Princeville Kauai condo (and house) + short sale update for the week of May 5th to May 11th
Aloha,
Happy Mother’s day to all the mothers out there. It’s trying to be a sunny day on Kauai – here on the North Shore, but it’s only having mixed success. First rain, then a moment of sunshine, then more clouds – but we’ll see what the remainder of the day brings. There are several new listings this week and some new escrows. Surprisingly, there are no price changes this week.
NEW LISTINGS
263326 CND A 5 4-5-3-6-22-25 FS $1,374,000 Kaiulani #25 2,864 #25 3/3.01
262765 CND A 4 4-5-3-6-22-31 FS $1,599,000 Kaiulani #31 2,864 #31 3/3.01
263297 CND A 3 4-5-4-15-21-12 FS $293,000 Sandpiper #112 1,042 #112 2/2.00
263443 CND A 2 4-5-4-5-18-87 FS $457,000 Puamana #24B 1,532 #24B 2/2.00
BACK ON THE MARKET
254213 CND A 370 4-5-4-12-9-23 LH $449,000 Pali Ke Kua #233 993 #233 2/2.00
CONTINGENT SALES
262658 CND C 33 4-5-3-6-22-67 FS $749,000 Kaiulani #67 1,738 #67 2/2.01
261359 CND C 81 4-5-4-5-3-4 FS $189,900 Paniolo #104 1,058 #104 1/2.00
261657 CND C 65 4-5-4-5-7-34 FS $439,000 Sealodge #D5 570 #D5 1/1.00
SALES
257549 CND S 176 4-5-4-5-23-31 FS $569,000 Plantation #821 1,366 #821 3/3.00
SOLD 5/10/2013 for $550,000 (CASH, CNV) DOM 176
259066 CND S 90 4-5-4-6-1-34 FS $625,000 Villas Of Kamalii #34 1,825 #34 3/3.00
SOLD 5/9/2013 for $585,000 (CASH) DOM 90
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:
Ka’iulani 25 is new on the market with a list price of $1.374M. This townhome was purchased as a short sale in 10/10 for $995K. Prior to that it sold from the developer for $1,621,790 in 10/07. So which way do you think the market is heading?
Ka’iulani 31 is also new on the market since selling from the developer for $1,822,350 in 7/07. It is listed for $1.599M. Downstairs Sandpiper 112 is listed for $298K, having last sold for $335K in 6/04. It was previously on the market from 8/07 to 12/07 priced at $449,900 and again from 7/08 to 11/08 for $415K. Although the seller is taking a loss, this is not a short sale. The unit is upgraded with granite slab countertops in the kitchen and tile throughout.
Puamana 24B is priced at $457K. This unit sold for $375K in 2/05. It was listed previously from 4/06 to 6/06 for $617K, again from 5/08 to 7/08 for $527K and once again from 10/08 to 2/09, starting at $497K and reducing to $467K.
Back on the Market:
Leasehold Pali Ke Kua 233 is back on the market at $449K, which is the same price as when it expired. This ocean view unit sold for $390K in 6/01.
Contingent:
Ka’iulani’s continue to be popular, as #67 found a buyer this week while priced at $749K. Are prices on the rebound? This unit sold for $668K not quite year ago, in 6/12. Bank REO Paniolo 106 was priced at $189,900 as it went into escrow. This downstairs unit sold for $240Kin 9/03 and was foreclosed on by the bank in 2/13. Sealodge D5 went into escrow with a list price of $439K. It sold for $525K in 12/04.
Sales:
Plantation 821 sold for $550K while listed for $569K. The previous sale was for $600K in 4/08. Villas of Kamali’i 33 was purchased for $670K in 12/04 and sold this week for $585K cash while listed for $625K.
Now on to your Princeville Kauai single family home update:
NEW LISTINGS
263419 RES A 1 4-5-4-15-18 FS $869,000 3820 Haulani Pl 10,560 sqft 3,363 5/4.01
BACK ON THE MARKET
263419 RES A 1 4-5-4-15-18 FS $869,000 3820 Haulani Pl 10,560 sqft 3,363 5/4.01
CONTINGENT SALES
255554 RES C 322 4-5-4-4-52-1 FS $4,495,000 4615 Hanalei Plantation Rd #A 31,715 sqft 3,864 #A 4/3.01
SALES
258937 RES S 131 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00
SOLD 5/6/2013 for $500,000 (CASH) DOM 131
WITHDRAWN
261062 RES W 82 4-5-4-14-26 FS $998,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01
PRICE CHANGES
263419 RES A 1 4-5-4-15-18 FS $869,000+ 3820 Haulani Pl 10,560 sqft 3,363 5/4.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
We’re heading into summer, which is generally the most active time for real estate sales. I’m expecting a busy summer with plenty of great opportunities for well prepared buyers and sellers. If you are realistic in your expectations, whether a buyer or seller, you’ve got a good head start over the rest of the real estate buying population. Find an agent you trust, have them surround you with a knowledgeable support team and you’ll be good to go. Any questions about the buying or selling process? Just send me an email – that’s why I’m here – so you have the facts. Enjoy this Mother’s day.
Aloha Elaine
Finally at the time of the year when the sun sets into the ocean. Love it!
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
RE/MAX Kauai
Princeville Resort Office
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Apr 28th to May 4th
Aloha,
It was another beautiful week, a little muggy with the trades diminishing a bit here and there, but overall, it’s still paradise and I love it. Apparently others do too as 2 condos and 1 house went into escrow while 5 condos closed escrow to the delight of their new owners – plus there are 4 new condo listings for your consideration. Take a look at all the activity:
NEW LISTINGS
263161 CND A 0 4-5-4-5-18-7 FS $425,000 Puamana #2C 1,570 #2C 4/2.00
262996 CND A 5 4-5-4-6-1-1 FS $659,000 Villas Of Kamalii #1 1,761 #1 3/3.00
263309 CND A 2 4-5-4-6-1-33 FS $700,000 Villas Of Kamalii #33 1,825 #33 3/3.00
263088 CND A 5 4-5-4-6-1-12 FS $765,000 Villas Of Kamalii #12 1,825 #12 3/3.00
262822 CND S 0 4-5-4-12-3-8 FS $740,000 Hanalei Bay Villas #8 1,244 #8 2/2.01
SOLD 5/3/2013 for $740,000 (CASH) DOM 0
CONTINGENT SALES
260250 CND C 110 4-5-4-5-18-94 FS $339,000 Puamana #26A 1,214 #26A 2/2.00
259655 CND C 138 4-5-4-5-17-41 FS $389,900 Alii Kai Ii Hanalei #13A 1,020 #13A 2/2.00
SALES
257991 CND S 160 4-5-4-5-23-14 FS $389,000 Plantation #412 1,153 #412 2/2.00
SOLD 5/3/2013 for $385,000 (CASH) DOM 160
228849 CND S 1202 4-5-4-5-23-25 FS $425,000 Plantation #711 1,153 #711 2/2.00
SOLD 4/29/2013 for $425,000 (CNV) DOM 1202
256338 CND S 63 4-5-4-5-15-1 FS $429,000 Paliuli #1 1,337 #1 2/2.00
SOLD 5/1/2013 for $425,000 (CNV) DOM 63
262822 CND S 0 4-5-4-12-3-8 FS $740,000 Hanalei Bay Villas #8 1,244 #8 2/2.01
SOLD 5/3/2013 for $740,000 (CASH) DOM 0
261337 CND S 8 4-5-4-12-5-29 FS $899,000 Pali Ke Kua Incr #211C 1,127 #211C 2/2.00
SOLD 4/30/2013 for $899,000 (CASH, CNV) DOM 8
UNDER CONTRACT
253361 CND U 312 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01
EXPIRED
254213 CND X 365 4-5-4-12-9-23 LH $449,000 Pali Ke Kua #233 993 #233 2/2.00
PRICE CHANGES
259655 CND C 138 4-5-4-5-17-41 FS $389,900+ Alii Kai #13A 1,020 #13A 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
New Listings:
Puamana 2C is new on the market priced at $425K. It is listed as a 4 bedroom unit with 1 bedroom downstairs and 3 up. It sold previously for $195K in 4/01. Villas of Kamali’i 1 is priced at $659K. This unit sold for $743K in 3/05 and was previously listed from 3/07 to 3/08 starting at $1.075M and dropping to $935K. Villas of Kamali’i 33 sold as a short sale in 8/12 for $530K and is now back as a new listing priced at $700K. Villas of Kamali’i 12 is back on the market priced at $765K after selling as a short sale for $525K in 2/11. Hanalei Bay Villas 8, which last sold as a bank REO for $435K in 3/11, came on the market showing as sold for the list price of $740K cash. You’ll also see it under the sold portion of this update.
Contingent:
Puamana 26A was priced at $339K when it went into escrow this week. This unit sold for $325K in 1/04. Ali’i Kai 13A found a buyer after increasing in price last week from $374,900 to $389,900. This first floor remodeled unit was purchased for $268K in 12/11. Another sign prices are increasing.
Sales:
Plantation 412 was listed for $412K and it sold for $385K cash. This unit sold from the developer in 9/05 for $405K. Plantation 711 sold for the list price of $425K after 1202 days on the market. It was purchased from the developer in 9/05 for $455,402. Paliuli 1 sold for $425K with a list price of $429K. This was not a short sale despite being purchased for $575K in 8/07. As noted above, Hanalei Bay Villas 8 sold for the list price of $740K. Pali Ke Kua 211, which has ocean and Bali Hai views, sold for the list price of $899K, cash. It was originally purchased for $285K in 7/97.
Under Contract:
Ka’iulani 8 went from contingent to under contract and should be closing soon. Priced at $1.225K this unit was purchased from the developer for $1,939,420 in 3/08.
Expired:
Leasehold Pali Ke Kua 233 expired after a year on the market with a list price of $449K. It sold previously for $390K in 6/01.
Price Changes:
Ali’i Kai 13A increased in price, going from $374,900 to $389,900. This ground floor unit sold for $268Kin 12/11. Not bad!
Now on to your Princeville Kauai single family home update:
NEW LISTINGS
263260 RES A 2 4-5-4-15-13 FS $789,000 3841 Haulani Pl 10,409 sqft 2,016 3/2.00
262073 RES A 5 4-5-4-16-72 FS $1,285,000 4436 Emmalani Dr 10,034 sqft 3,444 4/3.00
262888 RES A 1 4-5-4-13-9 FS $1,550,000 3679 Kaweonui Rd 15,352 sqft 3,695 4/3.02
CONTINGENT SALES
261469 RES C 71 4-5-4-7-11 FS $1,150,000 3916 Namakeha Lp 10,066 sqft 2,628 3/3.01
PRICE CHANGES
262839 RES A 17 4-5-4-10-29 FS $1,485,000- 5238 Honoiki Rd 10,182 sqft 3,454 4/4.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I’m sure you noticed that several of the condos that were purchased at excellent short sale / REO prices are now back on the market priced much higher. If you noticed, then you can rest assured that sellers are on high alert and overjoyed to see the market finally heading back up. I’m seeing multiple offers on many of the properties, and of course, cash is always king, relatively speaking. (Not if the offer is low, however.)
As a buyer, you need to be well prepared when making an offer, which should include at a minimum, proof of cash funds and a prequal (or even better, a pre-approval) letter from a local lender. Make sure your offer is complete, concise and reasonable. That’s the market climate we’re heading towards now. If you are interested in buying or selling and have questions or are curious as to what is available, please send am email. That’s why I’m here – to get you the facts before buying or selling.
And — If you want to buy Mom a piece of paradise for her special day, it’s not too late! I’m here to make that dream come true too!
Aloha Elaine
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Kauai 2013 April Market Statistics
Aloha,
Apr 13 turned out to be very hot, ending up with 124 sales, which is an increase of 72% over the 72 sales of Apr 12. The increase was spread among residential – which went from 29 to 54 sales, land which had a 160% increase with 10 sales in Apr 12 to 26 in Apr 13 and condo with 44 sales this Apr compared to 33 Apr 12. The “low” in sales was in Apr 08 with 48 sales and Apr 09 with only 45. Apr 13 is far and away the best performing month since 2008.
Year to date, Apr 13 has 308 sales compared to 263 for this time last year. With the exception of 2009 –which had only 131 sales at the end of Apr – things have been steadily increasing since 2008. Year to date Apr 08 had 212 sales, Apr 10 had 219 and year to date Apr 11 had a total of 255 sales.
Sales volume is also on the upswing, with $63M in sales this Apr compared to $43M in Apr 12, which is a 46% increase. Once again, this is the high for the last 6 years. The low was in Apr 09, which only posted $27M in sales, followed closely by Apr 11 with $29M in sales volume.
Year to date there have been $177M in sales. Last year at this time there were $149M in sales, 2011 had $154M, 2010 – $118M, 09 was the low year to date with only $85M and finally 08 year to date had $190M in sales volume.
Median sales for residential in Apr is down from $680K in 12 to $585K in Apr 13. Land median is up from $216,500 to $255K in Apr 13 – with condos going from $312K in Apr 12 to $335K for Apr 13. Year to date the median is up across the board: going from $449,750 year to date Apr 12 to $500K for this year in residential; land is up from $260K to $272,500 and condos went from $290K to $323,750. Keep in mind, these are median prices and not average prices. To see the full MLS statistical report, please click here to go to my website where I post the full report every month.
Aloha Elaine
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Apr 21st to Apr 27th
Aloha,
It’s been a glorious weekend – the kind that makes you want to run out and buy a property even if that was not the original plan. Nice and sunny, beautiful blue skies, and a gentle breeze making for a perfect day at the beach – or hiking or anything else outdoors. Everyday in Kauai is a blessing but there are some days where mother nature presents such a perfect stage you simply cannot do anything but look out and admire all that surrounds you. We enjoyed sitting out on the bluff during sunset as the albatross skimmed along the bluff just a few feet above our heads.
As for real estate activity, condo activity remained steady while houses were still on the quiet side. Take a look below:
NEW LISTINGS
262881 CND A 3 4-5-3-11-1-32 FS $769,000 Villas On The Prince #32 1,737 #32 3/3.00
263005 CND A 5 4-5-3-6-22-20 FS $2,200,000 Kaiulani #20 2,864 #20 3/3.01
263014 CND A 5 4-5-4-5-23-39 FS $649,000 Plantation #1021 1,318 #1021 3/3.00
262824 CND A 5 4-5-4-6-1-59 FS $650,000 Villas Of Kamalii #59 1,766 #59 3/3.00
CONTINGENT SALES
260766 CND C 87 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00
249929 CND C 528 4-5-4-5-18-66 FS $349,000 Puamana #18C 1,532 #18C 2/2.00
SALES
261403 CND S 4 4-5-3-6-22-65 FS $759,000 Kaiulani #65 1,892 #65 2/2.01
SOLD 4/22/2013 for $730,000 (CASH) DOM 4
261730 CND S 2 4-5-3-6-22-52 FS $1,099,000 Kaiulani #52 2,479 #52 3/3.00
SOLD 4/26/2013 for $950,000 (CASH) DOM 2
257965 CND S 141 4-5-4-6-1-40 FS $695,000 Villas Of Kamalii #40 1,825 #40 3/3.00
SOLD 4/22/2013 for $685,000 (CNV) DOM 141
UNDER CONTRACT
254197 CND U 322 4-5-3-6-22-55 FS $1,099,000 Kaiulani #55 2,479 #55 3/3.00
PRICE CHANGES
245262 CND A 718 4-5-3-11-1-10 FS $785,000- Villas On The Prince #10 1,732 #10 3/3.00
261359 CND A 67 4-5-4-5-3-4 FS $189,900- Paniolo #104 1,058 #104 1/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
New Listings:
Villas on the Prince 32 is now listed for $769K after selling for $545K in 2/03. This townhome was previously listed from 5/08 to 4/09, starting at $980K and reducing to $895K.
Ka’iulani 20 is back on the market with a new low price of $2.2M. Purchased in 11/07 for $1,985,180, this unit first came on the market in 11/08 to 1/09 priced at $2.650M, again from 2/09 to 7/09 at the same price, from 10/09 to 4/11 starting at $2.650M and reducing to $2.595M and most recently from 5/11 to 2/13 with a start price of $2.495M and an ending price of $2.295M.
Plantation 1021 is new on the market with a price of $649K. This successful vacation rental sold from the developer for $523,993 in 12/05.
Villas of Kamali’i 59 has a new low list price of $650K after selling for $586K in 4/04. It was first listed from 8/09 to 1/11 starting at $795K and reducing $699K and again from 2/11 to 2/12 with a list price of $695K.
Contingent:
Short sale Hale Moi 106 went into escrow with a list price of $280K. This unit sold for $485K in 10/05. Puamana 18C, which had been on the market for 527 days, also found a buyer while priced at $349K. This townhouse last sold for $315K in 1/04.
Sales:
Ka’iulani 65, which was only on the market for 4 days priced at $759K, closed for $730K cash. This unit sold for $855K in 3/08. Ka’iulani 52, one of the developer’s units, sold quickly for $950K cash while listed for $1.099M. Villas of Kamali’i 40 sold for $685K while priced at $695K. Is the market going up? – The seller purchased this unit for only $530K in 7/11 and actually made themselves some $$.
Under Contract:
Ka’iulani 55 moved closer to closing by going from contingent to under contract. Priced at $1.099M, this is also one of the remaining developer units.
Price Changes:
Villas on the Prince 10 reduced from $798,900 to $785K. It was purchased for $470,320 in 2/02. Paniolo 106 reduced from $209,900 to $189,900. This REO last sold in 9/03 for $240K.
Now on to your Princeville single family home update which consists of one property going into escrow and two other price reductions:
UNDER CONTRACT
258937 LND, MTF, RES U 131 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00
PRICE CHANGES
254151 RES A 366 4-5-4-7-34 FS $2,875,000+ 3824 Punahele Rd 17,151 sqft 5,095 5/6.01
259903 RES C 115 4-5-4-10-1 FS $1,100,000- 4146 Liholiho Rd 9,966 sqft 3,884 4/4.01 A
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Clients keep asking if I think the market is picking up – how about this – we are now at 112 sales for Apr 13 compared to 72 for all of Apr 12. Year to date we are at 296 compared to 263 at the end of year to date Apr 12. Right now there are 26 properties Island wide under contract and another 192 that are contingent. Do you want to guess what the final total will be for this month?
Any way you look at it, things are on the upswing. Pricing is definitely on the upswing and many properties are seeing multiple offers, some coming in over asking price. If you want to get into the market now, you need to be prepared and ready to move quickly. If you have any questions about how to prepare and/or what is available, email me with you questions and concerns. That’s why I’m here, so you get the facts before buying or selling.
Aloha Elaine
Most of you probably know that we have wild pigs on Island, most of which are black. Recently, the owner of the ranch where I keep my horse told me she’d seen a black and white “pinto” pig. I saw it the other day and managed (barely) to get a couple of pictures as the pinto pig ran across the pastures. They’re not great pictures as they are low resolution with my cell phone but look closely and you’ll see the unusual pinto pig.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Apr 14th to Apr 20th
Aloha,
I had several showings of my listings this past week, so it seemed busy to me, but in actual MLS status changes, it was as slow as I’ve seen in awhile. We didn’t even have any new listings this week, which is rare. Just one sale and a couple of price changes and that was it. Take a look for yourself:
BACK ON THE MARKET
260766 CND A 80 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00
SALES
256825 CND S 175 4-5-4-5-7-12 FS $235,000 Sealodge #B4 564 #B4 1/1.00
SOLD 4/15/2013 for $224,000 (CNV) DOM 175
PRICE CHANGES
230147 CND A 1225 4-5-3-6-22-9 FS $1,499,000+ Kaiulani #9 2,864 #9 3/3.01
260766 CND A 80 4-5-4-12-2-6 FS $280,000+ Hale Moi #106 1,033 #106 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Back on the Market:
Short sale Hale Moi 106 is back on the market with a new higher price of $280K up from $269K. You’ll also see this unit under the price changes portion of the update. It sold for $485K in 10/05.
Sales:
Sealodge B4 sold for $224K while listed for $235K. The previous sale was for $110K in 5/90.
Price Changes:
Ka’iulani 9, which sold from the developer for $2,008,270 in 2/08 increased from $1.450M to $1.499M and is not a short sale. As noted above, Hale Moi 106 came back on the market at $280K.
Short but sweet – maybe we can get some of the existing inventory moving since we didn’t have any new — Moving right along to your Princeville residential update which has two new listings, and one that went into escrow:
NEW LISTINGS
262903 RES A 3 4-5-3-12-42 FS $990,000 4046 Aloalii Dr 8,041 sqft 1,604 3/2.01
262839 RES A 3 4-5-4-10-29 FS $1,585,000 5238 Honoiki Rd 10,182 sqft 3,454 4/4.00
CONTINGENT SALES
262581 RES C 12 4-5-4-16-33 FS $705,000 5020 Emmalani Dr 10,500 sqft 2,388 #0 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.
Even though things are a little slow this week, we’re still ahead of April 12 with 74 sales to date compared to 72 for last year. As of today, Sunday, there are 42 properties under contract and another 293 (Wow – I didn’t realize it was that many!) that are contingent. On a yearly basis, we are behind with only 258 sales now compared to 263 at the end of April 12. Clearly, we’ll easily surpass that and hopefully, continue on with a very successful summer.
If you are unsure as to if now is the best time to buy or sell, or have any questions about these or other Kauai properties, please send me an email. You know that’s why I’m here – to make sure you have the facts before buying or selling. That’s it for this week! Enjoy the picture below of the fabulous sunset we enjoyed yesterday.
Aloha Elaine
Sunset from the lookout by Pali Ke Kua. Stunning!
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
Princeville, HI 96722
cell: 808 639 2935
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Apr 7th to Apr 13th
Aloha,
It was another beautiful week with a brief period of showers this weekend. We were under a flash flood watch Saturday and told to expect heavy thunderstorms but escaped with minimal rain instead. Real estate has been keeping a steady pace, with houses even starting to move. A total of 21 properties Islandwide went into escrow while 37 closed escrow. Is the market moving? Yes, I think so. Take a look at the activity from this past week:
NEW LISTINGS
262658 CND A 5 4-5-3-6-22-67 FS $749,000 Kaiulani #67 1,738 #67 2/2.01
262621 CND A 5 4-5-4-5-18-31 FS $365,000 Puamana #8D 1,298 #8D 2/2.00
262379 CND S 0 4-5-3-6-22-59 FS $719,000 Kaiulani #59 1,892 #59 2/2.01
SOLD 4/8/2013 for $707,000 (CNV) DOM 0
BACK ON THE MARKET
260722 CND A 52 4-5-3-6-22-51 FS $1,238,000 Kaiulani #51 2,443 #51 3/3.01
CONTINGENT SALES
261901 CND C 11 4-5-4-12-9-17 FS $559,000 Pali Ke Kua #139 993 #139 2/1.01
257549 CND C 210 4-5-4-5-23-31 FS $569,000 Plantation #821 1,366 #821 3/3.00
SALES
262379 CND S 0 4-5-3-6-22-59 FS $719,000 Kaiulani #59 1,892 #59 2/2.01
SOLD 4/8/2013 for $707,000 (CNV) DOM 0
258701 CND S 0 4-5-4-5-24-46 FS $389,000 Nihilani #16A 1,406 #16A 2/2.00
SOLD 4/10/2013 for $360,000 (CNV) DOM 0
WITHDRAWN
256413 CND W 257 4-5-3-11-1-1 FS $699,000 Villas On The Prince #1 1,760 #1-1 3/3.00
258194 CND W 159 4-5-3-11-1-6 FS $709,000 Villas On The Prince #6 1,737 #6 3/3.00
258670 CND W 107 4-5-4-12-11-6 FS $1,250,000 Puu Poa #106 2,079 #106 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
New Listings:
Ka’iulani 67 is a new listing this week with a price of $749K, having last sold for $665K in 6/12. Puamana 8D is back on the market with a new list price of $365K. Purchased as a leasehold in 8/87 for $80K and converted to fee simple in 10/00 for $35,700, this unit was previously listed from 8/06 to 8/07 for $579K and more recently from 8/12 to 1/13 when it was withdrawn while listed for $295K. Remember back when I said once the market turned the sellers would start pricing up – well, take a look at this unit and you’ll see it in action.
Ka’iulani remains on fire, with unit 59 coming on the market priced at $719K and showing as sold for $707K. The purchase price of this unit was $625K in 4/12. This was a super low sale from the developer!
Back on the Market:
Ka’iulani 51 is back on the market after being temporarily withdrawn on 3/21. This townhome sold for $1.6M in 10/09 and is listed for $1.238M.
Contingent:
Ocean view Pali Ke Kua 139 flew off the shelf as many of the ocean view condos are doing these days, going into escrow within 8 days with a list price of $559K. This unit sold for $499K in 6/02. Not much of an increase there. Plantation 821 found a buyer after 205 market days while listed for $569K. This unit sold for $600K in 4/08.
Sales:
As noted in new listings, Ka’iulani 59 came on the market showing as sold. Nihilani 16A, which sold for $346K in 6/10, closed this week for $360K while listed for $389K. This was a 2 bed, 2 bath Moana floor plan.
Withdrawn:
Villas on the Prince 1, priced at $699K, was withdrawn after 257 market days. It sold previously for $986K in 3/06. Also withdrawing from the market is Villas #6 which was priced at $709K. It was listed for 159 days and last sold for $725K in 3/05. Pu’u Po’a 106 came off the market after 107 days while listed at $1.250M. This is a one owner which sold for $189,500 in 9/86.
Price Changes:
Amazingly,there were NO price changes this week.
Now on to your Princeville Kauai home update:
NEW LISTINGS
262581 RES A 5 4-5-4-16-33 FS $705,000 5020 Emmalani Dr 10,500 sqft 2,388 #0 3/3.00
262742 RES A 725 4-5-4-13-59 FS $759,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00
CONTINGENT SALES
260828 RES C 61 4-5-4-7-9 FS $922,000 3924 Namakeha Lp 10,107 sqft 1,576 3/2.00
257443 RES C 180 4-5-4-10-48 FS $1,195,000 5374 Honoiki Rd 10,185 sqft 2,250 3/3.00
SALES
251972 RES S 362 4-5-4-24-6 FS $890,000 4210 Waileia Pl 8,416 sqft 2,526 3/4.00
SOLD 4/10/2013 for $837,500 (CASH, CNV) DOM 362
257588 RES S 79 4-5-4-17-63 FS $897,000 4536 Emmalani Dr 10,563 sqft 2,766 4/3.01
SOLD 4/10/2013 for $860,000 (CASH, CNV) DOM 79
WITHDRAWN
235317 RES W 1010 4-5-3-12-42 FS $990,000 4046 Aloalii Dr 8,041 sqft 1,603 #0 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.
Some buyers may have already lost out on the opportunity to purchase as they are finding that the very low end properties are either non-existent or they go so fast, they never have a chance to make an offer. Fannie Mae REO’s are usually extremely well priced but generally only allow owner occupants to make offers within the first 15 days on the market. If you think investors ever get a chance at these properties, think again.
You can still get a great buy but you have to be ready to move as soon as the desired property hits the market. Ready to move means you’ve done your homework up front, have gotten most of your questions answered in advance, have your lender lined up and have a pre-qual letter in hand. If you are still looking for someone to help you achieve your goal of buying or selling, please do email me. That’s why I’m here, to turn your real estate dreams into reality.
Aloha Elaine
Beautiful Hanalei Valley
Elaine Schaefer (R) BIC
Broker in Charge – Princeville Resort Office
(R, CRS, GRI, ABR, SFR)
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
Princeville, HI 96722
Cell: 808 639 2935
soldonkauai@gmail.com
www.KauaiRealEstateNow.com
activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Mar 31st to Apr 6th
Aloha,
It was a busy week for ocean view condos – two new units came on the market and three closed – all ocean view. They are flying off the shelves – take a look:
NEW LISTINGS
262592 CND A 0 4-5-4-5-12-19 FS $389,000 Sealodge #H1 556 #H1 1/1.00
261901 CND A 4 4-5-4-12-9-17 FS $559,000 Pali Ke Kua #139 993 #139 2/1.01
SALES
259556 CND S 57 4-5-4-5-12-22 FS $349,000 Sealodge #H4 567 #H4 1/1.00
SOLD 4/2/2013 for $340,000 (CNV) DOM 57
259205 CND S 55 4-5-4-12-9-28 FS $559,000 Pali Ke Kua #238 993 #238 2/2.00
SOLD 4/2/2013 for $559,000 (CNV) DOM 55
253480 CND S 90 4-5-4-5-16-20 FS $675,000 Alii Kai #3104 1,085 #3104 2/2.00
SOLD 4/1/2013 for $612,000 (CASH) DOM 90
WITHDRAWN
255259 CND W 289 4-5-4-5-3-25 FS $335,000 Paniolo #213 1,058 #213 1/2.00
PRICE CHANGES
259607 CND A 64 4-5-4-5-18-97 FS $459,999+ Puamana #26D 1,298 #26D 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:
Sealodge H1 is new on the market priced at $389K after selling as a Fannie Mae REO in 12/10 for $270K. Ocean view Pali Ke Kua 139 is now on the market for $559K after selling for $499K in 6/02. It was first listed from 9/08 to 4/09 for $799K but was withdrawn and again from 12/09 to 9/12 during which time it started at $699K reducing to $499K by the end of the listing
Sales:
Sealodge H4 yielded capital gains, with a sale price of $340K and a prior purchase price of $50,900 in 11/77. Ocean view Pali Ke Kua 238 sold for the list price of $559K. It was previously a leasehold unit which sold for $369K in 5/04 and then converted to fee simple in 10/11 for $40K. Ocean view Ali’i Kai 3104 closed for $612K cash after being listed for $675K. This unit also had nice capital gains having sold for $170K in 6/95.
Withdrawn:
Paniolo 213 was withdrawn after 289 days priced at $335K. This upstairs unit sold for $118K in 3/00.
Price Changes:
Puamana 26D posted a price increase from $449,999 to $459,999. This unit last sold for $385K in 11/08.
Now on to your Princeville Kauai residential update:
NEW LISTINGS
262443 RES A 5 4-5-3-12-2 FS $2,500,000 4049 Aloalii Dr 8,641 sqft 3,238 3/3.01
262574 RES A 1 4-5-4-9-50 FS $749,000 5295 Pokii Ln 10,831 sqft 1,312 2/2.00
CONTINGENT SALES
253755 RES C 300 4-5-4-13-11 FS $795,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
SALES
261001 RES S 3 4-5-4-21-6 FS $799,000 3730 Albert Rd 14,367 sqft 1,985 3/3.00
SOLD 4/3/2013 for $789,000 (CNV) DOM 3
WITHDRAWN
256428 RES W 188 4-5-4-17-27 FS $895,000 4830 Emmalani Dr 10,143 sqft 2,355 3/2.01
PRICE CHANGES
258386 RES A 142 4-5-3-12-17 FS $1,650,000- 3963 Aloalii Dr 9,316 sqft 3,247 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.
Here we are on April 7th and we already have 24 sales Islandwide for the month. Last April there were a total 72 sales. Think we’ll do better this April? I think so. If you want to talk about the market or need the facts before buying or selling, please do not hesitate to email me. That’s why I’m here.
Aloha Elaine
If you’ve been following my blog for long, you know I love the hibiscus. This was after a brief shower.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Kauai 2013 March Market Statistics
Aloha,
Despite doubts from the naysayers, I’m still of the opinion that things are on the upswing and will continue to go that way. Now that’s not to say that there won’t be plateaus and the occasional well priced foreclosure or short sales, but I am seeing more and more “regular” properties come on that are selling very well. This past Mar 13 had a total of 73 sales, which is a 9% increase over Mar 12 with 67. Going back 6 years, there was only one Mar which had more sales, a total of 75, which was Mar 11.
Due to a slow start this year, we only have 183 sales so far compared to 191 for this time last year. Again, the high “year to date” within the last 6 years is Mar 11 with 197.
Sales volume stayed pretty steady, with $38,622,150 in sales for Mar 12 and $38,211,757 for Mar 13 which is a mere 1% decrease. Mar 08 had the highest sales volume with $53,639,200 within the last 6 years while the lowest was Mar 09 with only $23,249,955.
Year to date we are pulling ahead, going from $106,125,860 in sales for Mar 12 up to $113,747,548 for this Mar. The high year was Mar 08 with $153,001,400. The low was Mar 09 which only had $58,344,624.
Median sales price is, amazingly, almost the same, with $491,500 for residential in Mar 12 compared to $491,250 for Mar 13. Condos had a nice bump up going from a median of $285K in Mar 12 to $395K in Mar 13. If you want to see the full three page MLS Statistical report, click here to view it on my website where I post it each month.
Questions? You know who to ask. I’m here to make sure you have the facts before buying or selling.
Aloha Elaine
Beautiful Bali Hai after the rain has cleared.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Mar 24th to Mar 30th
Aloha,
Happy Easter! Although it looks nice and sunny today, overall it was another wet, windy and c–o–l–d week. Ask anyone – temps in the mid 50′s at night is cold here. Throw in some gusty winds and driving rain and you’ll see us all in jeans, sweatshirts and jackets- big puffy jackets. Yes, we may be wimps be we’re warm wimps.
Overall, March held its own, with 73 sales compared to 67 for last March. There still may be a few that closed Friday but have not yet been recorded in the MLS. This past week was a little on the slow side, perhaps due to the weather or the fact that it was Easter week. There were several new condo listings, only one sale, and surprisingly, not even one price reduction in either condos or homes. Take a look for yourself:
NEW LISTINGS
262212 CND A 4 4-5-4-5-39-77 FS $549,990 Cliffs #3301 1,186 #3301 2/2.00
261921 CND A 4 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01
262276 CND A 6 4-5-4-6-1-45 FS $769,000 Villas Of Kamalii #45 1,825 #45 3/3.00
260780 CND S 0 4-5-4-5-18-53 FS $549,000 Puamana #15A 1,419 #15A 3/3.00
SOLD 3/27/2013 for $549,000 (CNV) DOM 0
SALES
260780 CND S 0 4-5-4-5-18-53 FS $549,000 Puamana #15A 1,419 #15A 3/3.00
SOLD 3/27/2013 for $549,000 (CNV) DOM 0
WITHDRAWN
257161 CND W 206 4-5-4-5-30-13 FS $450,000 Mauna Kai #F23 1,478 #F23 3/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
New Listings:
Top floor end unit Cliffs 3301 is one the market priced at $549,990. This unit sold as a leasehold in 2/81 for $176,600 and was converted to fee simple in 2/97 for $38K. It was previously listed from 7/03 to 1/06 starting at $495K and moving up to $545K. Hanalei Bay Villas 4 is back on the market priced at $699K. Purchased in 7/08 for $845K, this free standing condo was listed once before from 3/12 to 12/12 for $699K.
Villas of Kamali’i 45 is on the market with a price of $769K. Purchased in 9/07 for $850K, this townhome was on the MLS from 4/10 to 1/11 starting at $859K and reducing to $847K when it was withdrawn. Puamana 15A came back on the market showing as sold for $549K. This golf course view three bedroom unit was purchased previously for $395K in 3/11. It had been listed briefly before for 23 days in 10/12 at the same price.
Sales:
As noted under new listings, Puamana 15A sold for $549K.
Withdrawn:
Mauna Kai 9, priced at $450K was withdrawn from the market. This unit last sold for $570Kin 12/06.
Now on to your Princeville Kauai home update:
BACK ON THE MARKET
258937 LND, MTF, RES A 104 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00
SALES
260596 RES S 6 4-5-4-20-3 FS $1,347,000 5121 Kapiolani Lp 30,742 sqft 1,989 3/2.01
SOLD 3/28/2013 for $1,300,000 (CASH, CNV) DOM 6
WITHDRAWN
254787 RES W 97 4-5-4-23-35 FS $509,900 3793 Moae Pl 6,386 sqft 1,651 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.
Year to date, there have been 183 sales compared to 191 this time last year but I’m convinced we’ll more than catch up and surpass that number as the months go by. If you are hoping to purchase your piece of paradise, the best thing you can do is to get prequalified with a local lender.
The good properties go fast and if you’re not sure of your financial ability and don’t have financing in place, you could lose out to a more prepared buyer. If you need help negotiating the buying or selling process, or have any questions about these or any other properties, you know who to ask. Just email me, that’s why I’m here – so you have the facts before buying or selling.
Enjoy your beautiful Easter Sunday.
Aloha Elaine
Here’s a real Easter “peep” for you. I may have forgotten to mention Kauai has wild chickens all over the Island. This little peep was running to catch up with the mother hen.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
Princeville Kauai condo (and house) + short sale update for the week of Mar 17th to Mar 23rd.
Aloha,
It’s been a busy week for Ka’iulani – the developer is really moving these units after holding onto them for several years. You’ll see them in every category – New Listings, Contingent, Sales and more. Take a look for yourself:
NEW LISTINGS
262145 CND A 4 4-5-3-6-22-63 FS $789,000 Kaiulani #63 1,892 #63 2/2.01
262210 CND A 2 4-5-3-6-22-49 FS $1,195,000 Kaiulani #49 2,479 #49 3/3.00
CONTINGENT SALES
254197 CND C 327 4-5-3-6-22-55 FS $1,099,000 Kaiulani O#55 2,479 #55 3/3.00
SALES
261433 CND S 12 4-5-3-6-22-1 FS $1,250,000 Kaiulani #1 2,843 #1 3/3.01
SOLD 3/18/2013 for $1,195,000 (CASH) DOM 12
EXPIRED
257643 CND X 181 4-5-4-12-11-17 FS $1,295,000 Puu Poa #203 1,352 #203 2/2.00
WITHDRAWN
253709 CND W 294 4-5-4-12-11-9 FS $1,200,000 Puu Poa #109 1,646 #109 2/2.00
TEMPORARILY WITHDRAWN
260722 CND T 50 4-5-3-6-22-51 FS $1,238,000 Kaiulani #51 2,443 #51 3/3.01
PRICE CHANGES
256024 CND A 239 4-5-3-11-1-7 FS $729,999- Villas On The Prince #7 1,732 #7 3/3.00
254198 CND A 327 4-5-3-6-22-53 FS $1,249,000+ Kaiulani #53 2,443 #53 3/3.01
261359 CND A 32 4-5-4-5-3-4 FS $209,900- Paniolo #104 1,058 #104 1/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
New Listings:
Ka’iulani 63 is back on the market priced at $789K after selling for $642K in 12/12. Ka’iulani 49 is a developer’s unit, now priced at $1.195M after being as high as $1.749M back in 06.
Contingent:
Ka’iulani 55, one of the developer’s units priced at $1.099M went into escrow.
Sales
The developer’s Ka’iulani 1, sold for $1.195M cash while listed for $1.250M.
Expired:
Pu’u Po’a 203 expired after 181 days priced at $1.295K. This unit was purchased for $960K in 4/04.
Withdrawn:
P’uu Po’a 109 was withdrawn while listed for $1.2M. It was purchased for $949K in 3/04.
Temporarily Withdrawn:
Ka’iulani 51, priced at $1.238M was temporarily withdrawn from the market. This unit sold for $1.6M in 10/09.
Price Changes:
Villas on the Prince 7 which was purchased for $625K in 6/03, reduced from $779K to $729,999. The developer’s Ka’iulani’s are selling so well the price on unit 53 was increased from $1.199M to $1.249M. Bank REO Paniolo 104 had a price reduction from $219,900 to $209,900. It was purchased for $240K in 9/03 and taken over by the bank on 2/13.
Now on to your Princeville Kauai single family residence update:
BACK ON THE MARKET
253755 RES A 286 4-5-4-13-11 FS $795,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
CONTINGENT SALES
254734 RES C 300 4-5-4-24-5 FS $749,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01
SALES
244139 RES S 686 4-5-4-20-26 FS $855,000 5145 Iolani Pl 10,995 sqft 2,704 3/3.00
SOLD 3/18/2013 for $779,000 (CASH) DOM 686
WITHDRAWN
244030 RES W 286 4-5-4-8-19 FS $755,000 5056 Kamamalu Loop 11,472 sqft 1,907 3/2.00
PRICE CHANGES
243818 RES A 733 4-5-3-12-33 FS $1,349,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01
253755 RES A 286 4-5-4-13-11 FS $795,000- 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The market seems to be moving along at a steady pace. Last March there were a total of 67 sales. As of today there have been 53 sales, 207 properties Island wide are currently in escrow and 28 more showing as “under contract.” If you have any questions about these properties or any other property on Kauai, please do not hesitate to send me an email. That’s why I’m here, so you get the facts before buying or selling. Please let me know if I can be of assistance.
Aloha Elaine
Another beautiful sunset.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
Soldonkauai@yahoo.com
www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
