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Princeville Kauai condo (and house) + short sale update for the week of Dec 11th to Dec 17th

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

Here we are, one week to Christmas. It’s pretty clear from the traffic jams encountered throughout the day, every day, that most people have not yet completed their preparations. Are you experiencing the same where you live? We went into Lihue from Princeville last night for a 6:30 dinner / Christmas party and ended up stuck in traffic. Really! It’s Saturday night at 6:15. Who would think you’d have a traffic jam on the weekend during non commute hours?

We’ve had little spurts of activity here and there, but overall I think most people in “holiday prep” mode. In general, in terms of visitors, the last few weeks have been pretty sparse, which is normal. When I can find a parking place at my condo complex in the evening that is by unit, I know the guest count is down. That’ll end next week for sure as everyone comes in on Friday for the holidays.

Here we are just past the midpoint and there have been 30 sales to date compared to 81 in Dec 10. Do you think we will surpass that this month? I’m guessing no but we’ll just have to wait and see. Overall, year to date we are ahead with 742 sales compared to 727 for 2010. We’re making progress, but as you can see, it’s slow going. Now on to your update:

NEW LISTINGS
250490 CND A 3 4-5-3-6-22-6 FS $1,395,000 Kaiulani Of Princeville #6 2,843 #6 3/3.01
250805 CND A 1 4-5-4-5-39-191 FS $495,000 Cliffs At Princeville #9201 963 #9201 1/2.00
250659 CND A 6 4-5-4-11-3-35 FS $899,000 Hanalei Bay Resort #H35 1,324 ##5303/4 2/2.00

CONTINGENT SALES
243770 CND C 166 4-5-4-12-3-29 FS $699,000 Hanalei Bay Villas #29 1,364 #29 3/2.01

SALES
232647 CND S 604 4-5-3-6-22-64 FS $655,000 Kaiulani Of Princeville #64 1,892 #64 2/2.01
SOLD 12/14/2011 for $590,000 (CASH) DOM 604

UNDER CONTRACT
244501 CND U 248 4-5-4-12-3-33 FS $595,000 Hanalei Bay Villas #33 1,244 #33 2/2.01

EXPIRED
236129 CND X 167 4-5-4-5-39-72 FS $399,000 Cliffs At Princeville #3204 917 #3204 1/2.00

PRICE CHANGES
248026 CND A 89 4-5-4-11-3-29 FS $699,000- Hanalei Bay Resort #H23 1,324 #H23 2/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/18/2011

New Listings:
Ka’iulani 6 is a new listing priced at a very attractive $1.395M after selling from the developer in 11/07 for $2,051,780. It is not a short sale. Ocean view Cliffs 9201 returns as a new listing with a new very attractive lower price of $495K. Purchased as a leasehold in 12/86 for $135K and converted to fee simple in 11/91 for $22,500, this unit was previously listed from 8/07 to 1/09 starting at $975K and reducing to $765K, from 3/09 to 6/10 with a start price of $685K and an ending price of $589K, once again from 8/10 to 6/11 during which time it stayed at $549K and lastly, from 7/11 to 10/11 when it was priced at $549K. Hanalei Bay Resort 5303/04 is back as a new listing priced at $899K. This unit sold for $349K in 7/00 and was previously listed from 6/10 to 6/11 for $995K.

Contingent:
Hanalei Bay Villas 6 went into escrow while priced at $699K. This completely and beautifully remodeled unit sold for $320K in 7/00.

Sales:
Ka’iulani 64K, priced at $655K which is well below the original sale price of $861,070 in 3/08, went from contingent to under contract. Within a couple of days, escrow closed with a sale price of $590K. Great price for that unit.

Under Contract:
Hanalei Bay Villas 33 went into escrow while priced at $595K. This free standing townhouse sold for $445K in 4/02 and first came on the market priced at $675K.

Expired:
Second floor Cliffs 3204 expired after 167 market days with a list price of $399K. Originally purchased in 1/08 for $380K, this unit started out priced at $439K.

Price Changes:
Hanalei Bay Resort 5207-08 was last purchased as a foreclosure in 7/10 for $483,280. This unit originally came on the market 89 days ago at $725K and reduced to $699K this week.

Now on to your Princeville home update:

NEW LISTINGS
249380 RES A 4 4-5-4-19-2 FS $1,495,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.01
250796 RES S 0 4-5-4-4-26 FS $2,300,000 5181 Hanalei Plant Rd 22,450 sqft 2,939 5/3.01
SOLD 12/16/2011 for $2,250,000 (CASH) DOM 0

BACK ON THE MARKET
235661 RES A 542 4-5-4-13-30 FS $2,900,000 3559 Kaweonui Rd 11,372 sqft 1,946 #0 3/2.01

CONTINGENT SALES
250327 RES C 19 4-5-4-13-82 FS $549,000 3684 Albert Rd 11,847 sqft 2,464 2/3.01

SALES
236922 RES S 474 4-5-4-23-70 FS $575,000 3788 Mapuana Pl 7,022 sqft 1,270 #0 3/2.00
SOLD 12/15/2011 for $525,500 (CNV) DOM 474

249371 RES S 9 4-5-4-13-74 FS $1,675,000 3651 Albert Rd 10,838 sqft 3,218 3/3.01
SOLD 12/12/2011 for $1,595,000 (CNV) DOM 9

250796 RES S 0 4-5-4-4-26 FS $2,300,000 5181 Hanalei Plant Rd 22,450 sqft 2,939 5/3.01
SOLD 12/16/2011 for $2,250,000 (CASH) DOM 0

EXPIRED
248967 RES X 75 4-5-4-23-35 FS $599,900 3793 Moae Pl 6,386 sqft 1,651 3/2.00
241241 RES X 0 4-5-4-21-27 FS $895,000 4871 Akai Pl 11,486 sqft /0.00
241082 RES X 363 4-5-4-13-76 FS $1,350,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

PRICE CHANGES
248271 RES A 103 4-5-4-21-6 FS $699,000- 3730 Albert Rd 14,367 sqft 1,985 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. Copyright ©12/18/2011

That’s it for this week. Yes, I will be reporting Christmas week – inbetween all the holiday parties and good food. Remember to take your time and enjoy this week. It’s a rush every Christmas but we all seem to get everything done in time. I’m here if you need the facts before buying or selling. Just email me. Mele Kalikimaka.

Aloha Elaine


I actually had time to go to Hanalei Bay and got this great shot of the surf.

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 (2)

Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Serving Glastonbury & Beyond | 218 New London Trnk

Looks like a lot of real estate sales in your area! We are gaining speed here too.  Today, however, its all about holiday baking.

Dec 18, 2011 08:03 AM
Elaine Schaefer
Sold on Kauai Realty - Princeville, HI
R, CRS, GRI, ABR, SFR

Mele Kalikimaka to you Linda and thanks for the comment.  We're holding steady here with lots of great buys. I expect next year will be even better than 2011. 

Dec 18, 2011 08:07 AM