Aloha,
I hope everyone had a wonderful Christmas and that Santa brought you everything you wanted. There was only one condo that went into escrow last week which means Santa had a light load when it comes to delivering Princeville real estate, especially since no condos closed escrow this past week either. There's more and more short sales and Bank REO's coming onto the market. Take a look at the update and you'll see what I mean:
Copyright 12/27/2009 by Hawaii Information Service
NEW LISTINGS
230507 T A 3 4-5-4-5-16-56 FS $438,800 Alii Kai At Hanalei #7201 886 #7201 2/2
229552 T A 6 4-5-4-5-12-27 FS $539,000 Sealodge Ii #H9 567 #H9 1/1
229454 T A 6 4-5-4-5-24-76 FS $589,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5
228953 T A 6 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
BACK ON THE MARKET
225703 T A 170 4-5-4-15-21-34 FS $209,000 Sandpiper Village I #134 1,042 #134 2/2
CONTINGENT SALES
225976 T C 162 4-5-4-12-2-15 FS $288,000 Hale Moi #115 1,033 #115 1/2
PRICE CHANGES
221506 T A 273 4-5-3-6-22-17 FS $1,899,000+ Kaiulani Of Princeville #17 2,864 #17 3/3.5
229521 T A 38 4-5-4-15-21-15 FS $224,900- Sandpiper Village I #115 1,042 #115 2/2
220974 T A 320 4-5-4-5-24-63 FS $585,000- Nihilani At Princeville Resort #21C 1,972 #21C 2/3
221505 T A 298 4-5-4-12-3-23 FS $725,000- Hanalei Bay Villas #23 1,244 #23 2/2.5
226784 T A 128 4-5-4-6-1-12 FS $745,000- Villas Of Kamalii #12 1,825 #12 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.
Ali'i Kai 7201 is listed for $438,800 as a bank REO. This unit sold for $380K in 9/03 and was previously listed back in 11/03 for 55 days at $585K before it was withdrawn. Sealodge H9, priced at $539K as a short sale, is a wonderful top floor penthouse unit. I know it well as I represented the seller back in 7/06 when the current owner paid $745K. Nihilani 26A, priced at $589,000, last sold for $805K in 12/06. This unit appears here as a new listing because the list agent changed real estate companies and the listing went with the agent. Ali'i Kai 5101 sold for $595K in 5/04 and is listed this time for $649K. This unit has been listed almost continuously the last few years, starting with 8/04 to 10/04 when it was priced at $639K before being withdrawn from the market. It came back on the market for a short period in 7/06 priced at $975K but was withdrawn 29 days later. It was listed from 4/07 to 8/07 starting at $879K, then was dropped to $849K before expiring with 119 market days. It was listed again from 9/07 to 4/08 at $879K and was withdrawn 227 days later. It came back again from 6/08 to 9/09 starting at $849K and reducing to $649K before expiring. Each time it was listed, it was with a different agent.
Sandpiper 134 is back on the market priced at $209K after going briefly into escrow then falling out. This unit, which is a short sale, was purchased for $485K in 7/05.
Hale Moi 115, a short sale that last sold for $444,500 in 12/04 finally went into escrow while listed at $288K. There were no sales, units going under contract, expireds, withdrawn or temporarily withdrawn units this week.
As for price changes, Ka'iulani 17 which sold for $1,971,790 in 1/08 reduced from $2.399M to $1.899M. On the listing update it shows as a price increase because the lower price was mistakenly input as $1899 instead of $1,899,000. When corrected, it looked like an increase. Sandpiper 115 reduced from $249,900 to $224,900 and last sold for $180K in 12/01. This is a Bank REO. Nihilani 21C, a short sale which originally sold from the developer for $844,795 reduced from $599K to $585K. Hanalei Bay Villas 23 went from $845K to $725K and last sold for $600K in 6/04. The final reduction is Villas of Kamali'i 12, which went from $839K to $745K and sold for $750K in 6/05.
Now on to your Princeville home update:
Copyright 12/27/2009 by Hawaii Information Service
CONTINGENT SALES
224805 RS C 202 4-5-4-23-46 FS $549,000 3785 Moae Pl 6,894 sqft 1,199 2/2
SALES
225252 RS S 124 4-5-4-21-10 FS $889,000 3836 Kaweonui Rd 10,018 sqft 2,016 3/3
SOLD 12/21/2009 for $799,000 (CASH) DOM 124
206198 RS S 622 4-5-4-17-21 FS $999,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5
SOLD 12/24/2009 for $980,000 (CASH, CNV) DOM 622
EXPIRED
205344 RS X 724 4-5-4-7-27 FS $2,500,000 3862 Punahele Rd 12,999 sqft 2,538 3/2.5
PRICE CHANGES
229419 RS A 41 4-5-4-23-55 FS $619,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
228196 RS A 83 4-5-4-10-41 FS $1,435,000- 5322 Honoiki Rd 10,146 sqft 2,195 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 we close out the year, I want to thank everyone who reads this blog as I really enjoy writing it. I always appreciate comments whether on the blog or directly to my email. It lets me know you are out there and getting some benefit from my input. It was a slow 2009 but I will be very surprised if 2010 isn't gangbusters what with all the excellent pricing on short sales and Banks REO's. Maybe 2010 will be the year to finally achieve your dream of owning property in Paradise. If it is, please do call or email to check out the facts before you buy.
Wishing each of you a very very Hau'oli Makahiki Hou! (How ole Ma Caw He Key Hoe) Ok, practice up for the New Year! That's the extent of my language lessons for the year!
Aloha Elaine
I'm sure this scene of a child joyous with delight over Christmas gifts was repeated world wide. Here's granddaughter Michelle showing off her new black pearl necklace, bracelet and earrings and just acting silly.
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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