Aloha,
It's been yet another gorgeous week here in Paradise. We lost our trades for awhile but fortunately they're back keeping us cool. Along with the great weather there's been an increase in buyers out there looking. I've had more showings of my listings as well as showing properties to my clients. We even had three units go into escrow this week. Read on to your update for this past week:
Copyright 5/30/2009 by Hawaii Information Service
NEW LISTINGS
224335 T A 4 4-5-4-15-21-11 FS $299,000 Sandpiper Village I #111 1,042 #111 2/2
224493 T A 2 4-5-4-12-3-9 FS $955,000 Hanalei Bay Villas #9 1,244 #9 2/2.5
BACK ON THE MARKET
211499 SH A 368 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
211496 SH A 368 4-5-4-6-1-20 FS $250,000 Villas Of Kamalii #20 1,825 #20 3/3
196334 SH A 736 4-5-4-6-1-42 FS $250,000 Villas Of Kamalii #42 1,825 #42 3/3
211500 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211498 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211497 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
211495 SH A 368 4-5-4-6-1-20 FS $265,000 Villas Of Kamalii #20 1,825 #20 3/3
196328 SH A 736 4-5-4-6-1-42 FS $265,000 Villas Of Kamalii #42 1,825 #42 3/3
222635 T A 22 4-5-4-5-12-19 FS $498,000 Sealodge Ii #H1 556 #H1 1/1
CONTINGENT SALES
221227 T C 97 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
221018 T C 105 4-5-4-5-12-28 FS $615,000 Sealodge Ii #J1 754 #J-1 2/2
210693 T C 376 4-5-4-5-24-28 FS $650,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
SALES
217211 T S 164 4-5-4-5-39-39 FS $325,000 Cliffs At Princeville #2109 917 #2109 1/2
SOLD 5/29/2009 for $275,000 (CASH) DOM 164
WITHDRAWN
223999 T W 200 4-5-4-11-3-95 FS $569,000 Hanalei Bay Resort #P13 867 #1105/6 1/2
223273 T W 41 4-5-4-5-7-38 FS $997,000 Princeville Sealodge #D9 570 #D9 1/1
TEMPORARILY WITHDRAWN
209599 T T 350 4-5-4-15-21-31 FS $350,000 Sandpiper Village I #131 1,042 #131 2/2
PRICE CHANGES
221121 T A 107 4-5-4-5-3-3 FS $209,900- Princeville Paniolo #103 1,058 #103 1/2
207634 T A 464 4-5-4-5-39-16 FS $275,000- Cliffs At Princeville #1206 917 #1206 1/2
208801 T A 417 4-5-4-11-3-84 FS $339,000- Hanalei Bay Resort #N22 867 #N22 1/2
222635 T A 22 4-5-4-5-12-19 FS $498,000- Sealodge Ii #H1 556 #H1 1/1
214427 T A 299 4-5-4-5-17-23 FS $499,000- Alii Kai Ii Hanalei #10G 1,037 #10G 2/2
214768 T A 290 4-5-4-5-12-35 FS $625,000- Sealodge Ii #J8 743 #J8 2/2
218310 T A 131 4-5-4-12-5-9 FS $840,400- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
210693 T C 376 4-5-4-5-24-28 FS $650,000- Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
There are two new listings this week starting with Sandpiper 111 at $299K. This is the first time we've seen a Sandpiper drop down into the $200's. It was purchased in 2/03 for $215K. Also new this week is Hanalei Bay Villa 9, which sold very recently for $855K on 12/08. Even though the remarks describe how upgraded this unit is, it does not appear that it has been upgraded since it was purchased in December as evidenced by the fact that the current listing uses the exact same 10 photos that were used when the property sold previously. It is listed this time for a hefty $955K which is only a $100K increase from December.
The fractional shares of Villas of Kamali'i 20, which expired last week are back on the market along wtih Sealodge H1 which had been temporarily taken off the market. Kamali'i sold for $845K in 6/08 and Sealodge sold for $560K in 8/05.
Panilolo 202 is back in escrow after coming back on the market due to falling out of escrow on 5/20. Let's hope it stays in escrow this time. Sealodge J1 also went into escrow listed at $615K after 105 days on the market. This unit was previously listed from 6/08 to 1/09 starting at $729K and reducing to $615K on 12/24/08. It expired while listed at $615K but has obviously fared better this time listed at the same price. The Nihilani developer keeps plugging along selling their units with yet another one going into escrow this week. Unit 10A went into escrow listed at $650K and will undoubtedly close at the same price.
Cliffs 2109 closed this week at $275K with a list price of $325K which is a 15% price decrease. This unit sold for $183K in 11/02. The sale of this unit proves you can still make money in real estate if you do it the old fashioned way which was to hold on to it for more than 20 seconds!
Hanalei Bay Resort 1105/06, purchased for $495K in 12/07 and listed for $569K and Sealodge D9 listed for $997K were both withdrawn. Sandpiper 131, which sold for $110K in 4/01 was temporarily withdrawn listed at $350K.
Paniolo 103 is the first price change, going from $239,900 to $209,900. This unit was taken over by the bank on 1/09 but sold previously for $410K in 4/01. Cliffs 1206, purchased for $520K in 9/05 reduced from $310K to $275K. Hanalei Bay Resort N22 went from $349K to $339K and last sold in 1/06 for $469,900. Sealodge H1, purchased for $560K in 8/05 reduced from $509K to $498K. Ali'i Kai 10G, which sold for $129,500 in 6/89, made a very nice price reduction from $599K to $499K. Sealodge J8, which sold for $323K in 10/01, also made a healthy reduction from $728K to $625K. Pali Ke Kua 109 continues with it's $500 daily reduction and is at $839,400 as of the date of this update. Nihilani 10A, which went into escrow this week, came down from it's previously too high price of $765K to $650K as it went into escrow.
Here is your Princeville home update for this past week:
Copyright 5/30/2009 by Hawaii Information Service
NEW LISTINGS
224065 RS A 5 4-5-4-9-62 FS $849,000 5371 Honoiki Rd 16,710 sqft 1,410 3/3
224404 RS A 3 4-5-4-14-4 FS $1,115,000 3792 Keli'i Pl 10,481 sqft 2,523 3/2.5
224455 RS A 3 4-5-4-16-20 FS $1,400,000 4066 Kaahumanu Pl 11,857 sqft 3,424 3/3
WITHDRAWN
214181 RS W 293 4-5-4-24-12 FS $1,295,000 4246 Waileia Pl 11,741 sqft 3,006 4/3
PRICE CHANGES
223366 RS A 43 4-5-4-15-1 FS $511,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
210765 RS A 389 4-5-4-23-24 FS $685,000- 3807 Makani Kai Pl 10,386 sqft 1,535 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 mentioned seeing a green flash last week while watching the setting sun. Has anyone else been fortunate enough to see one? Not every night affords a green flash opportunity as there are here are often clouds along the horizon, as seen in the photos below of a sunset over the weekend.
Have a great week and don't forget to call or email if you want the facts before you buy or sell.
Aloha Elaine
Going....
Clouds on the horizon..
Close up of clouds on the horizon.
Going going
Gone! The end of another perfect day in Paradise.
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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