Kauai February 2015 Market Statistics

Aloha from Princeville Kauai,

February 15 posted 58 sales, which is 13% less than both the 67 sales posted for Feb 14 and Jan 15. This is the second lowest number of sales for a Feb within the last 6 years with Feb 10 having the lowest with only 40 sales.

Condominiums held steady with 22 sold in both Feb 14 and 15, while homes fell slightly from 31 sold in Feb 14 to 25 for Feb 15.

Year to date there have been 125 sales which is 16% less than the Feb 14 year to date sales of 149. Despite being less than last year at this time, it is still more than year to date Feb 13 with 111 sales, Feb 12 with 124 sales, 122 sales for Feb 11 year to date with Feb 10 year to date coming in last with only 94.

Sales volume is also down, with only $52M sold in Feb 15, while Feb 14 and Feb 13 both had $43M in sales. Feb 12 had only $37M in sales, $45M for Feb 11 with Feb 10th bringing up the rear with a mere $20M in sales.

Despite the decline in the number of sales and sales volume, year to date we are still at $89M, which is more than year to date Feb 14 with $82M, year to date Feb 13 was $76M, 2012 was $67M, year to date Feb 11 was $83M and year to date Feb 10 posted a mere $42M in sales.

The median sale price for residential for Feb 14 was $499K while Feb 15 is $730K. Keep in mind, $499K is just the midpoint of the 31 homes sold in Feb 14 and not the average; same goes for the Fed 15 midpoint of $730K. Condos stayed pretty steady posting a median for Feb 14 of $304,500 and a median of $353,600 for Feb 15. To see the full statistical report as compiled by the Hawaii Information System click here where you’ll find I post it each month on my website.

If you need the facts before buying or selling, please do not hesitate to call or email. That’s why I’m here!

Aloha Elaine

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If you are currently on Island, you know this picture was taken a couple of weeks ago. Cold and windy now! (Well, maybe not by East Coast standards!)

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Kauai January 2015 Market Statistics

Aloha from Princeville Kauai,

Jan 15 failed to meet or exceed Jan 14 sales, posting only 67 sales which is an 18% decrease from the 82 posted for Jan 14. The news isn’t quite so bad though, when you look at where the decreased sales were.

In Jan 14 there were 20 home sold compared to 33 this past Jan, so that’s good news. Condos were down slightly from 33 last Jan to 26 this Jan but land really dropped going from 28 sales to only 6 for Jan 15. So, while we did have fewer sales this past Jan, it appears the housing market is still alive and well.

Even though there were only 67 sales is it still the second highest Jan within the last 6 years. Jan 10 posted 54 sales, Jan 11 58, Jan 12 had 63 and Jan 13 posted a lowly 49.

Along with fewer sales we also had decreased sales volume, down 6% from $39M in Jan 14 to $36M this past Jan. Jan 13 posted $33M in sales, Jan 12 had $31M, Jan 11 – $38M and Jan 10 could only manage $22M in sales.

Median sales price for residential for Jan 14 was $483,750 while Jan 15 was $497K. However, the average residential sale price for Jan 14 was $728,121 while Jan 15 was slightly less at $674,889. Within the Jan 14 sales, there was one $5M sale which brought up the entire average. Without this sale the average would be $519,450. For Jan 15, most sales were under $1M with only one or two within the million dollar price range, with the high being $2,590,000. Once again, taking this property out leaves an average of $615,042 for Jan 15.

Of course, this is the Island wide average. Considering the diversity of housing, a more realistic number could be found by determining the averages within your specific area(s) of interest.

If you want to see the entire MLS Statistical report from Hawaii Information, the listing service, please click here where I post it each month. Questions? Get them answered before buying or selling. That’s why I’m here – so you get the facts!

Aloha Elaine

These little guys were perched outside my window just begging for a picture.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Kauai December 2014 Market Statistics

Aloha,

Happy New Year from Princeville Kauai! May 2015 bring you much peace, prosperity, health and happiness. 2014 Real Estate closed out the year with a downward trend, posting only 77 sales for Dec, down 9% from last Dec with 85. This is the second year there is a decrease in the number of sales as there were 94 sales in Dec 12. This of course, was a huge jump up from Dec 11 with only 49 sales. Dec 10 has 80 sales and even Dec 09, typically the lowest year, posted more sales than 2011 with 59.

The biggest drop in sales for Dec was residential which only had 35 sales compared to 42 in Dec 13. Land also saw a decrease, with 15 sales compared to 20 last Dec. Condos were up by 4, with 25 sales.

Year to date was also down by a very small margin: 999 sales in 2013 and 997 in 2014. As they say, close but….Even though the annual sales are slightly down, they are still much higher than the numbers posted for the last 6 years. Year end 2012 had 891 sales, 2011 – 782, 2010 – 719 and 2009 a mere 500. I keep wondering how we survived that year.

Sales volume is also slightly down for the month of Dec by 6%, going from $69M sold in Dec 13 to $65M in Dec 14. Dec 12 had $72M in sales while 11 had an unbelievable $20K. Even Dec 09 and 10 were higher with $53M and $67M in sales respectively.

For the year 2009, there were $340M in sales, 2010 saw $419M, 2011 $437M, 2012 $524M, 2013 had $578M while 2014 sales volume shows a hearty increase of 13% with $651M in sales. Slowly but surely….

Median sales price was up dramatically in residential for 2014, with a 92% increase, going from $454,500 in Dec 13 to $875K in Dec 2014. The annual median for residential in 2014 was up by 3% to $533K while the 2013 median was $527K. The annual residential median for 2012 was $458,750, for 2011 $455K, 2011 was $497,500 and 2009 posted $470,500.

As of today, Jan 12th we’ve had 20 sales, with our goal being to surpass the 82 sold in Jan 14. Days like today – not a cloud in the sky until afternoon, bright and sunny with a cool tinge to the wind – make for an easy sell. It was so beautiful – plus the whales are here. What’s not to like? If you’re thinking you’d like you’re own piece of paradise, please send me a text or email so we can get your search underway.

If you want to see the full MLS Statistical report, click here where I post it on my website each month.

Aloha Elaine

Today was especially beautiful – not a cloud in the sky!
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Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

KauaiRealEstateNow.com
Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for the week of Dec 28th to Jan 3rd

Aloha,

…and a very Hauoli Makahiki Hou to you and yours. 2015 made a chilling entry, with nighttime temps down in the low 60′s and high 50′s. It was 57 this morning!

I know that doesn’t seen cold to some of you, but when the only heater available is in your car, you then realize how cold it can be stepping out of the shower or getting up and dressed to go out in the cooler morning temps. In addition, we’ve had quite a bit of heavy, blowing rain which has only added to the “freezing.”

Where are my UGGS? When I first saw women wearing them on Kauai I wondered if they were just doing so as a fashion statement. Now I am thinking how warm and cozy my feet would be wrapped in a pair. All I own is a bunch of sandals, running shoes and some Sketchers, none of which are warm or waterproof. Oh yes, there are the Crocs which, while freezing, at least allow the water to flow in AND out.

Anyhow, it’s always an adventure in Paradise. I”m just glad I have my blanket!

Here is your update for the past week:

NEW LISTINGS

280091 CND A 1 4-5-4-5-18-41 FS $495,000 Puamana #12A 1,532 #12A 2/2.00
279836 CND A 5 4-5-4-12-5-2 FS $749,900 Pali Ke Kua #102A 717 #102A 1/1.00

SALES

274986 CND S 89 4-5-4-5-16-20 FS $650,000 Alii Kai #3104 1,085 #3104 2/2.00
SOLD 12/30/2014 for $610,000 (CNV) DOM 89

EXPIRED

275139 CND X 154 4-5-3-6-22-74 FS $779,000 Kaiulani #74 1,892 #74 2/2.01
272057 CND X 279 4-5-4-5-16-37 FS $639,000 Alii Kai #5101 1,086 #5101 2/2.00

WITHDRAWN

271553 CND W 303 4-5-4-12-11-37 FS $1,799,500 Puu Poa #309 1,352 #309 2/3.01

PRICE CHANGES

272612 CND A 264 4-5-4-5-18-35 FS $435,000+ Puamana #10A 1,510 #10A 2/2.00
275790 CND A 159 4-5-4-6-1-33 FS $729,900- Villas Of Kamalii #33 1,825 #33 3/3.00

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

New Listings:

Golf course view Puamana 12A is newly listed at $495K. The prior sale was in 1/13 for $371K. Ocean and Bali Hai view Pali Ke Kua 102 returns to the market priced at $749,900 which is just slightly less than the purchase price of $795K in 4/05. It was most recently listed from 11/13 to 8/14 for $997,500.

Sales:

Ocean view Ali’i Kai 3104 was purchased for $612K in 4/13 and sold for $610K while priced at $650K.

Expired:

Kaiulani 74 expired after 154 market days priced at $779K. This townhome sold from the developer for $898,250 in 4/07. Ocean view Ali’i Kai 5101 also expired while listed for $639K. The seller purchased this unit in 5/04 for $595K.

Withdrawn:

Pu’u Po’a 309 was withdrawn after 303 market days priced at $1,799,500. The purchase price was $1,730,338 in 9/05.

Price Changes:

Puamana 10A sold for $425K in 11/13, and saw a price increase this week from $425K to $435K. Villas of Kamali’i 33 is now $729,900, down from $739K. This townhome sold for $640K in 10/13.

Now on to your Princeville Kauai single family home update which had one new escrow.

NEW LISTINGS

279410 RES A 1 4-5-3-12-30 FS $1,270,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
279955 RES A 3 4-5-4-23-15 FS $699,000 4839 Moli Pl 7,486 sqft 1,291 3/2.00

BACK ON THE MARKET

268028 RES A 412 4-5-4-18-46 FS $985,000 4161 Kamalani Ln 10,249 sqft 1,708 3/2.01

CONTINGENT SALES

276659 RES C 120 4-5-4-17-14 FS $1,295,000 4825 Emmalani Dr 12,290 sqft 2,942 4/3.01

PRICE CHANGES

277118 RES A 109 4-5-4-18-54 FS $945,000- 4537 Emmalani Dr 10,603 sqft 1,632 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:

3982 Aloalii makes its first MLS appearance priced very attractively at $1.270M since selling for $960,900 in 5/12.

4839 Moli Place returns to the market priced at $699K. This home sold previously for $500K in 10/10. It was listed from 10/13 to 9/14, starting at $725K and reducing to $675K when it was withdrawn.

Back on the Market:

4161 Kamalani Lane returned to the market still priced at $985K after expiring on 12/31. This seller purchased this home in 3/99 for $260K as a bank owned property.

Contingent:

The $100K price reduction on 4825 Emmalani, which brought it to $1.295M, found this golf course home (with a pool) a buyer. The last sale was for $318K in 5/03 for land. The home was built in 05.

Price Changes:

4537 Emmalani, a golf course home, reduced to $945K from $965K. This one owner home was built in 95. The last sale was for land in 6/93 for $165K.

That’s it for our first foray into 2015. We’ll just have to wait and see what the market gods bring us! If you need help buying or selling, you know who to text or email. I’m here so you get the facts all throughout the new year!

Aloha Elaine

These beautiful scenes were all taken before the storms.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Mar 22nd to Mar 28th

Aloha from Princeville Kauai,

Still more rain, sun, cool weather, clouds, blazing hot clear blue skys – in other words – another mixed bag week. Today looks like it will be warm and sunny –

Nothing deterred the condo buyers and sellers this week as 5 new units hit the market and 2 others went into escrow. Take a look:

NEW LISTINGS

282683 CND A 1 4-5-4-15-21-7 FS $350,000 Sandpiper #107 1,042 #107 2/2.00
282893 CND A 2 4-5-4-5-4-14 FS $485,000 Mauna Kai #4B 1,498 #4B 2/2.00
282871 CND A 2 4-5-4-5-24-34 FS $560,000 Nihilani #12A 1,406 #12A 2/2.00
282772 CND A 5 4-5-4-5-23-64 FS $595,000 Plantation #1622 1,318 #1622 3/3.00
282434 CND A 4 4-5-4-5-16-49 FS $899,000 Alii Kai #6101 1,088 #6101 2/2.00

BACK ON THE MARKET

277253 CND A 138 4-5-4-5-3-5 FS $295,000 Paniolo #105 1,058 #105 1/2.00
272073 CND A 99 4-5-4-5-39-138 FS $639,000 Cliffs #5308 1,186 #5308 2/2.00

CONTINGENT SALES

275155 CND C 262 4-5-4-5-7-34 FS $449,500 Sealodge #D5 570 #D5 1/1.00
275790 CND C 243 4-5-4-6-1-33 FS $729,900 Villas Of Kamalii #33 1,825 #33 3/3.00

WITHDRAWN

275380 CND W 309 4-5-4-5-24-34 FS $575,000 Nihilani #12A 1,406 #12A 2/2.00
272183 CND W 97 4-5-4-5-39-161 FS $695,000 Cliffs #7203 1,864 #7203 4/4.00

PRICE CHANGES

279062 CND A 129 4-5-4-5-17-12 FS $382,000- Alii Kai #9D 1,020 #9D 2/2.00
280091 CND A 85 4-5-4-5-18-41 FS $485,000- Puamana #12A 1,532 #12A 2/2.00
272073 CND A 99 4-5-4-5-39-138 FS $639,000- Cliffs #5308 1,186 #5308 2/2.00
279932 CND A 92 4-5-4-5-16-23 FS $699,000- Alii Kai #3203 1,085 #3203 2/2.00

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

New Listings:

Sandpiper 107 is newly listed for $350K. The last sale was for $365K in 9/04. It was listed before from 6/07 to 12/07 for $464K and again from 1/08 to 5/10 starting at $419K and reducing to $249K when it was withdrawn.

Mauna Kai 4B came on the market with a price of $485K, having sold previously for $232K in 11/10 as a bank sale.

The Developers Nihilani 12A returned quickly to the market under a new brokerage after being withdrawn earlier in the week. It has a new lower price of $560K. This downstairs unit was listed before for $575K and previous to that, it was priced at $595K the first half of 2014.

Plantation 1622 is back on the market priced at $595K. The last sale was for $399,901 as a bank owned property in 8/12. It was previously listed from 6/13 to 10/14, starting at $579K and decreasing to $539K.

Alii Kai 6101 last sold for $192,000 in 12/00 and is now listed for $899K.

Back on the Market:

After going into escrow on 2/23, Paniolo 105 returned to the market still priced at $295K. The prior sale was for $415K in 7/05.

Cliffs 5308 is back on the market after expiring last week. It is priced at $649K and last sold as a leasehold unit in 2/04 for $347,375, converting to fee simple a few days later for $117,810.

Contingent:

Sealodge D5, with a list price of $449,500 found a buyer after 262 market days. The seller purchased this condo for $435K in 7/13. Villas of Kamalii 33 is now in escrow with a list price of $729,900. The prior sale was for $640K in 10/13.

Withdrawn:

The developer withdrew his last remaining Nihilani unit, 12A priced at $575K, after 309 market days, then re-listed with a different brokerage. Cliffs 7203, which was purchased for $440K in 5/03, was withdrawn from the market after 97 days priced at $695K. This is a 4 bedroom / 4 bath unit.

Price Changes:

Alii Kai 9D went from $389,900 to $382K. It last sold for $107K in 10/98. Puamana 12A is now $485K down from $495K. The seller purchased this townhome for $371K in 1/13.

Cliffs 5308 is priced at $639K, down from $649K. The last sale was for $347,375 in 2/04 for a leasehold property which converted to fee simple a few days later for $117,810. Alii Kai 3203 reduced from $725K to $699K. The last sale was in 7/97 for $179K.

Now on to your Princeville Kauai single family home update. If your home was on Kamehameha, it was the week for you as the only real activity of the week were two Kamahemeha homes going into escrow:

CONTINGENT SALES

270286 RES C 422 4-5-4-14-28 FS $824,000 3907 Kamehameha Rd 17,070 sqft 2,863 3/2.00
282571 RES C 11 4-5-4-14-26 FS $1,150,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

WITHDRAWN

273100 RES W 313 4-5-4-16-76 FS $748,000 4123 Kekaulike Ln 10,650 sqft 1,646 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.

Contingent:

3907 Kamehameha is now in escrow with a price of $824K. This home sold for $380K in 10/98.

Also in escrow on Kamehameha is the short sale at 3925, which quickly found a buyer while priced at $1.150M. The previous sale was for $1.585M in 7/05.

Withdrawn:

4123 Kekualike was withdrawn after 313 market days priced at $748K. The last sale was for $260K in 1/98.

There are many wonderful things to love about Kauai – One that I’d like to mention is our own Dr. Scott Sims, DVM, who cares for all the animals, big and small, not only on Kauai, but also on other Islands, getting there in the airplane he built. His new series “Aloha Vet” is simply amazing and truly depicts the varied and busy life he leads as our animal caretaker.

He is always on the go, headset firmly in his ear, usually coaching a frantic owner while doing ultra-sound or something similar on a tranquilized horse/cow/pig/dog….promising to get there as soon as possible. Most men cannot multi- task but Dr. Sims is not “most men.” For all his rushing around, he is never rushed when caring for your animal and gives each one the love and attention they deserve.

He has his own Facebook page, Scott Sims Aloha Vet as well as Twitter under AlohaVet. His show airs on NatGeo Wild – check it out. I love Dr. Sims and am so appreciative for all the times he has been at my side when “horse help” was needed.

Real Estate questions? For answers before buying or selling please text or email me!

That’s it for today. Enjoy your Paradise wherever it is.

Aloha Elaine

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This is the view into Mili Makani Park from one of my listings.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Mar 15th to Mar 21st

Aloha from Princeville Kauai!

It’s been another mixed bag week – from warm and sunny summer weather suitable for shorts and tank tops to blustery, rainy days that made it difficult not to get totally soaked when outside – plus everything in-between. I really feel sorry for the visitors at times like this, although I guess it’s still Paradise if you’re coming from mega-feet of snow, with more possibly on the way.

Saturday marked the premier of “Aloha Vet” on Nat Geo Wild which features our very own Dr. Scott Sims. Dr. Scott is nothing short of a miracle worker, not only for the quality of his work but also for his ability to produce such great work in the middle of adverse conditions.

I’ve seen him (many times) barefoot in the mud while working on my horse. Nothing stands in his way and nothing deters him from getting the job done.

He works on everyone – from birds to horses and everything in between. If you get a chance to catch is program, you’ll undoubtedly see what I mean. If you like what you saw, you can also “like” Aloha Vet on FB. By the way, he built his own airplane which is the one you see him flying in the series!

As for real estate, Condos held steady with no new escrows but 3 sales, one of which hit the market showing as sold. There was only one price reduction which is somewhat unusual, especially since the unit has only been on the market a short time. Clearly, the seller is motivated. Take a look for yourself:

NEW LISTINGS

281500 CND A 2 4-5-4-11-3-14 FS $750,000 Hanalei Bay Resort #C16 1,705 #C16 3/3.00
282726 CND S 0 4-5-4-12-3-31 FS $652,000 Hanalei Bay Villas #31 1,364 #31 2/2.00
SOLD 3/21/2015 for $652,000 (PMM) DOM 0

BACK ON THE MARKET

281630 CND A 4 4-5-4-12-8-1 LH $320,060 Pali Ke Kua #1 993 #1 1/1.01

SALES

280729 CND S 39 4-5-3-6-22-7 FS $1,399,000 Kaiulani #7 2,864 #7 3/3.01
SOLD 3/16/2015 for $1,350,000 (CASH) DOM 39

279772 CND S 43 4-5-3-6-22-19 FS $2,250,000 Kaiulani #19 2,873 #19 3/3.01
SOLD 3/17/2015 for $2,100,000 (CASH) DOM 43

282726 CND S 0 4-5-4-12-3-31 FS $652,000 Hanalei Bay Villas #31 1,364 #31 2/2.00
SOLD 3/21/2015 for $652,000 (PMM) DOM 0

EXPIRED

277133 CND X 181 4-5-3-6-22-75 FS $849,000 Kaiulani #75 1,892 #75 2/2.01
272073 CND X 93 4-5-4-5-39-138 FS $649,000 Cliffs #5308 1,186 #5308 2/2.00
279706 CND X 90 4-5-4-12-11-14 FS $1,145,000 Puu Poa #114 2,079 #114 2/2.00

WITHDRAWN

274600 CND W 211 4-5-4-5-7-21 FS $495,000 Sealodge #C1 746 #C1 2/2.00

TEMPORARILY WITHDRAWN

275792 CND T 231 4-5-4-5-16-7 FS $460,000 Alii Kai #1203 1,085 #1203 2/2.00

PRICE CHANGES

281663 CND A 23 4-5-4-5-24-61 FS $675,000- Nihilani #21A 1,874 #21A 3/2.01

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

New Listings:

Hanalei Bay Resort 4101/2/3 is now on the MLS priced at $750K. The prior sale was for $250K in 9/98. This ocean/mountain/waterfall view unit was previously listed for 5/06 to 5/07 for $1.750M and again from 4/08 to 3/09 for $1.350M.

Hanalei Bay Villas 31 came on the market showing as sold for $652K with seller financing. This one owner townhome was purchased in 10/74 for $61,400.

Back on the Market:

The auction for the bank owned leasehold Pali Ke Kua 1, priced at $320,060 is back on the market. The unit was purchased for $379K in 4/06 and foreclosed on by the bank in 1/14.

Sales:

Slowly but surely they are selling – the developer’s Kaiulani 7 sold for $1.350M cash while listed for $1.399M.

Kaiulani 19, which sold from the developer in 11/07 for $2,625,440, sold this week for $2.1M cash while listed for $2.250M.

As noted under New Listings, Hanalei Bay Villas 31 sold for $652K.

Expired:

Kailulani 75, with a price of $849K, and a prior purchase price of $899,440 from the developer in 4/07, expired after 181 market days.

Cliffs 5308, priced at $649K, expired after 93 market days. This unit sold for $347,375 in in 2/04 as a leasehold property, converting to fee simple a few days later for $117,810.

Puu Poa 114, which last sold for $870K in 9/12 as a short sale, expired while listed for $1.145M after 90 days on the market.

Withdrawn:

After 211 market days, Sealodge C1, priced at $495K was withdrawn. The last sale was for $195K in 7/99.

Temporarily Withdrawn:

Alii Kai 1203 was temporarily withdrawn while priced at $460K. This second floor unit sold in 10/80 for $136K.

Price Changes:

Nihilani 21A reduced to $675K from $689K after only 19 days on the market. The seller purchased the townhome for $450K in 6/12.

Now on to your Princeville Kauai single family home update which saw minimal activity:

NEW LISTINGS

282571 RES A 4 4-5-4-14-26 FS $1,150,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

CONTINGENT SALES

275393 RES C 248 4-5-4-8-46 FS $1,295,000 5055 Kapiolani Lp 12,526 sqft 3,072 5/3.00

PRICE CHANGES

281270 RES A 42 4-5-4-18-38 FS $895,000- 4187 Kamalani Ln 9,526 sqft 1,634 3/2.01
279628 RES A 94 4-5-4-9-35 FS $2,395,000- 4231 Kekuanaoa Ln 13,014 sqft 3,177 3/3.01

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

New Listings:

The new short sale listing at 3925 Kamehameha is priced at $1.150M since selling for $1.585M in 7/05. It came right back on the market for $2.3M the day that it closed, and was listed from 7/05 to 3/07. It relisted from 11/07 to 12/08 for $2.150M, again from 6/09 to 11/09 for $1.625M, from 11/09 to 6/10 for $1.570M, from 6/10 to 3/12 for $1.570M, and lastly from 2/13 to 5/13 for $998K at which time it was withdrawn.

Contingent:

5055 Kapiolani Loop, which last sold for $295K in 9/88 (the house was built in ’77) is now in escrow while listed for $1.295M.

Price Changes:

4178 Kamalani Lane was purchased for $845K in 11/04, and reduced to $895K from $925K. 4231 Kekuanaoa reduced to $2.395M down from $2.445M. The home sold at auction for $1.617M in 12/14.

As of today, Sunday, we have 61 sales towards the effort to meet or surpass the 87 posted in Mar 14. Think we’ll make it? If we are, things will have to pick up in the next week.

Right now, there are 38 properties “under contract” which means all contingencies have been removed – so there is hope! In addition, there are 163 contingent properties but it’s hard to say how many of these are close to closing.

That’s it for this week – Questions? You know who to ask. Get the facts before you buy or sell. Enjoy your Paradise, wherever it may be!

Aloha Elaine

IMG_445035639

Beautiful Hanalei Valley Taro Fields

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Mar 8th to Mar 14th

Aloha from Princeville, Kauai!

It’s been uncommonly cold this past week, making the distinction between visitors and locals all the more obvious. As I sat wrapped up in my jeans, long sleeve shirt and denim jacket having pizza at “Hideaways” I watched two people jump into the pool – then get back out, standing in the cool evening air (it was around 6PM) then jump back in! I got cold just watching.

Maybe it was the cooler temps that prompted the condo buyers to spring into action as the condo market was on fire this week, with five new escrows! Take a look for yourself -

NEW LISTINGS

282183 CND A 5 4-5-4-12-10-42 FS $648,000 Emmalani Court #525 1,456 #525 2/2.00

BACK ON THE MARKET

279193 CND A 109 4-5-4-5-4-1 FS $358,000 Mauna Kai #1A 1,503 #1A 2/2.00

CONTINGENT SALES

275375 CND C 241 4-5-4-5-18-70 FS $345,000 Puamana #19D 1,298 #19D 2/2.00
280776 CND C 51 4-5-4-5-3-4 FS $369,000 Paniolo #104 1,058 #104 1/2.00
279687 CND C 85 4-5-4-5-3-22 FS $429,000 Paniolo #208 1,058 #208 1/2.00
273250 CND C 292 4-5-4-5-18-59 FS $490,000 Puamana #16C 1,298 #16C 2/2.00
280924 CND C 46 4-5-4-12-10-28 FS $595,000 Emmalani Court #421 1,456 #421 2/2.00

SALES

277935 CND S 116 4-5-4-5-24-30 FS $699,000 Nihilani #10C 1,874 #10C 3/2.01
SOLD 3/10/2015 for $665,000 (CASH) DOM 116

PRICE CHANGES

268158 CND A 491 4-5-4-5-18-4 FS $340,000- Puamana #1D 1,298 #1D 2/2.00
279193 CND A 109 4-5-4-5-4-1 FS $358,000- Mauna Kai #1A 1,503 #1A 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:

Emmalani Court 525 last sold for $475K in 6/09 and is now on the market for $648K.

Back on the Market:

Mauna Kai 1A is back on the market after going into escrow on 1/20. You now have a second chance to purchase this condo for $358K. The prior sale was for $539K in 3/05.

Contingent:

Puamana 19D found a buyer after 238 days while listed for $345K. This condo was purchased for $465K in 5/05.

Paniolo’s are flying off the shelf this week with both 104, priced at $369K and 208, priced at $429K going into escrow. Paniolo 104 sold previously in 6/13 as a bank owned property for $185K while 208 was a short sale that sold in 3/14 for $223,300

Puamana 16C has been on the market 292 days, but this week it found a buyer while priced at $490K. The prior sale was for $349K in 3/02.

Emmalani Court 421 is in escrow priced at $595K. The last sale was for $660K in 6/05.

Sales:

Vacation rental Nihilani 10C sold for $665K cash. It was priced at $669K and had been purchased previously for $660K in 9/14.

Price Changes:

Puamana 1D is now priced at $340K, down from $399,999. The sellers bought this unit in 8/03 for $354K. Mauna Kai 1A lowered their price to $358K from $399K. The prior purchase was for $539K in 3/05.

Now on to your Princeville Kauai single family home update which had nowhere near the activity of the condo market:

NEW LISTINGS

281849 RES A 1 4-5-4-16-79 FS $789,500 4105 Kekaulike Ln 10,408 sqft 1,628 2/2.00

BACK ON THE MARKET

279398 RES A 92 4-5-4-16-69 FS $1,295,000 4391 Emmalani Dr 10,750 sqft 2,854 3/2.01

SALES

280793 RES S 6 4-5-4-22-16 FS $1,090,000 4036 Kaikioewa Pl 12,434 sqft 3,246 4/3.01
SOLD 3/10/2015 for $1,070,000 (CASH) DOM 6

276659 RES S 117 4-5-4-17-14 FS $1,295,000 4825 Emmalani Dr 12,290 sqft 2,942 4/3.01
SOLD 3/11/2015 for $1,250,000 (CNV) DOM 117

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:

4105 Kekualike sold for $707,500 in 6/07 and is now listed for $789,500. This single level home was listed from 3/09 to 5/09, starting at $879K and reducing to $859K, and again from 8/09 to 10/09 for $769,500.

Back on the Market:

4391 Emmalani, priced at $1.295M expired on 3/5 and is now back on the market. The prior sale was for land in 6/88 for $95K.

Sales:

4036 Kaikioewa sold very quickly, while listed for $1.090K. The sale price was $1.070M cash and the prior purchase price was for $930K in 2/12.

4825 Emmalani Drive sold for $1.250M while listed for $1.295M. It sold previously for $318K as land in 5/03.

There were no homes that were withdrawn or had a price change.

Statistically, with 41 sales as of today, Sunday, Mar 15 is well on its way to the 87 sales of last Mar. So far there have been 17 home sales (there were 46 in Mar 14) 12 land sales (compared to 15 last Mar) and 12 condo sales (compared to 22 last Mar.)

Hopefully, the Princeville Kauai single family homes will pick up and keep pace with the condos. Right now there are 36 Princeville Kauai homes on the market, ranging in price from $699K to $3.995M. There are many to choose from; each with there own unique qualities and characteristics.

There are 70 condo listing, starting at $310K and going up to $2,399,990.

If you have questions about these properties or any others on Kauai, and/or need the facts before buying or selling, you know who to ask. That’s why I’m here! Enjoy your Paradise, wherever you are.

Aloha Elaine

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Kilauea falls, always beautiful.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Mar 1st to Mar 7th

Aloha from Princeville Kauai,

This has been one cold, blustery, windy week. While I don’t expect sympathy from any of our East Coast peeps, to those of us on Kauai, it’s cold! My condo is on an ocean bluff and when I get out of my car to go up the steps, with the winds coming off of the water, I almost get blown away. Despite the less than ideal weather (although I’ve still seen visitors in the pool and out running around in tank tops and shorts) we still managed to get a few properties in escrow.

We definitely need to get March underway so we can give this year a real estate sales jump start. Here is your update:

NEW LISTINGS

282108 CND A 3 4-5-3-6-22-3 FS $1,399,000 Kaiulani #3 2,843 #3 3/3.01
282257 CND A 0 4-5-4-5-7-9 FS $310,000 Sealodge #B1 566 #B1 1/1.00
281845 CND A 4 4-5-4-12-10-7 FS $675,000 Emmalani Court #215 1,456 #215 2/2.00

BACK ON THE MARKET

275487 CND A 225 4-5-3-6-22-72 FS $859,900 Kaiulani #72 1,892 #72 2/2.01

CONTINGENT SALES

280729 CND C 44 4-5-3-6-22-7 FS $1,399,000 Kaiulani #7 2,864 #7 3/3.01
280755 CND C 31 4-5-4-12-2-23 FS $449,000 Hale Moi #203 1,033 #203 1/2.00

SALES

265963 CND S 482 4-5-3-11-1-21 FS $695,000 Villas On The Prince #21 1,737 #21 3/3.00
SOLD 3/4/2015 for $675,000 (CASH) DOM 482

277291 CND S 87 4-5-4-5-23-3 FS $620,000 Plantation #121 1,318 3/3.00
SOLD 3/5/2015 for $605,000 (CASH) DOM 87

PRICE CHANGES

277133 CND A 172 4-5-3-6-22-75 FS $849,000- Kaiulani #75 1,892 #75 2/2.01
272612 CND A 327 4-5-4-5-18-35 FS $390,000- Puamana #10A 1,510 #10A 2/2.00
281119 CND A 31 4-5-4-5-18-71 FS $424,900- Puamana #20A 1,298 #20A 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:

The developer’s Kaiulani 3 is now listed for $1.399M. This townhome has been listed 5 times before, the highest price being for $1.995M for all of 2008 with the lowest price of $1.349M appearing from 7/14 to 1/15.

Sealodge B1, which last sold for $110K in 5/00, returns to the market at $310K. This unit has been listed starting in 6/01 to 10/04 for $115K, from 4/07 to 3/08 for $649K, again from 4/08 to 2/09 for $499K and most recently from 2/14 to 2/15, starting at $340K and reducing to $325K.

Ocean and golf course view Emmalani Court sold for $560K in 2/13 and returns this week, newly listed for $675K.

Back on the Market:

Unfortunately Kaiulani 72 fell out of escrow while priced at $859,900 and is once again available. The prior sale was from the developer in 4/07 for $857,270.

Contingent:

Kaiulani 7, one of the few remaining developer’s units, is now in escrow while priced at $1.299M. Hale Moi 203 found a buyer in only 27 days while listed for $449K. The prior sale was for $133K in 2/00.

Sales:

Villas on the Prince 21 sold for $675K cash while priced at $695K. The seller purchased this unit in 1/03 for $575K.

Plantation 121 sold for $605K cash while priced for $620K. The prior sale was in 11/10 for $505K.

Price Changes:

Kaiulani 75 reduced to $849K from $875K. The last purchase was in 4/07 from the developer for $899,440. Puamana 10A made a small price reduction to $390K down from $398,900. The prior sale was for $425K in 11/13. Puamana 20A also had a price change, from $434,900 to $424,900. The seller purchased this condo for $315K in 7/10.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

282098 RES A 1 4-5-4-23-39 FS $749,000 3814 Iluna Pl 7,638 sqft 1,185 2/2.00

BACK ON THE MARKET

279410 RES A 64 4-5-3-12-30 FS $1,270,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00

CONTINGENT SALES

278317 RES C 127 4-5-4-16-85 FS $859,990 4108 Nalani Ln 11,693 sqft 2,666 2/2.01
276922 RES C 121 4-5-4-19-21 FS $925,000 5081 Napookala Cr 15,240 sqft 2,491 3/2.00

EXPIRED

279398 RES X 90 4-5-4-16-69 FS $1,295,000 4391 Emmalani Dr 10,750 sqft 2,854 3/2.01

WITHDRAWN

265720 RES W 569 4-5-3-12-13 FS $1,450,000 3981 Aloalii Dr 8,261 sqft 3,712 4/4.00

PRICE CHANGES

279781 RES A 79 4-5-4-18-20 FS $949,000- 4173 Kalani Pl 10,630 sqft 3,464 3/3.01
279628 RES A 80 4-5-4-9-35 FS $2,445,000- 4231 Kekuanaoa Ln 13,014 sqft 3,177 3/3.01
276922 RES C 121 4-5-4-19-21 FS $925,000- 5081 Napookala Cir 15,240 sqft 2,491 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:

3814 Iluna Place is newly listed for $749K since selling for $230K in 2/95. This home is a must see as it has been upgraded and renovated to include a new, larger kitchen, a huge walk in shower and dual sink vanity in the master bath and a screened in lanai. Best of all is the location which provides direct views into the 2.5 acre Mili Makani park from the kitchen and living area. The house is in immaculate condition and – yes, it is my listing…..

Back on the Market:

3982 Aloali, priced at $1.270M, made a quick trip in and out of escrow, going in on 3/2 and unfortunately, returning to active once again. If you missed your first opportunity, you now have a second chance to own this home. The prior sale was for $960,900 in 5/12.

Contingent:

4108 Nalani Lane is now in escrow while priced at $859,990. The prior sale was for land in 10/07 for $450K. Also going into escrow was 5081 Napookala which had just reduced from $975K to $925K on 3/1. The prior sale was in 6/14 for $825K.

Expired:

4391 Emmalani Drive expired after 90 days priced at $1.295M. The prior sale was for land in 6/88 for $95K.

Withdrawn:

After 569 market days, 3981 Aloalii withdrew from the market with a price of $1.450M. The prior purchase was for $1,729,050 in 7/08.

Price Changes:

4173 Kalani Place had a $50K reduction and is now $949K. The last sale was for $800K in 10/10.

4231 Kekuanaoa Lane is now $2.445M, down from $2.495M. It sold at auction in 12/14 for $1.617M.

5081 Napookala Circle, a home in the Sunset Drive Subdivision, reduced to $925K from $975K. The seller purchased this home for $825K in 6/14. They are hoping for a quick turnaround.

Statistically speaking, Feb went out with a whimper, posting only 58 sales. This is less than both Feb 14 and Jan 15 which each had 67 sales.

The number to beat for Mar 15 is 87 which is the number of sales posted for Mar 14. So far, with only one week into the month, there have been 24 sales as of today, Sunday. If we can keep that momentum, and add in just a few more here and there, we’ll meet or exceed those 87 sales.

Any questions about the market? – you know who to ask. I’m here to give you the facts before buying or selling.

Aloha Elaine

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This peaceful photo was taken several weeks ago as we turned into the taro fields up Ohiki Road to hike Okolehao Trail. Way too cold for this today!

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Feb 22nd to Feb 28th

Aloha from Princeville Kauai,

It was another relatively busy week for Princeville condos, with three new escrows, although five new units came on the market so there was no real reduction in the inventory. As of today, Sunday, there are 72 listings ranging in price from $330K for Cliffs 3304 up to $2,399,990 for Kaiulani 15.

Single family homes were not quite as active, with one home falling out of escrow and one going in, so it’s a wash. There are now 37 homes for sale, starting at $699K for 4839 Moli Place up to $3.995K for 3559 Kaweonui Road. Now on to this past week’s activity:

NEW LISTINGS

281640 CND A 4 4-5-4-5-17-32 FS $419,000 Alii Kai #11H 1,037 #11H 2/2.00
281634 CND A 2 4-5-4-5-16-3 FS $474,950 Alii Kai #1103 1,085 #1103 2/2.00
281526 CND A 5 4-5-4-5-15-7 FS $649,000 Paliuli #7 1,337 #7 2/2.00
281663 CND A 3 4-5-4-5-24-61 FS $689,000 Nihilani #21A 1,874 #21A 3/2.01
281251 CND A 1 4-5-4-6-1-35 FS $749,000 Villas Of Kamalii #35 1,800 #35 3/3.00

CONTINGENT SALES

277253 CND C 110 4-5-4-5-3-5 FS $295,000 Paniolo #105 1,058 #105 1/2.00
274629 CND C 246 4-5-4-5-3-3 FS $299,000 Paniolo #103 1,058 #103 1/2.00
274871 CND C 242 4-5-4-5-23-39 FS $598,765 Plantation #1021 1,318 #1021 3/3.00

SALES

275347 CND S 185 4-5-4-12-11-45 FS $1,750,000 Puu Poa #403 1,752 #403 2/2.00
SOLD 2/25/2015 for $1,500,000 (CASH) DOM 185

PRICE CHANGES

279687 CND A 71 4-5-4-5-3-22 FS $429,000- Paniolo #208 1,058 #208 1/2.00
280108 CND A 32 4-5-4-5-24-59 FS $579,000- Nihilani #20B 1,567 #20B 3/2.01
272183 CND A 72 4-5-4-5-39-161 FS $695,000- Cliffs #7203 1,864 #7203 4/4.00

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

New Listings:

Alii Kai 11H entered the market this week priced at $419K. This original owner unit was purchased for $78K in 4/87. Alii Kai 1103 is priced at $474,950 after selling for $270K in 1/11.

Free standing Paliuli 7 is now on the market priced at $649K since selling for $670K in 3/07. i had the opportunity to show this unit and it is the nicest Paliuli I’ve ever seen. Nihilani 21A, the three bedroom Makani townhouse style unit, is newly listed for $689K since selling as a short sale in 9/12 for $450K. Villas of Kamalii 35 is listed for $749K since selling for $665K in 5/08.

Contingent:

Paniolo 107 found a buyer while priced at $295K as did Paniolo 103 which was priced at a very attractive $299K. The beginning of February I commented that $598,765 must be the seller’s lucky numbers as they made a small reduction from $599K to that price on their Plantation 1021. Well, it worked! Plantation 1021 is now in escrow.

Sales:

Pu’u Po’a 403 was listed for $1.750M and sold for $1.5M cash. The prior sale was for $1.761M in 6/06.

Price Changes:

Pamiolo 208 reduced to $429K from $469K. It sold for $223,300 in 3/14. Nihilani 20B went from $629,900 to $579K. The last sale was from the developer for $689,290. Cliffs 7203 is now $695K down from $758K. It sold for $440K in 5/03.

Now on to your Princeville Kauai single family home update:

BACK ON THE MARKET

274096 RES A 274 4-5-3-11-32 FS $1,325,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.01

CONTINGENT SALES

280109 RES C 41 4-5-4-13-69 FS $1,024,000 3683 Albert Rd 10,454 sqft 1,896 2/2.01

SALES

279761 RES S 28 4-5-4-17-21 FS $1,150,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.01
SOLD 2/27/2015 for $1,075,000 (CNV) DOM 28

TEMPORARILY WITHDRAWN

280073 RES T 49 4-5-4-15-6 FS $649,000 3881 Albert Rd 11,515 sqft 1,272 3/2.00

PRICE CHANGES

273367 RES A 295 4-5-4-10-22 FS $1,195,000- 4078 Liholiho Rd 10,200 sqft 2,515 3/3.02

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

Back on the Market:

4066 Aloalii, priced at $1.325M, went into escrow on 1/28 but unfortunately fell out and is now available.

Contingent:

3683 Albert wasted no time finding a buyer while priced at $1.024M; going into escrow in only 41 days.

Sales:

4914 Emmalani drive was listed for $1.150M and sold for $1.075M. The seller purchased this home for $980K in 12/09.

Temporarily Withdrawn:

3881 Albert was withdrawn after 49 days listed at $649K. The prior sale was for $745K in 6/05.

Price Changes:

4078 Liholiho was priced at $1.225M but reduced this week to $1.195. The prior sale was for land for $85K in 5/97.

As of today, Sunday, we are 9 sales shy of meeting the Feb 2014 sales of 67 properties sold. There may still be a few more to report over the next day or two but I would not expect it to be enough to meet that number. Let’s hope March brings in more buyers as interest rates are remaining exceptionally low.

Questions? You know who to ask to get the facts before buying or selling. Just send me a text or email!

Aloha Elaine

IMG_445035664
If you’ve been to the North Shore, you’ve undoubtedly crossed this bridge.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
Follow me on Twitter: KauaiElaine
“Like” me on Facebook: Elaine Schaefer Realtor
Find me on LinkedIn: www.linkedin.com/in/ElaineSchaefer

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

Princeville Kauai condo / house update for Feb 15th to Feb 21st

Aloha from Princeville Kauai,

If you live in Princeville or have visited recently, then you know how bad the roads are, especially the stretch of Emmalani that fronts the PHCA Community Center to the traffic circle at the fountain. The only place worse than this is the intersection of Ka Haku and Wyllie.

Those who live down Wyllie have double jeopardy, as they not only have to negotiate the potholes and speed bumps on Ka Haku, but also have to contend with trying to turn from Ka Haku onto Wyllie which limits their abilty to avoid all of the above. Believe me, I’ve driven down that road and no matter which way you are going, turning onto or off of Wyllie is like a bad carnival ride….but I digress.

I was pleasantly shocked yesterday as I drove out of the Princeville Center past the Community Center and discovered that THE ROAD HAD BEEN REPAIRED! I no longer had to drive into the oncoming traffic lane to avoid losing a wheel in a pot hole.

The road condition has been a long standing issue between Jeff Stone and the PHCA which is why it has fallen into such disrepair. Withouth going into any history, let me just say YAY! YIPPEE! YAHOO! Thank you to whomever for fixing this portion of the road. Now if we can just get that intersection of Wyllie and Ka Haku fixed…..

As for real estate: There was a fair amount of activity this week with new listings, escrows and sales in condos and two new escrows in homes. All in all, it was a busy week, almost as if buyers woke up from a deep sleep and decided it was time to buy. No complaints here. Take a look at the activity below:

NEW LISTINGS

279508 CND A 3 4-5-3-6-22-64 FS $845,000 Kaiulani # 64 1,738 #64 2/2.01
281409 CND A 5 4-5-4-5-18-29 FS $449,000 Puamana #8B 1,298 #8B 2/2.00
281630 CND U 2 4-5-4-12-8-1 LH $320,060 Pali Ke Kua #1 993 #1 1/1.01

CONTINGENT SALES

275487 CND C 211 4-5-3-6-22-72 FS $859,900 Kaiulani #72 1,892 #72 2/2.01
277794 CND C 677 4-5-4-5-18-31 FS $330,000 Puamana #8D 1,298 #8D 2/2.00

SALES

275199 CND S 158 4-5-4-5-23-40 FS $575,000 Plantation #1022 1,318 #1022 3/3.00
SOLD 2/20/2015 for $560,000 (CNV) DOM 158

277627 CND S 67 4-5-4-6-1-44 FS $735,000 Villas Of Kamalii #44 1,825 #44 3/3.00
SOLD 2/16/2015 for $720,000 (CNV) DOM 67

UNDER CONTRACT

281630 CND U 2 4-5-4-12-8-1 LH $320,060 Pali Ke Kua #1 993 #1 1/1.01

WITHDRAWN

279274 CND W 59 4-5-4-5-27-14 FS $252,000 Hale Honu #7B 866 #7B 2/1.00

PRICE CHANGES

272612 CND A 313 4-5-4-5-18-35 FS $398,900- Puamana #10A 1,510 #10A 2/2.00
275836 CND A 206 4-5-4-5-23-6 FS $489,000- Plantation #212 1,153 #212 2/2.00
273250 CND A 270 4-5-4-5-18-59 FS $490,000- Puamana #16C 1,298 #16C 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:

Kaiulani 64 is newly listed for $845K since selling for $590K in 12/11. Puamana 8B last sold for $55K as a leasehold unit in 7/99, converting to fee simple in 8/00 for $35,700. It is now listed for $449K. Leasehold Pali Ka Kua 1 is newly listed for $320K. This bank owned unit had sold for $379K in 4/06 and was foreclosed on in 1/14.

Contingent:

Kaiulani 72, a beautifully upgraded unit, found a buyer after 208 days while priced at $859,900. The prior purchase price was $857,270 in 4/07 from the developer. Puamana 8D finally found a buyer after 672 market days while priced at $330K. The prior sale was in 8/87 for a leasehold unit for $80K, converting to fee simple in 10/00 for $35,700.

Sales:

Plantation 1022 saw a quick turn around, having last sold in 6/14 for $589K. It sold this week for $560K while listed for $575K. Villas of Kamalii 44 sold for $725K while listed for $735K. The prior sale was for $600K in 7/09.

Under Contract:

Bank owned Pali Ke Kua 1 went directly from active to under contract in a matter of days. It is a leasehold unit listed for $320,060 that is being auctioned off on line. The auction does not allow for contingencies which is why it went directly to under contract.

Withdrawn:

After 59 market days, Hale Honu 7B was withdrawn while priced at $252K. This property was in escrow as of 1/20 so I’m not sure what the situation is. The seller purchased this unit for $58,500 in 2/87.

Price Changes:

Puamana 10A went to $389,900 from $415K. The prior sale was for $425K in 11/13. Plantation 212 made a small decrease, going from $499K to $489K. The last sale was for $560K in 3/07. Puamana 16 C is now listed for $490K down from $549K. The sellers purchased this townhome for $349K in 4/02.

Now on to your Princeville Kauai single family home update:

CONTINGENT SALES

275499 RES C 219 4-5-4-16-72 FS $1,185,000 4436 Emmalani Dr 10,034 sqft 3,444 4/3.00
279027 RES C 82 4-5-4-21-14 FS $1,250,000 4882 Akai Pl 12,484 sqft 2,466 4/3.00

UNDER CONTRACT

280793 RES U 6 4-5-4-22-16 FS $1,090,000 4036 Kaikioewa Pl 12,434 sqft 3,246 4/3.01
279761 RES U 28 4-5-4-17-21 FS $1,150,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.01

WITHDRAWN

274904 RES W 231 4-5-4-15-13 FS $719,500 3841 Haulani Pl 10,409 sqft 2,016 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.

Contingent:

44436 Emmalani Drive found a buyer while listed for $1.185M. 4882 Akai Place is now in escrow priced at $1.250M.

Under Contract:

4036 Kaikioewa, which had gone quickly into escrow, is now under contract while priced at $1.090M. This home last sold for $930K in 2/12. 4914 Emmalani went into escrow on 1/15 and moved to under contract this week. It is priced at $1.150M and sold in 12/09 for $980K.

Withdrawn:

After 231 market days, 3841 Haulani Place, priced at 4719,500, was withdrawn. The seller bought this home for $775K in 2/07.

Here we are heading into the last week of February with 42 sales as of today, Sunday. Will we meet or exceed the 67 sold in Feb 14? I say, don’t hold your breath, but I’m always open to a huge surprise.

It’s a beautiful sunny and warm day today. I hope you are out enjoying good weather no matter where you are. For those on the East Coast, we are sending warm thoughts your way.

Any questions? You know who to ask to get the facts. Email or text me for help before you buy or sell.

Aloha Elaine

IMG_445035439
The overlook from the road to Hanalei is always so amazing.

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

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.trulia.com/blogs/soldonkauai
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Aloha!

Elaine

Elaine Schaefer (R)
Broker in Charge
Certified Residential Specialist
Accredited Buyer's Representative
Graduate, Realtor's Institute

Cellular:
808.639.2935
Fax:
808.440.4552
Email:
soldonkauai@gmail.com
Web:
KauaiRealEstateNow.com

RE/MAX Kauai
Princeville Resort Office
5-4280 Kuhio Hwy. Suite 203
Princeville HI 96722

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