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:
Copyright 10/31/2009 by Hawaii Information Service
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WITHDRAWN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:
Copyright 10/31/2009 by Hawaii Information Service
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:
Copyright 10/31/2009 by Hawaii Information Service
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:
Copyright 10/31/2009 by Hawaii Information Service
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
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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