Aloha,
And Hau’oli Makahiki Hou once again! 2012 went out with a bang with a total of 884 sales for the year which is a 16% increase over 2011 with 761 sales. The month of December really picked up steam posting an 81% increase over Dec 2011 – with 89 sales compared to 49 in 2011.
Judging from the number of condos that went into escrow as well as the number of showings this past week, I’m looking forward to a very active and successful real estate market this year. Here is what took place this past week – no new listings or price reductions but a lot of good activity:
CONTINGENT SALES
244035 CND C 647 4-5-3-6-22-5 FS $1,295,000 Kaiulani #5 2,843 #5 3/3.01
256134 CND C 171 4-5-4-5-23-1 FS $365,000 Plantation 111 1,153 #111 2/2.00
257991 CND C 92 4-5-4-5-23-14 FS $389,000 Plantation 412 1,153 #412 2/2.00
SALES
259095 CND S 6 4-5-4-5-39-167 FS $395,000 Cliffs 7303 1,137 #7303 2/2.00
SOLD 12/27/2012 for $375,000 (CASH) DOM 6
EXPIRED
256787 CND X 128 4-5-3-6-22-74 FS $749,000 Kaiulani #74 1,892 #74 2/2.01
256305 CND X 158 4-5-4-5-39-191FS $495,000 Cliffs 9201 963 #9201 1/2.00
252005 CND X 333 4-5-4-11-3-15 FS $997,500 Hanalei Bay Resort 4204/5/6 1,705 3/3.00
WITHDRAWN
256358 CND W 164 4-5-4-15-21-57 FS $238,000 Sandpiper #220 1,173 #220 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.
Contingent:
Ka’iulani 5, which sold for $1,765,990 in 4/08, went into escrow after 644 market days. It is not a short sale and is priced at $1.295M. Plantation 111 which is a short sale that sold for $620K in 5/06, went into escrow while listed for $365K. Plantation 412 also found a buyer while listed for $389K after selling for $405K from the developer in 9/05.
Sales:
Top floor ocean view Cliffs 7303 closed for $375K cash while listed for $395K. This unit was previously purchased for $335K in 3/03.
Expired:
Ka’iulani 74 expired while priced at $749K. It sold from the developer in 4/07 for $898,250. Ocean view end unit Cliffs 9201 expired with a list price of $495K. It sold initially as a leasehold unit in 12/86 for $135K and was converted to fee simple in 11/91 for $22,500. Hanalei Bay Resort 4204/5/6 sold for $1.064 in 4/05 and expired while listed for $997,500.
Withdrawn:
Short sale Sandpiper 220, priced at $238K which has previously shown as being in escrow, has been withdrawn. It sold for $144K in 12/00. There were no price changes this week!
Now on to your Princeville Kauai home update for this past week:
NEW LISTINGS
259959 RES A 3 4-5-4-17-18 FS $895,000 4944 Emmalani Dr 10,500 sqft 2,100 3/2.01
259903 RES A 3 4-5-4-10-1 FS $1,495,000 4146 Liholiho Rd 9,966 sqft 3,884 4/4.01
BACK ON THE MARKET
241082 RES A 726 4-5-4-13-76 FS $1,295,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00
CONTINGENT SALES
244136 RES C 632 4-5-4-13-59 FS $759,000 3682 Keoniana Rd 10,247 sqft 1,676 3/2.00
257588 RES C 82 4-5-4-17-63 FS $897,000 4536 Emmalani Dr 10,563 sqft 2,766 4/3.01
SALES
259233 RES S 3 4-5-4-18-25 FS $683,500 4665 Emmalani Dr 9,000 sqft 1,898 3/2.00
SOLD 12/31/2012 for $670,000 (CASH) DOM 3
EXPIRED
250278 RES X 188 4-5-4-16-10 FS $699,000 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02
252778 RES X 286 4-5-4-24-4 FS $1,049,000 4194 Waileia Pl 9,632 sqft 3,480 4/2.02
253081 RES X 285 4-5-4-10-43 FS $1,295,000 5340 Honoiki Rd 10,181 sqft 2,257 4/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It looks like the market is getting off to a good start and everything I’ve read indicates that the general consensus is that we’re on the rebound. With interest rates still at historical lows, 2013 may be your last best opportunity to get into the Kauai market at these current affordable prices. I know if you’re a mainland reader, our pricing may seem anything but affordable, but if you experienced the previous seller’s market you’ll know exactly what I mean.
If you’re new to the Kauai market and would like a little history as to where pricing was in the years prior, please do not hesitate to send an email. It’s also evident in my weekly updates as you look at the price paid for a property in the past compared to the current list price. All I can say is, don’t miss out. If you need information on short sales, foreclosures or just want to know what the best buy is today, please let me know. That’s why I’m here- so you have the facts before buying or selling.
Aloha Elaine
The lovely hibiscus.
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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………
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