Princeville Kauai condo (and house) + short sale update for the week of Aug 18th to Aug 24th

Aloha,

We had no new listings this week in condos or houses and saw three condos and two houses go into escrow leaving us with 63 condos and 36 houses on the market, 4 of which are on Hanalei Plantation Road. When inventory decreases pricing will go up as demand grows. Let’s keep the sales coming. Here is your update for the week just past:

CONTINGENT SALES

254198 CND C 481 4-5-3-6-22-53 FS $1,249,000 Kaiulani #53 2,443 #53 3/3.01
263005 CND C 124 4-5-3-6-22-20 FS $2,200,000 Kaiulani #20 2,864 #20 3/3.01
255428 CND C 9 4-5-4-5-3-18 FS $229,000 Paniolo #203 1,058 #203 1/2.00

SALES

258927 CND S 3 4-5-4-5-18-9 FS $249,000 Puamana #3A 1,532 #3A 2/2.00
SOLD 8/24/2013 for $230,000 (CASH) DOM 3

UNDER CONTRACT

262210 CND U 137 4-5-3-6-22-49 FS $1,195,000 Kaiulani #49 2,479 #49 3/3.00

TEMPORARILY WITHDRAWN

246904 CND T 367 4-5-4-5-27-17 FS $413,000 Hale Honu #9A 1,085 #9A 3/1.01
246908 CND T 363 4-5-4-5-18-76 FS $499,500 Puamana #21B 1,425 3/2.00

PRICE CHANGES

261240 CND A 169 4-5-3-11-1-19 FS $749,000- Villas On The Prince #19 1,732 #19 3/3.00
262592 CND A 140 4-5-4-5-12-19 FS $349,000- Sealodge #H1 556 #H1 1/1.00

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

Contingent:

The developer’s Ka’iulani 53, priced at $1.249M has been on the market 480 days and finally went into escrow! Ka’iulani 20 also went into escrow priced at $2.2M. This townhome sold for $1,985,180 in 11/07. Short sale Paniolo 203 took only 6 days to find a buyer while priced at $229K. This upstairs unit last sold for $445K in 7/05.

Sales:

Short sale Puamana 3A finally closed at a price that made it worth waiting for, which is $230K while listed for $249K. This unit sold previously for $640K in 7/06.

Under Contract:

The developer’s Ka’iulani 49 moved to under contract with a list price of $1.195M. We should see it closing shortly.

Temporarily Withdrawn:

Two condos owned by the same person were withdrawn: Hale Honu 9A priced at $413K and Puamana 21B which was listed for $499,500 both came off the market after more than a year. The Hale Honu last sold for $180K in 6/02 while the Puamana unit sold as a leasehold in 4/99 for $70K and converted to fee simple for $35,700 in 7/00.

Price Changes:

Villas on the Prince 19 reduced from $775K to $749K after being purchased for $520K in 6/02. Sealodge H-1 is now $349K, a change from the previous price of $369K. It last sold for $270K in 12/10.

Now on to your Princeville home update:

CONTINGENT SALES

264557 RES C 66 4-5-3-12-17 FS $1,629,000 3963 Aloalii Dr 9,316 sqft 3,247 2/2.01
265259 RES C 38 4-5-4-23-66 FS $699,999 3783 Makani O Kalani Pl 8,319 sqft 1,709 3/2.00

SALES

264400 RES S 7 4-5-4-16-38 FS $849,000 4118 Kekaulike Ln 10,500 sqft 2,531 3/4.00
SOLD 8/22/2013 for $815,000 (CNV) DOM 7

260901 RES S 186 4-5-4-24-4 FS $999,000 4194 Waileia Pl 9,632 sqft 3,480 4/2.02
SOLD 8/23/2013 for $925,000 (CASH) DOM 186

261469 RES S 70 4-5-4-7-11 FS $1,150,000 3916 Namakeha Lp 10,066 sqft 2,628 3/3.01
SOLD 8/19/2013 for $1,060,000 (CASH) DOM 70

TEMPORARILY WITHDRAWN

257178 RES T 341 4-5-4-9-47 FS $1,249,000 5275 Poki’i Ln 13,893 sqft 2,652 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.

It’s nice to see so much activity this past week. We are just 3 sales shy of the 73 sold last Aug. With 39 listings Island wide currently under contract and another 202 showing as in escrow, it’s not a matter of “if” we’ll surpass that number – but rather -by how much. We have a week to go so stay tuned. Please let me know if you have questions on these or any other properties. Get the facts before you buy or sell.

Aloha Elaine

Hihimanu reflection – take by my hubby.

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………