Princeville condo (and house) + short sale update for the week of Feb 5th to Feb 11th

Aloha,

We had 64 sales in Feb 2011 and are at 20 as of today’s date. You’ll see three of those sales in this week’s update along with one new listing. Right now we have 82 active listings and 30 that are currently in escrow or under contract. With numbers like that, there’s hope we’ll start to see this market stabilize. Now on to your market update:

NEW LISTINGS
250276 CND A 1 4-5-4-5-24-61 FS $469,000 Nihilani At Princeville Resort #21A 1,874 #21A 3/2.01

CONTINGENT SALES
243074 CND C 165 4-5-3-6-22-2 FS $1,250,000 Kaiulani Of Princeville #2 2,843 #2 3/3.01
243691 CND C 326 4-5-4-12-5-11 FS $699,000 Pali Ke Kua Incr I, ii, iii #111A 717 #111A 1/1.00

SALES
248654 CND S 60 4-5-4-12-10-20 FS $369,000 Emmalani Court #323 952 #323 1/2.00
SOLD 2/10/2012 for $325,000 (CNV) DOM 60

247837 CND S 148 4-5-4-5-24-51 FS $575,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.01
SOLD 2/8/2012 for $530,000 (CASH) DOM 148

245671 CND S 182 4-5-4-5-24-22 FS $579,000 Nihilani At Princeville Resort #8A 1,874 #8A 3/2.01
SOLD 2/10/2012 for $515,000 (CNV) DOM 182

WITHDRAWN
249714 CND W 98 4-5-4-5-24-68 FS $425,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2.00

PRICE CHANGES
250122 CND A 82 4-5-4-5-39-43 FS $189,999- Cliffs At Princeville #2203 917 #2203 1/2.00
248842 CND A 53 4-5-4-6-1-36 FS $535,000- Villas Of Kamalii #36 1,825 #36 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 ©2/12/2012

New Listings:
We have one new listing this week which is Nihilani 21A, a Makani townhouse listed for $469K. This short sale sold for $778,745 from the developer in 10/06.

Contingent:
The developer’s Ka’iulani 2 went into escrow while priced at $1.25M. This unit reduced from $1.55M to $1.25M on 1/31. Ocean and Bali Hai view Pali Ke Kua 111 found a buyer after 321 days priced at $699K. This unit is not a short sale although it sold for $950K in 10/05.

Sales:
Emmalani Court 323 sold for $345K while listed for $369K. This unit was purchased for $330K in 5/09. Two Nihilani units sold this week: Nihilani 17C sold for $530K cash while listed for $575K. This unit was purchased for $640K in 8/09. Nihilani 8A sold for $515K while listed for $579K. This Makani unit was purchased from the developer for $803,302 in 3/07. Neither of these were short sales.

Withdrawn:
Short sale Nihilani 23B withdrew from the market. This unit sold from the developer in 11/06 for $685,160 and was priced at $425K.

Price Changes:
Bank owned Cliffs 2203 reduced from $199,999 to $189,999. This unit was leasehold when purchased by the prior owner in 5/02 for $130K. The fee was purchased for $66,150 in 4/04 and the unit was subsequently foreclosed on in 10/11. Villas of Kamali’i 36, which sold for $799K in 5/07, reduced from $570K to $535K. It is not a short sale. That’s it for this week. Now on to your Princeville home update:

NEW LISTINGS
251972 RES A 6 4-5-4-24-6 FS $960,000 4210 Waileia Pl 8,416 sqft 2,526 3/4.00

SALES
228327 RES S 820 4-5-4-18-5 FS $735,000 4156 Mahina Pl 12,194 sqft 1,668 3/2.00
SOLD 2/6/2012 for $650,000 (CASH) DOM 820

WITHDRAWN
243409 RES W 225 4-5-4-18-43 FS $689,000 4175 Kamalani Ln 10,499 sqft 1,748 3/2.01
240016 RES W 445 4-5-4-9-17 FS $798,888 4206 Liholiho Rd 10,407 sqft 1,668 3/2.01

PRICE CHANGES
238260 RES A 519 4-5-4-23-13 FS $399,000- 4841 Moli Pl 8,270 sqft 1,530 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©2/12/2012

If you want to know what’s happenning in your part of the market, before buying or selling, just send an email. That’s why I’m here, to make sure you have the facts before buying or selling. With interest rates at historic lows it’s a great time to buy but you need to know if you’re looking at a short sale, foreclosure or a regular sale, how long it’s been on the market and much more – before deciding to move forward with a purchase. The same is true for sellers. When you have the facts, you can make an informed decision when pricing etc.

I’ve been on the mainland for a few days but will be back on Kauai by tomorrow. Part of our trip was to visit family in Henderson NV. I’m sure if you’ve been to Las Vegas you’ll recognize the pictures below. I always love to see the dancing water at the Bellagio!

Aloha Elaine

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………

Aloha,

It’s been a great week with lots of breeching whales and sunny skies. I always consider myself lucky to actually see a whale breech when I have the binoculars up to my eyes pointed in the right direction which is what happenned this past week. I excitedly told my hubby that I saw “two breeching whales with binoculars” to which he responded, “Whales with binoculars? What were they looking at?”……

Now on to your update:

NEW LISTINGS
251877 CND A 4 4-5-3-6-22-70 FS $625,000 Kaiulani Of Princeville #70 1,738 #70 2/2.01
251982 CND A 4 4-5-4-5-17-15 FS $265,000 Alii Kai Ii Hanalei #9G 1,037 #9G 2/2.00
252005 CND A 3 4-5-4-11-3-15 FS $1,175,000 Hanalei Bay Resort #C25 1,705 #4204/5/6 3/3.00

CONTINGENT SALES
249888 CND C 88 4-5-4-5-24-58 FS $465,000 Nihilani At Princeville Resort #20A 1,874 #20A 3/2.01
251115 CND C 32 4-5-4-5-39-178 FS $495,000 Cliffs At Princeville #8204 1,864 #8204 4/4.00

SALES
244152 CND S 224 4-5-4-5-18-65 FS $369,900 Puamana #18B 1,419 #18B 3/3.00
SOLD 1/30/2012 for $320,000 (CNV) DOM 224

241617 CND S 366 4-5-4-12-11-46 FS $1,499,000 Puu Poa #404 1,752 #404 2/2.00
SOLD 1/31/2012 for $1,356,000 (CASH) DOM 366

UNDER CONTRACT
235813 CND U 474 4-5-3-6-22-30 FS $1,395,000 Kaiulani Of Princeville #30 2,864 #30 3/3.01
245671 CND U 182 4-5-4-5-24-22 FS $579,000 Nihilani At Princeville Resort #8A 1,874 #8A 3/2.01

WITHDRAWN
240854 CND W 385 4-5-3-6-22-72 FS $899,000 Kaiulani Of Princeville #72 1,892 #72 2/2.01

TEMPORARILY WITHDRAWN
244321 CND T 298 4-5-3-6-22-50 FS $1,295,000 Kaiulani Of Princeville #50 2,443 #50 3/3.01
248315 CND T 146 4-5-3-6-22-11 FS $1,450,000 Kaiulani Of Princeville #11 2,864 #11 3/3.01
250027 CND T 75 4-5-4-12-10-25 FS $349,000 Emmalani Court #413 952 #413 1/2.00

PRICE CHANGES
227553 CND A 845 4-5-3-6-22-59 FS $625,000- Kaiulani Of Princeville #59 1,892 #59 2/2.01
248319 CND A 151 4-5-3-6-22-52 FS $975,000- Kaiulani Of Princeville #52 2,479 3/3.00
243074 CND A 158 4-5-3-6-22-2 FS $1,250,000- Kaiulani Of Princeville #2 2,843 #2 3/3.01
244035 CND A 312 4-5-3-6-22-5 FS $1,465,000- Kaiulani Of Princeville #5 2,843 #5 3/3.01
245259 CND A 271 4-5-3-6-22-20 FS $2,295,000- Kaiulani Of Princeville #20 2,864 #20 3/3.01
232843 CND A 1417 4-5-4-12-11-14 FS $935,000- Puu Poa #114 2,065 #114 2/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©2/5/2012

New Listings:
The developer’s Ka’iulani 70 is back at a new low price of $625K. This townhome has been as high as $995K. It was listed from 6/05 to 12/07 during which time it went up from $825K to $995K, from 2/08 to 9/09 when it was listed for $995K, and again from 10/09 to 9/11 when it went from $995K to $845K.

FNMA foreclosure Ali’i Kai 9G is on the market listed for $265K. This unit sold for $151K in 12/99 and first came on the market in 7/05 to 1/06 with a $615K list price. It was then listed from 2/06 to 9/09 starting at $619K and reducing all the way to $380K. It came on one last time from 11/09 to 3/10 with a start price of $349K, dropping to $299K when it came off the market.

Hanalei Bay Resort 4204-5-6 returns to the market priced at $1.175M after selling for $1.064M in 4/05. This unit was previously listed from 3/06 to 8/07, starting at $1.899M and reducing to $1.799M, from 8/10 to 3/11 with a price of $1.225M and most recently from 5/11 to 12/11 when it was priced as it is now at $1.175M.

Contingent:
Short sale Nihilani 20A, priced at $465K went into escrow. This Makani unit sold for $804,075 from the developer in 9/06. Also finding a buyer is the Cliffs ocean view four bedroom unit 8204 that was extremely well priced as a foreclosure for $495K.

Sales:
Puamana 18B closed for $320K with an asking price of $369,900. This unit sold previously for $329K in 10/03 and was foreclosed on in 1/11 by the prior owner. Top floor, ocean front Pu’u Po’a 404 sold for $1.356M while listed for $1.499M. Purchased in 2/10 for $900K, this unit was completely remodeled.

Under Contract:
Short sale Ka’iulani 30 went into escrow on 10/3/11 and finally moved to under contract this week. Listed for $1.395M, this unit sold for $2.3M in 8/07. Nihilani 8A moved from contingent to under contract which means we should see it closing within the next week to 10 days. Priced at $579K, this unit sold from the developer for $803,302 in 3/07.

Withdrawn:
Ka’iulani 72 was withdrawn while listed for $899K after 385 market days. This unit was purchased from the developer for $857,270 in 4/07.

Temporarily Withdrawn:
Two of the developer’s Ka’iulani units were temporarily withdrawn: unit 50 was listed for $1.295M and unit 11 was at $1.450M. Emmalani Court 413 was temporarily withdrawn with a list price of $349K. Although not a short sale, it sold for $565K in 7/05.

Price Changes:
Three of the developer’s Ka’iulani units reduced this week: 59 went from $799K to $625K, unit 52 reduced to $975K from $1.195M and unit 2 went from $1.550M to $1.250M. Two resale Ka’iulani’s also reduced: Unit 5 sold for $1,765,990 in 4/08 and reduced from $1.575M to $1.465M while unit 20, which sold for $1,985, 180 in 11/07 went from $2.495M to $2.295M. The final reduction is short sale Pu’u Po’a 114 which went from the bank approved price of $995K to $935K. Unfortunately, this unit has been in and out of escrow several times now. The last time it came out of escrow on 1/5, there was a price increase from the prior price of $774K to a bank approved price of $995K . This unit sold for $1.4M in 3/05. Now on to your Princeville home update:

There are no new listings this week.

BACK ON THE MARKET
248967 RES A 121 4-5-4-23-35 FS $585,000 3793 Moae Pl 6,386 sqft 1,651 3/2.00

CONTINGENT SALES
245677 RES C 247 4-5-4-24-5 FS $635,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01

SALES
250327 RES S 12 4-5-4-13-82 FS $549,000 3684 Albert Rd 11,847 sqft 2,464 2/3.01
SOLD 1/30/2012 for $549,000 (Veteran’s Administration (VA)) DOM 12

249380 RES S 27 4-5-4-19-2 FS $1,495,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.01
SOLD 2/3/2012 for $1,200,000 (CASH) DOM 27

EXPIRED
242579 RES X 356 4-5-4-10-17 FS $827,000 5275 Honoiki Rd. 10,264 sqft 2,146 3/2.01

PRICE CHANGES
248967 RES A 121 4-5-4-23-35 FS $585,000- 3793 Moae Pl 6,386 sqft 1,651 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©2/5/2012

As of today, Sunday the 5th, there are 37 residential listings in the Princeville area and 84 condo listings. Last year 44 homes sold which is good news. It means we have an 10 month absorption rate with our current inventory. That is, based on sales last year, it will take slightly more than 10 months to deplete the current inventory. In the last couple of years, the absorption rate has been as high as 1.5 to 2 years or more so this is good.

As for condos, we have 84 on the market with 68 sales last year for an absorption rate of 14 to 15 months – which means it is still a strong buyer’s market in this type of property. Those are the facts based on market statistics. If you have any questions before buying or selling, please do not hesitate to send an email. That’s why I’m here. Have a great week filled with your equivalent of ocean breezes, breeching whales and soaring albatross!

Aloha Elaine

Kekaha (westside) sunset..Going

Going…

Almost gone.

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………

Aloha,

We’re starting the year out right – with a total of 63 sales for Jan 12 which is a 9% increase over the 58 sales of Jan 11. Any increase is good news! Of those 63 sales, 30 were residential, 8 land, 4 commercial and 21 condos. The Waimea zone accounted for 4 of the sales, Koloa zone saw 11, in the Lihue zone there were 12 sales, 19 in Kawaihau and Hanalei zone had 17 transactions. This month’s number is an increase compared to past Januarys – in Jan 10 there were 54 sales, Jan 09 saw 20 sales, 08 had 50 sales and only Jan 07 had more which was 68 sales.

Sales volume was down dramatically showing at 20% decline from $38M in Jan 11 to $30M for Jan 12. Residential took a 43% decrease, going from $30M in sales in Jan 11 to $18M for Jan 12. Condos were up 44 % with $7M changing hands in Jan 12 compared to $5M in Jan 11. Still, these monthly numbers are up from recent years – Jan 10 had $22M in sales volume and Jan 09 $24M. Jan 08 was a good year with $47M and was topped by Jan 07 with $55M. Of course, 06 and 05 will always be the banner years but I only go back 5 years in reporting.

Median sales price was at $402,500 for Jan 12 residential compared to $421,000 for Jan 11. Land was about the same, going from $255,000 in Jan 11 to $234,950 in Jan 12. Condos stayed the same with $270,000 as the median price for both Jan 11 and 12. Quite unusual. Keep in mind these are median prices and not average pricing.

We’re still seeing short sales and foreclosures, although short sales are far exceeding the number of REO’s. It cost the bank less time and money to process a short sale and they seem to be closing them with less stress than a couple of years ago. This may be due to the fact that more and more agents are “short sale” knowledgeable and are bringing more informed buyers and sellers to the table.

Whatever the case, there’s good buys to be had in today’s market place, if you have the time and energy to commit to finding the right property for your needs. As a buyer or seller, if short sales are your goal, please do ask your agent if they have had any specialized training in this area and / or how many short sales transactions they’ve handled. In this market, a good agent can often mean the difference between a closed transaction or a property going back on the market.

If you have any short sale or foreclosure questions, or questions about this month’s statistical report, please do not hesitate to ask. For a copy for a copy of the full report, please go to my wesbsite and click on “monthly market statistics” along the left margin.

See you the beginning of March to check the market pulse once again.

Aloha Elaine

Nothing like a westside sunset over Niihau.

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………

Aloha,

This is one of the shorter updates I’ves done lately, but it’s headed in the right direction – that is – only one new listing (we have plenty of those right now) with three going into escrow and two selling. Here is your update:

NEW LISTINGS
251871 CND A 2 4-5-4-12-3-30 FS $659,000 Hanalei Bay Villas #30 1,364 #30 3/2.01

CONTINGENT SALES
251037 CND C 18 4-5-4-12-10-11 FS $369,000 Emmalani Court #224 1,192 #224 2/2.00
226280 CND C 909 4-5-4-5-23-51 FS $595,000 Plantation At Princeville #1321 1,318 #1321 3/3.00
249841 CND C 83 4-5-4-12-5-35 FS $879,000 Pali Ke Kua Incr I, ii, iii #217C 1,127 2/2.00

SALES
251048 CND S 6 4-5-4-5-3-7 FS $134,900 Princeville Paniolo #107 1,058 #107 1/2.00
SOLD 1/26/2012 for $138,000 (CASH) DOM 6

248619 CND S 36 4-5-4-12-11-27 FS $949,000 Puu Poa #213 1,359 #213 2/2.00
SOLD 1/26/2012 for $905,000 (CNV) DOM 36

PRICE CHANGES
243730 CND A 318 4-5-3-6-22-48 FS $985,000- Kaiulani Of Princeville #48 2,479 #48 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 ©1/29/2012

New Listings:
Hanalei Bay Villas 30 is the only new listings this week with a price of $659K. This is a reduction from the prior listing during which time it was priced at $749K from 8/11 to 9/11. It sold for $530K in 8/03.

Contingent:
Emmalani Court 224, priced at $369K, went quickly into escrow with only 12 market days. This unit sold for $670K in 4/05 and is a short sale. Plantation 1321 finally found a buyer after 905 market days. It is listed for $595K and sold for $523,993 from the developer in 11/05. Bali Hai and ocean view Pali Ke Kua 217 was priced at $879K as it went into escrow this week. This is a one owner condo which was purchased as a leasehold in 2/78 for $76K and converted to fee simple for $10,600 6/81.

Sales:
Paniolo 107 sold for $138K while priced for $134,900. This foreclosure was purchased for 9/05 for $475K then taken back by the bank on 7/11. Ocean view Pu’u Po’a 213 was listed for $949K and sold for $905K. The last sale was in 5/01 for $487K.

Price Changes:
Ka’iulani 48 sold from the developer in 9/07 for $1,502,610 and reduced from $107,500 to $985K.

The data for Princeville homes is even shorter, with one sale (Mine Yay!) and two price changes. Here is your update:

SALES
247911 RES S 94 4-5-4-21-21 FS $598,000 4919 Akai Pl 9,868 sqft 1,952 3/2.01
SOLD 1/27/2012 for $540,000 (CASH) DOM 94

PRICE CHANGES
238236 RES A 521 4-5-3-11-38 FS $872,600- 4104 Aloalii Dr 8,970 sqft 2,024 3/3.00
240016 RES A 433 4-5-4-9-17 FS $798,888- 4206 Liholiho Rd 10,407 sqft 1,668 3/2.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/29/2012

That’s it for this week. There’s plenty of people on Island, judging from the amount of traffic and lack of parking spots both at the Cliff, the Princeville Center (my two main “barometers) as well as in “town.” (Lihue at Walmart etc.) Also, the weather has been outstanding and I suspect more visitors are busy enjoying the beach time. We only have 47 sales so far for Jan, compared to 58 for last Jan – we’ll see if we can catch up to that number.

As you may know, “Pele” on the Big Island is hard at work with new flow from the volcano which has prduced some beautiful sunrises and sunsets here on Island, due to the vog in the air. You’ll see one of the more gorgeous ones below.

If you have any questions about short sales, foreclosures, or “regular sales” – whether you are a buyer or seller, please do not hesitate to email with your questions. My goal is to make sure you have the facts before buying or selling. That’s why I’m here.

Aloha Elaine

THe start of a beautiful sunset.

THe end of an amazing sunset.

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………

Aloha,

It was simply gorgeous this week. The kind of weather than makes people want to buy property so they can be here year round. Bright blue skies, a few puffy clouds and a little bit of coolness to the trades. Great combo. If the weather keeps up like this, we’re sure to have a great real estate year – people won’t be able to help themselves. The whales are making their presence known, although I have yet to see the desired full on breech. They usually make me wait until later in the season for that. For now, it’s alway the spouts, along with some fluke sightings and tail slapping. Now on to your update:

NEW LISTINGS
251607 CND A 2 4-5-4-5-18-17 FS $299,000 Puamana #5A 1,214 #5A 2/2.00
251116 CND A 4 4-5-4-5-23-58 FS $399,000 Plantation At Princeville #1512 1,153 #1512 2/2.00

CONTINGENT SALES
232853 CND C 680 4-5-4-15-21-8 FS $190,000 Sandpiper Village I #108 1,042 #108 2/2.00
247837 CND C 152 4-5-4-5-24-51 FS $575,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.01

SALES
244501 CND S 248 4-5-4-12-3-33 FS $595,000 Hanalei Bay Villas #33 1,244 #33 2/2.01
SOLD 1/20/2012 for $570,000 (CASH) DOM 248

243770 CND S 161 4-5-4-12-3-29 FS $699,000 Hanalei Bay Villas #29 1,364 #29 3/2.01
SOLD 1/18/2012 for $595,000 (CNV) DOM 161

EXPIRED
229363 CND X 756 4-5-4-6-1-43 FS $735,000 Villas Of Kamalii #43 1,825 #43 3/3.00

WITHDRAWN
241987 CND W 367 4-5-3-6-22-75 FS $899,000 Kaiulani Of Princeville #75 1,892 #75 2/2.01
244519 CND W 275 4-5-4-5-24-1 FS $575,000 Nihilani At Princeville Resort #1A 10.12 ac 1,406 #1A 2/2.00

PRICE CHANGES
250122 CND A 61 4-5-4-5-39-43 FS $199,999- Cliffs At Princeville #2203 917 #2203 1/2.00
251097 CND A 20 4-5-4-5-23-45 FS $429,000- Plantation At Princeville #1211 1,153 #1211 2/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/22/2012

New Listings:
End unit, single level Puamana 5A is now on the market listed for $299K with a sale price of $325K in 1/04. It is not a short sale. Plantation 1512 is new on the market priced at $399K having soldl for $470K in 1/06. It is not a short sale.

Contingent:
Short sale Sandpiper 108 went into escrow with a list price of $190K. This unit sold for $485K in 6/05. Nihilani 17C found a buyer while listed for $575K. It sold in 8/09 for $640K.

Sales:
Hanalei Bay Villa 33 sold for $570K cash with a list price of $595K. The previous sale price was $445K in 4/02. Hanalei Bay Villa 29 also sold. It was listed for $699K and sold for $595K. It last sold for $320K in 7/00.

Expired:
Villas of Kamali’i 43 expired after 756 market days with a list price of $735K.

Withdrawn:
Ka’iulani 75 was withdrawn after 365 market days with a list price of $899K. This unit sold for $899,440 in 4/07. Nihilani 1A, which is the two bed /two bath Moana floor plan, was withdrawn after 275 market days while priced at $575K. It sold from the developer in 5/08 for $690K.

Price Changes:
Bank owned Cliffs 2203 reduced from $215K to $199,999. It was purchased as a leasehold unit in 5/02 for $130K and the fee was purchased for $66,150 for 4/04. The bank foreclosed on it in 10/11. Plantation 1211 sold for $470K in 1/06 and reduced from $458K to $429K after 15 market days.

Now on to your Princeville home update, which is pretty meager – just one house that went into escrow:

CONTINGENT SALES
244861 RES C 265 4-5-4-22-16 FS $998,000 4036 Kaikioewa Pl 12,434 sqft 3,474 4/4.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/22/2012

That’s it for activity this week. We are now at 37 sales for January compared to the 58 we had in Jan 2011. Let’s see if we can catch up in the next couple of weeks. Remember, if you want the facts before buying or selling, please send an email. Make sure you’re “in the know” before making a move.

Have a wonderful week.

Aloha Elaine

This Sandpiper is pretty well camoflauged.

He walked by while I was taking the surf pictures below.

We’re had quite a bit of high surf already!

What a beautiful color!

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………

Aloha,

I’m late with the blog this week because I had the pleasure of spending the weekend up in one of the Kokee Lodge cabins, where there is NO internet or phone service. That’s the first time I can remember in a long time that I have simply been unable to send and receive. We actually took time to enjoy a fire in the cabin stove every night, read books and hike by day. I’ll go into the Alaka’i Swamp Trail hike (and the spectacular view at the end) another time. Here is your update:

NEW LISTINGS
251364 CND A 4 4-5-4-5-18-38 FS $349,000 Puamana #11A 1,312 #11A 2/2.00
251037 CND A 6 4-5-4-12-10-11 FS $369,000 Emmalani Court #224 1,192 #224 2/2.00

CONTINGENT SALES
246392 CND C 85 4-5-3-6-22-40 FS $1,375,000 Kaiulani Of Princeville #40 2,430 #40 3/3.01
251048 CND C 13 4-5-4-5-3-7 FS $134,900 Princeville Paniolo #107 1,058 #107 1/2.00
243682 CND C 307 4-5-4-12-11-7 FS $1,099,000 Puu Poa #107 2,079 #107 2/2.00

SALES
245563 CND S 174 4-5-4-5-17-55 FS $270,000 Alii Kai Ii Hanalei #14G 1,037 #14G 2/2.00
SOLD 1/9/2012 for $285,000 (CNV) DOM 174

244433 CND S 119 4-5-4-5-24-71 FS $330,000 Nihilani At Princeville Resort #24B 1,406 #24B 2/2.00
SOLD 1/9/2012 for $330,000 (CASH) DOM 119

UNDER CONTRACT
244152 CND U 224 4-5-4-5-18-65 FS $369,900 Puamana #18B 1,419 #18B 3/3.00
248930 CND U 100 4-5-4-6-1-33 FS $525,000 Villas Of Kamalii #33 1,825 #33 3/3.00

EXPIRED
236134 CND X 192 4-5-4-6-1-54 FS $799,000 Villas Of Kamalii #54 1,767 #54 3/3.00

WITHDRAWN
250180 CND W 48 4-5-4-6-1-58 FS $583,000 Villas Of Kamalii #58 1,761 #58 3/3.00

PRICE CHANGES
243884 CND A 292 4-5-3-6-22-76 FS $650,000- Kaiulani Of Princeville #76 1,738 #76 2/2.01
236129 CND A 190 4-5-4-5-39-72 FS $349,000- Cliffs At Princeville #3204 917 #3204 1/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/17/2012

New Listings:
Puamana 11A is new on the market priced at $349K. It sold for $486,500 in 6/05 and was listed before from 10/08 to 10/09 for $499,500. Emmalani Court 224, an upstairs ocean and golf course view unit is on the market for $369K, having sold in 4/05 for $670K. It is a short sale.

Contingent:
Ka’iulani 40 sold from the developer for $1,772,090 in 2/07 and went into escrow this week priced at $1.375M. Paniolo 107 with a list price of $134,900 went into escrow within a week of coming on the market. This bank REO last sold for $475K in 9/05 and was foreclosed on in 9/11. Pu’u Po’a 107 went into escrow with a list price of $1.099M. The last sale was at $1,902,500 in 4/06. This is not a short sale.

Sales:
Bank REO Ali’i Kai 14G finally sold for over asking at $285K while listed for $270K. This unit sold for $583K in 8/05 and was taken by the bank in 5/11. Short sale Nihilani 24B was listed for the bank approved price of $330K and sold for that same amount after being purchased from the developer in 12/06 for $677K.

Under Contract:
Puamana 18B went from contingent to under contract while listed for $369,900. This unit sold in 10/03 for $329K but was taken back by the prior owner through a “deed in lieu of foreclosure” in 1/11. Villas of Kamali’i 33, a short sale, went under contract priced at $525K. It sold in 7/04 for $649K.

Expired:
Villas of Kamali’i 54 expired after 192 market days while priced at $799K. It was purchased for $607,500 in 11/03.

Withdrawn:
Villas of Kamali’i 58 was withdrawn from the market with a list price of $583K. This unit sold for $432,155 in 5/03.

Price Changes:
Ka’iulani 76 reduced to $650K from $675K after selling from the developer in 4/07 for $900,570. It does not show as a short sale. Cliffs 3204 was purchased for $380K in 1/08 and reduced from $399K to $349K. It is not a short sale.

Now on to your Princeville home update:

There are no new listings. The update starts with a property going into escrow:

CONTINGENT SALES
249380 RES C 34 4-5-4-19-2 FS $1,495,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.01

SALES
236065 RES S 493 4-5-4-9-18 FS $649,000 4196 Liholiho Rd 11,716 sqft 1,624 #0 3/2.00
SOLD 1/13/2012 for $555,000 (CASH) DOM 493

249282 RES S 64 4-5-4-8-42 FS $1,695,000 5073 Kapiolani Lp 23,160 sqft 3,693 3/3.01
SOLD 1/12/2012 for $1,525,000 (CASH) DOM 64

PRICE CHANGES
243409 RES A 200 4-5-4-18-43 FS $689,000- 4175 Kamalani Ln 10,499 sqft 1,748 3/2.01
235661 RES A 572 4-5-4-13-30 FS $2,500,000- 3559 Kaweonui Rd 11,372 sqft 1,946 #0 3/2.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/17/2012

That’s it for this week. Those short sales and foreclosures seem to be bringing out the buyers. Let’s hope it continues. We had 58 sales last January and so far we’re at 23. If you have any questions about these or any other Kauai properties, please send an email. That’s why I’m here – so you get the facts before buying or selling.

Aloha Elaine

This is a view on the way to the Swamp Trail.

View from the end of Alaka’i Swamp Trail

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………

Aloha,

Welcome to the first blog post of 2012. Judging from the number of units that went into escrow, it looks like were off to a good start. Short sales and foreclosures across the Island continue to generate interest amoung buyers while sellers are finding price reductions are the secret to success.

Some of these properties are selling for half than what they did at the height of the market and others are even more heavily discounted. I was amazed to see a house on Kapaka (Princeville Ag) that last sold last week for $1.2M cash. This house caught my attention as it’s next to one of the pastures where my horse is kept not to mention the Bali Hai, Hanalei Bay and mountain views it possesses. With 4 bedrooms, 3.5 baths and 3525 sqft. under roof sitting on 4.29 acres, this is a magnificent house – the circular driveway is lined with Royal Palms. I love it.

It last sold for $3.150M in 4/05, was foreclosed on in 8/11 and – as I said above – became someone’s happy new home for the tidy sum of $1.2M. Congratulation on a spectacular buy. Love your house.

Here’s what happenned this past week in terms of Princeville condos:

NEW LISTINGS
251048 CND A 4 4-5-4-5-3-7 FS $134,900 Princeville Paniolo #107 1,058 #107 1/2.00
251239 CND A 3 4-5-4-5-39-7 FS $235,000 Cliffs At Princeville #1107 917 #1107 1/2.00
251097 CND A 6 4-5-4-5-23-45 FS $458,000 Plantation At Princeville #1211 1,153 #1211 2/2.00
251115 CND A 4 4-5-4-5-39-178 FS $495,000 Cliffs At Princeville #8204 1,864 #8204 4/4.00

BACK ON THE MARKET
249929 CND A 55 4-5-4-5-18-66 FS $349,000 Puamana #18C 1,532 #18C 2/2.00
232843 CND A 1389 4-5-4-12-11-14 FS $995,000 Puu Poa #114 2,065 #114 2/2.00

CONTINGENT SALES
247792 CND C 118 4-5-4-5-3-4 FS $150,000 Princeville Paniolo #104 1,058 #104 1/2.00
244431 CND C 272 4-5-4-5-24-52 FS $330,000 Nihilani At Princeville Resort #18A 1,406 #18A 2/2.00
245051 CND C 248 4-5-4-12-10-27 FS $389,000 Emmalani Court #415 1,456 #415 2/2.00
249056 CND C 82 4-5-4-5-23-5 FS $399,000 Plantation At Princeville #211 1,153 #211 2/2.00
241617 CND C 370 4-5-4-12-11-46 FS $1,499,000 Puu Poa #404 1,752 #404 2/2.00

WITHDRAWN
246031 CND W 114 4-5-3-11-1-19 FS $689,999 Villas On The Prince #19 1,732 #19 3/3.00
247933 CND W 129 4-5-4-11-3-54 FS $1,350,000 Hanalei Bay Resort #J22 1,324 #J22 2/2.00

PRICE CHANGES
251239 CND A 3 4-5-4-5-39-7 FS $235,000+ Cliffs At Princeville #1107 917 #1107 1/2.00
240109 CND A 430 4-5-4-5-23-14 FS $399,000- Plantation At Princeville #412 1,153 #412 2/2.00
251097 CND A 6 4-5-4-5-23-45 FS $458,000+ Plantation At Princeville #1211 1,153 #1211 2/2.00
250180 CND A 47 4-5-4-6-1-58 FS $583,000- Villas Of Kamalii #58 1,761 #58 3/3.00
232843 CND A 1389 4-5-4-12-11-14 FS $995,000+ Puu Poa #114 2,065 #114 2/2.00
246031 CND W 114 4-5-3-11-1-19 FS $689,999- Villas On The Prince #19 1,732 #19 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 ©1/8/2012

New Listings:
Bank REO Paniolo 107 is back on the market with a new agent and a list price of $134,900. It sold for $$75K in 9/05 and was foreclosed on by the bank in 7/11. It was previously listed from 12/06 to 10/08, starting at $525K and dropping to $395K, from 3/10 to 1/11 when it was listed for $217K and reduced to $179K and finally from 5/11 to 12/11, starting at $209,900 and reducing to $134,900. Cliffs 1107 is listed for $235K after selling as a leasehold unit in 2/04 for $205K. The seller is apparently in the process of purchasing the fee with the intention of selling as a fee simple unit.

Plantation 1211 is the first new listing on the MLS for 2012 with a sale price of $470K on 1/06 and a list price of $456K. Bank owned 4 bedroom ocean view Cliffs 8204 is back on the market with a new agent and a new price of $495K. This two story condo was foreclosed on in 10/10. Prior to the foreclosure, the condo was listed for $995K to $750K from 10/09 to 6/10. After it was bank owned, the unit came on the market on 1/11 until 12/11 priced at $647K. It reduced to $599K during the life of the listing.

Back on the Market:
Puamana 18C is back on the market after going into escrow on 12/1. Priced at $349K, this unit sold in 1/04 for $315K. It’s easy to see why Pu’u Po’a 114 is back on the market after being in escrow since 12/6. This ocean view condo went into escrow as a short sale priced at $774K but came back on the market at a bank approved price of $995K. I would guess that the bank didn’t go for the price in the $700K’s. This unit sold for $1.4M in 3/05 and has been on the market over 1300 days. You will also see this property in the price change portion of the update.

Contingent:
Short sale Paniolo 104 went into escrow while priced at $150K. The last sale was in 9/03 for $240K. Short sale Nihilani 18A went quickly back into escrow at the bank approved price of $330K. It last sold for $619,100 in 8/06 from the developer. Emmalani Court 415 went into escrow while priced at $389K after selling for $610K in 5/05. This is not a short sale. Short sale Plantation 211 went into escrow priced at $399K after selling in 6/07 for $595K. Pu’u Po’a 404 found a buyer while listed for $1.499M. This unit last sold for $900K in 2/10.

Withdrawn:
Villas on the Prince 19 made an unusual price reduction, going from $698,600 to $689,999 after selling for $520K from the developer in 6/02. It was then withdrawn a couple of days later. Hanalei Bay Resort 7203-04, which last sold for $1M in 5/08, was withdrawn after 129 market days priced at $1.350M.

Price Changes:
Cliffs 1107, a new listing, also shows up under the price change portion of the weekly update, but there is no change indicated in the history. Plantation 412 which was purchased for $405K in 9/05, reduced from $420K to $399K. Plantation 1211, which is also found under ‘new listings’ made a price adjustment after coming on the market at $456K. It then increased to $458K. Villas of Kamali’i 58 reduced from $595K to $583K and last sold for $432,155 in 5/03. Pu’u Po’a 114 fell out of escrow and came back on the market at a new bank approved price of $995K up from $774K. As noted under “withdrawn” Villas on the Prince 19 reduced before being withdrawn.

Now on to your Princeville home update. Once again, I’m happy to say that my listing on Akai Place has gone from ‘contingent’ to ‘under contract’ which means all contingencies have been removed.

NEW LISTINGS
250944 RES A 6 4-5-4-14-11 FS $1,095,000 3781 Keli’i Pl 14,409 sqft 1,924 3/2.00

BACK ON THE MARKET
236140 RES A 171 4-5-4-14-26 FS $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

CONTINGENT SALES
228327 RES C 821 4-5-4-18-5 FS $735,000 4156 Mahina Pl 12,194 sqft 1,668 3/2.00

UNDER CONTRACT
247911 RES U 94 4-5-4-21-21 FS $598,000 4919 Akai Pl 9,868 sqft 1,952 3/2.01

WITHDRAWN
221726 RES W 1038 4-5-4-13-13 FS $1,395,000 3647 Kaweonui Rd 10,836 sqft 2,879 4/3.00
247095 RES W 168 4-5-4-4-52-1 FS $4,995,000 Hgfe Lot 13 Condominium #A 31,715 sqft 3,864 #A 4/3.01

PRICE CHANGES
249347 RES A 76 4-5-4-16-68 FS $959,000- 4401 Emmalani Dr 12,937 sqft 2,137 3/2.00
244861 RES A 251 4-5-4-22-16 FS $998,000- 4036 Kaikioewa Pl 12,434 sqft 3,474 4/4.00
243901 RES A 286 4-5-4-17-9 FS $1,495,000- 4881 Emmalani Dr 10,852 sqft 3,494 3/4.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/8/2012

That’s it for this week. I think I pretty much stated what I think of the market in the opening — lots of great pricing. Let me know if you like to get in on this market while the getting is good. If you need the facts before buying or selling, just send an email. That’s why I’m here.

Aloha Elaine

I thought this was a fun photo. The ship looks washed out because it’s out there in it’s own little rain storm. Nice and dry on land.

More beacutiful high surf came our way this weeki. I love it.

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………

Aloha,

Hau’ole Makahiki Hou as we say here in the Islands. The first day of the year got off to a somewhat slow start as the electricity went off around 3:30 AM and was still off at 10:30 AM when I went out for a walk. I called KIUC (electric company) because my walking partner, who lives in a condo around the corner, was up and running after experiencing a brief blackout in the early morning hours. KIUC told me the outage was just on our end of the road, only on the one side. As I walked out, I saw the KIUC truck parked, presumably with the crew hard at work somewhere in the immediate area. Electricity was finally restored an hour or so later but by then I was out of the house for the day. Now on to your update:

NEW LISTINGS
250434 CND A 4 4-5-3-6-22-68 FS $718,000 Kaiulani Of Princeville #68 1,892 #68 2/2.01
250433 CND A 4 4-5-3-6-22-10 FS $1,369,000 Kaiulani Of Princeville #10 2,864 #10 3/3.01
250964 CND A 6 4-5-4-5-39-98 FS $325,000 Cliffs At Princeville #4204 917 #4204 1/2.00

BACK ON THE MARKET
244431 CND A 265 4-5-4-5-24-52 FS $330,000 Nihilani At Princeville Resort #18A 1,406 #18A 2/2.00
236129 CND A 174 4-5-4-5-39-72 FS $399,000 Cliffs At Princeville #3204 917 #3204 1/2.00

CONTINGENT SALES
246638 CND C 164 4-5-4-15-21-40 FS $188,000 Sandpiper Village I #203 1,173 #203 2/2.01

SALES
227937 CND S 175 4-5-4-5-16-51 FS $375,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2.00
SOLD 12/30/2011 for $354,000 (CASH) DOM 175

EXPIRED
246518 CND X 180 4-5-3-6-22-77 FS $749,000 Kaiulani Of Princeville #77 1,892 #77 2/2.01
225686 CND X 0 4-5-4-5-16-57 FS $399,000 Alii Kai At Hanalei #7202 886 #7202 2/2.00
240429 CND X 177 4-5-4-5-23-61 FS $441,000 Plantation At Princeville #1611 1,153 #1611 2/2.00
245468 CND X 223 4-5-4-11-3-15 FS $1,175,000 Hanalei Bay Resort #C25 1,705 #4204/5/6 3/3.00
234176 CND X 1118 4-5-4-11-3-1 FS $1,695,000 Hanalei Bay Resort #A11 1,705 #Bamboo A11 3/3.00

PRICE CHANGES
244431 CND A 265 4-5-4-5-24-52 FS $330,000- Nihilani At Princeville Resort #18A 1,406 #18A 2/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/1/2012

New Listings:
Ka’iulani 68 is now on the market priced at $718K after selling for $898,250 in 1/08. It was previously listed for $995K from 1/10 to 11/11. Also listed at a new low price is Ka’iulani 10 for $1.369M after selling for $1,921,440 in 2/08. It was listed from 11/08 to 4/10 for $2.150M and again from 6/10 to 11/11 for $1.6M. Ocean view Cliffs 4204 is new on the market priced very attractively at $325K. This unit last sold for $387,500 in 5/04.

Back on the Market:
Short sale Nihilani 18A is back on the market with a new bank approved price of $330K down from $335K. It went into escrow on 5/18 but unfortunately did not close. This ground floor unit sold for $619,110 in 8/06. Cliffs 3204 is back on the market after expiring while priced at $399K. The last purchase price for this unit was $380K in 1/08 and first came on the market at $439K.

Contingent:
Sandpiper 203, a short sale priced at a very low $188K, went into escrow. It last sold for $370,500 in 7/04.

Sales:
Short sale Ali’i Kai 6103 sold for $354K cash while listed for $375K. It sold previously for an amazing $710K in 4/05.
Under Contract:

Expired:
Ka’iulani 77 expired while listed for $749K, having sold from the developer in 4/07 for $826,530. Aki’I Kai 7202, priced at $399K, expired although it had been taken off the market back in 5/11. It last sold for $115K IN 1/88. Plantation 1611 was purchased for $470K in 4/06 and expired with a list price of $441K. Hanalei Bay Resort 4204-5-6 expired after 223 market days while listed at $1.175M. It was purchased for $1.064M in 4/05. Also expiring at Hanalei Bay Resort is unit A11 which was listed for 1,118 days. It sold for $1.695M in 7/07 and started out at $1.895M, dropping to $1.695M during the life of the listing.

Price Changes:
As noted under “back on the market” – Nihilani 18A reduced from $335K to a bank approved price of $330K. Now on to your very brief Princeville home update:

EXPIRED
241555 RES X 182 4-5-4-15-3 FS $1,449,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.01
236140 RES X 165 4-5-4-14-26 FS $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

PRICE CHANGES
243818 RES A 286 4-5-3-12-33 FS $1,395,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/1/2012

For New Years Eve, we went into town to see the Decendants, with George Clooney, a movie I highly recommend. It was filmed on Oahu and Kauai. If you want to see some beautiful scenery, or show your friends where you live or hope to live, take them to the movie with you. The Kauai portion of the film is based primarily in Princeville and Hanalei. Don’t miss it.

I want to thank all of you that read this blog every week, check my website for the market stats each month and in general, keep in touch with me. It’s very rewarding to be able to help each and every one of you – whether buying or selling. I wish for you a healthy, loving, prosperous new year filled with wonder and surprise.

With much aloha,

Elaine

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: www.activerain.com/blogs/soldonkauai

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

Aloha,

And Mele Kalikimaka to you. I hope you are enjoying a wonderful holiday filled with lots of love, friends and family. Since it’s Christmas, I’m going to get right to the update:

NEW LISTINGS
248842 CND A 4 4-5-4-6-1-36 FS $570,000 Villas Of Kamalii #36 1,825 #36 3/3.00
250690 CND A 3 4-5-4-5-52-3 FS $3,425,000 Orchid Point #C 2,386 #C 7/7.02

WITHDRAWN
245604 CND W 213 4-5-4-5-3-7 FS $134,900 Princeville Paniolo #107 1,058 #107 1/2.00
249236 CND W 49 4-5-4-5-30-2 FS $348,000 Princeville Mauna Kai #F2 1,280 #F2 2/2.00
241849 CND W 306 4-5-4-5-39-178 FS $599,000 Cliffs At Princeville #8204 1,864 #8204 4/3.01

PRICE CHANGES
227553 CND A 803 4-5-3-6-22-59 FS $799,000- Kaiulani Of Princeville #59 1,892 #59 2/2.01
245756 CND A 201 4-5-4-5-24-37 FS $499,000- Nihilani At Princeville Resort #13A 1,874 #13A 3/2.01
248930 CND A 85 4-5-4-6-1-33 FS $525,000- Villas Of Kamalii #33 1,825 #33 3/3.00
250290 CND A 30 4-5-4-6-1-25 FS $550,000- Villas Of Kamalii #25 1,825 #25 3/3.00
245727 CND A 206 4-5-4-12-11-36 FS $975,000- Puu Poa #308 1,726 #308 2/2.00
245604 CND W 213 4-5-4-5-3-7 FS $134,900- Princeville Paniolo #107 1,058 #107 1/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/25/2011

New Listings:
Villas of Kamali’i 36 is a new listing priced at a very attractive $570K. This unit sold for $799K in 5/07 and is not a short sale. The Orchid Point condo complex on Kamehameha Road (next to Sealodge) is back on the market with a price of $3.425M for the entire oceanfront complex which consists of one 3 bed / 3 bath unit and 2 – 2 bed / 2.5 bath units. The two smaller units have been individually priced at $969K for “A” and $932K for the “B” and have been on the market for 125 days. They were previously priced at $1.495M for “A” and $1.525M for “B.” The 13,068 sqft lot where the complex was built sold for $425K in 6/00.

Withdrawn:
Mauna Kai F2 was withdrawn from the market after only 49 market days. Purchased in 1/04 for $322,500, this unit was priced only slightly higher at $348K. Bank owned Cliffs 8304, one of the few 4 bedroom units in the complex, has been withdrawn after 306 days on the market. Will this then go to auction? What does a bank do with a property they can’t sell after 300 days? Wait and see. Bank owned Paniolo 107 reduced from $139,900 to $134,900 after selling for $475K in 9/05 and being taken over by the bank on 7/11. It was withdrawn from the market a couple of days later.

Price Changes:
Ka’iulani 59 which is one of the developer’s units, reduced from $845K to $799K. Nihilani 13A, the Makani townhouse model which sold for $680,485 in 3/06, is surprisingly not a short sale even though it reduced from $520K to $499K. Short sale Villas of Kamali’i 33 that last sold for $649K in 7/04, reduced from $575K to $525K. Villas of Kamali’i 25 also made a reduction from $599K to $550K. It was purchased in 3/05 for $625K and is not a short sale. Pu’u Po’a 308 made a pretty dramatic price reduction, going from $1.350M to $975K. Looks like this seller is definitely ready to sell, after purchasing the unit for $360K in 6/03. As noted under “withdrawns,” Paniolo 107 reduced to $134,900 from $139,900 before being withdrawn. Now on to your Princeville home update:

BACK ON THE MARKET
238795 RES A 461 4-5-3-12-30 FS $995,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
248967 RES A 80 4-5-4-23-35 FS $599,900 3793 Moae Pl 6,386 sqft 1,651 3/2.00
241082 RES A 368 4-5-4-13-76 FS $1,295,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

CONTINGENT SALES
247911 RES C 101 4-5-4-21-21 FS $598,000 4919 Akai Pl 9,868 sqft 1,952 3/2.01
249282 RES C 69 4-5-4-8-42 FS $1,695,000 5073 Kapiolani Lp 23,160 sqft 3,693 3/3.01

PRICE CHANGES
241082 RES A 368 4-5-4-13-76 FS $1,295,000- 3650 Albert Rd 11,573 sqft 2,481 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/25/2011

As you can see, there’s not much to report in the way of houses although I’m happy to say that one of Santa’s elves brought me a real estate “gift” this past week in the way of a buyer for my listing on Akai Place. Thank you Santa.

If you’d like to give a real estate gift, please do not hesistate to email with your questions. That’s why I’m here, to give you the facts before you buy or sell. May you have the most wonderful Christmas ever!

Aloha Elaine

Hanalei Bay Pier

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………

Aloha,

Here we are, one week to Christmas. It’s pretty clear from the traffic jams encountered throughout the day, every day, that most people have not yet completed their preparations. Are you experiencing the same where you live? We went into Lihue from Princeville last night for a 6:30 dinner / Christmas party and ended up stuck in traffic. Really! It’s Saturday night at 6:15. Who would think you’d have a traffic jam on the weekend during non commute hours?

We’ve had little spurts of activity here and there, but overall I think most people in “holiday prep” mode. In general, in terms of visitors, the last few weeks have been pretty sparse, which is normal. When I can find a parking place at my condo complex in the evening that is by unit, I know the guest count is down. That’ll end next week for sure as everyone comes in on Friday for the holidays.

Here we are just past the midpoint and there have been 30 sales to date compared to 81 in Dec 10. Do you think we will surpass that this month? I’m guessing no but we’ll just have to wait and see. Overall, year to date we are ahead with 742 sales compared to 727 for 2010. We’re making progress, but as you can see, it’s slow going. Now on to your update:

NEW LISTINGS
250490 CND A 3 4-5-3-6-22-6 FS $1,395,000 Kaiulani Of Princeville #6 2,843 #6 3/3.01
250805 CND A 1 4-5-4-5-39-191 FS $495,000 Cliffs At Princeville #9201 963 #9201 1/2.00
250659 CND A 6 4-5-4-11-3-35 FS $899,000 Hanalei Bay Resort #H35 1,324 ##5303/4 2/2.00

CONTINGENT SALES
243770 CND C 166 4-5-4-12-3-29 FS $699,000 Hanalei Bay Villas #29 1,364 #29 3/2.01

SALES
232647 CND S 604 4-5-3-6-22-64 FS $655,000 Kaiulani Of Princeville #64 1,892 #64 2/2.01
SOLD 12/14/2011 for $590,000 (CASH) DOM 604

UNDER CONTRACT
244501 CND U 248 4-5-4-12-3-33 FS $595,000 Hanalei Bay Villas #33 1,244 #33 2/2.01

EXPIRED
236129 CND X 167 4-5-4-5-39-72 FS $399,000 Cliffs At Princeville #3204 917 #3204 1/2.00

PRICE CHANGES
248026 CND A 89 4-5-4-11-3-29 FS $699,000- Hanalei Bay Resort #H23 1,324 #H23 2/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/18/2011

New Listings:
Ka’iulani 6 is a new listing priced at a very attractive $1.395M after selling from the developer in 11/07 for $2,051,780. It is not a short sale. Ocean view Cliffs 9201 returns as a new listing with a new very attractive lower price of $495K. Purchased as a leasehold in 12/86 for $135K and converted to fee simple in 11/91 for $22,500, this unit was previously listed from 8/07 to 1/09 starting at $975K and reducing to $765K, from 3/09 to 6/10 with a start price of $685K and an ending price of $589K, once again from 8/10 to 6/11 during which time it stayed at $549K and lastly, from 7/11 to 10/11 when it was priced at $549K. Hanalei Bay Resort 5303/04 is back as a new listing priced at $899K. This unit sold for $349K in 7/00 and was previously listed from 6/10 to 6/11 for $995K.

Contingent:
Hanalei Bay Villas 6 went into escrow while priced at $699K. This completely and beautifully remodeled unit sold for $320K in 7/00.

Sales:
Ka’iulani 64K, priced at $655K which is well below the original sale price of $861,070 in 3/08, went from contingent to under contract. Within a couple of days, escrow closed with a sale price of $590K. Great price for that unit.

Under Contract:
Hanalei Bay Villas 33 went into escrow while priced at $595K. This free standing townhouse sold for $445K in 4/02 and first came on the market priced at $675K.

Expired:
Second floor Cliffs 3204 expired after 167 market days with a list price of $399K. Originally purchased in 1/08 for $380K, this unit started out priced at $439K.

Price Changes:
Hanalei Bay Resort 5207-08 was last purchased as a foreclosure in 7/10 for $483,280. This unit originally came on the market 89 days ago at $725K and reduced to $699K this week.

Now on to your Princeville home update:

NEW LISTINGS
249380 RES A 4 4-5-4-19-2 FS $1,495,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.01
250796 RES S 0 4-5-4-4-26 FS $2,300,000 5181 Hanalei Plant Rd 22,450 sqft 2,939 5/3.01
SOLD 12/16/2011 for $2,250,000 (CASH) DOM 0

BACK ON THE MARKET
235661 RES A 542 4-5-4-13-30 FS $2,900,000 3559 Kaweonui Rd 11,372 sqft 1,946 #0 3/2.01

CONTINGENT SALES
250327 RES C 19 4-5-4-13-82 FS $549,000 3684 Albert Rd 11,847 sqft 2,464 2/3.01

SALES
236922 RES S 474 4-5-4-23-70 FS $575,000 3788 Mapuana Pl 7,022 sqft 1,270 #0 3/2.00
SOLD 12/15/2011 for $525,500 (CNV) DOM 474

249371 RES S 9 4-5-4-13-74 FS $1,675,000 3651 Albert Rd 10,838 sqft 3,218 3/3.01
SOLD 12/12/2011 for $1,595,000 (CNV) DOM 9

250796 RES S 0 4-5-4-4-26 FS $2,300,000 5181 Hanalei Plant Rd 22,450 sqft 2,939 5/3.01
SOLD 12/16/2011 for $2,250,000 (CASH) DOM 0

EXPIRED
248967 RES X 75 4-5-4-23-35 FS $599,900 3793 Moae Pl 6,386 sqft 1,651 3/2.00
241241 RES X 0 4-5-4-21-27 FS $895,000 4871 Akai Pl 11,486 sqft /0.00
241082 RES X 363 4-5-4-13-76 FS $1,350,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

PRICE CHANGES
248271 RES A 103 4-5-4-21-6 FS $699,000- 3730 Albert Rd 14,367 sqft 1,985 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 ©12/18/2011

That’s it for this week. Yes, I will be reporting Christmas week – inbetween all the holiday parties and good food. Remember to take your time and enjoy this week. It’s a rush every Christmas but we all seem to get everything done in time. I’m here if you need the facts before buying or selling. Just email me. Mele Kalikimaka.

Aloha Elaine

I actually had time to go to Hanalei Bay and got this great shot of the surf.

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………