Princeville condo (and house) update for the week of April 12th to 18th

Aloha,

Happy sunny blue skies to you. The last couple of days were quintessential Kaua’i days with the most magnificent blue skies, bright sunshine and balmy trades. It was so beautiful that we decided to do our daily walk on the beach and to play in the ocean as we walked along. Later in the day, I scooped up all the towels we’d used earlier and tossed them in the washer, unaware that my fanny pack with cell phone were wrapped up in the midst of the towels. So if you need me today, try email because I’ll be on my way into Lihue to get a new cell phone. Here is your update:

Copyright 4/19/2009 by Hawaii Information Service

NEW LISTINGS
223363 T A 1 4-5-4-5-4-5 FS $319,900 Kaeo Kai Ph I #5A 1,503 #5A 2/2
223270 T A 4 4-5-4-5-27-19 FS $438,000 Hale Honu #10A 1,085 #10A 3/2
222619 SH A 6 4-5-4-12-3-8 FS $465,000 Hanalei Bay Villas #8 1,244 #8 2/2.5
223314 T A 1 4-5-4-6-1-44 FS $699,900 Villas Of Kamalii #44 1,825 #44 3/3
222618 T A 6 4-5-4-12-3-8 FS $875,000 Hanalei Bay Villas #8 1,244 #8 2/2.5
223273 T A 4 4-5-4-5-7-38 FS $1,077,000 Princeville Sealodge #D9 570 #D9 1/1

CONTINGENT SALES
219389 T C 109 4-5-4-5-7-18 FS $493,000 Princeville Sealodge #B10 566 #B10 1/1

SALES
215878 T S 160 4-5-4-5-16-31 FS $949,000 Alii Kai At Hanalei #4203 1,086 #4203 2/2
SOLD 4/17/2009 for $850,000 (CASH, CNV) DOM 160

EXPIRED
216836 T X 185 4-5-3-11-1-30 FS $769,000 Villas On The Prince #30 1,767 #30 3/3
210059 T X 365 4-5-4-5-27-18 FS $350,000 Hale Honu #9B 1,085 #9B 3/2

WITHDRAWN
215773 SH W 220 4-5-4-5-27-7 FS $279,000 Hale Honu #4A 866 #4A 2/1
210504 T W 352 4-5-4-15-21-59 FS $499,900 Sandpiper Village I #222 1,173 #222 3/2.5

PRICE CHANGES
220199 T A 88 4-5-4-5-13-4 FS $328,900- Kamahana #4 1,145 #4 2/2
208790 T A 355 4-5-4-5-7-11 FS $345,000- Princeville Sealodge #B3 570 #B3 1/1
209599 T A 311 4-5-4-15-21-31 FS $350,000+ Sandpiper Village I #131 1,042 #131 2/2
222629 T A 23 4-5-4-12-10-22 FS $425,000- Emmalani Court #325 1,456 #325 2/2
204622 T A 485 4-5-4-12-8-28 FS $599,000- Pali Ke Kua Ii #232 993 #232 2/2
210873 T A 293 4-5-4-5-16-52 FS $679,000- Alii Kai At Hanalei #7101 886 #7101 2/2
218310 T A 90 4-5-4-12-5-9 FS $859,900- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
212736 T A 270 4-5-4-5-16-48 FS $946,500- Alii Kai At Hanalei #5304 1,085 #5304 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.

Our first new listing is actually an old listing, only this time it comes on the market as an REO with the possibility of $1800 in back HOA dues outstanding. Ka Eo Kai 5A was previously listed from 10/06 to 4/07, starting at $615K and reducing to $575K and from 2/08 to 4/09 during which time it went from $521K to $349K. It is now listed for $319,900 and was purchased for $200K in 8/02. Hale Honu 10A is new this week, listed at $438K with a prior purchase price of $510K in 8/05. No capital gains to worry about here. Hanalei Bay Villas 8 is new on the market either as a 6 month ownership period for $465K or whole ownership for $875K. I can’t remember when there’s ever been so many Hanalei Bay Villas on the market at one time. There are only 39 units in the entire complex. Here are all the listings. The last two are the most recent sales:

Copyright 4/19/2009 by Hawaii Information Service

MLS DATA
MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
222619 SH A 6 4-5-4-12-3-8 FS $465,000 Hanalei Bay Villas #8 1,244 #8 2/2.5
221029 T A 66 4-5-4-12-3-26 FS $799,000 Hanalei Bay Villas #26 1,244 #26 2/2.5
221505 T A 46 4-5-4-12-3-23 FS $845,000 Hanalei Bay Villas #23 1,244 #23 2/2.5
222618 T A 6 4-5-4-12-3-8 FS $875,000 Hanalei Bay Villas #8 1,244 #8 2/2.5
213212 T A 201 4-5-4-12-3-13 FS $895,000 Hanalei Bay Villas #13 1,244 #13 2/2.5
221026 T A 66 4-5-4-12-3-1 FS $899,000 Hanalei Bay Villas #1 1,244 #1 2/2.5
221028 T A 66 4-5-4-12-3-2 FS $899,000 Hanalei Bay Villas #2 1,244 #2 2/2.5
221842 T A 45 4-5-4-12-3-32 FS $899,000 Hanalei Bay Villas #32 1,248 #32 2/2
219956 T A 86 4-5-4-12-3-10 FS $925,000 Hanalei Bay Villas #10 1,244 #10 2/2.5

204295 T S 165 4-5-4-12-3-4 FS $875,000 Hanalei Bay Villas #4 1,248 #4 2/2.5
SOLD 7/14/2008 for $845,000 (CNV) DOM 165

215664 T S 39 4-5-4-12-3-9 FS $899,000 Hanalei Bay Villas #9 1,244 #9 2/2.5
SOLD 12/5/2008 for $855,000 (CASH) DOM 39

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

Villas of Kamali’i 44 is another new “old” listing. It was first listed from 12/05 to 7/06 during which time it went up and down from $950K to $924K and up to $959K, then it was listed for 21 days in 7/06 for $939K after which it was listed from 11/06 to 2/07 for $879K and finally from 5/07 to 9/08 when it went up and down ending up at $859K. It is now a bank REO listed at $699,900 with an purchase price in 5/05 of $739K. The final new listing is Sealodge D9 listed for an unbelievable $1.077M. I usually don’t express too much surprise at pricing and such but considering the Pu’u Po’a 201 just closed at $825K and that Pu’u Po’a 213 went into escrow listed at $1.099M it just seems out of the ballpark to me. Additionally, you’ll see that Ali’i Kai 4203 just closed this week at $850K with equally expansive ocean views. It will be interesting to see if and what this unit sells for. It was purchased in 2/99 for $180K.

Sealodge B10 went into escrow this week after 109 days on the market listed at $493K. This unit started out at $567K and reduced to $493K in February. It last sold for $530K in 4/05!

As mentioned in the new listings, Ali’i Kai 4203 sold for $850K which is more than Pu’u Po’a 201 sold for! Listed at $949K, this unit is one of the lucky ones to produce some capital gains, having been purchased for $605K in 4/04. Way to go!

Villas on the Prince 30 and Hale Honu 9B both expired this past week. Villas was listed for $769K and was purchased for $565K in 3/04 while Hale Honu was listed for $350K and was purchased for $355K in 4/04. Another Hale Honu, unit 4A also came off the market as withdrawn as did Sandpiper 222. Hale Honu 4A last sold for $153K in 5/02 and was listed as a 6 month share for $279K while Sandpiper 222 sold for $474,230 in 9/05 and was listed for $499,900.

Kamahana 4 is the first price reduction, going from $336,900 to $328,900. It is a bank REO which last sold for $499K in 9/05 after which it was taken over by the bank in 2/09. Sealodge B3, purchased for $95K in 12/99 reduced from $427,500 to $345K. Sandpiper 131 made a slight price increase of $5000 from $345K to $350K. In this case, I’d say every little bit hurts instead of helping. Sandpiper sold for $110K in 4/01. Emmalani Court 325 is still on the market and reduced down to $425K from $436K. You many recall that 3 Emmalani Court units came on the market at once, with 2 going almost immediately into escrow. This unit sold for $387K in 4/93. Pali Ke Kua 232 still hasn’t sold much to my surprise and again is taking a reduction from $625K to $599,000. I wonder what he magic number will be for this unit? It last sold for $650K in 9/04. Ali’i Kai 7101 reduced from $699K to $679K and last sold for $621,400 in 12/03. Doesn’t look like there will be much, if any profit when this unit finally sells. Pali Ke Kua 109 and Ali’i Kai 5304 continue to reduce by $500 a day – I guess maybe until someone buys them. Pali Ke Kua sold for $621,400 in 12/03 and Ali’i Kai sold for $135K in 1/87.

That’s your update for this week. Now on to your Princeville home update:

Copyright 4/19/2009 by Hawaii Information Service

NEW LISTINGS
223366 RS A 2 4-5-4-15-1 FS $532,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
223132 RS A 7 4-5-4-16-71 FS $799,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2
223364 RS A 2 4-5-4-20-31 FS $860,000 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3
223228 RS A 5 4-5-4-20-32 FS $950,000 5145 Kapi’olani Loop #III 9,826 sqft 1,920 3/2

BACK ON THE MARKET
206819 RS A 359 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2

WITHDRAWN
221643 SH W 44 4-5-4-17-42 FS $375,000 4824 Victoria Loop 11,429 sqft 1,281 2/2
213625 RS W 268 4-5-4-20-31 FS $879,900 5141 Kapi’olani Loop 9,669 sqft 2,262 5/3

PRICE CHANGES
213870 RS A 269 4-5-4-6-12 FS $571,000- 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2
206819 RS A 359 4-5-4-8-4 FS $735,000- 3921 Punahele Rd 11,872 sqft 1,556 3/2
222510 RS A 26 4-5-4-23-76 FS $750,000- 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5
220531 RS A 78 4-5-4-13-44 FS $980,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
206198 RS A 453 4-5-4-17-21 FS $1,149,000- 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5

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

If you have questions about these or any other properties on Kauai, please call or email for the facts. I’m off to Lihue now to get a new phone. At least I can upgrade to the latest and the greatest! Ask any tech type real estate agent — we all love the newest in technology but no — not bad enough to deliberately put my phone in the washer. It’s a costly mistake!

Aloha Elaine

Trail on the way to Hanakapiai Beach and Falls

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
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: http://blogs.alohaliving.com/princeville-condo-sales/

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

April 19th, 2009