Princeville condo update for the week of Oct 7th to Oct 13th

I’m delighted to say that this week’s update shows my Sandpiper condo finally closing for $379. Some may not think that’s a good thing, given that I started out at $479 on 4/16/07, but I prefer to look “up” from my original purchase price instead of “down” from what similar properties were selling for in 2005…..Plus I was determined to sell. I think the buyer got an excellent buy, considering that my unit had a brand new kitchen with new appliances, was completely painted and re-carpeted within the last 2 years, and came fully furnished. I have to say, I enjoyed having the unit as a rental property but it was just time to move on to other endeavors.

Here are the other Sandpiper condos currently on the market:

Copyright 10/14/2007 by Hawaii Information Service

185973 SH A 464 4-5-4-15-21-28 FS $299,000 Sandpiper Village I #128 1,042 #128 2/2.0
179543 SH A 464 4-5-4-15-21-28 FS $299,000 Sandpiper Village I #128 1,042 #128 2/2.0
198541 T A 88 4-5-4-15-21-5 FS $375,500 Sandpiper Village I #105 1,042 #105 2/2.0
196795 SH A 114 4-5-4-15-21-65 FS $390,000 Sandpiper Village I #228 1,173 #228 2/2.5
198214 T A 77 4-5-4-15-21-15 FS $429,000 Sandpiper Village I #115 1,042 #115 2/2.0
199242 T A 74 4-5-4-15-21-8 FS $440,000 Sandpiper Village I #108 1,042 #108 2/2.0
199681 T A 65 4-5-4-15-21-12 FS $449,900 Sandpiper Village I #112 1,042 #112 2/2.0
163432 T A 709 4-5-4-15-21-41 FS $460,000 Sandpiper Village I #204 1,173 #204 3/2.5
197016 T A 109 4-5-4-15-21-7 FS $464,000 Sandpiper Village I #107 1,042 #107 2/2.0
198765 T A 66 4-5-4-15-21-32 FS $484,000 Sandpiper Village I #132 1,042 #132 2/2.0
196998 T A 464 4-5-4-15-21-43 FS $499,900 Sandpiper Village I #206 1,173 #206 2/2.5
196786 T A 114 4-5-4-15-21-28 FS $535,000 Sandpiper Village I #128 1,042 #128 2/2.0
183228 T A 416 4-5-4-15-21-33 FS $559,000 Sandpiper Village I #133 1,042 #133 2/2.0
181966 T A 442 4-5-4-15-21-50 FS $575,000 Sandpiper Village I #213 1,173 #213 3/2.5
196784 T A 114 4-5-4-15-21-65 FS $1,195,000 Sandpiper Village I #228 1,173 #228 2/2.5

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

Please note that 3 of these units are shared ownership (indicated by an “SH” right after the MLS #) while the last one for $1,195,000 consists of unit 128 and 228 together.

The other property that sold was another Pali Ke Kua, unit 235 which came on the market very well priced at $799K. It was only on the market for about 3 weeks before going into escrow. Unfortunately, it fell back out several days later but found another buyer on 9/12, closing this week at $755K. Considering that unit 105, which faces out toward Hanalei Bay and Bali Hai closed on 8/31 for $795K, this one seems right in line pricewise as it sits on the other side of the complex, away from Bali Hai with partial ocean views from within the unit. Even though it’s a 2 bedroom, and 105 was only a one bedroom, the views were far superior in 105, which warranted the higher price. I’ve attached a copy of the Pali Ke Kua site map pkk-map.pdf if you want to compare the two units to get a better understanding of how the complex is laid out.

These are the fee simple Pali Ke Kua units on the market and in escrow. The last two are currently in escrow:

Copyright 10/14/2007 by Hawaii Information Service

196893 T A 129 4-5-4-12-9-30 FS $899,000 Pali Ke Kua Iii #242 1,135 #242 2/2.0
173096 T A 574 4-5-4-12-9-24 FS $950,000 Pali Ke Kua Iii #234 1,135 #234 2/2.0
196871 T A 117 4-5-4-12-8-20 FS $1,100,000 Pali Ke Kua Ii #227 993 #227 2/2.0
194640 T A 157 4-5-4-12-9-27 FS $1,100,000 Pali Ke Kua Iii #237 1,135 #237 2/2.0
197296 T C 118 4-5-4-12-8-5 FS $825,000 Pali Ke Kua Ii #119 763 #119 1/1.0
199483 T C 193 4-5-4-12-9-15 FS $825,000 Pali Ke Kua Iii #136 1,135 #136 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.

On to your update:

Copyright 10/14/2007 by Hawaii Information Service

NEW LISTINGS
199453 T A 3 4-5-4-12-10-19 FS $709,000 Emmalani Court #322 1,192 #322 2/2.0

CONTINGENT SALES

197158 T C 121 4-5-4-5-23-65 FS $629,000 Plantation At Princeville #1711 1,153 #1711 2/2.0

SALES

193146 T S 161 4-5-4-15-21-37 FS $409,000 Sandpiper Village I #137 1,042 #137 2/2.0 SOLD 9/11/2007 for $379,000 (CNV) DOM 161

198742 T S 50 4-5-4-12-9-25 FS $799,000 Pali Ke Kua Iii #235 1,135 #235 2/2.0 SOLD 10/10/2007 for $755,000 (CNV) DOM 50

EXPIRED

178630 T X 494 4-5-4-5-39-72 FS $425,000 Cliffs At Princeville #3204 917 #3204 1/2.0

WITHDRAWN

196814 T W 128 4-5-4-5-24-25 FS $657,500 Nihilani At Princeville Resort #9A 1,406 #9A 2/2.0
196762 T W 128 4-5-4-5-24-23 FS $699,200 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
196815 T W 128 4-5-4-5-24-29 FS $730,800 Nihilani At Princeville Resort #10B 1,567 #10B 2/2.5
196761 T W 128 4-5-4-5-24-1 FS $749,000 Nihilani At Princeville Resort #1A 1,406 #1A 2/2.0
195558 T W 154 4-5-4-5-24-48 FS $809,000 Nihilani At Princeville Resort #16C 1,972 #16C 3/3.0
196825 T W 128 4-5-4-5-24-44 FS $839,600 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
196828 T W 128 4-5-4-5-24-99 FS $879,400 Nihilani At Princeville Resort #33C 1,972 #33C 2/3.0
196816 T W 128 4-5-4-5-24-33 FS $919,400 Nihilani At Princeville Resort #11C 1,972 #11C 2/3.0
185316 T W 371 4-5-4-12-11-5 FS $1,789,000 Puu Poa #105 2,065 #105 2/2.0

TEMPORARILY WITHDRAWN

179830 T T 480 4-5-4-5-16-34 FS $995,000 Alii Kai At Hanalei #4302 1,086 #4302 2/2.0

PRICE CHANGES

199105 T A 79 4-5-4-5-18-95 FS $450,000- Puamana #26B 1,532 #26B 2/2.0
194971 T A 158 4-5-4-12-10-13 FS $788,000- Emmalani Court #311 1,456 #311 2/2.0
201267 T A 27 4-5-4-5-24-87 FS $849,000- Nihilani At Princeville Resort #29C 1,874 #29C 3/2.5
173096 T A 574 4-5-4-12-9-24 FS $950,000- Pali Ke Kua Iii #234 1,135 #234 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.

The eight Nihilani units that show as withdrawn are developer’s units which have not yet sold. You’ll probably see these units come back on the market shortly listed with another Real Estate company. Don’t forget, if you have any questions, I’m only an email or cell phone call away.

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.kauairealestatenow.com
blog: www.blogs.alohaliving.com/princeville-condo-sales

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

October 14th, 2007