Pali Ke Kua 130, and agent owned unit purchased for $429K in 3/06 closed for $350K while listed for $399K, gaining the seller a tax write off.
Sandpiper 107, purchased for $365K in 9/04 expired while listed for $265K. The fractional share of Sandpiper 128 was temporarily withdrawn from the market since the whole unit went into escrow this week.
As for price changes, Kamahana 2 reduced to $339K from $390K and last sold for $136K in 11/94. Nihilani 26A which sold from the developer on 12/06 for $805K reduced to $539K from $589K. The final reduction is on Ali’i Kai 4301 which reduced from $685K to $599K on 1/27 after which time it went into escrow on 1/30.
Now on to your Princeville home update: Copyright 1/31/2010 by Hawaii Information Service
NEW LISTINGS
227098 RS A 5 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
BACK ON THE MARKET
226182 RS A 187 4-5-4-16-7 FS $795,000 5029 Emmalani Dr 10,500 sqft 3,304 4/3
227098 RS A 5 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
CONTINGENT SALES
229557 RS C 68 4-5-4-13-54 FS $895,000 3646 Keoniana Rd 11,539 sqft 1,578 3/2
223397 RS C 286 4-5-4-18-37 FS $949,000 4193 Kamalani Ln 10,006 sqft 3,320 4/3
EXPIRED
220531 RS X 220 4-5-4-13-44 FS $799,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
WITHDRAWN
220782 RS W 353 4-5-4-4-40 FS $16,900,000 4951 Hanalei Plantation Rd 1.08 ac 5,800 4/5
PRICE CHANGES
229892 RS A 55 4-5-4-13-26 FS $849,000- 3587 Kaweonui Rd 10,401 sqft 2,426 4/2.5
226493 RS A 173 4-5-4-19-16 FS $867,000- 5112 Napo’okala Cir 15,320 sqft 2,196 3/2.5
217834 RS A 440 4-5-4-9-33 FS $1,379,000- 4221 Kekuanao’a Ln 17,811 sqft 3,232 4/3
225837 RS A 170 4-5-4-7-6 FS $1,450,000- 3932 Namakeha Lp 12,575 sqft 2,848 4/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Still plenty of good buys out there if you have the time and money to look. If you want the facts before you start looking (or before putting your property on the market) please call or email. That’s why I’m here!
Aloha Elaine
Must be close to dinner time. Here come the Nene….
Standing on the lanai looking for a handout. On the endangered species list, no one told the Nene they’re not supposed to be fed!
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Jan 17th to 23rd
Aloha,
This is a relatively short update this week with only one new listing, two units going into escrow, a couple of units back on the market and some price changes. Let’s get right to it…
Copyright 1/24/2010 by Hawaii Information Service
NEW LISTINGS
231228 T A 4 4-5-3-6-22-68 FS $995,000 Kaiulani Of Princeville #68 1,892 #68 2/2.5
BACK ON THE MARKET
225686 T A 195 4-5-4-5-16-57 FS $475,000 Alii Kai At Hanalei #7202 886 #7202 2/2
213606 T A 555 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
CONTINGENT SALES
225622 T C 198 4-5-4-5-18-39 FS $365,000 Puamana #11B 1,673 #11B 3/3
228145 T C 111 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2
PRICE CHANGES
224335 T A 241 4-5-4-15-21-11 FS $240,000- Sandpiper Village I #111 1,042 #111 2/2
225686 T A 195 4-5-4-5-16-57 FS $475,000- Alii Kai At Hanalei #7202 886 #7202 2/2
226784 T A 156 4-5-4-6-1-12 FS $740,000- Villas Of Kamalii #12 1,825 #12 3/3
224493 T A 241 4-5-4-12-3-9 FS $899,000- Hanalei Bay Villas #9 1,244 #9 2/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ka’iulani 68 is new on the market at $995K since selling from the developer for $898,250 in 1/08. Agent owned Ali’i Kai 7202 is back on the market after expiring while listed at $499K. It comes back on the market at the reduced price of $475K. This unit sold for $115K in 1/88. Cliffs 9302, priced at $875K and purchased for $205K in 9/99 is back on the market after expiring. This unit came on the market at $945K 551 days ago.
Puamana 11B went into escrow while priced at $365K. This unit last sold for $445,500 in 9/07 and started out on the market at $400K. Also going into escrow is Pu’u Po’a 103 priced at $999K. This unit sold for $695K in 7/03.
On to price changes: Sandpiper 111, purchased for $215K in 2/03 reduced from $260K to $240K. Ali’i Kai 7202, as noted under the ‘back on the market’ portion of this report, went from $499K to $475K. Villas of Kamali’i 12, went from $745K to $740K and last sold for $750K in 6/05. Hanalei Bay Villas #9 was purchased for $855K in 12/08 and reduced this week to $899K from $955K. This is one of the shortest updates I’ve done in awhile!
Now on to your Princeville home update:
Copyright 1/24/2010 by Hawaii Information Service
NEW LISTINGS
231419 RS A 2 4-5-4-22-4 FS $475,000 4087 Nalani Ln 11,244 sqft 1,424 3/2
231112 RS A 4 4-5-4-13-48 FS $699,000 3677 Keoniana Rd 11,432 sqft 2,066 2/2.5
BACK ON THE MARKET
186555 RS A 1,127 4-5-4-4-38 FS $7,999,000 4971 Hanalei Plantation 1.25 ac 4,630 4/4.75
CONTINGENT SALES
230899 RS C 16 4-5-4-16-19 FS $500,000 4064 Kaa’humanu Pl 12,058 sqft 2,274 2/3
229705 RS C 217 4-5-4-19-19 FS $670,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
227098 RS C 150 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
SALES
219545 RS S 318 4-5-4-22-26 FS $545,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
SOLD 1/19/2010 for $520,000 (CNV) DOM 318
WITHDRAWN
216647 RS W 474 4-5-4-18-17 FS $670,000 4725 Emmalani Dr 10,248 sqft 1,388 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I am as suprised as you to see a home listed for $475K in Princeville. This agent owned short sale has been on the market extensively since being purchased in $599K in 10/04. It was first on the market from 11/05 to 6/08 starting at $975K, dropping to a low of $685K, and ending at $799K. This home came back on the market in 10/08 at $695K which was withdrawn 93 days later in 1/09 listed at $689K. During this period the low list price was $629K. Although this 1984 built home needs renovation, it is on a large 11,244 sqft corner lot. It’s a great property for someone who is “hands on” for remodeling.
That’s it for this week. There seems to be quite a bit more activity in the market this month which I hope will translate into a productive 2010 for all of us. If buying or selling is on your mind this year, please call or email for the facts. That’s why I’m here.
Aloha Elaine
My horse has been recovering from a leg injury. Thought you might enjoy a shot of her with my husband in the saddle.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Jan 10th to 16th
Aloha,
As we work our way through the first month of 2010, it seems that real estate activity in the way of showings has definitely increased. I’ve had several agents tell me that their “snowbirds” are here looking for a part time or permanent place to thaw out. Maybe all those cold temps elsewhere thoughout the mainland will work to our advantage. We’ll just have to wait and see if units start going into escrow as a result. On to your update:
Copyright 1/17/2010 by Hawaii Information Service
NEW LISTINGS
231100 T A 3 4-5-4-5-16-50 FS $499,900 Alii Kai At Hanalei #6102 1,088 #6102 2/2
230817 T A 6 4-5-4-12-9-9 FS $589,000 Pali Ke Kua Iii #13 1,135 #13 2/2
BACK ON THE MARKET
204804 T A 584 4-5-4-5-39-33 FS $275,000 Cliffs At Princeville #2103 917 #2103 1/2
225622 T A 191 4-5-4-5-18-39 FS $365,000 Puamana #11B 1,673 #11B 3/3
215773 SH A 227 4-5-4-5-27-7 FS $459,000 Hale Honu #4A 866 #4A 2/1
CONTINGENT SALES
228973 T C 76 4-5-4-12-8-24 LH $399,000 Pali Ke Kua Ii #130 1,100 #130 2/2
213707 T C 1,015 4-5-4-5-16-41 FS $599,000 Alii Kai At Hanalei #5201 1,086 #5201 2/2
EXPIRED
213606 T X 549 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
WITHDRAWN
229384 T W 64 4-5-3-11-1-19 FS $844,000 Villas On The Prince #19 1,732 #19 3/3
TEMPORARILY WITHDRAWN
181966 T T 582 4-5-4-15-21-50 FS $399,999 Sandpiper Village I #213 1,173 #213 2/2.5
PRICE CHANGES
224335 T A 234 4-5-4-15-21-11 FS $260,000- Sandpiper Village I #111 1,042 #111 2/2
204804 T A 584 4-5-4-5-39-33 FS $275,000+ Cliffs At Princeville #2103 917 #2103 1/2
229139 T A 72 4-5-4-5-17-15 FS $299,000- Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
225622 T A 191 4-5-4-5-18-39 FS $365,000- Puamana #11B 1,673 #11B 3/3
227781 T A 113 4-5-4-5-16-9 FS $399,000- Alii Kai At Hanalei #2101 1,086 #2101 2/2
227263 T A 135 4-5-4-5-24-46 FS $399,000- Nihilani At Princeville Resort #16A 1,406 #16A 2/2
192528 T A 1,046 4-5-4-5-13-27 FS $419,000- Kamahana #27 1,732 #27 2/2
230507 T A 24 4-5-4-5-16-56 FS $426,800- Alii Kai At Hanalei #7201 886 #7201 2/2
228374 T A 100 4-5-4-5-23-55 FS $449,000- Plantation At Princeville #1421 1,318 #1421 3/3
215773 SH A 227 4-5-4-5-27-7 FS $459,000+ Hale Honu #4A 866 #4A 2/1
227495 T A 123 4-5-4-5-7-26 FS $545,000- Princeville Sealodge #C6 564 #C6 1/1
225391 T A 202 4-5-4-5-24-2 FS $559,000- Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ali’i Kai 6102 joins several other ocean view bank REO Ali’i Kai units already on the market. This one last sold for $140K in 8/89 and is listed for $499,900. This unit was previously listed for 10/08 to 9/09 for a much higher $839K at which time it was not bank owned. Here are the other Ali’i Kai units currently on the market. You’ll see there is quite a price spread:
Copyright 1/17/2010 by Hawaii Information Service
227781 T A 113 4-5-4-5-16-9 FS $399,000 Alii Kai At Hanalei #2101 1,086 #2101 2/2
230507 T A 24 4-5-4-5-16-56 FS $426,800 Alii Kai At Hanalei #7201 886 #7201 2/2
200564 T A 153 4-5-4-5-16-2 FS $498,000 Alii Kai At Hanalei #1102 1,086 #1102 2/2
225686 T A 188 4-5-4-5-16-57 FS $499,000 Alii Kai At Hanalei #7202 886 #7202 2/2
231100 T A 3 4-5-4-5-16-50 FS $499,900 Alii Kai At Hanalei #6102 1,088 #6102 2/2
210873 T A 566 4-5-4-5-16-52 FS $529,000 Alii Kai At Hanalei #7101 886 #7101 2/2
229489 T A 61 4-5-4-5-16-45 FS $530,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
228953 T A 27 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
229125 T A 72 4-5-4-5-16-33 FS $685,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2
227937 T A 109 4-5-4-5-16-51 FS $725,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2
230300 T A 141 4-5-4-5-16-35 FS $750,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2
212982 T A 558 4-5-4-5-16-28 FS $875,000 Alii Kai At Hanalei #4104 1,086 #4104 2/2
226466 T A 144 4-5-4-5-16-36 FS $875,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2
210757 T A 621 4-5-4-5-16-26 FS $888,000 Alii Kai At Hanalei #4102 1,086 #4102 2/2
228874 T A 76 4-5-4-5-16-24 FS $940,000 Alii Kai At Hanalei #3204 1,085 #3204 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Pali Ke Kua 13, purchased for $121K in 8/96 is back on the market once again listed for $589K. It was listed from 3/08 to 11/09 starting at $699K and ending at the current price.
Several units are back on the market this week, starting with Cliffs 2103 which unfortunately fell out of escrow after going contingent on 11/3/09. The prior offer on this short sale was rejected by the bank while priced at $230K (not known what the offer price was) and is now listed at $275K, a bank approved list price. This unit sold in 12/98 for $50K as a leasehold and converted to fee simple in 6/03 for $63K. You’ll also see it under the price change portion of this update.
Also coming back is Puamana 11B which expired listed at $375K. It is back on the market at $365K and is also under the price change portion of this report. This unit sold for $445,500 in 9/07.
Hale Honu 4A, purchased for $153K in 5/02 is back on the market after being withdrawn several months ago. This listing is somewhat odd as it’s listed as a “SH” which indicates a fractional ownership but is priced at $459K up from $279K. (Also under the price change part of this report.) When reading the MLS remarks you’ll find that you can buy the whole nine yards for $459K or 6 months for $279K. Regardless of whether you want 6 months or full time, the pricing is much higher than comparable units. Here are the other two Hale Honu’s on the market:
Copyright 1/17/2010 by Hawaii Information Service
230827 T A 10 4-5-4-5-27-3 FS $234,900 Hale Honu #2A 866 #2A 2/1
230720 T A 13 4-5-4-5-27-18 FS $324,000 Hale Honu #9B 1,085 #9B 3/2
215773 SH A 227 4-5-4-5-27-7 FS $459,000 Hale Honu #4A 866 #4A 2/1
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The first one, which is a bank REO, is priced to sell for even less than 6 months of 4A ownership while unit 9B is bigger and well priced by comparison. 4A certainly looks the nicest but for the price differences you can do a lot of fixing!
Pali Ke Kua 130, a leasehold unit purchased for $429K in 3/06 went into escrow listed for $399K after 75 days on the market this time. It has been listed several times before:
Copyright 1/17/2010 by Hawaii Information Service
151831 T W 183 4-5-4-12-8-24 LH $499,000 Pali Ke Kua Ii #130 1,165 #130 2/2
183658 T W 270 4-5-4-12-8-24 LH $649,000 Pali Ke Kua Ii #130 1,100 #130 2/1.5
214167 T X 427 4-5-4-12-8-24 LH $449,000 Pali Ke Kua Ii #130 1,100 #130 2/2
197847 T X 366 4-5-4-12-8-24 LH $575,000 Pali Ke Kua Ii #130 1,100 #130 2/1.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Also going into escrow is Ali’i Kai 5201, priced at $599K and purchased for $875K in 8/05. This short sale started out at $799K and was listed for 1,014 days before finding a buyer. Hopefully these two units will close smoothly and successfully.
Cliffs 9302, priced at $875K and purchased for $205K in 9/99 expired after 549 market days. It started out at $945K. Villas on the Prince 19 was withdrawn while priced at $844K. This unit sold for $520K in 6/02. Sandpiper 213 was temporarily withdrawn while priced at $399,999. This unit sold for $183K in 1/02 and started out on the market at $499K.
On to the price changes, many of which have already been addressed. Sandpiper 111 came down from $275K to $260K and last sold for $215K in 2/03 Cliffs 2103 was increased as discussed under “back on the market.” Ali’i Kai 9G came down yet again from $310K to $299K. This unit sold for $151K in 12/99. Puamana 11B reduced as discussed under “back on the market.” Ali’i Kai 2101, purchased for $451K in 11/04 reduced from $409K to $399K. The short sale Nihilani 16A, purchased from the developer in 5/06 for $603,600 went from $439K to $399K. Kamahana 27 went from $444K to $419K and last sold for $395K in 4/04. Ali’i Kai 7201 reduced from $438,800 to $426,800 and sold for $380K in 9/03. Plantation 1421, purchased for $536,066 in 2/06 reduced from $559K to $449K. Hale Hou 4A increased as discussed under “back on the market.” Sealodge C6 went from $575K to $545K and sold for $190K in 11/99. Our final reduction is Nihilani short sale unit 1B which went from $639K to $559K and sold for $912,788 in 3/07.
Now on to your Princeville home update:
Copyright 1/17/2010 by Hawaii Information Service
BACK ON THE MARKET
220252 RS A 348 4-5-3-12-42 FS $995,000 4046 Aloalii Dr 8,041 sqft 1,603 2/2.5
EXPIRED
186555 RS X 1,120 4-5-4-4-38 FS $7,999,000 4971 Hanalei Plantation 1.25 ac 4,630 4/4.75
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s been a little cold here on Kauai, certainly not as cold as some places on the mainland but cool by Kauai standards nevertheless. I was at Costco the other day in the parking lot when I saw an example of just how cool it is. Check out the picture of the rooster warming his feathers. I just had to take a picture.
It looks like another good year for buying real estate. If interest rates stay low and inventory stays high, buyers will have a great 2010. Before buying or selling, please call or email for your personal update on your property of choice. Get the facts before you make a move.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Jan 3rd to 9th
Aloha,
It’s been hard to concentrate on the computer since every time I look up there is yet another monster wave bigger than the one before. This weekend was the 4th or 5th time we’ve had a swell bringing these huge waves and I have to say, I’m getting pleasantly spoiled. Since I’m up here on the the bluff at the Cliffs condos, I’m accustomed to looking out on the ocean and even manage to occasionally look up just in time to see a whale spout, or a tail slap as I work. I’m still not used to seeing breaking waves as my building sits back a bit from the bluff but it’s happenning with such regularity, I’m quickly becoming accustomed to it. One of the Honolulu newscasters was saying that they usually have 4 sets of huge waves a season and they’re already up to 5. I say bring it on. It’s truly an awesome site. Take a look:
If you’re on Island come on up to the North Shore and enjoy the views. Now on to your update:
Copyright 1/9/2010 by Hawaii Information Service
NEW LISTINGS
230737 T A 2 4-5-3-11-1-9 FS $814,000 Villas On The Prince #9 1,737 #9 3/3
230827 T A 2 4-5-4-5-27-3 FS $234,900 Hale Honu #2A 866 #2A 2/1
230720 T A 5 4-5-4-5-27-18 FS $324,000 Hale Honu #9B 1,085 #9B 3/2
230839 T A 1 4-5-4-5-18-60 FS $367,500 Puamana #17A 1,312 #17A 2/2
BACK ON THE MARKET
224335 T A 226 4-5-4-15-21-11 FS $275,000 Sandpiper Village I #111 1,042 #111 2/2
225686 T A 180 4-5-4-5-16-57 FS $499,000 Alii Kai At Hanalei #7202 886 #7202 2/2
212982 T A 550 4-5-4-5-16-28 FS $875,000 Alii Kai At Hanalei #4104 1,086 #4104 2/2
CONTINGENT SALES
226111 T C 165 4-5-4-15-21-54 FS $354,000 Sandpiper Village I #217 1,173 #217 2/2.5
SALES
214620 T S 472 4-5-3-6-22-39 FS $1,250,000 Kaiulani Of Princeville #39 2,479 #39 3/3
SOLD 1/4/2010 for $1,040,000 (CASH) DOM 472
211355 T S 567 4-5-4-12-5-5 FS $743,000 Pali Ke Kua Incr I, ii, iii #105A 717 #105A 1/1
SOLD 1/6/2010 for $710,000 (CASH) DOM 567
EXPIRED
225622 T X 184 4-5-4-5-18-39 FS $375,000 Puamana #11B 1,673 #11B 3/3
WITHDRAWN
225138 T W 198 4-5-3-6-22-40 FS $1,825,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5
224756 T W 215 4-5-4-6-1-29 FS $839,000 Villas Of Kamalii #29 1,825 #29 3/3
PRICE CHANGES
230720 T A 5 4-5-4-5-27-18 FS $324,000- Hale Honu #9B 1,085 #9B 3/2
229489 T A 53 4-5-4-5-16-45 FS $530,900- Alii Kai At Hanalei #5301 1,086 #5301 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
First up on new listings is Villas on the Prince 9 which last sold for $570K in 10/03 and is now listed for $814K. Hale Honu 2A is a FNMA bank REO listed for $234,900. It was purchased for $155K in 5/02 and taken by the bank on 10/09. I guess people kept refinancing as values went up. Prior to the bank REO, 2A was listed from 1/05 to 5/05 for $449K. Another Hale Honu, 9B, is back on the market this week listed at $324K. It also shows under the price change portion of this update having been reduced from $350K to $324K in the first week. Purchased in 4/04 for $355K this agent owned unit was previously listed from 4/08 to 4/09 starting at $450K and reducing to $350K when it expired. Puamana 17A is also returning to the market, having been previously listed from 7/08 to 12/08 starting at $459K and reducing to $435K before it was withdrawn, only to be relisted from 12/08 to 12/09 during which time it went from $435K to $367,500. It is back on the market at that price and was purchased for $320K in 3/04.
Three units are back on the market after expiring. Sandpiper 111, listed at $275K, last sold for $215K in 2/03. Ali'i Kai 7202, an agent owned unit purchased for $115K in 1/88 is an ocean view unit very attractively priced at $499K. Also returning to the market is Ali'i Kai 4104, another ocean view unit purchased for $950K in 8/05 and listed for $875K.
Sandpiper 217 went into escrow this week listed at $354K. Purchased in 2/04 for $310K this extensively remodeled unit started out at $399,900. It's probably one of the nicest Sandpipers in the complex.
Ka'iulani 39 closed for a mere $1.040M after selling for $1,503,600 from the developer in 3/07. It was listed as a "possible short sale" and started out at $1.761M before dropping to $1.250M. Pali Ke Kua 105 also sold for less than it was purchased for in 8/07 which was $795K. It originally came on the market 567 days ago at $1.1M working its way down to $743K, closing for $710K. This unit has the coveted Bali Hai / Hanalei Bay view.
Puamana 11B expired after 184 market days listed at $375K. This unit sold for $445,500 in 9/07. Also coming off the market were Ka'iulani 40, listed for $1.825M and Villas of Kamali'i 29, listed for $839K. Ka'iulani sold for $1,772,090 from the developer in 2/07 and Kamali'i went for $750K in 6/05.
There are only two price changes one of which, Hale Honu 9B, was mentioned under new listings. The other price change is the bank REO Ali'i Kai 5301, which went from $544,900 to $530,900. This unit sold for $977K in 4/07 and represents a great opportunity at a top floor, end, ocean view unit. Now on to your Princeville home update:
Copyright 1/9/2010 by Hawaii Information Service
NEW LISTINGS
230899 RS A 1 4-5-4-16-19 FS $500,000 4064 Kaa'humanu Pl 12,058 sqft 2,274 2/3
CONTINGENT SALES
224144 RS C 239 4-5-4-16-65 FS $900,000 4465 Emmalani Dr 10,896 sqft 2,122 3/2
SALES
227438 RS S 70 4-5-4-19-17 FS $997,755 5104 Napo'okala Cir 15,139 sqft 3,848 4/3.5
SOLD 1/8/2010 for $920,000 (CNV) DOM 70
UNDER CONTRACT
219545 RS U 318 4-5-4-22-26 FS $545,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
EXPIRED
220252 RS X 345 4-5-3-12-42 FS $995,000 4046 Aloalii Dr 8,041 sqft 1,603 2/2.5
219047 RS X 326 4-5-4-13-59 FS $980,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2
WITHDRAWN
220384 SH W 379 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
220383 SH W 379 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
220380 SH W 379 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
220378 SH W 379 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
219081 SH W 388 4-5-4-16-22 FS $345,000 4080 Kaa'humanu Pl 9,731 sqft 2,460 4/3.5
220376 SH W 388 4-5-4-16-22 FS $355,000 4080 Kaa'humanu Pl 9,731 sqft 2,460 4/3.5
220375 SH W 388 4-5-4-16-22 FS $355,000 4080 Kaa'humanu Pl 9,731 sqft 2,460 4/3.5
224966 SH W 258 4-5-4-15-3 FS $919,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
224967 SH W 388 4-5-4-16-22 FS $945,500 4080 Kaa'humanu Pl 9,731 sqft 2,460 4/3.5
214814 RS W 258 4-5-4-15-3 FS $1,395,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
PRICE CHANGES
227993 RS A 101 4-5-4-18-24 FS $599,000- 4679 Emmalani Dr 11,128 sqft 1,861 3/3
222647 RS A 285 4-5-4-16-18 FS $698,500- 4060 Kaa'humanu Pl 11,792 sqft 2,364 3/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The one new listing, 4064 Kaahu'manu has probably been on the market longer than any other house that I'm aware of in Princeville. Purchased in 11/93 for $340K this house, which is on the golf course (the good news) on the very end of Kaa'humana which backs up to the busy main road Ka Haku (the bad news) started out listed for $495K in 1/01 to 12/01. It was back on the market from 2/03 to 4/03 for $580K. It next came on the market in 4/05 to 11/05 listed at $1.2M and dropping to $998K. It was relisted from 11/05 to 8/08 during which time it was priced at a high of $1.165M and a low of $769K. It was most recently listed from 1/09 to 12/09 going from $770K to $689K. This is a short sale which apparently had a buyer lined up at a bank approved price of $500K but for whatever reason, the buyer decided not to wait for the approval. The offer that was accepted may be transferable with a new offer at same price according to the agent.
If you have questions about this house or any house or condo, please call or email. That's why I'm here — for the facts.
Aloha, Elaine
These two albratross were outside the door of one of the houses I was showing the other day.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
December 2009 Kauai Market Statistics
Aloha,
Hau’oli Makahiki Hou as they say here in the Islands. 2009 never materialized as we real estate agents hoped or thought it would, but it certainly did provide many great buying opportunities, a trend I expect will extend well throughout 2010. If interest rates stay low, it will be another great year for buyers.
2009 ended with a total of 500 transactions, down 88 from the 588 transactions of 2008. For Dec 09, statistics were up, with 56 transactions vs. 40 for Dec 08. Of the 56 seen this past month, 36 were residential, 3 land, 2 commercial, and 9 were condo sales. Compared to years past, this is a fraction of the typical activity. In 07 while there were only 56 sales in Dec, for the year there were 908 transactions. Dec 06 saw 124 sales and 1554 for the year. Dec 05, which is usually considered the “high year” had 124 sales and 1796 for the year while Dec 04 had 100 sales and 1639 for the year. Those were the good old days. Blink once and the property that just came on the market was already in escrow.
Sales volume was also up for the month with $52M changing hands in Dec 09 compared to only $22M in Dec 08. $23M of this was the results of just two sales. See below:
Copyright 1/5/2010 by Hawaii Information Service
229942 Kauapea Rd 12/30/2009 $13,500,000
227638 5418 Weke Rd 12/17/2009 $10,100,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ahhhh….we love those big sales. By contrast, these were the three top sales for Dec 2008:
Copyright 1/5/2010 by Hawaii Information Service
219018 Hanalei Lot #: 12/12/2008 $2,100,000
206659 2672 Puuholo Rd #B 12/10/2008 $1,150,000
205193 3885 Kamehameha Rd 12/1/2008 $920,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
What a difference a few good sales can make!
For the year, 2009 sales volume was at $339M while 2008 saw $466M in sales volume. 2007 annual volume was $792M, Dec 2007 was at $52M, 2006 annual was at $1.087B and Dec 2006 was at $107M. Our high year for annual figures was once again 2005 which posted sales volume of $1.202B but Dec 05 was down from Dec 06 with only $78M for the month. 2004 was right up there with an annual figure of $930M and a monthly value of $68M.
Median sales price for Dec 2009 residential went up to $530K from $490K in Dec 2008. As I always remind you, this is simply the midpoint of a range of sales prices and not the average. For the year, 2009 residential was at $470,500 down from $615K in 2008 annual. Dec 07 residential median price was $625K; Dec 06 was $595K, Dec 05 = $605K and Dec 04 = $572,500 for the median sales price.
If you want to see the full three page report, please go to my website www.kauairealestatenow.com and click on Monthly Statistics.
Until next month…
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
If you do not wish to receive this email,
please type “remove” in the subject line
along with the name of the email group you are in and hit “reply.”
Princeville condo (and house) update for the week of Dec 27th to Jan 2nd
Aloha,
And Hau’oli Makahiki Hou to each and every one of you. May 2010 bring you much happiness, health, prosperity, fun and lots of love — and a little bit of real estate if that is on your “to do” list this year. 2009 provided plenty of opportunity for buyers looking for great investment opportunities and I don’t think it’s over yet. On an annual basis, 2009 only fell behind 2008 sales by 14% going from 588 total sales in 08 to 500 sales for 09. Looking ahead, in Jan 09 there were 20 sales, down considerably from 08 when there were 50 sales. Let’s see what Jan 2010 can produce as set off on a new decade. Theres 3 condos and 1 house that went into escrow this past week, but since the three condo escrows are all short sales, it’s doubtful they’ll close in time to be counted for this month. Now on to your update:
Copyright 1/4/2010 by Hawaii Information Service
NEW LISTINGS
230560 T A 7 4-5-3-6-22-25 FS $1,590,000 Kaiulani Of Princeville #25 2,864 #25 3/3.5
BACK ON THE MARKET
213707 T A 1,002 4-5-4-5-16-41 FS $599,000 Alii Kai At Hanalei #5201 1,086 #5201 2/2
CONTINGENT SALES
225703 T C 178 4-5-4-15-21-34 FS $209,000 Sandpiper Village I #134 1,042 #134 2/2
229379 T C 52 4-5-4-5-24-80 FS $349,000 Nihilani At Princeville Resort #27B 1,567 #27B 3/2.5
229381 T C 52 4-5-4-5-24-94 FS $499,000 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5
EXPIRED
225648 T X 165 4-5-3-6-22-74 FS $979,000 Kaiulani Of Princeville #74 1,892 #74 2/2.5
206915 T X 804 4-5-4-12-10-29 FS $450,000 Emmalani Court #422 1,192 #422 2/2
225686 T X 175 4-5-4-5-16-57 FS $499,000 Alii Kai At Hanalei #7202 886 #7202 2/2
227567 T X 100 4-5-4-5-16-6 FS $550,000 Alii Kai At Hanalei #1202 1,086 #1202 2/2
212982 T X 548 4-5-4-5-16-28 FS $875,000 Alii Kai At Hanalei #4104 1,086 #4104 2/2
200456 T X 722 4-5-4-12-11-14 FS $1,425,000 Puu Poa #114 2,065 #114 2/2
WITHDRAWN
215563 T W 293 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2
226738 T W 70 4-5-4-5-16-42 FS $874,000 Alii Kai At Hanalei #5202 1,086 #5202 2/2
PRICE CHANGES
229452 T A 48 4-5-3-11-1-30 FS $679,000+ Villas On The Prince #30 1,732 #30 3/3
212581 T A 566 4-5-3-6-22-61 FS $895,000- Kaiulani Of Princeville #61 1,738 #61 2/2.5
228973 T A 63 4-5-4-12-8-24 LH $399,000- Pali Ke Kua Ii #130 1,100 #130 2/2
228374 T A 87 4-5-4-5-23-55 FS $559,000- Plantation At Princeville #1421 1,318 #1421 3/3
216359 T A 464 4-5-4-5-24-68 FS $573,500- Nihilani At Princeville Resort #23B 1,406 #23B 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
There is only one new listing this past week, which is Ka’iulani 2, purchased for $1,621,790 in 10/07 and listed for $1.590M. Ali’i Kai 5201 came back on the market after expiring while listed for $599K. This unit last sold for $875K in 8/05 and has been listed for over 1000 days.
Three short sales went into escrow, two of which are agent owned Nihilani units. Sandpiper 134, which sold for $485K in 7/05 and is listed for $209K along with Nihilani units 27B and 32A all went into escrow. 27B sold for $682,180 in 10/06 and is listed for $349K and 32A sold for $985K in 3/06 and is listed for $499K.
Several units expired at year’s end. Ka’iulani 74, purchased for $898,250 in 4/07 expired after 165 days listed at $979K. Emmalani Court 422 expired after 804 market days listed at $450K. This unit sold for $365K in 9/09. Ali’i Kai 7202 was on the market 175 days before expiring while listed at $499K. This agent owned unit was purchased for $115K in 1/88. Ali’i Kai 1202 was on the market for 100 days when it expired. This unit sold for $135K in 6/89 and was listed for $550K. Ali’i Kai 4104 was listed for $875K and sold for $950K in 8/05 when it expired after 548 days on the market. Agent owned Pu’u Po’a 114, which last sold for $1.4M in 3/05 expired after 722 market days listed at $1.425M.
Puamana 21B, purchased as a leasehold unit in 4/99 for $70K and converted to fee simple in 2000 for $35,700 was withdrawn from the market listed at $599K. Ali’i Kai 5202 was also withdrawn after 70 market days listed at $874K. This unit sold for $405K in 7/03.
Villas on the Prince 30 is the only price increase this week, going from $569,850 to $679K. This unit sold for $565K in 3/04. Ka’iulani 61, purchased for $856,400 in 6/08 went from $975K to $895K. Pali Ke Kua 130, an agent owned leasehold unit purchased for $429K in 3/06 went from $449K to $399K. Plantation 1421 which last sold for $536,066 in 2/06, was reduced from $579K to $559K. Our final reduction is Nihlani 23B, which sold for $685,160 in 11/06. This unit made a token reduction going from $575K to $573,500. Now on to your Princeville Home update:
Copyright 1/4/2010 by Hawaii Information Service
NEW LISTINGS
230521 RS A 8 4-5-4-13-74 FS $2,495,000 3651 Albert Rd 10,838 sqft 3,218 3/3.5
CONTINGENT SALES
226491 RS C 152 4-5-4-23-38 FS $523,000 3812 Iluna Pl 6,895 sqft 1,310 3/2
EXPIRED
219340 SH X 373 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
220108 RS X 197 4-5-4-16-19 FS $689,000 4064 Kaa’humanu Pl 12,058 sqft 2,274 3/2
WITHDRAWN
219388 RS W 364 4-5-4-7-12 FS $1,848,000 3912 Namakeha Loop 10,055 sqft 2,300 3/3
PRICE CHANGES
218860 RS A 392 4-5-4-7-5 FS $699,000- 3934 Namakeha Loop 13,387 sqft 2,047 3/2
229479 RS A 47 4-5-4-20-31 FS $799,000+ 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3
230076 RS A 27 4-5-4-14-4 FS $895,000- 3792 Keli’i Pl 10,481 sqft 2,523 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I’m certainly looking forward to whatever it is that 2010 brings because I’m sure it will include many happy real estate transactions for buyers and sellers too. As in years past, it will be my pleasure to keep you informed of the facts so please do not hesitate to call or email before you buy or sell.
Aloha Elaine
Beautiful Kauai taken from the bluff at Pali Ke Kua
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Dec 20th to 26th
Aloha,
I hope everyone had a wonderful Christmas and that Santa brought you everything you wanted. There was only one condo that went into escrow last week which means Santa had a light load when it comes to delivering Princeville real estate, especially since no condos closed escrow this past week either. There’s more and more short sales and Bank REO’s coming onto the market. Take a look at the update and you’ll see what I mean:
Copyright 12/27/2009 by Hawaii Information Service
NEW LISTINGS
230507 T A 3 4-5-4-5-16-56 FS $438,800 Alii Kai At Hanalei #7201 886 #7201 2/2
229552 T A 6 4-5-4-5-12-27 FS $539,000 Sealodge Ii #H9 567 #H9 1/1
229454 T A 6 4-5-4-5-24-76 FS $589,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
228953 T A 6 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
BACK ON THE MARKET
225703 T A 170 4-5-4-15-21-34 FS $209,000 Sandpiper Village I #134 1,042 #134 2/2
CONTINGENT SALES
225976 T C 162 4-5-4-12-2-15 FS $288,000 Hale Moi #115 1,033 #115 1/2
PRICE CHANGES
221506 T A 273 4-5-3-6-22-17 FS $1,899,000+ Kaiulani Of Princeville #17 2,864 #17 3/3.5
229521 T A 38 4-5-4-15-21-15 FS $224,900- Sandpiper Village I #115 1,042 #115 2/2
220974 T A 320 4-5-4-5-24-63 FS $585,000- Nihilani At Princeville Resort #21C 1,972 #21C 2/3
221505 T A 298 4-5-4-12-3-23 FS $725,000- Hanalei Bay Villas #23 1,244 #23 2/2.5
226784 T A 128 4-5-4-6-1-12 FS $745,000- Villas Of Kamalii #12 1,825 #12 3/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ali’i Kai 7201 is listed for $438,800 as a bank REO. This unit sold for $380K in 9/03 and was previously listed back in 11/03 for 55 days at $585K before it was withdrawn. Sealodge H9, priced at $539K as a short sale, is a wonderful top floor penthouse unit. I know it well as I represented the seller back in 7/06 when the current owner paid $745K. Nihilani 26A, priced at $589,000, last sold for $805K in 12/06. This unit appears here as a new listing because the list agent changed real estate companies and the listing went with the agent. Ali’i Kai 5101 sold for $595K in 5/04 and is listed this time for $649K. This unit has been listed almost continuously the last few years, starting with 8/04 to 10/04 when it was priced at $639K before being withdrawn from the market. It came back on the market for a short period in 7/06 priced at $975K but was withdrawn 29 days later. It was listed from 4/07 to 8/07 starting at $879K, then was dropped to $849K before expiring with 119 market days. It was listed again from 9/07 to 4/08 at $879K and was withdrawn 227 days later. It came back again from 6/08 to 9/09 starting at $849K and reducing to $649K before expiring. Each time it was listed, it was with a different agent.
Sandpiper 134 is back on the market priced at $209K after going briefly into escrow then falling out. This unit, which is a short sale, was purchased for $485K in 7/05.
Hale Moi 115, a short sale that last sold for $444,500 in 12/04 finally went into escrow while listed at $288K. There were no sales, units going under contract, expireds, withdrawn or temporarily withdrawn units this week.
As for price changes, Ka’iulani 17 which sold for $1,971,790 in 1/08 reduced from $2.399M to $1.899M. On the listing update it shows as a price increase because the lower price was mistakenly input as $1899 instead of $1,899,000. When corrected, it looked like an increase. Sandpiper 115 reduced from $249,900 to $224,900 and last sold for $180K in 12/01. This is a Bank REO. Nihilani 21C, a short sale which originally sold from the developer for $844,795 reduced from $599K to $585K. Hanalei Bay Villas 23 went from $845K to $725K and last sold for $600K in 6/04. The final reduction is Villas of Kamali’i 12, which went from $839K to $745K and sold for $750K in 6/05.
Now on to your Princeville home update:
Copyright 12/27/2009 by Hawaii Information Service
CONTINGENT SALES
224805 RS C 202 4-5-4-23-46 FS $549,000 3785 Moae Pl 6,894 sqft 1,199 2/2
SALES
225252 RS S 124 4-5-4-21-10 FS $889,000 3836 Kaweonui Rd 10,018 sqft 2,016 3/3
SOLD 12/21/2009 for $799,000 (CASH) DOM 124
206198 RS S 622 4-5-4-17-21 FS $999,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5
SOLD 12/24/2009 for $980,000 (CASH, CNV) DOM 622
EXPIRED
205344 RS X 724 4-5-4-7-27 FS $2,500,000 3862 Punahele Rd 12,999 sqft 2,538 3/2.5
PRICE CHANGES
229419 RS A 41 4-5-4-23-55 FS $619,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
228196 RS A 83 4-5-4-10-41 FS $1,435,000- 5322 Honoiki Rd 10,146 sqft 2,195 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
As we close out the year, I want to thank everyone who reads this blog as I really enjoy writing it. I always appreciate comments whether on the blog or directly to my email. It lets me know you are out there and getting some benefit from my input. It was a slow 2009 but I will be very surprised if 2010 isn’t gangbusters what with all the excellent pricing on short sales and Banks REO’s. Maybe 2010 will be the year to finally achieve your dream of owning property in Paradise. If it is, please do call or email to check out the facts before you buy.
Wishing each of you a very very Hau’oli Makahiki Hou! (How ole Ma Caw He Key Hoe) Ok, practice up for the New Year! That’s the extent of my language lessons for the year!
Aloha Elaine
I’m sure this scene of a child joyous with delight over Christmas gifts was repeated world wide. Here’s grandaughter Michelle showing off her new black pearl necklace, bracelet and earrings and just acting silly.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Mele Kalikimaka from Kauai 2009
Aloha,
Merry Christmas to each and every one of you – or as we say on Island: Mele Kalikimaka. Try saying that fast 5 or 6 times! Mel Lee Caw Lee Key Maw Caw. Good luck with repeating that for all your mainland friends. We can practice Happy New Years next week. (Hau’ole Makahiki Hou– more on that later…)
May this Christmas find you surrounded with friends and family, filled with peace, good health and much happiness and love.
With much Aloha, Elaine
Beautiful Bali Hai
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
Princeville condo (and house) update for the week of Dec 13th to 19th
Aloha,
Here we are beginning one of the most frantic weeks of the year as everyone scrambles to finish Christmas shopping, get their gifts wrapped and finalize all the holiday travel plans. For me, it’s a magical time as I sit here looking out over the bluff to the ocean, with the albatross soaring high above both. The skies are blue with several large fluffy clouds, the sun is shining yet the winter brings a refreshing cooling breeze. I’ve yet to see any whale but several others have so I know they’re here. I’m hoping there’ll be time to sit out on the bluff in the next week or two and just relax watching for whales. Now, on to your update. Don’t miss the price reductions in Nihilani:
Copyright 12/20/2009 by Hawaii Information Service
NEW LISTINGS
230011 T A 5 4-5-4-5-18-34 FS $325,000 Puamana #9C 1,532 #9C 2/2
230322 T A 3 4-5-4-5-4-10 FS $540,000 Princeville Mauna Kai #10A 1,503 #10A 2/2
230275 T A 5 4-5-4-5-24-6 FS $570,000 Nihilani At Princeville Resort #2C 1,972 #2C 2/3
230131 T A 1 4-5-4-6-1-17 FS $945,000 Villas Of Kamalii #17 1,761 #17 3/3
SALES
219389 T S 103 4-5-4-5-7-18 FS $493,000 Princeville Sealodge #B10 566 #B10 1/1
SOLD 12/15/2009 for $450,000 (CNV) DOM 103
UNDER CONTRACT
228175 T U 75 4-5-4-5-18-78 FS $299,000 Puamana #21D 1,532 #21D 2/2
EXPIRED
227970 T X 71 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
222099 T X 275 4-5-4-6-1-4 FS $925,000 Villas Of Kamalii #4 1,766 #4 3/3
WITHDRAWN
220097 T W 335 4-5-4-5-13-3 FS $390,000 Kamahana #3 1,732 #3 2/2
208900 T W 594 4-5-4-5-4-12 FS $525,000 Ka’eo Kai Ph I #2B 2,100 #2B 3/3
228294 T W 72 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
228296 T W 72 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3
TEMPORARILY WITHDRAWN
214741 T T 426 4-5-4-5-23-66 FS $578,000 Plantation At Princeville #1712 1,153 #1712 2/2
PRICE CHANGES
194364 SH A 947 4-5-4-5-39-80 FS $79,000- Cliffs At Princeville #3304 1,137 #3304 2/2
206436 T A 682 4-5-4-15-21-7 FS $265,000- Sandpiper Village I #107 1,042 #107 2/2
228178 T A 74 4-5-4-5-24-41 FS $350,000- Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
229003 T A 45 4-5-4-5-24-8 FS $385,000- Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
210699 T A 591 4-5-4-5-24-31 FS $475,000- Nihilani At Princeville Resort #11A 1,406 #11A 2/2
229660 T A 20 4-5-4-5-24-44 FS $585,000- Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
216921 T A 432 4-5-4-5-23-3 FS $629,000- Plantation At Princeville #121 1,318 #121 3/3
229125 T A 44 4-5-4-5-16-33 FS $685,000- Alii Kai At Hanalei #4301 1,086 #4301 2/2
224267 T A 213 4-5-4-12-9-19 FS $699,000- Pali Ke Kua Iii #141 1,148 #141 2/2
230300 T A 113 4-5-4-5-16-35 FS $750,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
226521 T A 79 4-5-4-5-39-178 FS $995,000+ Cliffs At Princeville #8204 1,864 #8204 4/4
220097 T W 335 4-5-4-5-13-3 FS $390,000+ Kamahana #3 1,732 #3 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Puamana 9C, listed for $325K, was purchased for $175K in 4/02. This pricing is down from the time when it was previously listed from 7/06 to 1/08, starting at $539,900 and reducing to $497,500. It was relisted from 5/08 to 2/09 for $497,500, dropping to $440K by the time it expired. Mauna Kai 10A last sold for $289K in 8/03 and is listed for $540K. One of the developer’s Nihilani units, a Mahina model priced at $570K is down from the previous asking price of $735,200 when it was listed from 4/08 to 2/09. Villas of Kamali’i 17 is listed at $945K and last sold for $605K in 7/03. That’s it for new listings this week.
Sealodge B10, listed for $493K and purchased in 4/05 for $530K closed this week at $450K. It does not indicate a short sale so I guess this will be a 2009 tax write off for this seller. Puamana 21D, however, is a short sale which went under contract listed at $299K. This unit last sold for $129K in 7/90 as a leasehold unit and converted to fee simple in 11/00 for $35,700.
Nihilani 8B, one of the developer’s Hoku units priced at $485K expired this week. Villas of Kamali’i 4, purchased for $900K in 3/07 and listed for $925K also expired. Kamahana 3, priced at $390K, which last sold for $180,500 in 4/99 was withdrawn from the market. Ka’eo Kai 2B which was purchased for $240K in 4/01 was withdrawn while listed at $525K after 594 days on the market. Two developer Nihilani units were withdrawn; 33B which is a Moana unit listed at a very high $530K and a Mahina model, unit 7C priced at $650K. Plantation 1712 was temporarily withdrawn listed at $578K. This unit last sold for $515K in 2/08.
Now on to the most popular portion of this report which is price changes. A fractional share of Cliffs 3304 reduced from $99K to $79K. This unit started out at $165K for this two month period and has come down over the last 947 market days. This unit sold for $115K in 6/87 as a leasehold and converted to fee simple in 2/89 for $32K. Sandpiper 107, purchased for $365K in 9/04 reduced from $329K to $265K. Nihilani 14B, a Hoku floor plan purchased for $594,102 in 3/06, reduced from $400K to $350K as a short sale. The Nnihlani developer also reduced several of their units, starting with 3B, a Hoku model which went from $425K to $385K. Nihilani 11A, one of the developer’s Moana floor plan, reduced from $530K to $475K. The developer’s Makani floor plan, unit 15B, reduced from $599K to $585K. This unit is highly upgraded with Cherry cabinets topped by black granite and top of the line stainless steel appliances.
Plantation 121, an agent owned unit purchased for $488,993 in 5/05 reduced from $639K to $629K. Ali’i Kai 4301 which last sold for an unbelievable $1,157,500 in 6/06 reduced from $785K to $685K as a short sale. Pali Ke Kua 141 went from $725K to $699K and sold for $205K in 1/99. Ali’i Kai 4303 reduced from $795K to $750K and was purchased for $490K in 12/03. Cliffs 8204, a four bedroom ocean view condo purchased for $135K in 4/87 is one of two units which saw a price increase this week, going from $875K to $995K. Kamahana 3 is the other one, increasing in price from $295K to $390K. This unit sold for $180,500 in 4/99.
Now on to your Princeville Home update:
Copyright 12/20/2009 by Hawaii Information Service
NEW LISTINGS
230390 RS C 1 4-5-4-10-23 FS $650,000 4086 Liholiho Rd 10,213 sqft 1,896 3/2
CONTINGENT SALES
230390 RS C 1 4-5-4-10-23 FS $650,000 4086 Liholiho Rd 10,213 sqft 1,896 3/2
SALES
223389 RS S 2 4-5-4-14-31 FS $1,075,000 3885 Kamehameha Rd 12,127 sqft 2,372 4/3
SOLD 12/14/2009 for $868,000 (CNV) DOM 2
PRICE CHANGES
228327 RS A 72 4-5-4-18-5 FS $895,000- 4156 Mahina Pl 12,194 sqft 1,668 3/2
230076 RS A 12 4-5-4-14-4 FS $925,000- 3792 Keli’i Pl 10,481 sqft 2,523 3/2.5
228196 RS A 76 4-5-4-10-41 FS $1,465,000- 5322 Honoiki Rd 10,146 sqft 2,195 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I hope Santa leaves plenty of Real Estate in your stocking. If that’s still on your last minute shopping list, give me a call. I have a close working relationship with Santa and will help him to deliver exactly what you asked for on your wish list. Mele Kalikimaka!
Aloha Elaine
I became a step gramma by marriage. Here is my 6 year old granddaughter just before her dance recital debut at the War Memorial Convention Center last night. She was in three programs!
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
