Aloha,
Happy Valentine's day. Looks like Brookfield is getting closer to finally having Nihilani sold out. I haven't checked lately but it seems there are only about 5 developer condos left. The developer is really dealing on these last few units so if you've ever thought about buying into Nihilani, now is the time. Take a look at this past week's update:
Copyright 2/14/2010 by Hawaii Information Service
NEW LISTINGS
231562 T A 3 4-5-4-5-4-2 FS $425,000 Princeville Mauna Kai #2A 1,503 #2A 2/2
231959 T A 5 4-5-4-12-8-28 FS $459,900 Pali Ke Kua Ii #232 993 #232 2/1.5
231316 T A 5 4-5-4-5-39-188 FS $750,000 Cliffs At Princeville #9102 917 #9102 1/2
231926 T S 0 4-5-4-5-24-23 FS $370,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
SOLD 2/8/2010 for $370,000 (CASH) DOM 0
231925 T S 0 4-5-4-5-24-29 FS $380,000 Nihilani At Princeville Resort #10B 1,567 #10B 2/2.5
SOLD 2/8/2010 for $380,000 (CASH) DOM 0
BACK ON THE MARKET
224237 T A 580 4-5-4-5-13-28 FS $266,000 Kamahana #28 1,145 #28 2/2
227179 T A 117 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
CONTINGENT SALES
218641 SH C 439 4-5-4-5-23-30 FS $99,000 Plantation At Princeville #812 1,153 #812 2/2
SALES
231926 T S 0 4-5-4-5-24-23 FS $370,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
SOLD 2/8/2010 for $370,000 (CASH) DOM 0
231925 T S 0 4-5-4-5-24-29 FS $380,000 Nihilani At Princeville Resort #10B 1,567 #10B 2/2.5
SOLD 2/8/2010 for $380,000 (CASH) DOM 0
EXPIRED
221046 T X 336 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
WITHDRAWN
196998 T W 974 4-5-4-15-21-43 FS $289,000 Sandpiper Village I #206 1,173 #206 2/2.5
229794 T W 70 4-5-4-5-24-95 FS $540,000 Nihilani At Princeville Resort #32B 1,567 #32B 2/2.5
TEMPORARILY WITHDRAWN
228953 T T 53 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
PRICE CHANGES
229452 T A 89 4-5-3-11-1-30 FS $649,000- Villas On The Prince #30 1,732 #30 3/3
230560 T A 48 4-5-3-6-22-25 FS $1,390,000- Kaiulani Of Princeville #25 2,864 #25 3/3.5
224335 T A 262 4-5-4-15-21-11 FS $220,000- Sandpiper Village I #111 1,042 #111 2/2
230827 T A 38 4-5-4-5-27-3 FS $224,900- Hale Honu #2A 866 #2A 2/1
224237 T A 580 4-5-4-5-13-28 FS $266,000+ Kamahana #28 1,145 #28 2/2
230071 T A 67 4-5-4-5-12-1 FS $535,000- Sealodge Ii #F1 556 #F1 1/1
222351 T A 326 4-5-4-5-39-138 FS $635,000- Cliffs At Princeville #5308 1,186 #5308 2/2
226466 T A 172 4-5-4-5-16-36 FS $660,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2
230300 T A 169 4-5-4-5-16-35 FS $725,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
229379 T C 93 4-5-4-5-24-80 FS $299,000- Nihilani At Princeville Resort #27B 1,567 #27B 3/2.5
229381 T C 93 4-5-4-5-24-94 FS $425,000- Nihilani At Princeville Resort #32A 1,874 #32A 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.
Most all the new listings are repeats of prior listings with the exception of Mauna Kai 2A which is new this week listed at $425K. This unit sold 5/00 in $110K. Pali Ke Kua 232 is back on the market as a bank REO priced at $459,900. This unit sold for 9/04 for $650K and foreclosed by the bank on 1/10. It was previously listed from 12/07 to 11/09 and started out priced at $869K and reduced to $499K during it's 703 days on the market. Cliffs 9102 is back on the market as a new listing at $750K and last sold for $450K in 2/04. This unit was listed from 6/07 to 7/08 starting out at $910K and reducing to $895K during the listing period.
Two developer Nihilani units came onto the market (they had been previously listed) showing as sold. Both were the two story, reverse floor plan Hoku models, units 8B which sold for $370K and 10B which went for $380K. You'll see these two units also listed under sales. 8B was first listed from 6/07 to 10/07 for $699,200, from 4/08 to 2/09 starting at $598,300, increasing to $665,200 and reducing to $578K, and once again from 10/09 to 12/09 for $485K. 10B started out at $730,800 in 6/07 to 10/07, was relisted from 2/08 to 2/09 starting at $699,200 and ending at $643,300.
Two unit are back on the market after - unfortunately - falling out of escrow. Kamahana 28, a short sale listed for $266K and purchased for $599K in 4/06 went contigent back in October. Apparently, after gaining bank approval the buyer was nowhere to be found. This listing says it can close in the standard 45 days if there is an interested buyer out there. Villas of Kamali'i 54, priced at $849K went into escrow the end of January. This unit sold for $607,500 in 11/03.
A fractional share of Plantation priced at $99K went into escrow after 435 days on the market. This unit sold for $729K in 6/06 and was originally priced at $145K.
As noted under new listings, two Nihilani developers units came on the market showing as sold: unit 10B and 8B.
Ka'iulani unit 64 priced at $900K expired after 336 market days. This unit sold from the developer on 3/08 for $861,070. Sandpiper 26, purchased for $114,500 in 11/99 was withdrawn from the market priced at $289K. It started out priced at $525K. A resale Nihilani unit 32B, priced at $540K and purchased for $679,295 in 1/06 was also withdrawn from the market. Ali'i Kai 5101, which sold for $595K in 5/04 and was priced at $649K was temporarily withdrawn from the market.
Now on to our favorite, price reductions: Villas on the Prince 30, which was purchased for $565K in 3/04 reduced from $679K to $649K. Ka'iulani 25 went from $1.590M to $1.390M and sold from the developer in 10/07 for $1,621,790. The foreclosure Hale Honu 2A, which last sold for $155K on 5/02 and was foreclosed on in 10/09 reduced from $234,900 to $224,900. Sealodge F1 sold for $600K in 6/05 and reduced from $560K to $535K. Cliffs 5308 reduced from $675K to $635K and sold for $347,375 as a leasehold, converting to fee simple in 2/04 for $117,810. Two Ali'i Kai units reduced; 4303 purchased for $541,500 in 2/04 went from $695Kto $669K and 4303, purchased for $490K in 12/03 reduced from $750K to $725K. Both units are owned by the same seller. Two Nihilani agent owned units that are in short sale, and are showing contingent on the MLS, reduced in an effort to attract back up offers. Nihilani 27B went from $349K to $229K having sold from the developer in 10/06 for $682,180. Nihlani 32A reduced from $499K to $425K and sold for $985K in 3/06 from the developer.
That's it for condos, now on to your Princeville Homes update:
Copyright 2/14/2010 by Hawaii Information Service
NEW LISTINGS
231960 RS A 3 4-5-4-23-35 FS $599,000 3793 Moae Pl 6,386 sqft 1,651 3/2
228413 RS A 2 4-5-4-16-9 FS $700,000 5015 Emmalani Dr 10,500 sqft 2,380 3/3
231979 RS A 2 4-5-4-7-19 FS $799,000 3928 Punahele Rd 9,999 sqft 1,694 3/2
BACK ON THE MARKET
226493 RS A 185 4-5-4-19-16 FS $867,000 5112 Napo'okala Cir 15,320 sqft 2,196 3/2.5
SALES
223132 RS S 205 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2
SOLD 2/4/2010 for $640,000 (CNV) DOM 205
UNDER CONTRACT
230390 RS U -2 4-5-4-10-23 FS $650,000 4086 Liholiho Rd 10,213 sqft 1,896 3/2
TEMPORARILY WITHDRAWN
229479 RS T 82 4-5-4-20-31 FS $799,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
227098 RS T 17 4-5-4-18-45 FS $820,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5
PRICE CHANGES
225837 RS A 184 4-5-4-7-6 FS $1,250,000- 3932 Namakeha Lp 12,575 sqft 2,848 4/3.5
222122 RC A 339 4-5-4-4-46 FS $1,495,000- 4901 Hanalei Plant Rd 1.41 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.
Plenty of good buys out there if you have the time to look and are patient. Some of the best buys are short sales but as a buyer, patience is key. All to often, banks come through with approval and buyers have gone off on other pursuits. If you have any questions about short sales, foreclosures, or just want to know what's going on in the market, don't hesitate to call or email. That's why I'm here.
"Here" this week is over on Maui where my new hubby and I came to celebrate Valentines day. We flew over, rented a Harley and first rode around the Western part of the Island above Ka'anapali and Napili then continued on through Pa'ia to Hana where we are in an oceanfront condo. So, we're off to go explore Hana town then ride up the road to the Seven Sacred Pools more properly known as Ohe'o Gulch. I understand a 4 mile hike will get you to a 400′ waterfall. Look for that next week if we make it. Have a wonderful Valentine's day.
Aloha Elaine
Great views from high atop the Pali -
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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