Aloha,
Hope you are all enjoying a fun filled Memorial Day weekend. Since the Hanalei Beaches were just voted #1 in the US by Dr. Beach, I decided it would be a good place to work on my tan. Fortunately the weather is cooperating with bright blue skies and plenty of sun. I was even treated to the Green Flash tonight when the sun went down. You don't always get to see this phenomenon... as there's often a small line of clouds on the horizon line that prevent you from seeing the sun as it disappears into the ocean. That's when you see the flash .... just as the sun slips into the water. There's plenty of controversy and information as to what causes a green flash. I'm not all that interested in the scientific reason but I am delighted each time I am privileged to witness one. Check it out the next time you're here.
Here is your update for this past week:
Copyright 5/23/2009 by Hawaii Information Service
NEW LISTINGS
224267 T A 2 4-5-4-12-9-19 FS $765,000 Pali Ke Kua Iii #141 1,148 #141 2/2
BACK ON THE MARKET
221227 T A 90 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
208801 T A 410 4-5-4-11-3-84 FS $349,000 Hanalei Bay Resort #N22 867 #N22 1/2
CONTINGENT SALES
209062 T C 424 4-5-4-5-24-51 FS $695,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.5
222524 T C 59 4-5-4-12-11-53 FS $1,500,000 Puu Poa #411 1,777 #411 2/2
SALES
222630 T S 7 4-5-4-12-10-20 FS $330,000 Emmalani Court #323 952 #323 1/2
SOLD 5/22/2009 for $330,000 (CNV) DOM 7
EXPIRED
211499 SH X 363 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211496 SH X 363 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211500 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211498 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211497 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211495 SH X 363 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
218092 T X 180 4-5-4-5-3-15 FS $650,000 Princeville Paniolo #115 1,058 #115 1/2
WITHDRAWN
214373 T W 290 4-5-4-5-23-58 FS $575,000 Plantation At Princeville #1512 1,153 #1512 2/2
210693 T W 375 4-5-4-5-24-28 FS $765,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
PRICE CHANGES
223402 T A 33 4-5-3-11-1-30 FS $719,500- Villas On The Prince #30 1,732 #30 3/3
223363 T A 35 4-5-4-5-4-5 FS $299,900- Kaeo Kai Ph I #5A 1,503 #5A 2/2
208801 T A 410 4-5-4-11-3-84 FS $349,000- Hanalei Bay Resort #N22 867 #N22 1/2
208900 T A 419 4-5-4-5-4-12 FS $497,000- Ka'eo Kai Ph I #2B 2,100 #2B 3/3
222926 T A 45 4-5-4-5-24-66 FS $569,000- Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5
218310 T A 124 4-5-4-12-5-9 FS $843,900- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Pali Ke Kua 141 is the only new listing this week. This unit was purchased in 4/99 for $205K and has been completely renovated within the past year. Instead of the usual white kitchen cabinets with formica countertops, this unit has richly stained maple cabinets with granite slab countertops, stainless steel appliances, new bathrooms with travertine vanity tops, travertine floors and completely new showers / tubs. Bamboo floors make for easy care plus you have a nice ocean view from throughout the unit as well as the master suite. You've probably guessed by now that this unit, priced at $765K is my new listing!
Two units are back on the market: Paniolo 202, listed for $235K unfortunately fell out of escrow and is back on the market. This unit sold for $120K in 5/94 as a leasehold then converted for fee simple in 11/94 for $27K. Hanalei Bay Resort N22, purchased in 1/06 for $469,900 is back on active status after being withdrawn on 5/6/09. It cames back on the market reduced from $398,500 to $349K as you'll see under the price changes portion of this update.
Two properties went into escrow: Nihilani 17C, listed for $695K and purchased in 8/06 for $822,870 and Puu Poa 411, listed at $1.5M and purchased in 6/97 for $320K. Nice to see some activlity in the market. Emmalani Court 323, purchased for $275K in 4/93 barely earned the seller any gain as it closed for $330K this past week. Unbelievable.
All six fractional shares of Villas of Kamali'i 20, purchased for $845K in 6/08 expired while listed from $250K to $265K. Paniolo 115, listed at $650K also expired. This unit sold for $550K in 6/06. If you're wondering why this unit is so much more money than the other Paniolo's it's because it is one of the few free standing cottages in the complex.
Plantation 1512, purchased for $520,402 and listed for $575K was withdrawn after 290 days on the market. I guess they didn't want to reduce down to the point of a capital loss. One of the developer's Nihilani unit's, 10A, listed at $765K was also withdrawn.
Of course, we have our price changes this week, starting with Villas on the Prince 30. Purchased for $565K in 3/04, this unit reduced from $729,500 to 719,500. Ka E'o Kai 5A, which sold for $200K in 8/02 reduced from $319,900 to $299,900. Hanalei Bay Resort N22, which was also listed under back on the market, reduced from $398,500 to $349K. Ka E'o Kai 2B, had a nice $100K drop from $597K to $497K. They definitely get the price drop award this week. This unit sold for $240K in 4/01. Nihilani 22C, a resale which reduced from $599K to $569K originally sold in 11/06 for $848,950. As usual our last unit is Pali Ke Kua 109 which is still reducing by $500 a day, now listed at $843,900.
Here is your Princeville house outdate:
Copyright 5/23/2009 by Hawaii Information Service
NEW LISTINGS
224336 RS A 1 4-5-4-23-38 FS $575,000 3812 Iluna Pl 6,895 sqft 1,310 3/2
224321 RS A 2 4-5-4-18-50 FS $1,350,000 4571 Emmalani Dr 10,645 sqft 3,680 3/3.5
CONTINGENT SALES
220820 RS C 95 4-5-4-13-40 FS $995,000 3618 Keoniana Rd 12,013 sqft 3,081 4/3.5
WITHDRAWN
222312 RS W 62 4-5-3-11-32 FS $1,450,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.5
PRICE CHANGES
223364 RS A 36 4-5-4-20-31 FS $849,500+ 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
221587 SH A 85 4-5-4-9-49 FS $1,275,000- 5289 Pokii Ln 20,868 sqft 3,510 4/4
212538 RS A 341 4-5-4-17-9 FS $2,198,000- 4881 Emmalani Dr 10,852 sqft 3,510 3/4
221684 RS A 85 4-5-4-9-49 FS $2,495,000- 5289 Pokii Ln 20,868 sqft 3,510 4/4
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Enjoy your holiday weekend and watch for the green flash! Don't forget to call or email before you buy or sell.
Aloha Elaine
"Bics" relaxing after a ride.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
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
blog: http://blogs.alohaliving.com/princeville-condo-sales/
......you can have your own piece of paradise
ask me how!
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