Princeville Condo overview for the week of April 29 to May 6

Compared to the number of condos on the market in Princeville, it was a relatively quiet week. Two new units came on the market, two went into escrow, three closed, one of which was a presale of a new Nihilani unit from the developer, and there were several price changes, both up and down. Here is the activity:

Copyright 5/6/2007 by Hawaii Information Service

NEW LISTINGS

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
194901 T A 6 4-5-4-5-24-85 FS $869,000 Nihilani At Princeville Resort #29A 1,874 #29A 3/2.5

194565 T A 6 4-5-4-5-16-37 FS $879,000 Alii Kai At Hanalei #5101 1,086 #5-101 2/2.0

BACK ON THE MARKET

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
188069 T A 47 4-5-4-12-10-6 FS $799,000 Emmalani Court #214 1,192 #214 2/2.0

CONTINGENT SALES

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
193039 T C 40 4-5-4-5-23-53 FS $588,000 Plantation At Princeville #1411 1,153 #1411 2/2.0

180015 T C 318 4-5-4-5-4-18 FS $695,000 Ka’eo Kai Ph I #8B 1,498 #8B 3/3.0

SALES

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
195355 T S 0 4-5-4-5-24-16 FS $750,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
SOLD 2/12/2007 for $750,000 (CNV) DOM 0

187772 T S 10 4-5-4-12-3-26 FS $890,000 Hanalei Bay Villas #26 1,248 #26 2/2.0
SOLD 5/2/2007 for $860,000 (CNV) DOM 10

190225 T S 43 4-5-4-12-10-3 FS $930,000 Emmalani Court #211 1,456 #211 2/2.0
SOLD 5/4/2007 for $900,000 (CNV) DOM 43

PRICE CHANGES

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
179543 SH A 303 4-5-4-15-21-28 FS $390,000+ Sandpiper Village I #128 1,042 #128 2/2.0

184581 T A 222 4-5-4-5-23-34 FS $679,000+ Plantation At Princeville #912 1,153 #912 2/2.0

186775 T A 170 4-5-4-5-24-58 FS $885,000+ Nihilani At Princeville Resort #20A 1,874 #20A 3/2.5

191939 T A 69 4-5-4-6-1-45 FS $954,000- Villas Of Kamalii #45 1,825 #45 3/3.0

193436 T A 36 4-5-4-12-11-1 FS $1,449,000- Puu Poa #101 1,359 #101 2/2.0

The Nihilani that just came on the market, unit 29A for $869 is a resale. Most all of the developer units were sold prior to construction although there are some units still available from the developer in the final release. Unfortunately, these units are priced close or equal to the resale units since developer’s pricing goes up with each release. When Nihilani was first released you were lucky to get in on the ground floor at pricing that was quite bit less. Right now there are 9 Nihilani units on the market starting at $630 (which is less than what the seller paid for it…) up to $929,500.

It’s great to see some movement in the condos as there are ONE HUNDRED AND THIRTY SEVEN (137!!!) condos currently offered for sale. If you have questions on any of these units or any of the condo complexes, please email your questions.

That’s enough for the real estate today. I was absolutely gorgeous with strong trades and bright blue skis. Most headed out for the beach or the pool judging from the many burned legs and arms I saw while at Foodland tonight. Have a great week and stay tuned for your next update…..

Aloha Elaine

May 6th, 2007