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

Aloha,

We had a fair amount of sunshine this week, which we desperately needed! It seemed to bring the buyers out too as six condos went into escrow. Yay! The “contingent” catagory was the largest which is extremely rare. Usually, new listings or price reductions lead the pack – it’s nice to see so many go into escrow.

NEW LISTINGS
252965 CND A 6 4-5-4-5-18-24 FS $265,000 Puamana #7A 1,214 #7A 2/2.00
253021 CND A 6 4-5-4-5-7-11 FS $389,000 Princeville Sealodge #B3 570 #B3 1/1.00

BACK ON THE MARKET
243730 CND A 366 4-5-3-6-22-48 FS $985,000 Kaiulani Of Princeville #48 2,479 #48 3/3.00

CONTINGENT SALES
236149 CND C 298 4-5-4-12-10-29 FS $399,000 Emmalani Court #422 1,192 #422 2/2.00
236081 CND C 298 4-5-4-12-10-41 FS $455,000 Emmalani Court #524 1,192 #524 2/2.00
250276 CND C 36 4-5-4-5-24-61 FS $469,000 Nihilani At Princeville Resort #21A 1,874 #21A 3/2.01
252731 CND C 12 4-5-4-12-9-19 FS $529,000 Pali Ke Kua Iii #141 1,148 #141 2/2.00
251871 CND C 51 4-5-4-12-3-30 FS $659,000 Hanalei Bay Villas #30 1,364 #30 3/2.01
233079 CND C 733 4-5-4-12-9-34 FS $719,000 Pali Ke Kua Iii #246 1,150 #246 2/2.00

UNDER CONTRACT
245727 CND U 282 4-5-4-12-11-36 FS $975,000 Puu Poa #308 1,726 #308 2/2.00

WITHDRAWN
218310 CND W 1148 4-5-4-12-5-9 FS $699,000 Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1.00

TEMPORARILY WITHDRAWN
235440 CND T 651 4-5-3-6-22-61 FS $825,000 Kaiulani Of Princeville #61 1,738 #61 2/2.01

PRICE CHANGES
250434 CND A 81 4-5-3-6-22-68 FS $699,000- Kaiulani Of Princeville #68 1,892 #68 2/2.01

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©3/18/2012

New Listings:
Puamana 7A is new on the market listed for $265K after being purchased for $135K in 5/01. Sealodge B3 is back on the market after selling as a foreclosure in 11/11 for $215K. With fresh paint and new appliances, the condo is priced at $389K.

Back on the Market:
Ka’iulani 48 is back on the market priced at $985K after expiring this week. This townhome sold on 9/07 for $1,502,610 from the developer.

Contingent:
Two Emmalani Court units, both owned by the same seller, went into escrow. Unit 422 is listed for $399K and sold as a foreclosure for $365K in 9/09. Unit 524 has a list price of $455K and was purchased for $380K as a short sale in 6/09. Short sale Nihilani 21A went into escrow while listed for $469K. This Makani floor plan sold for $778,745 from the developer in 10/06. Pali Ke Kua 141 went quickly into escrow after only 8 days while priced at $529K. This unit last sold for $205K in 1/99. Hanalei Bay Villas 30 was purchased for $530K in 8/03 and found a buyer while listed for $659K. Another Pali Ke Kua, unit 246, also went into escrow listed for $719K after 731 market days. This unit sold for $455Kin 4/01.

Under Contract:
Pu’u Po’a 308, which is listed for $699K, went from being active to under contract. This unit sold for $360K in 10/91.

Withdrawn:
Bali Hai and Hanalei Bay view Pali Ke Kua 109 was withdrawn after 1,148 days on the market. Now priced at $699K, this condo started out at $869,900 and was purchased for $621,400 in 12/03.

Temporarily Withdrawn:
Ka’iulani 61 was withdrawn after 651 market days with a list price of $825K. Purchased from the developer in 6/08 for $856,400 this townhome first came onto the market priced at $875K.

Price Changes:
Ka’iulani 68 reduced from $718K to $699K after selling for $898,250 in 1/08. Now on to your Princeville home update.

NEW LISTINGS
252630 RES A 5 4-5-3-12-36 FS $1,389,000 4020 Aloalii Dr 9,161 sqft 2,702 3/3.00
252743 RES A 7 4-5-4-23-30 FS $649,000 3812 Makani Kai Pl 11,878 sqft 1,846 4/3.00
253081 RES A 3 4-5-4-10-43 FS $1,295,000 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00

WITHDRAWN
245296 RES W 282 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/4.01

PRICE CHANGES
247169 RES A 202 4-5-4-13-71 FS $785,000- 3667 Albert Rd 11,213 sqft 1,924 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 ©3/19/2012

Last March there were 75 sales, 35 of which were residential and 24 condos. At this point in time there are 36 sales – 19 of which are residential and 10 condos. Do you think we’ll surpass March 2011? Overall activity is certainly on the upswing.

If you have any questions about these or any other properties, please do not hesitate to send me an email. I’m here to make sure you have the facts before buying or selling.

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………