Princeville Condo Update for January 6 to 12

Aloha,

I'm going to get right down to business this week so here it is: your update for this past week:

Copyright 1/13/2008 by Hawaii Information Service

NEW LISTINGS
205059 T A 3 4-5-3-11-1-3 FS $850,000 Villas On The Prince #3 1,737 #3 3/3
205685 T A 4 4-5-4-15-21-21 FS $459,000 Sandpiper Village I #121 1,042 #121 2/2
205596 T A 1 4-5-4-15-21-30 FS $535,000 Sandpiper Village I #130 1,042 #130 2/2
205798 T A 4 4-5-4-6-1-34 FS $920,000 Villas Of Kamalii #34 1,825 #34 3/3
205638 T A 2 4-5-4-11-3-13 FS $1,350,000 Hanalei Bay Resort #C15 1,705 #C15 3/3

BACK ON THE MARKET
181966 T A 527 4-5-4-15-21-50 FS $549,999 Sandpiper Village I #213 1,173 #213 3/2.5

CONTINGENT SALES
196331 SH C 234 4-5-4-6-1-42 FS $245,000 Villas Of Kamalii #42 1,825 #42 3/3

SALES
152057 T S 0 4-5-3-6-22-66 FS $895,000 Kaiulani Of Princeville #66 1,901 #66 2/2.5
SOLD 1/11/2008 for $896,720 (CNV) DOM 0

152067 T S 0 4-5-3-6-22-67 FS $895,000 Kaiulani Of Princeville #67 1,781 #67 2/2.5
SOLD 1/11/2008 for $895,000 (CNV) DOM 0

WITHDRAWN
194278 SH W 253 4-5-4-5-23-23 FS $165,000 Plantation At Princeville #621 1,318 #621 3/3
196532 T W 226 4-5-4-12-2-6 FS $515,000 Hale Moi #106 1,033 #106 2/2
196871 T W 202 4-5-4-12-8-20 FS $995,000 Pali Ke Kua Ii #227 993 #227 2/2

PRICE CHANGES
198765 T A 157 4-5-4-15-21-32 FS $434,000- Sandpiper Village I #132 1,042 #132 2/2
171233 T A 720 4-5-4-11-3-84 FS $488,000- Hanalei Bay Resort #N22 867 #1513 1/2
193495 T A 290 4-5-4-12-2-16 FS $525,000- Hale Moi #116 1,033 #116 1/2
186819 T A 427 4-5-4-6-1-20 FS $874,900- Villas Of Kamalii #20 1,825 #20 3/3
180178 T A 565 4-5-4-5-12-33 FS $925,000- Sealodge Ii #J6 754 #J6 2/2

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

We do have several new listings, starting with Villas on the Prince #3 which was last sold on 9/05 for $849K. This is followed by Sandpiper 121 which last sold on 1/05 for $510K putting this seller "upside down" from the "get-go." This unit was previously listed by another agent from 11/06 to 4/07 for $559K. You have to hand it to this seller for their willingness to come down closer to a more realistic price, although the last two bedrooms units in this complex sold for $379K (totally fixed up) and $340 (in need of a lot of help) and the last three bedroom sold for $450K on 12/07.

Moving right along, Sandpiper 130 is a new listing, having been purchased for 6/03 for $238K. Villas of Kamalii #34 was purchased on 12/04 for $670K and was previously listed briefly from 6/11 to 6/30 for $859K. Hanalei Bay Resort has been relisted after being previously listed for 357 days starting $1.590M and ending at $1.399M. It is now listed for $1.350M.

The only unit that went into escrow was Villas of Kamalii #42 that was a fractional share. This is a very nice townhouse style condominium that is beautifully decorated and offers great value as a fractional. Our two sales this week were once again Kai'ulani developer units.

As for the price changes: Sandpiper 132 was reduced from $484K to $434K, Hanalei Bay Resort N22 (which is owned, in part by the listing agent) was reduced from $499 to $488K, (this unit was purchased in 1/06 for $469,900) Hale Moi 116 went from $549K to $525K, Villas of Kamali'i dropped $25K from $899K to $874K and Sealodge J6 saw it's second reduction in 565 days on the market from $949K to $925K. This seller appears capable of further reductions since they purchased the unit back in 11/78 for $62K. These are the 5 highest sales in Sealodge since 2004 when the market took off. Although they are all 1 bedroom, some are in the J building. As you can see, no Sealodge has sold for more than $762K.

Copyright 1/13/2008 by Hawaii Information Service

174467 T S 87 4-5-4-5-12-27 FS $745,000 Sealodge Ii #H9 567 #H9 1/1
SOLD 7/14/2006 for $745,000 (CNV) DOM 87

164799 T S 130 4-5-4-5-7-25 FS $755,000 Princeville Sealodge #C5 566 #C5 1/1
SOLD 4/7/2006 for $750,000 (1031, CNV) DOM 130

159069 T S 30 4-5-4-5-12-30 FS $759,000 Sealodge Ii #J3 556 #J3 1/1
SOLD 10/3/2005 for $720,000 (CNV) DOM 30

180131 T S 52 4-5-4-5-12-24 FS $775,000 Sealodge Ii #H6 567 #H6 1/1
SOLD 12/14/2006 for $725,000 (CNV) DOM 52

192714 T S 28 4-5-4-5-12-29 FS $825,000 Sealodge Ii #J2 560 #J2 1/1
SOLD 5/8/2007 for $762,000 (CNV) DOM 28

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

Happy Condo Hunting. Please do call or email with any questions or comments.

Aloha, Elaine

Elaine Schaefer (R, GRI, ABR)
Broker in Charge - Princeville Resort Office
Graduate, Realtor's Institute
Accredited Buyer's Representative
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

......you can have your own piece of paradise
ask me how!