Princeville condo (and house) update for the week of Sep 14th to 20th
Aloha,
Here’s to another beautiful week. I probably sound like a broken record but you really should be here to experience this stunning weather. It’s been a rather dry summer which seems to be continuing as we had into Fall. All too soon the winter swells will be here along with the Humpback whales. Both are a sight to behold.
Real estate wise, it’s still pretty quiet with the only real activity being new listings and reductions. Here is your update for this week:
Copyright 9/21/2008 by Hawaii Information Service
NEW LISTINGS
215664 T A 3 4-5-4-12-3-9 FS $899,000 Hanalei Bay Villas #9 1,244 #9 2/2.5
215880 T A 4 4-5-4-5-16-33 FS $919,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2
215878 T A 5 4-5-4-5-16-31 FS $949,000 Alii Kai At Hanalei #4203 1,086 #4203 2/2
215754 T A 5 4-5-4-5-39-193 FS $1,097,000 Cliffs At Princeville #9203 1,864 #9203 4/4
BACK ON THE MARKET
201267 T A 370 4-5-4-5-24-87 FS $679,000 Nihilani At Princeville Resort #29C 1,874 #29C 3/2.5
CONTINGENT SALES
211709 T C 82 4-5-4-5-18-97 FS $429,000 Puamana #26D 1,532 #26D 2/2
SALES
211307 T S 76 4-5-4-5-30-22 FS $490,000 Princeville Mauna Kai #D102 1,164 #D102 2/2
SOLD 9/18/2008 for $442,000 (CNV) DOM 76
EXPIRED
201460 T X 361 4-5-4-5-3-25 FS $485,000 Princeville Paniolo #213 1,058 #213 1/2
211294 T X 123 4-5-4-5-18-34 FS $487,950 Puamana #9C 1,532 #9C 2/2
209061 T X 181 4-5-4-12-2-6 FS $524,000 Hale Moi #106 1,033 #106 2/2
201318 T X 363 4-5-4-5-18-32 FS $599,000 Puamana #9A 1,532 #9A 2/2
195584 T X 496 4-5-4-6-1-44 FS $859,000 Villas Of Kamalii #44 1,825 #44 3/3
WITHDRAWN
151410 T W -16 4-5-3-6-22-57 FS $995,000 Kaiulani Of Princeville #57 1,901 #57 2/2.5
152095 T W -71 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,430 #51 3/3.5
198438 T W 427 4-5-4-12-2-31 FS $540,000 Hale Moi #211 1,033 #211 1/2
213369 T W 74 4-5-4-5-24-94 FS $739,900 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5
TEMPORARILY WITHDRAWN
208656 T T 182 4-5-4-5-39-7 LH $475,000 Cliffs At Princeville #1107 917 #1107 1/2
PRICE CHANGES
201428 T A 367 4-5-4-5-3-16 FS $469,000- Princeville Paniolo #116 1,058 #116 1/2
206915 T A 337 4-5-4-12-10-29 FS $575,000- Emmalani Court #422 1,192 #422 2/2
210999 T A 136 4-5-4-12-10-42 FS $575,000- Emmalani Court #525 1,456 #525 2/2
204435 T A 291 4-5-4-12-10-41 FS $576,000- Emmalani Court #524 1,192 #524 2/2
214607 T A 41 4-5-4-12-9-9 FS $679,000- Pali Ke Kua #13 1,135 #13 2/2
204622 T A 283 4-5-4-12-8-28 FS $750,000- Pali Ke Kua Ii #232 993 #232 2/2
206852 T A 184 4-5-4-6-1-29 FS $855,000- Villas Of Kamalii #29 1,825 #29 3/3
151410 T W -16 4-5-3-6-22-57 FS $995,000+ Kaiulani Of Princeville #57 1,901 #57 2/2.5
152095 T W -71 4-5-3-6-22-51 FS $1,749,000+ Kaiulani Of Princeville #51 2,430 #51 3/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Hanalei Bay Villas #9 is new on the market, with the last sale occurring in 6/02 for $405K. It is now listed for $899K. Alii Kai 4301, purchased as recently as 6/06 for $1,157,500 is also new on the market listed at only $919K. Another Ali’i Kai makes it debut this week, unit 4203 listed at $949K. This unit has a bit more equity, having sold in 4/04 for $605K. Cliffs 9203 returns to the market at $1.097M having been previously listed from 2/06 to 9/06 starting at $1.295M and decreasing to $1.195M during the life of the listing. It sold in 10/03 for $625K. This is one of the few 4 bedrooms Cliff’s units.
Nihilani 29C is back on the market after expiring, listed for $679K. This unit sold from the developers in 7/06 for $747,320. It will show this coming week as reducing to $649K! (If only I had waited until now to buy my Nihilani….)
Puamana 26D went into escrow listed at $429K. This unit was previously listed from7/06 to 9/06, starting at $538K and reducing to $530K before it was withdrawn from the market. It sold in 10/04 for $401K. No money to be made on this transaction.
Mauna Kai D102, purchased in 11/77 for $59,500, and listed for $490K sold for $442K. This is the way people used to make money in real estate; by holding their property for extended periods of time. Nice to see someone making a profit!
Many, many units expired this week: Paniolo 213 priced at $485K (purchased in 6/05 for $455K) Puamana 9C listed for $487,950 (purchased in 1/07 for $705K), Hale Moi 106 listed at $524K (purchased in 1/03 for $400K) Puamana 9A listed for $599K (purchased in 12/05 for $634,500) and Villas of Kamali’i #44 listed for $859K (purchased for $739K in 5/05.) None of these, with the possible exception of Hale Moi, had much room for bargaining. We can only hope if these units come back on the market they do so at a new reduced priced since all except Puamana 9C had substantial market time. That’s what I call a clue – if your unit doesn’t sell at your selected price after an extended period of time, either take it off the market until the market rebounds or reduce, reduce, reduce – if you ever hope to sell.
Several units were withdrawn this past week: Ka’iulani 57 and 51 which are both developer’s units; Hale Moi 211 listed for $540K and purchased for $128K in 7/99 and Nihilani 32A, listed for $739,900 and purchased for $985K in 3/06. Cliffs 1107 listed at $475K and purchased in 2/04 for $205K was temporarily withdrawn.
Price changes dominate the update this week with 7 reductions and 2 optimistic price increases. Paniolo 116, purchased in 6/05 for $455K reduced from $495K to $469K. Emmalani Court 422 went from $635K to $575K, Emmalani Court 535 went from $625K to $575K and Emmalani Court 524 went from $599K to $576. 422 sold for $705K in 1/07, 525 sold for $400K in 1/03 while 524 sold for $700K for 7/07.
Pali Ke Kua 13 and 232 both reduced this week: 13 reduced from $699K to $679K and sold for $121K in 8/96 while 232 went from $799K to $750K and sold for $650K in 9/04. Villas of Kamali’i which sold for $750K in 6/05 reduced this week from $899,950 to $855K.
Our two price increases come from the Ka’iulani developer who increased both units 57 and 51 from $875K to $995K and from $1.650M to $1.749K respectively. These units also show up under the withdrawn section of this report. It appears that they were under contract and fell out of escrow. Perhaps they were withdrawn then put back active at the new higher price.
As for Princeville homes, here is your update:
Copyright 9/21/2008 by Hawaii Information Service
CONTINGENT SALES
215902 RS C 381 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2
205193 RS C 270 4-5-4-14-31 FS $1,075,000 3885 Kamehameha Rd 12,127 sqft 2,372 4/3
UNDER CONTRACT
208005 RS U 159 4-5-4-13-54 FS $839,000 3646 Keoniana Rd 11,539 sqft 1,578 3/2
EXPIRED
200685 RS X 375 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,732 3/2.25
208903 RS X 182 4-5-4-9-49 FS $2,995,000 5289 Pokii Ln 20,868 sqft 3,510 4/4
WITHDRAWN
209886 RS W 147 4-5-4-16-5 FS $1,995,000 4076 KEKAULIKE LN 9,947 sqft 3,429 3/4
PRICE CHANGES
211335 RS A 129 4-5-4-17-28 FS $830,000- 4812 Emmalani Dr 10,817 sqft 2,444 4/3
206045 RS A 208 4-5-4-21-18 FS $998,000- 4922 Akai Pl 10,879 sqft 3,064 4/3.5
214432 RS A 46 4-5-4-21-5 FS $1,149,000- 3722 Albert Rd 13,401 sqft 2,218 3/2
206177 RS A 243 4-5-4-9-55 FS $1,250,000- 5331 Honoiki Rd 10,689 sqft 2,554 3/3
210416 RS A 110 4-5-4-21-11 FS $1,275,000- 3856 Kaweonui Rd 10,796 sqft 2,442 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Remember, if you are buying or selling, email or call first for the facts. Until next week,
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!
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