Princeville condo update for the week of July 22 to 28

Aloha from Paradise. This week saw some dramatic price decreases along with some lower pricing on new listings. Here is what happenned this past week in Princeville condo sales:

Copyright 7/28/2007 by Hawaii Information Service

NEW LISTINGS

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
198740 T A 3 4-5-4-5-18-91 FS $470,000 Puamana #25B 1,532 #25B 2/2.0
199105 T A 1 4-5-4-5-18-95 FS $499,000 Puamana #26B 1,532 #26B 2/2.0
198466 T A 2 4-5-4-5-4-14 FS $667,000 Ka’eo Kai Ph I #4B 2,100 #4B 3/3.0
198742 T A 5 4-5-4-12-9-25 FS $799,000 Pali Ke Kua Iii #235 1,135 #235 2/2.0
199119 T A 0 4-5-4-12-10-11 FS $810,000 Emmalani Court #224 1,192 #224 2/2.0
198480 T A 5 4-5-4-5-24-13 FS $895,000 Nihilani At Princeville Resort #5A 1,874 #5A 3/2.5

CONTINGENT SALES

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
185461 T C 297 4-5-4-5-39-96 FS $639,000 Cliffs At Princeville #4202 917 #4202 1/2.0
194901 T C 89 4-5-4-5-24-85 FS $775,000 Nihilani At Princeville Resort #29A 1,874 #29A 3/2.5

TEMPORARILY WITHDRAWN

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
188969 T T 190 4-5-4-5-24-70 FS $795,000 Nihilani At Princeville Resort #24A 1,874 #24A 3/2.5

PRICE CHANGES

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
178630 T A 422 4-5-4-5-39-72 FS $425,000- Cliffs At Princeville #3204 917 #3204 1/2.0
196403 T A 59 4-5-4-5-18-81 FS $475,000- Puamana #22C 1,790 #22C 2/2.0
190979 T A 173 4-5-4-5-39-100 FS $629,000+ Cliffs At Princeville #4206 917 #4206 1/2.0
188592 T A 234 4-5-4-5-24-63 FS $779,000- Nihilani At Princeville Resort #21C 1,972 #21C 2/3.0
168753 T A 603 4-5-4-12-5-5 FS $795,000- Pali Ke Kua Incr I, Ii, Iii #105A 717 #105A 1/1.0
193433 T A 115 4-5-4-12-9-15 FS $825,000- Pali Ke Kua Iii #136 1,135 #136 2/2.0
195584 T A 80 4-5-4-6-1-44 FS $869,000+ Villas Of Kamalii #44 1,825 #44 3/3.0
185316 T A 295 4-5-4-12-11-5 FS $1,789,000- Puu Poa #105 2,065 #105 2/2.0

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

I already voted the price reduction of Pali Ke Kua 105 as one of the best, coming down $200K from $995K to $795K. Another Pali Ke Kua just came on the market this week, unit 235, a 2 bed / 2 bath for $799. You may have noticed that 105 is only a one bed / bath – so why do I think 105 is such a great buy?

It all comes down to that age old real estate factor of location, location and location. Unit 105, as I showed in my last post, looks directly out onto Hanalei Bay and Bali Hai whereas unit 235 sits at an angle to the ocean and only offers a slice of the view. Having a site map for a complex is critical to understanding price differences within the same complex. For starters, here’s a picture of the view from 235:

And if you’re really interested in Pali Ke Kua, you’ll want to download this site map and keep it for future reference:
pkk-map.pdf

Clearly the view from 235 is nowhere near as dramatic but if size and having two bedrooms is your major consideration, then this might be the unit for you. Just for fun, here are all the Pali Ke Kua units currently on the market. Please note that the first three are leasehold:

Copyright 7/29/2007 by Hawaii Information Service

MLS DATA
MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
174822 T A 423 4-5-4-12-9-28 LH $399,000 Pali Ke Kua #238 993 1/1.5
197847 T A 30 4-5-4-12-8-24 LH $649,000 Pali Ke Kua #130 1,100 2/1.5
192740 T A 139 4-5-4-12-5-28 LH $695,000 Pali Ke Kua #210C 1,127 2/2.0
197889 T A 20 4-5-4-12-9-3 FS $725,000 Pali Ke Kua #7 1,135 2/2.0
168753 T A 604 4-5-4-12-5-5 FS $795,000 Pali Ke Kua #105A 717 1/1.0
198742 T A 6 4-5-4-12-9-25 FS $799,000 Pali Ke Kua #235 1,135 2/2.0
193433 T A 116 4-5-4-12-9-15 FS $825,000 Pali Ke Kua #136 1,135 2/2.0
196893 T A 52 4-5-4-12-9-30 FS $899,000 Pali Ke Kua #242 1,135 2/2.0
197296 T A 41 4-5-4-12-8-5 FS $950,000 Pali Ke Kua #119 763 1/1.0
173096 T A 497 4-5-4-12-9-24 FS $995,000 Pali Ke Kua #234 1,135 2/2.0
196871 T A 40 4-5-4-12-8-20 FS $1,100,000 Pali Ke Kua #227 993 2/2.0
194640 T A 80 4-5-4-12-9-27 FS $1,100,000 Pali Ke Kua #237 1,135 2/2.0

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

If you have questions on any of this weeks activity, do not hesitate to ask. That’s why I’m here, to (try to) lend some perspective to our condo market.

Aloha,

Elaine

Elaine Schaefer (R, GRI, ABR)
Broker in Charge – Princeville Resort Office
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website:www.kauaiforsale.com

……you can have your own piece of paradise
ask me how!

July 29th, 2007