Princeville condo (and house) + short sale update for the week of Jul 24th to Jul 30th

Aloha,

I’m back home after a wonderful trip in Switzerland. Last week with fairly steady, with 3 new listings, 2 new escrows and 2 sales. So far we’re ahead of the game as compared to July of 2010, which had 58 sales compared to the 59 we have as of today. Of those sales, in 2010 – 18 were condos while 22 condo sales are reported for July 2011 so far. Now on to your update:

NEW LISTINGS
247335 CND A 3 4-5-4-5-18-32 FS $214,500 Puamana #9A 1,298 #9A 2/2.00
246904 CND A 2 4-5-4-5-27-17 FS $425,000 Hale Honu #9A 1,085 #9A 3/1.01
247334 CND A 5 4-5-4-5-24-84 FS $477,500 Nihilani At Princeville Resort #28C 1,972 #28C 2/3.00

BACK ON THE MARKET
244433 CND A 111 4-5-4-5-24-71 FS $330,000 Nihilani At Princeville Resort #24B 1,406 #24B 2/2.00

CONTINGENT SALES
235813 CND C 410 4-5-3-6-22-30 FS $1,395,000 Kaiulani Of Princeville #30 2,864 #30 3/3.01
246173 CND C 47 4-5-4-15-21-47 FS $225,150 Sandpiper Village I #210 1,173 #210 2/2.01

SALES
243922 CND S 91 4-5-4-12-3-2 FS $356,500 Hanalei Bay Villas #2 1,244 #2 2/1.01
SOLD 7/29/2011 for $350,000 (CNV) DOM 91

235459 CND S 361 4-5-4-12-11-55 FS $1,488,000 Puu Poa #413 1,765 #413 2/2.00
SOLD 7/29/2011 for $1,150,000 (CNV) DOM 361

EXPIRED
242917 CND X 148 4-5-4-5-30-6 FS $199,900 Princeville Mauna Kai #F6 1,280 #F6 2/2.00

WITHDRAWN
233729 CND W 479 4-5-4-6-1-33 FS $695,000 Villas Of Kamalii #33 1,825 #33 3/3.00
228874 CND W 134 4-5-4-5-16-24 FS $820,000 Alii Kai At Hanalei #3204 1,085 #3204 2/2.00

PRICE CHANGES
245604 CND A 69 4-5-4-5-3-7 FS $189,990+ Princeville Paniolo #107 1,058 #107 1/2.00
232853 CND A 507 4-5-4-15-21-8 FS $205,000- Sandpiper Village I #108 1,042 #108 2/2.00
244433 CND A 111 4-5-4-5-24-71 FS $330,000+ Nihilani At Princeville Resort #24B 1,406 #24B 2/2.00
226280 CND A 727 4-5-4-5-23-51 FS $595,000- Plantation At Princeville #1321 1,318 #1321 3/3.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©7/31/2011

New Listings:
Puamana 9A, a bank REO priced at an attractive $214,500 last sold for $634,500 in 12/05 before being foreclosed on in 6/11. Sold “as is,” this tenant occupied unit was previously listed from 9/07 to 9/08 starting at $695K and reducing to $599K when it expired. Non short sale Hale Honu 9A is listed for $425K and last sold for $180K in 6/02. Nihilani 28C priced at $477,500 is back on the market as a Bank REO after previous listings as a short sale. This unit sold for $793,970 in 10/06.

Back on the Market:
Nihilani 24B, a short sale, is back on the market after going into escrow on 6/6. This unit sold for $677K in 12/06 and increased in price from $299K to $330K upon returning to the market. It is the 2 bedroom Moana floor plan.

Contingent:
Short sale Ka’iulani 30 which sold for $2.3M in 8/07, found a buyer while listed at $1.395M. Sandpiper 210 went quickly back into escrow listed at $225,150. It was purchased for $535K in 6/05 and came out of escrow on 7/14.

Sales:
Bank REO Hanalei Bay Villas 2 sold for $350K with a list price of $356,500. This unit originally sold for $875K in 3/07 and was foreclosed on in 2/11. Pu’u Po’a 413 sold for $1.150M with a list price of $1.488M. This unit sold for $1M in 4/09.

Expired:
Bank owned Mauna Kai F6 was unable to find a buyer while priced at $199,900 and expired after 148 market days. This unit sold for $431,650 in 11/04 and was foreclosed on in 12/10.

Withdrawn:
Villas of Kamali’i 33 was withdrawn with a list price of $695K, down from the initial list price of $859K. The sellers paid $649K in 7/04. Ali’i Kai 3204 was withdrawn while listed at $820K. The prior sales price of this unit was $365K in 8/02. It came on the market at $940K before reducing to $820K.

Price Changes:
Bank REO Paniolo 107, which last sold for $475K in 9/05 and was foreclosed on in 7/11, reduced from 199,900 to $189,990. Short sale Sandpiper 108 reduced from $215K to $205K after selling for $485K in 6/05. As noted under Back on the Market, Nihilani 24B increased in price from $299K to $330K. Plantation 1321 sold for $523,993 in 11/05 and went from $625K to $595K. Now on to your Princeville home update which surprisingly, has no new listings this week, and starts with contingent sales.

CONTINGENT SALES
235333 RES C 418 4-5-4-22-17 FS $849,000 4030 Kaikio’ewa Pl 12,229 sqft 2,382 #0 3/3.00
231973 RES C 528 4-5-4-7-12 FS $1,475,000 3912 Namakeha Loop 10,055 sqft 2,300 3/3.00

SALES
241768 RES S 190 4-5-4-16-26 FS $880,000 4979 Emmalani Dr 10,895 sqft 2,381 3/2.01
SOLD 7/29/2011 for $750,000 (CASH) DOM 190

WITHDRAWN
226733 RES W 712 4-5-4-18-10 FS $2,750,000 4184 Mahina Pl 12,200 sqft 3,927 3/3.01

PRICE CHANGES
241271 RES A 206 4-5-4-17-48 FS $499,000- 4716 Emmalani Dr 15,967 sqft 1,942 3/3.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©7/31/2011

If you have any questions or need the facts before buying or selling, that’s why I’m here. Don’t hesitate to call or email. Have a great week and enjoy the last month of the summer. We’ve had plenty of rain, but it’s still paradise.

Aloha Elaine

Gruyeres, Switzerland, where they make cheese by the same name.

The village.

The courtyard garden at the Gruyeres Castle.

Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Short Sale and Foreclosure Resource Certification
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/

……Making your real estate dreams
my business………

July 31st, 2011