Aloha,
We’re experiencing our own form of winter weather this past week, with “chilling” temps in the 60′s along with gusty downpours. Our North Shore beaches were closed for a few days (not sure if they are closed today or not) due to the high surf, although the high surf warning remains in effect. I love to see the whitewater from my condo.
Even more fun is seeing the whales, which have been somewhat sparse so far this year. My first sighting was Friday where it appeared there were two whales having a tail slapping contest. They both slammed their tails or “flukes” into the water several times before diving. What a sight.
As for real estate, it’s remained steady with plenty of buyers out looking with a few taking the leap to home ownership. Take a look at what went on this past week:
NEW LISTINGS
260318 CND A 2 4-5-3-6-22-3 FS $1,350,000 Kaiulani 3 2,843 #3 3/3.01
260250 CND A 5 4-5-4-5-18-94 FS $339,000 Puamana #26A 1,214 #26A 2/2.00
SALES
232853 CND S 746 4-5-4-15-21-8 FS $180,000 Sandpiper 108 1,042 #108 2/2.00
SOLD 1/15/2013 for $180,000 (CASH) DOM 746
257864 CND S 80 4-5-4-5-18-41 FS $375,000 Puamana #12A 1,532 #12A 2/2.00
SOLD 1/18/2013 for $371,000 (CASH) DOM 80
UNDER CONTRACT
259801 CND U 0 4-5-3-6-22-50 FS $1,099,000 Kaiulani 50 2,443 #50 3/3.01
WITHDRAWN
246460 CND W 149 4-5-4-5-18-31 FS $295,000 Puamana #8D 1,298 #8D,8 2/2.00
PRICE CHANGES
254197 CND A 264 4-5-3-6-22-55 FS $1,099,000+ Kaiulani 55 2,479 #55 3/3.00
254198 CND A 264 4-5-3-6-22-53 FS $1,199,000+ Kaiulani 53 2,443 #53 3/3.01
257549 CND A 126 4-5-4-5-23-31 FS $569,000- Plantation 821 1,366 #821 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.
New Listings:
The developer’s Ka’iulani unit 3 is back on the market at a new low price of $1.350M. Listed off and on since 12/06, this unit has been priced as high as $1.995M. Puamana 26A is new on the market priced at $339K. This single level end unit was purchased in 1/04 for $325K.
Sales:
Short sale Sandpiper 108 finally closed at the list price of $180K cash. This unit went into escrow in 6/12 and was purchased for $485Kin 6/05. I’ve already had one call asking if there were more Sandpiper units priced at $180K. The short quick answer in NO. Please note that this unit was on the market over 700 days. It started at $245K back in 2010 and slowly worked it way down as it went in and out of escrow several times. It finally reduced to $180K in 6/12 and went into escrow shortly thereafter.
One story Puamana 12A sold for $371K cash while listed for $375K. The unit was initially listed for $400K and finally found a buyer when it reduced to $375K in 12/12. The prior sale was for $287,500 in 12/01.
Under Contract:
Ka’iulani 50, which went into escrow on 1/8, moved to under contract. This unit is priced at $1.099M.
Withdrawn:
Puamana 8D, priced at $295K was withdrawn after 149 market days. This townhome was purchased for $80K as a leasehold property in 8/87 and converted for fee simple in 10/00 for $35,700.
Price Changes:
Two of the developer’s Ka’iulani units increased in price. Unit 55 went from $$998K to $1.099M and unit 53 went from $1.099M to $1.199M. Plantation 821, which was purchased for $600K in 4/08, reduced from $575K to $569K.
Now on to your Princeville Kauai home update:
NEW LISTINGS
260154 RES A 1 4-5-3-12-36 FS $1,389,000 4020 Aloalii Dr 9,161 sqft 2,702 3/3.00
BACK ON THE MARKET
253755 RES A 231 4-5-4-13-11 FS $845,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
CONTINGENT SALES
258937 LND, MTF, RES C 57 4-5-4-6-14 FS $554,900 4140 Lei O Papa Rd 18,861 sqft 1,634 2/3.00
259959 RES C 17 4-5-4-17-18 FS $895,000 4944 Emmalani Dr 10,500 sqft 2,100 3/2.01
PRICE CHANGES
253755 RES A 231 4-5-4-13-11 FS $845,000+ 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
257178 RES A 128 4-5-4-9-47 FS $1,249,000- 5275 Poki’i Ln 13,893 sqft 2,652 3/3.00
258015 RES A 101 4-5-4-13-30 FS $2,199,000+ 3559 Kaweonui Rd 11,372 sqft 1,946 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.
As you can see, there were two that went into escrow and three price reductions, along with one new listing. If we keep having price reductions we’re bound to have more sales.
If you’ve been waiting for the market to hit bottom, well, you missed it. It’s already heading (and heating) back up. Opportunities are still there but you have to be quick on your feet and ready to move when the right property appears. Questions or concerns? That’s why I’m here – to help you make the best buying or selling decision possible. Don’t miss out on this great market!
Aloha Elaine
Elaine Schaefer (R)
CRS, GRI, ABR, SFR
Broker in Charge – Princeville Resort Office
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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