Aloha,
Finally, some sun today! Once again we had flash flood warning this week and several truly torrential downpours. My only question is, why does it happen everytime I go out to show property? My client's showed up at the house they wanted to see with a beach towel over their heads, then used the towel to dry off before viewing the home. I love the rain, but not when I'm trying to get into the car holding an unbrella, paperwork, my purse, water and everything else.
This past May outperformed May 2010 by a solid 24% increase. I'll be posting a brief overview of May 2011 Stats next or you can go to my website and download the entire report. Now on to your weekly update:
Copyright 6/5/2011 by Hawaii Information Service
NEW LISTINGS
245656 CND AT CPR A 4 4-5-4-5-24-62 FS $299,900 Nihilani At Princeville Resort #21B 1,406 #21B 2/2.00
245671 CND AT CPR A 3 4-5-4-5-24-22 FS $750,000 Nihilani At Princeville Resort #8A 1,874 #8A 3/2.01
245727 CND AT CPR A 3 4-5-4-12-11-36 FS $1,350,000 Puu Poa #308 1,726 #308 2/2.00
BACK ON THE MARKET
242917 CND AT CPR A 94 4-5-4-5-30-6 FS $254,900 Princeville Mauna Kai #F6 1,280 #F6 2/2.00
241801 CND AT CPR A 127 4-5-4-5-24-94 FS $475,000 Nihilani At Princeville Resort #32A 1,857 #32A 3/2.01
CONTINGENT SALES
245242 CND DT CPR C 23 4-5-4-5-30-26 FS $293,040 Princeville Mauna Kai #T4 1,512 #T4 3/2.01
235459 CND AT CPR C 363 4-5-4-12-11-55 FS $1,488,000 Puu Poa #413 1,765 #413 2/2.00
SALES
238674 CND AT CPR S 220 4-5-3-6-22-43 FS $1,350,000 Kaiulani Of Princeville #43 2,443 #43 3/3.01
SOLD 6/3/2011 for $1,175,000 (CNV) DOM 220
244319 CND AT CPR S 6 4-5-4-5-30-14 FS $274,900 Princeville Mauna Kai #F24 1,478 #F24 3/2.00
SOLD 6/3/2011 for $319,000 (CASH) DOM 6
244103 CND AT CPR S 14 4-5-4-5-18-34 FS $279,000 Puamana #9C 1,532 #9C 2/2.00
SOLD 6/3/2011 for $270,000 (CNV) DOM 14
232993 CND AT CPR S 70 4-5-4-5-18-75 FS $330,000 Puamana #21A 1,312 #21A 2/2.00
SOLD 6/1/2011 for $290,000 (CASH) DOM 70
EXPIRED
243460 CND AT CPR X 91 4-5-4-15-21-28 FS $214,900 Sandpiper Village I #128 1,042 #128 2/2.00
242008 CND AT CPR X 138 4-5-4-5-18-89 FS $295,000 Puamana #24D 1,500 #24D 2/2.00
PRICE CHANGES
243654 CND AT CPR A 82 4-5-4-5-12-1 FS $279,000- Sealodge Ii #F1 556 1/1.00
243465 CND AT CPR A 236 4-5-4-5-24-14 FS $295,000- Nihilani At Princeville Resort #5B 1,406 #5B 2/2.00
233729 CND AT CPR A 425 4-5-4-6-1-33 FS $695,000- Villas Of Kamalii #33 1,825 #33 3/3.00
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:
Nihilani 21B, a Moana FNMA REO hit the market this week priced at $299,900 after selling for $656,650 in 10/06. This unit offers HomePath financing with very attractive incentives. Nihilani 8A, a Makani townhouse style unit, sold for $803,302 from the developer in 3/07 and is new on the market at $750K. Pu'u Po'a 308 was last purchased for $360K back in 10/91 and comes on the market this week at $1.350M.
Back on the Market:
Bank owned Mauna Kai F6 is back on the market priced at $254,900 after selling for $431,650 in 11/04. It was foreclosed on in 12/10 and went into escrow on 4/18, which apparently didn't work out.
Contingent:
Mauna Kai T4 went into escrow priced at $293,040 as a bank REO. This unit sold for $655K in 11/06 and was foreclosed on in 12/10. Pu'u Po'a 413 is in escrow while priced at $1.488M. This unit sold for $1M in 4/09.
Sales:
Ka'iulani 43 sold for $1.175M while listed for $1.350M. This unit last sold for $1.650M in 3/08 and was not a short sale. Someone must have really wanted this particular Mauna Kai unit, F24 as it went into escrow after only 6 market days and sold for $319K which is well over the asking price of $274,900. It was last purchased back in 11/96 for $129K. Puamana 9C was listed for $279K and closed for $270K. The last purchase price was $175K in 4/02. Puamana 21A closed for $290K while priced at $330K. This unit sold for $253K in 5/03.
Expired:
Sandpiper 128, a FNMA REO expired while listed at $214,900. The last sale for this condo was in 6/05 for $490K before being foreclosed on in 1/11. Puamana 24D was listed for $295K when it expired. The last sale was in 9/03 for $268K.
Withdrawn:
Price Changes:
Sealodge F1 is a short sale purchased for $600K in 6/05, which then reduced from $299K to $279K this week. Short sale Nihilani 5B reduced from $394,500 to $294,500 as it fell out of escrow and came back on the market. It sold for $710,405 in 10/06. Villas of Kamali'i 33 reduced from $795K to $695K, having sold for $649K in 7/04.
Lots of activity this week. Now on to your Princeville home update:
Copyright 6/5/2011 by Hawaii Information Service
NEW LISTINGS
245677 RES DT FL A 2 4-5-4-24-5 FS $760,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01
245736 RES DT FL A 2 4-5-4-4-54 FS $8,888,888 Hanalei Plantation Rd # 5.06 ac 640 1/1.00
PRICE CHANGES
245410 RES DT FL A 21 4-5-4-13-63 FS $585,000- 3737 Albert Rd 10,665 sqft 2,219 3/2.00
240016 RES DT FL A 195 4-5-4-9-17 FS $919,000- 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.
Things seem to be picking up for summer (hopefully...) While out showing property this weekend I met several other realtors/clients looking at the same properties we were. At some of the units, it was almost like a parade as one group came in and another went out. To me, that's a good thing! That's it for this week. Please call or email if you want the facts before buying or selling. In the meantime, enjoy your blue skies and sunshine wherever you are.
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.........
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