Price change brings a buyer for Pali Ke Kua
Aloha,
A few days ago I gave the award for the best price decrease to Pali Ke Kua 105 for a $200K reduction from $995K to $795K. It didn’t take long for one buyer to realize that this pricing is reflective of sales two years ago, and they wasted no time in putting it into escrow today. Here are what similar Pali Ke Kua units were selling for in 05 and 06:
Copyright 7/30/2007 by Hawaii Information Service
SALES:
146801 T S 39 4-5-4-12-5-2 FS $799,000 Pali Ke Kua #102A 717 1/1.0
SOLD 4/5/2005 for $795,000 (CNV) DOM 39
161771 T S 3 4-5-4-12-5-11 FS $950,000 Pali Ke Kua #111A 717 1/1.0
SOLD 10/13/2005 for $950,000 (CNV) DOM 3
143852 T S 396 4-5-4-12-5-12 FS $1,200,000 Pali Ke Kua 112A 717 1/1.0
SOLD 1/18/2006 for $1,150,000 (CNV) DOM 396
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Most price decreases are $10K and $20K at a time, as sellers creep downward with their pricing, hoping someone will stop them (and buy their unit) before they get too low. Another substantial price decrease of the recent past was a 3 bedroom Hale Honu 10B which went from $475K to $425K in one decrease, leaving it priced less than 2 bedroom units in the same complex and substantially less than sales in 05 and 06. This is the least expensive 3 bedroom unit on the North Shore! The buyer who checks this one out will not be disappointed. Call or email if you’re curious about this or any other units that have experienced price reductions lately.
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:soldonkuai@yahoo.com
website:www.kauaiforsale.com
……you can have your own piece of paradise
ask me how!
July 31st, 2007 at 4:21 pm
Hi Elaine,
What you say is absolutely true-
“It didn’t take long for one buyer to realize that this pricing is reflective of sales two years ago, and they wasted no time in putting it into escrow today”.
It’s happening in our market here on the Big Island too (see my 7-31-07 post “Vulture Buyers on the Way”). In Waikoloa Village we had a drop of $145,000 setting a new low in that market and immediately there were had 4 offers on the table.
Aloha and keep writing!
Mike Kerr
RE/MAX Pacific