Princeville condo (and house) update for the week of June 7th to 13th

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

Welcome to another fabulous week in Paradise. The visitors have had nothing to complain about these past few weeks as Kauai has had the kind of weather that makes people envious when they hear you live here. Our tradewinds are back and blowing full force, cooling everyone and everything. I've been out showing property most of this week and have enjoyed great weather no matter what part of the Island I was showing. I've seen just about every Princeville home on the market so if you have any questions, I've got answers. On to your update:

Copyright 6/14/2009 by Hawaii Information Service

NEW LISTINGS
224638 T A 4 4-5-3-6-22-76 FS $1,200,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
224825 T A 3 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
224581 T A 3 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2

CONTINGENT SALES
221737 T C 96 4-5-4-12-8-21 FS $795,000 Pali Ke Kua Ii #228 1,135 #228 2/2

SALES
212736 T S 272 4-5-4-5-16-48 FS $945,500 Alii Kai At Hanalei #5304 1,085 #5304 2/2
SOLD 6/8/2009 for $850,000 (CASH) DOM 272

EXPIRED
209599 T X 350 4-5-4-15-21-31 FS $350,000 Sandpiper Village I #131 1,042 #131 2/2
194640 T X 708 4-5-4-12-9-27 FS $805,000 Pali Ke Kua Iii #237 1,135 #237 2/2

PRICE CHANGES
220078 T A 142 4-5-4-5-3-19 FS $239,000- Princeville Paniolo #204 1,058 #204 1/2
223363 T A 57 4-5-4-5-4-5 FS $270,000- Kaeo Kai Ph I #5A 1,503 #5A 2/2
222149 T A 94 4-5-4-5-18-1 FS $325,000- Puamana #1A 1,312 #1A 2/2
221962 T A 97 4-5-4-5-18-30 FS $399,900- Puamana #8C 1,532 #8C 2/2
218864 T A 186 4-5-4-5-23-11 FS $659,000- Plantation At Princeville #321 1,318 #321 3/3
218310 T A 146 4-5-4-12-5-9 FS $815,500- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
212982 T A 348 4-5-4-5-16-28 FS $875,000- Alii Kai At Hanalei #4104 1,086 #4104 2/2
216008 T A 261 4-5-4-12-11-47 FS $1,500,000+ Puu Poa #405 1,800 #405 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.

It's been a pretty quiet week when it comes to condos with just a few new ones and some minimal activity. The first new listing is a resale Ka'iulani listed for $1.2M. This is the first time on the market for this unit which was purchased for $900,500 on 4/07. Next up is Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 and listed for $359K. Cliffs 8306 is the last new listing, with a sale price of $699K and a purchase price of $430K in 11/03. This is also a leasehold unit.

Pali Ke Kua 228, listed for $795K and purchased as a leasehold unit in 5/93 for $165K went into escrow this week. It was converted to fee simple in 12/99 for $48,300. I'm happy to say this seller will probably have a good capital gain on this property. The seller of Ali'i Kai 5304 is also probably happy, having sold this unit for $850K this week. It was purchased for $135K in 1/87.

Both Sandpiper 131 and Pali Ke Kua 237 were withdrawn from the market. Sandpiper was listed for $350K and last sold for $110K in 4/10. Pali Ke Kua 237 was listed for $805K and last sold for $750K in 2/05.

We had several price reductions and one price increase this week. Paniolo 204 reduced from $259K to $239K and was purchased for $337,500 in 6/04. Ka'eo Kai 5A, a bank foreclosure, reduced from $299,900 to $270K. This condo last sold for $200K in 8/02. Puamana 1A get the reduction of the week award, going from $410K to $325K as a short sale. This unit last sold in 7/01 for $137K. Puamana 8C, purchased for $95K as a leasehold unit in 7/88 and converted to fee simple on 5/00 for $37,500 reduced from $416,900 to $399,800. Plantation 321 went from $699K to $659K and last sold for $435K in 7/05. Pali Ke Kua 109 continued to reduce by $500 a day and is now at $815,500. Ali'i Kai 4101, purchased for $950K in 8/05 reduced from $925K to $875K. Pu'u Po'a 405 is the only increase this week moving from $1.295K to $1.5M. This unit last sold for $430K in 1/00.

On to your Princeville home update:

Copyright 6/14/2009 by Hawaii Information Service

NEW LISTINGS
224881 RS A 2 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/3.5
224775 RS A 3 4-5-3-12-4 FS $1,995,000 4035 Aloalii Dr 9,415 sqft 3,407 3/3
224805 RS A 6 4-5-4-23-46 FS $599,000 3785 Moae Pl 6,894 sqft 1,199 2/2
224854 RS A 2 4-5-4-19-19 FS $814,800 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
224783 RS A 6 4-5-4-13-37 FS $1,875,000 3584 Kaweonui Rd 14,685 sqft 3,500 4/3.5

CONTINGENT SALES
222919 RS C 72 4-5-4-17-2 FS $717,500 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5

TEMPORARILY WITHDRAWN
220531 RS T 128 4-5-4-13-44 FS $949,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2

PRICE CHANGES
223822 RS A 41 4-5-4-13-6 FS $646,050- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
214254 RS A 319 4-5-4-18-20 FS $995,000- 4173 Kalani Pl 10,630 sqft 3,464 4/3.5

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

If you have any questions about buying or selling, please don't hesitate to call or email for the facts. That's why I'm here. Have a great week.

Aloha Elaine

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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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