Aloha,
Happy Easter to everyone! We're having a rather blustery day here on the North Shore with intermittant showers while the sun is trying (mostly unsucessfully) to peek through the clouds. Nevertheless, it's still paradise! Visitors are here and there, easily spotted in their shorts and tank tops while locals are wrapped up in jeans and long sleeve shirts. Even through Spring is here, it's feeling a bit like left over winter. Here is your update:
Copyright 4/4/2010 by Hawaii Information Service
NEW LISTINGS
233422 T A 6 4-5-4-5-13-7 FS $311,500 Kamahana #7 1,732 #7 2/2
233444 T A 3 4-5-4-5-18-10 FS $350,000 Puamana #3B 1,532 #3B 2/2
233533 T A 4 4-5-4-5-24-21 FS $539,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3
CONTINGENT SALES
227584 T C 198 4-5-4-15-21-28 FS $290,000 Sandpiper Village I #128 1,042 #128 2/2
227646 T C 198 4-5-4-5-13-2 FS $309,000 Kamahana #2 1,171 #2 2/2
228178 T C 179 4-5-4-5-24-41 FS $357,750 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
227263 T C 212 4-5-4-5-24-46 FS $399,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
SALES
229521 T S 98 4-5-4-15-21-15 FS $214,900 Sandpiper Village I #115 1,042 #115 2/2
SOLD 3/31/2010 for $214,900 (CASH) DOM 98
229489 T S 69 4-5-4-5-16-45 FS $530,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
SOLD 3/29/2010 for $528,500 (CNV) DOM 69
UNDER CONTRACT
229660 T U 121 4-5-4-5-24-44 FS $565,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
EXPIRED
208369 T X 218 4-5-4-5-39-127 FS $525,000 Cliffs At Princeville #5205 917 #5205 1/2
WITHDRAWN
224638 T W 295 4-5-3-6-22-76 FS $975,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
PRICE CHANGES
229452 T A 138 4-5-3-11-1-30 FS $619,000- Villas On The Prince #30 1,732 #30 3/3
229652 T A 131 4-5-3-6-22-18 FS $1,950,000- Kaiulani Of Princeville #18 2,864 #18 3/3.5
232389 T A 34 4-5-4-5-3-7 FS $198,000- Princeville Paniolo #107 1,058 #107 1/2
230011 T A 110 4-5-4-5-18-34 FS $314,500- Puamana #9C 1,532 #9C 2/2
227781 T A 190 4-5-4-5-16-9 FS $359,000- Alii Kai At Hanalei #2101 1,086 #2101 2/2
225686 T A 265 4-5-4-5-16-57 FS $465,000- Alii Kai At Hanalei #7202 886 #7202 2/2
230275 T A 110 4-5-4-5-24-6 FS $549,000- Nihilani At Princeville Resort #2C 1,972 #2C 3/3
230817 T A 83 4-5-4-12-9-9 FS $569,000- Pali Ke Kua Iii #13 1,135 #13 2/2
231316 T A 54 4-5-4-5-39-188 FS $699,000- Cliffs At Princeville #9102 917 #9102 1/2
228178 T C 179 4-5-4-5-24-41 FS $357,750+ Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Our first new listing this week is Kamahana 7 priced at $311,500. Purchased in 3/95 for $164,922 this unit has been listed almost continuously from 1999 to 2004, ranging in price from $189K to $289K. This is the first time it's been listed recently. Puamana 3B is next up, listed at $350K with a sale in 4/00 of $100K for the leasehold unit, converting to fee simple for $41,100 in 1/03. One of the developer's Nihilani units is back as a new listing, the Mahina 2 bedroom 3 bath model 7C priced at a very attractive $539K. This unit was as high as $829K back in 2/08 and was last listed by the developer from 10 to 12/09 for $650K.
Sandpiper 128, purchased for $490K in 6/05 went into escrow listed for $290K as a short sale. Kamahana 2, which is owned by the same seller as Sandpiper, also went into escrow priced at $309K. This unit sold for $136K in 11/94. Two resale Nihilani units also found buyers: the townhouse style Makani unit 14B listed for $357,750 and unit 16A, the Moana style listed for $399K. 14B sold on 3/06 for $594,102 with 16A selling for $603,600 in 5/06. Both of these are - no surprise here -short sales. Nice to see four units going under contract!
Sandpiper 115 which was purchased for $180K in 12/01 and taken over by the bank in 7/09 closed this week for $214,900 while listed at the sale price. Ali'i Kai 5301, listed for $530,900 and purchased in 4/07 for $977K sold for $528,500. Like Sandpiper, Ali'i Kai was also a bank foreclosure. One of the developer's Nihilani units 15B, a Makani floor plan listed for $565K went under contract.
Cliffs 5205, purchased for $600K in 6/05 expired after 218 market days while listed for $525K. Ka'iulani 76, priced at $975K and purchased from the developer for $900,570 in 4/07 was withdrawn from the market after 295 days.
Now on to price changes: Villas on the Prince 30, which sold for $565K in 3/04 reduced from $629K to $619K. This unit is once again working its way down in price, having been listed for $569,850 from 12/2/09 to 12/32/09. At the end of the year, the unit went back up to $679K. Ka'iulani 107, purchased for $1,972,350 in 10/07 reduced from $2.250M to $1.950M. Paniolo 107 sold for $475K in 9/05 and reduced this week as a short sale from $209K to $198K. Puamana 9C went from $325K to $314,500 and sold for $175K in 4/02. Ali'i Kai 2101 went from $399K to $359K and was purchased for $451K in 11/04. Surprisingly, this unit is not a short sale. Agent owned Ali'i Kai 7202 sold in 1/88 for $115K and reduced this week from $475K to $465K.
One of the developer's Nihilani units, 2C, reduced from $570K to $549K. This unit has been listed as high as $769,200 back in 9/08 which says yet again, they are serious about finally selling out their units. Pali Ke Kua 13 sold for $121K in 9/96 and reduced from $589K to $569K. Since it's not an ocean view unit, this unit has plenty of competition from Nihilani and other newer complexes like Plantation. Cliffs 9102, a very nice ground floor ocean view unit purchased for $450K in 2/04 reduced from $750K to $699K. Right now, I think the best buy in ocean view in the Cliffs is the end unit on the second floor in building 9, 9201 priced at $589K. Here are all the Cliff's ocean view units on the market in this complex: (Please note that 8306 is LH)
Copyright 4/4/2010 by Hawaii Information Service
222323 T A 377 4-5-4-5-39-191 FS $589,000 Cliffs At Princeville #9201 963 #9201 1/2
225762 T A 263 4-5-4-5-39-169 FS $615,000 Cliffs At Princeville #7305 1,137 #7305 2/2
222351 T A 375 4-5-4-5-39-138 FS $635,000 Cliffs At Princeville #5308 1,186 #5308 2/2
224581 T A 297 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2
231316 T A 54 4-5-4-5-39-188 FS $699,000 Cliffs At Princeville #9102 917 #9102 1/2
226521 T A 184 4-5-4-5-39-178 FS $850,000 Cliffs At Princeville #8204 1,864 #8204 4/4
213606 T A 625 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
224660 T A 662 4-5-4-5-39-175 FS $995,000 Cliffs At Princeville #8201 963 #8201 1/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The last price change is a price increase on the Nihilani resale that went into escrow this week - unit 14B which went from $350K to $357,750. Now on to your Princeville home update:
Copyright 4/4/2010 by Hawaii Information Service
NEW LISTINGS
233631 RS A 2 4-5-4-9-19 FS $749,000 4188 Liholiho Rd 10,981 sqft 2,405 4/3
233489 RS A 2 4-5-4-24-4 FS $995,000 4194 Waileia Pl 9,632 sqft 3,480 4/3
BACK ON THE MARKET
218860 RS A 482 4-5-4-7-5 FS $599,000 3934 Namakeha Loop 13,387 sqft 2,047 3/2
PRICE CHANGES
233631 RS A 2 4-5-4-9-19 FS $749,000+ 4188 Liholiho Rd 10,981 sqft 2,405 4/3
228327 RS A 177 4-5-4-18-5 FS $875,000- 4156 Mahina Pl 12,194 sqft 1,668 3/2
228769 RS A 158 4-5-4-7-7 FS $975,000- 3930 Namakeha Loop 10,127 sqft 1,800 3/2.5
229262 RS A 144 4-5-4-14-26 FS $1,570,000- 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
You'll see a more "alphabet soup" after my name this week; SFR which is the Short Sale and Foreclosure Resource Designation. Short sales and foreclosures are, and udoubtedly will be, an important part of our market for the foreseeable future which is why specialized training is critical. If you need help figuring out if you should buy or sell now, or if you are looking for "the facts" on particular units, please do call or email. That's why I'm here. Enjoy your Easter Sunday!
Aloha Elaine
The rain brings rainbows....
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Short Sale and Foreclosure Resource Certification
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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