The national real estate research firm RealtyTrac reported that there were 816 foreclosures filings in the state of Hawaii in May 2009.
Of the four counties they tracked, Kauai had the lowest number of foreclosure filings at 78. Honolulu had the most foreclosure filings at 399; Maui at 171; and the Big Island at 168.
RealtyTrac also reported a total of 49 foreclosure sales throughout the state for the month of May (286 year-to-date). And, they listed the top 5 foreclosure states as California, Florida, Nevada, Arizona and Michigan (in no particular order). Source: http://www.realtytrac.com/states/Hawaii.html
REO Listings on Kauai 6/22/09
For those of you who are interested, and there are many, here is a sampling of the REO properties currently on the market on Kaua`i. REO means "real estate owned" by the bank. These properties are sold "as is" and usually require the Buyer to provide a pre-qualification letter (sometimes, a pre-approval) and/or proof of cash funds (i.e. for down payment monies).
RESIDENTIAL:
• 3-bedroom, 2-bath Princeville home in need of TLC. On the Makai Golf Course. Approx. 2,117 SF of living space on approx. 10,244 SF of land. Asking price $499,900. Days on market (DOM)=66. MLS #223366
• 4-bedroom, 2.5-bath Lihue home. Approx. 2,506 SF of living space on approx. 19.402 SF of land. Asking price $489,000. DOM=60 MLS #223496
• 3-bedroom, 3-bath Princeville home in Sunset Circle Community. Approx. 2,206 SF of living space on approx. 15,326 SF of land. Asking price $814,800. DOM=10 MLS #224854
CONDOS:
• 2-bedroom, 2-bath ground floor unit at Ka`eo Kai. Approx. 1,503 SF of living space. Access to pool. Asking price $270,000. DOM=65 MLS #223363
• 3-bedroom, 3-bath Plantation at Princeville. Approx. 1,318 SF of living space. Overlooks pool area. Asking price $499,900. DOM=283 MLS #215869
Source: Hawaii Information Service, 6/22/09. This information has been supplied by third parties & has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Prices subject to change between now & the time you receive this mailing.
;)
;)
