Aloha,
It's been another great week here in Paradise with beautiful blue skies and nice strong trade winds. You probably get tired of hearing that but I must admit, I don't get tired of saying it. Some people think that because we are in Hawaii in the tropics, that our temperatures are in the 90's but that is not the case. We really do have close to perfect weather here with our summer temperatures staying comfortably in the 80's. And if you do get a muggy day or two when the trades die, just head for one of our many uncrowded beaches. Anyhow, you get the point....... On to your listing update.
Copyright 7/19/2008 by Hawaii Information Service
NEW LISTINGS
213153 T A 5 4-5-4-5-18-60 FS $459,000 Puamana #17A 1,312 #17A 2/2
213606 T A 4 4-5-4-5-39-198 FS $945,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
213416 T A 3 4-5-4-12-11-20 FS $1,875,000 Puu Poa #206 1,359 #206 2/2
BACK ON THE MARKET
210822 T A 15 4-5-4-5-13-28 FS $504,617 Kamahana #28 1,145 #28 2/2
210698 T A 143 4-5-4-5-24-25 FS $659,200 Nihilani At Princeville Resort #9A 1,406 #9A 2/2
210607 T A 69 4-5-4-5-24-6 FS $769,200 Nihilani At Princeville Resort #2C 1,972 #2C 3/3
210603 T A 69 4-5-4-5-24-102 FS $769,200 Nihilani At Princeville Resort #34C 1,972 #34C 3/3
210608 T A 130 4-5-4-5-24-99 FS $774,200 Nihilani At Princeville Resort #33C 1,972 #33C 3/3
210611 T A 82 4-5-4-5-24-33 FS $799,200 Nihilani At Princeville Resort #11C 1,972 #11C 3/3
CONTINGENT SALES
202868 T C 271 4-5-4-5-16-3 FS $649,000 Alii Kai At Hanalei #1103 1,085 #1103 2/2
SALES
204295 T S 165 4-5-4-12-3-4 FS $875,000 Hanalei Bay Villas #4 1,248 #4 2/2.5
SOLD 7/14/2008 for $845,000 (CNV) DOM 165
WITHDRAWN
211031 T W 73 4-5-4-5-18-87 FS $527,000 Puamana #24B 1,732 #24B 2/2
212089 T W 45 4-5-4-5-3-23 FS $599,700 Princeville Paniolo #210 1,058 #210 1/2
192590 T W 465 4-5-4-5-16-41 FS $899,000 Alii Kai At Hanalei #5201 1,086 #5201 2/2
PRICE CHANGES
196334 SH A 422 4-5-4-6-1-42 FS $250,000+ Villas Of Kamalii #42 1,825 #42 3/3
196328 SH A 422 4-5-4-6-1-42 FS $265,000+ Villas Of Kamalii #42 1,825 #42 3/3
211294 T A 60 4-5-4-5-18-34 FS $487,950- Puamana #9C 1,532 #9C 2/2
198438 T A 365 4-5-4-12-2-31 FS $540,000- Hale Moi #211 1,033 #211 1/2
208089 T A 142 4-5-4-5-24-43 FS $575,000- Nihilani At Princeville Resort #15A 1,406 #15A 2/2
213365 T A 14 4-5-4-5-24-80 FS $589,000- Nihilani At Princeville Resort #27B 1,567 #27B 3/2.5
209062 T A 116 4-5-4-5-24-51 FS $795,000- Nihilani At Princeville Resort #17C 1,874 #17C 3/2.5
207864 T A 141 4-5-4-11-3-32 FS $1,250,000- Hanalei Bay Resort #H26 1,324 #H26 2/2
208628 T A 128 4-5-4-12-11-55 FS $1,595,000- Puu Poa #413 1,777 #413 2/2
213416 T A 3 4-5-4-12-11-20 FS $1,875,000+ Puu Poa #206 1,359 #206 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.
First up for our new listings is Puamana 17A at $459K, which was purchased in 3/04 for $320K. This is the first time it has been listed since that sale. Also new on the market is Cliffs 9302, listed at $945K. This unit last sold for $205K in 9/99. Pu'u Po'a 206 is listed for $1.875M and last sold for $340K back in 6/99. (Don't you wish you'd bought a dozen back then?).
We have several developer's Nihilani units back on the market, units 9A, 2C, 34C, 33C and 11C. Also back on the market is Kamahana 28 which is a "must sell" according to the owner. I would say so, since it is listed at $504,617 (must be their lucky number) but was purchased for $599K in 4/06.
Ali'i Kai 1103 finally went into escrow after 271 days on the market. This unit was purchased for $289K in 4/02. Interestingly enough, the price went UP in 10/07 from $599K to $649K. Wonder what sale price will be.
One property closed this week and I'm happy to say it was my listing. Hanalei Bay Villa #4 closed at $845K and was purchased in 8/84 (yes, they were original owners) for $83K. Back then, that was a lot of money!
Several sellers threw in the towel this week: Puamana 24B was withdrawn from the market after on 73 days and Paniolo 210 was withdrawn after on 45 days. Ali'i Kai 5201 was also withdrawn but that is after 465 days with no offers. This unit started out at $898,900 and went up to $989,900 before coming back down to the current price of $899K. Since it was purchased in 8/05 for $875K they really don't have much to work with if they want to stay out of the negative.
As for price changes, we actually had some increases. The fractional Villas of Kamali'i unit 42 increased $20K across the board. When it was first listed, it said it was offered at a discount until July when they planned to have to fractional documents completed which is apparently what has occurred. All other price changes were on the declining side. Puamana 9C went from $497,950 to $487,950; Hale Moi 211 moved from $550K to $540K: Nihilani 15A went from $585K to $575K, Nihilani 27B went from $669K to $589K earning itself the "buy of the week" award (and putting this property in short sale territory) while 17C went from $849K to $795K. Hanalei Bay Resort H26 moved from $1.339M to $1.250M. Pu'u Po'a 413 decreased from $1.675M to $1.595M. Pu'u Po'a 206 shows as an increase but there were no figures in the listing history to indicate what the increase may have been.
Here is your Princeville home update:
Copyright 7/19/2008 by Hawaii Information Service
NEW LISTINGS
213625 RS A 1 4-5-4-20-31 FS $959,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
BACK ON THE MARKET
211932 RS A 29 4-5-3-11-25 FS $1,350,000 4083 Aloalii Dr 7,937 sqft 2,192 3/2.5
WITHDRAWN
212057 RS W 24 4-5-4-22-26 FS $685,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
209663 RS W 95 4-5-4-17-42 FS $839,000 4824 Victoria Loop 11,429 sqft 1,281 3/2
202850 RS W 266 4-5-4-20-31 FS $979,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
PRICE CHANGES
199159 RS A 377 4-5-3-12-33 FS $1,865,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.5
209601 RS A 106 4-5-4-23-55 FS $785,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
204270 RS A 224 4-5-4-20-25 FS $799,000- 5143 Iolani Pl 10,907 sqft 2,224 3/2
208122 RS A 142 4-5-4-7-19 FS $1,225,000+ 3928 Punahele Rd 9,999 sqft 1,694 3/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I'll be off Island for several days having my own fun but will have cell phone and laptop in hand. Please do continue to send any questions or inquiries my way but know that my response time may be limited to mornings or evenings when I am not traveling.
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!
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