Aloha,
We're seeing more people coming back to the Island as we head into the holidays. This week 10 condos came on the market Island wide and 6 came back on the market. On the negative side, 3 sold, 3 went into escrow, 2 expired, 4 were withdrawn and 1 was temporarily withdrawn for a gain of 3 additional units. As for houses, there was a lot of activity, with 17 new listings and 9 that came back on the market. The activity, however, was on the other side with 9 going into escrow, 16 sold, 6 moved to under contract and 5 expired for a nice reduction in inventory of 10 homes. I'm hearing of more and more buyers that started out looking at condos then switched to houses once they saw the pricing. Certainly seems to be the case this week. Here is your Princeville condo update:
Copyright 12/5/2010 by Hawaii Information Service
NEW LISTINGS
240854 CND AT CPR A 4 4-5-3-6-22-72 FS $899,000 Kaiulani Of Princeville #72 1,901 #72 2/2.01
240939 CND AT CPR A 2 4-5-4-5-39-7 FS $226,000 Cliffs At Princeville #1107 917 #1107 1/2.00
240429 CND AT CPR A 1 4-5-4-5-23-61 FS $441,000 Plantation At Princeville #1611 1,153 #1611 2/2.00
240671 CND DT CPR A 6 4-5-4-12-11-2 FS $999,000 Puu Poa #102 1,352 #102 2/2.00
BACK ON THE MARKET
239545 CND AT CPR A 52 4-5-4-12-2-35 FS $265,000 Hale Moi #215 1,033 #215 1/2.00
227872 CND AT CPR A 232 4-5-4-5-24-16 FS $449,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.01
CONTINGENT SALES
236081 CND AT CPR C 104 4-5-4-12-10-41 FS $525,000 Emmalani Court #524 1,192 #524 2/2.00
SALES
236069 CND AT CPR S 126 4-5-4-15-21-43 FS $249,000 Sandpiper Village I #206 1,173 #206 2/2.01
SOLD 12/3/2010 for $240,000 (CASH) DOM 126
237663 CND AT CPR S 8 4-5-4-5-12-19 FS $269,900 Sealodge Ii #H1 556 #H1 1/1.00
SOLD 12/3/2010 for $270,000 (CASH, CNV) DOM 8
WITHDRAWN
234415 CND AT CPR W 214 4-5-4-5-4-10 FS $355,000 Princeville Mauna Kai #10A 1,503 #10A 2/2.00
PRICE CHANGES
234372 CND AT CPR A 175 4-5-3-6-22-8 FS $1,800,000- Kaiulani Of Princeville #8 2,864 #8 3/3.01
240237 CND AT CPR A 24 4-5-4-5-24-69 FS $429,000- Nihilani At Princeville Resort #23C 1,972 #23C 3/3.00
228165 CND AT CPR A 123 4-5-4-12-10-27 FS $449,000- Emmalani Court #415 1,456 #415 2/2.00
229552 CND AT CPR C 349 4-5-4-5-12-27 FS $375,000+ Sealodge Ii #H9 567 #H9 1/1.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Ka'iulani 72 returns to the market priced at $899K after being previously listed from 2/08 to 4/08 for $1.295M. This unit sold for $857,270 in 4/07. Cliffs 1107 is priced at $226K this time, having been previously listed from3/08 to 3/09 for $475K. Although currently a leasehold unit, the seller is in the process of buying the fee to convert it to fee simple. The unit was purchased in 2/04 for $205K as a leasehold property. Plantation 1611 was listed from 9/06 to 4/09, starting at $649K and reducing to $599K when it was withdrawn. Purchased in 4/06 for $470K, it is a new listing this week with a list price of $441K and is not a short sale.
Pu'u Po'a 102 is back on as a new listing priced at $999K after selling in 5/05 for a hefty $1.4M. Of course, back then, that seemed like a really good price. This unit was previously listed from 6/08 to 7/09 for $1.595M when it expired. Interestingly, prior to the current owner purchasing this unit, it was listed from 11/03 to 10/04 for $859K which is not all that far off from the current price.
Short sale Hale Moi 215 is unfortunately back on the market after going into escrow on 10/28 priced at $265K. This unit sold for $425K in 8/04. Another short sale joins Hale Moi in returning to the market, and that is Nihilani 6A priced at $449K. Purchased in 2/07 for $770,080, this agent owned unit went into escrow on 11/6 and is once again available. Short sales are not easy: they require a buyer with a good deal of patience and the ability to get financing.
Emmalani Court 524 which sold as a short sale in 6/09 for a very nice $380K went into escrow while priced at $525K. This unit was upgraded by the previous owners and may yield the current owner a net gain on the sale!
Sandpiper 206 finally closed for $240K while listed for $249K. This unit sold for $114,500 in 11/99 and is one of the few units that is not a short sale. Also closing this week is Sealodge H1 which sold for $560K in 8/05 and was foreclosed on by the bank in 7/10. It sold for $270K cash while listed for $269,900.
The highly upgraded Mauna Kai 10A which sold for $289K in 8/03 was withdrawn after 214 market days priced at $355K.
As for price changes, Ka'iulani 8 sold for $1,939,420 in 3/08 and reduced from $1.910M to $1.8M. Nihilani 23C, a Mahina unit purchased from the developer in 11/06 for $890,579 went from $444K to $429K. Emmalani Court 415 was priced at $479K and dropped to $449K this week. This unit sold for $610K in 5/05 and is not a short sale. The final price change is an adjustment up for Sealodge H9 which sold for $745K in 7/06. Since it is in escrow I suspect the price adjustment is to bring the list price in line with the sale price - but we'll have to wait until it closes to see if that is the case. H9 went from $349K to $375K but at either price, it's a killer deal for this penthouse unit with no common walls and fabulous ocean views.
Here is your weekly Princeville Home update:
Copyright 12/5/2010 by Hawaii Information Service
NEW LISTINGS
240845 RES DT FL A 4 4-5-4-22-4 FS $444,900 4087 Nalani Ln 11,244 sqft 1,424 3/2.00
240181 RES DT FL C 3 4-5-4-22-1 FS $500,000 4042 Kaikio'ewa Pl 10,936 sqft 1,812 4/2.00
BACK ON THE MARKET
239622 RES DT FL A 10 4-5-4-16-18 FS $629,000 4060 Ka'ahumanu Pl 11,792 sqft 2,364 3/3.00
236140 RES DT FL A 164 4-5-4-14-26 FS $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01
CONTINGENT SALES
240181 RES DT FL C 3 4-5-4-22-1 FS $500,000 4042 Kaikio'ewa Pl 10,936 sqft 1,812 4/2.00
237376 RES DT FL C 129 4-5-4-9-55 FS $945,000 5331 Honoiki Rd 10,689 sqft 2,554 3/3.00
SALES
239211 RES DT FL S 7 4-5-4-14-17 FS $674,900 3835 Albert Rd 10,579 sqft 2,708 3/3.02
SOLD 12/3/2010 for $675,000 (CNV) DOM 7
209942 RES AT FL S 863 4-5-4-8-9 FS $699,000 3887 Punahele Rd 11,139 sqft 3,246 4/3.00
SOLD 11/29/2010 for $680,000 (CASH) DOM 863
UNDER CONTRACT
235527 RES DT FL U 143 4-5-4-23-76 FS $619,000 3789 Mapuana Pl 6,398 sqft 1,535 #0 3/2.01
PRICE CHANGES
238655 RES DT FL A 83 4-5-4-16-40 FS $677,500- 4130 Kekaulike Ln 10,500 sqft 1,625 3/2.00
236829 RES DT FL A 135 4-5-4-21-11 FS $725,000- 3856 Kaweonui Rd 10,796 sqft 2,442 #0 3/2.01
240016 RES DT FL A 13 4-5-4-9-17 FS $959,000- 4206 Liholiho Rd 10,407 sqft 1,668 3/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
3887 Punahele finally closed at $680K after 863 market days. This home, which sold for $1.475M in 12/06, intially came on the market at $1.75M then started it's downward journey until it finally went into short sale territory. It has potential but fell into disrepair while on the market. There's still many good buys on the market, and many more to come. Please call or email before buying or selling for the facts. Have a wonderful Holiday Season as you head into the stores to find that special gift for your friends and family.
Aloha Elaine
Turtle in front of the Cliffs.
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/
......Making your real estate dreams
my business.........
Comments(0)