Pali Ke Kua on sale at $625K!
Aloha,
It’s been awhile since I’ve seen a fee simple Pali Ke Kua in the $600’s, let alone the low $600’s but today unit 232 came back on the market at an unbelievable $625K! This unit started out at $869K in 12/07, dropped to $849K in 3/08 then reduced again to $799K in 4/08. It stayed there until 9/18/08 when it went from $799K to $750K and expired at that price on 12/10/08.
This seller has been essentially doing what we call “chasing the market” which is reducing after the market has already dropped. Far too many sellers do this thinking if they “try” the higher price for awhile they just might get it. What happens is that no one offers anything, and then the seller decides to reduce again, only to find themselves once again trailing the market. However, every now and again the seller jumps ahead of the market which is what their seller is doing by bringing the unit back on the market at $625K. It is, however, a short sale but it will be well worth the wait to close this unit anywhere near that price.
This is a second floor, two bedroom unit with ocean views. Here is the view from the dining area:
The most recent sale in this complex was a leasehold unit, #210 which sold for $585K in 9/08. The only fee simple sale this year was unit 227 which sold for $895K in 6/08. These are the all the PKK units on the market:
Copyright 12/19/2008 by Hawaii Information Service
MLS DATA
214167 T A 142 4-5-4-12-8-24 LH $549,000 Pali Ke Kua Ii #130 1,100 #130 2/2
204622 T A 364 4-5-4-12-8-28 FS $625,000 Pali Ke Kua Ii #232 993 #232 2/2
218823 T A 14 4-5-4-12-5-8 LH $649,000 Pali Ke Kua #108A 717 #108 1/1
214607 T A 130 4-5-4-12-9-9 FS $659,000 Pali Ke Kua #13 1,135 #13 2/2
215367 T A 108 4-5-4-12-9-17 FS $799,000 Pali Ke Kua Iii #139 993 #139 2/2
194640 T A 535 4-5-4-12-9-27 FS $805,000 Pali Ke Kua Iii #237 1,135 #237 2/2
211355 T A 217 4-5-4-12-5-5 FS $879,000 Pali Ke Kua Incr I, ii, iii #105A 717 #105A 1/1
214678 T A 86 4-5-4-12-5-31 FS $1,195,000 Pali Ke Kua Incr I, ii, iii #213B 904 #213B 2/2
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 the first unit is a leasehold property. Anyway you look at it, unit 232 for $625K is my pick for the buy of the day. Call me ASAP if you think this is the unit for you because I do not expect it to last long.
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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