Elaine Schaefer (R, BIC, CRS, GRI, ABR, SFR)'s Blog

Princeville Kauai condo (and house) + short sale update for the week of Jun 9th to Jun 15th

Sun, 16 Jun 2013 12:25:57 -0700

Aloha,

Happy Father’s Day to all the dads out there. Enjoy your special day. Things were a little quieter this past week with only one new condo listing and one new escrow. It was also on the lean side for residential with two new listings and one escrow, but hey, one is definitely better than none. Interest rates are on the way up, so if you’re a buyer looking to finance, you may want to check with your lenders. Here’s what happened this week just past:

NEW LISTINGS

264263 CND A 5 4-5-4-12-11-6 FS $1,180,000 Puu Poa #106 2,079 #106 2/2.00

CONTINGENT SALES

240671 CND C 929 4-5-4-12-11-2 FS $995,000 Puu Poa #102 1,352 #102 2/2.00

UNDER CONTRACT

259353 CND U 3 4-5-4-5-23-65 FS $339,000 Plantation #1711 1,153 #1711 2/2.00
263237 CND U 17 4-5-4-12-11-19 FS $995,000 Puu Poa #205 1,352 #205 2/2.00

WITHDRAWN

257556 CND W 275 4-5-4-15-21-34 FS $265,802 Sandpiper #134 1,042 #134 2/2.00

PRICE CHANGES

263480 CND A 30 4-5-3-11-1-27 FS $704,900- Villas On The Prince #27 1,732 #27 3/3.00
264263 CND A 5 4-5-4-12-11-6 FS $1,180,000+ Puu Poa #106 2,079 #106 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.

New Listings:

Pu’u Poa 106 is back on the market at $1.180M. It initially came on the market at $1.095M then increased to the current price which is why you’ll also see it under “price changes.” This “original owner” unit was purchased in 9/86 for $189,500 and had been listed previously from 12/12 to 4/13, starting at $1.395M and reducing to $1.250M.

Contingent:

Pu’u Poa 102 went into escrow while listed for $995K. The previous sale price was for $1.4M in 5/05 but it is not a short sale.

Under Contract:

Short sale Plantation 1711 went from in escrow to under contract, which indicates that we will probably see it closing shortly. It was purchased for $599,999 in 11/07. Pu’u Po’a 205 also went to “under contract” and will undoubtedly be closing very soon. This unit sold for $225K back in 2/85 and was priced at $995K.

Withdrawn:

Sandpiper 134, priced at $265,802 was withdrawn after 275 market days. It sold previously for $485K in 7/05 and was a short sale.

Price Changes:

Villas on the Prince 27 reduced from $749K to $704,900. This unit sold for $700K in 6/09. As noted under new listings, Pu’u Po’a 106 increased in price after coming on the market. Now on to your Princeville Kauai single family home update:

NEW LISTINGS

264400 RES A 2 4-5-4-16-38 FS $849,000 4118 Kekaulike Ln 10,500 sqft 2,531 3/4.00
264401 RES A 2 4-5-4-16-85 FS $879,000 4108 Nalani Ln 11,693 sqft 2,666 2/2.00

CONTINGENT SALE

260154 RES C 148 4-5-3-12-36 FS $1,389,000 4020 Aloalii Dr 9,161 sqft 2,702 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.

We have 42 sales so far this month and are aiming for 85 or more in order to meet or exceed June 12 sales. Year to date we are tied at 436 for both Jun 12 and 13 so we’ll undoubtedly surpass that number as we go through the next 15 days.

As I noted at the beginning of this blog – rates are ticking up so if you’re still on the sidelines thinking about buying, it’s probably a good time to get into the game. If you need help with locating a local lender, which I highly recommend that you use, please send an email and I’ll be happy to provide some referrals.

Sellers, the market is definitely turning in your favor so if selling has been in the back of your mind, now’s a good time to put that thought into action, before the market is flooded as has happened in the past.

If you need help, or answers to questions just send me an email. That’s why I’m here – so you have the facts before buying or selling. Happy Dad’s day – again!

Aloha Elaine

Beautiful Hanalei Bay as seen from the St. Regis Princeville

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

Follow me on Twitter: KauaiElaine

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

Princeville Kauai condo (and house) + short sale update for the week of Jun 2nd to Jun 8th

Sun, 09 Jun 2013 11:02:53 -0700

Aloha,

There weren’t quite as many units coming on the market and going into escrow this week as before but things are still moving. You’ll see that the Emmalani Court short sale from last week went quickly into escrow – so quick that it was pulled from this week’s Princeville Caravan before anyone got to see it as the agent was already working on an offer(s). Here is your weekly update:

NEW LISTINGS

264084 CND A 3 4-5-4-5-30-7 FS $429,900 Mauna Kai #F7 1,280 #F7 2/2.00
264225 CND A 2 4-5-4-5-16-21 FS $699,000 Ali’i Kai #3201 1,086 #3201 2/2.00

BACK ON THE MARKET

CONTINGENT SALES

263776 CND C 10 4-5-4-12-10-6 FS $484,900 Emmalani Ct #214 1,192 #214 2/2.00

SALES

258958 CND S 0 4-5-4-5-24-93 FS $469,000 Nihilani #31C 1,874 #31C 3/2.01
SOLD 6/6/2013 for $455,000 (CASH) DOM 0

UNDER CONTRACT

261735 CND U 3 4-5-3-6-22-54 FS $1,099,000 Kaiulani #54 2,479 #54 3/3.00

PRICE CHANGES

240671 CND A 922 4-5-4-12-11-2 FS $995,000- Puu Poa #102 1,352 #102 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.

New Listings:

Mauna Kai F7 is new on the market priced at $429,900 after selling as a bank REO for $245Kin 9/11. Is the market on a rebound? Ocean view Ali’i Kai 3210 came on the market priced at $699K. This unit sold for $148K back in 11/88 and has not been on the market since.

Contingent:

The Emmalani Court short sale of unit 214 that just came on the market last week went swiftly into escrow. This unit was priced at $484,900 and sold previously for $763K in 6/07.

Sales:

Short sale Nihilani 31C, a Makani unit, finally closed this week for a very good price of $455K cash. This unit was purchased from the developer in 2/06 for $693,985.

Under Contract:

One of the developer’s Ka’iulani units, #54, went under contract while listed for $1.099M

Price Changes:

Pu’u Po’a102 reduced in price from $1.1M to $995K. This unit last sold for $1.4M in 5/05 and is not a short sale.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

263841 RES A 5 4-5-4-19-1 FS $1,395,000 4165 Liholiho Rd 25,212 sqft 3,235 4/2.01
263455 RES C 4 4-5-4-20-6 FS $695,000 3959 Kalakaua Pl 11,360 sqft 1,760 3/2.01

CONTINGENT SALES

263455 RES C 4 4-5-4-20-6 FS $695,000 3959 Kalakaua Pl 11,360 sqft 1,760 3/2.01
263116 RES C 18 4-5-4-8-21 FS $887,946 5062 Kamamalu Lp 12,437 sqft 2,924 3/3.01
257802 RES C 255 4-5-4-21-28 FS $1,295,000 4865 Akai Pl 16,048 sqft 3,528 4/3.01

TEMPORARILY WITHDRAWN

258765 RES T 183 4-5-4-15-15 FS $899,000 3838 Haulani Pl 14,510 sqft 2,262 4/2.01

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

Things are picking up in the single family home market too. Kalakaua Place wasted no time in finding a buyer. I know this house from having sold it once before – and love the privacy it affords as a corner lot with a flag lot to the other end so you don’t really see your neighbor’s home. It was a slam dunk into escrow. Kamamalu Loop was only on the market for 18 days when it went into escrow. What makes this home fun and unique is the interior courtyard.

It’s great to see buyers recognizing and taking advantage of an opportunity when it presents itself, instead of bypassing it, waiting for something “better” which may never come. Interest rates are starting to creep up which may inspire those who are still undecided to take the plunge.

Some, of course, will only continue to look to “look” instead of looking to “buy.” Unfortunately, if you keep looking but never buy this market will pass you by like what has happened in the past. Don’t be that person if you really want to own a piece of paradise. If you’re not sure how to get started, or need some information before selling, you know who to email. That’s why I’m here, so you get the facts.

Aloha Elaine

Great spot to sit along the walking path in Princeville. Perfect for sunsets too.

In fact, here’s the clouds after sunset from last night.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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………

Kauai 2013 May Market Statistics

Mon, 03 Jun 2013 21:32:28 -0700

Aloha,

Welcome to June already! Even though May flew by, there was plenty of real estate activity, although it ended up falling short of the May 12 stats by 6 transactions, coming in with 82 sales compared to 88 last year. The sales were distributed pretty much the same way both months, with 45 residential sales in 12 compared to 41 this May, 10 land sales compared to 12 this May, 3 commercial sales in May 12 with only 1 this May and 30 condo sales last May compared to 28 this May.

Even though we didn’t surpass May 12 numbers, it is still well and beyond any other May going back as far as 08 which had 47 sales. May 09 came in with a mere 37 sales, May 10 increased to 53 sales and May 11 had the third highest transactions with 70 sales.

Year to date we are slightly ahead of the game, with 393 sales compared to 351 at the same time last year. The “low” was year to date 09 which had a paltry 168 sales. The highest number of sales since 08 excluding this year was year to date May 11 with 325. We’re looking good!

In terms of sales volume, there was a small increase of 4.39% going from $50,425,325 in May 12 to $52,637,707 for this past May. This is the highest since 2008 with the lowest being May 09 with only $22,011,400 in sales.

Year to date sales are at $231,398,845 which is a 15% increase over year to date May 12 with $200,238,865 in sales. Once again, this year to date is the highest since May 08. The low year to date was, the usual – 09 with only $107,555,106 in sales.

Median pricing is also up going from $480K to $539K in residential when comparing May 12 to May 13, $234K to $417K for land and $264K to $364K for condos. Bear in mind, these are median and not average prices.

To see the full MLS statistical report, please click here to go to my website where I post it each month.

If you have questions about buying or selling, you know who to email.

Aloha Elaine

Kauai
Here’s a different kind of Hibiscus called the Double Hibiscus. Love them all!

Elaine Schaefer (R)
Broker in Charge CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of May 26th to Jun 1st

Sun, 02 Jun 2013 12:35:28 -0700

Aloha,

The real estate market, especially condos, remains strong here in Princeville. In fact, Islandwide condos are strong with a total of 7 new listings and 14 that went into escrow just last week. Homes are doing well also, with 14 new listings and 8 that went into escrow. Islandwide It’s a great start for a busy summer. Here’s what happened in Princeville Kauai condos this past week:

NEW LISTINGS

263912 CND A 4 4-5-4-5-18-89 FS $359,900 Puamana #24D 1,532 #24D 2/2.00
263776 CND A 3 4-5-4-12-10-6 FS $484,900 Emmalani Court #214 1,192 #214 2/2.00
263671 CND C 2 4-5-4-5-24-58 FS $509,000 Nihilani #20A 1,874 #20A 3/2.01

CONTINGENT SALES

262145 CND C 74 4-5-3-6-22-63 FS $789,000 Kaiulani #63 1,892 #63 2/2.01
260766 CND C 122 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00
263671 CND C 2 4-5-4-5-24-58 FS $509,000 Nihilani #20A 1,874 #20A 3/2.01
263522 CND C 10 4-5-4-5-24-91 FS $598,000 Nihilani #31A 1,874 #31A 3/2.01
262276 CND C 69 4-5-4-6-1-45 FS $769,000 Villas Of Kamalii #45 1,825 #45 3/3.00
263237 CND C 18 4-5-4-12-11-19 FS $995,000 Puu Poa #205 1,352 #205 2/2.00

SALES

249929 CND S 525 4-5-4-5-18-66 FS $349,000 Puamana #18C 1,532 #18C 2/2.00
SOLD 5/30/2013 for $345,000 (CASH) DOM 525

PRICE CHANGES

263912 CND A 4 4-5-4-5-18-89 FS $359,900+ Puamana #24D 1,532 #24D 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.

New Listings:

Puamana 24D is back as a new listings priced at $359,900 after selling for $268K in 9/03. It was first listed from 4/05 to 8/05 starting at $499K and increasing to $525K, again from 8/08 to 9/10 going from $425K to $345K, once more from 1/11 to 5/11 during which time it was priced at $295K and finally from 6/11 to 3/13, starting at $294K, increasing to $275K and then to $285K. Each time, the listing was withdrawn from the market. Emmalani Court 224 is a new short sale priced at $484K, having last sold for $763K in 6/07. Nihilani 20A is a bank owned property with a price of $509K which came on the market showing as in escrow. Purchased in 9/06 from the developer for $804,075 this unit has been listed numerous times before, from a high of $885K in 11/06 to a low of $465K in 11/11.

Contingent:

Ka’iulani 63 found a buyer while priced at $789K, probably yielding a nice gain for the seller who bought it for only $642K in 12/12. We’ll find out for sure when it closes. Short sale Hale Moi 106, priced at $280K, which fell out of escrow on 5/21, is back in escrow with a new buyer. It was purchased for $485K in 10/05. As noted above, Nihilani 20A went immediately into escrow. Nihilani 31A was only on the market for four days when it went into escrow while priced at $598K. This unit was sold for $725K in 8/06. Villas of Kamali’i 45 went into escrow while priced at $769K after selling for $850K in 9/07. Pu’u Po’a 205 went into escrow with a list price of $995K and a prior purchase price of $225K in 2/85.

Sales:

Puamana 18C was listed at $349K and sold for $345K cash. This remodeled unit was previously purchased for $315K in 1/04.

Price Changes:

There were no price changes this week. The only one listed here is one that looks like a simple error when Puamana 24D was entered into the MLS as it shows a price change from $259,900 to $359,900. Now on to your Princeville Kauai home update:

CONTINGENT SALES

261807 RES C 82 4-5-4-18-61 FS $845,000 4178 Kamalani Ln 11,567 sqft 2,322 4/2.01

SALES

255150 RES S 215 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/4.01
SOLD 5/30/2013 for $1,800,000 (CASH) DOM 215

253755 RES S 295 4-5-4-13-11 FS $795,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
SOLD 5/30/2013 for $765,000 (CNV) DOM 295

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

We didn’t quite close the gap on May 2012 sales, coming in with 82 this May compared to 88 last May but we are slightly ahead of the game in year to date, with 351 sales posted this time last year compared to 393 at the present time. Our target number for next month is 85, which is the number of sales from June 2012. Year to date for June 2012 is 436, which means we only need 43 sales for June 2013 to pass that number – something I think will easily be accomplished.

If you took note of this weeks update, you’ll see a nicely priced Emmalani Court which is a short sale, and a bank owned Nihilani that went into escrow as it hit the market. This underscores what I’ve been saying all along – there are still some good buys to be had out there but you have to think first (meaning now, before the property hits the market) and then jump when the opporunity occurs. If you haven’t thought your purchase through prior to entering the market, you may miss the “good buys” while you ask questions. Trust me, someone else will have already done their homework and the unit will be gone.

Any questions? You know who to ask! Get the facts before you buy or sell. That’s why I’m here. Just send me an email.

Aloha Elaine

Kapaka Road – the road to the stable.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of May 19th to May 25th

Sun, 26 May 2013 13:08:57 -0700

Aloha,

The market continues to show strength, with several new listings as well as three condos and one home closing escrow. Will we surpass last May’s performance which had 88 sales?– That remains to be seen as we are now at 65 closed transactions. There are currently 39 properties under contract – and 240 more that are in escrow. Here is your activity for the week just past:

NEW LISTINGS

262927 CND A 3 4-5-4-5-13-18 FS $425,000 Kamahana #18 1,127 #18 2/2.00
261551 CND A 5 4-5-4-5-18-51 FS $430,000 Puamana #14C 1,298 #14C 2/2.00
263782 CND A 3 4-5-4-5-4-8 FS $450,000 Mauna Kai #8A 1,503 #8A 2/2.00
263522 CND A 3 4-5-4-5-24-91 FS $598,000 Nihilani #31A 1,874 #31A 3/2.01
262665 CND S 0 4-5-4-5-18-50 FS $515,000 Puamana #14B 1,298 #14B 2/2.00
SOLD 5/21/2013 for $465,000 (CNV) DOM 0

BACK ON THE MARKET

260766 CND A 115 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00

SALES

254197 CND S 322 4-5-3-6-22-55 FS $1,099,000 Kaiulani #55 2,479 #55 3/3.00
SOLD 5/24/2013 for $999,000 (CASH) DOM 322

262665 CND S 0 4-5-4-5-18-50 FS $515,000 Puamana #14B 1,298 #14B 2/2.00
SOLD 5/21/2013 for $465,000 (CNV) DOM 0

261901 CND S 7 4-5-4-12-9-17 FS $559,000 Pali Ke Kua #139 993 #139 2/1.01
SOLD 5/24/2013 for $564,000 (CASH, CNV) DOM 7

PRICE CHANGES

261373 CND A 92 4-5-4-5-18-90 FS $399,000- Puamana #25A 1,214 #25A 2/2.00
263309 CND A 23 4-5-4-6-1-33 FS $675,000- Villas Of Kamalii #33 1,825 #33 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.

New Listings:

Kamahana 18 is new on the market priced at $425K. This is the first time this unit has been listed since it was purchased for $214K in 8/89. Golf course / ocean view Puamana 14C is priced at $430K. This unit sold as a leasehold in 3/92 for $150K and was converted to fee simple in 8/00 for $35,700. Mauna Kai 8A has its first showing on the market since it sold for $525K in 9/04. It is listed at $450K. Nihilani 31A, a Makani unit, is a new listing priced at $598K. It sold for $725K in 8/06 and is not a short sale. Puamana 14B hit the market showing as sold for $465K with a list price of $515K. This unit was purchased as an REO for $290K in 8/10. You’ll also see it under the sold portion of this report.

Back on the Market:

Hale Moi 106 is back on the market after going into escrow on 4/25. This is a short sale priced at $280K.

Sales:

One of the developer’s remaining Ka’iulani units, #55 sold for $999K cash while listed for $1.099M. As noted in new listings, Puamana 14B sold for $465K. Pali Ke Kua 139 sold for more than asking, with a sale price of $564K while listed for $559K. This ocean view unit last sold for $499K in 6/02.

Price Changes:

Puamana 25A, a single story unit, reduced from $403K to $399. It was last purchased for $490K in 2/07. Villas of Kamali’i 33 was purchased for a very attractive $530K in 8/12 and reduced this week from $700K to $675K.

Now on to your Princeville Kauai single family residence update:

NEW LISTINGS

263116 RES A 4 4-5-4-8-21 FS $887,946 5062 Kamamalu Lp 12,437 sqft 2,924 3/3.01
263197 RES A 2 4-5-4-18-41 FS $1,295,000 4179 Kamalani Ln 10,690 sqft 4,351 5/4.00

BACK ON THE MARKET

259903 RES A 143 4-5-4-10-1 FS $1,100,000 4146 Liholiho Rd 9,966 sqft 3,884 4/4.01

SALES

254734 RES S 297 4-5-4-24-5 FS $749,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01
SOLD 5/21/2013 for $730,000 () DOM 297

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

We are so very blessed to live and work in environment as beautiful as Kauai – but I’d like to change gears just a little and talk about a different aspect of living here, and that is the freedom we all enjoy as citizens of the United States. While you are out having a good time this Memorial Weekend, please take some time to reflect on those who have given their lives and who continue to risk their lives on a daily basis to ensure all the freedoms we often take for granted. Thank you to all of our Military and their families, both past and present. I hope you know how very much you are appreciated and how very important your service was and is to our Country.

Aloha Elaine

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of May 12th to May 18th

Sun, 19 May 2013 13:49:40 -0700

Aloha,

This was a very busy week for both condos and houses. As you know, condos have been fairly active but this week we saw two homes go quickly into escrow. One is a very nice short sale on Kaweonui while the other is a large home which still needs some work to bring it to completion. Ocean view and well priced condos continue to lead the way. For the second week in a row there were no price reductions in either category. With properties flying off the shelves as they are now, it appears there’s no need! Take a look:

NEW LISTINGS

263480 CND A 2 4-5-3-11-1-27 FS $749,000 Villas On The Prince #27 1,732 #27 3/3.00
263531 CND A 3 4-5-4-5-7-38 FS $787,000 Sealodge #D9 570 #D9 1/1.00
263237 CND A 4 4-5-4-12-11-19 FS $995,000 Puu Poa #205 1,352 #205 2/2.00
263599 CND U 4 4-5-4-12-2-19 FS $275,000 Hale Moi #119 1,033 #119 2/2.00

CONTINGENT SALES

261347 CND C 78 4-5-4-5-12-6 FS $399,000 Sealodge #F6 567 #F6 1/1.00

SALES

253361 CND S 312 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01
SOLD 5/17/2013 for $1,225,000 (CNV) DOM 312

260480 CND S 6 4-5-4-5-7-47 FS $395,000 Sealodge #E9 566 #E9 1/1.00
SOLD 2/28/2013 for $360,000 (CASH) DOM 6

UNDER CONTRACT

263599 CND U 4 4-5-4-12-2-19 FS $275,000 Hale Moi #119 1,033 #119 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.

New Listings:

Villas on the Prince was purchased for $700K in 6/09 and is now on the market at $749K. Sealodge D9 is priced at $787K, having last sold for $595,500 in 9/04. This ocean view unit was first on the market from 4/09 to 5/09, during which time it went from $1.077M to $997K and again from 5/11 to 12/11, with a start price of $997K, ending at $897K. Second floor Pu’u Po’a 205 is a “one owner” purchased in 2/85 for $225K. It is listed for $995K. It was listed once before from 11/02 to 10/04 for $689,900. Downstairs Hale Moi 119 is new this week priced at $275K after selling for $150K in 11/00. It went quickly under contract.

Contingent:

Sealodge F6, with a list price of $399K, went into escrow. It was purchased for $565K in 12/05 and is not a short sale.

Sales:

Ka’iulani 8 closed for the list price of $1.225M after selling from the developer in 3/08 for $1,939,420. Sealodge E9 sold for $360K cash while listed for $395K. The previous purchase was in 12/00 for $285K.

Under Contract:

As noted under new listings, Hale Moi 119 went under contract in a matter of days. Now on to your Princeville Kauai home sales:

NEW LISTINGS

263603 RES A 5 4-5-4-13-6 FS $999,999 3695 Kaweonui Rd 11,121 sqft 2,428 4/2.00
246921 RES C 3 4-5-4-21-8 FS $534,800 3790 Kaweonui Rd 9,276 sqft 2,213 3/2.01

CONTINGENT SALES

246921 RES C 3 4-5-4-21-8 FS $534,800 3790 Kaweonui Rd 9,276 sqft 2,213 3/2.01
262742 RES C 760 4-5-4-13-59 FS $759,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00
263419 RES C 8 4-5-4-15-18 FS $869,000 3820 Haulani Pl 10,560 sqft 3,363 5/4.01

SALES

261163 RES S 6 4-5-4-9-6 FS $799,999 4197 Liholiho Rd 10,657 sqft 1,852 3/2.00
SOLD 5/17/2013 for $797,999 (CNV) DOM 6

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

Last May there were a total of 88 sales. As of today, Sunday, 47 sale have been reported. There are currently 280 properties Island wide either in escrow or under contract – and we are just past the halfway mark for May. The inventory is definitely diminishing, with only 58 condos listed in Princeville, ranging in price from $293K for Sandpiper up to $2.2M for a Ka’iulani townhome. Only 33 homes are on the Princeville market, going from a low of $674K for home on O’u Place to $14M for a retreat on Hanalei Plantation Road. If you are interested in any of these properties, or any others on Kauai, please do not hesitate to ask. That’s why I’m here – so you have the facts before buying or selling.

Aloha Elaine

The Paradise Bar and Grill in the Princeville center is being remodeled and will soon open as Todd and Michele Rundgren’s Tiki Iniki. This must be one of the on site supervisors. I’ll let you know when it opens so you can check it out.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

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

Sun, 12 May 2013 13:43:09 -0700

Aloha,

Happy Mother’s day to all the mothers out there. It’s trying to be a sunny day on Kauai – here on the North Shore, but it’s only having mixed success. First rain, then a moment of sunshine, then more clouds – but we’ll see what the remainder of the day brings. There are several new listings this week and some new escrows. Surprisingly, there are no price changes this week.

NEW LISTINGS

263326 CND A 5 4-5-3-6-22-25 FS $1,374,000 Kaiulani #25 2,864 #25 3/3.01
262765 CND A 4 4-5-3-6-22-31 FS $1,599,000 Kaiulani #31 2,864 #31 3/3.01
263297 CND A 3 4-5-4-15-21-12 FS $293,000 Sandpiper #112 1,042 #112 2/2.00
263443 CND A 2 4-5-4-5-18-87 FS $457,000 Puamana #24B 1,532 #24B 2/2.00

BACK ON THE MARKET

254213 CND A 370 4-5-4-12-9-23 LH $449,000 Pali Ke Kua #233 993 #233 2/2.00

CONTINGENT SALES

262658 CND C 33 4-5-3-6-22-67 FS $749,000 Kaiulani #67 1,738 #67 2/2.01
261359 CND C 81 4-5-4-5-3-4 FS $189,900 Paniolo #104 1,058 #104 1/2.00
261657 CND C 65 4-5-4-5-7-34 FS $439,000 Sealodge #D5 570 #D5 1/1.00

SALES

257549 CND S 176 4-5-4-5-23-31 FS $569,000 Plantation #821 1,366 #821 3/3.00
SOLD 5/10/2013 for $550,000 (CASH, CNV) DOM 176

259066 CND S 90 4-5-4-6-1-34 FS $625,000 Villas Of Kamalii #34 1,825 #34 3/3.00
SOLD 5/9/2013 for $585,000 (CASH) DOM 90

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

New Listings:

Ka’iulani 25 is new on the market with a list price of $1.374M. This townhome was purchased as a short sale in 10/10 for $995K. Prior to that it sold from the developer for $1,621,790 in 10/07. So which way do you think the market is heading?

Ka’iulani 31 is also new on the market since selling from the developer for $1,822,350 in 7/07. It is listed for $1.599M. Downstairs Sandpiper 112 is listed for $298K, having last sold for $335K in 6/04. It was previously on the market from 8/07 to 12/07 priced at $449,900 and again from 7/08 to 11/08 for $415K. Although the seller is taking a loss, this is not a short sale. The unit is upgraded with granite slab countertops in the kitchen and tile throughout.

Puamana 24B is priced at $457K. This unit sold for $375K in 2/05. It was listed previously from 4/06 to 6/06 for $617K, again from 5/08 to 7/08 for $527K and once again from 10/08 to 2/09, starting at $497K and reducing to $467K.

Back on the Market:

Leasehold Pali Ke Kua 233 is back on the market at $449K, which is the same price as when it expired. This ocean view unit sold for $390K in 6/01.

Contingent:

Ka’iulani’s continue to be popular, as #67 found a buyer this week while priced at $749K. Are prices on the rebound? This unit sold for $668K not quite year ago, in 6/12. Bank REO Paniolo 106 was priced at $189,900 as it went into escrow. This downstairs unit sold for $240Kin 9/03 and was foreclosed on by the bank in 2/13. Sealodge D5 went into escrow with a list price of $439K. It sold for $525K in 12/04.

Sales:

Plantation 821 sold for $550K while listed for $569K. The previous sale was for $600K in 4/08. Villas of Kamali’i 33 was purchased for $670K in 12/04 and sold this week for $585K cash while listed for $625K.

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

263419 RES A 1 4-5-4-15-18 FS $869,000 3820 Haulani Pl 10,560 sqft 3,363 5/4.01

BACK ON THE MARKET

263419 RES A 1 4-5-4-15-18 FS $869,000 3820 Haulani Pl 10,560 sqft 3,363 5/4.01

CONTINGENT SALES

255554 RES C 322 4-5-4-4-52-1 FS $4,495,000 4615 Hanalei Plantation Rd #A 31,715 sqft 3,864 #A 4/3.01

SALES

258937 RES S 131 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00
SOLD 5/6/2013 for $500,000 (CASH) DOM 131

WITHDRAWN

261062 RES W 82 4-5-4-14-26 FS $998,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

PRICE CHANGES

263419 RES A 1 4-5-4-15-18 FS $869,000+ 3820 Haulani Pl 10,560 sqft 3,363 5/4.01

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

We’re heading into summer, which is generally the most active time for real estate sales. I’m expecting a busy summer with plenty of great opportunities for well prepared buyers and sellers. If you are realistic in your expectations, whether a buyer or seller, you’ve got a good head start over the rest of the real estate buying population. Find an agent you trust, have them surround you with a knowledgeable support team and you’ll be good to go. Any questions about the buying or selling process? Just send me an email – that’s why I’m here – so you have the facts. Enjoy this Mother’s day.

Aloha Elaine

Finally, the sun is setting into the ocean again. We get to enjoy this all summer!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR

RE/MAX Kauai
Princeville Resort Office
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of Apr 28th to May 4th

Sun, 05 May 2013 12:45:58 -0700

Aloha,

It was another beautiful week, a little muggy with the trades diminishing a bit here and there, but overall, it’s still paradise and I love it. Apparently others do too as 2 condos and 1 house went into escrow while 5 condos closed escrow to the delight of their new owners – plus there are 4 new condo listings for your consideration. Take a look at all the activity:

NEW LISTINGS

263161 CND A 0 4-5-4-5-18-7 FS $425,000 Puamana #2C 1,570 #2C 4/2.00
262996 CND A 5 4-5-4-6-1-1 FS $659,000 Villas Of Kamalii #1 1,761 #1 3/3.00
263309 CND A 2 4-5-4-6-1-33 FS $700,000 Villas Of Kamalii #33 1,825 #33 3/3.00
263088 CND A 5 4-5-4-6-1-12 FS $765,000 Villas Of Kamalii #12 1,825 #12 3/3.00
262822 CND S 0 4-5-4-12-3-8 FS $740,000 Hanalei Bay Villas #8 1,244 #8 2/2.01
SOLD 5/3/2013 for $740,000 (CASH) DOM 0

CONTINGENT SALES

260250 CND C 110 4-5-4-5-18-94 FS $339,000 Puamana #26A 1,214 #26A 2/2.00
259655 CND C 138 4-5-4-5-17-41 FS $389,900 Alii Kai Ii Hanalei #13A 1,020 #13A 2/2.00

SALES

257991 CND S 160 4-5-4-5-23-14 FS $389,000 Plantation #412 1,153 #412 2/2.00
SOLD 5/3/2013 for $385,000 (CASH) DOM 160

228849 CND S 1202 4-5-4-5-23-25 FS $425,000 Plantation #711 1,153 #711 2/2.00
SOLD 4/29/2013 for $425,000 (CNV) DOM 1202

256338 CND S 63 4-5-4-5-15-1 FS $429,000 Paliuli #1 1,337 #1 2/2.00
SOLD 5/1/2013 for $425,000 (CNV) DOM 63

262822 CND S 0 4-5-4-12-3-8 FS $740,000 Hanalei Bay Villas #8 1,244 #8 2/2.01
SOLD 5/3/2013 for $740,000 (CASH) DOM 0

261337 CND S 8 4-5-4-12-5-29 FS $899,000 Pali Ke Kua Incr #211C 1,127 #211C 2/2.00
SOLD 4/30/2013 for $899,000 (CASH, CNV) DOM 8

UNDER CONTRACT

253361 CND U 312 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01

EXPIRED

254213 CND X 365 4-5-4-12-9-23 LH $449,000 Pali Ke Kua #233 993 #233 2/2.00

PRICE CHANGES

259655 CND C 138 4-5-4-5-17-41 FS $389,900+ Alii Kai #13A 1,020 #13A 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.

New Listings:

Puamana 2C is new on the market priced at $425K. It is listed as a 4 bedroom unit with 1 bedroom downstairs and 3 up. It sold previously for $195K in 4/01. Villas of Kamali’i 1 is priced at $659K. This unit sold for $743K in 3/05 and was previously listed from 3/07 to 3/08 starting at $1.075M and dropping to $935K. Villas of Kamali’i 33 sold as a short sale in 8/12 for $530K and is now back as a new listing priced at $700K. Villas of Kamali’i 12 is back on the market priced at $765K after selling as a short sale for $525K in 2/11. Hanalei Bay Villas 8, which last sold as a bank REO for $435K in 3/11, came on the market showing as sold for the list price of $740K cash. You’ll also see it under the sold portion of this update.

Contingent:

Puamana 26A was priced at $339K when it went into escrow this week. This unit sold for $325K in 1/04. Ali’i Kai 13A found a buyer after increasing in price last week from $374,900 to $389,900. This first floor remodeled unit was purchased for $268K in 12/11. Another sign prices are increasing.

Sales:

Plantation 412 was listed for $412K and it sold for $385K cash. This unit sold from the developer in 9/05 for $405K. Plantation 711 sold for the list price of $425K after 1202 days on the market. It was purchased from the developer in 9/05 for $455,402. Paliuli 1 sold for $425K with a list price of $429K. This was not a short sale despite being purchased for $575K in 8/07. As noted above, Hanalei Bay Villas 8 sold for the list price of $740K. Pali Ke Kua 211, which has ocean and Bali Hai views, sold for the list price of $899K, cash. It was originally purchased for $285K in 7/97.

Under Contract:

Ka’iulani 8 went from contingent to under contract and should be closing soon. Priced at $1.225K this unit was purchased from the developer for $1,939,420 in 3/08.

Expired:

Leasehold Pali Ke Kua 233 expired after a year on the market with a list price of $449K. It sold previously for $390K in 6/01.

Price Changes:

Ali’i Kai 13A increased in price, going from $374,900 to $389,900. This ground floor unit sold for $268Kin 12/11. Not bad!

Now on to your Princeville Kauai single family home update:

NEW LISTINGS

263260 RES A 2 4-5-4-15-13 FS $789,000 3841 Haulani Pl 10,409 sqft 2,016 3/2.00
262073 RES A 5 4-5-4-16-72 FS $1,285,000 4436 Emmalani Dr 10,034 sqft 3,444 4/3.00
262888 RES A 1 4-5-4-13-9 FS $1,550,000 3679 Kaweonui Rd 15,352 sqft 3,695 4/3.02

CONTINGENT SALES

261469 RES C 71 4-5-4-7-11 FS $1,150,000 3916 Namakeha Lp 10,066 sqft 2,628 3/3.01

PRICE CHANGES

262839 RES A 17 4-5-4-10-29 FS $1,485,000- 5238 Honoiki Rd 10,182 sqft 3,454 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.

I’m sure you noticed that several of the condos that were purchased at excellent short sale / REO prices are now back on the market priced much higher. If you noticed, then you can rest assured that sellers are on high alert and overjoyed to see the market finally heading back up. I’m seeing multiple offers on many of the properties, and of course, cash is always king, relatively speaking. (Not if the offer is low, however.)

As a buyer, you need to be well prepared when making an offer, which should include at a minimum, proof of cash funds and a prequal (or even better, a pre-approval) letter from a local lender. Make sure your offer is complete, concise and reasonable. That’s the market climate we’re heading towards now. If you are interested in buying or selling and have questions or are curious as to what is available, please send am email. That’s why I’m here – to get you the facts before buying or selling.

And — If you want to buy Mom a piece of paradise for her special day, it’s not too late! I’m here to make that dream come true too!

Aloha Elaine

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Kauai 2013 April Market Statistics

Fri, 03 May 2013 00:55:52 -0700

Aloha,

Apr 13 turned out to be very hot, ending up with 124 sales, which is an increase of 72% over the 72 sales of Apr 12. The increase was spread among residential – which went from 29 to 54 sales, land which had a 160% increase with 10 sales in Apr 12 to 26 in Apr 13 and condo with 44 sales this Apr compared to 33 Apr 12. The “low” in sales was in Apr 08 with 48 sales and Apr 09 with only 45. Apr 13 is far and away the best performing month since 2008.

Year to date, Apr 13 has 308 sales compared to 263 for this time last year. With the exception of 2009 –which had only 131 sales at the end of Apr – things have been steadily increasing since 2008. Year to date Apr 08 had 212 sales, Apr 10 had 219 and year to date Apr 11 had a total of 255 sales.

Sales volume is also on the upswing, with $63M in sales this Apr compared to $43M in Apr 12, which is a 46% increase. Once again, this is the high for the last 6 years. The low was in Apr 09, which only posted $27M in sales, followed closely by Apr 11 with $29M in sales volume.

Year to date there have been $177M in sales. Last year at this time there were $149M in sales, 2011 had $154M, 2010 – $118M, 09 was the low year to date with only $85M and finally 08 year to date had $190M in sales volume.

Median sales for residential in Apr is down from $680K in 12 to $585K in Apr 13. Land median is up from $216,500 to $255K in Apr 13 – with condos going from $312K in Apr 12 to $335K for Apr 13. Year to date the median is up across the board: going from $449,750 year to date Apr 12 to $500K for this year in residential; land is up from $260K to $272,500 and condos went from $290K to $323,750. Keep in mind, these are median prices and not average prices. To see the full MLS statistical report, please click here to go to my website where I post the full report every month.

Aloha Elaine

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Apr 21st to Apr 27th

Sun, 28 Apr 2013 13:21:29 -0700

Aloha,

It’s been a glorious weekend – the kind that makes you want to run out and buy a property even if that was not the original plan. Nice and sunny, beautiful blue skies, and a gentle breeze making for a perfect day at the beach – or hiking or anything else outdoors. Everyday in Kauai is a blessing but there are some days where mother nature presents such a perfect stage you simply cannot do anything but look out and admire all that surrounds you. We enjoyed sitting out on the bluff during sunset as the albatross skimmed along the bluff just a few feet above our heads.

As for real estate activity, condo activity remained steady while houses were still on the quiet side. Take a look below:

NEW LISTINGS

262881 CND A 3 4-5-3-11-1-32 FS $769,000 Villas On The Prince #32 1,737 #32 3/3.00
263005 CND A 5 4-5-3-6-22-20 FS $2,200,000 Kaiulani #20 2,864 #20 3/3.01
263014 CND A 5 4-5-4-5-23-39 FS $649,000 Plantation #1021 1,318 #1021 3/3.00
262824 CND A 5 4-5-4-6-1-59 FS $650,000 Villas Of Kamalii #59 1,766 #59 3/3.00

CONTINGENT SALES

260766 CND C 87 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00
249929 CND C 528 4-5-4-5-18-66 FS $349,000 Puamana #18C 1,532 #18C 2/2.00

SALES

261403 CND S 4 4-5-3-6-22-65 FS $759,000 Kaiulani #65 1,892 #65 2/2.01
SOLD 4/22/2013 for $730,000 (CASH) DOM 4

261730 CND S 2 4-5-3-6-22-52 FS $1,099,000 Kaiulani #52 2,479 #52 3/3.00
SOLD 4/26/2013 for $950,000 (CASH) DOM 2

257965 CND S 141 4-5-4-6-1-40 FS $695,000 Villas Of Kamalii #40 1,825 #40 3/3.00
SOLD 4/22/2013 for $685,000 (CNV) DOM 141

UNDER CONTRACT

254197 CND U 322 4-5-3-6-22-55 FS $1,099,000 Kaiulani #55 2,479 #55 3/3.00

PRICE CHANGES

245262 CND A 718 4-5-3-11-1-10 FS $785,000- Villas On The Prince #10 1,732 #10 3/3.00
261359 CND A 67 4-5-4-5-3-4 FS $189,900- Paniolo #104 1,058 #104 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.

New Listings:

Villas on the Prince 32 is now listed for $769K after selling for $545K in 2/03. This townhome was previously listed from 5/08 to 4/09, starting at $980K and reducing to $895K.

Ka’iulani 20 is back on the market with a new low price of $2.2M. Purchased in 11/07 for $1,985,180, this unit first came on the market in 11/08 to 1/09 priced at $2.650M, again from 2/09 to 7/09 at the same price, from 10/09 to 4/11 starting at $2.650M and reducing to $2.595M and most recently from 5/11 to 2/13 with a start price of $2.495M and an ending price of $2.295M.

Plantation 1021 is new on the market with a price of $649K. This successful vacation rental sold from the developer for $523,993 in 12/05.

Villas of Kamali’i 59 has a new low list price of $650K after selling for $586K in 4/04. It was first listed from 8/09 to 1/11 starting at $795K and reducing $699K and again from 2/11 to 2/12 with a list price of $695K.

Contingent:

Short sale Hale Moi 106 went into escrow with a list price of $280K. This unit sold for $485K in 10/05. Puamana 18C, which had been on the market for 527 days, also found a buyer while priced at $349K. This townhouse last sold for $315K in 1/04.

Sales:

Ka’iulani 65, which was only on the market for 4 days priced at $759K, closed for $730K cash. This unit sold for $855K in 3/08. Ka’iulani 52, one of the developer’s units, sold quickly for $950K cash while listed for $1.099M. Villas of Kamali’i 40 sold for $685K while priced at $695K. Is the market going up? – The seller purchased this unit for only $530K in 7/11 and actually made themselves some $$.

Under Contract:

Ka’iulani 55 moved closer to closing by going from contingent to under contract. Priced at $1.099M, this is also one of the remaining developer units.

Price Changes:

Villas on the Prince 10 reduced from $798,900 to $785K. It was purchased for $470,320 in 2/02. Paniolo 106 reduced from $209,900 to $189,900. This REO last sold in 9/03 for $240K.

Now on to your Princeville single family home update which consists of one property going into escrow and two other price reductions:

UNDER CONTRACT

258937 LND, MTF, RES U 131 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00

PRICE CHANGES

254151 RES A 366 4-5-4-7-34 FS $2,875,000+ 3824 Punahele Rd 17,151 sqft 5,095 5/6.01
259903 RES C 115 4-5-4-10-1 FS $1,100,000- 4146 Liholiho Rd 9,966 sqft 3,884 4/4.01 A

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

Clients keep asking if I think the market is picking up – how about this – we are now at 112 sales for Apr 13 compared to 72 for all of Apr 12. Year to date we are at 296 compared to 263 at the end of year to date Apr 12. Right now there are 26 properties Island wide under contract and another 192 that are contingent. Do you want to guess what the final total will be for this month?

Any way you look at it, things are on the upswing. Pricing is definitely on the upswing and many properties are seeing multiple offers, some coming in over asking price. If you want to get into the market now, you need to be prepared and ready to move quickly. If you have any questions about how to prepare and/or what is available, email me with you questions and concerns. That’s why I’m here, so you get the facts before buying or selling.

Aloha Elaine

Most of you probably know that we have wild pigs on Island, most of which are black. Recently, the owner of the ranch where I keep my horse told me she’d seen a black and white “pinto” pig. I saw it the other day and managed (barely) to get a couple of pictures as the pinto pig ran across the pastures. They’re not great pictures as they are low resolution with my cell phone but look closely and you’ll see the unusual pinto pig.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Apr 14th to Apr 20th

Sun, 21 Apr 2013 12:31:53 -0700

Aloha,

I had several showings of my listings this past week, so it seemed busy to me, but in actual MLS status changes, it was as slow as I’ve seen in awhile. We didn’t even have any new listings this week, which is rare. Just one sale and a couple of price changes and that was it. Take a look for yourself:

BACK ON THE MARKET

260766 CND A 80 4-5-4-12-2-6 FS $280,000 Hale Moi #106 1,033 #106 2/2.00

SALES

256825 CND S 175 4-5-4-5-7-12 FS $235,000 Sealodge #B4 564 #B4 1/1.00
SOLD 4/15/2013 for $224,000 (CNV) DOM 175

PRICE CHANGES

230147 CND A 1225 4-5-3-6-22-9 FS $1,499,000+ Kaiulani #9 2,864 #9 3/3.01
260766 CND A 80 4-5-4-12-2-6 FS $280,000+ Hale Moi #106 1,033 #106 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.

Back on the Market:

Short sale Hale Moi 106 is back on the market with a new higher price of $280K up from $269K. You’ll also see this unit under the price changes portion of the update. It sold for $485K in 10/05.

Sales:

Sealodge B4 sold for $224K while listed for $235K. The previous sale was for $110K in 5/90.

Price Changes:

Ka’iulani 9, which sold from the developer for $2,008,270 in 2/08 increased from $1.450M to $1.499M and is not a short sale. As noted above, Hale Moi 106 came back on the market at $280K.

Short but sweet – maybe we can get some of the existing inventory moving since we didn’t have any new — Moving right along to your Princeville residential update which has two new listings, and one that went into escrow:

NEW LISTINGS

262903 RES A 3 4-5-3-12-42 FS $990,000 4046 Aloalii Dr 8,041 sqft 1,604 3/2.01
262839 RES A 3 4-5-4-10-29 FS $1,585,000 5238 Honoiki Rd 10,182 sqft 3,454 4/4.00

CONTINGENT SALES

262581 RES C 12 4-5-4-16-33 FS $705,000 5020 Emmalani Dr 10,500 sqft 2,388 #0 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.

Even though things are a little slow this week, we’re still ahead of April 12 with 74 sales to date compared to 72 for last year. As of today, Sunday, there are 42 properties under contract and another 293 (Wow – I didn’t realize it was that many!) that are contingent. On a yearly basis, we are behind with only 258 sales now compared to 263 at the end of April 12. Clearly, we’ll easily surpass that and hopefully, continue on with a very successful summer.

If you are unsure as to if now is the best time to buy or sell, or have any questions about these or other Kauai properties, please send me an email. You know that’s why I’m here – to make sure you have the facts before buying or selling. That’s it for this week! Enjoy the picture below of the fabulous sunset we enjoyed yesterday.

Aloha Elaine

Sunset from the lookout by Pali Ke Kua. Stunning!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
Princeville, HI 96722
cell: 808 639 2935
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of Apr 7th to Apr 13th

Sun, 14 Apr 2013 11:20:46 -0700

Aloha,

It was another beautiful week with a brief period of showers this weekend. We were under a flash flood watch Saturday and told to expect heavy thunderstorms but escaped with minimal rain instead. Real estate has been keeping a steady pace, with houses even starting to move. A total of 21 properties Islandwide went into escrow while 37 closed escrow. Is the market moving? Yes, I think so. Take a look at the activity from this past week:

NEW LISTINGS

262658 CND A 5 4-5-3-6-22-67 FS $749,000 Kaiulani #67 1,738 #67 2/2.01
262621 CND A 5 4-5-4-5-18-31 FS $365,000 Puamana #8D 1,298 #8D 2/2.00
262379 CND S 0 4-5-3-6-22-59 FS $719,000 Kaiulani #59 1,892 #59 2/2.01
SOLD 4/8/2013 for $707,000 (CNV) DOM 0

BACK ON THE MARKET

260722 CND A 52 4-5-3-6-22-51 FS $1,238,000 Kaiulani #51 2,443 #51 3/3.01

CONTINGENT SALES

261901 CND C 11 4-5-4-12-9-17 FS $559,000 Pali Ke Kua #139 993 #139 2/1.01
257549 CND C 210 4-5-4-5-23-31 FS $569,000 Plantation #821 1,366 #821 3/3.00

SALES

262379 CND S 0 4-5-3-6-22-59 FS $719,000 Kaiulani #59 1,892 #59 2/2.01
SOLD 4/8/2013 for $707,000 (CNV) DOM 0

258701 CND S 0 4-5-4-5-24-46 FS $389,000 Nihilani #16A 1,406 #16A 2/2.00
SOLD 4/10/2013 for $360,000 (CNV) DOM 0

WITHDRAWN

256413 CND W 257 4-5-3-11-1-1 FS $699,000 Villas On The Prince #1 1,760 #1-1 3/3.00
258194 CND W 159 4-5-3-11-1-6 FS $709,000 Villas On The Prince #6 1,737 #6 3/3.00
258670 CND W 107 4-5-4-12-11-6 FS $1,250,000 Puu Poa #106 2,079 #106 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.

New Listings:

Ka’iulani 67 is a new listing this week with a price of $749K, having last sold for $665K in 6/12. Puamana 8D is back on the market with a new list price of $365K. Purchased as a leasehold in 8/87 for $80K and converted to fee simple in 10/00 for $35,700, this unit was previously listed from 8/06 to 8/07 for $579K and more recently from 8/12 to 1/13 when it was withdrawn while listed for $295K. Remember back when I said once the market turned the sellers would start pricing up – well, take a look at this unit and you’ll see it in action.

Ka’iulani remains on fire, with unit 59 coming on the market priced at $719K and showing as sold for $707K. The purchase price of this unit was $625K in 4/12. This was a super low sale from the developer!

Back on the Market:

Ka’iulani 51 is back on the market after being temporarily withdrawn on 3/21. This townhome sold for $1.6M in 10/09 and is listed for $1.238M.

Contingent:

Ocean view Pali Ke Kua 139 flew off the shelf as many of the ocean view condos are doing these days, going into escrow within 8 days with a list price of $559K. This unit sold for $499K in 6/02. Not much of an increase there. Plantation 821 found a buyer after 205 market days while listed for $569K. This unit sold for $600K in 4/08.

Sales:

As noted in new listings, Ka’iulani 59 came on the market showing as sold. Nihilani 16A, which sold for $346K in 6/10, closed this week for $360K while listed for $389K. This was a 2 bed, 2 bath Moana floor plan.

Withdrawn:

Villas on the Prince 1, priced at $699K, was withdrawn after 257 market days. It sold previously for $986K in 3/06. Also withdrawing from the market is Villas #6 which was priced at $709K. It was listed for 159 days and last sold for $725K in 3/05. Pu’u Po’a 106 came off the market after 107 days while listed at $1.250M. This is a one owner which sold for $189,500 in 9/86.

Price Changes:

Amazingly,there were NO price changes this week.

Now on to your Princeville Kauai home update:

NEW LISTINGS

262581 RES A 5 4-5-4-16-33 FS $705,000 5020 Emmalani Dr 10,500 sqft 2,388 #0 3/3.00
262742 RES A 725 4-5-4-13-59 FS $759,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00

CONTINGENT SALES

260828 RES C 61 4-5-4-7-9 FS $922,000 3924 Namakeha Lp 10,107 sqft 1,576 3/2.00
257443 RES C 180 4-5-4-10-48 FS $1,195,000 5374 Honoiki Rd 10,185 sqft 2,250 3/3.00

SALES

251972 RES S 362 4-5-4-24-6 FS $890,000 4210 Waileia Pl 8,416 sqft 2,526 3/4.00
SOLD 4/10/2013 for $837,500 (CASH, CNV) DOM 362

257588 RES S 79 4-5-4-17-63 FS $897,000 4536 Emmalani Dr 10,563 sqft 2,766 4/3.01
SOLD 4/10/2013 for $860,000 (CASH, CNV) DOM 79

WITHDRAWN

235317 RES W 1010 4-5-3-12-42 FS $990,000 4046 Aloalii Dr 8,041 sqft 1,603 #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.

Some buyers may have already lost out on the opportunity to purchase as they are finding that the very low end properties are either non-existent or they go so fast, they never have a chance to make an offer. Fannie Mae REO’s are usually extremely well priced but generally only allow owner occupants to make offers within the first 15 days on the market. If you think investors ever get a chance at these properties, think again.

You can still get a great buy but you have to be ready to move as soon as the desired property hits the market. Ready to move means you’ve done your homework up front, have gotten most of your questions answered in advance, have your lender lined up and have a pre-qual letter in hand. If you are still looking for someone to help you achieve your goal of buying or selling, please do email me. That’s why I’m here, to turn your real estate dreams into reality.

Aloha Elaine

Beautiful Hanalei Valley

Elaine Schaefer (R) BIC

Broker in Charge – Princeville Resort Office
(R, CRS, GRI, ABR, SFR)
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com
www.KauaiRealEstateNow.com
activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of Mar 31st to Apr 6th

Sun, 07 Apr 2013 23:39:11 -0700

Aloha,

It was a busy week for ocean view condos – two new units came on the market and three closed – all ocean view. They are flying off the shelves – take a look:

NEW LISTINGS

262592 CND A 0 4-5-4-5-12-19 FS $389,000 Sealodge #H1 556 #H1 1/1.00
261901 CND A 4 4-5-4-12-9-17 FS $559,000 Pali Ke Kua #139 993 #139 2/1.01

SALES

259556 CND S 57 4-5-4-5-12-22 FS $349,000 Sealodge #H4 567 #H4 1/1.00
SOLD 4/2/2013 for $340,000 (CNV) DOM 57

259205 CND S 55 4-5-4-12-9-28 FS $559,000 Pali Ke Kua #238 993 #238 2/2.00
SOLD 4/2/2013 for $559,000 (CNV) DOM 55

253480 CND S 90 4-5-4-5-16-20 FS $675,000 Alii Kai #3104 1,085 #3104 2/2.00
SOLD 4/1/2013 for $612,000 (CASH) DOM 90

WITHDRAWN

255259 CND W 289 4-5-4-5-3-25 FS $335,000 Paniolo #213 1,058 #213 1/2.00

PRICE CHANGES

259607 CND A 64 4-5-4-5-18-97 FS $459,999+ Puamana #26D 1,298 #26D 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.

New Listings:

Sealodge H1 is new on the market priced at $389K after selling as a Fannie Mae REO in 12/10 for $270K. Ocean view Pali Ke Kua 139 is now on the market for $559K after selling for $499K in 6/02. It was first listed from 9/08 to 4/09 for $799K but was withdrawn and again from 12/09 to 9/12 during which time it started at $699K reducing to $499K by the end of the listing

Sales:

Sealodge H4 yielded capital gains, with a sale price of $340K and a prior purchase price of $50,900 in 11/77. Ocean view Pali Ke Kua 238 sold for the list price of $559K. It was previously a leasehold unit which sold for $369K in 5/04 and then converted to fee simple in 10/11 for $40K. Ocean view Ali’i Kai 3104 closed for $612K cash after being listed for $675K. This unit also had nice capital gains having sold for $170K in 6/95.

Withdrawn:

Paniolo 213 was withdrawn after 289 days priced at $335K. This upstairs unit sold for $118K in 3/00.

Price Changes:

Puamana 26D posted a price increase from $449,999 to $459,999. This unit last sold for $385K in 11/08.

Now on to your Princeville Kauai residential update:

NEW LISTINGS

262443 RES A 5 4-5-3-12-2 FS $2,500,000 4049 Aloalii Dr 8,641 sqft 3,238 3/3.01
262574 RES A 1 4-5-4-9-50 FS $749,000 5295 Pokii Ln 10,831 sqft 1,312 2/2.00

CONTINGENT SALES

253755 RES C 300 4-5-4-13-11 FS $795,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00

SALES

261001 RES S 3 4-5-4-21-6 FS $799,000 3730 Albert Rd 14,367 sqft 1,985 3/3.00
SOLD 4/3/2013 for $789,000 (CNV) DOM 3

WITHDRAWN

256428 RES W 188 4-5-4-17-27 FS $895,000 4830 Emmalani Dr 10,143 sqft 2,355 3/2.01

PRICE CHANGES

258386 RES A 142 4-5-3-12-17 FS $1,650,000- 3963 Aloalii Dr 9,316 sqft 3,247 2/2.01

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

Here we are on April 7th and we already have 24 sales Islandwide for the month. Last April there were a total 72 sales. Think we’ll do better this April? I think so. If you want to talk about the market or need the facts before buying or selling, please do not hesitate to email me. That’s why I’m here.

Aloha Elaine

If you’ve been following my blog for long, you know I love the hibiscus. This was after a brief shower.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Kauai 2013 March Market Statistics

Tue, 02 Apr 2013 18:29:06 -0700

Aloha,

Despite doubts from the naysayers, I’m still of the opinion that things are on the upswing and will continue to go that way. Now that’s not to say that there won’t be plateaus and the occasional well priced foreclosure or short sales, but I am seeing more and more “regular” properties come on that are selling very well. This past Mar 13 had a total of 73 sales, which is a 9% increase over Mar 12 with 67. Going back 6 years, there was only one Mar which had more sales, a total of 75, which was Mar 11.

Due to a slow start this year, we only have 183 sales so far compared to 191 for this time last year. Again, the high “year to date” within the last 6 years is Mar 11 with 197.

Sales volume stayed pretty steady, with $38,622,150 in sales for Mar 12 and $38,211,757 for Mar 13 which is a mere 1% decrease. Mar 08 had the highest sales volume with $53,639,200 within the last 6 years while the lowest was Mar 09 with only $23,249,955.

Year to date we are pulling ahead, going from $106,125,860 in sales for Mar 12 up to $113,747,548 for this Mar. The high year was Mar 08 with $153,001,400. The low was Mar 09 which only had $58,344,624.

Median sales price is, amazingly, almost the same, with $491,500 for residential in Mar 12 compared to $491,250 for Mar 13. Condos had a nice bump up going from a median of $285K in Mar 12 to $395K in Mar 13. If you want to see the full three page MLS Statistical report, click here to view it on my website where I post it each month.

Questions? You know who to ask. I’m here to make sure you have the facts before buying or selling.

Aloha Elaine

Beautiful Bali Hai after the rain has cleared.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

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

Sun, 31 Mar 2013 12:13:05 -0700

Aloha,

Happy Easter! Although it looks nice and sunny today, overall it was another wet, windy and c–o–l–d week. Ask anyone – temps in the mid 50′s at night is cold here. Throw in some gusty winds and driving rain and you’ll see us all in jeans, sweatshirts and jackets- big puffy jackets. Yes, we may be wimps be we’re warm wimps.

Overall, March held its own, with 73 sales compared to 67 for last March. There still may be a few that closed Friday but have not yet been recorded in the MLS. This past week was a little on the slow side, perhaps due to the weather or the fact that it was Easter week. There were several new condo listings, only one sale, and surprisingly, not even one price reduction in either condos or homes. Take a look for yourself:

NEW LISTINGS

262212 CND A 4 4-5-4-5-39-77 FS $549,990 Cliffs #3301 1,186 #3301 2/2.00
261921 CND A 4 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01
262276 CND A 6 4-5-4-6-1-45 FS $769,000 Villas Of Kamalii #45 1,825 #45 3/3.00
260780 CND S 0 4-5-4-5-18-53 FS $549,000 Puamana #15A 1,419 #15A 3/3.00
SOLD 3/27/2013 for $549,000 (CNV) DOM 0

SALES

260780 CND S 0 4-5-4-5-18-53 FS $549,000 Puamana #15A 1,419 #15A 3/3.00
SOLD 3/27/2013 for $549,000 (CNV) DOM 0

WITHDRAWN

257161 CND W 206 4-5-4-5-30-13 FS $450,000 Mauna Kai #F23 1,478 #F23 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.

New Listings:

Top floor end unit Cliffs 3301 is one the market priced at $549,990. This unit sold as a leasehold in 2/81 for $176,600 and was converted to fee simple in 2/97 for $38K. It was previously listed from 7/03 to 1/06 starting at $495K and moving up to $545K. Hanalei Bay Villas 4 is back on the market priced at $699K. Purchased in 7/08 for $845K, this free standing condo was listed once before from 3/12 to 12/12 for $699K.

Villas of Kamali’i 45 is on the market with a price of $769K. Purchased in 9/07 for $850K, this townhome was on the MLS from 4/10 to 1/11 starting at $859K and reducing to $847K when it was withdrawn. Puamana 15A came back on the market showing as sold for $549K. This golf course view three bedroom unit was purchased previously for $395K in 3/11. It had been listed briefly before for 23 days in 10/12 at the same price.

Sales:

As noted under new listings, Puamana 15A sold for $549K.

Withdrawn:

Mauna Kai 9, priced at $450K was withdrawn from the market. This unit last sold for $570Kin 12/06.

Now on to your Princeville Kauai home update:

BACK ON THE MARKET

258937 LND, MTF, RES A 104 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00

SALES

260596 RES S 6 4-5-4-20-3 FS $1,347,000 5121 Kapiolani Lp 30,742 sqft 1,989 3/2.01
SOLD 3/28/2013 for $1,300,000 (CASH, CNV) DOM 6

WITHDRAWN

254787 RES W 97 4-5-4-23-35 FS $509,900 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.

Year to date, there have been 183 sales compared to 191 this time last year but I’m convinced we’ll more than catch up and surpass that number as the months go by. If you are hoping to purchase your piece of paradise, the best thing you can do is to get prequalified with a local lender.

The good properties go fast and if you’re not sure of your financial ability and don’t have financing in place, you could lose out to a more prepared buyer. If you need help negotiating the buying or selling process, or have any questions about these or any other properties, you know who to ask. Just email me, that’s why I’m here – so you have the facts before buying or selling.

Enjoy your beautiful Easter Sunday.

Aloha Elaine

Here’s a real Easter “peep” for you. I may have forgotten to mention Kauai has wild chickens all over the Island. This little peep was running to catch up with the mother hen.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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………

Princeville Kauai condo (and house) + short sale update for the week of Mar 17th to Mar 23rd.

Sun, 24 Mar 2013 11:59:56 -0700

Aloha,

It’s been a busy week for Ka’iulani – the developer is really moving these units after holding onto them for several years. You’ll see them in every category – New Listings, Contingent, Sales and more. Take a look for yourself:

NEW LISTINGS
262145 CND A 4 4-5-3-6-22-63 FS $789,000 Kaiulani #63 1,892 #63 2/2.01
262210 CND A 2 4-5-3-6-22-49 FS $1,195,000 Kaiulani #49 2,479 #49 3/3.00

CONTINGENT SALES
254197 CND C 327 4-5-3-6-22-55 FS $1,099,000 Kaiulani O#55 2,479 #55 3/3.00

SALES
261433 CND S 12 4-5-3-6-22-1 FS $1,250,000 Kaiulani #1 2,843 #1 3/3.01
SOLD 3/18/2013 for $1,195,000 (CASH) DOM 12

EXPIRED
257643 CND X 181 4-5-4-12-11-17 FS $1,295,000 Puu Poa #203 1,352 #203 2/2.00

WITHDRAWN
253709 CND W 294 4-5-4-12-11-9 FS $1,200,000 Puu Poa #109 1,646 #109 2/2.00

TEMPORARILY WITHDRAWN
260722 CND T 50 4-5-3-6-22-51 FS $1,238,000 Kaiulani #51 2,443 #51 3/3.01

PRICE CHANGES
256024 CND A 239 4-5-3-11-1-7 FS $729,999- Villas On The Prince #7 1,732 #7 3/3.00
254198 CND A 327 4-5-3-6-22-53 FS $1,249,000+ Kaiulani #53 2,443 #53 3/3.01
261359 CND A 32 4-5-4-5-3-4 FS $209,900- Paniolo #104 1,058 #104 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.

New Listings:
Ka’iulani 63 is back on the market priced at $789K after selling for $642K in 12/12. Ka’iulani 49 is a developer’s unit, now priced at $1.195M after being as high as $1.749M back in 06.

Contingent:
Ka’iulani 55, one of the developer’s units priced at $1.099M went into escrow.

Sales
The developer’s Ka’iulani 1, sold for $1.195M cash while listed for $1.250M.

Expired:
Pu’u Po’a 203 expired after 181 days priced at $1.295K. This unit was purchased for $960K in 4/04.

Withdrawn:
P’uu Po’a 109 was withdrawn while listed for $1.2M. It was purchased for $949K in 3/04.

Temporarily Withdrawn:
Ka’iulani 51, priced at $1.238M was temporarily withdrawn from the market. This unit sold for $1.6M in 10/09.

Price Changes:
Villas on the Prince 7 which was purchased for $625K in 6/03, reduced from $779K to $729,999. The developer’s Ka’iulani’s are selling so well the price on unit 53 was increased from $1.199M to $1.249M. Bank REO Paniolo 104 had a price reduction from $219,900 to $209,900. It was purchased for $240K in 9/03 and taken over by the bank on 2/13.

Now on to your Princeville Kauai single family residence update:

BACK ON THE MARKET
253755 RES A 286 4-5-4-13-11 FS $795,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00

CONTINGENT SALES
254734 RES C 300 4-5-4-24-5 FS $749,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01

SALES
244139 RES S 686 4-5-4-20-26 FS $855,000 5145 Iolani Pl 10,995 sqft 2,704 3/3.00
SOLD 3/18/2013 for $779,000 (CASH) DOM 686

WITHDRAWN
244030 RES W 286 4-5-4-8-19 FS $755,000 5056 Kamamalu Loop 11,472 sqft 1,907 3/2.00

PRICE CHANGES
243818 RES A 733 4-5-3-12-33 FS $1,349,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01
253755 RES A 286 4-5-4-13-11 FS $795,000- 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00

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

The market seems to be moving along at a steady pace. Last March there were a total of 67 sales. As of today there have been 53 sales, 207 properties Island wide are currently in escrow and 28 more showing as “under contract.” If you have any questions about these properties or any other property on Kauai, please do not hesitate to send me an email. That’s why I’m here, so you get the facts before buying or selling. Please let me know if I can be of assistance.

Aloha Elaine

Another beautiful sunset.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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
Soldonkauai@yahoo.com
www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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

Princeville Kauai condo (and house) + short sale update for the week of Mar 10th to Mar 16th

Sun, 17 Mar 2013 11:46:00 -0700

Aloha,

Happy St. Patrick’s day to you! It’s been a mixed bag this week when it comes to the weather with everything from bright warm sunshine the beginning of the week to huge raindrops and a cold front at the end. It’s beautiful today but only 61 degrees at the moment which is cold for those of us with ‘thin blood.” Standy by, however as low 80′s are forecast mid afternoon with more rain coming by day’s end.

Despite the changing weather, we had quite a bit of condo activity this week with 5 condos going into escrow, 3 of which are Ka’iulani units. We’ve had 39 sales so far this year, which is over halfway to last March’s total of 67 sales. Take a look at the activity this week:

NEW LISTINGS
261939 CND A 4 4-5-3-6-22-7 FS $1,549,000 Kaiulani #7 2,864 #7 3/3.01
262011 CND A 2 4-5-4-5-24-102 FS $569,000 Nihilani #34C 1,972 #34C 3/3.00

CONTINGENT SALES
261403 CND C 12 4-5-3-6-22-65 FS $759,000 Kaiulani #65 1,892 #65 2/2.01
261735 CND C 8 4-5-3-6-22-54 FS $1,099,000 Kaiulani #54 2,479 #54 3/3.00
253361 CND C 314 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01
257991 CND C 162 4-5-4-5-23-14 FS $389,000 Plantation 412 1,153 #412 2/2.00
253480 CND C 102 4-5-4-5-16-20 FS $675,000 Alii Kai #3104 1,085 #3104 2/2.00

SALES
257008 CND S 1 4-5-4-15-21-19 FS $199,000 Sandpiper #119 1,042 #119 2/2.00
SOLD 3/15/2013 for $212,000 (CASH) DOM 1

259662 CND S 58 4-5-4-12-9-9 FS $439,000 Pali Ke Kua 13 1,135 #13 2/2.00
SOLD 3/14/2013 for $425,000 (CASH) DOM 58

258936 CND S 42 4-5-4-5-24-9 FS $565,000 Nihilani #3C 1,874 #3C 3/2.01
SOLD 3/11/2013 for $525,000 (CNV) DOM 42

250482 CND S 373 4-5-4-6-1-2 FS $662,000 Villas Of Kamalii #2 1,766 #2 3/3.00
SOLD 3/15/2013 for $655,000 (CNV) DOM 373

PRICE CHANGES
255479 CND A 266 4-5-4-11-3-119 FS $495,000+ Hanalei Bay Resort #T33 867 #2305-6 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.

New Listings:
Another developer Ka’iulani came on the market; the market, unit 7 which is priced at $1.549M. This townhome has been as high as $1.950M when it was in the preconstruction phase in 06, and as low as $1.395M, when the market was still trending down, from 2/11 to 9/11. Nihilani 34C is new on the market after selling from the developer $650K in 5/09. It is priced at $569K.

Contingent:
Ka’iulani 65, a resale which sold for $855K in 3/08 and the developer’s Ka’iulani 54, both went into escrow this week. Unit 65 found a buyer in 7 days priced at $759K while unit 54 took only 3 days while priced at $1.099M. Ka’iulani 8, a resale which sold for $939,420 in 3/08, was withdrawn from the market on 3/4 but came back on today showing as in escrow.

Plantation 412 fell out of escrow last week and went right back in this week. This unit was purchased from the developer in 8/05 for $405K and is priced at $389K. Ocean view Ali’i Kai 3104 priced at $675K went into escrow after only 98 days. This ground floor condo sold for $170K in 6/95.

Sales:
Villas of Kamali’i 2 sold for $655K while listed for $662K. This townhome last sold for $640 in 5/04. Sandpiper 119 closed rather quickly for a short sale. It went into escrow on 1/30 and took only a month and a half which is great. This unit sold for $389K in 6/04 and was priced at a very attractive $199K when it came on the market. It sold for $212K cash. Pali Ke Kua 13 sold for $425K while priced at $439K. It was purchased for $116,500 in 3/96. Nihilani 3C, priced at $565K closed this week for $525K. This Makai townhome sold for $842,655 from the developer in 1/07.

Price Changes:
There is only one price change this week and it’s an increase from $425K to $495K for Hanalei Bay Resort 2305/06. Purchased in 6/03 for $379,367, this unit came on the market at $495K and previously reduced from $495K to $424K in 7/12.

Now on to your Princeville Kauai single family residence update:

NEW LISTINGS
261807 RES A 5 4-5-4-18-61 FS $845,000 4178 Kamalani Ln 11,567 sqft 2,322 4/2.01

BACK ON THE MARKET
44030 RES A 283 4-5-4-8-19 FS $755,000 5056 Kamamalu Loop 11,472 sqft 1,907 3/2.00

TEMPORARILY WITHDRAWN
253755 RES T 282 4-5-4-13-11 FS $845,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00

PRICE CHANGES
259959 RES A 73 4-5-4-17-18 FS $879,000- 4944 Emmalani Dr 10,500 sqft 2,100 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.

As you can see, it was a busy week for condos but not so much for homes. As of today, there are only 29 active homes, and of those, only 1 is priced in the $500K’s and 1 in the $600K’s. There are 5 in the $700K’s, and 4 each in the $800K’s and $900K’s. It’s all uphill from there. As for condos, we have 51 active listings, with only 1 priced in the $200K’s. There are 7 condos in the $300K’s, 9 priced in the $400K’s and it goes up from there.

As I keep saying, pricing seems to have leveled off at a minimum and is trending upwards in most cases. Overall, we’re seeing fewer price reductions, especially in condos. If you are hoping to find your piece of paradise, there’s still time but you have to be ready to buy when your feet hit the ground. If you have questions about these or any other Kauai properties, please don’t hesitate to ask. That’s why I’m here, so you get the facts before buying or selling. By the way, in the time it took me to finish up this blog, the weather went from bright and sunny to an absolute downpour. Gotta love it!

Aloha Elaine

It was a beautiful sunny and breezy afternoon at the Cliffs yesterday.

The water was choppy and turbulant.

..and we had the most fabulous colors at sunset!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Mar 3rd to Mar 9th

Sun, 10 Mar 2013 13:17:51 -0700

Aloha,

It was another busy condo week, (not so much so for houses) with the developer finally reducing pricing on the remaining Ka’iulani inventory so that it seems to be flying off the shelves. You’ll see several new Ka’iulani listing, as well as two that went into escrow along with miscellaneous activity throughout the resort. Plantation 412 is back on the market priced in the $300K’s so if you missed it the first time you have another chance at this downstairs unit. Here is your Princeville Kauai condo update for this past week:

NEW LISTINGS

261403 CND A 6 4-5-3-6-22-65 FS $759,000 Kaiulani 65 1,892 #65 2/2.01
261240 CND A 2 4-5-3-11-1-19 FS $775,000 Villas On The Prince #19 1,732 #19 3/3.00
261735 CND A 2 4-5-3-6-22-54 FS $1,099,000 Kaiulani 54 2,479 #54 3/3.00
261657 CND A 3 4-5-4-5-7-34 FS $439,000 Sealodge #D5 570 #D5 1/1.00
261697 CND A 4 4-5-4-11-3-15 FS $995,000 Hanalei Bay Resort #C25 1,705 #4204/5/6 3/3.00
261730 CND C 5 4-5-3-6-22-52 FS $1,099,000 Kaiulani 52 2,479 #52 3/3.00

BACK ON THE MARKET

257991 CND A 156 4-5-4-5-23-14 FS $389,000 Plantation 412 1,153 #412 2/2.00

CONTINGENT SALES

261730 CND C 5 4-5-3-6-22-52 FS $1,099,000 Kaiulani 52 2,479 #52 3/3.00

SALES

260071 CND S 2 4-5-4-5-4-10 FS $325,000 Mauna Kai #10A 1,503 #10A 2/2.00
SOLD 3/4/2013 for $325,000 (CNV) DOM 2

259961 CND S 2 4-5-4-12-2-30 FS $335,000 Hale Moi #210 1,033 #210 1/2.00
SOLD 3/8/2013 for $322,500 (CASH) DOM 2

UNDER CONTRACT

261433 CND U 12 4-5-3-6-22-1 FS $1,250,000 Kaiulani 1 2,843 #1 3/3.01

WITHDRAWN

253361 CND W 312 4-5-3-6-22-8 FS $1,225,000 Kaiulani 8 2,864 #8 3/3.01
246320 CND W 766 4-5-4-5-18-89 FS $285,000 Puamana #24D 1,298 #24D 2/2.00

PRICE CHANGES

260318 CND A 52 4-5-3-6-22-3 FS $1,479,000+ Kaiulani 3 2,843 #3 3/3.01

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

New Listings:
Ka’iulani 65 is new on the market at a great low price of $759K. This unit was purchased from the developer for $855K in 3/08. Villas on the Prince 19 has returned to the market with a list price of $775K after being purchased for $520K in 6/02. This townhome was previously listed from 1/09 to 1/10 starting at $850K and reducing to $844K and again from 9/11 to 11/12 starting at $875K and ending at $689,999.

Ka’iulani 54, one of the developer’s units, is back on the market priced at $1.099M. This unit has been previously priced at $1.7M. Sealodge D5 is new listed at $439K. This top floor unit sold for $525K in 12/04 and was previously listed from 6/08 to 4/10 starting at $775K reducing to $649K when it expired.

Hanalei Bay Resort 4204-5-6 is back on the market at a new price of $995K 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 for $1.225M, from 5/11 to 12/11 for $1.175M and from 2/12to 12/12 starting at $1.175M and reducing to $997,500.

Ka’iulani 52, one of the developer’s remaining units, is back on the market priced very attractively at $1.099M. This unit has been listed since 2006 and has gone as high as $1.750M. This unit went very quickly into escrow within 2 days and is seen under the contingent part of this report.

Back on the Market:
Plantation 412 fell out of escrow after going under contract on 1/2/13. This downstairs unit is priced at $389K and sold for $405K in 9/05 from the developer.

Contingent:
Ka’iulani 52 is in escrow as noted above.

Sales:
Highly upgraded Mauna Kai 10A sold for the list price of $325K. It was previously purchased for $289K in 8/03. Hale Moi 210 went into escrow within 2 days of being listed, and closed this week for $322,500 cash while listed for $335K. Unit 210 sold for $140K in 9/99.

Under Contract:
The developer’s Ka’iulani 1 which came on the market 12 days ago went quickly under contract while priced at $1.250M.

Withdrawn:
Ka’iulani 8 was withdrawn after 312 market days. Priced at $1.225M this townhome was purchased from the developer in 3/08 for $1,939,420. Puamana 24D priced at $285K was withdrawn after 766 days on the market. It last sold for $268K in 9/03.

Price Changes:
The developer’s Ka’iulani 3 increased in price from $1.350M to $1.479M. Now on to your Princeville Kauai single family home update:

SALES

260234 RES S 4 4-5-4-23-70 FS $650,000 3788 Mapuana Pl 7,022 sqft 1,270 #0 3/2.00
SOLD 3/6/2013 for $608,000 (Veteran’s Administration (VA)) DOM 4

EXPIRED
258937 LND, MTF, RES X 101 4-5-4-6-14 FS 554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00

PRICE CHANGES
235317 RES A 981 4-5-3-12-42 FS $990,000- 4046 Aloalii Dr 8,041 sqft 1,603 #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.

As you can see, there wasn’t much activity in the single family homes, and no new listings. Our single family home inventory is down to 29 active listings as of today, which is good for sellers but has created an increasingly competitive market for buyers. You’ll notice that as well priced properties come on the market, they are in escrow in a flash.

Right now there are only 53 active condo listings, and only one of those is priced in the $200K’s. There are eight units in the $300K’s and nine in the $400K’s. The rest go up from there, topping out at $1.8M. You may not have missed the boat yet, but I will say, the boat is harder to catch these days. There are still good buys coming on the market but you have to be ready to move NOW when they do. If you are interested in any of these properties or any properties in Kauai, please do not hesitate to send me an email. That’s why I’m here – to make your real estate dreams come true. Have a great week!

Aloha Elaine

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Kauai 2013 February Market Statistics

Wed, 06 Mar 2013 17:51:44 -0800

Aloha,

Feb 13 didn’t outperform Feb 12 in terms of number of sales, coming in with exactly the same number, which is 61. Residential was down slightly with 24 sales compared to 35 last Feb, while vacant land shot up from 6 to 13. Condos remained steady rising just one digit going from 20 in Feb 12 to 21 in Feb 13. Three commercial properties sold compared to none for last Feb. Within the last 6 years, only Feb 11 had more sales with 64 while the low was an amazingly low 26 in Feb 09 – so we are making some progress.

Year to date we are slightly behind the curve, with 124 sales at this time last year compared to 110 year to date this Feb. This represents an 11% decline. Once again, within the last 6 years the low year to date was 09 with only 46 sales while the high year to date was Feb 12 with 124 sales.

Sales volume tells a different story, with $42,739,341 worth of property changing hands this past month compared to $36,584,210 for Feb 12 which is a 17% increase. Year to date sales volume is also slightly up by 12% going from $67,503,710 in 12 to $75,535,791 at this point in time.

Median sales price is up for residential gong from $449,000 in 12 to $512,400 for this past Feb, land went from $261,000 to $290,00 while condos went down from $312,500 to $225,000. Remember these are median and not average prices.

To view the full MLS Statistical report, please go to my website and Click here where I post it each month.

If you have questions or concerns, please do not hesitate to email me – that’s why I’m here.

Aloha Elaine

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Feb 24th to Mar 2nd

Sun, 03 Mar 2013 12:36:28 -0800

Aloha,

Although it doesn’t look like a lot of activity this week, we do have two new listing, two new escrows and two sales. There’s an interesting shortage of price reductions; only one this week, perhaps indicative of the rising market. Feb 13 matched Feb 12 with 61 sales but the sales volume increased by 17% from $36M to $42M. Here’s your update for this week:

NEW LISTINGS

261347 CND A 1 4-5-4-5-12-6 FS $399,000 Sealodge #F6 567 #F6 1/1.00
261551 CND A 1 4-5-4-5-18-51 FS $430,000 Puamana #14C 1,298 #14C 2/2.00

CONTINGENT SALES

259066 CND C 95 4-5-4-6-1-34 FS $625,000 Villas Of Kamalii #34 1,825 #34 3/3.00
261337 CND C 11 4-5-4-12-5-29 FS $899,000 Pali Ke Kua #211C 1,127 #211C 2/2.00

SALES

244035 CND S 642 4-5-3-6-22-5 FS $1,295,000 Kaiulani #5 2,843 #5 3/3.01
SOLD 3/1/2013 for $1,200,000 (CASH, CNV) DOM 642

255664 CND S 164 4-5-4-5-12-13 FS $349,000 Sealodge #G4 67 #G4 1/1.00
SOLD 2/27/2013 for $295,000 (CASH) DOM 164

EXPIRED

257476 CND X 171 4-5-4-5-17-12 FS $319,000 Alii Kai #9D 1,020 #9D 2/2.00

PRICE CHANGES

236681 CND A 969 4-5-4-5-39-175 FS $779,000- Cliffs 8201 963 #8201 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.

New Listings:

Ocean view Sealodge F-6, a successful vacation rental, is new on the market listed at $399K. This unit last sold for $565K in 12/05. It was completely renovated in 2011 with new furnishings, paint, carpet and appliances and is ready to be your home or continue as a vacation rental. Puamana 14c sold as a leasehold unit in 3/92 for $150K and converted to fee simple in 8/00 for $35,700. This new listing is priced at $430K.

Contingent:

Hanalei Bay View Pali Ke Kua 211 went into escrow while priced at $899K after only 9 market days. This unit sold for $285K in 2/97. Villas of Kamali’i 34 was purchased for $670K in 12/04 and found a buyer while listed for $625K.

Sales:

Ka’iulani 5 was purchased from the developer in 4/08 for $1,765,990 and sold this week for $1.2M cash while listed for $1.295M. Sealodge G4 was listed for $349K and closed for $295K cash this week. It sold for $385K in 11/03.

Expired:

Ali’i Kai 9D expired with a list price of $319K. It last sold for $107K in 10/98.

Price Changes:

Second floor Cliffs 8201 reduced from $895K to $779K. This end unit has almost 360 ocean views off both the front and back lanais, as well as the side windows. I believe it holds the record of the highest ever purchase price in the Cliffs at $1.075M in 4/06. Now on to your Princeville Kauai single family home update:

BACK ON THE MARKET

244136 RES A 688 4-5-4-13-59 FS $759,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00

CONTINGENT SALE

261163 RES C 1 4-5-4-9-6 FS $799,999 4197 Liholiho Rd 10,657 sqft 1,852 3/2.00

WITHDRAWN

255150 RES W 268 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/4.01

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

Like I said, it was a pretty “short” week in terms of the actual update but I’m expecting the interest and activity in the market to continue. Kauai is one of the most beautiful places in the world and Hawaii was determined to be the “Happiest” state in the US by a University of Vermont study. The study was based on “geotagging” tweets. A number of happy and sad words were weighted and calculated, and Hawaii ranked as the happiest state thanks to an abundance of relatively happy words such as “beach,” “rainbow,” and food-‐‑related words.

However, I have to say it again, please be careful when visiting, especially if you are in the ocean during the winter months. I’m saddened to report that yet another life was lost by drowning this past week, and before that a woman was swept to her death while trying to cross the Hanakapi’ai River on the way of out Hanakapi’ai Beach. I think that brings our total thus far to 8.

The mantra of our ocean safety experts is “when in doubt don’t go out” but I would have to say, don’t go into the water this time of year unless there is a lifeguard present. That may seem like extreme advice to some people but clearly, those who drown were either victims of circumstance or they underestimated their ability. Please do be careful out there – sometimes the best way to enjoy the ocean is from the distance.

If you have any questions about how to locate a beach with a lifeguard or just need information before you buy or sell, please do not hesitate to email me. I’m here to give you the facts – and to help you stay safe while on our beautiful Island.

Aloha Elaine

This is the coastline view from the Sealodge condos. Spectacular.

You can see how close to the edge some of these Sealodge buildings are.

Reef area in front of Sealodge condos.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Feb 17th to Feb 23rd

Sun, 24 Feb 2013 11:59:44 -0800

Aloha,

We’ve continued to have a mixed bag of weather this week, at least up on the North Shore. My hubby was on the westside early in the week and he reported blue skies and sunshine. However, on this end it’s been a sun out, sun in, clouds, rain, blowing horizontal rain then sun out, sun in, etc throughout the day. Definitely cold too by Kauai standards. No, I don’t expect any sympathy given what is going on in the mainland but still – all the locals are bundled up in sweatshirts and jeans.

I’m not sure if it’s because of the weather or despite the weather, but the buyers and sellers have certainly been out there. Islandwide, 12 new homes and 10 new condos came onto the market; 17 homes and 11 condos either went into escrow or under contract and 7 homes and 15 condos sold this week. Take a look at what happened in Princeville this past week:

NEW LISTINGS

261433 CND A 1 4-5-3-6-22-1 FS $1,250,000 Kaiulani #1 2,843 #1 3/3.01
261359 CND A 4 4-5-4-5-3-4 FS $219,900 Paniolo #104 1,058 #104 1/2.00
261373 CND A 1 4-5-4-5-18-90 FS $403,000 Puamana #25A 1,214 #25A 2/2.00
261337 CND A 4 4-5-4-12-5-29 FS $899,000 Pali Ke Kua #211 1,127 #211 2/2.00

BACK ON THE MARKET

254962 CND A 256 4-5-4-5-12-3 FS $429,000 Sealodge #F3 556 #F3 1/1.00

CONTINGENT SALES

228849 CND C 1208 4-5-4-5-23-25 FS $425,000 Plantation #711 1,153 #711 2/2.00
257965 CND C 143 4-5-4-6-1-40 FS $695,000 Villas Of Kamalii 40 1,825 #40 3/3.00

UNDER CONTRACT

255664 CND U 164 4-5-4-5-12-13 FS $349,000 Sealodge #G4 567 #G4 1/1.00

WITHDRAWN

1204651 CND W 299 4-5-3-6-22-8 FS $1,225,000 Ka’iulani #8 2,864 #8 3/3.01
245906 CND W 351 4-5-3-6-22-29 FS $1,325,000 Kaiulani #29 2,864 #29 3/3.01

PRICE CHANGES

249128 CND A 492 4-5-4-5-39-55 FS $339,000+ Cliffs #2305 1,137 #2305 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.

New Listings:

The developer’s Ka’iulani 1 is on the market priced at a new low of $1.250M. Back in 12/06, when this townhome first came on the market, it was priced at $1.8M until it expired in 8/07. It was then listed from 6/10 to 9/11, starting at $1.495M and ending at $1.395M.

Paniolo 104 is now a bank owned property with a list price of $219,900. This unit sold for $240K in 9/03 and was foreclosed on in 2/13 by FNMA. It has been listed 6 times by various agents almost continuously since 2005, going as low at one point to $150K.

Completely remodeled Puamana 25A is priced at $403K after selling for $490K in 2/07. Hanalei Bay / Bali Hai / Ocean view Pali Ke Kua 211 is new on the market priced at $899K after selling for $285K in 7/97.

Back on the Market:

Sealodge F4 is back on the market after being temporarily withdrawn on 2/4. This unit, which is priced at $429K last sold for $125K in 5/99.

Contingent:

Finally, Plantation 711 found a buyer after 1207 days on the market. Currently priced at $425K, this unit sold for $455,402 in 9/05. Villas of Kamali’i 40 was priced at $695K when it went into escrow this week. This was clearly a prudent purchase back in 7/11 when the current owners paid an amazing $530K for it as a short sale.

Under Contract:

Sealodge G4 moved from contingent to under contract. Priced at $349K, this unit was purchased for $385K in 11/03.

Withdrawn:

Ka’iulani 8, priced at $1.225Mwas withdrawn after being on the market for 299 days. This unit was purchased from the developer for $1,939,420 in 3/08. Ka’iulani 29 was withdrawn from the market while priced at $1.325M after 351 active days. It sold from the developer in 7/07 for $1,825,850.

Price Changes:

Short sale Cliffs 2305 saw a $40K price increase up to up to $339K. This third floor unit was purchased for $680K in 6/06.

Now let’s take a look at the Princeville Kauai single family residence activity:

NEW LISTINGS

261163 RES A 4 4-5-4-9-6 FS $799,999 4197 Liholiho Rd 10,657 sqft 1,852 3/2.00
261469 RES A 0 4-5-4-7-11 FS $1,150,000 3916 Namakeha Lp 10,066 sqft 2,628 3/3.01
261363 RES A 1 4-5-4-8-52 FS $2,175,000 3781 Punahele Rd 13,902 sqft 3,802 5/4.01

CONTINGENT SALES

244139 RES C 692 4-5-4-20-26 FS $855,000 5145 Iolani Pl 10,995 sqft 2,704 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.

Overall, there have been 44 sales as of today compared to 61 for Feb 12, however, sales volume is very close, with $36K sold in Feb 12 compared to $35K sold so far this month. What that says to me is that pricing is improving which is great for sellers. If you’re one of those buyers that’s been sitting on the sidelines waiting for the “market bottom,” you may very well have missed it. Yes, there are still some good buys to be had but they are going much quicker than before and they are not as plentiful.

Please email me for the facts before buying or selling – that’s why I’m here. Your education is my top priority so you are equipped to make the best buying or selling decision possible.

Aloha Elaine

If you’ve ever seen a Tabora painting, then you know these trees must have been one of his “models."

Looks like there used to be a pier or something here – but I love the colors of blue.

What a great location!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Feb 10th to Feb 16th

Mon, 18 Feb 2013 14:31:54 -0800

Aloha,

Hope everyone enjoyed Valentine’s Day. We certainly did- but more on that later. Take a look at all the activity this past week! Seven new escrows in one week is more than we’ve seen in awhile – and take a look at the price point. If things keep going this way, the era of Princeville condos priced in the $200K’s and $300K’s will be but a memory come summer. Even the single family homes are moving; of the three that came on the market this week two are already in escrow. Here is your update:

NEW LISTINGS
261197 CND A 3 4-5-4-11-3-29 FS $719,000 Hanalei Bay Resort #H23 1,324 #H23 2/2.00

CONTINGENT SALES
246638 CND C 577 4-5-4-15-21-40 FS $220,000 Sandpiper #203 1,173 #203 2/2.01
256825 CND C 181 4-5-4-5-7-12 FS $235,000 Sealodge #B4 564 #B4 1/1.00
260766 CND C 18 4-5-4-12-2-6 FS $269,000 Hale Moi #106 1,033 #106 2/2.00
259556 CND C 62 4-5-4-5-12-22 FS $349,000 Sealodge Ii #H4 567 #H4 1/1.00
256338 CND C 67 4-5-4-5-15-1 FS $429,000 Paliuli #1 1,337 #1 2/2.00
259662 CND C 62 4-5-4-12-9-9 FS $439,000 Pali Ke Kua 13 1,135 #13 2/2.00
250482 CND C 379 4-5-4-6-1-2 FS $662,000 Villas Of Kamalii #2 1,766 #2 3/3.00

SALES
260606 CND S 3 4-5-3-6-22-2 FS $1,350,000 Kaiulani #2 2,843 #2 3/3.01
SOLD 2/14/2013 for $1,305,000 (CASH) DOM 3

243060 CND S 496 4-5-4-15-21-59 FS $249,000 Sandpiper \#222 1,173 #222 2/2.01
SOLD 2/14/2013 for $229,000 (CNV) DOM 496

257109 CND S 92 4-5-4-12-10-7 FS $575,000 Emmalani Court #215 1,456 #215 2/2.00
SOLD 2/11/2013 for $560,000 (CASH) DOM 92

PRICE CHANGES
256024 CND A 205 4-5-3-11-1-7 FS $779,000- Villas On The Prince #7 1,732 #7 3/3.00
252022 CND A 370 4-5-4-11-3-1 FS $1,800,000+ Hanalei Bay Resort #A11 1,705 #Bamboo A11 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.

New Listings:
Hanalei Bay Resort 5207/08 sold for $483,280 in 7/10 as a foreclosure and is now on the market at $719K. This unit was previously listed from 9/11 to 11/12 starting at $725K and dropping to $649K.

Contingent:
As expected, Sandpiper 203, a short sale with a bank approved price of $220K went quickly into escrow. Sealodge B4 finally found a buyer while priced at $235K. This unit sold in 5/90 for $110K. Short sale Hale Moi 106 wasted no time going into escrow while priced at $269K. This unit sold for $485K in 10/05. Sealodge H4 went quickly back into escrow priced at $345K. This unit sold for $50,900 in 11/77. (original owner.) Free standing Paliuli 1 went into escrow with a list price of $429K. It was purchased for $575K in 8/07. Pali Ke Kua 13 is priced at $439K and last sold for $116,500 in 3/96. It too found a buyer this week. Villas of Kamali’i 2, attractively priced at $662K is in escrow. This golf course townhome was purchased for $640K in 5/04.

Sales:
The developer’s Ka’iulani 2 was priced at $1.350M and sold for $1.305M cash. Short sale Sandpiper 222 sold for $229K while listed at $249K. It was purchased for $474,230 in 9/05. Ocean view Emmalani Court 215 sold for $560K cash while listed for $575K. It was last purchased for $425K in 9/03.

Price Changes:
Villas on the Prince 7 reduced to $779Kfrom $799K. This townhome sold for $625K in 6/03. Hanalei Bay Resort has been on the market 370 days with a list price of $1.495M. Purchased in 7/07 for $1.695M, this property saw a price increase to $1.8M.
Now on to all the activity in the Princeville home update!

NEW LISTINGS
260828 RES A 6 4-5-4-7-9 FS $922,000 3924 Namakeha Lp 10,107 sqft 1,576 3/2.00
261001 RES C 6 4-5-4-21-6 FS $799,000 3730 Albert Rd 14,367 sqft 1,985 3/3.00
261062 RES C 3 4-5-4-14-26 FS $998,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

CONTINGENT SALES
261001 RES C 6 4-5-4-21-6 FS $799,000 3730 Albert Rd 14,367 sqft 1,985 3/3.00
261062 RES C 3 4-5-4-14-26 FS $998,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

EXPIRED
252290 RES X 357 4-5-4-9-17 FS $798,888 4206 Liholiho Rd 10,407 sqft 1,668 3/2.01

WITHDRAWN
255517 RES W 230 4-5-4-19-14 FS $1,295,000 5101 Kuhina Pl 20,646 sqft 3,276 4/3.01

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

As you cans see, there’s been quite a bit of movement across the board. So far there’s been 33 sales in Feb compared to 61 last Feb so we’ve still got a ways to go.

I mentioned Valentine’s day at the beginning. I am often asked what I do for a getaway or vacation while living in such a beautiful place like Kauai. For Valentine’s we flew to Oahu, spent a day shopping at Ala Moana (If you don’t know what Ala Moana is, trust me, when you move here you will!) then rented a Harley for a couple of days and rode to the other side of the Island. I get so accustomed to Honolulu and Waikiki that I almost forget there’s such lovely rural areas like Laie where we stayed. We walked across the street and enjoyed the beach then walked into the neighboring town of Kahaku for some “broke da mouth” Coconut shrimp. It’s always fun to visit the neighboring Islands.

Any questions on this week’s report or what the best buys are, just email me. That’s why I’m here, to get the facts before you buy or sell.

Aloha Elaine

Great Coconut Shrimp

Fun at the Beach.

Elaine Schaefer (R)
CRS, GRI, ABR, SFR
Broker in Charge
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update -plus a little more - for the week of Feb 3rd to Feb 9th

Sun, 10 Feb 2013 13:07:57 -0800

Aloha,

Valentines day is near and if you’re lucky enough to be on Kauai, there are many, many romantic/exciting things to do. First choice is often a nice restaurant. You have quite an assortment from the Dolphin Restaurant or Postcards in Hanalei, to Duke’s at Kalapaki Bay or Roy’s or the Beach House in the Poipu area. There are many great restaurants here but they book up quickly so don’t wait too long. If you like something more active, contact one of the activity desks and schedule a paddle/hike up the Wailua River which includes lunch at a beautiful waterfall, or go ziplining at Princeville ranch where you can also ride horseback then hike down to a waterfall for a refreshing dip and lunch. ATV tours are also great fun. They even have a combo tour which includes ATV’ing and a horsebackride.

If you prefer something less strenuous, a helicopter tour of the Island is amazing. Or indulge yourself and your loved in at one of the many fine spas throughout the Island. If you like something more private, many massage therapists provide in room massages and some even do dual massages. A great resource once you get on Island, (besides just talking to the person at the activity desk) is the magazine “101 thing to do on Kauai.” If you’re clueless, this will give you plenty of great ideas. And don’t forget, it’s whale season so a boat tour to see the humpback’s up close and personal is always fun.

As for real estate, it seems to be holding steady with both condos and homes going into escrow this week. We’re seeing fewer price reductions and more activity so maybe we’re finally reaching the point where the price reflects the value. Take a look for yourself:

NEW LISTINGS
258701 CND C 4 4-5-4-5-24-46 FS $389,000 Nihilani #16A 1,406 #16A 2/2.00

BACK ON THE MARKET
253361 CND A 290 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01
246638 CND A 570 4-5-4-15-21-40 FS $220,000 Sandpiper #203 1,173 #203 2/2.01
259556 CND A 55 4-5-4-5-12-22 FS $349,000 Sealodge #H4 567 #H4 1/1.00

CONTINGENT SALES
258701 CND C 4 4-5-4-5-24-46 FS $389,000 Nihilani #16A 1,406 #16A 2/2.00

SALES
250490 CND S 312 4-5-3-6-22-6 FS $1,395,000 Kaiulani #6 2,843 #6 3/3.01
SOLD 2/6/2013 for $1,200,000 (CASH) DOM 312

257442 CND S 24 4-5-4-5-13-13 FS $389,000 Kamahana #13 2,073 #13 3/2.00
SOLD 2/7/2013 for $379,500 (CNV) DOM 24

UNDER CONTRACT
260606 CND U 3 4-5-3-6-22-2 FS $1,350,000 Kaiulani #2 2,843 #2 3/3.01
257109 CND U 92 4-5-4-12-10-7 FS $575,000 Emmalani Court #215 1,456 #215 2/2.00

WITHDRAWN
245259 CND W 638 4-5-3-6-22-20 FS $2,295,000 Kaiulani #20 2,864 #20 3/3.01

TEMPORARILY WITHDRAWN
254962 CND T 250 4-5-4-5-12-3 FS $429,000 Sealodge Ii #F3 556 #F3 1/1.00

PRICE CHANGES
246638 CND A 570 4-5-4-15-21-40 FS $220,000+ Sandpiper #203 1,173 #203 2/2.01

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

New Listings:
Nihilani 16A, which sold for $346K in 6/10, came on the market this week showing as in escrow priced at $389K.

Back on the Market:
Ka’iulani 8, which was purchased from the developer for $1,939,420 in 3/08, unfortunately fell out of escrow while priced at $1.225M. Short sale Sandpiper 203 is back on the market, with a bank approved price of $220K and a promise of a (relatively) quick close. Initially priced at $185K when it went under contract, this unit sold previously for $370,500 in 7/04. Sealodge H4 went into escrow on 2/4 and came right back on 2/5. This unit was purchased for $50,900 in 11/77 (original owner) and is listed for $349K

Contingent:
As noted under new listings, Nihilani 16A came on the market showing as in escrow.

Sales:
Ka’iulani 6, which was priced at $1.395M sold for $1.2M cash. This was not a short sale even though it was purchased in 11/07 for $2,051,780. Kamahana 13 Sold for $379,500 while listed for $389K. This unit sold for $640K in 10/05.

Under Contract:
The developer’s Ka’iulani 2, priced at $1.350M, which went into escrow on 1/29, moved quickly to under contract. Emmalani Court 215 went under contract priced at $575K. It last sold for $425K in 9/03.

Withdrawn:
Ka’iulani 20 sold for $1,985,180 in 11/07 and was listed for $2.295M when it was withdrawn. It was on the market for 638 days with one price reduction from $2.495M to $2.295M.

Temporarily Withdrawn:
Sealodge F3, priced at $429K, was withdrawn. It sold for $125K in 5/99 and was on the market for 250 days at the same price.

Price Changes:
As noted under “back on the market” Sandpiper 203 went up from $185K to $220K as a bank approved price.

Now on to your Princeville Kauai home update:

NEW LISTINGS
260901 RES A 5 4-5-4-24-4 FS $1,049,000 4194 Waileia Pl 9,632 sqft 3,480 4/2.02

BACK ON THE MARKET
258937 LND, MTF, RES A 79 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00

CONTINGENT SALES
251972 RES C 364 4-5-4-24-6 FS $890,000 4210 Waileia Pl 8,416 sqft 2,526 3/4.00
260596 RES C 11 4-5-4-20-3 FS $1,347,000 5121 Kapiolani Lp 30,742 sqft 1,989 3/2.01

SALES
254705 RES S 108 4-5-3-12-14 FS $1,375,000 3975 Aloalii Dr 7,525 sqft 3,471 3/2.01
SOLD 2/4/2013 for $1,350,000 (CNV) DOM 108

WITHDRAWN
259068 RES W 62 4-5-3-12-14 FS $1,395,000 3975 Aloalii Dr 7,525 sqft 3,471 3/2.01

TEMPORARILY WITHDRAWN
252290 RES T 357 4-5-4-9-17 FS $798,888 4206 Liholiho Rd 10,407 sqft 1,668 3/2.01
256428 RES T 188 4-5-4-17-27 FS $895,000 4830 Emmalani Dr 10,143 sqft 2,355 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.

Now I want to take a moment to tell you what NOT to do while on Island and I’m going to start by saying that so far this year we have had five drownings, with three in one week. If I’m not mistaken, all were visitors. I noticed a comment on one of the articles about a recent drowning. The person making the comment was an activities desk person – he said when visitors ask him where to go he tells them to visit a beach with a lifeguard, especially during the winter months when the surf is high and the ocean unpredictable. He said many people tell him they want to go somewhere private where no one else goes. They often want to know how to get to the “off the beaten track” beaches known and frequented only by locals.

The flaw in that is – the locals know the ocean. I’m certainly not an ocean person but even I’ve been here long enough to know when to stay out of the water, something visitors may not recognize. Yesterday, we went to Hanalei Bay where there were flags and signs posted up and down the beach warning of high surf, strong riptides and in some cases, no swimming. What might be confusing for a visitor is that there were many young children surfing (I think it was a junior surf competition) which might make you think that if children are in the water, then it must be ok for adults.

Don’t make that mistake. Those “children” you see surfing live here, know the water and are in it everyday. We walked along the beach and watched as one surfer tried paddling back out to the lineup, struggling against the waves until a riptide grabbed his board and swept him (happily) out to where he wanted to be. Trust me, when you wade into the water to swim or play in the surf and the same thing happens to you, it will quickly wipe the smile off your face.

We walked down the beach and back at the water’s edge, letting the waves crash into our legs. Even so, there were a couple of times I really had to brace myself against the receding water. We then sat on the beach and relaxed for awhile. As we got ready to leave, we passed two people who looked like visitors – they were two older people who passed us just as we walked by the signs / flags. I was honestly shocked when the gentleman asked my husband “Did you go in?” Shall I just say it outloud? “Do you not see the warnings signs and see the flags up all over? Do you not see the people sitting on the beach and did you not notice that the only people in the water were those with surf and boogie boards? Hello?!” My husband looked at him and said “No we just walked the beach.”

I had to say all this because a friend of mine knew one of the 5 who drowned – and his death was totally unnecessary. The person who drown unwittingly took his friend’s life with him as his friend jumped into the water to try and save him and also drowned. Kauai puts a lot of effort into ocean safety. I think their best advice is this “When in doubt, don’t go out.” The life you save may be your own.

Have a safe and loving Valentine’s day.

Aloha Elaine

Elaine Schaefer (R)
CRS, GRI, ABR, SFR
Broker in Charge
Top Producer 100% Club

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

Kauai 2013 January Market Statistics

Fri, 08 Feb 2013 17:49:08 -0800

Aloha,

Jan 13 got off to a bit of a slow start with only 48 sales, which is a 24% decrease from Jan 12 with 63. The only Jan with fewer sales in the last 6 years was Jan 09 with a mere 20. Of these 48 sales, 28 were residential, 5 land, 1 commercial and 14 were condos. The Kawaihau zone had the greatest number of residential sales at 12, followed by 6 in the Koloa zone, 5 in Hanalei zone, 4 in Lihue and 1 for Waimea.

Despite the lower number of sales, it is clear price is moving up as the sales volume posted a 5% increase, going from $31M in Jan 12 to $33M in Jan 13. The “low”with $22M in volume is Jan 10. Jan 09 followed closely behind with $24M in sales volume while the high point within the last 6 years was Jan 08 with $46M in volume.

Median sales price stayed pretty consistent. In Jan 12 the residential median was $402,500; Jan 13 median was at $447,500. Condo median went up slightly, going from $270,000 in Jan 12 to $335,500 in Jan 13. Keep in mind, this is median and not average. At this point, February seems to be heating up so we’ll just have to wait and see if the market is able to sustain itself.

If you want to see the complete MLS statistical report, just go to my website, where I post it each month. Please do not hesitate to call for the facts before buying or selling and most importantly – have a Happy Valentine’s Day.

Aloha Elaine

Another great sunset on a cloudy evening.

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

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

Princeville Kauai condo (and house) + short sale update for the week of Jan 27th to Feb 2nd

Sun, 03 Feb 2013 13:14:24 -0800

Aloha,

Although activity has really picked up in recent weeks, the month of Jan 2013 underperformed compared to Jan 2012 by 23% with only 48 sales compared to 63. Based on the number of showings and the buyers that seem to be on the hunt, I’m expecting a good Feb and Mar. Right now there are 68 condos and 128 homes in escrow Islandwide, 21 of which are Princeville condos and 7 are Princeville homes. Take a look at the Princeville condo activity this past week:

NEW LISTINGS

260722 CND A 3 4-5-3-6-22-51 FS $1,238,000 Kaiulani #51 2,443 #51 3/3.01
260766 CND A 3 4-5-4-12-2-6 FS $269,000 Hale Moi #106 1,033 #106 2/2.00
259607 CND A 1 4-5-4-5-18-97 FS $449,999 Puamana #26D 1,298 #26D 2/2.00
259961 CND C 4 4-5-4-12-2-30 FS $335,000 Hale Moi #210 1,033 #210 1/2.00

CONTINGENT SALES

260606 CND C 8 4-5-3-6-22-2 FS $1,350,000 Kaiulani #2 2,843 #2 3/3.01
257008 CND C 9 4-5-4-15-21-19 FS $199,000 Sandpiper #119 1,042 #119 2/2.00
259961 CND C 4 4-5-4-12-2-30 FS $335,000 Hale Moi #210 1,033 #210 1/2.00
259205 CND C 60 4-5-4-12-9-28 FS $559,000 Pali Ke Kua #238 993 #238 2/2.00

SALES

259801 CND S 0 4-5-3-6-22-50 FS $1,099,000 Kaiulani #50 2,443 #50 3/3.01
SOLD 1/31/2013 for $1,025,000 (CASH, CNV) DOM 0

UNDER CONTRACT

260480 CND U 6 4-5-4-5-7-47 FS $395,000 Sealodge #E9 566 #E9 1/1.00

EXPIRED

246904 CND X 367 4-5-4-5-27-17 FS $413,000 Hale Honu #9A 1,085 #9A 3/1.01
246908 CND X 363 4-5-4-5-18-76 FS $499,500 Puamana #21B 1,425 3/2.00

WITHDRAWN

250433 CND W 398 4-5-3-6-22-10 FS $1,120,000 Kaiulani #10 2,864 #10 3/3.01

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

New Listings:

Ka’iulani, which was purchased from the developer in 10/09 for $1.6M, is on the market priced at $1.238M. Short sale, downstairs Hale Moi 106 is priced to sell at $269K. This unit sold previously for $485K in 10/05, and has been listed almost continuously since that time. It came right back on the market in 10/05 at $599K and was withdrawn in 11/06 with a price of $550K. It returned to the market in 1/07 to 3/07, priced at $555K. It was then listed from 5/07 to 1/08 going from $559K to $515K when it was withdrawn. It came back on the market in 3/08 priced at $524K as a short sale, reduced to $325K before going back up to $450K and expiring in 6/10. The final listing was as a short sale with a beginning price of $299K in 1/11 to 12/11 when it was withdrawn priced at $250K. Maybe this will be the lucky listing.

Puamana 24D, priced at $449,990 is new on the market after selling for $385K in 11/08. Upstairs Hale Moi 210 priced at $335K was new on the market. This unit last sold for $140K in 9/99 and was previously listed from 9/07 to 10/08 starting at $555K and reducing to $515K. It was only on the market for 3 days when it went into escrow.

Contingent:

The developer’s Ka’iulani 4, which came back onto the market 4 days ago as a new listing with a new low price of $1.350M, went quickly into escrow. Short sale Sandpiper 119, which came on the market last week at the unbelievably low price of $199K, went quickly into escrow as expected. It was purchased for $389K in 6/04. As noted above, Hale Moi 210 at $335K went quickly into escrow. Ocean view Pali Ke Kua 238, priced at $559K went into escrow after 55 days on the market. Previously a leasehold property which went into foreclosure, it was ultimately purchased for $40K by the lessor and is now offered for sale as fee simple.

Sales:

The developer’s Ka’iulani 50 sold for $1.025M cash while listed for $1.099M. “Back in the day” there was no negotiating with developers but that’s certainly changed.

Under Contract:

Sealodge E9 priced at $395K went under contract in record time with only 6 market days. The last sale of this unit was in 12/00 for $285K.

Expired:

Hale Honu 9A, priced at $413K, expired after 367 market days. It sold for $180K in 6/02. Puamana 21B also expired while listed for $499,500. The last purchase of this unit was in 4/99 when the buyer paid $70K for a leasehold property which was then converted to fee simple in 7/00 for $35,700.

Withdrawn:

Short sale Ka’iulani 10, priced at $1.120M and purchased for $1,921,140 in 2/08, was withdrawn after 398 days.

Now on to your Princeville home update:

NEW LISTINGS

260596 RES A 3 4-5-4-20-3 FS $1,347,000 5121 Kapiolani Lp 30,742 sqft 1,989 3/2.01

BACK ON THE MARKET

259959 RES A 31 4-5-4-17-18 FS $895,000 4944 Emmalani Dr 10,500 sqft 2,100 3/2.01

CONTINGENT SALES

260668 RES C 7 4-5-4-24-18 FS $588,000 4275 Waileia Pl 10,390 sqft 2,044 3/2.00

EXPIRED

251972 RES X 360 4-5-4-24-6 FS $890,000 4210 Waileia Pl 8,416 sqft 2,526 3/4.00

WITHDRAWN

247169 RES W 515 4-5-4-13-71 FS $745,000 3667 Albert Rd 11,213 sqft 1,924 3/2.01

PRICE CHANGES

258386 RES A 79 4-5-3-12-17 FS $1,750,000- 3963 Aloalii Dr 9,316 sqft 3,247 2/2.01
236176 RES A 619 4-5-4-6-12 FS $550,000- 4154 Lei O Papa Rd 11,369 sqft 1,544 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.

I have several buyers who want properties like the “ones they saw” several months back. Unfortunately, many of those “attractively priced” properties were short sales which were on the market and/or went into escrow 6 and 8 months ago – and the market has changed dramatically even in that short period of time. There are still some interesting buys, like the Sandpiper priced at $199K that went into escrow in a flash, but to get a chance at a property like that, you must have your financing lined up, your cash funds in order and be ready to jump. This is truly a market where, he who hesitates is lost.

Even if you do win the first round by getting the property into escrow, if you are dealing with a short sale, there is still the bank to negotiate with, and they may have a completely different idea as to what the unit is worth. But with a little bit (or a lot) of patience you may end up with a great buy.

If you want the facts before buying or selling, don’t hesitate to email me. That’s why I’m here. Enjoy Superbowl Sunday!

Aloha Elaine

This beauty was in a water feature in one of the houses I showed yesterday. Couldn’t resist.

Elaine Schaefer (R)
CRS, GRI, ABR, SFR
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

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