Princeville condo (and house) + short sale update for the week of May 6th to May 12th
Aloha,
Happy Mother’s Day to each and every mother out there. We have an extraordinary day filled with sunshine, and warm breezes here on Kauai – a perfect day for a Mother’s day celebration. Here is your update for the week just past:
Copyright ©5/13/2012 by Hawaii Information Service
NEW LISTINGS
254430 CND A 3 4-5-4-5-27-19 FS $237,405 Hale Honu #10A 1,085 #10A 3/1.01
CONTINGENT SALES
243597 CND C 317 4-5-4-5-24-20 FS $370,000 Nihilani #7B 1,406 #7B 2/2.00
251116 CND C 116 4-5-4-5-23-58 FS $399,000 Plantation #1512 1,153 #1512 2/2.00
254185 CND C 15 4-5-4-6-1-27 FS $685,000 Villas Of Kamalii #27 1,815 3/3.00
SALES
252466 CND S 13 4-5-4-5-39-53 FS $195,000 Cliffs #2303 1,137 #2303 1/2.00
SOLD 5/8/2012 for $215,000 (CASH) DOM 13
244431 CND S 331 4-5-4-5-24-52 FS $330,000 Nihilani #18A 1,406 #18A 2/2.00
SOLD 5/9/2012 for $330,000 (CNV) DOM 331
EXPIRED
251982 CND X 96 4-5-4-5-17-15 FS $224,900 Alii Kai #9G 1,037 #9G 2/2.00
245294 CND X 364 4-5-4-11-3-16 FS $1,195,000 Hanalei Bay Resort #C26 1,705 3/3.00
PRICE CHANGES
252887 CND A 41 4-5-4-5-18-42 FS $344,000- Puamana #12B 1,298 #12B 2/2.00
254063 CND A 19 4-5-4-5-7-3 FS $399,500- Princeville #A3 755 #A3 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.
Copyright ©5/13/2012 by Hawaii Information Service
New Listings:
Bank owned Hale Honu 10A is new this week with a very attractive price of $237,405. This three bedroom townhome sold for $510K in 8/05 and was foreclosed on in 8/10. The prior owner tried a short sale from 4/09 to 3/10, started out at $438K and reducing to $275K with no results.
Contingent:
Short sale Nihilani 7B, which just fell out of escrow last week, went quickly back as I predicted while priced at $370K. Given the value I’m not surprised someone snapped it up. It sold previously from the developer for $686.080. Plantation 1512 priced at $399K found a buyer. Although it sold for $520,402 in 2/06, it is not a short sale. Villas of Kamali’i 27 went into escrow after only 9 days while listed for $685K. This townhouse sold from the developer for $465K in 11/03.
Sales:
Bank owned Cliffs 2303 closed quickly at $215K cash with a list price of $195K. This third floor two bedroom condo was purchased for $395K in 8/04 and was foreclosed on in 2/12. Short sale Nihilani 18A sold from the developer in 8/06 for $619,110 and closed for the list price of $330K. Great buy for a Moana floorplan!
Expired:
Bank owned Ali’i Kai 9G expired while listed for $224,900. It sold for $151K back in 12/99 and was probably refinanced several times since it’s now a foreclosure. Hanalei Bay Resort 4201-2-3 expired after being listed for a year at $1.195M. This unit last sold for $1.125M in 8/05.
Price Changes:
Puamana 12B made a minimal reduction of $5K, going from $349K to $344K. This unit sold for $540K in 8/05. It does not appear to be a short sale. Sealodge A3 sold for $160K in 6/99 and reduced this week from $425K to $399,500. Now on the your Princeville Kauai home update which is limited to one new listing and one home going into escrow:
Copyright ©5/13/2012 by Hawaii Information Service
NEW LISTINGS
244030 RES A 3 4-5-4-8-19 FS $825,000 5056 Kamamalu Loop 11,472 sqft 1,907 3/2.00
CONTINGENT SALES
252418 RES C 86 4-5-3-11-32 FS $1,195,000 4066 Aloalii Dr 13,511 sqft 2,784 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.
Copyright ©5/13/2012 by Hawaii Information Service
Since it’s such a stunning day, with the ocean like a huge bathtub, I’m off to the beach. Please, if you have any questions about any of these propeties or would like to know how you can find a great buy, please do not hesitate to email me. That’s why I’m here – so you get the facts before buying or selling. Happy Mother’s Day once again!
Aloha Elaine
A beautiful hibiscus for all the Mother’s out there.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Kauai 2012 April Market Statistics
Word on the street is that the market is in recovery which seems to be the case as evidenced by the April 2012 statistics. April 12 saw a 22% increase over Apr 11 which had only 58 sales compared to 71 this past month. Of these sales, 29 were homes, 9 land, and 33 were condos. This is the high since Apr 07 which had 100 sales and is certainly a good sign. April 08 had 49 sales, Apr 09 – 46 and Apr 10 66 – so you can see that this is quite a jump.
Year to date just shows a slight increase of just 1%, going from 255 this time last year compared to 258 this April. Still, it’s a steady increase over years past, with 220 properties changing hands year to date Apr 10, 133 Apr 09, 219 for year to date Apr 08 and of course, the high point of 355 for Apr 07. “The good old days…”
Sales volume is surprisingly high for Apr 12, showing $42M in sales which is a stunning 42% over the $30M of Apr 11. This is not a recent “high” however, as Apr 10 had $48M in sales volume, Apr 09 $27M, and Apr 08 – $38M. It’s hardly worth mentioning 07 as that year is so far out of proportion to what we’ve unfortunately become accustomed to – but just to make the point – Apr 07 was $99M! Year to date is down by 5%, going from $152M in Apr 11 to $145M this year to date. The low was year to date Apr 09 with $85M and the high was of course, 07 with $315M.
Median sales prices are up on residential, going from $425K for Apr 11 to $680K in Apr 12. Condos went from $209,665 to $312K while land went the other way, going from $320K to $210K. Keep in mind these are only median prices and not average prices. To see the entire statistical report for Apr 2012 click here to go to my website where I post it every month. Please do not hesitate to email if you have any questions.
Aloha Elaine
Rainbow at the stable.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Apr 29th to May 5th
Aloha,
May is starting out in full swing with three condos going into escrow and four homes selling. The general consensus is that the market is in recovery – and we did handily surpass April 2011 sales of 58 with 71 this past month. Condos were well above last April, with 33 sales, 10 of which were in Princeville, compared to 23 total last April. Homes had a slight increase, going from 27 to 29. Take a look at the update where you’ll see some great new low pricing on Ka’iulani and one last opportunity to get into Nihilani in the $300K’s:
Copyright ©5/6/2012 by Hawaii Information Service
NEW LISTINGS
254197 CND A 6 4-5-3-6-22-55 FS $975,000 Kaiulani #55 2,479 #55 3/3.00
254198 CND A 6 4-5-3-6-22-53 FS $1,075,000 Kaiulani #53 2,443 #53 3/3.01
254128 CND A 6 4-5-3-6-22-3 FS $1,350,000 Kaiulani #3 2,843 #3 3/3.01
254213 CND A 5 4-5-4-12-9-23 LH $489,000 Pali Ke Kua #233 993 #233 2/2.01
254341 CND A 3 4-5-4-6-1-22 FS $799,000 Villas Of Kamalii #22 1,825 #22 3/3.00
BACK ON THE MARKET
248315 CND A 152 4-5-3-6-22-11 FS $1,350,000 Kaiulani #11 2,864 #11 3/3.01
246638 CND A 290 4-5-4-15-21-40 FS $185,000 Sandpiper #203 1,173 #203 2/2.01
243597 CND A 310 4-5-4-5-24-20 FS $370,000 Nihilani #7B 1,406 #7B 2/2.00
CONTINGENT SALES
243730 CND C 415 4-5-3-6-22-48 FS $985,000 Kaiulani #48 2,479 3/3.00
251903 CND C 41 4-5-4-5-17-14 FS $219,000 Alii Kai #9F 1,037 #9F 2/2.00
250276 CND C 85 4-5-4-5-24-61 FS $469,000 Nihilani #21A 1,874 #21A 3/2.01
WITHDRAWN
248319 CND W 236 4-5-3-6-22-52 FS $975,000 Kaiulani #52 2,479 #52 3/3.01
TEMPORARILY WITHDRAWN
243074 CND T 243 4-5-3-6-22-2 FS $1,250,000 Kaiulani #2 2,843 #2 3/3.01
PRICE CHANGES
254198 CND A 6 4-5-3-6-22-53 FS $1,075,000- Kaiulani #53 2,443 #53 3/3.01
246638 CND A 290 4-5-4-15-21-40 FS $185,000- Sandpiper #203 1,173 #203 2/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©5/6/2012 by Hawaii Information Service
New Listings:
The developer is putting some of their Ka’iulani units back on the market at new lower pricing. Ka’iulani 55 is priced at $975K, Ka’iulani 53 was first priced at $1.295 but adjusted immediately to $1.075M and Ka’iulani 3 came on priced at $1.350M. All three of these units have been priced much higher; 55 initially came on the market in 12/06 at $1.7M, 53 was at $1.8M and $1.995M. Great pricing on these units now! Leasehold Pali Ke Kua 233 is on the market at $489K. It sold in 6/01 for $390K. Villas of Kamali’i 22 is new priced at $799K after being purchased for $950K in 6/07.
Back on the Market:
The developer’s Ka’iulani 11, which is priced at $1.350M is back on the market after being temporarily withdrawn back in 1/12. Two short sales unfortunately fell out of escrow: Sandpiper 203 sold for $370,500 in 7/04 and reduced to a bank approved price of $185K as it came back on the market; Nihilani 7B sold from the developer for $686,080 in 4/07 and is back active listed for $370K. Two other Nihilani units of the same floor plan are in escrow listed at $330K – don’t miss out on a chance to own a very nice condo in one of the newest complexes at a great price. Email me ASAP if you are interested in this unit as I don’t expect it to last long.
Contingent:
Resale Ka’iulani 48 went into escrow with a list price of $985K. This unit sold for $1,502,610 in 9/07 and is not a short sale. Bank owned Ali’i Kai 9F went into escrow attractively priced at $219K. This upstairs unit sold for $560K in 9/05 and was foreclosed on in 1/12. Short sale Nihilani 21A is back in escrow after falling out on 4/13. Listed for $469K, this unit sold previously for $778,745 in 10/06.
Withdrawn:
Ka’iulani 52, another developer’s unit, was withdrawn while listed for $975K.
Temporarily Withdrawn:
Developer’s Ka’iulani 2, priced at $1.250M, was temporarily withdrawn.
Price Changes:
As noted under “new listings,” Ka’iulani 53 came on the market and immediately adjusted to $1.075M. As Sandpiper 203 came back on the market, it went from $188K to the bank approved price of $185K. Now on to your Princeville home update where I’m happy to see no new listings and four sales!
Copyright ©5/6/2012 by Hawaii Information Service
SALES
238795 RES S 529 4-5-3-12-30 FS $995,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
SOLD 5/4/2012 for $960,900 (CASH) DOM 529
252278 RES S 20 4-5-4-17-30 FS $619,000 4841 Victoria Loop 12,679 sqft 1,494 3/2.00
SOLD 5/3/2012 for $585,000 (CNV) DOM 20
247094 RES S 219 4-5-4-9-42 FS $895,000 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.01
SOLD 4/30/2012 for $825,000 (CASH, CNV) DOM 219
250356 RES S 83 4-5-4-19-15 FS $1,187,100 5111 Kuhina Pl 17,755 sqft 3,488 3/4.00
SOLD 5/2/2012 for $925,000 (CASH) DOM 83
PRICE CHANGES
252390 RES A 59 4-5-4-21-10 FS $649,000- 3836 Kaweonui Rd 10,018 sqft 2,016 3/3.00
250944 RES A 125 4-5-4-14-11 FS $955,000- 3781 Keli’i Pl 14,409 sqft 1,924 3/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©5/6/2012 by Hawaii Information Service
The property at 3837 Kaweonui is my listing and was a good value at $699K – it got even better this past week with a price reduction to $649K. Although built in 87, this home was totally renovated and has granite tile countertops, tile flooring in the entry, dining, living and kitchen and boasts a huge master retreat upstairs with it’s own sundeck. For being in a residential subdivision, the home has plenty of privacy both in front and in back thanks to mature landscaping. Please email me if you would like more info on this home. It’s easy to show too! Here are some pictures:
If you have questions on any of the properties in this update or any other Kauai properties, please do not hesitate to ask. That’s why I’m here.
Aloha Elaine
This hen and her peeps were anything but “chicken” – coming almost right up to me for a handout. So cute!
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Apr 22nd to Apr 28th
Aloha,
The weather has been so fabulous this week I took a morning off and went to Anini. If you haven’t been to this beach before, you really should put it on your “to do” list. The waters there are fairly well protected although I did read about two paddleboarders being caught in a riptide and taken away from the shore. But on this particular day I just planned to hang at the beach. I took a few photo – and just loved this one which shows the tracks left in the sand by the waves.
If it looks like I had the beach to myself, that was pretty much the case. It’s not difficult to find your own private beach paradise what with the miles of beaches to be found on Kauai. Just another of the many reasons we love Kauai! Now on to your weekly update where you’ll see that, once again, most of the activity is confined to Princeville condos as opposed to homes.
Copyright ©4/28/2012 by Hawaii Information Service
NEW LISTINGS
253361 CND A 2 4-5-3-6-22-8 FS $1,389,000 Kaiulani #8 2,864 3/3.01
254063 CND A 4 4-5-4-5-7-3 FS $425,000 Sealodge #A3 755 2/2.00
254185 CND A 0 4-5-4-6-1-27 FS $685,000 Villas Of Kamalii #27 1,815 #27 3/3.00
BACK ON THE MARKET
245262 CND A 354 4-5-3-11-1-10 FS $835,000 Villas On The Prince #10 1,732 3/3.00
CONTINGENT SALES
206220 CND C 1545 4-5-3-6-22-67 FS $689,000 Kaiulani #67 1,781 2/2.01
248930 CND C 133 4-5-4-6-1-33 FS $528,000 Villas Of Kamalii #33 1,825 3/3.00
248842 CND C 129 4-5-4-6-1-36 FS $535,000 Villas Of Kamalii #36 1,825 3/3.00
SALES
236149 CND S 293 4-5-4-12-10-29 FS $399,000 Emmalani Court #422 1,192 2/2.00
SOLD 4/27/2012 for $360,000 (CNV) DOM 293
EXPIRED
244839 CND X 216 4-5-4-5-39-96 FS $349,000 Cliffs #4202 917 1/2.00
PRICE CHANGES
245262 CND A 354 4-5-3-11-1-10 FS $835,000- Villas On The Prince #10 1,732 3/3.00
251903 CND A 33 4-5-4-5-17-14 FS $219,000- Alii Kai #9F 1,037 2/2.00
248315 CND T 146 4-5-3-6-22-11 FS $1,350,000- Kaiulani #11 2,864 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.
Copyright ©4/28/2012 by Hawaii Information Service
New Listings:
Ka’iulani 8 is back as a new listing priced at $1.389M after selling for $1,939,420 from the developer in 3/08. This townhome was previously listed for $1.910M and reduced to $1.8M during the listing period of 6/10 to 6/11. Two bedroom Sealodge A3 is new on the market priced at $425K. It was purchased for $160K back in 6/9. Villas of Kamali’i 27 has a new low price of $685K. It sold for $465K in 11/03 and was previously listed from 10/08 to 10/09 for $845K and again from 11/09 to 11/11 starting at $845K and reducing to $795K.
Back on the Market:
Villas on the Prince 10 unfortunately fell out of escrow after accepting an offer on 2/24. It was priced at $895K but reduced to $835K. You’ll also see it under the price changes portion of this update. This unit sold from the developer in 2/02 for $474,320.
Contingent:
Ka’iulani 67 sold for $895K in 1/08 and went into escrow this week priced at $689K. It does not appear to be a short sale. Villas of Kamali’i 33 found another buyer after falling out of escrow on 4/12. This short sale is priced at $528K after selling for $649K in 7/04. Villas of Kamali’i 36 also went into escrow while attractively priced at $535K. Even though it sold for $799K in 5/07 it does not show as a short sale.
Sales:
Emmalani Court 422 sold for $360K while priced at $399K. This unit was purchased as a foreclosure in 9/09 for $365K.
Expired:
Short sale Cliffs 4202 priced at $399K expired. This ocean view second floor condo sold for $590K in 9/07.
Price Changes:
As noted earlier, Villas on the Prince 10 reduced. Bank owned Ali’i Kai 9F was purchased for $560K in 9/05, was then foreclosed on by the bank in 1/12, and reduced this week from $239K to $219K. Developer owned Ka’iulani 11 reduced from $1.450M to $1.350M. Now on to your Princeville home update:
Copyright ©4/28/2012 by Hawaii Information Service
NEW LISTINGS
253755 RES A 3 4-5-4-13-11 FS $945,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
254151 RES A 2 4-5-4-7-34 FS $2,750,000 3824 Punahele Rd 17,151 sqft 5,095 5/6.01
WITHDRAWN
248967 RES W 199 4-5-4-23-35 FS $575,000 3793 Moae Pl 6,386 sqft 1,651 3/2.00
252743 RES W 44 4-5-4-23-30 FS $649,000 3812 Makani Kai Pl 11,878 sqft 1,846 4/3.00
TEMPORARILY WITHDRAWN
250278 RES T 145 4-5-4-16-10 FS $750,000 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©4/28/2012 by Hawaii Information Service
Looks like it will be another beautiful week here on Kauai. If you have any questions or concerns about these or any other properties on Kauai, please do send an email. I’m here to make sure you have the facts before buying or selling your Kauai dream home.
Aloha Elaine
Beautiful Anini beach – all to myself.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Apr 15th to Apr 21st
Aloha,
It was a glorious week, with some of the best beach days I’ve seen lately. The weather seems to have inspired buyers, as several condos went into escrow. Take a look:
Copyright ©4/22/2012 by Hawaii Information Service
NEW LISTINGS
253727 CND A 4 4-5-4-5-16-37 FS $495,000 Alii Kai #5101 1,086 #5101 2/2.00
CONTINGENT SALES
243884 CND C 388 4-5-3-6-22-76 FS $670,000 Kaiulani #76 1,738 #76 2/2.01
250434 CND C 116 4-5-3-6-22-68 FS $699,000 Kaiulani #68 1,892 #68 2/2.01
252965 CND C 41 4-5-4-5-18-24 FS $265,000 Puamana #7A 1,214 #7A 2/2.00
246073 CND C 52 4-5-4-6-1-19 FS $629,000 Villas Of Kamalii #19 1,815 3/3.00
SALES
227553 CND S 863 4-5-3-6-22-59 FS $625,000 Kaiulani #59 1,892 #59 2/2.01
SOLD 4/19/2012 for $625,000 (CASH, CNV) DOM 863
229552 CND S 486 4-5-4-5-12-27 FS $349,000 Sealodge #H9 567 1/1.00
SOLD 4/19/2012 for $312,000 (CNV) DOM 486
PRICE CHANGES
206220 CND A 1539 4-5-3-6-22-67 FS $689,000- Kaiulani #67 1,781 #67 2/2.01
245906 CND A 52 4-5-3-6-22-29 FS $1,325,000- Kaiulani #29 2,864 #29 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.
Copyright ©4/22/2012 by Hawaii Information Service
New Listings:
Ocean view Ali’i Kai 5101 is on the market for $495K after being purchased for $595K in 5/04. This ground floor end unit has been marketed almost continuously since 04, first coming on the market in 8/04 to 10/04 for $639K. It was then listed from 7/06 to 8/06 for $975K, from 4/07 to 8/07 starting at $879K and reducing to $849K, then from 9/07 to 4/08 during which time it started at $879K, dropping briefly to $849K before going back up to $879K, again from 6/08 to 9/09, starting at $849K and reducing to $649K and finally from 12/09 to 6/10 during which time it was listed for $649K.
Contingent:
Villas of Kamali’i 19 went into escrow with a list price of $629K with a prior sale price of $480K in 9/03. Puamana 7A went quickly into escrow while priced at $265K. This unit sold previously for $135K in 5/01. Ka’iulani 68 was priced at $699K when it went into escrow this week. It is not a short sale even though it sold for $898,250 in 1/08. Ka’iulani 76 sold from the developer in 4/07 for $900,570 and went into escrow while priced at $670K.
Sales:
This is really the week for Ka’iulani’s – the developer’s unit 59 sold for the asking price of $625K for cash. “Back in the day” (2005-07) this unit was priced as high as $1.075M. Nice to see all these Ka’iulani’s going into escrow and selling! Sealodge H9, a short sale priced at $349K, finally closed this week for $312K. I say “finally” because it went into escrow on 4/21/11! Please don’t let this scare you away from short sales. They take some time, but this one took an exceptionally long time. Most count the time in months, not years. This unit was purchased for $745K in 7/06.
Price Changes:
Ka’iulani 67 sold for $895K in 1/08, started out listed at $1.095M, and after 1533 days on the market, reduced from $789K to $689K. Ka’iulani 29 sold for $1,825,850 in 7/07 and reduced from $1.375M to $1.325M.
Homes have not fared as well – there’s only one new listing and one price reduction.
Copyright ©4/22/2012 by Hawaii Information Service
NEW LISTINGS
253625 RES A 5 4-5-4-10-17 FS $849,000 5275 Honoiki Rd 10,264 sqft 1,874 3/2.01
PRICE CHANGES
244139 RES A 385 4-5-4-20-26 FS $855,000- 5145 Iolani Pl 10,995 sqft 2,704 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Island wide, 10 homes went into escrow this week, most in the lower end of the price range.
Copyright ©4/22/2012 by Hawaii Information Service
CONTINGENT SALES
232112 RES C 780 4-1-3-10-44 FS $378,000 8683 Kiowea Rd 12,430 sqft 1,702 3/3.00
245278 RES C 324 4-2-6-14-2 FS $799,000 3010 Lauae Pl 21,780 sqft 1,520 3/2.00
247551 RES C 69 4-2-8-7-2-3 FS $289,000 Koloa Makai #C 4,742 sqft 700 #C 2/1.00
248329 RES C 154 4-3-6-8-24 FS $255,000 2875 Waa Rd 14,227 sqft 900 2/1.01
252240 RES C 69 4-3-8-11-14 FS $299,500 3814 Pakaweli St 6,714 sqft 792 3/1.01
251881 RES C 66 4-4-2-15-83 FS $489,000 7225 Aina Pono St 22,608 sqft 1,920 3/2.00
245394 RES C 336 4-4-2-22-8-1 FS $675,000 6414 Puu Pilo #1 21,824 sqft 3,683 #1 3/3.01
247125 RES C 241 4-4-6-35-64 FS $279,000 1724 Pu’u Ka’a St 7,896 sqft 1,128 3/1.01
253498 RES C 11 4-4-6-39-7 FS $296,000 1765 Awaa Pl 6,497 sqft 768 2/2.00
238328 RES C 599 4-5-8-5-27 FS $346,500 4933 Wainiha Power Hse Rd 2.08 ac 250 0/0.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
That’s it for this week. Please do not hesitate to email when you need the facts before buying or selling. That’s why I’m here.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Apr 8th to Apr 14th
Aloha,
This is the kinds of Princeville condo activity we like to see – a couple of new listings, 2 that went into escrow and 5 that sold – 4 of which were cash transactions. Lots of cash out there flowing into real estate! Take a look for yourself…
Copyright ©4/14/2012 by Hawaii Information Service
NEW LISTINGS
253510 CND A 4 4-5-4-5-39-16 FS $229,000 Cliffs #1206 917 #1206 1/2.00
253771 CND A 318 4-5-4-5-13-14 FS $425,000 Kamahana #14 1,635 #14 3/2.00
BACK ON THE MARKET
250276 CND A 63 4-5-4-5-24-61 FS $469,000 Nihilani #21A 1,874 #21A 3/2.01
248930 CND A 119 4-5-4-6-1-33 FS $528,000 Villas Of Kamalii #33 1,825 #33 3/3.00
CONTINGENT SALES
247792 CND C 215 4-5-4-5-3-4 FS $150,000 Paniolo #104 1,058 #104 1/2.00
226280 CND C 985 4-5-4-5-23-51 FS $595,000 Plantation #1321 1,318 3/3.00
SALES
246392 CND S 79 4-5-3-6-22-40 FS $1,375,000 Kaiulani #40 2,430 #40 3/3.01
SOLD 4/10/2012 for $950,000 (CASH) DOM 79
249168 CND S 13 4-5-4-15-21-68 FS $235,000 Sandpiper #231 1,173 #231 2/2.01
SOLD 4/13/2012 for $228,000 (CASH) DOM 13
246456 CND S 15 4-5-4-5-17-42 FS $289,000 Alii Kai #13B 1,020 #13B 2/2.00
SOLD 4/13/2012 for $284,000 (CASH) DOM 15
236081 CND S 292 4-5-4-12-10-41 FS $455,000 Emmalani Court #524 1,192 2/2.00
SOLD 4/12/2012 for $380,000 (CASH) DOM 292
226466 CND S 23 4-5-4-5-16-36 FS $475,000 Alii Kai #4304 1,086 #4304 2/2.00
SOLD 4/10/2012 for $400,000 (CNV) DOM 23
WITHDRAWN
250805 CND W 115 4-5-4-5-39-191 FS $495,000 Cliffs #9201 963 #9201 1/2.00
PRICE CHANGES
251982 CND A 73 4-5-4-5-17-15 FS $224,900- Alii Kai #9G 1,037 #9G 2/2.00
248026 CND A 207 4-5-4-11-3-29 FS $649,000- Hanalei Bay Resort #H23 1,324 #H23 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:
Cliffs 1206 is a new listing priced at $229K having last sold for $250K in 6/10. Short sale Kamahana 14, priced at $425K is back showing as a new listing with 317 market days. This unit was previously listed from 5/11 to 3/12, starting at $525K and dropping to a low of $390K before going back up to $415K when it expired. This townhouse condo was purchased for $410K in 11/03.
Back on the Market:
Short sale Nihilani 21A is back on the market for a second time, priced at $469K. Purchased from the developer in 10/06 for $778,745, this unit went into escrow for the second time on 4/6 but quickly fell back out on 4/13, allowing for one more opportunity for buyers to get a well priced Makani style unit. Villas of Kamali’i 33, priced at $528K is unfortunately back on the market after going into escrow on 4/2. This short sale last sold for $649K in 7/04.
Contingent:
Short sale Paniolo 104, priced at $150K, went into escrow. This unit last sold for $240K in 9/03. Plantation 1321 is back in escrow. This unit was in escrow and fell out on 3/26 while listed for $595K. It was purchased for $523,992 in 11/05.
Sales:
Wow, take a look at these bargain prices – Ka’iulani 40 was purchased from the developer for $1,772,090 in 2/07 and sold this week for $950K while listed for $1.375M. It does not show as a short sale but is perhaps a tax write off. Short sale Sandpiper 231 sold for $228K cash while listed for $235K. It sold previously for $599,990 in 6/06. Ali’i Kai 13B was purchased for $150K back in 7/92, and closed this week for $284K cash with a list price of $289K. Emmalani Court 524 sold as a foreclosure in 6/09 for $380K and then sold for exactly the same price this week while priced at $455K, although it was not a foreclosure this time. Short sale ocean view Ali’i Kai 4304 sold for $400K while priced at $475K. It sold previously for $541,500 in 2/04.
Withdrawn:
Cliffs 9201, which has been listed several times, was withdrawn after 115 market days priced at $495K.
Price Changes:
Ali’i Kai 9G was priced at $249,900 then reduced to $224,900. This Freddie Mac REO sold for $151K in 12/99 and was foreclosed on in 12/11. Hanalei Bay Resort 5207/08 sold for $483,280 as a foreclosure in 7/10, and reduced in price this week from $699K to $649K.
Condos are getting all the attention at this time, as you’ll see from the rather sparse Princeville home update. At least we had one sale this week which, like the condos, was a cash transaction. There are no new listings – your update starts with a home back on the market:
Copyright ©4/14/2012 by Hawaii Information Service
BACK ON THE MARKET
252778 RES A 32 4-5-4-24-4 FS $1,095,000 4194 Waileia Pl 9,632 sqft 3,480 4/2.02
CONTINGENT SALES
249279 RES C 180 4-5-4-8-45 FS $1,695,000 5063 Kapiolani Lp 22,745 sqft 3,636 3/3.01
SALES
228196 RES S 862 4-5-4-10-41 FS $985,000 5322 Honoiki Rd 10,146 sqft 2,195 3/2.01
SOLD 4/10/2012 for $985,000 (CASH) DOM 862S
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
That’s it for Princeville residential! As of today, we’ve had 33 sales Islandwide for April compared to 58 last April. Of those sales, 14 were condos and 14 houses have been sold. In Princeville, we’re ahead for this month with 3 condos sold last April compared to 6 sold so far, and 5 homes sold last April compared to 5 sold already this month. That’s good news. With interest rates staying low and pricing so attractive, I’m hoping to see more sales as we head into the summer. There are still plenty of good buys out there if you know when and where to look.
That’s why I’m here, to be your eyes and feet on the ground. If you have any questions about these or any other properties on Kauai, please do not hesitate to ask. Have a great week.
Aloha Elaine
Have you ever seen a builidng like this? And if so, where?
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Apr 1st to Apr 7th
Aloha,
Happy Easter to you. Our Kauai Easter is “dampened” with off and on driving rain, gusty winds and temps in the low 70′s. That’s chilly for those of you who are sitting there scratching your head wondering what the problem is. It’s all relative — and a matter of perspective. This was a busy week for condos with 5 going into escrow but very slow for houses. Take a look for yourself:
Copyright ©4/8/2012 by Hawaii Information Service
NEW LISTINGS
253490 CND A 4-5-4-5-39-80 FS $64,900 Cliffs #3304 1,137 #3304 2/2.00
253226 CND A 4 4-5-4-5-27-1 FS $335,000 Hale Honu #1A 1,085 #1A 3/1.01
252887 CND A 6 4-5-4-5-18-42 FS $349,000 Puamana #12B 1,298 #12B 2/2.00
BACK ON THE MARKET
247792 CND A 209 4-5-4-5-3-4 FS $150,000 Paniolo #104 1,058 #104 1/2.00
CONTINGENT SALES
250177 CND C 138 4-5-3-11-1-39 FS $705,000 Villas On The Prince #39 1,732 #39 3/3.00
250122 CND C 138 4-5-4-5-39-43 FS $189,999 Cliffs #2203 917 #2203 1/2.00
251037 CND C 88 4-5-4-12-10-11 FS $369,000 Emmalani Court #224 1,192 #224 2/2.00
250276 CND C 57 4-5-4-5-24-61 FS $469,000 Nihilani #21A 1,874 #21A 3/2.01
248930 CND C 113 4-5-4-6-1-33 FS $528,000 Villas Of Kamalii #33 1,825 #33 3/3.00
SALES
245727 CND S 282 4-5-4-12-11-36 FS $975,000 Puu Poa #308 1,726 #308 2/2.00
SOLD 4/4/2012 for $912,500 (CASH) DOM 282
UNDER CONTRACT
250290 CND U 106 4-5-4-6-1-25 FS $550,000 Villas Of Kamalii #25 1,825 #25 3/3.00
WITHDRAWN
233079 CND W 753 4-5-4-12-9-34 FS $719,000 Pali Ke Kua Iii #246 1,150 #246 2/2.00
PRICE CHANGES
249878 CND A 151 4-5-4-5-23-34 FS $379,000- Plantation #912 1,153 #912 2/2.00
246904 CND A 254 4-5-4-5-27-17 FS $413,000- Hale Honu #9A 1,085 #9A 3/1.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©4/8/2012 by Hawaii Information Service
New Listings:
Fractional share Cliffs 3303 is offering two month for $69K. It was purchased as a leasehold in 5/02 for $130K then converted to fee simple in 4/04 for $66,150. It’s been listed as high as $165K for a two month share back in 2007 and has been continuously listed since that time, dropping in price to $79K. Hale Honu 1B is on the market priced at $335K after selling for $384,500 in 7/04. It was previously listed from 8/07 to 4/08 for $485K and from 4/08 to 4/09 starting at $460K and reducing to $440K. Puamana 12B, which offers golf course and distant ocean views, is back on the market at a new low price of $349K. Purchased in 8/05 for $540K, this unit was previously listed from 3/07 to 7/07 for $675K, from 7/07 to 1/08 for $649K, and from 3/08 to 2/9 when it started at $649K and reduced to $595K. This is not a short sale.
Back on the Market:
Short sale Paniolo 104 is back on the market after going into escrow on 1/7. Priced at $150K, this unit was purchased for $240K in 9/03. Ocean view Pali Ke Kua 246, priced at $719K is back on the market after going into escrow on 3/14. This condo sold for $455K in 4/01. After coming back on the market, this unit was later withdrawn as you’ll see below.
Contingent:
Villas on the Prince 39 went into escrow with a list price of $705K. This unit sold for $520,900 in 5/02. Cliffs 2203 sold for $130K as a leasehold in 5/02 then converted to fee simple in 4/04 for $66,150. This bank owned property, which was foreclosed on in 10/11, went into escrow priced at $189,999. Short sale Emmalani Court 224 last sold for $670K in 4/05 and went into escrow as a short sale priced at $369K. Short sale Nihilani 21A, priced at $469K went into escrow. This Makani unit sold for $778,745 in 10/06. Villas of Kamali’i 33 found a buyer while listed for $528K. Villas 33 sold for $649K in 7/04 and is a short sale.
Sales:
Pu’u Po’a 308 sold for $912,500 cash while listed for $975K. It last sold for $360K in 10/91.
Under Contract:
Villas of Kamali’i 25 moved from contingent to under contract which means we should see this unit closing shortly. Purchased in 3/04 for $625K, this townhome, which is listed for $550K went into escrow on 3/10.
Withdrawn:
Pali Ke Kua 246 was withdrawn after 753 market days priced at $719K. This unit sold for $455K in 4/01.
Price Changes:
Short sale Plantation 912 reduced from $399K to $379K and sold for $599K in 10/05. Hale Honu 9A reduced from $433K to $413K and was last sold for $180K in 6/02.
Here is your Princeville home update, which consists only of one expired and one price reduction:
Copyright ©4/8/2012 by Hawaii Information Service
EXPIRED
252778 RES X 29 4-5-4-24-4 FS $1,095,000 4194 Waileia Pl 9,632 sqft 3,480 4/2.02
PRICE CHANGES
238236 RES A 591 4-5-3-11-38 FS $830,000- 4104 Aloalii Dr 8,970 sqft 2,024 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©4/8/2012 by Hawaii Information Service
It was a pretty quiet week for houses but things will undoubtedly pick back up. Things seem to go in cycles – you’ll see several units in one condo complex sit for week after week, then suddenly they all seem to go into escrow at once. Or, as it the case now, everyone is snapping up condos with little attention seemingly going towards houses. As of today in Princeville, there are 33 condos and 7 houses in escrow. Islandwide, the result is quite different with 105 condos and 124 houses in escrow.
If you have any questions about these properties or any Kauai properties, please do not hesitate to email. That’s why I’m here – so you can get the facts before buying or selling. Happy Easter once again!
Aloha Elaine
The Hibiscus bushes are in full bloom, filled with bright red flowers!
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Kauai 2012 March Market Statistics
Aloha,
Unfortunately, March 2102 did live up to expectations, at least not mine! There were several spurts of “buying activity” which led me to think we’d have a great March, but we ended up with only 59 sales which is down substantially from the 75 which occurred in March 2011. This represents a 21% decrease. Year to date is, of course, also down with 197 year to date for Mar 11 compared to 183 year to date Mar 12. This is only a 7% decline. In Mar 10 there were 60 sales, Mar 09 – 41 sales, Mar 08 also had 60 sales while Mar 07 had a hefty 103 sales. Even though we only have 183 sales at this point in time, it is more than the recent past, which saw 154 year to date Mar 10, 87 year to date Mar 09, and 167 in Mar 08. 2007 was a big year so the number there is quite a bit more, with 255 sales year to date.
What with the number of short sales, foreclosures and overall market condition, the sales volume is understandably – down. This month we had $35M in sales, which is 16% less than Mar 11 which came in with $41M in sales. However, Mar 12 volume is higher than Mar 10 which had $29M in sale and Mar 09 with $23M, but well below Mar 08 with $54M in sales. Of course, Mar 07 was high with $98M in sales volume. Year to date was pretty much the same – year to date Mar 12 had $102M sales volume, year to date Mar 11 had $125M – the low was year to date Mar 09 with $58M with the high being – once again, year to date Mar 07 with $216M.
Median sales price is up in residential, going from $442,500 in Mar 11 to $491,500 for Mar 12. Condos went from $187,450 in Mar 11 to $295K in Mar 12 while land went down, from $435K in 11 to $374K in 12. Keep in mind, these are median prices and not average pricing. I post the complete MLS statistical report every month on my website. Click here to see it. I’m here if you have questions – don’t hesitate to email – that’s why I’m here!
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Mar 25th to Mar 31st
Aloha,
We’ve had a great week with quite a bit of sunshine and strong trades. I took the opportunity to take my horse out on trail, which essentially means riding along Kapaka Road. If you haven’t driven down this road you really should as you’ll enjoy views off to your right down into Hanalei valley and across to Bali Hai. This area, known as “Princeville Ag” has quite a few stunning homes on the opposite side of the road, with equally stunning views. If you go up to the end, it turns into “Powerline trail” where you can hike down into the Kapaa aboretum – I think it’s about 13 miles. Not an easy hike though as the trail is heavily overgrown, rutted and very slippery in many area.
I took pictures as we rode along – not the easiest thing to do from horseback. The views toward the valley and Bali Hai left me shooting into the sun but it’s still beautiful:
My horse turned her head everytime I took a picture, trying to determine the nature of the clicking and chirping:
We rode past one of the best buys I’ve seen recently which, “in the day” sold for $3.150M – and sold recently for an astounding $1.2M! Not many bargain like this one!
Saw some “friends” as we rode along:
…and got a different view on flowers, since I was shooting from above….
But I digress. Here’s your Princeville condo update for the week just past:
Copyright ©4/1/2012 by Hawaii Information Service
NEW LISTINGS
251903 CND A 6 4-5-4-5-17-14 FS $239,000 Alii Kai #9F 1,037 #9F 2/2.00
253131 CND A 2 4-5-4-5-4-5 FS $349,000 Mauna Kai #5A 1,503 #5A 2/2.00
253318 CND A 5 4-5-4-5-23-10 FS $395,000 Plantation #312 1,153 #312 2/2.00
BACK ON THE MARKET
248930 CND A 106 4-5-4-6-1-33 FS $528,000 Villas Of Kamalii #33 1,825 #33 3/3.00
226280 CND A 972 4-5-4-5-23-51 FS $595,000 Plantation #1321 1,318 #1321 3/3.00
CONTINGENT SALES
249586 CND C 31 4-5-4-5-17-49 FS $299,000 Alii Kai #14A 1,020 2/2.00
SALES
239599 CND S 324 4-5-4-12-3-23 FS $379,000 Hanalei Bay Villas #23 1,244 #23 2/2.01
SOLD 3/28/2012 for $379,000 (CNV) DOM 324
EXPIRED
245356 CND X 317 4-5-4-5-13-14 FS $415,000 Kamahana #14 1,635 #14 3/2.00
WITHDRAWN
245756 CND W 30 4-5-4-5-24-37 FS $499,000 Nihilani #13A 1,874 #13A 3/2.01
PRICE CHANGES
248930 CND A 106 4-5-4-6-1-33 FS $528,000+ Villas Of Kamalii #33 1,825 #33 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©4/1/2012 by Hawaii Information Service
New Listings:
Ali’i Kai 9F is now on the market as a bank foreclosure priced at $239K. This upstairs mountainview unit sold for $560K in 9/05 and was foreclosed on in 1/12. 9F was previously listed from 7/09 to 6/10, starting at $565K and reducing to $497K when it was withdrawn. Mauna Kai 5A is listed for $349K after selling as a foreclosure in 11/09 for $211,050. Short sale Plantation 312 was purchased for $565K on 8/06 and is now listed for $395K.
Back on the Market:
Two units that were in escrow are unfortunately back on the market: Villas of Kamali’i 33 went into escrow on 1/9 as a short sale and is back on the market at the bank approved price of $528K, up slightly from $525K. It was purchased in 7/04 for $649K. Plantation 1321 went into escrow on 1/25 and is back on the market priced at $595K. This unit sold for $523,993 in 11/05.
Contingent:
Ali’i Kai 14A went quickly into escrow while attractively priced at $299K. This ground floor end unit sold for $385K in 8/03 and is not a short sale.
Sales:
Hanalei Bay Villas 23 sold for the list price of $379K as a short sale. This free standing condo was purchased for $600K in 6/04.
Expired:
Kamahana 14 expired while listed for $415K with 317 market days. It sold for $410K in 11/03 and initially came on the market at $525K.
Withdrawn:
Nihilani 13A, the Makani floor plan, was withdrawn after what shows as 30 market days. This unit was first listed in 6/11 but shows 30 days as the list agent changed brokerage affiliation. Priced at $499K, this unit was purchased from the developer in 3/06 for $680,485.
Price Changes:
As noted under “back on the market,” Villas of Kamali’i 33 increased slightly from $525K to $528K.
Now on to your Princeville home update, which consists only of two homes:
CONTINGENT SALES
238260 RES C 532 4-5-4-23-13 FS $399,000 4841 Moli Pl 8,270 sqft 1,530 3/2.00
UNDER CONTRACT
238795 RES U 529 4-5-3-12-30 FS $995,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Getting back to my ride, I took a picture back toward the Mountains once I reached the intersection of Kapaka and the highway:
We rode back toward the stable, and passed this handsome guy – who could almost get lost in the background –
So lucky we live Kauai! If you need the facts before buying or selling, please don’t hesitate to ask. That’s why I’m here. I hope you enjoyed the ride along. It’s just one of the many reasons people love it here.
Aloha Elaine
View heading back to the stable. My horse took particular interest in the “temporary fencing” that was blowing in the wind. We walked past it about 20 times before she would go quietly.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
Princeville condo (and house) + short sale update for the week of Mar 18th to Mar 24th
Aloha,
Things are starting to move and the consensus seems to be that the market as a whole is picking up, especially with condos. As of today, there are thirty three units in escrow, twenty of which are priced at $500K or less. Eight are in the $500K – $600K price range with only one of the remaining five priced over $1M. In addition, there are only three active condos priced under $250K. With seventy seven active units, there’s still quite a selection from $250K up to $3.425M which is for the entire Orchid Point complex which consists of three ocean front units. Here is your update for this past week:
NEW LISTINGS
252867 CND A 6 4-5-4-5-18-36 FS $305,000 Puamana #10B 1,532 #10B 2/2.00
253093 CND A 6 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01
BACK ON THE MARKET
251037 CND A 74 4-5-4-12-10-11 FS $369,000 Emmalani Court #224 1,192 #224 2/2.00
250276 CND A 43 4-5-4-5-24-61 FS $469,000 Nihilani #21A 1,874 #21A 3/2.01
CONTINGENT SALES
246456 CND C 23 4-5-4-5-17-42 FS $289,000 Alii Kai Ii Hanalei #13B 1,020 #13B 2/2.00
SALES
252300 CND S 0 4-5-4-5-16-6 FS $325,000 Alii Kai At Hanalei #1202 1,086 #1202 2/2.00
SOLD 3/20/2012 for $305,000 (CASH) DOM 0
243691 CND S 321 4-5-4-12-5-11 FS $699,000 Pali Ke Kua #111A 717 #111A 1/1.00
SOLD 3/24/2012 for $639,000 (CASH) DOM 321
WITHDRAWN
246535 CND W 264 4-5-3-6-22-63 FS $799,000 Kaiulani Of Princeville #63 1,901 #63 2/2.01
PRICE CHANGES
243884 CND A 360 4-5-3-6-22-76 FS $670,000+ Kaiulani Of Princeville #76 1,738 #76 2/2.01
252627 CND A 27 4-5-4-5-18-2 FS $255,000- Puamana #1B 1,532 #1B 2/2.00
246908 CND A 236 4-5-4-5-18-76 FS $499,500- Puamana #21B 1,425 3/2.00
250482 CND A 111 4-5-4-6-1-2 FS $689,000- Villas Of Kamalii #2 1,766 #2 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©3/25/2012
New Listings:
Remodeled Puamana 10B is priced at $305K and was purchased for $357,250 in 3/04. Ocean, mountain and golf course view Hanalei Bay Villas 4 is new on the market priced at $699K since last selling for $845K in 7/08. This is not a short sale.
Back on the Market:
Emmalani Court 224 sold for $670K in 4/05. It was on the market at $369K when it went into escrow on 1/23, but like so many short sales, it has fallen out and is back on the market. Short sale Nihilani 21A went into escrow on 3/11 and is now back on the market. This Makani unit sold for $778,745 in 10/06.
Contingent:
Ali’i Kai 13B, priced at $289K went into escrow. This ground floor unit was purchased for $150K in 7/92.
Sales:
Ali’i Kai 1202 closed with a sale price of $305K slightly down from the list price of $325K. This unit last sold for $135K in 6/89. Bali Hai and Hanalei Bay View Pali Ke Kua 111 closed at $639K cash while listed for $699K. This was not a short sale despite a former purchase price of $950K in 10/05.
Withdrawn:
Ka’iulani 63 was withdrawn with a list price of $799K. This townhome started out priced at $839K 264 days ago. It sold for $810K in 9/09.
Price Changes:
Ka’iulani 76, which sold for $900,570 in 4/07 increased in price from $630K to $670K. Short sale Puamana 1B reduced from $265K to $255K. This unit sold for $405K in 4/05. Puamana 21B was purchased as a leasehold in 4/99 for $70K and converted to fee simple in 7/00 for $35,700. It was listed for $533K and reduced to $449,500. Villas of Kamali’i 2, which sold from the developer for $640K in 5/04, reduced slightly from $699K to $689K.
There was very little evidence of activity this week in the way of Princeville homes, as the only change is one home that went into escrow. However, there were quite a few showings this week so hopefully we’ll see some evidence of that in the near future. Here is the one home that found a buyer:
CONTINGENT SALES
240019 RES C 485 4-5-4-22-23 FS $799,000 4137 Nalani Ln 10,720 sqft 2,499 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. Copyright ©3/25/2012
So far we have fifty sales this month – do you think we’ll meed and exceed the seventy five which sold in March 2011? Stayed tuned to find out! iF you are thinking of buying or selling, email me to get the facts. While there are many great opportunities out there, it’s important to know if the property is a bank sale, short sale, a regular sale – along with so many other things, before you make an offer. As a seller, you need to know your competition and where the market is so you can price effectively. Don’t be left in the dust. When you need the facts, don’t hesitate – that’s why I’m here.
Aloha Elaine
This was taken pretty late in the day, with just a hint of the sun remaining.
My view driving home from the stable.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……Making your real estate dreams
my business………
