Princeville Kauai condo (and house) + short sale update for the week of Dec 25th to Dec 31st

Aloha,

Hau’ole Makahiki Hou as we say here in the Islands. The first day of the year got off to a somewhat slow start as the electricity went off around 3:30 AM and was still off at 10:30 AM when I went out for a walk. I called KIUC (electric company) because my walking partner, who lives in a condo around the corner, was up and running after experiencing a brief blackout in the early morning hours. KIUC told me the outage was just on our end of the road, only on the one side. As I walked out, I saw the KIUC truck parked, presumably with the crew hard at work somewhere in the immediate area. Electricity was finally restored an hour or so later but by then I was out of the house for the day. Now on to your update:

NEW LISTINGS
250434 CND A 4 4-5-3-6-22-68 FS $718,000 Kaiulani Of Princeville #68 1,892 #68 2/2.01
250433 CND A 4 4-5-3-6-22-10 FS $1,369,000 Kaiulani Of Princeville #10 2,864 #10 3/3.01
250964 CND A 6 4-5-4-5-39-98 FS $325,000 Cliffs At Princeville #4204 917 #4204 1/2.00

BACK ON THE MARKET
244431 CND A 265 4-5-4-5-24-52 FS $330,000 Nihilani At Princeville Resort #18A 1,406 #18A 2/2.00
236129 CND A 174 4-5-4-5-39-72 FS $399,000 Cliffs At Princeville #3204 917 #3204 1/2.00

CONTINGENT SALES
246638 CND C 164 4-5-4-15-21-40 FS $188,000 Sandpiper Village I #203 1,173 #203 2/2.01

SALES
227937 CND S 175 4-5-4-5-16-51 FS $375,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2.00
SOLD 12/30/2011 for $354,000 (CASH) DOM 175

EXPIRED
246518 CND X 180 4-5-3-6-22-77 FS $749,000 Kaiulani Of Princeville #77 1,892 #77 2/2.01
225686 CND X 0 4-5-4-5-16-57 FS $399,000 Alii Kai At Hanalei #7202 886 #7202 2/2.00
240429 CND X 177 4-5-4-5-23-61 FS $441,000 Plantation At Princeville #1611 1,153 #1611 2/2.00
245468 CND X 223 4-5-4-11-3-15 FS $1,175,000 Hanalei Bay Resort #C25 1,705 #4204/5/6 3/3.00
234176 CND X 1118 4-5-4-11-3-1 FS $1,695,000 Hanalei Bay Resort #A11 1,705 #Bamboo A11 3/3.00

PRICE CHANGES
244431 CND A 265 4-5-4-5-24-52 FS $330,000- Nihilani At Princeville Resort #18A 1,406 #18A 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 ©1/1/2012

New Listings:
Ka’iulani 68 is now on the market priced at $718K after selling for $898,250 in 1/08. It was previously listed for $995K from 1/10 to 11/11. Also listed at a new low price is Ka’iulani 10 for $1.369M after selling for $1,921,440 in 2/08. It was listed from 11/08 to 4/10 for $2.150M and again from 6/10 to 11/11 for $1.6M. Ocean view Cliffs 4204 is new on the market priced very attractively at $325K. This unit last sold for $387,500 in 5/04.

Back on the Market:
Short sale Nihilani 18A is back on the market with a new bank approved price of $330K down from $335K. It went into escrow on 5/18 but unfortunately did not close. This ground floor unit sold for $619,110 in 8/06. Cliffs 3204 is back on the market after expiring while priced at $399K. The last purchase price for this unit was $380K in 1/08 and first came on the market at $439K.

Contingent:
Sandpiper 203, a short sale priced at a very low $188K, went into escrow. It last sold for $370,500 in 7/04.

Sales:
Short sale Ali’i Kai 6103 sold for $354K cash while listed for $375K. It sold previously for an amazing $710K in 4/05.
Under Contract:

Expired:
Ka’iulani 77 expired while listed for $749K, having sold from the developer in 4/07 for $826,530. Aki’I Kai 7202, priced at $399K, expired although it had been taken off the market back in 5/11. It last sold for $115K IN 1/88. Plantation 1611 was purchased for $470K in 4/06 and expired with a list price of $441K. Hanalei Bay Resort 4204-5-6 expired after 223 market days while listed at $1.175M. It was purchased for $1.064M in 4/05. Also expiring at Hanalei Bay Resort is unit A11 which was listed for 1,118 days. It sold for $1.695M in 7/07 and started out at $1.895M, dropping to $1.695M during the life of the listing.

Price Changes:
As noted under “back on the market” – Nihilani 18A reduced from $335K to a bank approved price of $330K. Now on to your very brief Princeville home update:

EXPIRED
241555 RES X 182 4-5-4-15-3 FS $1,449,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.01
236140 RES X 165 4-5-4-14-26 FS $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

PRICE CHANGES
243818 RES A 286 4-5-3-12-33 FS $1,395,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©1/1/2012

For New Years Eve, we went into town to see the Decendants, with George Clooney, a movie I highly recommend. It was filmed on Oahu and Kauai. If you want to see some beautiful scenery, or show your friends where you live or hope to live, take them to the movie with you. The Kauai portion of the film is based primarily in Princeville and Hanalei. Don’t miss it.

I want to thank all of you that read this blog every week, check my website for the market stats each month and in general, keep in touch with me. It’s very rewarding to be able to help each and every one of you – whether buying or selling. I wish for you a healthy, loving, prosperous new year filled with wonder and surprise.

With much 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: www.activerain.com/blogs/soldonkauai

……Making your real estate dreams
my business………