Princeville Kauai condo (and house) + short sale update for the week of Apr 24th to Apr 30th

Aloha,

April 2011 ending up falling short of April 2010 sales, with only 54 posted compared to 66 in April 2010. There still may be a few more sales recordings over the next few days so we'll see how things end up. Here is your update for this past week:

Copyright 5/1/2011 by Hawaii Information Service

NEW LISTINGS
243816 CND AT CPR A 4 4-5-4-15-21-44 FS $270,000 Sandpiper Village I #207 1,173 #207 2/2.01
244839 CND DT CPR A 4 4-5-4-5-39-96 FS $349,000 Cliffs At Princeville #4202 917 #4202 1/2.00

CONTINGENT SALES
238674 CND AT CPR C 226 4-5-3-6-22-43 FS $1,350,000 Kaiulani Of Princeville #43 2,443 #43 3/3.01
237064 CND AT CPR C 279 4-5-4-5-16-40 FS $389,900 Alii Kai At Hanalei #5104 1,085 #5104 2/2.00

SALES
240004 CND DT CPR S 126 4-5-4-12-3-1 FS $383,400 Hanalei Bay Villas #1 1,244 #1 2/1.02
SOLD 4/30/2011 for $364,300 (CNV) DOM 126

PRICE CHANGES
243730 CND AT CPR A 45 4-5-3-6-22-48 FS $1,075,000- Kaiulani Of Princeville #48 2,479 #48 3/3.00
230147 CND AT CPR A 505 4-5-3-6-22-9 FS $1,750,000- Kaiulani Of Princeville #9 2,864 #9 3/3.01
243460 CND AT CPR A 58 4-5-4-15-21-28 FS $214,900- Sandpiper Village I #128 1,042 #128 2/2.00
239599 CND DT CPR A 181 4-5-4-12-3-23 FS $399,000- Hanalei Bay Villas #23 1,244 #23 2/2.01
241801 CND AT CPR A 107 4-5-4-5-24-94 FS $505,000- Nihilani At Princeville Resort #32A 1,857 #32A 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.

New Listings
Sandpiper 207 is new on the market priced at $270K after selling for $299K in 1/03. If you don't mind being on the road, this is a great unit as it's painted with a myriad of tropical colors. It was previously listed for a short period of time from 5/08 to 10/08 starting at $522,500 and reducing to $512,500. Short sale ocean view Cliffs 4202 was purchased for $590K in 9/07 and is now listed for $349K. A good buy for this 1 bed, 2 bath unit.

Contingent
Ka'iulani 43 sold for $1.650M in 3/08 and initially came on the market at the slightly higher price of $1.695M 221 days ago. In 2/11 it was reduced to $1.350M and went into escrow this week with that list price. It is not a short sale. Short sale ocean view Ali'i Kai 5103 went into escrow while priced at $389,900 after initially coming on the market at $599K 275 days ago. This unit was purchased for $835K in 6/05.

Sales
Bank REO Hanalei Bay Villas 1 finally sold this week for $364,300 while listed for $383,400. Unit 1 sold for $700K in 6/05 and was foreclosed on by the lender in 4/10. This unit came on the market initially priced at $509,900.

Price Changes
Ka'iulani 49 sold for $1,502,610 in 9/07 and reduced from $1.150M to $1.075M while unit 9, which sold for $2,008,207 in 2/08 went from $1.985M to $1.750M. FNMA REO Sandpiper 128, which was purchased for $490K in 6/05, reduced to $214,900 from $229,900. Short sale Hanalei Bay Villas 23 made a substantial price reduction, going from $439K to $399K. This unit sold for $600K in 6/04. Short sale Nihilani 32A reduced from $515K to $505K and last sold for $985K in 3/06. Now on to your Princeville home update:

Copyright 5/1/2011 by Hawaii Information Service

SALES
233971 RES DT FL S 291 4-5-4-9-23 FS $549,000 5215 Poki'i Ln 11,157 sqft 1,432 3/2.00
SOLD 4/29/2011 for $500,000 (CNV) DOM 291
224321 RES DT FL S 631 4-5-4-18-50 FS $995,000 4571 Emmalani Dr 10,645 sqft 3,680 3/3.01
SOLD 4/27/2011 for $814,500 (CASH, CNV) DOM 631

EXPIRED
239667 RES DT FL X 183 4-5-4-17-30 FS $649,000 4841 Victoria Loop 12,679 sqft 1,494 3/2.00

PRICE CHANGES
235317 RES DT FL A 319 4-5-3-12-42 FS $1,195,000+ 4046 Aloalii Dr 8,041 sqft 1,603 #0 3/2.01
228327 RES DT FL A 569 4-5-4-18-5 FS $749,000- 4156 Mahina Pl 12,194 sqft 1,668 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

I know I sound like a broken record, but if you ask me if now is a good time to buy, I will tell you yes, yes and yes. It may take awhile, especially if you get involved in a short sale or to a lesser degree, a foreclosure, but it is well worth the time and effort. If you need the facts before you buy or sell, you know who to ask. That's why I'm here. Enjoy your spring weather!

Aloha Elaine

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.........