Elaine's Blog

Princeville Kauai condo (and house) update for the week of Nov 15th to 21st

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 22 Nov 2009 02:44:43 -0600

Aloha,

It's been another quiet week with minimal activity which is normal for this time of the year as everyone gears up for Thanksgiving. Here is your update for this past week:

NEW LISTINGS
229452 T A 4 4-5-3-11-1-30 FS $599,000 Villas On The Prince #30 1,732 #30 3/3
229521 T A 2 4-5-4-15-21-15 FS $249,900 Sandpiper Village I #115 1,042 #115 2/2
229489 T A 4 4-5-4-5-16-45 FS $558,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
229454 T A 4 4-5-4-5-24-76 FS $589,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

CONTINGENT SALES
226086 SH C 911 4-5-4-6-1-42 FS $199,000 Villas Of Kamalii #42 1,825 #42 3/3

WITHDRAWN
223402 T W 210 4-5-3-11-1-30 FS $679,000 Villas On The Prince #30 1,732 #30 3/3
224825 T W 160 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
214607 T W 464 4-5-4-12-9-9 FS $589,000 Pali Ke Kua #13 1,135 #13 2/2
228464 T W 33 4-5-4-5-24-76 FS $639,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

PRICE CHANGES
227584 T A 64 4-5-4-15-21-28 FS $325,000- Sandpiper Village I #128 1,042 #128 2/2
227585 T A 66 4-5-4-15-21-65 FS $380,000- Sandpiper Village I #228 1,173 #228 2/2.5
220368 T A 297 4-5-4-5-39-42 FS $385,000- Cliffs At Princeville #2202 917 #2202 1/2
227646 T A 64 4-5-4-5-13-2 FS $390,000- Kamahana #2 1,171 #2 2/2
229379 T A 8 4-5-4-5-24-80 FS $399,000- Nihilani At Princeville Resort #27B 1,567 #27B 2/2.5
227872 T A 54 4-5-4-5-24-16 FS $459,000- Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
204622 T A 700 4-5-4-12-8-28 FS $499,000- Pali Ke Kua Ii #232 993 #232 2/2
227495 T A 66 4-5-4-5-7-26 FS $575,000- Princeville Sealodge #C6 564 #C6 1/1
229381 T A 8 4-5-4-5-24-94 FS $599,000- Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5
222351 T A 241 4-5-4-5-39-138 FS $675,000- Cliffs At Princeville #5308 1,186 #5308 2/2
226466 T A 87 4-5-4-5-16-36 FS $875,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2

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

Villas on the Prince 30, now a short sale listed at $599K and purchased for $565K in 3/04 has been on the market with various agents numerous times over the past several years. It was first listed from 5/06 to 10/06 starting $1.149M and reducing to $965K before being withdrawn with 158 market days. It came back on the market in 1/07 to 10/07 starting at $935K and ending at $849K before it was again withdrawn after 266 market days. It came right back on in 10/07 at $935K and was again withdrawn in 5/08 after 188 market days with a final price tag of $799K. It was immediately relisted in 5/08 for $779K and later withdrawn in 9/08 while listed for $779K. The sellers relisted in 10/08 until 4/09 during which time the unit was priced at a high of $795K and a low of $750K. It expired with 185 market days. It came back on yet again in 4/09 at $750K and was withdrawn in 11/09 which is why you'll see it listed under the "withdrawn" portion of this update.

Sandpiper 115, listed at $249,900 was previously listed from 7/07 to 9/09 for 338 days at $429K with no price reductions. It last sold for $180K in 12/01 and is now a bank REO. Ali'i Kai 5301, purchased for $977K in 4/07 is now listed as a bank REO for a very attractive $558K. This unit has numerous upgrades such as tile floor in the kitchen, dining area and hallway, wood laminate in the living area, new kitchen cabinets and granite countertops. However, as happens in many REO's the kitchen stove, refrigerator, washer and dryer were removed. Nevertheless, this unit has commanding views up and down the coast and shouldn't last long at this price. Nihilani 26A is new this week after being withdrawn after 33 market days listed initially at $675K and reducing to $639K which is why this unit is also in the "withdrawn" portion of this update. It is now listed at $589K and was purchased for $805K in 12/06.

A fractional share of Villas of Kamali'i 42 listed for $199K went into escrow after 911 days on the market. This unit sold in 4/07 for $805K.

As noted under New Listings, both Villas on the Prince 30 and Nihilani 26A were withdrawn and immediately relisted. Pali Ke Kua 1, a beautifully remodeled leasehold unit priced at $359K fell out of escrow and was withdrawn after 160 days on the market. This unit last sold for $379K in 4/06. Pali Ke Kua 13, purchased for $121K in 8/96 was also withdrawn listed at $589K with 464 market days.

As for price reductions: Sandpiper 128, purchased for $490K in 6/05 reduced this week from $379K to $325K. Sandpiper 228, purchased for $535K in 6/05 reduced from $399K to $380K. Kamahana 2 which last sold for $136K in 11/94 reduced from $439K to $399K. These three properties are all owned by the same seller. Cliffs 2202, purchased as leasehold in 5/88 for $107K and converted to fee simple in 11/91 for $20,500 reduced from $445K to $385K. Nihilani 27B reduced from $449K to $399K and sold from the developer for $682,180 10/06. Nihlani 6A, purchased for $770,080 in 2/07 reduced from $499K to $459K. Pali Ke Kua 232, a short sale purchased for $650K in 9/04 went from $599K $499K. Sealodge C6 reduced from $599K to $575K and last sold for $190K in 11/99. Nihilani 32A was purchased for $985K in 3/06 and reduced from $649K in $599K. Cliffs 5308, purchased in 2/04 for $465,185 reduced from $750K to $675K. Ali'i Kai 4303, purchased for $541,500 in 2/04 reduced from $899K to $875K. Now on to your Princeville house update:

NEW LISTINGS
229317 RS A 5 4-5-3-11-32 FS $1,400,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.5
229431 RS A 3 4-5-4-9-23 FS $630,000 5215 Poki'i Ln 11,157 sqft 1,432 3/2
229419 RS A 5 4-5-4-23-55 FS $659,000 3781 Milimakani Pl 7,187 sqft 1,295 3/2
229479 RS A 3 4-5-4-20-31 FS $699,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
229568 RS A 2 4-5-4-6-13 FS $719,000 4144 Lei O Papa Rd 10,890 sqft 1,542 2/2

CONTINGENT SALES
219545 RS C 323 4-5-4-22-26 FS $545,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
227438 RS C 71 4-5-4-19-17 FS $997,755 5104 Napo'okala Cir 15,139 sqft 3,848 4/3.5

EXPIRED
224854 RS X 156 4-5-4-19-19 FS $698,800 5086 Napo'okala Cir 15,326 sqft 2,206 3/3

WITHDRAWN
223364 RS W 214 4-5-4-20-31 FS $799,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3

PRICE CHANGES
226491 RS A 108 4-5-4-23-38 FS $523,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2

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

It's hard to believe it's almost Christmas and that decorations and trees are already in the stores. If you decide it's time to list or buy your Kauai paradise, don't forget to call or email for your personal market update. Wishing each and every one of you a Thanksgiving filled with family, good food and lots of love.

Aloha Elaine

Aerial view of Bora Bora Lagoons Resort

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/

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

Princeville condo (and house) update for the week of Nov 8th to 14th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Mon, 16 Nov 2009 01:54:56 -0600

Aloha,

This past week brought with it our first major winter storm. When all was said and done, both the Hanalei Bridge and the road between Princeville and Kilauea by Kalihiwai were closed for a period of time on Saturday. If you live in Princeville, Hanalei or Kilauea, you quickly learn that it's best to stay close to home when these types of storms appear, for fear of being "on the wrong side of the fence" when a road or bridge is closed. I've heard of visitors and locals alike being stuck on the wrong side of the tracks, unable to make a flight or get home.....It's pretty clear that Mother Nature rules the roost here.

Along with all the rain, we had a pretty quiet week in terms of real estate activity, as evidenced by this very brief update:

NEW LISTINGS
229384 T A 2 4-5-3-11-1-19 FS $850,000 Villas On The Prince #19 1,732 #19 3/3
228998 T A 6 4-5-3-6-22-27 FS $1,695,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5
229171 T A 3 4-5-3-6-22-48 FS $1,749,000 Kaiulani Of Princeville #48 2,476 #48 3/3
229379 T A 2 4-5-4-5-24-80 FS $449,000 Nihilani At Princeville Resort #27B 1,567 #27B 2/2.5
229381 T A 2 4-5-4-5-24-94 FS $649,000 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5
228792 T A 6 4-5-4-5-24-72 FS $798,000 Nihilani At Princeville Resort #24C 1,972 #24C 3/3

WITHDRAWN
207615 T W 619 4-5-3-6-22-9 FS $2,100,000 Kaiulani Of Princeville #9 2,864 #9 3/3.5

PRICE CHANGES
225703 T A 128 4-5-4-15-21-34 FS $209,000- Sandpiper Village I #134 1,042 #134 2/2
229139 T A 9 4-5-4-5-17-15 FS $349,000- Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
218778 T A 345 4-5-4-5-18-60 FS $367,500- Puamana #17A 1,312 #17A 2/2
228178 T A 39 4-5-4-5-24-41 FS $400,000- Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
229003 T A 10 4-5-4-5-24-8 FS $425,000- Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
225686 T A 129 4-5-4-5-16-57 FS $499,000- Alii Kai At Hanalei #7202 886 #7202 2/2

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

Villas on the Prince 19 is new on the market this week listed for $850K. This agent owned unit last sold for $520K in 6/02. Ka'iulani 27, purchased for $1,652,100 in 8/07 is back on the market listed at $1.695K. This unit was previously listed from 10/07 to 10/08 for $1.965M. It was reduced to $1.85M by the time it was withdrawn. It was listed a second time from 11/08 to 11/09 starting at $1.850M and ending at $1.795M when it was again withdrawn. Ka'iulani 48, purchased for $1,502,610 in 9/07 is also back on the market listed at $1.749M. This unit was listed from 1/08 to 8/08 starting at $1.9M and reducing to $1.799M, and again from 8/08 to 6/09 for $1.799M.

There are several Nihilani units coming onto the market this week, starting with 27B. Purchased in 10/06 for $682,180 and listed this time for $449K, this agent owned unit was listed before from 10/06 to 4/07 for $779K and reduced to $749,900, from 3/08 to 6/08 for $699K and once again from 7/08 to 9/08 during which time it went from $685K to $539,900 before being withdrawn. Nihilani 32A, an agent owned unit purchased for $985K in 3/06 was previously listed from 7/08 to 9/08 at a high price of $999K reducing to $739,900 when it was withdrawn. Nihilani 24C makes it's debut as a new listing priced at $798K. This unit last sold in 12/06 for $876,145. No properties went into escrow, sold, expired, or were temporarily withdrawn this week.

Ka'iulani 9, listed for $2.1M and purchased for $2,008,270 from the developer in 2/09 was withdrawn after being listed from 3/08 to 11/09 with no price reductions and 619 days on the market.

As for price changes - Sandpiper 134, listed for $225K reduced to $209K. This unit sold for $485K in 7/05 and is a short sale. Ali'i Kai 9G, purchased for $151K in 12/09 reduced from $369K to $349K. Puamana 17A purchased in 3/04 for $320K went from $425K to $367,500. Nihilani 14B, purchased from the developer in 3/06 for $594,102 had a major price reduction, going from $475K to $400K as a short sale. Nihilani 3B, a developer's unit, reduced in a similar fashion going from $485K to $425K. Our final reduction is Ali'i Kai 7202, which also had a nice reduction going from $575K to $499K. This agent owned unit sold for $115K in 1/88. Now on to your Princeville home update:

NEW LISTINGS
229218 RS A 3 4-5-4-24-11 FS $685,000 4240 Waileia Pl 12,336 sqft 2,074 3/2
229262 RS A 4 4-5-4-14-26 FS $1,625,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.5

WITHDRAWN
225087 RS W 144 4-5-4-14-26 FS $1,625,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.5
220623 RS W 284 4-5-4-13-74 FS $2,495,000 3651 Albert Rd 10,838 sqft 3,218 3/3.5

PRICE CHANGES
218770 RS A 342 4-5-4-16-77 FS $699,000- 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5
227771 RS A 58 4-5-4-13-72 FS $1,095,000- 3661 Albert Rd 10,466 sqft 2,655 3/3.5
186555 RS A 1,058 4-5-4-4-38 FS $7,999,000- 4971 Hanalei Plantation 1.25 ac 4,630 4/4.75

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 from the update, it was a relatively slow week in terms of any real activity, however, there were some very attractive reductions this past week which will hopefully spur some buyers to get off the fence and into the game. Some think the market has reached bottom while others feel there is still a little more room left. In either case, I feel that if you can find something you like, get it now while you can. Rates are at historic lows and despite the bloated inventory, when it comes right down to it, I can pretty much guarentee that for most buyers, there will only be one or two properties that will interest them enough to actually want to make a purchase. If you are a buyer, don't let something you like slip through your fingers. And sellers, if you are not in line with the market, take a look at the reductions this week and see if you need to make a similar reduction to attract a buyer to your property.

Regardess of if you are buying or selling, call or email me for the facts on any property on the Island. That's why I'm here, to help you!

Aloha Elaine

View of the flooded taro field and Hanalei River after the rain this weekend

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

October 2009 Kauai Market Statistics

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Tue, 10 Nov 2009 23:56:11 -0600

Aloha,

For a change, this past month there was an increase in the number of sales Islandwide, from 46 last October to 50 this October which is a 8.7% increase. Year to date is still down with 519 units sold this time last year compared to 396 sold as of Oct 2009 for a 24% decrease. Of the 50 Oct sales, 32 were residential, 2 were land sales and 16 condos were sold. Of the homes that sold, 2 were in the Waimea Zone, 10 in Koloa, 3 in Lihue, 11 were in the Kawaihau zone and 6 were sold in Hanalei. Keep in mind these are Zones as defined by the tax key number and not the specific town. In Oct 2007 57 properties changed hands, while 92 sales occured in Oct 06. As usual, the high number is in Oct 05 when there were 162 transactions compared to 137 in Oct 2004. The high year for year to date was once again 05 with 1543 sales. If you are a seller in today's market it may help to stop for just a moment and look at that number as it compares to today's market and to recognize that the 396 sales as of Oct 09 represents roughly a 74% decrease in activity. Perhaps it will soften the frustration and impatience that is a common occurance when trying to sell now.

Not only were sales up this month but sales volume was up 24% from $23M in Oct 08 to $29M for Oct 09. Oct 04 had sales volume of $79M, Oct 05 was at $97M, Oct 06 - $70M and Oct 07 saw $50M in sales. Year to date sales volume for 08 was $416M with year to date Oct 09 sales of $240M, a 42% decline. Of the $29M spent this past month, $20M went towards residential sales, $649K for land and $8M was spent on condos. Keep in mind that I round number off as I do this report. Click here to see the full report please on my website.

The median sales price for residential is down substantially comparing Oct 08 and Oct 09, which was $515K in 08 and $446,500 for Oct 09. Here are the residential sales stats for Oct 08 that shows the median price:

MLS Number Location Sold Date Sold Price
210328 4982 Ohu Rd 10/1/2008 $115,000
203033 4459 Kawailoa St 10/31/2008 $320,000
205971 3140-1 Poipu Rd 10/3/2008 $338,000
205792 3530 Maka Ala St 10/23/2008 $340,000
211517 4718 Melemele Rd 10/31/2008 $350,000
213299 5261 Laipo Road 10/10/2008 $350,000
207660 302-A Makani Rd 10/28/2008 $373,000
209216 Port Allen Residential Subdiv Lot #: 10/31/2008 $380,000
213066 Port Allen Residential Subdiv Lot #: 10/1/2008 $404,000
213245 2843 Mokoi St 10/22/2008 $475,000
210864 5144 Kaunaloa St 10/1/2008 $500,000
210715 6455 Puupilo Rd #2 10/24/2008 $515,000
197225 210 Nalomeli Pl 10/31/2008 $525,000
198693 6077 Kolopua St 10/1/2008 $525,000
213843 2177 Puu Rd 10/15/2008 $641,000
187788 3550 Horita Rd 10/30/2008 $643,000
211912 5061 Aliomanu Road, Apt B 10/15/2008 $680,000
208005 3646 Keoniana Rd 10/8/2008 $760,000
212592 4369 Kai Ikena Dr 10/1/2008 $804,625
209424 1228 Nohea St 10/17/2008 $830,000
203972 2474 Apapane St 10/10/2008 $850,000
212757 4844-A Wailapa Rd #A 10/30/2008 $1,050,000
207294 5164-K Kahiliholo Rd. #1 10/24/2008 $1,147,500

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

Here are the sales for Oct 09 showing the median of $446,500:

MLS Data
MLS Number Location Sold Date Sold Price
214192 4574 Puuwai Rd #B 10/7/2009 $299,000
222276 295 Molo St 10/19/2009 $309,000
228461 5679 Ani St 10/13/2009 $310,000
226512 5625 Kula Mau'u St 10/20/2009 $361,000
222904 2460 Kolo Rd 10/15/2009 $366,200
226020 6381 Puupilo Rd 10/20/2009 $366,600
218815 233 Keokeo Rd 10/30/2009 $370,000
220502 4437 Iona Rd #2 10/20/2009 $387,500
222896 4119 Aheahe Pl 10/2/2009 $396,000
226761 5796 Noni St 10/26/2009 $399,900
226605 2317 Lapuuna Pl 10/15/2009 $400,000
205541 4230 Papalina Rd #B 10/12/2009 $407,000
222319 189 Lanialii Pl #1 10/16/2009 $410,000
218894 3936 Waha Rd #2 10/2/2009 $425,000
224620 6420 Kawaihau Rd #2 10/1/2009 $430,000
223496 2891-B Pua Nani St #2 10/20/2009 $440,000
223366 3995 Kamehameha Rd 10/9/2009 $453,000
224497 2684 Onu Pl 10/22/2009 $460,000
210846 3590 Kaloke Rd 10/19/2009 $500,000
223822 3695 Kaweonui Rd 10/26/2009 $575,000
209531 05-7242-A Kuhio Hwy 10/12/2009 $590,000
215681 Ahakea St 10/13/2009 $600,000
224685 4437 Makoi Pl 10/21/2009 $610,000
222919 4959 Emmalani Dr 10/1/2009 $642,000
228934 4467 Ikena Pl 10/30/2009 $675,000
228217 Kalaheo Homesteads Lot #: 10/5/2009 $695,000
194104 4473 Keaka Rd 10/19/2009 $840,000
217604 3576-A Moloaa Rd #2 10/27/2009 $1,125,000
225870 4351 Kahili Makai St #4 10/19/2009 $1,176,000
228641 1605 Makanui Rd #A 10/21/2009 $1,450,000
218359 8948 Kaumualii Hwy #D 10/30/2009 $1,500,000
222175 4786 Aliomanu Rd 10/9/2009 $2,395,000

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

Years past saw a residential median sales price of $650K in Oct 07, $675K in Oct 06, $675K in Oct 05 and $567,500 in Oct 04. Year to date residential median sales price for Oct 04 was $485K, 05 was $640K, 06 was $679,500, 07 was $660K, 2008 was $625K and year to date Oct 09 has a residential median sales price of $470K.

Statistically, it's still a great time to buy with both favorable pricing and financing available, not to mention the home buyers credit which is now available for both first time buyers and existing home owners. There's also plenty of inventory which makes for a great buyer's market all around.

Aloha Elaine

Bora Bora Sunset

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of Nov 1st to 7th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 08 Nov 2009 19:28:44 -0600

Aloha,

It was a relatively quiet week with periods of pouring rain. Activity remains relatively slow as you'll see from this weeks update. The renovation of the timeshare units at the Cliffs is almost complete which means we'll have guests returning to buildings 7, 8 and 9 which will eliminate the favorable parking spots I've become accustomed to during the renovation. For those of you unfamiliar with the Cliffs, in addition to whole ownership, there are two timeshare associations that are also here. I have a second floor unit and am happy to have timeshare above and below me. The reasons I like timeshare neighbors are 1) They seldom have big family fights as they are here on vacation; 2) They aren't dragging a bunch of other people into the unit because they don't know anyone else and 3) They don't stockpile food (and attract bugs) because as I said before, they are only here for a week.

I also like living with timeshare because the grounds and common area building are always in great condition, after all, guests are only here for a week so everything has to look good pretty much all the time. However, for a "whole unit" buyer, lending is tricky because the Cliffs is a condhotel, has leasehold and fee simple units the majority of which are timeshare. On to your update:

NEW LISTINGS
229139 T A 2 4-5-4-5-17-15 FS $369,000 Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
228973 T A 6 4-5-4-12-8-24 LH $449,000 Pali Ke Kua Ii #130 1,100 #130 2/2
229003 T A 3 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
229125 T A 2 4-5-4-5-16-33 FS $785,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2
227902 T A 3 4-5-4-6-1-27 FS $845,000 Villas Of Kamalii #27 1,815 #27 3/3
228874 T A 6 4-5-4-5-16-24 FS $940,000 Alii Kai At Hanalei #3204 1,085 #3204 2/2

CONTINGENT SALES
204804 T C 514 4-5-4-5-39-33 FS $230,000 Cliffs At Princeville #2103 917 #2103 1/2

SALES
211781 T S 408 4-5-4-5-3-24 FS $324,900 Princeville Paniolo #211 1,058 #211 1/2
SOLD 11/4/2009 for $300,000 (CNV) DOM 408

219219 T S 327 4-5-4-5-30-20 FS $325,000 Princeville Mauna Kai #D302 1,488 ##25 3/2
SOLD 11/3/2009 for $350,000 (CNV) DOM 327

EXPIRED
225541 T X 122 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2

WITHDRAWN
217907 T W 342 4-5-3-6-22-27 FS $1,795,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5

TEMPORARILY WITHDRAWN
226309 T T 96 4-5-4-15-21-23 FS $325,000 Sandpiper Village I #123 1,042 #123 2/2

PRICE CHANGES
222635 T A 184 4-5-4-5-12-19 FS $349,999- Sealodge Ii #H1 556 #H1 1/1

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

Of the 6 new listings only 2 are actually new to the market. Ali'i Kai 9G, listed at a new lower price of $369K was purchased for $151K in 12/99, and was listed from 7/05 to 1/06 for $615K and again from 2/06 to 9/09 starting at $629K and reducing to $380K. The agent owned leasehold Pali Ke Kua 130 was purchased for $429K in 3/06 and is back this time listed at $449K. This unit was previously listed from 8/06 to 5/07 starting at $699K and reducing to $649K, from 6/07 to 6/08 during which time it went from $649K to $575K and once again from 7/08 to 9/09 starting at $575K. It reduced to $399K at one point before going back up to $449K which is where it expired.

Nihilani is now allowing some of the resale agents to list their developer units in the hope that it will create more interest and greater exposure. That's the case with Nihilani 3B, currently listed for $485K with an agent who is not with Brookfield. This unit was previously listed by the Brookfield agents from 7/07 to 1/08 starting at $700,500 and reducing to $699K and was also listed from 4/08 to 10/09 with a high list price of $686,200 ending at $485K. Ali'i Kai 4301 last sold for an all time high of $1,157,500 on 6/06 and is now listed for $785K. It was previously listed from 9/08 to 9/09 starting at $919K and reducing to $895K. It is not showing as a short sale. Villas of Kamali'i 27 is back on the market as a new listing at the old price of $845K. It was listed at this price from 10/08 to 10/09. Ali'i Kai 3204 is the only other "new" listing at $940K. This unit last sold for $365K on 8/02.

One of the "lender approved" short sales went into escrow this week: Cliffs 2103 listed for $230K after 513 days on the market. Some of you have asked why it takes so long for a unit to go into escrow when the price seems so reasonable. This unit was first listed from 4/05 to 11/05 starting at $560K and dropping to $539K before being withdrawn. It came back on the market in 12/05 listed for $539K and reduced to $529K before expiring in 8/06. It was listed again from 2/07 to 3/07 for a low of $475K and was withdrawn while listed at $485K. This most recent listing started out at $495K in 12/07 and kept reducing until it reached the price of $230K on 7/09, gaining short sale approval from the bank at that price on 9/09. So although it may appear as if it's been sitting as an approved short sale all this time, that is not the case.

Paniolo 211, listed for $324,900 closed at $300K after 408 days on the market. Purchased in 12/89 for $125K this unit started out at $427K when it first came on the market. Mauna Kai 25, purchased in 8/07 for $585K and listed as a short sale for $325K closed at $350K. This unit started out at $524,500 327 days ago.

My Pu'u Po'a 404 listing expired this week priced at a very favorable $1.095M. This unit last sold for $325K in 7/91. Ka'iulani 27, purchased for $1,652,100 in 8/07 was withdrawn from the market listed at $1.795M after 342 market days. Sandpiper 123 listed for $325K and purchased for $359K in 8/04 was temporarily withdrawn from the market. Surprisingly, we are setting a new record this week in price changes in that there is only, but it's a very good one on Sealodge H1 which went from $499K to $349,999. Purchased in 8/05 for $560K this unit does not appear to be a short sale.

On to your Princeville home update:

NEW LISTINGS
228923 RS A 3 4-5-4-9-42 FS $1,200,000 4184 Kekuanaoa Ln 13,913 sqft 2,940 3/3.5

BACK ON THE MARKET
209942 RS A 551 4-5-4-8-9 FS $999,000 3887 Punahele Rd 11,139 sqft 3,246 4/3

EXPIRED
224783 RS X 150 4-5-4-13-37 FS $1,875,000 3584 Kaweonui Rd 14,685 sqft 3,500 4/3.5

WITHDRAWN
208122 RS W 618 4-5-4-7-19 FS $1,135,000 3928 Punahele Rd 9,999 sqft 1,694 3/2

PRICE CHANGES
226182 RS A 103 4-5-4-16-7 FS $795,000- 5029 Emmalani Dr 10,500 sqft 3,304 4/3
227098 RS A 73 4-5-4-18-45 FS $820,000+ 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
224404 RS A 165 4-5-4-14-4 FS $998,000- 3792 Keli'i Pl 10,481 sqft 2,523 3/2.5

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

That's it for this week. Please do not hesitate to call or email with any questions. I spend a good part of my life on the computer trying to keep buyers and sellers up to date - in other words, that's why I'm here so contact me and I'll fill you in on the history be it a condo, house or land anywhere on the Island. Have a great week! And for those of you who asked, no I am not changing my last name now that I am married.

Aloha Elaine

Sting ray seen from our boat in Bora Bora. Can you believe how clear the water is?

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of Oct 25th to 31st

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sat, 31 Oct 2009 21:58:06 -0500

Aloha,

It seems like a long, long time since we were on Bora Bora but in truth, it's only been one very busy week. Tuesday found me driving over to PMRF in Kekaha to the "DV" (distinguished visitors) tent to watch the launch of a medium range ballistic missile target from the base and subsequent intercept by the Japanese ship JS MYOKO, which was located Northwest of Kauai.

It was great fun to see the lift off and watch the missile as it headed skyward, leaving behind a contrail which created a strange grey shadow across the sky as the missile headed North across the setting sun. We even got to see the launch of the interceptor from the Ship on a monitor in an adjacent building. Believe me when I say you don't want to blink or sneeze when the interceptor launches otherwise you'll miss it. It really does happen that fast. For security reasons we were not permitted to witness the actual interception but we did have audio tracking and were able to receive confirmation that the mission ended successfully.

In the past, I've watched a couple of other launches from Kekaha beach but this was the first time I was able to be on base to witness the entire event. You can often see launches from other vantage points on the Island if you have a view to the West. A friend of mine was in Lihue Tuesday and she saw the contrail and figured PMRF must have launched something.

It's been a very hot, muggy week, brought on my some "weather fronts" which all but killed the trades. Fortunately, we have them back today as it is once again, a bright sunny Saturday where the trades are greatly appreciated. On to your update:

NEW LISTINGS
228342 T A 6 4-5-3-6-22-50 FS $1,749,000 Kaiulani Of Princeville #50 2,443 #50 3/3.5
228849 T A 3 4-5-4-5-23-25 FS $549,000 Plantation At Princeville #711 1,153 #711 2/2

CONTINGENT SALES
224237 T C 474 4-5-4-5-13-28 FS $250,000 Kamahana #28 1,145 #28 2/2
226998 T C 65 4-5-4-12-2-39 FS $349,000 Hale Moi #219 1,033 #219 1/2

SALES
221307 T S 206 4-5-4-5-18-86 FS $335,000 Puamana #24A 1,312 #24A 2/2
SOLD 10/28/2009 for $300,000 (CNV) DOM 206

EXPIRED
223649 T X 178 4-5-4-5-13-13 FS $449,000 Kamahana #13 2,073 #13 3/2
223620 T X 177 4-5-4-5-18-47 FS $599,000 Puamana #13C 1,532 #13C 2/2
217301 T X 364 4-5-4-11-3-90 FS $695,000 Hanalei Bay Resort #N34 867 #1537-8 1/2

WITHDRAWN
210598 T W 530 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
210691 T W 598 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5

PRICE CHANGES
224638 T A 143 4-5-3-6-22-76 FS $975,000- Kaiulani Of Princeville #76 1,738 #76 2/2.5
228387 T A 19 4-5-4-5-18-30 FS $377,777- Puamana #8C 1,532 #8C 2/2
210699 T A 541 4-5-4-5-24-31 FS $530,000- Nihilani At Princeville Resort #11A 1,406 #11A 2/2
218823 T A 330 4-5-4-12-5-8 LH $619,000- Pali Ke Kua Incr I, ii, iii #108A 717 #108 1/1
222114 T A 233 4-5-4-6-1-25 FS $699,000- Villas Of Kamalii #25 1,825 #25 3/3
224267 T A 163 4-5-4-12-9-19 FS $725,000- Pali Ke Kua Iii #141 1,148 #141 2/2

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

It was a relatively slow week in terms of new listings and price changes but two properties did go into escrow, both of which were short sales. The two new listings are actually "born again" listings as both have been on the market for extended periods in the past. Ka'iulani 50 is a developer's unit which was previously listed from 12/06 to 1/08 for $1.8M. It is new this week listed at $1.749M.

Plantation 711, priced at $549K was purchased for $455,402 on 9/05. This unit first came on the market in 1/05 at $575K and was listed for 352 days before it was withdrawn on 1/06. Since the seller only took possession of the on 9/05 I would say that they were already under contract with the developer back in 1/05 when it was first listed apparently with the intention of "flipping" it to a new owner when the current seller took possession. During this listing period the condo went from $575K to $590K to $695K to a high of $725K. It appears from the history that it was unsucessfully in escrow twice but was finally withdrawn. It was relisted from 9/06 to 8/09 starting at $725K and reducing to $619K before it was once again withdrawn with 1,092 market days on 8/09.

I've showed this unit many times because it is one of the nicest ground floor units with stainless steel appliances, upgraded granite slab countertops, upgraded cabinets, travertine tile in the kitchen, designer window coverings plus it is beautifully furnished. It faces out onto Ka Haku road but the landscaping is such that the road noise is not as intrusive as it is in some other similarly placed units. At this "new" price of $549K, it's in the middle of the pack. Here are all the Plantation listings:

226519 T A 80 4-5-4-5-23-14 FS $495,000 Plantation At Princeville #412 1,153 #412 2/2
216340 T A 393 4-5-4-5-23-41 FS $499,000 Plantation At Princeville #1111 1,153 #1111 2/2
218864 T A 325 4-5-4-5-23-11 FS $549,000 Plantation At Princeville #321 1,318 #321 3/3
228849 T A 3 4-5-4-5-23-25 FS $549,000 Plantation At Princeville #711 1,153 #711 2/2
214741 T A 382 4-5-4-5-23-66 FS $578,000 Plantation At Princeville #1712 1,153 #1712 2/2
228374 T A 22 4-5-4-5-23-55 FS $579,000 Plantation At Princeville #1421 1,318 #1421 3/3
226280 T A 89 4-5-4-5-23-51 FS $625,000 Plantation At Princeville #1321 1,318 #1321 3/3
216921 T A 382 4-5-4-5-23-3 FS $639,000 Plantation At Princeville #121 1,318 #121 3/3

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

Kamahana 28, purchased for $599K in 4/06 went into escrow as a short sale listed at $250K after 474 market days. Hale Moi 219, also went into escrow priced at $349K with a purchase price of $493K in 3/05. Puamana 24A, yet another short sale, closed on 10/28/09 with a purchase price of $300K from a sale price of $349K. This unit sold for $605K in 12/05.

Kamahana 13, purchased for $640K in 10/05 and listed for $449K expired as did Puamana 13C, listed at $599K and purchased for $589K in 11/05. Hanalei Bay Resort 1537/8 which last sold for $430K in 8/04 also expired while listed at $695K.

Two of the developer's Nihilani units were withdrawn: The 3B Hoku model listed at $484K ad the 15B upgraded Makani unit listed at $648K. 15B was originally in escrow with the developer during which time the intended buyer ordered many upgrades but then defaulted and did not close. As a result, this unit has top of the line Fisher and Paykel stainless steel appliances with granite countertops, cherry cabinetry, Subzero Refrigerator and crown molding in the kitchen, living room and master bedroom! It really is a beautiful unit. Keep it in mind if you visit Nihilani as it's still available even though it's off the market.

There were just a few price changes this week, starting with Ka'iulani 76 which went from $1.1M to $975K. This unit sold from the developer on 4/07 for $900,570. Puamana 8C sold as a leasehold for $95K in 7/88 and was then converted to fee simple in 5/00 for $35,700. It reduced from $385K to $377,777. Nihlani 11A, a developer's Moana unit, reduced from $560K to $530. Pali Ka Kua 108 which sold for $$69K in 3/02 went from $649K to $619K. Villas of Kamali'i 25 went from $759K to $699K and last sold for $625K in 3/04. The final reduction is my listing, Pali Ke Kua 141, a beautifully renovated unit purchased for $205K in 1/99. It reduced from $765K to $725K. If you have not seen this unit, and are interested in a PKK that is in move in condition, you must see it. Here are the Pali Ke Kua's on the market:

214607 T A 446 4-5-4-12-9-9 FS $589,000 Pali Ke Kua #13 1,135 #13 2/2
204622 T A 679 4-5-4-12-8-28 FS $599,000 Pali Ke Kua Ii #232 993 #232 2/2
218823 T A 330 4-5-4-12-5-8 LH $619,000 Pali Ke Kua Incr I, ii, iii #108A 717 #108 1/1
218310 T A 285 4-5-4-12-5-9 FS $719,900 Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
224267 T A 163 4-5-4-12-9-19 FS $725,000 Pali Ke Kua Iii #141 1,148 #141 2/2
211355 T A 533 4-5-4-12-5-5 FS $743,000 Pali Ke Kua Incr I, ii, iii #105A 717 #105A 1/1

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

Now on to your Princeville home update:

NEW LISTINGS
228769 RS A 3 4-5-4-7-7 FS $1,200,000 3930 Namakeha Loop 10,127 sqft 1,800 3/2.5

CONTINGENT SALES
219774 RS C 26 4-5-4-13-65 FS $662,000 3717 Albert Rd 12,762 sqft 2,377 3/3
225252 RS C 128 4-5-4-21-10 FS $889,000 3836 Kaweonui Rd 10,018 sqft 2,016 3/3

SALES
223822 RS S 127 4-5-4-13-6 FS $580,150 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
SOLD 10/26/2009 for $575,000 (CNV) DOM 127

WITHDRAWN
224065 RS W 154 4-5-4-9-62 FS $849,000 5371 Honoiki Rd 16,710 sqft 1,410 3/3

PRICE CHANGES
220147 RS A 276 4-5-4-22-10 FS $615,000- 4030 Kawaiala 10,614 sqft 1,710 3/2.5
224144 RS A 169 4-5-4-16-65 FS $900,000- 4465 Emmalani Dr 10,896 sqft 2,122 3/2
223397 RS A 194 4-5-4-18-37 FS $949,000- 4193 Kamalani Ln 10,006 sqft 3,320 4/3

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

That's it for this week. I hope everyone had a safe and fun filled Halloween filled with lots of good chocolate. At least that would be what I want. It's a beautiful day in Paradise. Don't waste time buying or selling until you get the facts. Please call or email when you are ready to buy or sell. That's why I'm here.

Aloha Elaine

Can't help myself. Here is another picture of the resort we stayed at in Bora Bora.

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of Oct 16th to 24th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 25 Oct 2009 19:14:14 -0500

Aloha,

I'm back from Bora Bora and yes, we had a fabulous time. The overwater bungalows with the glass topped coffee table for fish watching were everything I dreamed they would be. We even swam under the bungalow ourselves and took each others picture through the glass top coffee table. The wedding ceremony was in traditional Polynesian garb on the Matira beach. Here we are with our marriage official, "Patrick."

We did everything: Swam with sharks in the deepest blue water I've ever seen, (that's my hand you see on the left with the shark in the background)

(Yes, we are in the water with the sharks while taking these pictures!)

Pet and fed stingrays,

rented a small boat and went around the whole island and did the same thing the prior day on a one speed bicycle that defied my expectations and actually lasted the whole 19 miles without falling apart.

We ate great French food and were treated to an unexpected delighted one night at the St. James Restaurant as we sat waterside enjoying dinner, when a huge, and I mean huge (6 foot) manta ray rose up from the deep and did three barrel rolls in the water just below our table before quickly going back into deep water.

While visiting with a gal in the neighboring dive shop the next day we learned they used to give dives out to see this huge ray, but since so many new resorts were constructed out on the motu's (small Islands surrounding Bora Bora) over the last few years, the big mantas moved. If you are on a motu, as we were, and as many of the resorts are, power boats are used to shuttle guests back and forth from the motu to the main Island.

The waters of Bora Bora are so calm because the entire Island is ringed by a fringe of small motus and / or reefs. The shades of blue are another story altogether and in some cases, simply too amazing and beautiful to describe.

I knew I shouldn't get started talking about the past week because my purpose here is to give you the weekly update so I will stop and get back to business. This update is a little longer as it includes the two days I omitted from the update last week due to our departure. So, on to your update:

NEW LISTINGS
228548 T A 5 4-5-3-6-22-20 FS $2,650,000 Kaiulani Of Princeville #20 2,864 #20 3/3.5
228569 T A 6 4-5-4-5-39-4 FS $262,500 Cliffs At Princeville #1104 917 #1104 1/2
224986 T A 5 4-5-4-5-39-72 FS $439,000 Cliffs At Princeville #3204 917 #3204 1/2
227179 T A 5 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
226738 T A 5 4-5-4-5-16-42 FS $874,000 Alii Kai At Hanalei #5202 1,086 #5202 2/2
228566 T A 2 4-5-4-12-3-34 FS $999,000 Hanalei Bay Villas #34 1,248 #34 2/2.5

UNDER CONTRACT
226523 T U 75 4-5-4-5-4-5 FS $209,000 Princeville Mauna Kai #5A 1,503 #5A 2/2

EXPIRED
217010 SH X 311 4-5-4-6-1-49 FS $230,000 Villas Of Kamalii #49 1,825 #49 3/3
217215 SH X 311 4-5-4-6-1-49 FS $245,000 Villas Of Kamalii #49 1,825 #49 3/3
217229 T X 353 4-5-4-5-18-6 FS $549,000 Puamana #2B 1,532 #2B 2/2

WITHDRAWN
217582 T W 347 4-5-3-6-22-18 FS $2,349,000 Kaiulani Of Princeville #18 2,864 #18 3/3.5
219806 T W 284 4-5-3-6-22-6 FS $2,465,000 Kaiulani Of Princeville #6 2,861 #6 3/3.5

PRICE CHANGES
218643 SH A 327 4-5-4-5-23-30 FS $99,000- Plantation At Princeville #812 1,153 #812 2/2
218642 SH A 327 4-5-4-5-23-30 FS $99,000- Plantation At Princeville #812 1,153 #812 2/2
218641 SH A 327 4-5-4-5-23-30 FS $99,000- Plantation At Princeville #812 1,153 #812 2/2
218640 SH A 327 4-5-4-5-23-30 FS $99,000- Plantation At Princeville #812 1,153 #812 2/2
218639 SH A 327 4-5-4-5-23-30 FS $99,000- Plantation At Princeville #812 1,153 #812 2/2
218864 T A 319 4-5-4-5-23-11 FS $549,000- Plantation At Princeville #321 1,318 #321 3/3
228464 T A 11 4-5-4-5-24-76 FS $639,000- Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
211712 T A 520 4-5-4-11-3-7 FS $995,000- Hanalei Bay Resort #B13 1,324 #9123/4 2/2

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

Ka'iulani 20, purchased from the developer for $1,985,180 in 11/07 is back on the market listed at an optimistic $2.650M. This property was previously listed from 1/08 to 1/09 and from 2/09 to 7/09 for $2.650M and was withdrawn on both occasions. Maybe the third time is a charm. Cliffs 1104 is at a new price of $262,500 but was previously listed from 5/08 to 10/09, starting at $489K and dropping to $275K just before being withdrawn from the market. It last sold for $135K in 3/01. Cliffs 3204 is making it's first appearance on the market since selling for $380K in 1/08. It is now listed for $439K. Villas of Kamali'i 54 was purchased for $607,500 in 11/03 and is back as a new listing at $849K. This unit was listed from 5/06 to 1/07, starting at $1.185M and dropping to $1.095M before it expired. Ali'i Kai 5202 listed at $874 and purchased for $405K in 7/03 was previously listed from 9/06 to 2/07 for $1.195M when it was withdrawn. Last up is Hanalei Bay Villa 34, purchased for $975K in 11/05 and listed for $999K.

No properties sold during this period, however, Mauna Kai 5A, a bank foreclosure listed for $209K went back under contract. This property showed as sold on 9/28 but came back on the market on 10/6 and went back under contract on 10/20.

Two fractional segments of Villas of Kamali'i 49 expired while listed at $230K. This unit sold as a whole unit for $509,400 in 10/03. Puamana 2B also expired while listed for $549K. This unit sold for $510K in 6/05.

Ka'iulani 18, purchased for $1,972,350 in 10/07 and listed for $2.349M was withdrawn after 347 market days. Ka'iulani 6 was also withdrawn, listed for $2.465M and purchased for $2,051,780.

Of the eight price changes this week, 5 were fractional segments of Plantation 812 which went to an amazing $99K from $145K. This unit sold for $729K in 6/06. Plantation 321, purchased for $435K in 7/05 reduced from $649K to $549K. Nihilani 26A, purchased from the developer for $805K in 12/06 reduced from $675K to $639K. The last reduction is Hanalei Bay Resort 9123/4 which went from $1.025M to $995K. This unit sold in 11/00 for $359K.

Now on to your Princeville home update:

NEW LISTINGS
227009 RS A 5 4-5-3-12-3 FS $1,988,800 4043 Aloalii Dr 8,972 sqft 3,588 3/3.5
224775 RS A 5 4-5-3-12-4 FS $1,995,000 4035 Aloalii Dr 9,415 sqft 3,407 3/3
210725 RS A 5 4-5-4-8-47 FS $2,999,000 5045 Kapiolani Lp 16,502 sqft 4,226 5/4.5
223389 RS C 5 4-5-4-14-31 FS $1,075,000 3885 Kamehameha Rd 12,127 sqft 2,372 4/3

CONTINGENT SALES
200621 RS C 792 4-5-4-21-7 FS $790,000 3770 Cr Kaweonui Rd/alber 10,737 sqft 2,184 3/2.5
223389 RS C 5 4-5-4-14-31 FS $1,075,000 3885 Kamehameha Rd 12,127 sqft 2,372 4/3

WITHDRAWN
226863 RS W 63 4-5-4-16-79 FS $769,500 4105 Kekaulike Ln 10,408 sqft 1,700 2/2

PRICE CHANGES
210765 RS A 537 4-5-4-23-24 FS $659,000- 3807 Makani Kai Pl 10,386 sqft 1,535 3/2
219774 RS A 20 4-5-4-13-65 FS $662,000- 3717 Albert Rd 12,762 sqft 2,377 3/3
218770 RS A 321 4-5-4-16-77 FS $737,000+ 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5
221404 RS A 245 4-5-4-14-32-5 FS $1,490,000- 3875 Kamehameha Rd #5 10,332 sqft 3,709 6/6

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

That brings us up to date for this week. I'm back home and here to stay so don't hesitate to call or email before buying or selling. Get the facts! That's why I'm here.

Aloha Elaine

View from our bungalow. Click on picture to see the panoramic view.

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Kauai condo (and house) update for the week of Oct 11th to 15th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Fri, 16 Oct 2009 00:18:31 -0500

Aloha,

Yes, this update is a day or two short and I'll be a few dollars shorter when I get back from Bora Bora, but I am leaving tomorrow - Friday the 16th and decided I'd rather publish a couple of days shy of week's end than not at all. On to your update.

NEW LISTINGS
227553 T A 2 4-5-3-6-22-59 FS $995,000 Kaiulani Of Princeville #59 1,892 #59 2/2.5
227552 T A 2 4-5-3-6-22-70 FS $995,000 Kaiulani Of Princeville #70 1,781 #70 2/2.5
227917 SH A 0 4-5-4-5-39-80 FS $79,000 Cliffs At Princeville #3304 1,137 #3304 2/2
228387 T A 3 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2
228464 T A 1 4-5-4-5-24-76 FS $675,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

BACK ON THE MARKET
225775 T A 85 4-5-4-5-18-15 FS $525,000 Puamana #4C 1,532 #4C 2/2
214741 T A 366 4-5-4-5-23-66 FS $578,000 Plantation At Princeville #1712 1,153 #1712 2/2

SALES
218646 T S 288 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
SOLD 10/13/2009 for $1,600,000 (CASH) DOM 288

215869 T S 376 4-5-4-5-23-16 FS $449,900 Plantation At Princeville #422 1,318 #422 3/3
SOLD 10/8/2009 for $440,000 (CASH) DOM 376

225806 T S 25 4-5-4-5-24-40 FS $489,900 Nihilani At Princeville Resort #14A 1,874 #14A 3/2.5
SOLD 10/13/2009 for $490,000 (CNV) DOM 25

221842 T S 151 4-5-4-12-3-32 FS $899,000 Hanalei Bay Villas #32 1,248 #32 2/2
SOLD 10/13/2009 for $817,500 (CNV) DOM 151

WITHDRAWN
210902 T W 481 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2
221962 T W 216 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2

PRICE CHANGES
223402 T A 178 4-5-3-11-1-30 FS $679,000- Villas On The Prince #30 1,732 #30 3/3
227816 SH A 27 4-5-4-15-21-28 FS $179,000- Sandpiper Village I #128 1,042 #128 2/2
227819 SH A 27 4-5-4-5-13-2 FS $195,000- Kamahana #2 1,171 #2 2/2
227817 SH A 29 4-5-4-15-21-65 FS $195,000- Sandpiper Village I #228 1,173 #228 2/2.5
226523 T A 70 4-5-4-5-4-5 FS $209,000- Princeville Mauna Kai #5A 1,503 #5A 2/2
196998 T A 856 4-5-4-15-21-43 FS $299,000- Sandpiper Village I #206 1,173 #206 2/2.5
227584 T A 27 4-5-4-15-21-28 FS $379,000- Sandpiper Village I #128 1,042 #128 2/2
227585 T A 29 4-5-4-15-21-65 FS $399,000- Sandpiper Village I #228 1,173 #228 2/2.5
227646 T A 27 4-5-4-5-13-2 FS $439,000- Kamahana #2 1,171 #2 2/2

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

Two developer's Ka'iulani units are back on the market as new listings, unit 59 and unit 70. Unit 59 was previously listed from 4/05 to 12/07 at the pre-construction price of $875K, increasing to $1.075M as construction continued. It was then listed from 2/08 to 9/09 for $995K, the same price it is listed this time. Unit 70, listed at $995K was previously listed from 6/05 to 12/07 starting at the pre-construction price of $825K and increasing to $995K. A 2 month fractional share of Cliffs 3304 is back on the market as a new listing for $79K. Fractional shares were previously listed from 1/07 to 4/07 for $165K after which time it was withdrawn. It was relisted with another agent from 4/07 to 4/09 starting at $150K and reducing to $129K before it expired. Share 6 of this unit is also currently listed for $99K, down from a high of $165K. Share 6 (probably includes Christmas / New Years) has been on the marekt for 881 days.

Puamana 8C is listed twice on this update, once under the withdrawn section showing it was taken off the market on 10/11 and again as a new listing on 10/12. Purchased for $95K as a leasehold in 7/88 and converted to fee simple in 5/00 for $35,700 it comes on the market at $385K. It was previously listed for the month of May in 2008 starting at $644,900 and reducing to $599K before it was withdrawn. From 9/08 to 1/09 it was listed for $499K, expiring at that price. It was then listed from 3/09 to 10/11/09 going from $416,900 to $385K before it was withdrawn and relisted with a new agent on 10/12. Nihilani 26A is a new listing at $675K and was purchased from the developer in 12/06 for $805K. This unit is not a short sale.

Puamana 4C is back on the market after expiring. This unit sold for $487K in 4/07. Plantation 1712 is also returning to the market after expiring whle listed at $578K. It was purchased in 2/08 for $515K.

We've had four sales this week, so far! Ka'iulani 51, a developer's unit, closed at $1.6M with a list price of $1.749M. Just goes to show how flexible developer prices are in this market. Plantation 422 finally closed this week. This bank foreclosure was in escrow once before and fell out but this second time worked like a charm. Purchased in 11/05 for $738K, 422 started out listed at $599,900 and worked its way down $449,900 closing at $440K in a cash transaction. Nihilani 14A, a bank REO very attractively priced at $489,900 closed at $490K. I bet this one generated mulitple offers. This unit sold in 3/06 for $761,450. Hanalei Bay Villas 32, listed for $899K closed at $817,500. This unit was purchased for $950K in 11/05.

Cliffs 1104, purchased for $135K in 3/01, was listed for $275K when withdrawn from the MLS after 481 days on the market. It started at $489K and had one reduction to $275K in 6/09. Puamana 8C was withdrawn with 216 market days. This unit is also under the new listings portion of this update.

Several fractional units as well as the "whole" offerings were reduced this week. First up is Villas on the Prince 30, which went from $699,995 to $679K. This unit sold from the developer for $565K in 3/04. Next is Sandpiper 128, purchased for $490K in 6/05. This fractional share reduced from $198K to $179K. Kamahana 2, purchased for $136K in 11/94 reduced from $250K to $195K for a fractional share. Sandpiper 228 sold for $535K in 6/05 and reduced to $195K to $250K for the fractional share. The full purchase or "whole" price of each of these units also reduced. Sandpiper 128 went from $399K to $379K. Sandpiper 228 went from $439K to $399K while Kamahana went from $459K to $439K. All three units are owned by the same seller. Also reducing is Sandpiper 206 which went from $318K to $299K. This unit sold for $114,500 in 11/99. The bank owned Mauna Kai 5A that came back on the market after I thought it had sold reduced from $219K to $209K. This unit sold for $200K in 8/02 and was taken by the bank in 7/09.

Here is your Princeville home update:

NEW LISTINGS
228344 SH A 1 4-5-4-14-30 FS $295,000 3891 Kamehameha Rd 11,262 sqft 3,599 3/3

CONTINGENT SALES
203978 RS C 693 4-5-3-11-41 FS $899,000 4120 Aloalii Dr 9,103 sqft 2,521 3/3.5

WITHDRAWN
206819 RS W 538 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2
217234 RS W 214 4-5-4-19-2 FS $1,475,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.5

PRICE CHANGES
219774 RS A 10 4-5-4-13-65 FS $682,000- 3717 Albert Rd 12,762 sqft 2,377 3/3
223364 RS A 181 4-5-4-20-31 FS $799,000- 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
224404 RS A 141 4-5-4-14-4 FS $1,065,000- 3792 Keli'i Pl 10,481 sqft 2,523 3/2.5
221404 RS A 235 4-5-4-14-32-5 FS $1,499,000- 3875 Kamehameha Rd #5 10,332 sqft 3,709 6/6

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

That's it for this week. I'm off tomorrow for Bora Bora and our overwater bungalow. As I mentioned in my last blog, I decided to treat myself to a trip to Bora Bora for my 60th birthday. Several days after I told my significant other of the plans I'd made, I found he'd made some plans of his own when he proposed to me about two weeks later on the second anniversary of our meeting. Long story short, we are going to Bora Bora on the 16th and getting married at sunset on the beach in a traditional ceremony on my birthday, the 20th, returning the 24th.

If you have questions, I hope they can wait until the 24th as I'd be delighted to answer them at that time. If you are agent wanting to show one of my listings, please check the listing for showing instructions. If you are an agent with an offer on one of my listings, please contact my broker. This is one time in my life that I am going to be pretty much out of communication as Verizon doesn't work in French Polynesia and internet access is slow.

I'll be back with next week's update on Sunday the 25th. Until then, have a wonderful week. I know I will.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Kauai: New St. Regis Princeville Resort Hotel

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Thu, 15 Oct 2009 01:58:21 -0500

Aloha,

Yes, I finally made it to the "new" St. Regis to check it out, and yes, I parked my own car. Thanks to those of you who told me you'd been there and that self park was still alive and well. I can only guess that the day I went the greeter at the entry gazebo had delusions of grandeur when he told me that it was only valet parking because it was "a St. Regis now."

I have to say, I was pleasantly surprised. The hotel has an air of subtle elegance and warmth that I found very peaceful and welcoming. It is very understated and comfortable. The entry vestibule welcomes you with a beautiful orchid arrangment, and opens up to the spa, reception area and sitting areas, highlighted by a fabulous chandelier which is the focal point of the lobby.

Take a look for yourself. Even though it was an overcast day, the hotel and grounds still shone. Here is the view that meets you looking over the bluff towards Bali Hai:
.

Here is the view of the hotel from the parking lot:

The smaller vestibule has an intimate fee which is quite different from the old hotel which immediately opened up to the entire space:

The ornate chandelier is the focal point of the lobby:

Close up of the chandelier:

The living room leads to the lanai and great views:

Here's a close up of the comfortable living room seating:

The view - nothing else need be said:

Now step outside onto the lanai overlooking Hanalei Bay and Bali Hai:

Sit down, relax and enjoy:

As you come back in, you'll see the Spa entrance across the lobby:

As you walk back out to the parking lot, don't forget to stop and admire the white hibiscus:

And if you want to own a condo as close to the new St.Regis as possible, Pu'u Po'a is seen adjacent to the hotel parking lot:

I doubt I would ever have a reason to stay at the hotel, but I will certainly take advantage of the ambiance of the spa and restaurant. I understand shops will be open after the first of the year. Go check it out if you have a chance. You will not be disappointed.

Aloha, Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Kauai condo (and house) update for Oct 4th to Oct 10th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 11 Oct 2009 16:13:39 -0500

Aloha,

I mentioned going by the new Princeville Hotel this week to take some pictures of the renovations but got no further than the entry gazebo. Seems all "self parking" has been eliminated due to the "St. Regis" status. You used to be able to self park as long as you didn't take any of the valet spots which were the first few rows. Now, there is "complimentary" valet parking ONLY. I have to say I don't believe any valet parking is complimentary and the day I planned to drive in, I had nothing smaller than a $20. Plus, it probably would have taken longer for them to park then run and get my car again than it would have for me to take the pictures I wanted. So I made a u turn around the gazebo and left.

It used to be nice to self park in that lot then stroll along the bluff edge enjoying the ocean below or to walk out to the gazebo which marked the site where the German Anton Georg Scheffer attempted a takeover of Kauai by trying to build a village named after himself. As it turned out, he was run off the Island. Anyhow, I miss the self park aspect but as the gentleman in the gazebo said "It's a St. Regis now...."

I found the St. Regis Princeville Resort website and learned that published room rates start at $525 and go up to $2800 a day. You can get a massage for 60 to 90 minutes starting at $165 to $240 or facial for $170 to $225. Never fear-I'll take pictures another day now that I know the agenda....

On to your update:

NEW LISTINGS
228178 T A 3 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
227970 T A 5 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
228362 T A 1 4-5-4-5-17-23 FS $499,000 Alii Kai Ii Hanalei #10G 1,037 #10G 2/2
228294 T A 3 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
228374 T A 1 4-5-4-5-23-55 FS $579,000 Plantation At Princeville #1421 1,318 #1421 3/3
228165 T A 5 4-5-4-12-10-27 FS $595,000 Emmalani Court #415 1,456 #415 2/2
228296 T A 3 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3
227839 T A 5 4-5-4-6-1-18 FS $825,000 Villas Of Kamalii #18 1,825 #18 3/3
228145 T A 5 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2

BACK ON THE MARKET
226523 T A 65 4-5-4-5-4-5 FS $219,000 Princeville Mauna Kai #5A 1,503 #5A 2/2

CONTINGENT SALES
208900 T C 527 4-5-4-5-4-12 FS $525,000 Ka'eo Kai Ph I #2B 2,100 #2B 3/3

UNDER CONTRACT
219219 T U 327 4-5-4-5-30-20 FS $325,000 Princeville Mauna Kai #D302 1,488 ##25 3/2

WITHDRAWN
227490 T W 27 4-5-4-6-1-58 FS $759,000 Villas Of Kamalii #58 1,761 #58 3/3
217023 T W 349 4-5-4-6-1-27 FS $845,000 Villas Of Kamalii #27 1,815 #27 3/3

TEMPORARILY WITHDRAWN
218883 T T 304 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3

PRICE CHANGES
225402 T A 94 4-5-4-5-17-14 FS $497,000- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
210699 T A 520 4-5-4-5-24-31 FS $560,000- Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216921 T A 361 4-5-4-5-23-3 FS $639,000- Plantation At Princeville #121 1,318 #121 3/3
220840 T A 217 4-5-4-6-1-33 FS $849,000- Villas Of Kamalii #33 1,825 #33 3/3

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

Looks like Nihilani is having a sale what with all the units that came on the market this week, starting with 14B. This Hoku unit sold from the developer on 3/06 for $591,102 and is listed well below that price at $475K, undercutting the developer's price of $485K for their Hoku unit, 8B, which is the next new listing. This unit is down from the high of $699,200 when it was listed from 6/07 to 10/07. It was listed after that from 4/08 to 2/09 starting at $665,200 and reducing to $578K before it was withdrawn. Ali'i Kai 10G is back on the market at $499K, having been previously listed from 8/08 to 8/09 starting at $599K and reducing to $499K. It last sold for $129,500 in 6/89. Next up is another developer's Nihilani unit, a Moana floorplan listed at $530K. This price is an adjustment from the last time it was listed from 4/08 to 2/09 when the price tag started at $690K and reduced to $630K during the life of the listing.

Plantation 1421 is not really a new listing but just a brokerage change. When agents change affiliation they typically take their listings with them. It was previously listed from 12/08 to 10/09 for $577,777 and comes back on this time without all the "lucky sevens" at $579K. 1421 last sold for $536,066 in 2/06. Next up is Emmalani Court 415 listed for $595K. It was listed from 9/06 to 12/06 for $875K and from 7/08 to 12/08 for $775K. This unit last sold for $610K in 5/05. We have another price adjustment on a developer's Nihilani, unit 7C which hits the market this time at $650K for their largest model, the one level upstairs "Mahina." 7C was listed from 9/07 to 1/09 starting at $829K and reducing to $754,200 before it was withdrawn from the market. This listing brings the number of Nihilani units on the market to 15 total. Here is the list:

225956 T A 31 4-5-4-5-24-56 FS $425,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.5
228178 T A 4 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
210598 T A 515 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
227970 T A 6 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
227263 T A 37 4-5-4-5-24-46 FS $498,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
227872 T A 13 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
226115 T A 363 4-5-4-5-24-50 FS $517,000 Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
228294 T A 4 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
210699 T A 521 4-5-4-5-24-31 FS $560,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216359 T A 379 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2
220974 T A 243 4-5-4-5-24-63 FS $599,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3
227167 T A 44 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort#25B 1,567 #25B 2/2.5
225391 T A 104 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 583 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
228296 T A 4 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3

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

Remember, this is the only complex to offer four different floor plans, two of which had the option of an extra bedroom if selected during construction, so be sure to check the square footage to be sure which floor plan you are viewing. For example, in the list above, 17B shows as a 3 bed/ 2.5 bath but it is a Hoku with the conversion of the family room to a third bedroom and not the standard Makani floor plan. Makani has 1,874 sqft. Next up is Villas of Kamali'i 18, listed for $825K and purchased for $630K in 1/04. The final unit is Pu'u Po'a 103 which was recently withdrawn and is now with a new agent with a new low price of $999K. This unit was listed from 10/06 to 6/07 at $1,899,900 and from 3/09 to 9/09 starting at $1.259M and reducing to $1.179M during the life of the listing. Here are all the Pu'u Po'a's on the market:

228145 T A 6 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2
225541 T A 97 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
202256 T A 701 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 2/2

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

For some unknown reason, Mauna Kai 5A is back on the market this week even though it showed as having sold on 9/28/09 for $219K. This unit is a bank foreclosure so maybe there was a problem somewhere that prevented the sale of the unit. I don't know.

Ka'eo Kai 2B finally found a buyer and went into escrow listed at $525K after 527 days on the market. This unit sold for $240K in 4/01. Mauna Kai 25 also went into escrow listed at $325K with 327 market days. This unit sold for $585K in 8/07.

Two Villas of Kamali'i units were withdrawn: units 58, listed for $759K and purchased for $432,155 in 5/03 and unit 27, listed for $845K and purchased for $465 in 11/03. Plantation 1421 shows as temporarily withdrawn prior to being relisted with the new brokerage.

There were only a few price changes this week. Ali'i Kai 9F, purchased for $560K in 9/05 went from $519,900 to $497K. The developer's Nihilani unit 11A adjusted downward from $620K to $560K while Plantation 121, an agent owned unit purchased for $488,993 in 5/05 reduced to $639K from $645K. The final price change is Villas of Kamali'i 33, which went from $879K to $849K. This unit last sold for $649K in 7/04. Now on to your Princeville home update:

NEW LISTINGS
219774 RS A 5 4-5-4-13-65 FS $710,000 3717 Albert Rd 12,762 sqft 2,377 3/3
228327 RS A 1 4-5-4-18-5 FS $950,000 4156 Mahina Pl 12,194 sqft 1,668 3/2
228196 RS A 5 4-5-4-10-41 FS $1,495,000 5322 Honoiki Rd 10,146 sqft 2,195 3/2.5

BACK ON THE MARKET
223132 RS A 151 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2

CONTINGENT SALES
206198 RS C 627 4-5-4-17-21 FS $999,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5

SALES
223366 RS S 133 4-5-4-15-1 FS $471,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
SOLD 10/9/2009 for $453,000 (CASH) DOM 133

225957 RS S 10 4-5-4-18-31 FS $695,000 4226 Kina'u Pl 11,078 sqft 3,496 4/5
SOLD 9/29/2009 for $685,000 (CNV) DOM 10

PRICE CHANGES
224862 RS A 102 4-5-4-13-63 FS $679,000- 3737 Albert Rd 10,665 sqft 2,219 3/2
224854 RS A 120 4-5-4-19-19 FS $698,800- 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
218770 RS A 306 4-5-4-16-77 FS $799,000- 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5

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 my own update this week which is that I am leaving this Friday 10/16 for a week in an overwater bungalow in Bora Bora. Originally planned as a 60th birthday present to myself it changed in a very wonderful way when my significant other proposed to me on the second anniversay of our meeting. He was open to any type of wedding I wanted, at any time, at any place and I decided to make my birthday getaway our marriage and honeymoon. So - for my 60th birthday on 10/20 I am getting a husband in a ceremony set on the beach at sunset in Bora Bora. We return all too soon mid morninng on Saturday October 24th.

If you have questions about real estate please ask them now, or after the 23rd. If you will be on Island during that time, I'm sorry I will miss seeing you. If you need the services of a real estate agent while you are here, I'm happy to refer you to another agent. Agents - if you call between 10/16 and 10/23 for a showing please check the listing for who to call. I will be checking messages but I will be doing so infrequently as you might imagine. That's all the update for this week.

Have a wonderful week- and I'll see if I can manage to valet park at the hotel and get you some pictures.

Aloha Elaine

Over the water bungalows at Bora Bora Lagoons Resort

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

September 2009 Kauai Market Statistics

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Fri, 09 Oct 2009 21:48:35 -0500

Aloha,

September 2009 followed in line with the rest of the year with declining numbers and pricing. This past month there were a total of 40 sales down from 42 in Sep 08, 65 sales in Sep 07, 97 in 06, an unbelievable 201 for Sep 05 ( I can't even fathom that right now - in this market) and 117 sales transactions in Sep 04. Year to date there have been 346 sales compared to 473 this time last year, 745 year to date 07, 1257 in 06, a high of 1381 in 05 and 1285 for 04 year to date.

Of the sales this September, 16 were residential, 10 land, 1 commercial, and 13 were condos. Year to date there were 169 residential sales, 58 land, 5 commercial, 113 condos and 1 business. Compare this to 2008 year to date where there were 227 residential sales, 94 land sales, 7 commercial 144 condos and 1 business.

As you might expect, sales volume is also down with $21.2M sold in Sep 09, $28.6 sold in Sep 08, $56.9M in Sep 07, $77.6M for Sep 06, $128.5M in Sep 05 and $61.6M for Sep 04. Year to date sales volume is at $210.8M for 09, $393.3M year to date 08, $643.4 year to date 07, $846.9 for year to date 06, $934.4M year to date at the height of the market which was 05 and $714.6M for year to date 04. My, how times have changed. I really enjoy looking at these numbers as they certainly tell the story as to how things are now.

Median sales price is up a tick this month in residential going from $525K in Sep 08 to $532K for Sep 09. Land fell from $436K in Sep 08 to $256K Sep 08, with condos going from $495K in Sep 08 to $337K in Sep 09. Despite the slow market, clearly it is an excellent time to buy with pricing at record lows and interest rates at a similar point. Don't let a great opportunity pass you by if you are "in the market."

While I'm on the topic of statistics, I thought I'd throw in a few regarding the real estate agents. We have approximately 480 agents give or take a few. Of those agents, per MLS sales statistics, only 243 have sold anything at all. I'm delighted to say that on this list I come in at number 24. Thank you to all of you who made this possible for me by allowing me to represent you either in the sale or purchase of Kauai real estate. It is much appreciated and I hope I can continue to serve those of you looking for your own piece of paradise. If you wish to see the market stats in it's entirety, I publish the full report on my website under market statistics.

Aloha Elaine

View from Pu'u Po'a 404

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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Princeville condo (and house) update for the week of Sep 27th to Oct 3rd

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 04 Oct 2009 16:47:11 -0500

Aloha,

I've been enjoying Puhi this past week as we're housesitting / cat sitting for friends that own in Villas of Puali. Our friends are fortune to have a unit down at the end of the road, which makes for a good deal of privacy. What's so great about this complex, and others in the area, is the proximity to Costco, Kukui Grove, WalMart, KMart, the movies and Duke's restaurant and their hula pie. If you've never tried hula pie, bring a friend, sit downstairs outside of the bar and have at it. Hula Pie is to die for if you like ice cream. It's a Duke's trademark dessert - vanilla ice cream on a chocolate cookie crust, liberally covered with whipped cream and drenched in hot fudge. Yes, you will need help eating this as the wedge of pie is more than ample.

Anyhow, I digress. Puhi is a great location, however, as I said the last time I was down here, as much fun as I have running around, I am a North Shore girl at heart and miss my home in just about a week's time, which is how long we are down here housesitting. On to your update:

NEW LISTINGS
228175 T A 2 4-5-4-5-18-78 FS $299,000 Puamana #21D 1,532 #21D 2/2
227872 T A 6 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
227937 T A 4 4-5-4-5-16-51 FS $725,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2
226521 T A 2 4-5-4-5-39-178 FS $995,000 Cliffs At Princeville #8204 1,864 #8204 4/4

BACK ON THE MARKET
222343 SH A 199 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3
223828 SH A 139 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
208860 SH A 545 4-5-4-5-23-35 FS $190,000 Plantation At Princeville #921 1,318 #921 3/3
216359 T A 372 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2
215563 T A 203 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2

SALES
222342 SH S 129 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3
SOLD 9/21/2009 for $150,000 (A/S, CASH) DOM 129

226523 T S 53 4-5-4-5-4-5 FS $219,000 Princeville Mauna Kai #5A 1,503 #5A 2/2
SOLD 9/28/2009 for $275,000 (CASH) DOM 53

216008 T S 302 4-5-4-12-11-47 FS $1,500,000 Puu Poa #405 1,800 #405 2/2
SOLD 10/1/2009 for $1,050,000 (CASH) DOM 302

EXPIRED
173568 T X 1,266 4-5-4-5-17-15 FS $380,000 Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
214167 T X 427 4-5-4-12-8-24 LH $449,000 Pali Ke Kua Ii #130 1,100 #130 2/2
216508 T X 358 4-5-4-5-18-38 FS $499,500 Puamana #11A 1,312 #11A 2/2
212901 T X 436 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
216488 T X 363 4-5-4-5-16-50 FS $839,000 Alii Kai At Hanalei #6102 1,088 #6102 2/2

WITHDRAWN
222345 T W 194 4-5-4-12-11-3 FS $1,179,000 Puu Poa #103 1,354 #103 2/2

TEMPORARILY WITHDRAWN
214486 T T 420 4-5-4-5-18-89 FS $325,000 Puamana #24D 1,532 #24D 2/2
218883 T T 296 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3

PRICE CHANGES
224638 T A 116 4-5-3-6-22-76 FS $1,100,000- Kaiulani Of Princeville #76 1,738 #76 2/2.5
225703 T A 86 4-5-4-15-21-34 FS $225,000- Sandpiper Village I #134 1,042 #134 2/2
226124 T A 69 4-5-4-5-3-3 FS $239,000- Princeville Paniolo #103 1,058 #103 1/2
226111 T A 68 4-5-4-15-21-54 FS $354,000- Sandpiper Village I #217 1,173 #217 2/2.5
227263 T A 30 4-5-4-5-24-46 FS $498,000- Nihilani At Princeville Resort #16A 1,406 #16A 2/2
208900 T A 521 4-5-4-5-4-12 FS $525,000+ Ka'eo Kai Ph I #2B 2,100 #2B 3/3
225762 T A 81 4-5-4-5-39-169 FS $615,000- Cliffs At Princeville #7305 1,137 #7305 2/2
216921 T A 355 4-5-4-5-23-3 FS $645,000- Plantation At Princeville #121 1,318 #121 3/3

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

Puamana 21D, listed at the attractive price of $299K is the first new listing. Purchased in 7/90 as a leasehold for $129K and converted to fee simple in 11/00 for $35,700, this short sale is priced well below similar units:

228175 T A 2 4-5-4-5-18-78 FS $299,000 Puamana #21D 1,532 #21D 2/2
222149 T A 39 4-5-4-5-18-1 FS $325,000 Puamana #1A 1,312 #1A 2/2
226997 T A 34 4-5-4-5-18-71 FS $369,000 Puamana #20A 1,532 #20A 2/2
225622 T A 88 4-5-4-5-18-39 FS $375,000 Puamana #11B 1,673 #11B 3/3
221962 T A 209 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2
206918 T A 802 4-5-4-5-18-91 FS $385,000 Puamana #25B 1,532 #25B 2/2
218778 T A 303 4-5-4-5-18-60 FS $425,000 Puamana #17A 1,312 #17A 2/2
225775 T A 74 4-5-4-5-18-15 FS $525,000 Puamana #4C 1,532 #4C 2/2
217229 T A 340 4-5-4-5-18-6 FS $549,000 Puamana #2B 1,532 #2B 2/2
191813 T A 957 4-5-4-5-18-21 FS $579,000 Puamana #6B 1,732 #6B 3/2
223620 T A 154 4-5-4-5-18-47 FS $599,000 Puamana #13C 1,532 #13C 2/2
215563 T A 203 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2

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

This unit was briefly listed from 5/06 to 8/06 for $625K. Nihlani 6A, a 3 bedroom 2.5 bath Makani unit is another great listing at $499K. Originally purchased for $770,080 in 2/07, this agent owned unit is also a short sale. Here are all the Makani units currently listed:

227872 T A 6 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
225391 T A 97 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 576 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5

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

Ali'i Kai 6103, previously on the market from 4/08 to 9/08 at $875K, is now back listed for $725K. This vacation rental ocean view unit was purchased for $710K in 4/05 leaving the seller with little bargaining room. Cliffs 8204, one of the few 4 bedroom Cliffs units, is listed for $995K and last sold for $135K as a leasehold in 4/87 then converted to fee simple in 7/89 for $33,600. Building 8 is the best building for ocean views and this unit offers views from the two downstairs bedrooms as well as the living area and kitchen upstairs. If you've been looking for a larger unit with water views, this may be it.

Three fractional Plantation shares are back on the market, two of which are for unit 621. They are listed for $150K and $170K while the fractional share of unit 921, also back on the market, is listed at $190K. Puamana 21B, purchased for $70,000 in 4/99 as a leashold and converted to fee simple in 7/00 for $35,700 is also back listed at $599K. This unit was listed before from 11/02 to 8/04 at $488K the whole time.

There were three sales this week, starting with the a fractional Plantation share of unit 621 on 9/21/09 for $150K. Mauna Kai 5A, a bank foreclosure, sold well above the list price of $219K, closing at $275K. This unit sold previously in 8/02 for $200K and was taken back by the bank in 7/09. Also closing this week is Pu'u Po'a 405, listed for $1.5M and selling for $1.050M. Purchased for $430K in 1/00 this unit started out at $1.59M then went as low as $1.295M before jumping back up to $1.5M.

Ali'i Kai 9G, listed for $380K and purchased for $151K in 12/99 expired after a total of 1,266 days on the market. Pali Ke Kua 130, an agent owned leasehold unit listed for $449K, which was purchased for $429K in 3/06 also expired with 427 days under it's belt. Puamana 11a, which last sold for $486,500 in 6/05 expired while listed for $499,500. Two Ali'i Kai units expired -5101 listed for $649K and purchased for $595K in 5/04 and 6102 listed for $839K and purchased for $140K in 8/98.

Pu'u Po'a 103, which sold for $695K in 7/03 was temporarily withdrawn listed at $1.179M. Puamana 24D, purchased for $268K in 9/03 and listed for $325K was withdrawn along with Plantation 1421, which sold for $536,066 in 2/06 and was listed for $557,777.

Price changes, as is often the case, are the biggest catagory starting with Ka'iulani 76, purchased from the developer in 4/07 for $900,570 and reducing this week from $1.2M to $1.1M. Now that what I call a price reduction. Sandpiper 134 reduced from $245K to $225K and last sold for $485K in 7/05. Paniolo 103 tweeked it's price yet again, going from $239,650 to $239K in an effort to stay on the daily update. This unit sold in 7/09 for $184,900. Sandpiper 217 reduced from $391,900 to $354K and last sold for $310K in 2/04. Nihilani 16A, purchased from the developer in 5/06 for $603,600 also tweeked the price, reducing by $1000 from $499K to $498K. Cliffs 7305, a third floor ocean view condo offering one bedroom and a loft bedroom, went from $665K to $615K. This unit was purchased for $242K in 8/00. The final reduction is Plantation 121, an agent owned unit purchased for $488,993 in 5/05. This unit went from $665K to $645K. Now on to your Princeville home update:

NEW LISTINGS
227993 RS A 4 4-5-4-18-24 FS $650,000 4679 Emmalani Dr 11,128 sqft 1,861 2/3
227655 RS A 5 4-5-4-16-68 FS $1,295,000 4401 Emmalani Dr 12,937 sqft 2,137 3/2

SALES
222919 RS S 69 4-5-4-17-2 FS $717,500 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5
SOLD 10/1/2009 for $642,000 (CASH) DOM 69

EXPIRED
219338 SH X 282 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
221587 SH X 216 4-5-4-9-49 FS $1,150,000 5289 Pokii Ln 20,868 sqft 3,510 4/4

WITHDRAWN
223501 RS W 154 4-5-4-19-14 FS $1,350,000 5101 Kuhina Pl 20,646 sqft 3,276 4/3.5

PRICE CHANGES
216647 RS A 363 4-5-4-18-17 FS $670,000- 4725 Emmalani Dr 10,248 sqft 1,388 2/2
206198 RS A 621 4-5-4-17-21 FS $999,000- 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5

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

I've been showing houses from Moloa'a to Haena this past week and want to mention a new listing located in Haena, across from Tunnel's beach with the unbelievable price of $975K. This house sits back on a flag lot so that although the address is on Kuhio Highway, the house is back far enough that road noise is not an issue. It's a great house where all you have to do is walk down the driveway, across the road and there's Tunnels. For those of you unfamiliar with Tunnels, it's a very popular snorkeling beach. If you've been looking for an affordable Haena home that doesn't need all kinds of work, call or email me about this great 2 bedroom 2 bath home that makes Haena living affordable. This house is not a vacation rental and cannot be converted to one if that is your goal. MLS 227671. That's my pick for this week. I have to mention my second pick which is on Kapaka in Princeville Ag: MLS 22786 for $995K. Call or email for details if you want a home on just over an acre that is nicely sized at 1,469 sqft.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Kauai Condo (and house) update for the week of Sep 20th to 26th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Mon, 28 Sep 2009 19:39:16 -0500

Aloha,

They finally finished up the sidewalks at the Cliffs and what a difference. It looks great. Renovation of buildings 7, 8 and 9 continues which means there'll be plenty of parking space for the next few weeks. It's pleasantly deserted while they do the work with only those people like myself, who own whole units, in residence. For those of you who don't know, the Cliffs at Princeville not only has whole ownership but there are also two timeshare organizations in here. I have timeshare above and below me (I'm on the second floor) and enjoy my rotating neighbors.

Also this week, the St. Regis Princeville Resort Hotel had a soft opening Saturday the 26th. Only the restaurants and hotel rooms are open - no stores will be open until after the first of the year. I opted to stay away but will check it out over the next day or two and will include some pictures of what I find. Can't wait to see what $38M will do for a place.

It's been slow the last few weeks, which is normal for this time of the year. There's usually not a whole lot of activity between when kids go back to school and the holiday season. Nevertheless, I've actually been surprised at some of the properties that have NOT gone into escrow, as I think there are some great bargains out there right now. Take Nihilani 19B for example at an unbelievable $425K as a short sale. It's not the best location, being right on the corner of Ka Haku and Pepelani Loop and in front of the speed bump, but my goodness, $425K for a condo of that quality is unheard of. If I had a beer budget and champagne taste, I'd take a good long look at this unit. While you may have a bit more noise than a unit in the interior of the complex, you cannot beat the price. And keep in mind, when we talk about noise, it is by Kauai and Princeville standards which is not the same thing as "mainland noise." No freeways or 4 lane residentail roads here!

I'm also suprised that my Pu'u Po'a 404 is still available. Compared to recent sales, this just seems like a no brainer if you want a top floor ocean view condo. Pu'u Po'a offers great square footage making it suitable for vacation rental or as a primary residence. There's several other units here and there that I would have thought would be in escrow by now, but buyers seem to think this market will last forever, and are waiting for.....I'm not quite sure what. I've said it before and I'll continue saying it - while there are many properties on the market, there are very few that you, as a buyer, will like well enough to buy. If you are fortunate enough to find something, it seems to me that it's better to pay a little more and get that unit instead of waiting for the absolute bottom of the market (how you're going to determine that at the time, I don't know) and end up with a good price on a unit that leaves you unimpressed. On to your update:

NEW LISTINGS
227781 T A 1 4-5-4-5-16-9 FS $477,000 Alii Kai At Hanalei #2101 1,086 #2101 2/2
227567 T A 5 4-5-4-5-16-6 FS $550,000 Alii Kai At Hanalei #1202 1,086 #1202 2/2

BACK ON THE MARKET
208900 T A 514 4-5-4-5-4-12 FS $497,000 Ka'eo Kai Ph I #2B 2,100 #2B 3/3

SALES
222343 SH S 155 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3
SOLD 9/21/2009 for $150,000 (A/S, CASH) DOM 155

UNDER CONTRACT
215869 T U 376 4-5-4-5-23-16 FS $449,900 Plantation At Princeville #422 1,318 #422 3/3

EXPIRED
216359 T X 365 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2

PRICE CHANGES
227816 SH A 9 4-5-4-15-21-28 FS $198,000+ Sandpiper Village I #128 1,042 #128 2/2
226523 T A 52 4-5-4-5-4-5 FS $219,000- Princeville Mauna Kai #5A 1,503 #5A 2/2
226124 T A 62 4-5-4-5-3-3 FS $239,700- Princeville Paniolo #103 1,058 #103 1/2
222233 T A 114 4-5-4-5-39-45 FS $250,000- Cliffs At Princeville #2205 917 #2205 1/2
227263 T A 23 4-5-4-5-24-46 FS $499,000- Nihilani At Princeville Resort #16A 1,406 #16A 2/2
222114 T A 199 4-5-4-6-1-25 FS $759,000- Villas Of Kamalii #25 1,825 #25 3/3

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

Both new listings this week are in Ali'i Kai: unit 2101 listed for $477K and 1202 listed at $550K. This is the first time both have been listed since they last changed hands. For unit 2101, that was in 11/04 when it sold for $451K. Unit 1202 sold for $135K back in 6/89.

Unfortunately, Ka'eo Kai 2B,which last sold for $240K in 4/01, is back on the market after going under contract on 8/21. It's always painful to see a unit in escrow fall out - let's hope a new buyer comes along quickly as it did for Plantation 422, a bank REO that fell out of escrow on 9/04 but is now back under contract this week. Let's hope the second time is a charm. 422 was purchased for $738K in 11/05 and taken by the bank in 6/08. This is a great top floor interior Plantation unit that just needs TLC and new appliances!

The only unit to close this week was another Plantation, unit 621 which sold yet another fractional share for $150K. This makes for two shares sold, with another currently in escrow and three remaining segments. Shares were previously priced at $180K back in 1/08 to 1/09. Nihilani 23, a resale listed at $575K expired this week. This unit sold from the developer on 11/06 for $685,160.

There were a few price changes this week along with a couple of "price manipulations" - small incremental changes made solely for the purpose of keeping the unit on the update page. The fractional share of Sandpiper 128 is one of those, going from $195K to $198K. This unit sold as a whole unit in 6/05 for $490K. Mauna Kai 5A, a bank REO, continued down going from $239K to $219K. This unit was foreclosed on in 7/09 and last sold for $200K in 8/02. Paniolo 103 which was purchased for $184,900 in 7/09 had an incremental change from $239,709 to $239,700. Cliffs 2205, a short sale purchased for $425K in 10/06 reduced from $265K to $250K. Nihilani 16A, purchased for $603,600 in 5/06 reduced from $548,500 to $499K. This is still high for the one story bottom floor Moana floor plan but it's getting there. These are the Nihilani units currently on the market. There are a few other developer units that are available but are not currently listed:

Copyright 9/27/2009 by Hawaii Information Service
225956 T A 17 4-5-4-5-24-56 FS $425,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.5
210598 T A 501 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
227263 T A 23 4-5-4-5-24-46 FS $499,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
226115 T A 349 4-5-4-5-24-50 FS $517,000 Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
220974 T A 229 4-5-4-5-24-63 FS $599,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3
227167 T A 30 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort #25B 1,567 #25B 2/2.5
210699 T A 507 4-5-4-5-24-31 FS $620,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2
225391 T A 90 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 569 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5

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

Villas of Kamali'i 25 the final reduction, went from $795K to $759K and last sold for $625K in 3/04.

Here is your Princeville home update:

WITHDRAWN
222510 RS W 134 4-5-4-23-76 FS $729,000 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5

TEMPORARILY WITHDRAWN
220108 RS T 197 4-5-4-16-19 FS $689,000 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2

PRICE CHANGES
221684 RS A 212 4-5-4-9-49 FS $2,195,000- 5289 Pokii Ln 20,868 sqft 3,510 4/4

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

Saturday we went down and applied for a marriage license at Pono Market. That's right, at Pono Market in Kapaa. If you have not been to this store, you owe it to yourself to visit. It is the most amazing place. Long ago, I worked a few doors down at Jim Saylor Jewelers, and this coupled with Pono Market was just about all that was needed to get married. At Pono, not only can you get your marriage license but you can also cater your wedding right out of their deli case, pick up a few lei's for the bridal party (yes, they have those too) and you're good to go. Grab your marriage officiant and you too can be married in paradise.

Ken helped us with everything, then asked if we wanted our picture taken so he could add it to his wall of "people who'd bought their license at Pono." I always knew Pono has everything and sitting there Saturday, watching the parade of people coming in and out, just confirmed it. If you like local food, this is the place to go. Me, I love the manju which is a floured confection with a yummy filling. They usually have sweet potato (my favorite) or apple - You'll find it on the counter by the cash register. If you need sunscreen or ice cream, or who knows what, you can find it all here. Next time you're in town, take a minute and go in. It's located in old Kapaa town, next to Pono Cleaner and Tropical Tantrum. (great place for Island dresses ladies!) A trip to Pono Market is an island tradition not to be missed. Thanks Ken!

Have a great week.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Pu'u Po'a 404 and the Cliffs

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Thu, 24 Sep 2009 15:36:32 -0500

Aloha from Paradise,

As I sit down at my desk to work today I am not alone. Take a look at what is going on outside my door:

Yes, they're out there pouring all the new sidewalks! They're eveywhere:

And if that's not enough activity for you, take a look off my back lanai where you'll see the cement truck pumping away.

I'll tell you what, these men work quickly and the sidewalks are shaping up in record time. If you've been here before you'll be pleasantly surprised on your next visit. In addition, if you had the opportunity to look out of my kitchen window to the lawn below you'd see a pickup truck parked there. Apparently this is where all the debris from the timeshare unit below is being tossed as they do the renovation. They had the truck there the other day as they demo'd the timeshare unit above me. I enjoyed watching the vertical blinds go sailing through the air with the greatest of ease as they were tossed from above into the waiting truck.

What I'm really excited about is Pu'u Po'a 404, one of the best buys in ocean front condos on the market. Pu'u Po'a is a contemporary, modern looking complex located a few steps from the soon to reopen (Oct 1st) newly renovated St. Regis Princeville Resort Hotel. Proximity to this hotel alone makes this complex one of the most desirable if not the most desirable complex on the North Shore. But this proximity is not the only claim to fame for this complex. It also offers unparalled views of the ocean and Bali Hai.

Here are the units currently on the market:
Copyright 9/24/2009 by Hawaii Information Service

225541 T A 80 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
222345 T A 188 4-5-4-12-11-3 FS $1,179,000 Puu Poa #103 1,354 #103 2/2
202256 T A 684 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 2/2

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

As you can see, Pu'u Po'a 404 is very well priced at $1.095M. This condo has been renovated and remodeled to include new cherry kitchen and bathroom cabinets, durable Silestones kitchen countertops and marble bathroom vanity countertops, stainless steel kitchen appliances, new water heater and plumbing supply lines, the cottage cheese ceiling was removed, refinished and repainted along with the rest of the unit and new ceiling fans were installed along with new light switches. The unit is partially furnished with everything but dining room furniture and chairs for the breakfast bar. A few pictures on the walls and you're ready to go.

What makes Pu'u Po'a so special are the views. Take a look at what your view is from every room but the second bedroom:

These are all the units that have sold since 1/1/09:

208628 T S 362 4-5-4-12-11-55 FS $1,099,000 Puu Poa #413 1,777 #413 2/2
SOLD 4/24/2009 for $1,000,000 (CASH, CNV) DOM 362

217448 T S 101 4-5-4-12-11-15 FS $1,300,000 Puu Poa #201 1,359 #201 2/2
SOLD 4/8/2009 for $825,000 (CNV) DOM 101

222524 T S 59 4-5-4-12-11-53 FS $1,500,000 Puu Poa #411 1,777 #411 2/2
SOLD 7/7/2009 for $1,300,000 (CASH) DOM 59

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, the last sale was for $1.3M on July 7, 2009. The sale of unit 201 for $825K was a great price but was for a unit in pretty much original condition which overlooks the pool. Pu'u Po'a 404 is a top floor unit offering unparalled views with an exceptional location. Don't miss out on this unit. If you'd like to have a look at the interior and additional views. click on this link for a super slideshow. http://www.photoshow.com/watch/Nv7ZH8MI

Vacant and on lockbox, Pu'u Po'a is easy to view. Just give me a call or call your agent for a showing. Don't let this opportunity pass you by.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and home update) for the week of Sep 13th to 19th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Mon, 21 Sep 2009 17:31:18 -0500

Aloha,

We enjoyed another beautiful week in Paradise although they've been ripping out the sidewalks at the Cliffs Condos and pouring new ones which are ADA compliant. At the same time, they've finally reached my building to start the renovations of the timeshare units which, along with the heavy equipment used for tearing out the concrete makes for a noisy environment. See for yourself:

At the same time, a friend of mine - a very talented friend of mine - created a faux bamboo wall in my bathroom that turned out simply amazing. It makes me feel like I am on a tropical island! Yes, I know we are but sometimes it's easy to get involved with work and forget. You simply must see it:

If you've been to Otsuka's Funiture Store in Kapaa, you've seen the work of the "Picky Painter" who also did my bamboo. Too cool. I'm happy to pass along her contact info if faux painting is in your decorating plans. Now on to your update.

NEW LISTINGS
227584 T A 1 4-5-4-15-21-28 FS $399,000 Sandpiper Village I #128 1,042 #128 2/2
227585 T A 3 4-5-4-15-21-65 FS $439,000 Sandpiper Village I #228 1,173 #228 2/2.5
227646 T A 1 4-5-4-5-13-2 FS $459,000 Kamahana #2 1,171 #2 2/2
227495 T A 3 4-5-4-5-7-26 FS $599,000 Princeville Sealodge #C6 564 #C6 1/1

CONTINGENT SALES
218646 T C 291 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
221307 T C 207 4-5-4-5-18-86 FS $335,000 Puamana #24A 1,312 #24A 2/2

SALES
221227 T S 90 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
SOLD 9/15/2009 for $223,000 (CNV) DOM 90

EXPIRED
225090 T X 19 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2
201428 T X 729 4-5-4-5-3-16 FS $425,000 Princeville Paniolo #116 1,058 #116 1/2

WITHDRAWN
176670 T W 1,067 4-5-4-5-16-57 FS $575,000 Alii Kai At Hanalei #7202 886 #7202 2/2
215563 SH W 199 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2

PRICE CHANGES
216277 T A 308 4-5-3-11-1-10 FS $925,000- Villas On The Prince #10 1,732 #10 3/3
226124 T A 54 4-5-4-5-3-3 FS $239,709- Princeville Paniolo #103 1,058 #103 1/2
225976 T A 63 4-5-4-12-2-15 FS $288,000- Hale Moi #115 1,033 #115 1/2
227584 T A 1 4-5-4-15-21-28 FS $399,000+ Sandpiper Village I #128 1,042 #128 2/2
227585 T A 3 4-5-4-15-21-65 FS $439,000+ Sandpiper Village I #228 1,173 #228 2/2.5
215869 T A 372 4-5-4-5-23-16 FS $449,900- Plantation At Princeville #422 1,318 #422 3/3
227646 T A 1 4-5-4-5-13-2 FS $459,000+ Kamahana #2 1,171 #2 2/2
225686 T A 72 4-5-4-5-16-57 FS $575,000- Alii Kai At Hanalei #7202 886 #7202 2/2
218777 T A 284 4-5-4-11-3-29 FS $799,000- Hanalei Bay Resort #H23 1,324 #5207-8 (H23) 2/2
222099 T A 185 4-5-4-6-1-4 FS $925,000- Villas Of Kamalii #4 1,766 #4 3/3
222345 T A 183 4-5-4-12-11-3 FS $1,179,000- Puu Poa #103 1,354 #103 2/2
176670 T W 1,067 4-5-4-5-16-57 FS $575,000- Alii Kai At Hanalei #7202 886 #7202 2/2
215563 SH W 199 4-5-4-5-18-76 FS $599,000+ Puamana #21B 1,700 #21B 3/2

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

The first new listing, Sandpiper 128 is sporting a new price of $399K down considerably from the prior times it was listed, starting with 6/07 to 10/07 when it went from $590K to $535K and again from 6/08 to 11/08 when it was listed at $479K and reduced to $459K before being withdrawn. It was also listed as a fractional from 7/06 to 5/07 with a variety of pricing depending on the time period desired. The pricing ranged from $299K to $190K when it was withdrawn. It is now listed as a whole unit with the option for half ownership also available. Sandpiper 228, which is owned by the same person who has 128, is also back on the market listed for $439K. This unit was previously listed in conjunction with the unit below, unit 128 for a combined priced of $1.295M in 6/07, reducing to $1.195M when it was withdrawn in 10/07. During the same time period it was listed as a 50% fractional share for $390K. It was then listed by itself from 6/08 to 11/08, starting at $539K and reducing to $499K by the time it expired. Both units were purchased in 6/05: 128 for $490K and 228 for $535K during the height of the market. Also listed by the same seller is Kamahana 2, purchased in 11/94 for $136K. This unit is listed for $459K as whole ownership and is also listed under a separate MLS # as a 50% fractional share for $250K. Our final new listing is Sealodge C6, purchased in 11/99 for $190K and listed for $599K.

Happily, two units went into escrow this week starting with one of the developer's Ka'iulani units, #51 listed for $1.749M. Puamana 24A, listed for $335K and purchased for $605K in 12/05 also went into escrow as a short sale. Paniolo 202, purchased for $120K in 5/94 as a leasehold and converted to fee simple in 11/94 for $27K closed at $223K with a list price of $235K. Once again, I'm happy to report capital gains for the seller.

Puamana 14B, listed for $390K and purchased for $625K in 3/06 expired after only 19 days on the market. This unit was a foreclosure, although it does not show as bank owed on the tax record at this time. Paniolo 116, which sold for $455K in 6/05 also expired after 729 days on the market. This unit started out at $519K and very very slowly worked its way down to $455K.

Ali'i Kai 7202, listed for $575K and purchased for $115K in 1/88, was withdrawn from the market after reducing from $675K to $575K. You'll also see this unit mentioned in the price changes portion of the update. Puamana 21B, which last sold for $70K in 4/99 as a leasehold and converted to fee simple in 7/00 for $35,700 was also withdrawn from the market while listed at $599K. It too had a price change prior to being withdrawn although this was an upswing, going from $389K to $599K.

As for price changes: there's plenty of them this past week! Villas on the Prince 10 reduced from $985K to $925K. This unit sold for $474,320 in 2/02 from the developer. Paniolo 103, recently purchased for $184,900 on 7/09 continued with small (and I do mean small) price changes for the sole purpose of keeping it on the daily update. Most recently, it reduced from $239,750 to $239,709! Hale Moi 115 is trying to stay competative, reducing this week from $325K to $288K. This unit sold for $444,500 in 12/04. Sandpiper 128 changed the pricing from $195K to $399K when they decided to list it as a whole unit instead of a fractional. The same is true for Sandpiper 228 which went from $250K to $439K. Plantation 422, a bank REO, reduced yet again from $469,900 to $449,900. Kamahana 2, which is owned by the Sandpiper seller, also changed pricing as it went from a fractional price to a whole price - from $250K to $459K. All three of this seller's units are still listed as fractionals under different MLS numbers.

As mentioned under the withdrawn section of this report, Ali'i Kai 7202 reduced before being withdrawn. Hanalei Bay Resort 5207-8, purchased for $950K in 9/05 reduced from $829K to $799K. Villas of Kamali'i 4, which sold for $900K in 3/07, reduced from $945K to $925K. Pu'u Po'a 103 saw the price drop from $1.259K to $1.179K. This unit sold for $695K in 7/03. The best price in Pu'u Po'a, in case you haven't heard me say this before, is unit 404 listed at $1.095M. Yes, it is my listing (I'm happy to say) and it is a stunning unit with new Cherry Cabinets, Silestone countertops plus many more upgrades. Here's all that's available in Pu'u Po'a at this time:

225541 T A 76 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
222345 T A 184 4-5-4-12-11-3 FS $1,179,000 Puu Poa #103 1,354 #103 2/2
202256 T A 680 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 2/2

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

Don't miss out on a great opportunity as this unit will get snapped up by someone when you least expect it. Puamana 21B, as noted under the withdrawn portion of this report, increased from $389K to $599K before coming off the market.

As for Princeville homes, here is your update:

NEW LISTINGS
227771 RS A 2 4-5-4-13-72 FS $1,125,000 3661 Albert Rd 10,466 sqft 2,655 3/3.5

BACK ON THE MARKET
220108 RS A 193 4-5-4-16-19 FS $689,000 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2
224862 RS A 82 4-5-4-13-63 FS $769,000 3737 Albert Rd 10,665 sqft 2,219 3/2

TEMPORARILY WITHDRAWN
220531 RS T 220 4-5-4-13-44 FS $799,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2

PRICE CHANGES
220108 RS A 193 4-5-4-16-19 FS $689,000- 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2
224862 RS A 82 4-5-4-13-63 FS $769,000+ 3737 Albert Rd 10,665 sqft 2,219 3/2
220949 RS A 194 4-5-4-20-14 FS $1,250,000- 5118 Iolani Pl 19,012 sqft 3,918 4/3.5

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

I apparently had the only new listing this week which is 3661 Albert Road. I have to say, this is a very well designed, well laid out, impeccibly maintained home built in 2006. The attention to detail is amazing, right down to bronzed jalousies and solar film on the windows. There's an extra storage room in the garage, which contains the 120 gal solar assisted water heater and a freezer for stocking up at Costco. Appliances in the laundry room, which is located just inside the house from the garage, consist of newer Maytag Nepture front load washer and dryer. The laundry room has a full bank of upper cabinets for all your storage needs as well as a laundry sink. Cooks will love the gourment kitchen with the large Island suitable for food prep, dish washing as well as funtioning as a breakfast bar. All the countertops, with the exception of the laundry room are granite slab. And did I mention the amazing tigerwood flooring throughout? You'll find this everywhere in the house except for the three master baths. These are just a few of the "extras" in this beautiful home. You should see the complete list of features in this house.

If you have any interest in 3661 Albert Road, please contact me or have your agent contact me to preview it for you. The sellers are motivated and welcome you or your agent to come check it out on your behalf. There's plenty of pictures on the MLS but I've also included a slideshow for your viewing pleasure. Click on the link for viewing: http://www.photoshow.com/watch/jp7zp8Az.

If you have any questions about what went on this week or about the market in general, please do not hesitate to call or email. Get the facts before you buy or sell.

Aloha Elaine

Sunset from the Kauai Beach Villa where we stayed after the Marathon.

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Condo (and house) update for the week of Sep 6th to 12th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 13 Sep 2009 18:33:24 -0500

Aloha,

This week has just flown by - maybe because it stated with completion of the Marathon last Sunday followed by two days of recovery. Nevertheless, here we are again, with a new update already. You'll see some new low pricing in Nihilani with the listing of yet another short sale. Here is your update:

NEW LISTINGS
227557 T A 3 4-5-3-6-22-2 FS $1,995,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5
225956 T A 3 4-5-4-5-24-56 FS $425,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.5
227490 T A 2 4-5-4-6-1-58 FS $759,000 Villas Of Kamalii #58 1,761 #58 3/3

SALES
222926 T S 125 4-5-4-5-24-66 FS $565,000 Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5
SOLD 9/11/2009 for $520,000 (CASH) DOM 125

223040 T S 87 4-5-4-11-3-127 FS $650,000 Hanalei Bay Resort #R25 867 #3201-2 Guava 1/2
SOLD 9/11/2009 for $525,000 (CNV) DOM 87

EXPIRED
215880 T X 359 4-5-4-5-16-33 FS $899,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2

WITHDRAWN
207580 T W 560 4-5-3-11-1-20 FS $869,000 Villas On The Prince #20 1,767 #20 3/3
207166 T W 581 4-5-3-6-22-59 FS $995,000 Kaiulani Of Princeville #59 1,892 #59 2/2.5
206788 T W 581 4-5-3-6-22-70 FS $995,000 Kaiulani Of Princeville #70 1,781 #70 2/2.5
224707 T W 88 4-5-4-12-2-16 FS $280,995 Hale Moi #116 1,033 #116 1/2
220906 T W 215 4-5-4-5-23-21 FS $505,000 Plantation At Princeville #611 1,153 #611 2/2

TEMPORARILY WITHDRAWN
220548 T T 226 4-5-4-5-23-22 FS $573,000 Plantation At Princeville #612 1,153 #612 2/2

PRICE CHANGES
226124 T A 48 4-5-4-5-3-3 FS $239,800- Princeville Paniolo #103 1,058 #103 1/2
225703 T A 65 4-5-4-15-21-34 FS $245,000- Sandpiper Village I #134 1,042 #134 2/2
225622 T A 67 4-5-4-5-18-39 FS $375,000- Puamana #11B 1,673 #11B 3/3
214167 T A 410 4-5-4-12-8-24 LH $449,000+ Pali Ke Kua Ii #130 1,100 #130 2/2
216921 T A 334 4-5-4-5-23-3 FS $665,000- Plantation At Princeville #121 1,318 #121 3/3
226466 T A 18 4-5-4-5-16-36 FS $899,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2

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

First up is a developer's Ka'iulani 2, listed at $1.995M. This unit was originally listed for $1.850M from 12/06 to 8/07 when it expired, then was relisted at the same price from 5/08 to 6/08 when it was withdrawn. It was most recently listed from 8/08 to 8/09 for $2.195M and expired at that price. Nihilani 19B, a short sale, sets a new low for the reverse floorplan Hoku model at $425K. This unit sold from the developer for $669,500 in 9/06. This unit should go fast. Villas of Kamali'i 58 is the last new listing, with a price of $759K. It was previously listed from 4/06 to 9/06 starting at $1.1M and reducing to $995K before it was withdrawn and again from 6/08 to 1/09, starting at $899K and reducing to $849K when it was again withdrawn. It was purchased for $432,155 in 5/03.

There were no properties that came back on the market nor any contingent sales this week. However, two units closed escrow, one of which was another Nihilani short sale, unit 22C which was purchased from the developer for $848,956 in 11/06. Initially listed for $620K, this Makani unit reduced down to $565K before finding a buyer and closed at the low price of $520K. Hanalie Bay Resort 3201/2, purchased in 4/92 for $240K and listed for $650K closed considerably below that list price at $525K. It should have, however, provided some capital gains for the seller.

Ali'i Kai 4301, listed at $899K and purchased for what now seems like an exceptionally high $1,157,500 in 6/06, expired with 359 market days. Villas on the Prince 20, which sold for $459,172 from the developer in 3/02 was withdrawn from the market as were two of the developer's Ka'iulani units, #59 and 70. Hale Moi 116, listed for $280,995 as a short sale and purchased for $459K in 10/04 was withdrawn. Perhaps we'll next see this unit as a foreclosure. Plantation 611, listed for $505K was withdrawn after 215 market days. It last sold for $630K in 10/06. Another Plantation, unit 612, listed at $573K and purchased for $455,402 in 10/05, was temporarily withdrawn.

Our price changes start with Paniolo 103 which just sold in 7/09 for $184,900 and was immediately relisted after some renovation. This unit reduced from $239,500 to $239K for the sake of keeping in on the daily update. Sandpiper 134, purchased for $485K in 7/05 reduced from $255K to $245K, while Puamana 11B went from $400K to $375K. 11B was purchased for $445,500 in 9/07. Pali Ke Kua 130, a leasehold unit, went the other way, going from $399K back up to $449K. This agent owned unit sold for $429K in 3/06. Plantation 121, another agent owned unit, reduced from $678k to $665K and last sold for $488,993 in 5/05 from the developer. The final reduction is Ali'i Kai 4304, purchased for $541,500 in 2/04. This unit reduced from $925K to $899K.

Now on to your Princeville Home update:

NEW LISTINGS
227438 RS A 2 4-5-4-19-17 FS $997,755 5104 Napo'okala Cir 15,139 sqft 3,848 4/3.5

CONTINGENT SALES
223822 RS C 132 4-5-4-13-6 FS $580,150 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

EXPIRED
226912 RS X 21 4-5-3-12-11 FS $1,595,000 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5

WITHDRAWN
205771 SH W 606 4-5-4-14-30 FS $340,000 3891 Kamehameha Rd 11,262 sqft 3,599 3/3
223456 RS W 142 4-5-4-16-26 FS $1,215,000 4979 Emmalani Dr 10,895 sqft 2,381 3/2.5
218120 RS W 252 4-5-4-8-62 FS $1,475,000 3812 Punahele Rd 14,573 sqft 2,900 3/2

TEMPORARILY WITHDRAWN
224862 RS T 76 4-5-4-13-63 FS $650,000 3737 Albert Rd 10,665 sqft 2,219 3/2
212538 RS T 449 4-5-4-17-9 FS $2,198,000 4881 Emmalani Dr 10,852 sqft 3,510 3/4

PRICE CHANGES
226809 RS A 27 4-5-4-20-33 FS $675,000- 3975 Punahele Rd 9,979 sqft 1,960 3/2.5

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 hasn't been a whole lot of activity out there. The one house that went into escrow, 3695 Kaweonui, has been in escrow twice before and fallen out both times. Maybe the third time will be a charm. Hopefully, as the Hotel comes back on line and the golf course become operational we'll see more buyers coming back to this area. There are some unprecedented buys out there if you have the time and patience to see a short sale through to it's conclusion and we are seeing more seller's finally come to terms with the market in the way of more realistic list prices. If you have any questions - you know who to ask. Get the facts before you buy or sell.

Aloha Elaine

PS I got engaged this past week too!

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Condo (and house) update for the week of Aug 30 to Sep 5

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Tue, 08 Sep 2009 16:02:58 -0500

Aloha,

I have a better than average reason for being late with this weeks update: I participated in the Kauai Marathon Sunday and spent yesterday recovering from the 26.2 mile jaunt. Even though I walked the better part of it, it was still no easy task but I'll wait to talk more about this on an upcoming blog specifically about my marathon experience. As for real estate, we did see some activity -see for yourself:

NEW LISTINGS
226997 T A 8 4-5-4-5-18-71 FS $369,000 Puamana #20A 1,532 #20A 2/2
227263 T A 4 4-5-4-5-24-46 FS $548,500 Nihilani At Princeville Resort #16A 1,406 #16A 2/2

BACK ON THE MARKET
207634 T A 564 4-5-4-5-39-16 FS $259,000 Cliffs At Princeville #1206 917 #1206 1/2
215869 T A 361 4-5-4-5-23-16 FS $469,900 Plantation At Princeville #422 1,318 #422 3/3
210598 T A 482 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
208801 T A 491 4-5-4-11-3-84 FS $489,000 Hanalei Bay Resort #N22 867 #N22 1/2

CONTINGENT SALES
223270 T C 146 4-5-4-5-27-19 FS $275,000 Hale Honu #10A 1,085 #10A 3/2
224825 T C 89 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
216008 T C 308 4-5-4-12-11-47 FS $1,500,000 Puu Poa #405 1,800 #405 2/2

SALES
209244 T S 448 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5
SOLD 9/3/2009 for $810,000 (CNV) DOM 448

EXPIRED
223828 SH X 133 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
183879 T X 1,095 4-5-4-5-39-163 FS $799,000 Cliffs At Princeville #7205 917 #7205 1/2
215650 T X 358 4-5-4-5-12-2 FS $999,900 Sealodge Ii #F2 567 #F2 1/1

WITHDRAWN
198214 T W 338 4-5-4-15-21-15 FS $429,000 Sandpiper Village I #115 1,042 #115 2/2

PRICE CHANGES
225703 T A 60 4-5-4-15-21-34 FS $255,000- Sandpiper Village I #134 1,042 #134 2/2
221307 T A 196 4-5-4-5-18-86 FS $335,000- Puamana #24A 1,312 #24A 2/2
208801 T A 491 4-5-4-11-3-84 FS $489,000+ Hanalei Bay Resort #N22 867 #N22 1/2
225402 T A 62 4-5-4-5-17-14 FS $519,900- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
211272 T A 13 4-5-4-5-16-35 FS $795,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
226466 T A 13 4-5-4-5-16-36 FS $925,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2

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

Our first new listing, Puamana 20A for $369,000 was previously listed from 5/05 to 6/05 for $495K and from 4/09 to 8/09 for $382,750 and was withdrawn both times. It last sold for $170K in 9/01. The same holds true for our second new listing, Nihilani 16A which is a short sale at $548,500. Purchased from the developer in 5/06 for $603,600, this unit was previously listed from 2/07 to 8/07 starting at $668K and reducing to $639K before it was withdrawn and again from 6/09 to 7/09 when it was withdrawn while listed at $575K.

Cliffs 1206, purchased for $520K in 9/05 and listed for $259K is back as a short sale after expiring. Also back on the market is the foreclosed Plantation 422 listed for $469,900. This unit went into escrow on 6/29 and is unfortunately available once again. Purchased in 11/05 for $738K it was foreclosed on by the bank in 6/08. One of the developer's Nihilani 3 bedroom 2.5 bath Makani units, 3B, listed for $485K is also back on the market along with Hanalei Bay Resort N22, priced at $489K. This unit was purchased for $469,900 in 1/06 and was previously listed for $329K when it was withdrawn on 8/9. It can back on the market at the higher price of $489K and is also listed under the price changes portion of this report.

I'm happy to report that several units went into escrow this past week. Hale Honu 10A, purchased for $510K in 8/05 and listed for $274K went into escrow as a short sale. Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 went into escrow after 84 market days listed at $359K. Pu'u Po'a 405, listed for $1.5M and purchased for $430K in 1/00 also went into escrow after 303 market days.

There was finally a resale in Ka'iulani with unit 63, purchased for $975K in 3/08. This agent owned unit provided a tax write off by closing at $810K while listed at $894K.

A fractional share of Plantation 621 listed for $170K expired with 133 market days. Cliffs 7205, listed at $799K and purchased as a leasehold unit in 4/81 for $165K and converted to fee simple in 4/92 for $21K, expired after a healthy 1,095 days on the market with no price reductions. Sealodge F2, listed for $999,900 expired with 358 days on the market. This unit last sold for $268K in 7/01.

Sandpiper 115, listed at a high $429K, was withdrawn after 338 days on the market. This unit shows as selling for $180K in 12/01 then being quit claimed to the bank on 7/09 for $238K.

As for price reductions: Sandpiper 134 reduced from $265K to $255K and last sold for $485K in 7/05. Also reducing is Puamana 24A, purchased for $605K in 12/05. This unit went from $370K to $335K. Hanalei Bay Resort N23 went up to $489K from $329K. Ali'i Kai 9F, purchased for $560K in 9/05, reduced from $565K to $519,900. Ali'i Kai 4303 went the other way, from $795K to $815K. This unit sold for $490K in 12/03. Yet another Ali'i Kai changed price, unit 4304, this time as a reduction from $940K to $925. This unit last sold for $541,500 in 2/04.

On to your Princeville home update:

NEW LISTINGS
226593 RS A 7 4-5-4-6-12 FS $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2

BACK ON THE MARKET
206819 RS A 501 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2
208122 RS A 558 4-5-4-7-19 FS $1,135,000 3928 Punahele Rd 9,999 sqft 1,694 3/2

EXPIRED
218518 RS X 264 4-5-4-23-71 FS $849,000 3784 Mapuana Pl 9,985 sqft 1,857 3/2.5

WITHDRAWN
215902 RS W 713 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2

PRICE CHANGES
224805 RS A 92 4-5-4-23-46 FS $549,000- 3785 Moae Pl 6,894 sqft 1,199 2/2
223822 RS A 127 4-5-4-13-6 FS $580,150- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

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

That's it for this week. Don't forget to call or email for the facts before you buy or sell.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

August 2009 Kauai Market Statistics

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Wed, 02 Sep 2009 21:19:31 -0500

Aloha,

Ok, so it wasn't a blazing hot summer selling season. We've experienced those in the past and this month was not it. Nevertheless, we did see some buyers pick up some nicely priced properties throughout the Island this past month, in fact, 43 properties changed hand in Aug 09 compared to only 42 in Aug 08. We are definitely down for the year to date with 305 having sold so far compared to 431 last year this time. Just to give you an idea of years past, in 07 year to date there were 680 sales, 06=1160 transactions, 05=1180 and year to date 2004 there were 1168 sales. Plenty of room for improvement which I'm sure will occur over the next few years.

Of the 43 properties that sold, 22 were residential, 6 land, and 15 were condos. Waimea zone had 3 residential sales, Koloa zone saw 2 residential sales, 1 land sale, and 3 condo sales, Lihue had 3 homes, 1 land and 3 condos, Kawaihau had 8 houses sell, 2 land and 2 condos and Hanalei had 6 homes sell, 2 land sales and 7 condos.

Of course, sales volume was also down with August 09 posting $21M in sales compared to $35M in Aug 08. These numbers pale in comparison to years past with $50M in sales for Aug 07, $70M in Aug 06, $124M in Aug 05 and only $95M in Aug 04. Year to date sales for Aug 09 are $189M compared to $365M this time last year, $586M for year to date Aug 07, $769M for year to date 06, $805M in 05 and $652M in 04.

Yes, we have seen more active times but keep in mind, those days will eventually return, leaving many a buyer out in the cold when it comes to their ability to buy. It's a slow market but it's also the very best time to get your foot in the door. Just think if you were a seller, you'd probably lay out the red carpet to get a buyer to your door if you really want to sell. "Really want to sell" is the operative word here because there are still too many sellers who seem to think the market doesn't apply to them. Why they don't just take their properties off the market instead of continuing to live in the dream world that someone will come along and give them above market value is beyond me. But I'll save that for another time. To continue....

As you might expect, median sales price is also down. Residential median for Aug 09 was $478K, for 08 it was $530K, 07=$624K, 06=$780K, 05=$644K and 04 was $507K. Keep in mind we are talking median and not average pricing here. Here is the list of homes which sold this past August, which resulted in the median price of $478K:

Copyright 9/2/2009 by Hawaii Information Service
219935 4914 Aliali Rd #5 8/31/2009 $213,741
221776 4836 Puuwai Rd #A 8/4/2009 $290,000
225839 4871 Iiwi Road #B 8/26/2009 $313,000
223522 3834 Koula Rd 8/13/2009 $330,000
224729 2305 Liliuokalani St 8/7/2009 $362,500
224618 6420 Kawaihau Rd #1 8/7/2009 $364,000
223177 1614 Kuahale St 8/12/2009 $365,000
223411 3295 Kilikina Pl 8/7/2009 $370,000
194517 4486 Komohana Pl 8/17/2009 $371,000
219579 2420 Liliuokalani St 8/17/2009 $450,000
224464 9490 Keolewa St 8/14/2009 $471,000
224573 4155-A Kawili St #1 8/28/2009 $485,000
221590 4413 Kai Ikena Dr 8/10/2009 $515,000
195358 337 Eggerking Rd 8/3/2009 $526,000
220055 8664 Elepaio Rd 8/31/2009 $528,000
224630 182 Lihau St 8/13/2009 $539,000
216585 Kolo Rd 8/4/2009 $580,000
226592 6255 Hauiki Rd #1 8/7/2009 $680,000
210609 6969 Holopono Pl 8/18/2009 $1,050,000
214070 4460 Aku Rd 8/26/2009 $1,075,000
211867 6242 Kahiliholo 8/14/2009 $1,600,000
201513 2380-C ‘iwalani Ln 8/12/2009 $2,100,000

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

Median sales price for condos this August was $300K, Aug 08 was $299K, 07=$587K, 06=$452, 05=$467K and 04=$349K. Here is the list of condos which resulted in the $300K median sales price:

Copyright 9/2/2009 by Hawaii Information Service
225346 Islander On The Beach #321 8/7/2009 $129,900
225705 Plantation Hale #A9 8/7/2009 $145,000
210709 Kiahuna Plantation #439 8/28/2009 $160,000
193285 Kiahuna Plantation #404 8/14/2009 $170,000
219991 Banyan Harbor #65 8/7/2009 $217,500
226674 Banyan Harbor #108 8/12/2009 $275,000
220199 Kamahana #4 8/12/2009 $276,000
221360 Hale Moi #216 8/26/2009 $300,000
223488 Sandpiper Village I #130 8/26/2009 $300,000
218270 Kiahuna Ph Ii #111 8/24/2009 $330,000
211884 Regency Huleia #75 8/26/2009 $340,000
221018 Sealodge Ii #J1 8/6/2009 $585,000
209062 Nihilani At Princeville Resort #17C 8/18/2009 $640,000
210693 Nihilani At Princeville Resort #10A 8/14/2009 $645,000
221737 Pali Ke Kua Ii #228 8/12/2009 $725,000

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 happy to report that I contributed to the count this August on both the sale of a condo, Hale Moi 216 for $300K as the list agent and the sale of a house, 4871 Iiwi for $313K as the buyer's agent. For a complete review of this month's market statistics click here to go to my website, www.kauairealestatenow. You'll find the monthly market statistics tab along the left side of the website. Until next month, happy house buying and selling.

Aloha Elaine

A wild orchid on the Moalepe trail

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Condo (and House) update for August 23rd to 29th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Mon, 31 Aug 2009 20:19:07 -0500

Aloha,

Although the first day of fall isn't until September 22, for all intents and purposes the summer selling season has come to an end with a whimper! Yes a whimper! Sure we had some sales but not nearly enough to even begin to consider this a hot summer season. Buyers continue to stand on the sidelines waiting to see what will happen next. Unfortunately, at the same time Fannie Mae and Freddie Mac continue to change guidelines which results in more "hoop jumping" when it comes to obtaining a loan, unless, of course, you are a first time home buyers which seems to be where the financial incentives and benefits are focused on at this time. Let's just hope when buyers finally think pricing is where they want it, the lenders are still interested in lending. Here is your update:

NEW LISTINGS
222149 T A 5 4-5-4-5-18-1 FS $325,000 Puamana #1A 1,312 #1A 2/2
226998 T A 4 4-5-4-12-2-39 FS $349,000 Hale Moi #219 1,033 #219 1/2
208369 T A 5 4-5-4-5-39-127 FS $525,000 Cliffs At Princeville #5205 917 #5205 1/2
227167 T A 3 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort #25B 1,567 #25B 2/2.5
211272 T A 5 4-5-4-5-16-35 FS $795,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2
227179 T A 3 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
226466 T A 5 4-5-4-5-16-36 FS $940,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2

CONTINGENT SALES
220078 T C 220 4-5-4-5-3-19 FS $239,000 Princeville Paniolo #204 1,058 #204 1/2

SALES
221360 T S 148 4-5-4-12-2-36 FS $345,000 Hale Moi #216 1,033 #216 2/2
SOLD 8/26/2009 for $300,000 (CASH) DOM 148

223488 T S 64 4-5-4-15-21-30 FS $349,000 Sandpiper Village I #130 1,042 #130 2/2
SOLD 8/26/2009 for $300,000 (CNV) DOM 64

UNDER CONTRACT
209244 T U 448 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5

WITHDRAWN
204980 SH W 562 4-5-4-5-23-28 FS $175,000 Plantation At Princeville #722 1,318 #722 3/3
212672 SH W 654 4-5-4-12-11-7 FS $297,500 Puu Poa #107 2,065 #107 2/2
226710 T W 268 4-5-4-5-23-30 FS $445,000 Plantation At Princeville #812 1,153 #812 2/2
183699 T W 1,092 4-5-4-5-23-25 FS $619,000 Plantation At Princeville #711 1,153 #711 2/2

TEMPORARILY WITHDRAWN
217010 SH T 311 4-5-4-6-1-49 FS $230,000 Villas Of Kamalii #49 1,825 #49 3/3
217215 SH T 311 4-5-4-6-1-49 FS $245,000 Villas Of Kamalii #49 1,825 #49 3/3
200456 T T 722 4-5-4-12-11-14 FS $1,425,000 Puu Poa #114 2,065 #114 2/2

PRICE CHANGES
225703 T A 52 4-5-4-15-21-34 FS $265,000- Sandpiper Village I #134 1,042 #134 2/2
200564 T A 14 4-5-4-5-16-2 FS $498,000- Alii Kai At Hanalei #1102 1,086 #1102 2/2
222635 T A 115 4-5-4-5-12-19 FS $499,000+ Sealodge Ii #H1 556 #H1 1/1
218310 T A 224 4-5-4-12-5-9 FS $719,900- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
220840 T A 177 4-5-4-6-1-33 FS $879,000+ Villas Of Kamalii #33 1,825 #33 3/3

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

Puamana 1A is a re-entry to the new listing catagory, having been previously listed from 11/06 to 2/07, starting at $588K and reducing to $545K, and again from 6/08 to 1/09, during which time it went from $515K to $440K. This time around it is listed for $325K, and will still yield a capital gain should it sell anywhere near this price, as the seller paid $157K for the unit in 7/01. Also back on the market for another try is Hale Moi 219, currently listed for $349K and last selling for $493K in 3/05. This short sale was previously listed from 12/08 to 4/09 starting at $539K and reducing to $493K. Cliffs 5205, which last sold for $600K in 6/05 is new on the market listed at $525K. Nihilani 25B, purchased for $776K in 12/06 is listed at $599K for the two bedroom, 2.5 bath Moana floor plan. Ali'i Kai 4303, which sold in 12/03 for $490K is listed for $795K. Villas of Kamali'i 54, which was listed from 5/06 to 1/07 for $1.185M before reducing to $1.095M is new this week at $849K. This unit sold for $607,500 in 11/03. The final new listing is Ali'i Kai 4304, priced at $940K. This unit was purchased for $541,500 in 2/04.

To offset all those new and returning listings, we had one unit go into escrow this past week: Paniolo 204 listed at $239K. This short sale last sold for $337,500 in 6/04. Two unit closed escrow one of which is Hale Moi 216. Purchased in 3/05 for $460K, and listed for $345K this unit ended up providing a tax write off by selling for $300K. Sandpiper 130 also closed for $300K while listed for $349K. It last sold for $238K in 6/03.

Ka'iulani 63, an agent owned unit purchased for $975K in 3/08 went under contract listed at $894K and will undoubtedly also be a tax write off.

Several units were withdrawn, a couple of which were fractional shares. Plantation 722 listed for $175K and Pu'u Po'a 107, listed for $297,500 both which were for 60 days of ownership, are now off the market. Plantation 812, purchased for $729K in 6/06 withdrew after 268 days as did Plantation 711 after a mere 1,092 days on the market. This unit sold for $455,402 in 9/05.

Two fractional share of Kamali'i 32 were temporarily withdrawn while listed at $230K and $245K. This unit sold for $509,400 in 10/03. Pu'u Po'a 114, listed for $1.425M and purchased for $1.4M in 3/05 was also temporarily taken off the market.

As for price changes, Sandpiper 134, which last sold for $485K in 7/05 reduced from $275K to $265K as a short sale. Ali'i Kai 1102, purchased for $100K in 11/87, reduced from $525K to $498K. Sealodge H1 went the other way, with an optimistic price increase of $100K, going from $399K to $499K. This cancels out a price reduction on 6/14 when the price went $100K the other way - from $499K to $399,999. This unit last sold for $560K in 8/05. Pali Ke Kua 109 finally posted a respectable reduction after approximately 2 months of reducing by $500 a day. Purchased in 12/03 for $621,400, this unit reduced from $799K to $719,900. The seller of Villas of Kamali'i 33 apparently changed their minds on their price change. Purchased in 7/04 for $649K, this unit shows as reducing from $879K to $719,900 and back up again to $879K on 8/24. And that's it for this past week. Now on to your Princeville homes update:

NEW LISTINGS
227009 RS A 5 4-5-3-12-3 FS $1,988,800 4043 Aloalii Dr 8,972 sqft 3,588 3/3.5
227098 RS A 4 4-5-4-18-45 FS $697,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5

CONTINGENT SALES
223366 RS C 136 4-5-4-15-1 FS $471,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2

EXPIRED
221534 RS X 161 4-5-4-13-48 FS $799,000 3677 Keoniana Rd 11,432 sqft 2,066 3/2.5

PRICE CHANGES
210722 RS A 488 4-5-4-18-7 FS $850,000- 4170 Mahina Pl 10,751 sqft 2,310 2/3.5

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

Enjoy the rest of your summer. I did, with a return hike in Kapaa along the Moalepe trail which connects to the Kailau trail ending at a great swimming hole by the arboretum. Great views along the way.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of August 16th to 22nd

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 23 Aug 2009 15:23:20 -0500

Aloha,

It's been a relatively slow week which is reflected in the rather sparse condo update this week. There's been a few showings here and there but by and large, it seems like things have quieted down as we approach the end of summer. So much for a hot summer market! The reality is that the market is still soft, with numerous overpriced properites, several good buys and buyers sitting on the sidelines in both cases. Of course, there are some exceptions, but slow is (unfortunately) the operative word right now. Here is your update for this past week:

NEW LISTINGS
200564 T A 6 4-5-4-5-16-2 FS $525,000 Alii Kai At Hanalei #1102 1,086 #1102 2/2
226784 T A 2 4-5-4-6-1-12 FS $839,000 Villas Of Kamalii #12 1,825 #12 3/3
226738 T A 6 4-5-4-5-16-42 FS $874,000 Alii Kai At Hanalei #5202 1,086 #5202 2/2

SALES
209062 T S 421 4-5-4-5-24-51 FS $695,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.5
SOLD 8/18/2009 for $640,000 (CASH) DOM 421

UNDER CONTRACT
208900 T U 508 4-5-4-5-4-12 FS $497,000 Ka'eo Kai Ph I #2B 2,100 #2B 3/3

PRICE CHANGES
223270 T A 130 4-5-4-5-27-19 FS $275,000- Hale Honu #10A 1,085 #10A 3/2
224707 T A 69 4-5-4-12-2-16 FS $280,995- Hale Moi #116 1,033 #116 1/2

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

Ali'i Kai 1102 is the first new listing this week, priced at $525K. This owner looks like one of the "originals" as the unit was purchased back in 11/87 for $100K. This is the first time on the market since that time. Villas of Kamai'i 12 is back on the market listed at $839K. This is quite a bit less from the previous list price of $900K when it was listed from 3/08 to 3/09. It was also listed from 3/09 to 7/09 for $875K. This unit last sold for $750K in 6/05. Ali'i Kai 5202 is the final new listing at $874K. This unit sold for $405K in 7/03 and was previously listed from 9/06 to 2/07 for $1.195M before it was withdrawn with 120 market days.

Nihilani 17C, purchased from the developer in 8/06 for $822,870 sold for $640K after 421 days on the market. This agent owned unit started out at $875K and slowly reduced, reaching the list price of $695K in 11/08. This is a surprisingly good price for this unit considering that 14A just went into escrow as a foreclosure listed at $489,900 and 22C is in escrow listed at $565K. All three of these units are the same Makani floor plan.

Ka'eo Kai 2B, listed for $497K finally went into escrow after 508 market days. Originally selling for $240K in 4/01, this unit started out at $650K slowly reducing over time.

As for price reductions: Hale Honu 10A purchased in 8/05 for $510, reduced this week from $325K to $275K as a short sale. Hale Moi 116, which last sold for $459K in 10/04 reduced from $297,500 to $280,995 and is also a short sale. Now on to your Princeville home update:

NEW LISTINGS
226912 RS A 3 4-5-3-12-11 FS $1,595,000 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5
226863 RS A 5 4-5-4-16-79 FS $769,500 4105 Kekaulike Ln 10,408 sqft 1,700 2/2
226809 RS A 6 4-5-4-20-33 FS $799,000 3975 Punahele Rd 9,979 sqft 1,960 3/2.5
226808 RS A 5 4-5-4-23-50 FS $849,000 3788 Moae Pl 6,974 sqft 1,937 3/2

BACK ON THE MARKET
222510 RS A 103 4-5-4-23-76 FS $729,000 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5
220949 RS A 166 4-5-4-20-14 FS $1,345,000 5118 Iolani Pl 19,012 sqft 3,918 3/3.5

WITHDRAWN
222745 RS W 140 4-5-4-23-35 FS $599,000 3793 Moae Pl 6,386 sqft 1,651 3/2

TEMPORARILY WITHDRAWN
215902 RS T 713 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2

PRICE CHANGES
226912 RS A 3 4-5-3-12-11 FS $1,595,000- 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5
224854 RS A 72 4-5-4-19-19 FS $727,800- 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
200621 RS A 729 4-5-4-21-7 FS $790,000+ 3770 Cr Kaweonui Rd/alber 10,737 sqft 2,184 3/2.5
220531 RS A 197 4-5-4-13-44 FS $799,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
220949 RS A 166 4-5-4-20-14 FS $1,345,000- 5118 Iolani Pl 19,012 sqft 3,918 3/3.5
200380 RS A 719 4-5-4-13-7 FS $1,595,000- 3687 Kaweonui Rd 11,420 sqft 3,588 4/3.5
225837 RS A 9 4-5-4-7-6 FS $1,695,000- 3932 Namakeha Lp 12,575 sqft 2,848 4/3.5

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

Lots of old/new listings, homes back on the market and price reductions but no homes went into escrow and none closed this past week. Buyer's continue to sit (on the fence) prices continued to soften, short sales and foreclosures increase, inventory grows.....

It's amazing - the difference in buyers now and back when it was a seller's market. Back "then" a buyer overlooked so many things in a property for the sake of getting it into escrow and making the sale. If things were wrong, unless they were major, most buyers just asked for a little concession or they took the property as is with plans for improvements down the road. Now, it seems that most buyers want something ready to go, something that has been remodeled or updated or at the very least, is very clean and livable. Everything is closely examined, weighed and a decision made as to if the price warrants the condition of the property. The contrast is amazing.

It's a different market, and a different type of buyer to be sure but make no mistake - it is a GREAT market. It's a great market with wonderful pricing, lots of variety, great rates and negotiable sellers. It's a time when a buyer can actually achieve the dream of home ownership. What could be better than that?

Before you start out on your journey to buy or sell, call or email for the facts on the property that interests you. There are some special properties out there, you just have to take the time to look. Check out Pu'u Poa 404 listed for only $1.095M! Last sale was unit 411 for $1.3M.

Aloha Elaine

I always ride Incognito with a full face helmet!

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

July 2009 Kauai Market Statistics

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Tue, 18 Aug 2009 19:02:03 -0500

Aloha,

Welcome to the July Market Statistics update. Real estate continues to lag as we head into the last month of summer, which hasn't turned into the hot market everyone hoped for. For the month of July 09, there was an 18% decrease over sales compared to July 2008, down from 60 to 49, and a 32% decline year to date, from 389 at this time in July 08 to 262 in 09. Comparing these totals to years past, July 07 had 83 sales, 06 = 96 sales, 05=167 sales and 04=154 sales.

The majority of the sales were residential in nature, with 27 homes sold, 6 land sales, 1 commercial sale and 15 condos. This is a list of all the homes that sold this past month:

MLS Data
MLS Number Location Sold Date Sold Price
220533 4912 Aliali Rd #3 7/31/2009 $172,500
214504 8093 Amakihi Pl 7/23/2009 $310,000
221770 4614 Palila Loop 7/30/2009 $340,000
224385 4752 Menehune Rd 7/6/2009 $350,000
213090 4875 Aliali Rd 7/27/2009 $365,000
199693 3280 Hailima Rd 7/15/2009 $375,000
219633 6137 Kolopua St #1 7/31/2009 $378,000
223867 5047 Kula Rd 7/31/2009 $379,000
223808 7743 Ulili Rd 7/27/2009 $392,500
214276 577 Aewa St 7/10/2009 $405,000
210078 3787 Nanakai Rd 7/21/2009 $410,000
222284 4573 Kuilei St 7/20/2009 $450,000
208667 Moloaa & Kaapuna Hui Lands Lot #:J 7/23/2009 $530,000
215901 4460 Puhi Rd 7/8/2009 $545,000
224917 3979 Pai St 7/31/2009 $620,000
223680 4320 Kalaheo Dr 7/17/2009 $680,000
221094 4901 Wailapa Rd #A 7/1/2009 $725,000
220690 5729 Noni St 7/31/2009 $778,000
217823 6440-J Kipapa Rd #A 7/22/2009 $808,000
212776 2829 Milo Hae Loop 7/24/2009 $1,100,000

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

The greatest activity was in the Hanalei zone which saw 8 residentail sales, 3 land sales and 3 condo sales. Close behind Hanalei was the Koloa zone with 7 residential sales, 1 land sale, and 5 condo sales

Sales volume was down substantially, from $48M to $25M comparing July 08 to 09 which represents a 46% decrease. Year to date for July 08 showed sales of $330M while July 09 year to date only posted $168M in sales for a 49% decline. Compared to past years, July 07 posted $70M, 06=$60M, 05=$113M and 04=$131M. Spread among the various catagories of real estate, there was $14M of residential property that changed hands in July 09, $2.8M of land, $350K was commercial and $8M was spent on condos.

Median price for residential in July 09 compared to 08 went to $450K from $575K. For July 07 the median price was $678K, 06 was $745K, 05=$690K and 04 was at $485K. Land median price for July 09 was $296K compared to $514K in 08. Land median prices for the past few years were as follows: July 07=$536K, 06=$446K, 05=$589K and 04 was $602K. Condominiums saw a rise this July 09 with a median price of $525K compared to $435K in July 08, $575K in July 07, $477K in July 06, $440 in July 05 and $370K in July 04.

Here are the condo sales for July 09 which shows the $525K median price:

MLS Data
MLS Number Location Sold Date Sold Price
224555 Kauai Beach Resort #4206 7/30/2009 $94,100
223538 Kauai Beach Resort #2522 7/8/2009 $99,000
221064 Halelani Village At Puhi Ph I #A201 7/30/2009 $165,000
221121 Princeville Paniolo #103 7/20/2009 $184,900
191109 Kauai Beach Villas #G3 7/1/2009 $375,000
218983 Pono Kai #C209 7/24/2009 $380,000
226176 Villas At Puali #82 7/27/2009 $400,000
220809 Regency At Poipu Kai #414 7/30/2009 $525,000
221524 Waipouli Beach Resort #C401 7/17/2009 $535,000
226288 Regency At Poipu Kai #120 7/29/2009 $600,000
223314 Villas Of Kamalii #44 7/13/2009 $600,000
222144 Kiahuna Ph Ii #165 7/15/2009 $675,000
206901 Poipu Sands #428 7/20/2009 $800,000
222524 Puu Poa #411 7/7/2009 $1,300,000
206968 Honu Kai Villas #4 7/10/2009 $1,625,000

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

Here are the July 08 condo sales showing the mid point median price of $435K:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
210506 Islander On The Beach #168 7/3/2008 $180,000
213554 Prince Kuhio #402 7/16/2008 $200,000
208994 Prince Kuhio #402 7/10/2008 $200,000
203269 Kawaihau Sports Villa #D101 7/3/2008 $225,000
205067 Plantation Hale #G1 7/29/2008 $230,000
207420 Halelani Village At Puhi Ph Ib #S202 7/15/2008 $235,000
212437 Puamana #26B 7/29/2008 $325,000
204373 Villas At Puali #24 7/16/2008 $435,000
206958 Plantation At Princeville #511 7/3/2008 $525,000
214012 Plantation At Princeville #712 7/23/2008 $529,000
202868 Alii Kai At Hanalei #1103 7/29/2008 $595,000
201078 Kiahuna Ph Ii #116 7/10/2008 $700,000
204295 Hanalei Bay Villas #4 7/14/2008 $845,000
189783 Poipu Makai #A3 7/29/2008 $900,000
197083 Hanalei Bay Resort #G32 7/30/2008 $1,350,000

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

Here is your data for the July 07 figure of $575K:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
194926 Lihue Townhouse #207 7/24/2007 $215,000
159182 Plantation Hale #B3 7/20/2007 $244,000
185027 Kalapaki Villas #2503 7/11/2007 $297,000
196350 Banyan Harbor #97 7/2/2007 $335,000
189884 Kiahuna Ph Ii #80 7/27/2007 $340,000
196188 Kiahuna Ph Ii #110 7/10/2007 $372,000
188991 Koloa Garden Apartments #1 7/26/2007 $440,000
194312 Cliffs At Princeville #3108 7/18/2007 $452,000
176739 Lihue 7/18/2007 $455,000
194715 Waikomo Stream Villas #100 7/9/2007 $490,000
173420 Pono Kai #C302 7/12/2007 $490,000
176125 Kahala At Poipu Kai I #913 7/27/2007 $525,000
198314 Plantation At Princeville #922 7/11/2007 $566,815
193039 Plantation At Princeville #1411 7/6/2007 $575,000
195791 Cliffs At Princeville #7202 7/31/2007 $575,000
180726 Regency At Poipu Kai #123 7/16/2007 $639,000
195485 Kiahuna Ph Ii #139 7/27/2007 $650,000
194769 Plantation At Princeville #322 7/16/2007 $700,000
194831 Emmalani Court #524 7/3/2007 $700,000
192490 Kiahuna Ph I #28 7/10/2007 $765,000
191642 Emmalani Court #222 7/11/2007 $815,000
194159 Hanalei Bay Villas #12 7/20/2007 $925,000
193205 Villas Of Kamalii #51 7/3/2007 $975,000
189633 Hanalei Bay Resort #A11 7/6/2007 $1,695,000
152046 Kaiulani Of Princeville #31 7/16/2007 $1,822,350
152044 Kaiulani Of Princeville #29 7/31/2007 $1,825,850
152047 Kaiulani Of Princeville #32 7/6/2007 $1,903,800

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

MLS Data
MLS Number Location Sold Date Sold Price
174065 Kauai Beach Resort #2411 7/13/2006 $249,000
163067 Plantation Hale #D12 7/27/2006 $275,000
177763 Kauai Beach Resort #2539 7/20/2006 $284,000
133007 Lihue 7/28/2006 $292,728
143118 Lihue 7/6/2006 $293,434
169665 Halelani Village At Puhi Ph Ib #T202 7/19/2006 $300,000
181528 Kauai Beach Resort #1326 7/20/2006 $305,000
181525 Kauai Beach Resort #2432 7/20/2006 $320,000
147245 Lihue 7/28/2006 $323,262
167619 Kiahuna Ph Iv A #230 7/13/2006 $325,000
181531 Kauai Beach Resort #3219 7/20/2006 $330,000
154012 Plantation Hale #H15 7/18/2006 $330,000
173368 Kauai Beach Resort #2440 7/7/2006 $346,000
174139 Banyan Harbor #A6 7/21/2006 $350,000
173400 Halelani Village At Puhi Ph Ic #Y206 7/25/2006 $390,000
175972 Kauai Beach Resort #2522 7/5/2006 $399,000
176140 Kauai Beach Resort #4110 7/14/2006 $405,000
151405 Regency Huleia #36 7/10/2006 $444,000
151585 Regency Huleia #39 7/21/2006 $459,000
151258 Regency Huleia #41 7/18/2006 $459,000
151457 Regency Huleia #44 7/21/2006 $459,000
173701 Lihue 7/26/2006 $473,527
176735 Lihue 7/31/2006 $477,181
181521 Kauai Beach Resort #4114 7/20/2006 $485,000
173713 Regency Huleia #25 7/14/2006 $495,000
181530 Kauai Beach Resort #4213 7/20/2006 $495,000
176144 Kauai Beach Resort #4214 7/14/2006 $495,000
172965 Kapaa Sands #21 7/11/2006 $575,000
171845 Kaha Lani #109 7/12/2006 $577,500
168382 Kahala At Poipu Kai I #123 7/25/2006 $582,000
176815 Regency Huleia #73 7/11/2006 $595,000
179629 Manualoha Ph I & Ii #1103 7/21/2006 $615,000
179234 Kiahuna Ph Ii #72 7/20/2006 $630,000
177150 Islander On The Beach #308 7/28/2006 $640,000
177652 Puamana #3A 7/14/2006 $640,000
174233 Puamana #14A 7/31/2006 $650,000
182259 Nihilani At Princeville Resort #17A 7/31/2006 $710,800
174467 Sealodge Ii #H9 7/14/2006 $745,000
174510 Poipu Kapili #19 7/12/2006 $798,000
169036 Nihi Kai Villas #510 7/18/2006 $805,000
171679 Lae Nani #121 7/14/2006 $824,000
164992 Nihi Kai Villas #521 7/20/2006 $850,000
170002 Kuhio Shores At Poipu #416 7/3/2006 $1,080,000
167603 Makahuena #III203 7/20/2006 $1,500,000
173652 Puu Poa #202 7/10/2006 $1,635,000

These are the condos that sold in July 05:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
152133 Kiahuna Plantation #426 7/14/2005 $159,000
151654 Kiahuna Plantation #441 7/27/2005 $179,000
153886 Kiahuna Plantation #428 7/14/2005 $185,000
152669 Kiahuna Plantation #440 7/18/2005 $189,500
145494 Kiahuna Plantation #412 7/29/2005 $190,000
107559 Kiahuna Plantation #433 7/25/2005 $190,000
152442 Islander On The Beach #365 7/15/2005 $217,500
155355 Islander On The Beach #267 7/12/2005 $250,000
141033 Islander On The Beach #365 7/18/2005 $257,500
160849 Halelani Village At Puhi Ph Ib #M202 7/26/2005 $264,000
150601 Islander On The Beach #201 7/15/2005 $265,000
155476 Islander On The Beach #219 7/11/2005 $265,000
152755 Kiahuna Ph Ii #123 7/15/2005 $270,000
150859 Kiahuna Ph Iii-b #334 7/25/2005 $275,000
154730 Paradise Court-kauai #E 7/22/2005 $275,000
157108 Halelani Village At Puhi Ph Ic #BB202 7/25/2005 $277,000
160057 Halelani Village At Puhi Ph I #D104 7/19/2005 $289,000
160252 Islander On The Beach #234 7/21/2005 $295,000
153052 Halelani Village At Puhi Ph I #L102 7/11/2005 $300,000
150571 Islander On The Beach #362 7/20/2005 $300,000
156820 Plantation Hale #B2 7/19/2005 $305,000
152355 Islander On The Beach #209 7/11/2005 $310,000
150599 Islander On The Beach #260 7/11/2005 $310,000
156148 Islander On The Beach #259 7/11/2005 $310,000
159764 Islander On The Beach #227 7/14/2005 $325,000
159762 Islander On The Beach #153 7/14/2005 $325,000
148191 Banyan Harbor #72 7/7/2005 $330,000
154837 Kalapaki Villas #2610 7/27/2005 $332,500
151883 Kalapaki Villas #302 7/19/2005 $345,000
152476 Kawaihau Sports Villa #K201 7/8/2005 $345,000
152907 Prince Kuhio #233 7/1/2005 $353,000
156180 Halelani Village At Puhi Ph Ic #DD106 7/27/2005 $355,000
153591 Kawaihau Sports Villa #B101 7/15/2005 $355,000
144843 Plantation At Princeville #512 7/29/2005 $405,000
157035 Princeville Paniolo #105 7/12/2005 $415,000
144822 Plantation At Princeville #321 7/20/2005 $435,000
144824 Plantation At Princeville #322 7/26/2005 $435,000
144845 Plantation At Princeville #521 7/8/2005 $435,000
144847 Plantation At Princeville #522 7/29/2005 $435,000
154536 Princeville Paniolo #203 7/5/2005 $445,000
148337 Kamahana #29 7/13/2005 $478,000
152664 Sandpiper Village I #134 7/13/2005 $485,000
150972 Manualoha Ph I & Ii #304 7/6/2005 $509,000
155649 Sandpiper Village I #133 7/28/2005 $520,000
154199 Sandpiper Village I #220 7/15/2005 $525,000
154936 Kahala At Poipu Kai I #513 7/7/2005 $545,000
148044 Plantation At Princeville #512 7/29/2005 $545,000
159212 Cliffs At Princeville #4206 7/29/2005 $545,000
146890 Poipu Crater #28 7/20/2005 $550,000
144846 Plantation At Princeville #521 7/8/2005 $562,066
155015 Emmalani Court #413 7/25/2005 $565,000
145060 Cliffs At Princeville #4209 7/11/2005 $570,000
160720 Plantation At Princeville #322 7/26/2005 $575,000
155290 Emmalani Court #311 7/29/2005 $575,000
155291 Emmalani Court #324 7/13/2005 $575,000
149438 Regency At Poipu Kai #513 7/29/2005 $585,000
153296 Alii Kai Ii Hanalei #11B 7/5/2005 $595,000
149763 Regency At Poipu Kai #412 7/1/2005 $600,000
155293 Emmalani Court #321 7/25/2005 $620,000
151352 Wailua Bay View Apartments #204 7/21/2005 $625,000
153595 Kamahana #5 7/26/2005 $650,000
153363 Cliffs At Princeville #7201 7/27/2005 $655,000
149679 Kahala At Poipu Kai I #211 7/5/2005 $662,500
149678 Makanui #212 7/20/2005 $675,000
147546 Regency At Poipu Kai #321 7/12/2005 $700,000
149102 Makanui #211 7/9/2005 $715,000
154270 Villas Of Kamalii #24 7/7/2005 $759,000
148793 Kuhio Shores At Poipu #413 7/6/2005 $805,000
156623 Villas Of Kamalii #43 7/22/2005 $805,000
152445 Lae Nani #524 7/26/2005 $820,000
156449 Poipu Sands #233 7/16/2005 $850,000
151148 Manualoha Ph I & Ii #306 7/6/2005 $865,000
147325 Kiahuna Ph Ii #166 7/29/2005 $875,000
155171 Poipu Shores #B302 7/25/2005 $1,195,500
140049 Hanalei Bay Resort #G32 7/12/2005 $1,200,000
150321 Puu Poa #105 7/15/2005 $1,345,000
148939 Whalers Cove At Poipu #212 7/21/2005 $1,600,000
153831 Puu Poa #110 7/20/2005 $1,637,500

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

and last but not least, here are the 04 July condo sales:

MLS Data
MLS Number Location Sold Date Sold Price
122976 Kiahuna Plantation #425 7/29/2004 $127,000
136145 Lihue Townhouse #308 7/15/2004 $150,000
130912 Kiahuna Ph Ii #94 7/16/2004 $184,000
139020 Banyan Harbor #79 7/2/2004 $210,000
135798 Halelani Village At Puhi Ph Ib #P103 7/2/2004 $210,000
135270 Halelani Village At Puhi Ph I #E206 7/1/2004 $210,000
135389 Plantation Hale #B1 7/26/2004 $216,000
130652 Plantation Hale #J5 7/7/2004 $218,000
137077 Halelani Village At Puhi Ph Ib #R202 7/13/2004 $220,000
139249 Banyan Harbor #72 7/7/2004 $225,000
135749 Halelani Village At Puhi Ph I #J101 7/29/2004 $225,000
122697 Kiahuna Ph Ii #52 7/14/2004 $228,000
136607 Halelani Village At Puhi Ph Ib #T106 7/20/2004 $234,000
137707 Halelani Village At Puhi Ph Ic #W106 7/20/2004 $235,000
137343 Halelani Village At Puhi Ph I #K203 7/30/2004 $245,000
136606 Halelani Village At Puhi Ph Ic #AA205 7/1/2004 $250,000
136641 Banyan Harbor #74 7/30/2004 $250,100
135224 Halelani Village At Puhi Ph Ic #Y101 7/23/2004 $265,000
135979 Kalapaki Villas #2710 7/13/2004 $270,000
141514 Kalapaki Villas #2708 7/30/2004 $277,800
136563 Sunset Kahili #206 7/20/2004 $305,000
133466 Sunset Kahili #305 7/27/2004 $319,000
137336 Halelani Village At Puhi Ph Ic #AA206 7/19/2004 $319,000
135728 Hale Malu At Puhi #39 7/1/2004 $359,000
136980 Hale Malu At Puhi #21 7/30/2004 $370,000
139677 Wailua Bay View Apartments #310 7/16/2004 $370,000
136617 Sandpiper Village I #203 7/30/2004 $370,500
136151 Kawaihau Sports Villa #K202 7/15/2004 $372,000
137507 Kiahuna Ph Iv A #220 7/29/2004 $375,000
139233 Cliffs At Princeville #4209 7/9/2004 $375,000
134519 Hale Honu #1A 7/27/2004 $384,500
136711 Wailua Bay View Apartments #303 7/16/2004 $390,000
128862 Kamahana #4 7/28/2004 $390,000
135157 Prince Kuhio #2A 7/1/2004 $399,000
134246 Hale Kahanalu #8 7/6/2004 $399,500
134062 Kiahuna Ph Ii #105 7/30/2004 $430,000
129602 Hanalei Colony Resort #C3 7/23/2004 $431,000
133336 Kahala At Poipu Kai I #111 7/14/2004 $470,000
136777 Cliffs At Princeville #5307 7/28/2004 $470,000
136506 Kiahuna Ph Ii #71 7/16/2004 $490,000
136462 Kuhio Shores At Poipu #117 7/16/2004 $511,500
135252 Makanui #422 7/2/2004 $555,000
136038 Makanui #722 7/16/2004 $565,000
135620 Lae Nani #124 7/22/2004 $575,000
139837 Lae Nani #233 7/20/2004 $625,000
133597 Villas Of Kamalii #39 7/9/2004 $630,000
129780 Poipu Kapili #39 7/14/2004 $635,000
122031 Villas Of Kamalii #33 7/21/2004 $649,000
135732 Kahala At Poipu Kai I #321 7/19/2004 $650,000
128968 Villas Of Kamalii #14 7/23/2004 $655,000
136096 Lae Nani #336 7/23/2004 $670,000
139823 Poipu Shores #A206 7/20/2004 $772,500

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

It's always fun for me to look at the data behind the stats, especially when it comes to median price (as opposed to average price) to get a clearer picture of what actually sold.

Many buyers seem to think that with the large inventory currently on the market they can just wait and wait and wait until pricing goes down and then get "the pick of the litter" but ask any buyer in this market and they'll tell you that is not the case. While it's true there's a ample inventory what is also true is that properties that have "features and benefits" as opposed to "issues" are few and far between. You would think in this market that you could take a client out and be swamped with choices; that your buyer will need time to digest all the variables of each acceptable property. Again I say No, that is NOT the case. There are plenty of properties that need help but not many buyers looking to get into a fixer situation. The moral is, if you find something you love, buy it now. Don't wait to see if it will go down further because if it is a good property, someone else is likely to come along and snatch it out from under you. It really is worth a few extra dollars to buy something you love rather than to save a couple of thousand and be left thinking "I wish I had bought....."

Until next market update, come back for my weekly Princeville condo update or call or email for the facts on any property Islandwide. For a copy of the July 2009 market statistics visit my website by clicking here.

Aloha Elaine

My mobile office when on the mainland.

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of August 9th to 15th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 16 Aug 2009 16:56:26 -0500

Aloha,

We're seeing some movement in the market as those sellers who really want to sell are reducing to the point that buyers are seeing value. Also selling are the foreclosures and even some of the short sales, although it takes a patient buyer to stay in escrow until the end. Here is your update for this week-

NEW LISTINGS
226519 T A 4 4-5-4-5-23-14 FS $495,000 Plantation At Princeville #412 1,153 #412 2/2
226466 T A 6 4-5-4-5-16-36 FS $940,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2

CONTINGENT SALES
225806 T C 31 4-5-4-5-24-40 FS $489,900 Nihilani At Princeville Resort #14A 1,874 #14A 3/2.5
222926 T C 127 4-5-4-5-24-66 FS $565,000 Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5

SALES
220199 T S 131 4-5-4-5-13-4 FS $289,900 Kamahana #4 1,145 #4 2/2
SOLD 8/12/2009 for $276,000 (CASH) DOM 131

210693 T S 375 4-5-4-5-24-28 FS $650,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
SOLD 8/14/2009 for $645,000 (CNV) DOM 375

221737 T S 87 4-5-4-12-8-21 FS $795,000 Pali Ke Kua Ii #228 1,135 #228 2/2
SOLD 8/12/2009 for $725,000 (CASH) DOM 87

EXPIRED
214741 T X 364 4-5-4-5-23-66 FS $578,000 Plantation At Princeville #1712 1,153 #1712 2/2

WITHDRAWN
208801 T W 488 4-5-4-11-3-84 FS $329,000 Hanalei Bay Resort #N22 867 #N22 1/2
204020 T W 620 4-5-4-12-2-28 FS $380,000 Hale Moi #208 1,033 #208 2/2
223148 T W 107 4-5-4-5-18-71 FS $382,750 Puamana #20A 1,532 #20A 2/2
217123 T W 287 4-5-4-5-23-34 FS $579,000 Plantation At Princeville #912 1,153 #912 2/2

PRICE CHANGES
196998 T A 796 4-5-4-15-21-43 FS $318,000- Sandpiper Village I #206 1,173 #206 2/2.5
223270 T A 123 4-5-4-5-27-19 FS $325,000- Hale Honu #10A 1,085 #10A 3/2
226111 T A 19 4-5-4-15-21-54 FS $391,900- Sandpiper Village I #217 1,173 #217 2/2.5
214167 T A 382 4-5-4-12-8-24 LH $399,000- Pali Ke Kua Ii #130 1,100 #130 2/2
212901 T A 391 4-5-4-5-16-37 FS $649,000- Alii Kai At Hanalei #5101 1,086 #5101 2/2

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

New this week is Plantation 412 listed for $495K. This unit last sold for $405K in 9/05 from the developer. Ali'i Kai 4303, purchased for $541,500 in 2/04 and listed for $940K is the only other new listing this week.

It comes as no surprise that the Nihilani Makani floorplan unit 14A went into escrow after only 25 days on the market. With a list price of $489,900 is was well below what other Makani units have sold for recently. This unit last sold for $761,450 in 3/06 and was foreclosed on by the bank in 6/09. Also going into escrow was a second Nihilani Makani floorplan unit 22C, which is a short sale. This beautifully upgraded and furnished unit was purchased from the developer in 11/06 for $848,956 and featured upgraded cabinets and bathrooms along with mountain, golf course and lake views. It was originally listed for $620K but reduced quickly during the 127 days on the market.

It's a sign of times improving when there are multiple sales to report starting with bank REO Kamahana 4 which was listed for $289,900 and sold for $276K this week. The seller purchased this unit for $499K in 9/05 but it was foreclosed on by the bank on 2/09. We have another Nihilani unit in the news, unit 10A which is one of the developer's Makani units which sold for $645K with a list price of $650K. Slowly but surely Brookfield is closing out their inventory and offering concessions along the way. They recently reduced one of their Hoku units, 3B, from $550K to $485K in an effort to attract a buyer. I personally like the reverse floor plan Hoku, which is the floorplan I purchased. At the time of construction, the downstairs family rooms could be converted to a third bedrooms which I felt was a much better use of the space. Although 3B is only a 2 bedroom at this time, I'm sure you could convert to a 3 bedroom without too much trouble. Also selling this week is Pali Ke Kua 228 which was purchased as a leasehold for $236,800 in 4/98 and converted to fee simple in 12/99 for $43,800. Listed for $795K it closed at $725K and is one of the rare transactions that yielded a capital gain!

Plantation 1712, listed for $578K expired after a year on the market without any price reductions. This unit last sold in 2/08 for $515K.

Hanalei Bay Resort N22 was withdrawn from the market after 488 days of exposure. It started out listed at $550K and reduced over time to $329K. This unit was purchased for $469,900 in 1/06. Hale Moi 208 which started out at $495K and reduced to $380K during the 620 days on the market was withdrawn. Unit 208 last sold for $215K in 11/01. Puamana 20A was only on the market for 107 days when it was withdrawn. Listed for $382,700 it last sold in 9/01 for $170K. Plantation 912 was withdrawn after 287 days with no price reductions while listed at $579K. This unit was purchased for $599K in 10/05 which left the seller with no room for negotiations.

Moving on to price reductions we have Sandpiper 206, which reduced from $325K to $318K. Initially listed at $525K, this unit has been on the market almost 800 days and was last purchased for $114,500 in 11/99. It faces onto Ka Haku Road which means it has golf course, mountain, lake and waterfalls views. I've shown this unit several times and used to own in Sandpiper. Considering how "rentable" these units are and given the current price, I'm surprised to see this one still on the market. Take a look at all the Sandpipers on the market and compare. Please note that there are two floor plans with the downstairs units being smaller than the upstairs:

Copyright 8/16/2009 by Hawaii Information Service
224335 T A 82 4-5-4-15-21-11 FS $275,000 Sandpiper Village I #111 1,042 #111 2/2
225703 T A 37 4-5-4-15-21-34 FS $275,000 Sandpiper Village I #134 1,042 #134 2/2
196998 T A 796 4-5-4-15-21-43 FS $318,000 Sandpiper Village I #206 1,173 #206 2/2.5
226309 T A 17 4-5-4-15-21-23 FS $325,000 Sandpiper Village I #123 1,042 #123 2/2
206436 T A 556 4-5-4-15-21-7 FS $329,000 Sandpiper Village I #107 1,042 #107 2/2
226111 T A 19 4-5-4-15-21-54 FS $391,900 Sandpiper Village I #217 1,173 #217 2/2.5
181966 T A 430 4-5-4-15-21-50 FS $399,999 Sandpiper Village I #213 1,173 #213 2/2.5

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

Hale Honu 10A, which last sold for $510K in 8/05, reduced from $399K to $325K. This short sale started out at $438K when it first came on the market. Sandpiper 217 which last sold for $310K in 2/04, also reduced, going from $399,900 to $391,900. Pali Ke Kua 130, an agent owned lease hold unit purchased in 3/06 for $429K, went from $449K to $399K. Ali'i Kai 5101, which offers a nice ocean view, wins the price reduction of the week award going from $749K to $649K. This unit started out at $849K and last sold in 5/04 for $595K. Judging from this last price reduction, I'd say this seller is more than eager to sell so bring your buyers. On to your Princeville Homes update:

NEW LISTINGS
226493 RS A 5 4-5-4-19-16 FS $967,000 5112 Napo'okala Cir 15,320 sqft 2,196 3/2.5
221067 RS A 4 4-5-4-14-17 FS $1,375,000 3835 Albert Rd 10,579 sqft 2,743 3/3.5
225837 RS A 2 4-5-4-7-6 FS $1,895,000 3932 Namakeha Lp 12,575 sqft 2,848 4/3.5
226733 RS A 2 4-5-4-18-10 FS $3,650,000 4184 Mahina Pl 12,200 sqft 3,927 3/3.5

BACK ON THE MARKET
223822 RS A 104 4-5-4-13-6 FS $613,100 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

WITHDRAWN
223228 RS W 121 4-5-4-20-32 FS $950,000 5145 Kapi'olani Loop #III 9,826 sqft 1,920 3/2

PRICE CHANGES
214429 RS A 373 4-5-4-16-41 FS $725,000- 4136 Kekaulike Ln 10,500 sqft 3,024 3/3
220531 RS A 190 4-5-4-13-44 FS $840,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
222122 RC A 157 4-5-4-4-46 FS $1,595,000- 4901 Hanalei Plant Rd 1.41 ac 1,802 4/2
225022 RC A 157 4-5-4-4-46 FS $2,695,000- 4901 Hanalei Plant Rd 2.49 ac 1,802 4/2

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

That's it for this week. There's quite a few good buys to be had which will not always be the case. Don't miss out on this buying opportunity. Just don't forget to call or email for the facts before you buy or sell.

Aloha Elaine

My horse "Bics" gets a small but steady hand from her friend Michelle.

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Nene, the State bird

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Thu, 13 Aug 2009 10:07:49 -0500

Aloha,

If you've had the opportunity to stay at the Cliff's condos, you're probably very familiar with the Nene, (nay-nay) the State bird, as this is one of their homes. On many occasion I've walked down my condo steps into a gaggle of them all congregated under a tree or out looking for food.

Found only in the Hawaiian Islands of Kauai, Maui and Molokia, the Nene was on the edge of extinction by 1949, with only 20 to 30 birds remaining in the wild due to uncontrolled hunting and the non-native predators, like the mongoose, pigs and feral cats, which quickly took its toll on the population. Conservation efforts were undertaken when the Nene was adopted as the State bird on May 7, 1957.

Even now the Nene is on the Federal List of Endangered Species, however, the preservation efforts are seeing some success as there are now about 800 wild Nene in Hawai'i and the numbers are rising with each breeding season.

The Nene is a handsome bird with a black head, buff cheeks and heavily furrowed neck. Bill, legs and feet are black. It has longer,stronger legs and almost non-existent webbing on their toes, which is an adaptation to the lava flows on which it breeds. The Nene does not spend much time in the water, does not migrate, and is an herbivore (plant-eater), eating grass and other low-lying plant material. It's feathers have been used for decades by the native peoples of the islands in ceremonial dress.

Next time you're on Kauai, don't be surprised if you think you see a flock of geese flying by, as it will be the Nene. If you have time, stop up at the Cliffs to see them. Please, do not feed them or chase them, as I've seen many vistors do. They are a protected species and will stand quite still to allow you to get a beautiful picture of them

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville condo (and house) update for the week of August 2nd to 8th

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sun, 09 Aug 2009 23:42:35 -0500

Aloha,

Here we are in the last month of Summer and real estate has held it's same sluggish pace. Most buyers feel that waiting can only benefit them, and to some degree, I have to agree. However, there are some properties that are so competatively priced that I'm really surprised they are not in escrow. I also agree that many of the properties on the market are still overpriced - and will remain that way until the sellers either decide they really want to sell and reduce or they take their property off the market until things improve. We Realtors can only wish for this to happen!

Here is your update for this week:

NEW LISTINGS
226457 SH A 5 4-5-4-5-23-9 FS $135,000 Plantation At Princeville #311 1,153 #311 2/2
226523 T A 3 4-5-4-5-4-5 FS $239,000 Princeville Mauna Kai #5A 1,503 #5A 2/2
226280 T A 6 4-5-4-5-23-51 FS $625,000 Plantation At Princeville #1321 1,318 #1321 3/3
226233 T A 3 4-5-4-6-1-59 FS $795,000 Villas Of Kamalii #59 1,766 #59 3/3

CONTINGENT SALES
221842 T C 157 4-5-4-12-3-32 FS $899,000 Hanalei Bay Villas #32 1,248 #32 2/2

SALES
221018 T S 99 4-5-4-5-12-28 FS $615,000 Sealodge Ii #J1 754 #J-1 2/2
SOLD 8/6/2009 for $585,000 (CNV) DOM 99

UNDER CONTRACT
221360 T U 148 4-5-4-12-2-36 FS $345,000 Hale Moi #216 1,033 #216 2/2

EXPIRED
214648 T X 365 4-5-3-6-22-2 FS $2,195,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5
214427 T X 365 4-5-4-5-17-23 FS $499,000 Alii Kai Ii Hanalei #10G 1,037 #10G 2/2

WITHDRAWN
223363 T W 109 4-5-4-5-4-5 FS $259,000 Kaeo Kai Ph I #5A 1,503 #5A 2/2
222557 T W 132 4-5-4-11-3-125 FS $850,000 Hanalei Bay Resort #R17 867 #3105-6 1/2

PRICE CHANGES
222344 SH A 143 4-5-4-5-23-23 FS $150,000- Plantation At Princeville #621 1,318 #621 3/3
226523 T A 3 4-5-4-5-4-5 FS $239,000- Princeville Mauna Kai #5A 1,503 #5A 2/2
204020 T A 619 4-5-4-12-2-28 FS $380,000- Hale Moi #208 1,033 #208 2/2
210598 T A 453 4-5-4-5-24-8 FS $485,000- Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
216340 T A 310 4-5-4-5-23-41 FS $499,000- Plantation At Princeville #1111 1,153 #1111 2/2
218864 T A 242 4-5-4-5-23-11 FS $649,000- Plantation At Princeville #321 1,318 #321 3/3
211272 T A 449 4-5-4-5-16-35 FS $795,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
207497 T A 531 4-5-4-11-3-49 FS $950,000- Hanalei Bay Resort #J11 1,324 #7101-2 Banana 2/2

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

Plantation 311 is our first new listing this week and is offering a fractional share for $135K. This unit made some money for the original purchaser who bought it from the developer for $405K on 6/05 and immediately sold it to the current owner for $539K. Mauna Kai 5A, which last sold in 8/02 for $200K, is back as an REO listed at $239K. This unit was just withdrawn while listed as an REO which started at $319,900 in 4/09 and reduced down to $259K in 8/09 at which time it was withdrawn and relisted. Prior to this, it was listed for over 400 days in an effort to find a buyer but was unsuccessful. Also new this week in the Plantation complex is unit 1321, listed for $625K. This unit last sold for $523,993 in 11/05. Villas of Kamali'i 59, listed for $705K is the last entry and last sold for $586K in 4/04.

Hanalei Bay Villas 32, listed at $899K went into escrow after only 151 market days. It last sold for $950K in 11/05 and will undoubtedly be a tax write off.

Sealodge J1 closed this week at $585K after being listed for 99 days for $615K. This unit last sold for $325K in 9/02 bringing this seller welcome capital gains. Hale Moi 216 moved to under contract from contingent. Listed for $345K this unit sold for $460K in 3/05 and will also yield a tax write off.

One of the developer's Ka'iulani units, #2 expired after 365 days while listed for $2.195M. Ali'i Kai 10G expired while listed at $499K. During the 365 days it was listed, there was one price reduction from $599K to $499K in 5/09. This unit last sold for $129,500 in 6/89.

Mauna Kai 5A, also known as Ka'eo Kai, was withdrawn after 109 days listed as an REO at $259K. You saw this unit earlier as a new listing in this report. Hanalei Bay Resort 3105-6 was withdrawn listed at $850K after 132 days on the market. It came onto the market at $825K and increased to $850K which is where it stayed for the life of the listing. This unit was puchased for $895K in 5/05 leaving this seller with no room for negotiations.

On to our price changes. A fractional share of Plantation 621 reduced from $165K to $150K. This unit was purchased for $550K in 8/05. Mauna Kai 5A, which was relisted this week initially at $259K went quickly down to $239K. Hale Moi 208,which last sold for $215K in 11/01 reduced from $399K to $380K. This unit started at $485K. The developer's Nihilani 2 bedroom 2.5 bath Hoku unit 3B was reduced from $550K to $485K. At one point, this unit was listed for $603,300. Plantation 1111 went from $580K to $499K and last sold in 11/05 from the developer for $430K then was immediately flipped for $598,402 to the present owner. Plantation 321 reduced from $659K to $649K. This unit last sold for $435K from the developer in 7/05. Ali'i Kai 4303 initially increased in price from $830K to $840K on 8/4 after 445 days on the market without a sale. It then went from $840K to $795K on 8/06 and last sold for $490K in 12/03. Hanalei Bay Resort 7101-2, purchased for $504,145 in 9/03 reduced from $998K to $950K.

Now on to your Princeville Home update:

NEW LISTINGS
226491 RS A 4 4-5-4-23-38 FS $525,000 3812 Iluna Pl 6,895 sqft 1,310 3/2

BACK ON THE MARKET
220820 RS A 173 4-5-4-13-40 FS $995,000 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5

CONTINGENT SALES
223822 RS C 97 4-5-4-13-6 FS $613,100 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

WITHDRAWN
224336 RS W 75 4-5-4-23-38 FS $525,000 3812 Iluna Pl 6,895 sqft 1,310 3/2

PRICE CHANGES
219545 RS A 219 4-5-4-22-26 FS $545,000- 4372 Emmalani Dr 11,390 sqft 1,294 3/2
225252 RS A 45 4-5-4-21-10 FS $889,000- 3836 Kaweonui Rd 10,018 sqft 2,016 3/3

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

That's it for this week. Don't forget to call or email with your requests for the facts - before you buy or sell. Have a great week!

Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

What does your bus stop look like? (Riding the Kauai Bus..)

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Wed, 05 Aug 2009 10:10:21 -0500

Aloha,

What is it like to catch the bus in your neighborhood? For me, even the walk to the bus stop from my condo in Princeville was spectacular. Here is a shot of the rainbow as seen across the golf course as I walked along Ka Haku to the bus stop on Kuhio Highway across from the library..

Not too shabby.

The Princeville bus stop is little more than a humble concrete bench along the highway-

But take a look through the trees directly behind the bench

Which of course, invites you to step into the trees to get a better view of Hanalei Valley!

Not bad views for a small town bus stop.

The bus ride from Princeville through Kilauea is like an amusement park ride, with the riders bumping and bouncing along in unison. You'll want to hold on as the driver makes a couple of 90 degree turns from the highway into and throughout Kilauea. Try it, you'll see what I mean. The road smooths out once your get back on the highway outside of Kilauea heading towards Kapaa.

I've ridden the bus several times for a variety of reason, and have always had a good time talking to other passengers, chatting with the bus driver, or just listening and looking as the landscape rolls by. The bus fare just went up to $2 for adults but it's well worth the price for a ride into town.

What are the views from your bus stop? Take pictures as you go along, using your cell phone if necessary, like I did!

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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

Princeville Kauai condo (and house) update for the week of July 26th to Aug 1

Elaine Schaefer (R, BIC, CRS, GRI, ABR) (RE/MAX Kauai Princeville Resort Branch) — Sat, 01 Aug 2009 20:23:35 -0500

Aloha,

It was another beautiful week in Paradise but not many buyers seem moved to want to jump into the market. While we do have some new escrows and one that went under contract, we have not seen the number of buyers expected what with the many great buys on the market. There's something for everyone, regardless of the price range, if you just take the time to look. Here is your update for this week:

NEW LISTINGS
226124 T A 5 4-5-4-5-3-3 FS $239,000 Princeville Paniolo #103 1,058 #103 1/2
226309 T A 2 4-5-4-15-21-23 FS $325,000 Sandpiper Village I #123 1,042 #123 2/2
226111 T A 4 4-5-4-15-21-54 FS $399,900 Sandpiper Village I #217 1,173 #217 2/2.5
226346 T A 1 4-5-4-6-1-34 FS $775,000 Villas Of Kamalii #34 1,825 #34 3/3
226241 T A 2 4-5-4-6-1-20 FS $995,000 Villas Of Kamalii #20 1,825 #20 3/3

CONTINGENT SALES
221360 T C 156 4-5-4-12-2-36 FS $345,000 Hale Moi #216 1,033 #216 2/2
223040 T C 94 4-5-4-11-3-127 FS $650,000 Hanalei Bay Resort #R25 867 #3201-2 Guava 1/2

UNDER CONTRACT
222342 SH U 129 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3

PRICE CHANGES
222343 SH A 135 4-5-4-5-23-23 FS $150,000- Plantation At Princeville #621 1,318 #621 3/3
207634 T A 527 4-5-4-5-39-16 FS $259,000- Cliffs At Princeville #1206 917 #1206 1/2
224707 T A 47 4-5-4-12-2-16 FS $297,500- Hale Moi #116 1,033 #116 1/2
214486 T A 362 4-5-4-5-18-89 FS $325,000- Puamana #24D 1,532 #24D 2/2
219219 T A 262 4-5-4-5-30-20 FS $325,000- Princeville Mauna Kai #D302 1,488 ##25 3/2
223270 T A 108 4-5-4-5-27-19 FS $399,000- Hale Honu #10A 1,085 #10A 3/2
223649 T A 90 4-5-4-5-13-13 FS $449,000- Kamahana #13 2,073 #13 3/2
226115 T A 292 4-5-4-5-24-50 FS $517,000+ Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
222926 T A 112 4-5-4-5-24-66 FS $565,000- Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5
216921 T A 291 4-5-4-5-23-3 FS $678,000- Plantation At Princeville #121 1,318 #121 3/3
211355 T A 442 4-5-4-12-5-5 FS $743,000- Pali Ke Kua Incr I, ii, iii #105A 717 #105A 1/1
226346 T A 1 4-5-4-6-1-34 FS $775,000+ Villas Of Kamalii #34 1,825 #34 3/3
211272 T A 441 4-5-4-5-16-35 FS $830,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
202256 T A 630 4-5-4-12-11-7 FS $1,450,000- Puu Poa #107 2,065 #107 2/2

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

I guess you can still flip property in this market if you do so conservatively. For example, Paniolo 103 just sold on 7/20 for $184,900 while listed as a Fannie Mae foreclosure for $209,900. After some interior paint, refurbished lanai and doors, it is back on the market this week priced at $239K, making it the second least expensive condo (beaten only by Cliffs 2103 at $230K which is a short sale) in Princeville. Sandpiper 123, listed for $325K last sold for $359K in 8/04. Also listed is Sandpiper 217, which last sold for $310K in 2/04. It is back on the market as a new listing after 4 prior efforts at selling. It was listed from 12/05 to 9/06 starting at $525K, increasing to $539K and ending at $528K when it was withdrawn after 272 market days. It came back on the market 6/07 to 12/07 listed for $499K and dropping to $475K when it was again withdrawn. It was then listed from 10/08 to 12/08 for $499K and expired with 72 DOM. The last listing was from 1/09 to 7/09 where it started at $420K and reduced to $399,900, which is what it is now listed for, before it was withdrawn. Hopefully the seller will have better luck this time.

Villas of Kamali'i 34 was purchased for $670K in 12/04 and is now listed for $775K. This unit was previously listed briefly in 6/07for 19 days at $859Kand again from 1/08 to 8/08, starting at $920K and decreasing to $849K before expiring with 233 market days. Villas of Kamali'i 20 is on the market for $995K after selling in 6/08 for $845. This unit was listed for 423 days from 5/08to 7/09 as a fractional but it appears the seller is tabling that concept until the market picks back up.

Hale Moi 216 found a buyer and went into escrow this past week after reducing to $345K from $395K on 6/19. This unit last sold for $459K in 3/05 and will undoubtedly be providing a nice tax write off for the seller. Hanalei Bay Resort 3201/2, purchased for $240K in 4/92 went into escrow listed at $650K. Fortunately, we're not back to 92 pricing so this seller will see some rare capital gains.

A fractional share of Plantation 621 went under contract while listed at $150K. This unit sold for $550K in 8/05.

Another fractional share of Plantation 121 reduced from $165K to $150K. Cliffs 1206 also reduced this week from $275K to $259K. This unit sold in 9/05 for $520K. Hale Moi 116 continues its strong effort to find a buyer, reducing again this week from $314K to $297,500. Purchased in 10/04 for $459K, this short sale now stands a good chance of finding a buyer with its competing upstairs neighbor, unit 216, now in escrow. Puamana 24D, which last sold for $268K in 9/03 reduced from $349K to $325K. Mauna Kai 25, a nice big unit 3 bedroom 2 bath unit made a huge price reduction right into short sale territory, going from $494,500 to $325K. The last purchase price was for $585K in 8/07. Hale Honu 10A was purchased for $510K in 8/05 and reduced from $438K to $399K. Kamahana 13, purchased for $640K in 10/05 reduced from $475K to $449K while Nihilani 17B made a price change upwards for the sole purpose of appearing once again on the daily update, going from $515K to $517K. This unit sold for $637,113 from the developer in 7/06. Another Nihilani unit 22C, which waspurchased from the developer in 11/06 for $848,956, reduced from $569K to $565K as a short sale. Plantation 121, purchased by an agent for $488,993 in 5/05 reduced from $685K to $678K. Pali Ke Kua 105, which last sold for $795K in 8/07, made a minor price reduction from $745K to $743K for the purpose of maintaining a presence on the daily update. Villas of Kamali'i 34, which we saw this week as a new listing, apparently came on at $769K and was immediately increased to $775K. Ali'i Kai 4303 went from $860K to $830K and was purchased for $490K in 12/03. Although Pu'u Po'a 107 reduced from $1.490M to $1.450M it is still the more expensive units in the complex.

225541 T A 23 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
222345 T A 131 4-5-4-12-11-3 FS $1,259,000 Puu Poa #103 1,354 #103 2/2
200456 T A 693 4-5-4-12-11-14 FS $1,425,000 Puu Poa #114 2,065 #114 2/2
202256 T A 627 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 2/2

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

Now on to your Princeville house update:

NEW LISTINGS
226182 RS A 4 4-5-4-16-7 FS $950,000 5029 Emmalani Dr 10,500 sqft 3,304 4/3

BACK ON THE MARKET
221222 RS A 152 4-5-4-25-4 FS $2,800,000 5174 Hanalei Plantation 16,307 sqft 4,215 3/3

UNDER CONTRACT
225957 RS U 10 4-5-4-18-31 FS $695,000 4226 Kina'u Pl 11,078 sqft 3,496 4/5

EXPIRED
213870 RS X 372 4-5-4-6-12 FS $565,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2

TEMPORARILY WITHDRAWN
220108 RS T 187 4-5-4-16-19 FS $770,000 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2
220949 RS T 163 4-5-4-20-14 FS $1,395,000 5118 Iolani Pl 19,012 sqft 3,918 3/3.5
218120 RS T 252 4-5-4-8-62 FS $1,475,000 3812 Punahele Rd 14,573 sqft 2,900 3/2

PRICE CHANGES
223366 RS A 106 4-5-4-15-1 FS $471,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
224336 RS A 71 4-5-4-23-38 FS $525,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
222745 RS A 123 4-5-4-23-35 FS $599,000- 3793 Moae Pl 6,386 sqft 1,651 3/2
200621 RS A 707 4-5-4-21-7 FS $858,500- 3770 Cr Kaweonui Rd/alber 10,737 sqft 2,184 3/2.5
210722 RS A 458 4-5-4-18-7 FS $997,000- 4170 Mahina Pl 10,751 sqft 2,310 2/3.5

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

As you can see, the house on Kina'u Place listed for $695K went under contract in record time. Just goes to show, if you really want to sell you really need aggressive pricing. Don't hesitate to call or email for your update before buying or selling. You don't want to make a move without the facts. Have a great week!

Aloha Elaine

The Hawaii goose the "Nene."

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

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