Princeville Kauai condo (and house) + short sale update for the week of Feb 26th to Mar 3rd.

Aloha,

Here we are in March already – we had an extra day in February but weren’t able to top the numnber of sales in Feb 2011 which was 64. This Feb we came close with 60 – 20 of which were condos compared to 24 last Feb. With interest rates holding steady, and banks seemingly getting more proficient at short sales, buyers are starting to step up to the many great opportunities. This week we saw one condo and three homes go into escrow. Take a look:

NEW LISTINGS
245906 CND A 3 4-5-3-6-22-29 FS $1,375,000 Kaiulani Of Princeville #29 2,864 #29 3/3.01
250490 CND A 3 4-5-3-6-22-6 FS $1,395,000 Kaiulani Of Princeville #6 2,843 #6 3/3.01
252627 CND A 6 4-5-4-5-18-2 FS $265,000 Puamana #1B 1,532 #1B 2/2.00
246456 CND A 3 4-5-4-5-17-42 FS $289,000 Alii Kai Ii Hanalei #13B 1,020 #13B 2/2.00
249586 CND A 3 4-5-4-5-17-49 FS $299,000 Alii Kai Ii Hanalei #14A 1,020 2/2.00
251908 CND A 5 4-5-4-12-8-3 FS $379,000 Pali Ke Kua Ii #3 993 #3 1/1.01
245756 CND A 3 4-5-4-5-24-37 FS $499,000 Nihilani At Princeville Resort #13A 1,874 #13A 3/2.01
246073 CND A 3 4-5-4-6-1-19 FS $629,000 Villas Of Kamalii #19 1,815 #19 3/3.00

BACK ON THE MARKET
243074 CND A 186 4-5-3-6-22-2 FS $1,250,000 Kaiulani Of Princeville #2 2,843 #2 3/3.01
236081 CND A 284 4-5-4-12-10-41 FS $455,000 Emmalani Court #524 1,192 #524 2/2.00

CONTINGENT SALES
246499 CND C 249 4-5-4-5-16-28 FS $380,000 Alii Kai At Hanalei #4104 1,086 #4104 2/2.00

SALES
240715 CND S 29 4-5-4-5-24-50 FS $385,000 Nihilani At Princeville Resort #17B 1,567 #17B 2/2.01
SOLD 3/2/2012 for $330,000 (CNV) DOM 29

245051 CND S 241 4-5-4-12-10-27 FS $389,000 Emmalani Court #415 1,456 #415 2/2.00
SOLD 2/29/2012 for $385,000 (CNV) DOM 241

WITHDRAWN
244026 CND W 340 4-5-4-5-39-159 FS $599,000 Cliffs At Princeville #7201 963 #7201 1/2.00

PRICE CHANGES
251877 CND A 32 4-5-3-6-22-70 FS $659,000+ Kaiulani Of Princeville #70 1,738 #70 2/2.01
246499 CND C 249 4-5-4-5-16-28 FS $380,000+ Alii Kai At Hanalei #4104 1,086 #4104 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 ©3/4/2012

New Listings:
Although it appears there are numerous new listings this week, six of the eight listings are actually “new” as a result of the list agent changing brokerage affiliation. These units are: Ka’iulani 29 and 6, priced at $1.375M and $1.395M respectively, Ali’i Kai 13B and 14A, with list prices of $289K and $299K, Nihilani 13A priced at $499K and finally, Villas of Kamali’i 19 with a price of $629K.
The two new listings are: Puamana 1B, a short sale listed for $265K after selling for $405K in 4/05 and Pali Ke Kua 3, which is listed for $379K with a prior purchase price of $85K back in 11/97. This is the first time on the MLS for both of these properties since the last sale.

Back on the Market:
Unfortunately, the developer’s Ka’iulani 2 is back on the market after going into escrow on 2/7. This unit is priced at $1.250M. Emmalani Court 524 went briefly into escrow on 2/21 but is now back on the market. It last sold as a short sale for $380K in 6/09.

Contingent:
Ocean view Ali’i Kai 4104 fell out of escrow on 3/1 at a new bank approved price of $380K up from $375K and went quickly back into escrow. It last sold for $950K in 8/05.

Sales:
Short sale Nihilani 17A sold for $330K while listed for $385K. This Moana unit sold for $637,113 in 7/06. Non short sale Emmalani Court 415 sold for $385K while listed for $389K. This condo sold for $610K in 5/05 and started out 241 days also listed for $499K.

Withdrawn:
Ocean view second floor Cliffs 7201 was withdrawn from the market after 340 days priced at $599K. It was purchased in 8/05 for $655K.

Price Changes:
The developer’s Ka’iulani 70 increased in price from $625K to $659K. Short sale Ali’i Kai 4104 moved up to a bank approved price of $380K from $375K.

Now on to your Princeville home update – there are no new listing. The update starts with “back on the market.”

BACK ON THE MARKET
245677 RES A 275 4-5-4-24-5 FS $635,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01
249007 RES A 136 4-5-4-4-9 FS $15,000,000 52-003 Hanalei Plant Rd 218.00 ac 1,811 4/2.01

CONTINGENT SALES
238795 RES C 531 4-5-3-12-30 FS $995,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
248967 RES C 149 4-5-4-23-35 FS $575,000 3793 Moae Pl 6,386 sqft 1,651 3/2.00
250356 RES C 89 4-5-4-19-15 FS $1,187,100 5111 Kuhina Pl 17,755 sqft 3,488 3/4.00

SALES
244861 RES S 256 4-5-4-22-16 FS $998,000 4036 Kaikioewa Pl 12,434 sqft 3,474 4/4.00
SOLD 2/29/2012 for $930,000 (CNV) DOM 256

EXPIRED
236140 RES X 224 4-5-4-14-26 FS $1,570,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.01

WITHDRAWN
251113 RES W 56 4-5-4-4-52-1 FS $4,995,000 Hgfe Lot 13 Condominium #A 31,715 sqft 3,864 #A 4/3.01

TEMPORARILY WITHDRAWN
246652 RES T 240 4-5-4-21-28 FS $1,275,000 4865 Akai Pl 16,048 sqft 3,528 4/3.01

PRICE CHANGES
235661 RES A 619 4-5-4-13-30 FS $2,299,000- 3559 Kaweonui Rd 11,372 sqft 1,946 #0 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. Copyright ©3/4/2012

We’ve been under a flash flood warning for about a day now – and it’s still raining. Hanalei Bridge is closed – and the surf is up. As I’m typing this, I can see a couple and someone with a camera out on the bluff in the rain. The gal is in a white wedding dress seemingly oblivious to the rain. I guess they got married today and are getting wedding pictures taken regardless of the weather. It’s just funny to see a bride walking around in this weather when everyone else is all bundled up in rain gear with umbrellas.

Getting back to real estate – If you have any questions on these or any other proeprties, please do not hesitate to ask. Just send an email. I’m here to make sure you have the facts, before you buy or sell.

Aloha Elaine

Big surf in the rain.

Hanalei Valley taro fields – road is still closed.

Happy in the rain with her raincoat on!

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