Aloha,
Things are starting to move and the consensus seems to be that the market as a whole is picking up, especially with condos. As of today, there are thirty three units in escrow, twenty of which are priced at $500K or less. Eight are in the $500K – $600K price range with only one of the remaining five priced over $1M. In addition, there are only three active condos priced under $250K. With seventy seven active units, there’s still quite a selection from $250K up to $3.425M which is for the entire Orchid Point complex which consists of three ocean front units. Here is your update for this past week:
NEW LISTINGS
252867 CND A 6 4-5-4-5-18-36 FS $305,000 Puamana #10B 1,532 #10B 2/2.00
253093 CND A 6 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01
BACK ON THE MARKET
251037 CND A 74 4-5-4-12-10-11 FS $369,000 Emmalani Court #224 1,192 #224 2/2.00
250276 CND A 43 4-5-4-5-24-61 FS $469,000 Nihilani #21A 1,874 #21A 3/2.01
CONTINGENT SALES
246456 CND C 23 4-5-4-5-17-42 FS $289,000 Alii Kai Ii Hanalei #13B 1,020 #13B 2/2.00
SALES
252300 CND S 0 4-5-4-5-16-6 FS $325,000 Alii Kai At Hanalei #1202 1,086 #1202 2/2.00
SOLD 3/20/2012 for $305,000 (CASH) DOM 0
243691 CND S 321 4-5-4-12-5-11 FS $699,000 Pali Ke Kua #111A 717 #111A 1/1.00
SOLD 3/24/2012 for $639,000 (CASH) DOM 321
WITHDRAWN
246535 CND W 264 4-5-3-6-22-63 FS $799,000 Kaiulani Of Princeville #63 1,901 #63 2/2.01
PRICE CHANGES
243884 CND A 360 4-5-3-6-22-76 FS $670,000+ Kaiulani Of Princeville #76 1,738 #76 2/2.01
252627 CND A 27 4-5-4-5-18-2 FS $255,000- Puamana #1B 1,532 #1B 2/2.00
246908 CND A 236 4-5-4-5-18-76 FS $499,500- Puamana #21B 1,425 3/2.00
250482 CND A 111 4-5-4-6-1-2 FS $689,000- Villas Of Kamalii #2 1,766 #2 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 ©3/25/2012
New Listings:
Remodeled Puamana 10B is priced at $305K and was purchased for $357,250 in 3/04. Ocean, mountain and golf course view Hanalei Bay Villas 4 is new on the market priced at $699K since last selling for $845K in 7/08. This is not a short sale.
Back on the Market:
Emmalani Court 224 sold for $670K in 4/05. It was on the market at $369K when it went into escrow on 1/23, but like so many short sales, it has fallen out and is back on the market. Short sale Nihilani 21A went into escrow on 3/11 and is now back on the market. This Makani unit sold for $778,745 in 10/06.
Contingent:
Ali’i Kai 13B, priced at $289K went into escrow. This ground floor unit was purchased for $150K in 7/92.
Sales:
Ali’i Kai 1202 closed with a sale price of $305K slightly down from the list price of $325K. This unit last sold for $135K in 6/89. Bali Hai and Hanalei Bay View Pali Ke Kua 111 closed at $639K cash while listed for $699K. This was not a short sale despite a former purchase price of $950K in 10/05.
Withdrawn:
Ka’iulani 63 was withdrawn with a list price of $799K. This townhome started out priced at $839K 264 days ago. It sold for $810K in 9/09.
Price Changes:
Ka’iulani 76, which sold for $900,570 in 4/07 increased in price from $630K to $670K. Short sale Puamana 1B reduced from $265K to $255K. This unit sold for $405K in 4/05. Puamana 21B was purchased as a leasehold in 4/99 for $70K and converted to fee simple in 7/00 for $35,700. It was listed for $533K and reduced to $449,500. Villas of Kamali’i 2, which sold from the developer for $640K in 5/04, reduced slightly from $699K to $689K.
There was very little evidence of activity this week in the way of Princeville homes, as the only change is one home that went into escrow. However, there were quite a few showings this week so hopefully we’ll see some evidence of that in the near future. Here is the one home that found a buyer:
CONTINGENT SALES
240019 RES C 485 4-5-4-22-23 FS $799,000 4137 Nalani Ln 10,720 sqft 2,499 3/3.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©3/25/2012
So far we have fifty sales this month – do you think we’ll meed and exceed the seventy five which sold in March 2011? Stayed tuned to find out! iF you are thinking of buying or selling, email me to get the facts. While there are many great opportunities out there, it’s important to know if the property is a bank sale, short sale, a regular sale – along with so many other things, before you make an offer. As a seller, you need to know your competition and where the market is so you can price effectively. Don’t be left in the dust. When you need the facts, don’t hesitate – that’s why I’m here.
Aloha Elaine
This was taken pretty late in the day, with just a hint of the sun remaining.
My view driving home from the stable.
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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