Princeville condo (and house) update for Feb 28th to Mar 6th
Aloha,
Beautiful Kauai has been dishing out some of her famous changeable weather this past week going from sunny to rainy with windy conditions to cloudy back to sunny and then raining with a rainbow in the blink of an eye. It’s always been a source of amazement to me how quickly the weather changes but also how much it can change within a short distance. When I sat down to work on this it was sunny – now I can hardly detect the ocean from the sky due to the rain….but just wait a few minutes and it’ll be back to sunny in short order. Here is your update for this week:
Copyright 3/7/2010 by Hawaii Information Service
NEW LISTINGS
232326 T A 7 4-5-3-6-22-74 FS $879,000 Kaiulani Of Princeville #74 1,892 #74 2/2.5
232647 T A 1 4-5-3-6-22-64 FS $949,000 Kaiulani Of Princeville #64 1,892 #64 2/2.5
232389 T A 6 4-5-4-5-3-7 FS $217,000 Princeville Paniolo #107 1,058 #107 1/2
SALES
225622 T S 192 4-5-4-5-18-39 FS $365,000 Puamana #11B 1,673 #11B 3/3
SOLD 3/3/2010 for $330,000 (PMM) DOM 192
EXPIRED
221046 T X 350 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
221745 T X 355 4-5-3-6-22-29 FS $1,975,000 Kaiulani Of Princeville #29 2,864 #29 3/3.5
223828 SH X 291 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
192528 T X 1,088 4-5-4-5-13-27 FS $419,000 Kamahana #27 1,732 #27 2/2
221505 T X 365 4-5-4-12-3-23 FS $725,000 Hanalei Bay Villas #23 1,244 #23 2/2.5
220840 T X 364 4-5-4-6-1-33 FS $849,000 Villas Of Kamalii #33 1,825 #33 3/3
207864 T X 731 4-5-4-11-3-32 FS $1,099,000 Hanalei Bay Resort #H26 1,324 #H26 2/2
WITHDRAWN
223270 T W 321 4-5-4-5-27-19 FS $275,000 Hale Honu #10A 1,085 #10A 3/2
229139 T W 116 4-5-4-5-17-15 FS $299,000 Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
TEMPORARILY WITHDRAWN
226346 T T 213 4-5-4-6-1-34 FS $775,000 Villas Of Kamalii #34 1,825 #34 3/3
PRICE CHANGES
227585 T A 172 4-5-4-15-21-65 FS $349,000- Sandpiper Village I #228 1,173 #228 2/2.5
231100 T A 52 4-5-4-5-16-50 FS $474,900- Alii Kai At Hanalei #6102 1,088 #6102 2/2
231629 T A 37 4-5-4-5-4-12 FS $537,000- Princeville Mauna Kai #2B 2,100 #2B 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.
Ka’iulani 74 returns to the market as a new listing for $879K. Purchased in 4/07 for $898,250, this unit was listed from 7/09 to 12/09 for $979K when it expired. At $879K, it is the least expensive unit in the complex. Also being “renewed” is Ka’iulani 64, listed this week at $949K. Purchased on 3/4/08 from the developer for $861,070, this unit first hit the market on 3/7/08 for $975K, decreasing to $900K when it was withdrawn 340 days later. It returned to the market a month later in 3/09 and remained listed for $900K the next 350 days until it expired on 3/10. You’ll also see this property under the expired section of this update. Our final new listing is Paniolo 107, priced at $217K. Paniolo was also previously listed from 12/05 to 10/08 starting at $525K and reducing to $395K at which time it was withdrawn. This unit sold for $475K in 9/05 and is now a short sale.
Puamana 11, purchased for $445,500 in 9/07, sold with seller financing for $330K with a list price of $365K.
Several units expired this past week starting with Ka’iulani 64 which was discussed under the new listings portion of this update. Ka’iulani also 29 expired with 355 market days priced at $1.975M. This unit sold for $1,825,850 in 7/07. A fractional share of Plantation 621, priced at $170K expired after 231 days on the market. Plantation sold for $550K in 8/05. Kamahana 27, purchased for $395K in 4/04, started out at $569K and made a few reductions over it’s 1,088 days on the market, ending with a list price of $419K. Hanalei Bay Villa 23 sold for $600K in 6/04, started out at $845K and reduced to $725K during its 365 days on the market. Villas of Kamali’i 33, listed for $849K and purchased for $649K in 7/04, was on the market for 364 days when it expired. Hanalei Bay Resort H26,purchased for $507,290 in 11/03, started out at $1.339M and reduced to $1.099M during the 731 market days.
Hale Honu 10A, a short sale listed for $275K and purchased for $510K in 8/05 was temporarily withdrawn after 321 days on the market. Ali’i Kai 9G sold for $151K in 12/99 and was listed at $299K when temporarily withdrawn from the market as a possible short sale.
Villas of Kamali’i 34 sold for $670K in 12/04 and was withdrawn while listed at $775K. Interestingly enough, this condo started out at $769K and moved up in price during its 116 market days.
There are just a few price changes this week: Sandpiper 228, purchased for $535K in 6/05 reduced from $380K to $349K as a short sale. Ali’i Kai 6102,which sold for $140K in 8/98 went from $486,900 to $474,900 as a bank REO. Mauna Kai 2B sold for $240K in 4/01 and reduced from $570K to $537K. Now on to your Princeville home update:
Copyright 3/7/2010 by Hawaii Information Service
NEW LISTINGS
227098 RS A -11 4-5-4-18-45 FS $775,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
232506 RS A 6 4-5-4-18-15 FS $849,000 4175 Mahina Pl 10,672 sqft 2,246 3/2.5
232495 RS A 6 4-5-4-21-5 FS $899,000 3722 Albert Rd 13,401 sqft 2,096 3/2
BACK ON THE MARKET
224854 RS A 159 4-5-4-19-19 FS $698,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
227098 RS A -11 4-5-4-18-45 FS $775,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
220820 RS A 355 4-5-4-13-40 FS $929,900 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5
CONTINGENT SALES
227993 RS C 158 4-5-4-18-24 FS $597,000 4679 Emmalani Dr 11,128 sqft 1,861 3/3
228413 RS C 23 4-5-4-16-9 FS $700,000 5015 Emmalani Dr 10,500 sqft 2,380 3/3
SALES
224805 RS S 197 4-5-4-23-46 FS $549,000 3785 Moae Pl 6,894 sqft 1,199 2/2
SOLD 3/5/2010 for $495,000 (CNV) DOM 197
230390 RS S 0 4-5-4-10-23 FS $650,000 4086 Liholiho Rd 10,213 sqft 1,896 3/2
SOLD 3/3/2010 for $585,000 (CASH) DOM 0
EXPIRED
220252 RS X 391 4-5-3-12-42 FS $995,000 4046 Aloalii Dr 8,041 sqft 1,603 2/2.5
PRICE CHANGES
220147 RS A 403 4-5-4-22-10 FS $569,000- 4030 Kawaiala 10,614 sqft 1,710 3/2.5
218860 RS A 454 4-5-4-7-5 FS $599,000- 3934 Namakeha Loop 13,387 sqft 2,047 3/2
231112 RS A 46 4-5-4-13-48 FS $679,000- 3677 Keoniana Rd 11,432 sqft 2,066 3/2.5
227098 RS A -11 4-5-4-18-45 FS $775,000- 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
220820 RS A 355 4-5-4-13-40 FS $929,900- 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5
228923 RS A 122 4-5-4-9-42 FS $1,095,000- 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.5
209908 RS A 521 4-5-4-8-45 FS $2,000,000- 5063 Kapiolani Lp 22,745 sqft 3,636 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.
Take a good look at some of these home prices. You’ll see that the home in Mili Makani on Moae Street closed at $495K. While these Mili Makani homes tend to have somewhat smaller lots than the rests of Princeville, they are all well built and well designed. $495K isn’t a bad price to live in Princeville. I didn’t have a chance to get into the Liholiho home as it came on the market and went right into escrow closing at $585K. The new Mahina listing looks interesting and I hope to show it later this week. Lots of good buys out there. Don’t hesitate to call or email for more info and details.
Aloha Elaine
We had a beautiful full moon the other night seemingly perched between two Norfork Pines.
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!
February 2010 Kauai Market Statistics
Aloha,
Things seem to be on the upswing as we move through our second month of 2010. This month saw a total or 39 sales which is 13 more than the 26 which sold in Feb 09. This represents a 50% increase. Of these sales, 20 were homes, 6 land, 1 commercial, and 12 were condo sales. Although an increase from 09, this number is down when compared with the 57 sales in 08, 83 in 07, 106 in 06 and 102 in Feb. 05. The important thing to note is that for the last two months the numbers have been higher than 09, with 54 Jan 10 sales compared to 20 in Jan 09. This is an excellent indicator of the market, especially when year to date we are up 102% from the 46 properties sold this time last year to 93 which have sold so far this year. Everyone keeps asking when we will turn the corner and maybe that time is now. Of course, you can only “predict” this in hindsight, a good thing to keep in mind if you are a buyer. Year to date 08 had 107 sales, 07 was at 152 while 06 saw a whopping 226 down from 207 sales year to date in 05.
Sales volume saw an increase also, up 76% with $19M in sales in Feb 10 and only $11M in Feb 09. Compared to recent years, it is still low but it appears that we may finally be seeing some recovery. For Feb 08 there were $53M in sales, Feb 07 $64M, 06 saw $66M and Feb 05 was at $73M. Year to date we are up 19% going from $35M this time last year to $42M this year. The top “year to date” volume was 06 with $162M in sales.
Even the median sales price is up across the board, going from $400K for residential in Feb 09 to $446K in Feb 10. Land went from $209K to $237K, and condos increased from $290K to $313K. Year to date pricing is up with residential going from $409K to $436K when comparing 09 to 10. Land was at $204K year to date 09 with an increase to $250K for year to date 2010. Condos are the only area showing a decline in the median sales price year to date, decreasing from $272K to $258K. Here are the sales that show the median for 2009 which is the average of the two midpoint sales of $254K and $290K:
Copyright 3/4/2010 by Hawaii Information Service
218660 Kauai Beach Resort #3328 1/13/2009 $140,000
210870 Islander On The Beach #167 2/24/2009 $162,000
219941 Kawaihau Sports Villa #J201 2/26/2009 $171,600
218530 Islander On The Beach #126 2/27/2009 $200,000
214737 Kalapaki Villas #2603 1/21/2009 $210,000
213578 Sun Village-kauai #A206 2/27/2009 $215,000
209039 Islander On The Beach #246 1/6/2009 $235,000
212327 Plantation Hale #F16 2/20/2009 $238,000
218238 Sun Village-kauai #B308 1/16/2009 $254,000
217913 Banyan Harbor #100 2/20/2009 $290,000
214782 Sandpiper Village I #212 1/26/2009 $375,000
199453 Emmalani Court #322 2/10/2009 $387,000
220490 Villas At Puali #92 2/26/2009 $395,000
217008 Hale Malu At Puhi #12 2/24/2009 $455,000
201267 Nihilani At Princeville Resort #29C 2/26/2009 $565,000
212856 Nihilani At Princeville Resort #14C 1/15/2009 $600,000
213510 Manualoha Ph I & Ii #404 1/9/2009 $800,000
214678 Pali Ke Kua Incr I,ii,iii #213B 2/18/2009 $1,100,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
As for year to date 2010, there were 26 condo sales with the median sales price an average of the two midpoint prices of $232,400 and $285,000:
Copyright 3/4/2010 by Hawaii Information Service
225266 Kauai Beach Resort #3211 2/4/2010 $72,000
230708 Kauai Beach Resort #2308 1/29/2010 $76,000
226210 Kauai Beach Resort #2404 1/8/2010 $79,000
228876 Islander On The Beach #216 1/26/2010 $87,000
230363 Islander On The Beach #133 2/8/2010 $115,000
227588 Halelani Village At Puhi Ph I #H105 2/23/2010 $130,000
227667 Halelani Village At Puhi Ph Ic #W103 2/16/2010 $145,000
228222 Sun Village-kauai #A303 1/22/2010 $145,000
225936 Banyan Harbor #80 1/28/2010 $155,000
228760 Plantation Hale #J16 1/12/2010 $169,500
228999 Paradise Court-kauai #B 1/11/2010 $187,000
228932 Prince Kuhio #337 1/29/2010 $222,000
226124 Princeville Paniolo #103 2/25/2010 $232,400
226802 Sunset Kahili #304 2/26/2010 $285,000
178041 Kahala At Poipu Kai I #822 1/7/2010 $290,000
229751 Regency Huleia #68 2/24/2010 $341,000
224968 Waikomo Stream Villas #521 1/4/2010 $345,500
206865 Kaha Lani #121 1/28/2010 $390,000
228453 Poipu Kapili #23 2/24/2010 $480,000
214620 Kaiulani Of Princeville #39 1/4/2010 $1,040,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
If you want to see the full statistical report click here to go to my website where they are posted every month.
You can also find the complete Kauai MLS on my website along with answers to many of the common and uncommon questions under Kauai RE 101. If you have a question that’s not answered, please ask and maybe you’ll find that your answer becomes a permanent part of the “101″ section. Until next month, don’t hesitate to call or email for all your real estate needs.
Aloha Elaine
I took this picture of this magnificent Hibiscus while in Hana on Maui over Valentines.
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 from Feb 21st to 27th
Aloha,
The news this weekend was the tsunami warning we all woke up to Saturday morning. I’ve been here since 1991 and this one of the very few, rare times I’ve heard the civil defense sirens go off other than for the monthly test. After several hours of watching and waiting, it was determined by one of the scientists at the Pacific Tsunami Warning Center on Hilo that “we dodged a bullet.” It was reported at that time that the distance between the trough of the wave and the crest was 6′, much less than expected. He cautioned that as waves continued to come in it was possible these waves could combine with the energy that was dissipated around the Islands from the prior waves to create an even larger wave.
Pictures were broadcast of the marina in Hilo which went from extremely exposed reefs to views with the reef completely covered, all of which occured in a matter of minutes instead of the usual 6 hours typical for a tide change. So many people were lining the bluffs at the Cliffs condos that I felt compelled to go out and join the crowd. The only interesting pictures to be had were of all the people.
It was yet another magnificent day with business as usual (thankfully) when it comes to the water. See for yourself:
Now on to your update:
Copyright 2/27/2010 by Hawaii Information Service
BACK ON THE MARKET
227584 T A 162 4-5-4-15-21-28 FS $290,000 Sandpiper Village I #128 1,042 #128 2/2
CONTINGENT SALES
224237 T C 593 4-5-4-5-13-28 FS $266,000 Kamahana #28 1,145 #28 2/2
SALES
226124 T S 186 4-5-4-5-3-3 FS $239,000 Princeville Paniolo #103 1,058 #103 1/2
SOLD 2/25/2010 for $232,400 (PMM) DOM 186
226111 T S 144 4-5-4-15-21-54 FS $354,000 Sandpiper Village I #217 1,173 #217 2/2.5
SOLD 2/23/2010 for $350,000 (CNV) DOM 144
UNDER CONTRACT
229521 T U 98 4-5-4-15-21-15 FS $214,900 Sandpiper Village I #115 1,042 #115 2/2
231959 T U 14 4-5-4-12-8-28 FS $459,900 Pali Ke Kua Ii #232 993 #232 2/1.5
229454 T U 44 4-5-4-5-24-76 FS $539,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
WITHDRAWN
227816 SH W 132 4-5-4-15-21-28 FS $179,000 Sandpiper Village I #128 1,042 #128 2/2
227819 SH W 157 4-5-4-5-13-2 FS $195,000 Kamahana #2 1,171 #2 2/2
227817 SH W 159 4-5-4-15-21-65 FS $195,000 Sandpiper Village I #228 1,173 #228 2/2.5
230131 T W 65 4-5-4-6-1-17 FS $945,000 Villas Of Kamalii #17 1,761 #17 3/3
PRICE CHANGES
227584 T A 162 4-5-4-15-21-28 FS $290,000- Sandpiper Village I #128 1,042 #128 2/2
215773 SH A 268 4-5-4-5-27-7 FS $398,000- Hale Honu #4A 866 #4A 2/1
222323 T A 341 4-5-4-5-39-191 FS $589,000- Cliffs At Princeville #9201 963 #9201 1/2
210501 T A 570 4-5-4-5-7-34 FS $649,000- Princeville Sealodge #D5 570 #D5 1/1
226784 T A 190 4-5-4-6-1-12 FS $650,000- 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.
For the second time since I’ve been doing this blog, and the second time in a row, I’m delighted to report that there are no new listings. What with 128 current active condo listings, I really see no need for more. Let’s sell what we have.
The first entry is a unit which is back on the market, Sandpiper 128, priced at $290K which is down from $325K as you’ll see under the price change portion of this update. Purchased in 6/05 for $490K, 128 was previously in escrow as of 1/22/10 and is one of the many short sale units available.
Kamahana 20 found a buyer this week, going into escrow while listed at $266K. It sold in 4/06 for $599K and was previously in escrow but the buyers were gone by the time the bank approved the price. This short sale unit was advertised as being able to close in 30 to 45 days with a cash buyer and obviously someone took them up on their offer. Let’s hope it closes this time.
Paniolo 103 which sold for $184,900 in 7/09 just closed at $232,400 earning the seller a little bit of a gain. It looks like they will have to wait for it however, as this unit sold by way of seller financing, a great way to move a property in today’s market. Sandpiper 217 closed at $350K having been purchased for $310K in 2/04. This upstairs unit is one of the most beautifully upgraded and renovated Sandpiper I’ve ever seen, and is probably one of the nicest upgrades period! This is one lucky seller who didn’t have to bring money to the table to close.
Sandpiper 115, a foreclosure listed at $214,900, moved closer to closing as it went from contingent to under contract. This unit sold for $180K in 12/01 and was foreclosed on by the bank in 7/09. Pali Ke Kua 232, another bank foreclosure also moved from contingent to under contract. This ocean view unit sold for $650K in 9/04 and was listed at $459K. Nihilani 26A is not a short sale, although it sold for $805K in 12/06 from the developer and is under contract listed at $539K. All of these units should be closing in the next week or 10 days.
Three fractional units, all owned by the same seller were withdrawn from the market: Sandpiper 128 priced at $195K (please note it was the whole unit that came back on the market earlier in this report) Kamahana 2, listed for $195K and purchased for $136K in 11/94 and Sandpiper 228 which was listed for $195K and sold for $535K in 6/05. Villas of Kamali’i 17 was also withdrawn while priced at $945K. This is not a fractional. It last sold for $605K in 7/03.
In the price change department we have Sandpiper 128 which was referenced under “back on the market” going from $325K to $290K. Hale Honu 4A reduced from $459K to $398K and sold for $153K in 5/02. This price is for a 6 month fractional share which isn’t much of a bargain considering what you can buy a whole unit for these days. Check it out: here are the Hale Honu unit’s currently on the market:
Copyright 2/25/2010 by Hawaii Information Service
MLS DATA
MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
230827 T A 49 4-5-4-5-27-3 FS $224,900 Hale Honu #2A 866 #2A 2/1
230720 T A 52 4-5-4-5-27-18 FS $295,000 Hale Honu #9B 1,085 #9B 3/2
215773 SH A 266 4-5-4-5-27-7 FS $398,000 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.
Hale Honu 2A is a bank REO while 9B is just a very well priced standard sale – not a short sale. Cliffs 9201 went from $614K to $589K. Purchased in 12/86 as a leasehold unit for $135K and converted to fee simple in 11/91 for $22,500 this is a second floor end unit offering great ocean views. Sealodge D5 sold for $525K in 12/05 and reduced this week from $749K to $649K. Villas of Kamali’i went from $725K to a very attractive $650K as a short sale. This unit sold for $750K in 6/05.
On to your Princeville home update:
Copyright 2/28/2010 by Hawaii Information Service
NEW LISTINGS
232420 RS A 1 4-5-4-23-15 FS $569,000 4839 Moli Pl 7,486 sqft 1,291 3/2
232164 RS A 6 4-5-4-18-56 FS $1,250,000 4158 Kamalani Ln 16,029 sqft 2,834 3/2.5
227098 RS T 0 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
BACK ON THE MARKET
229479 RS A 84 4-5-4-20-31 FS $799,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3
CONTINGENT SALES
229705 RS C 252 4-5-4-19-19 FS $670,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
SALES
223397 RS S 283 4-5-4-18-37 FS $949,000 4193 Kamalani Ln 10,006 sqft 3,320 4/3
SOLD 2/26/2010 for $898,000 (CNV) DOM 283
WITHDRAWN
230899 RS W 49 4-5-4-16-19 FS $500,000 4064 Kaa’humanu Pl 12,058 sqft 2,274 2/3
PRICE CHANGES
220147 RS A 396 4-5-4-22-10 FS $580,000- 4030 Kawaiala 10,614 sqft 1,710 3/2.5
221726 RS A 362 4-5-4-13-13 FS $1,485,000- 3647 Kaweonui Rd 10,836 sqft 2,879 4/3
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Had it not been for the tsunami warning, I would have opened this report with whale watching news. I have seen more whales this year than ever before and most of them were seen from my condo while working. What a treat! I had several this week that couldn’t stop slapping the water with their fins and a couple of others that created attention by slapping the water with their flukes. (tails) The most memorable and exciting was watching one whale breach about 3 times. I’ve had the pleasure of seeing far to many “spouts” to count, and many other miscellanious whale activities along the way. I love Kauai especially during the winter “whale months” as these wonderful creatures add a whole new dimension to the beauty and wonder of the Island living.
Aloha Elaine
First the splash….
Then the whale tail….
A finally pretty much the whole whale!
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 Feb 14th to 20th
Aloha,
If you read last week’s blog, you know I was hoping to provide a picture of Waimoku Falls which flows into the seven sacred pools more correctly known as Ohe’o Gulch in Hana on Maui. First of all, the last time I went to the “pools” you simply drove to the end of the paved road, got out of your car and there they were. That was obviously a long time ago, because the pools are now located within Haleakala National Park in the Kipahulu District, 11 miles from Hana. We rode past them on the bike (motorcycle) never realizing how much things have changed. We were directed back to the park at a small organic market/farm we stopped at just outside of the park where we also learned that there are no pools!!!! They are dry and the huge waterfall we hope to hike to is nothing more than a light trickle of water. So, no pictures were to be had since we decided not to stop and pay the park entrance fee if we couldn’t see the pools and falls.
We did enjoy the little organic farm where we ordered a drink made from sugar cane, coconut and ginger. The proprietor took a long stick of suger cane, (about 5′) cracked it along one side with a hammer then put it through a press which she cranked by hand to extract the sugar cane juice. That took about 5 minutes. She then added in fresh coconut milk and ginger, at which point my hubby jumped on the bicycle which sits prominently in the middle of the store, in front of the counter, and started peddling to power the blender. Very cool. The drink was fabulous and the experience even more so.
Since there we no pools to view, we rode around the area and went by Hamoa Beach, which has supposedly been dubbed the “most perfect crescent beach in the Pacific” by James Mitchner. I wonder if he was ever on Kauai – not to take away from this beach but there’s not much that compares to Hanalei Bay in my mind.
We rode out the next day, stopping at all the waterfalls we saw along the road. It was a great time. It’s always fun to visit the neighbor Islands. We stayed at an ocean front condo where you could watch the water from just about anwhere within the unit. “Hana Kai” was clean, comfortable and well located for walking around Hana. They have a website if you’re headed that way.
This was a busy week in real estate. While I don’t have statistics to quote, I can tell you that the agents I talked to all felt the same way — they were all showing more property and seeing more activity in the market. What’s remarkable about the update this week is that for the first time since I’ve been doing this weekly update, which is about 3 years now, there are no new listings. Take a look for yourself:
Copyright 2/20/2010 by Hawaii Information Service
BACK ON THE MARKET
221046 T A 341 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
CONTINGENT SALES
210873 T C 600 4-5-4-5-16-52 FS $529,000 Alii Kai At Hanalei #7101 886 #7101 2/2
UNDER CONTRACT
226111 T U 144 4-5-4-15-21-54 FS $354,000 Sandpiper Village I #217 1,173 #217 2/2.5
WITHDRAWN
226115 T W 494 4-5-4-5-24-50 FS $517,000 Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
225775 T W 213 4-5-4-5-18-15 FS $525,000 Puamana #4C 1,532 #4C 2/2
TEMPORARILY WITHDRAWN
196334 SH T 997 4-5-4-6-1-42 FS $159,000 Villas Of Kamalii #42 1,825 #42 3/3
196328 SH T 997 4-5-4-6-1-42 FS $159,000 Villas Of Kamalii #42 1,825 #42 3/3
PRICE CHANGES
230720 T A 47 4-5-4-5-27-18 FS $295,000- Hale Honu #9B 1,085 #9B 3/2
216340 T A 505 4-5-4-5-23-41 FS $469,000- Plantation At Princeville #1111 1,153 #1111 2/2
214768 T A 556 4-5-4-5-12-35 FS $525,000- Sealodge Ii #J8 743 #J8 2/2
228165 T A 138 4-5-4-12-10-27 FS $529,000- Emmalani Court #415 1,456 #415 2/2
191813 T A 1,096 4-5-4-5-18-21 FS $539,000- Puamana #6B 1,732 #6B 3/2
226784 T A 183 4-5-4-6-1-12 FS $725,000- Villas Of Kamalii #12 1,825 #12 3/3
227839 T A 138 4-5-4-6-1-18 FS $799,000- Villas Of Kamalii #18 1,825 #18 3/3
227179 T A 123 4-5-4-6-1-54 FS $819,000- Villas Of Kamalii #54 1,767 #54 3/3
228874 T A 110 4-5-4-5-16-24 FS $820,000- 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.
Ka’iulani 64 starts this update coming back on the market priced at $900K after expiring earlier this week. This unit sold from the developer on 3/08 for $861,070. One unit, Ali’i Kai 7101 went into escrow this week while listed at $529K. This short sale started out at $749K and sold for $625K in 6/07. Sandpiper 217 listed for $354K went under contract which means all the contingencies have been removed. We should see this unit closing in the next week or two. Unit 217 sold for $310K in 2/04.
Nihilani 17B, a resale that sold from the developer on 7/06 for $637,113 was withdrawn after 494 market days. This unit started out at $519K, moved down to $515K then back up to $517K which was the list price when it was taken off the market. Puamana 4C was also withdrawn listed at $525K after selling in 4/07 for $487K.
Two fractional shares of Villas of Kamali’i 42 were temporarily withdrawn while listed for $159K after 997 market days. Kamali’i 42 sold as a whole unit in 6/07 for $805K.
On to price changes: Hale Honu 9B, which is not a short sale, went from $310K to $295K and was purchased for $355K in 4/04. Plantation 1111, purchased for $598,402 in 11/05 was reduced from $499K to $469K. Sealodge J8 sold for $323K in 10/01 and made a major price reduction this week, going from $625K to $525K. If you’ve been wanting a two bedroom ocean front condo, check it out. Emmalani Court 415 went from $575K to $529K and last sold for $610K in 5/05. Puamana 6B was purchased for $542K in 9/05 and went from $579K to $538K this week. Three Villas of Kamali’i units reduced this week: Villas 12 made a small change from $730K to $725K and last sold for $750K in 6/05 while Villas 18 sold for $630K in 1/04 and reduced from $825K to $799K. Villas 54 sold for $607,500 in 11/03 and reduced from $849K to $819K. The final reduction is Ali’i Kai 3204 which had a substantial reduction going from $940K to $820K. This unit was purchased for $365K in 8/02.
Now on to your Princeville home update:
Copyright 2/20/2010 by Hawaii Information Service
NEW LISTINGS
232099 RS A 5 4-5-4-14-5 FS $1,133,000 3778 Kelii Pl 13,508 sqft 2,952 4/3
231973 RS A 2 4-5-4-7-12 FS $1,678,000 3912 Namakeha Loop 10,055 sqft 2,300 3/3
BACK ON THE MARKET
229705 RS A 244 4-5-4-19-19 FS $670,800 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
SALES
226491 RS S 146 4-5-4-23-38 FS $523,000 3812 Iluna Pl 6,895 sqft 1,310 3/2
SOLD 2/17/2010 for $510,000 (CNV) DOM 146
EXPIRED
214882 RS X 501 4-5-3-12-33 FS $1,585,000 3998 Aloalii Dr 9,823 sqft 3,800 4/4.5
PRICE CHANGES
231419 RS A 29 4-5-4-22-4 FS $469,500- 4087 Nalani Ln 11,244 sqft 1,424 3/2
229431 RS A 94 4-5-4-9-23 FS $599,000- 5215 Poki’i Ln 11,157 sqft 1,432 3/2
229419 RS A 96 4-5-4-23-55 FS $604,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
218860 RS A 439 4-5-4-7-5 FS $649,000- 3934 Namakeha Loop 13,387 sqft 2,047 3/2
231112 RS A 31 4-5-4-13-48 FS $689,000- 3677 Keoniana Rd 11,432 sqft 2,066 3/2.5
218770 RS A 439 4-5-4-16-77 FS $775,000+ 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5
228923 RS A 107 4-5-4-9-42 FS $1,175,000- 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.5
210725 RS A 123 4-5-4-8-47 FS $2,795,000- 5045 Kapiolani Lp 16,502 sqft 4,226 5/4.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s been cool this past week making it easy to tell the visitors from the locals. I’ve been wearing jeans (which I seldom wear on Island) and a sweatshirt or sweater while visitors are happy to enjoy the “warmth” wearing shorts and tank tops. It’s all in your point of reference. That’s it for this week. If you have any questions, don’t forget to call or email. That’s why I’m here, to keep you informed when it comes time to buy or sell real estate. Thought you might enjoy a few pics from our Hana, Maui Valentines weekend celebration.
Aloha Elaine
View from our condo at Hana Kai Hana Maui
Maui Waves
Our transportation for the weekend
Endless Maui views
One of many falls we passed along the way
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 Feb 7th to 13th
Aloha,
Happy Valentine’s day. Looks like Brookfield is getting closer to finally having Nihilani sold out. I haven’t checked lately but it seems there are only about 5 developer condos left. The developer is really dealing on these last few units so if you’ve ever thought about buying into Nihilani, now is the time. Take a look at this past week’s update:
Copyright 2/14/2010 by Hawaii Information Service
NEW LISTINGS
231562 T A 3 4-5-4-5-4-2 FS $425,000 Princeville Mauna Kai #2A 1,503 #2A 2/2
231959 T A 5 4-5-4-12-8-28 FS $459,900 Pali Ke Kua Ii #232 993 #232 2/1.5
231316 T A 5 4-5-4-5-39-188 FS $750,000 Cliffs At Princeville #9102 917 #9102 1/2
231926 T S 0 4-5-4-5-24-23 FS $370,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
SOLD 2/8/2010 for $370,000 (CASH) DOM 0
231925 T S 0 4-5-4-5-24-29 FS $380,000 Nihilani At Princeville Resort #10B 1,567 #10B 2/2.5
SOLD 2/8/2010 for $380,000 (CASH) DOM 0
BACK ON THE MARKET
224237 T A 580 4-5-4-5-13-28 FS $266,000 Kamahana #28 1,145 #28 2/2
227179 T A 117 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
CONTINGENT SALES
218641 SH C 439 4-5-4-5-23-30 FS $99,000 Plantation At Princeville #812 1,153 #812 2/2
SALES
231926 T S 0 4-5-4-5-24-23 FS $370,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
SOLD 2/8/2010 for $370,000 (CASH) DOM 0
231925 T S 0 4-5-4-5-24-29 FS $380,000 Nihilani At Princeville Resort #10B 1,567 #10B 2/2.5
SOLD 2/8/2010 for $380,000 (CASH) DOM 0
EXPIRED
221046 T X 336 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
WITHDRAWN
196998 T W 974 4-5-4-15-21-43 FS $289,000 Sandpiper Village I #206 1,173 #206 2/2.5
229794 T W 70 4-5-4-5-24-95 FS $540,000 Nihilani At Princeville Resort #32B 1,567 #32B 2/2.5
TEMPORARILY WITHDRAWN
228953 T T 53 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
PRICE CHANGES
229452 T A 89 4-5-3-11-1-30 FS $649,000- Villas On The Prince #30 1,732 #30 3/3
230560 T A 48 4-5-3-6-22-25 FS $1,390,000- Kaiulani Of Princeville #25 2,864 #25 3/3.5
224335 T A 262 4-5-4-15-21-11 FS $220,000- Sandpiper Village I #111 1,042 #111 2/2
230827 T A 38 4-5-4-5-27-3 FS $224,900- Hale Honu #2A 866 #2A 2/1
224237 T A 580 4-5-4-5-13-28 FS $266,000+ Kamahana #28 1,145 #28 2/2
230071 T A 67 4-5-4-5-12-1 FS $535,000- Sealodge Ii #F1 556 #F1 1/1
222351 T A 326 4-5-4-5-39-138 FS $635,000- Cliffs At Princeville #5308 1,186 #5308 2/2
226466 T A 172 4-5-4-5-16-36 FS $660,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2
230300 T A 169 4-5-4-5-16-35 FS $725,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
229379 T C 93 4-5-4-5-24-80 FS $299,000- Nihilani At Princeville Resort #27B 1,567 #27B 3/2.5
229381 T C 93 4-5-4-5-24-94 FS $425,000- Nihilani At Princeville Resort #32A 1,874 #32A 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.
Most all the new listings are repeats of prior listings with the exception of Mauna Kai 2A which is new this week listed at $425K. This unit sold 5/00 in $110K. Pali Ke Kua 232 is back on the market as a bank REO priced at $459,900. This unit sold for 9/04 for $650K and foreclosed by the bank on 1/10. It was previously listed from 12/07 to 11/09 and started out priced at $869K and reduced to $499K during it’s 703 days on the market. Cliffs 9102 is back on the market as a new listing at $750K and last sold for $450K in 2/04. This unit was listed from 6/07 to 7/08 starting out at $910K and reducing to $895K during the listing period.
Two developer Nihilani units came onto the market (they had been previously listed) showing as sold. Both were the two story, reverse floor plan Hoku models, units 8B which sold for $370K and 10B which went for $380K. You’ll see these two units also listed under sales. 8B was first listed from 6/07 to 10/07 for $699,200, from 4/08 to 2/09 starting at $598,300, increasing to $665,200 and reducing to $578K, and once again from 10/09 to 12/09 for $485K. 10B started out at $730,800 in 6/07 to 10/07, was relisted from 2/08 to 2/09 starting at $699,200 and ending at $643,300.
Two unit are back on the market after – unfortunately – falling out of escrow. Kamahana 28, a short sale listed for $266K and purchased for $599K in 4/06 went contigent back in October. Apparently, after gaining bank approval the buyer was nowhere to be found. This listing says it can close in the standard 45 days if there is an interested buyer out there. Villas of Kamali’i 54, priced at $849K went into escrow the end of January. This unit sold for $607,500 in 11/03.
A fractional share of Plantation priced at $99K went into escrow after 435 days on the market. This unit sold for $729K in 6/06 and was originally priced at $145K.
As noted under new listings, two Nihilani developers units came on the market showing as sold: unit 10B and 8B.
Ka’iulani unit 64 priced at $900K expired after 336 market days. This unit sold from the developer on 3/08 for $861,070. Sandpiper 26, purchased for $114,500 in 11/99 was withdrawn from the market priced at $289K. It started out priced at $525K. A resale Nihilani unit 32B, priced at $540K and purchased for $679,295 in 1/06 was also withdrawn from the market. Ali’i Kai 5101, which sold for $595K in 5/04 and was priced at $649K was temporarily withdrawn from the market.
Now on to our favorite, price reductions: Villas on the Prince 30, which was purchased for $565K in 3/04 reduced from $679K to $649K. Ka’iulani 25 went from $1.590M to $1.390M and sold from the developer in 10/07 for $1,621,790. The foreclosure Hale Honu 2A, which last sold for $155K on 5/02 and was foreclosed on in 10/09 reduced from $234,900 to $224,900. Sealodge F1 sold for $600K in 6/05 and reduced from $560K to $535K. Cliffs 5308 reduced from $675K to $635K and sold for $347,375 as a leasehold, converting to fee simple in 2/04 for $117,810. Two Ali’i Kai units reduced; 4303 purchased for $541,500 in 2/04 went from $695Kto $669K and 4303, purchased for $490K in 12/03 reduced from $750K to $725K. Both units are owned by the same seller. Two Nihilani agent owned units that are in short sale, and are showing contingent on the MLS, reduced in an effort to attract back up offers. Nihilani 27B went from $349K to $229K having sold from the developer in 10/06 for $682,180. Nihlani 32A reduced from $499K to $425K and sold for $985K in 3/06 from the developer.
That’s it for condos, now on to your Princeville Homes update:
Copyright 2/14/2010 by Hawaii Information Service
NEW LISTINGS
231960 RS A 3 4-5-4-23-35 FS $599,000 3793 Moae Pl 6,386 sqft 1,651 3/2
228413 RS A 2 4-5-4-16-9 FS $700,000 5015 Emmalani Dr 10,500 sqft 2,380 3/3
231979 RS A 2 4-5-4-7-19 FS $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2
BACK ON THE MARKET
226493 RS A 185 4-5-4-19-16 FS $867,000 5112 Napo’okala Cir 15,320 sqft 2,196 3/2.5
SALES
223132 RS S 205 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2
SOLD 2/4/2010 for $640,000 (CNV) DOM 205
UNDER CONTRACT
230390 RS U -2 4-5-4-10-23 FS $650,000 4086 Liholiho Rd 10,213 sqft 1,896 3/2
TEMPORARILY WITHDRAWN
229479 RS T 82 4-5-4-20-31 FS $799,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3
227098 RS T 17 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
PRICE CHANGES
225837 RS A 184 4-5-4-7-6 FS $1,250,000- 3932 Namakeha Lp 12,575 sqft 2,848 4/3.5
222122 RC A 339 4-5-4-4-46 FS $1,495,000- 4901 Hanalei Plant Rd 1.41 ac 1,802 4/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Plenty of good buys out there if you have the time to look and are patient. Some of the best buys are short sales but as a buyer, patience is key. All to often, banks come through with approval and buyers have gone off on other pursuits. If you have any questions about short sales, foreclosures, or just want to know what’s going on in the market, don’t hesitate to call or email. That’s why I’m here.
“Here” this week is over on Maui where my new hubby and I came to celebrate Valentines day. We flew over, rented a Harley and first rode around the Western part of the Island above Ka’anapali and Napili then continued on through Pa’ia to Hana where we are in an oceanfront condo. So, we’re off to go explore Hana town then ride up the road to the Seven Sacred Pools more properly known as Ohe’o Gulch. I understand a 4 mile hike will get you to a 400′ waterfall. Look for that next week if we make it. Have a wonderful Valentine’s day.
Aloha Elaine
Great views from high atop the Pali —
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!
January 2010 Kauai Market Statistics
Aloha,
Jan 2010 certainly outperformed Jan 09 with 54 sales this past month compared to 20 in 09. Hopefully, this bodes well for the rest of 2010! Of January’s sales; 31 were residential, 9 land sales, and 14 condos. The residential sales were across the board with 1 in the Waimea zone, 9 in Koloa, 7 Lihue, 8 Kawaihau zone and 6 in the Hanalei zone. In Jan 08 there were 50 sales, 69 in Jan 07, a whopping 121 in 06 and 105 in Jan 05. We’ve clearly got a long way to go before we get back to the height of the market.
Despite a 170% increase in sales from Jan 09 to 10, sales volume is down going from $24,023,569 in Jan 09 to $22,120,465 in Jan 10 which represents am 8% decrease. What does THAT say about pricing? In Jan 08 sales volume was at $47M, Jan 07 was even higher at $55M, while Jan 06 posted volume of an amazing $95M with Jan 05 at $67M.
As for median sale price, residential in Jan 10 is at $375K down from $466K in Jan 09, $585K in Jan 08, $799K in Jan 07, $651K in Jan 06 and $492K in Jan 05. Land went down from $250K in Jan 10 to $200K in Jan 09. Jan 08 had the high for the last few years, with a median price of $855K up from $425K in 07, $585K in Jan 06 and $330K in Jan 05.
Here are the sales for land in Jan 09 which resulted in the median (not average) price of $250K:
Copyright 2/12/2010 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
185840 6250-B Olohena Rd #2 1/15/2010 $160,000
230869 3761 Alana Pl 1/8/2010 $215,000
199791 2790 MOKOI ST, Apt 2 1/27/2010 $236,000
220795 3647 Uwao St 1/6/2010 $240,000
224437 4061 Pai St 1/29/2010 $250,000
215416 Poipu Beach Estates Lot #:106 1/20/2010 $255,000
222042 Poipu Beach Estates Lot #:137 1/20/2010 $295,000
228911 Hauiki Rd 1/22/2010 $335,000
227589 4859 Emmalani Dr 1/29/2010 $375,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here’s how Jan 08 ended up at $855K:
Copyright 2/12/2010 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
206606 Kaena St 1/30/2008 $316,000
201981 Waiakalua #B 1/18/2008 $635,000
205789 Alaeke Rd 1/9/2008 $649,000
184111 5071 Opelu St 1/2/2008 $855,000
205861 Kukuiula Residential Subdivision Ph I Lot #:79 1/10/2008 $2,140,000
205858 Kukuiula Residential Subdivision Ph Iia Lot #:6 1/10/2008 $3,200,000
203999 Kuhio Hwy. #4 1/18/2008 $6,750,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Condos remained pretty steady with a median sales price of $204K in Jan 10, $254K in Jan 09, $586K in Jan 08, $455 in Jan 07, $430K in Jan 06 and $470K in Jan 05. If you want to see the full report for Jan 2010, you’ll find it on my website, Www. KauaiRealEstateNow.com under Market Statistics. Click here to access the information.
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 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!
