Aloha,
Activity seems to have slowed this week, perhaps because everyone went home after the 4th. An easy gauge for me of the number of tourists on the Island is the Cliff's parking lot. With two timeshare organizations along with whole ownership in the complex, a full parking lot means the timeshares are going great guns. Not so today, where you have your choice of parking spaces. Here is your update for this week:
Copyright 7/11/2009 by Hawaii Information Service
NEW LISTINGS
225703 T A 1 4-5-4-15-21-34 FS $275,000 Sandpiper Village I #134 1,042 #134 2/2
225622 T A 3 4-5-4-5-18-39 FS $400,000 Puamana #11B 1,673 #11B 3/3
225402 T A 3 4-5-4-5-17-14 FS $565,000 Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
225686 T A 2 4-5-4-5-16-57 FS $675,000 Alii Kai At Hanalei #7202 886 #7202 2/2
225541 T A 5 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
BACK ON THE MARKET
222340 SH A 15 4-5-4-5-23-23 FS $165,000 Plantation At Princeville #621 1,318 #621 3/3
SALES
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
UNDER CONTRACT
210693 T U 375 4-5-4-5-24-28 FS $650,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
EXPIRED
222926 T X 91 4-5-4-5-24-66 FS $569,000 Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5
WITHDRAWN
176670 T W 1,064 4-5-4-5-16-57 FS $675,000 Alii Kai At Hanalei #7202 886 #7202 2/2
223902 T W 56 4-5-4-5-16-45 FS $775,000 Alii Kai At Hanalei #5301 1,086 #5301 2/2
TEMPORARILY WITHDRAWN
225032 T T 25 4-5-4-5-30-19 FS $299,000 Princeville Mauna Kai #D301 1,488 #26 3/2
225090 T T 19 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2
PRICE CHANGES
222342 SH A 114 4-5-4-5-23-23 FS $150,000- Plantation At Princeville #621 1,318 #621 3/3
204804 T A 394 4-5-4-5-39-33 FS $230,000- Cliffs At Princeville #2103 917 #2103 1/2
223363 T A 84 4-5-4-5-4-5 FS $259,000- Kaeo Kai Ph I #5A 1,503 #5A 2/2
224707 T A 26 4-5-4-12-2-16 FS $314,000- Hale Moi #116 1,033 #116 1/2
219527 T A 187 4-5-4-15-21-54 FS $399,900- Sandpiper Village I #217 1,173 #217 2/2.5
204020 T A 590 4-5-4-12-2-28 FS $425,000- Hale Moi #208 1,033 #208 2/2
214167 T A 346 4-5-4-12-8-24 LH $449,000- Pali Ke Kua Ii #130 1,100 #130 2/2
213707 T A 826 4-5-4-5-16-41 FS $599,000- Alii Kai At Hanalei #5201 1,086 #5201 2/2
218777 T A 214 4-5-4-11-3-29 FS $829,000- Hanalei Bay Resort #H23 1,324 #5207-8 (H23) 2/2
225032 T T 25 4-5-4-5-30-19 FS $299,000- Princeville Mauna Kai #D301 1,488 #26 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.
Sandpiper 134 is a "renewed" listing at a nice low price of $275K. A short sale, this unit sold for $485K in 7/05 and was previously listed from 1/07 to 7/07, starting at $575K and reducing to $550K and again from 11/07 to 11/08 when it was listed for $535K for the entire year with no reductions.
Puamana 11B, purchased for $445,500 in 9/07 is a new listing at $400K. This is one of the original 3 bedroom units and not one that was created by extending the loft area of a 2 bedroom unit. Plenty of room here. Ali'i Kai 9F, listed at $565K, was purchased for $560K in 9/05. Ali'i Kai 7202 is back as a new listing again. This unit sold for $115K in 1/88 and was listed most recently from 4/06 to 7/09, starting at $925K and reducing to $675K before it was withdrawn with 1065 market days.
Pu'u Po'a 404, listed at $1.095M is the last new listing this week. It was purchased for $325K in 7/91 and was previously listed for $1.675M in 10/07 but reduced to $1.450M before it was withdrawn in 3/08. It came back on the market from 7/08 to 11/08 listed at $1.475M before it was again withdrawn. Since that time, the seller did extensive renovating to include new cherry kitchen and bathroom cabinetry, new Silestone countertops in the kitchen, the cottage cheese ceiling was removed, refinished and painted along witht he rest of the unit then new fans, water heater, light switches, plumbing supply lines and turn off values were installed. After doing all the work to improve the unit, it was reduced to the current price of $1.095M. This top floor unit offers endless ocean views from throughout the unit and a view of the pool and Bali Hai from the lanai. You'll see further down in this report that another top floor unit just closed at $1.3M which should tell you what a great opportunity this property represents.
A fractional share of Plantation 621 is back on the market after going under contracct on 4/2/09. Unfortunately, it apparently fell out and is back on the market along with the 5 other fractional shares which range in price from $150K to $170K. The only sale this week is Pu'u Po'a 411, an extensively remodeled top floor unit that originally sold for $320K in 6/97. Listed for $1.5M it closed at $1.3M netting its owner a nice profit.
The developer's Nihilani 10A moved closer to closing as it went from contigent to under contract. Previously listed at an unrealistic $765K this unit was reduced to $650K on 5/29 when it went into escrow and will undoubtedly close at that price in the next week or two.
A resale Nihilani, unit 22C which sold for $848,956 on 11/06, expired as a short sale listed at $569K. Also coming off the market are two Ali'i Kai units that were withdrawn, although one, Ali'i Kai 7202 was withdrawn so it could come back on the market as a new listing with zero market days. This unit is agent owned. Alii Kai 5301, purchased for $977K in 4/07 and listed for $775K with also withdrawn. Mauna Kai 26 which sold for $525K in 10/06 was temporarily withdrawn while listed as a short sale for $299K. This unit originally came on the market in 4/07 at $619K and reduced to $525K before expiring a year later in 4/08. This last time, unit 26 started out at $399K, and was just reduced to $299K, as you'll see under price changes, when the sellers apparently changed their minds and took it off the market. Puamana 14B, a foreclosure, was temporarily withdrawn while listed for $390K. This unit sold for $625K in 3/06.
As we saw under new listings, the fractional portion of Plantation 621 reduced from $165K to $150K. Cliffs 2103, a short sale which sold for $50K as a leasehold in 12/98 then converted to fee simple in 6/03 for $63K, reduced from $260K to $230K. Ka'eo Kai 5A, purchased for $200K in 8/02 reduced from $270K to $259K as a foreclosure. Hale Moi 116, a short sale which sold for $459K in 10/04 reduced from $339K to $314K. Sandpiper 217, reduced from $429K to $399K and sold for $310K in 2/04. Hale Moi 208 reduced from $495K to $425K leaving it well above unit 216 at $345K and 116 at $314K. This unit sold for $215K on 11/01. Pali Ke Kua 130, a leasehold unit which is offered with 5 years of paid leasehold fees when you purchase it, reduced from $499K to $449K and sold for $429K in 3/06. This unit is also agent owned. Ali'i Kai 5201, a short sale, reduced from $650K to $599K and sold for $875K in 8/05. It has been on the market 826 days. Hanalei Bay Resort 5207-08, which was purchased for $950K iin 9/05 reduced from $895K to $829K. Our final reduction is the short sale Mauna Kai unit 26 that went from $399K to $299K before withdrawing from the market.
Now on to your Princeville house update:
EXPIRED
213380 RS X 365 4-5-4-24-18 FS $799,000 4275 Waileia Pl 10,390 sqft 2,044 3/2
PRICE CHANGES
223366 RS A 85 4-5-4-15-1 FS $486,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
224336 RS A 50 4-5-4-23-38 FS $545,000+ 3812 Iluna Pl 6,895 sqft 1,310 3/2
225252 RS A 16 4-5-4-21-10 FS $919,000- 3836 Kaweonui Rd 10,018 sqft 2,016 3/3
218770 RS A 215 4-5-4-16-77 FS $925,000- 4117 Kekaulike Ln 10,650 sqft 2,878 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 was very little activity as far as residential sales go. That's it for this week's update. Please call or email for the facts before you make a move. Get the facts.
Aloha Elaine
Albatross at the Cliffs from earlier this year.
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!
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