Aloha,
We enjoyed another beautiful week in Paradise although they've been ripping out the sidewalks at the Cliffs Condos and pouring new ones which are ADA compliant. At the same time, they've finally reached my building to start the renovations of the timeshare units which, along with the heavy equipment used for tearing out the concrete makes for a noisy environment. See for yourself:
At the same time, a friend of mine - a very talented friend of mine - created a faux bamboo wall in my bathroom that turned out simply amazing. It makes me feel like I am on a tropical island! Yes, I know we are but sometimes it's easy to get involved with work and forget. You simply must see it:
If you've been to Otsuka's Funiture Store in Kapaa, you've seen the work of the "Picky Painter" who also did my bamboo. Too cool. I'm happy to pass along her contact info if faux painting is in your decorating plans. Now on to your update.
Copyright 9/19/2009 by Hawaii Information Service
NEW LISTINGS
227584 T A 1 4-5-4-15-21-28 FS $399,000 Sandpiper Village I #128 1,042 #128 2/2
227585 T A 3 4-5-4-15-21-65 FS $439,000 Sandpiper Village I #228 1,173 #228 2/2.5
227646 T A 1 4-5-4-5-13-2 FS $459,000 Kamahana #2 1,171 #2 2/2
227495 T A 3 4-5-4-5-7-26 FS $599,000 Princeville Sealodge #C6 564 #C6 1/1
CONTINGENT SALES
218646 T C 291 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
221307 T C 207 4-5-4-5-18-86 FS $335,000 Puamana #24A 1,312 #24A 2/2
SALES
221227 T S 90 4-5-4-5-3-17 FS $235,000 Princeville Paniolo #202 1,058 #202 1/2
SOLD 9/15/2009 for $223,000 (CNV) DOM 90
EXPIRED
225090 T X 19 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2
201428 T X 729 4-5-4-5-3-16 FS $425,000 Princeville Paniolo #116 1,058 #116 1/2
WITHDRAWN
176670 T W 1,067 4-5-4-5-16-57 FS $575,000 Alii Kai At Hanalei #7202 886 #7202 2/2
215563 SH W 199 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2
PRICE CHANGES
216277 T A 308 4-5-3-11-1-10 FS $925,000- Villas On The Prince #10 1,732 #10 3/3
226124 T A 54 4-5-4-5-3-3 FS $239,709- Princeville Paniolo #103 1,058 #103 1/2
225976 T A 63 4-5-4-12-2-15 FS $288,000- Hale Moi #115 1,033 #115 1/2
227584 T A 1 4-5-4-15-21-28 FS $399,000+ Sandpiper Village I #128 1,042 #128 2/2
227585 T A 3 4-5-4-15-21-65 FS $439,000+ Sandpiper Village I #228 1,173 #228 2/2.5
215869 T A 372 4-5-4-5-23-16 FS $449,900- Plantation At Princeville #422 1,318 #422 3/3
227646 T A 1 4-5-4-5-13-2 FS $459,000+ Kamahana #2 1,171 #2 2/2
225686 T A 72 4-5-4-5-16-57 FS $575,000- Alii Kai At Hanalei #7202 886 #7202 2/2
218777 T A 284 4-5-4-11-3-29 FS $799,000- Hanalei Bay Resort #H23 1,324 #5207-8 (H23) 2/2
222099 T A 185 4-5-4-6-1-4 FS $925,000- Villas Of Kamalii #4 1,766 #4 3/3
222345 T A 183 4-5-4-12-11-3 FS $1,179,000- Puu Poa #103 1,354 #103 2/2
176670 T W 1,067 4-5-4-5-16-57 FS $575,000- Alii Kai At Hanalei #7202 886 #7202 2/2
215563 SH W 199 4-5-4-5-18-76 FS $599,000+ Puamana #21B 1,700 #21B 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.
The first new listing, Sandpiper 128 is sporting a new price of $399K down considerably from the prior times it was listed, starting with 6/07 to 10/07 when it went from $590K to $535K and again from 6/08 to 11/08 when it was listed at $479K and reduced to $459K before being withdrawn. It was also listed as a fractional from 7/06 to 5/07 with a variety of pricing depending on the time period desired. The pricing ranged from $299K to $190K when it was withdrawn. It is now listed as a whole unit with the option for half ownership also available. Sandpiper 228, which is owned by the same person who has 128, is also back on the market listed for $439K. This unit was previously listed in conjunction with the unit below, unit 128 for a combined priced of $1.295M in 6/07, reducing to $1.195M when it was withdrawn in 10/07. During the same time period it was listed as a 50% fractional share for $390K. It was then listed by itself from 6/08 to 11/08, starting at $539K and reducing to $499K by the time it expired. Both units were purchased in 6/05: 128 for $490K and 228 for $535K during the height of the market. Also listed by the same seller is Kamahana 2, purchased in 11/94 for $136K. This unit is listed for $459K as whole ownership and is also listed under a separate MLS # as a 50% fractional share for $250K. Our final new listing is Sealodge C6, purchased in 11/99 for $190K and listed for $599K.
Happily, two units went into escrow this week starting with one of the developer's Ka'iulani units, #51 listed for $1.749M. Puamana 24A, listed for $335K and purchased for $605K in 12/05 also went into escrow as a short sale. Paniolo 202, purchased for $120K in 5/94 as a leasehold and converted to fee simple in 11/94 for $27K closed at $223K with a list price of $235K. Once again, I'm happy to report capital gains for the seller.
Puamana 14B, listed for $390K and purchased for $625K in 3/06 expired after only 19 days on the market. This unit was a foreclosure, although it does not show as bank owed on the tax record at this time. Paniolo 116, which sold for $455K in 6/05 also expired after 729 days on the market. This unit started out at $519K and very very slowly worked its way down to $455K.
Ali'i Kai 7202, listed for $575K and purchased for $115K in 1/88, was withdrawn from the market after reducing from $675K to $575K. You'll also see this unit mentioned in the price changes portion of the update. Puamana 21B, which last sold for $70K in 4/99 as a leasehold and converted to fee simple in 7/00 for $35,700 was also withdrawn from the market while listed at $599K. It too had a price change prior to being withdrawn although this was an upswing, going from $389K to $599K.
As for price changes: there's plenty of them this past week! Villas on the Prince 10 reduced from $985K to $925K. This unit sold for $474,320 in 2/02 from the developer. Paniolo 103, recently purchased for $184,900 on 7/09 continued with small (and I do mean small) price changes for the sole purpose of keeping it on the daily update. Most recently, it reduced from $239,750 to $239,709! Hale Moi 115 is trying to stay competative, reducing this week from $325K to $288K. This unit sold for $444,500 in 12/04. Sandpiper 128 changed the pricing from $195K to $399K when they decided to list it as a whole unit instead of a fractional. The same is true for Sandpiper 228 which went from $250K to $439K. Plantation 422, a bank REO, reduced yet again from $469,900 to $449,900. Kamahana 2, which is owned by the Sandpiper seller, also changed pricing as it went from a fractional price to a whole price - from $250K to $459K. All three of this seller's units are still listed as fractionals under different MLS numbers.
As mentioned under the withdrawn section of this report, Ali'i Kai 7202 reduced before being withdrawn. Hanalei Bay Resort 5207-8, purchased for $950K in 9/05 reduced from $829K to $799K. Villas of Kamali'i 4, which sold for $900K in 3/07, reduced from $945K to $925K. Pu'u Po'a 103 saw the price drop from $1.259K to $1.179K. This unit sold for $695K in 7/03. The best price in Pu'u Po'a, in case you haven't heard me say this before, is unit 404 listed at $1.095M. Yes, it is my listing (I'm happy to say) and it is a stunning unit with new Cherry Cabinets, Silestone countertops plus many more upgrades. Here's all that's available in Pu'u Po'a at this time:
Copyright 9/20/2009 by Hawaii Information Service
225541 T A 76 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
222345 T A 184 4-5-4-12-11-3 FS $1,179,000 Puu Poa #103 1,354 #103 2/2
202256 T A 680 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 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.
Don't miss out on a great opportunity as this unit will get snapped up by someone when you least expect it. Puamana 21B, as noted under the withdrawn portion of this report, increased from $389K to $599K before coming off the market.
As for Princeville homes, here is your update:
Copyright 9/20/2009 by Hawaii Information Service
NEW LISTINGS
227771 RS A 2 4-5-4-13-72 FS $1,125,000 3661 Albert Rd 10,466 sqft 2,655 3/3.5
BACK ON THE MARKET
220108 RS A 193 4-5-4-16-19 FS $689,000 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2
224862 RS A 82 4-5-4-13-63 FS $769,000 3737 Albert Rd 10,665 sqft 2,219 3/2
TEMPORARILY WITHDRAWN
220531 RS T 220 4-5-4-13-44 FS $799,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
PRICE CHANGES
220108 RS A 193 4-5-4-16-19 FS $689,000- 4064 Kaa'humanu Pl 12,058 sqft 2,274 3/2
224862 RS A 82 4-5-4-13-63 FS $769,000+ 3737 Albert Rd 10,665 sqft 2,219 3/2
220949 RS A 194 4-5-4-20-14 FS $1,250,000- 5118 Iolani Pl 19,012 sqft 3,918 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.
I apparently had the only new listing this week which is 3661 Albert Road. I have to say, this is a very well designed, well laid out, impeccibly maintained home built in 2006. The attention to detail is amazing, right down to bronzed jalousies and solar film on the windows. There's an extra storage room in the garage, which contains the 120 gal solar assisted water heater and a freezer for stocking up at Costco. Appliances in the laundry room, which is located just inside the house from the garage, consist of newer Maytag Nepture front load washer and dryer. The laundry room has a full bank of upper cabinets for all your storage needs as well as a laundry sink. Cooks will love the gourment kitchen with the large Island suitable for food prep, dish washing as well as funtioning as a breakfast bar. All the countertops, with the exception of the laundry room are granite slab. And did I mention the amazing tigerwood flooring throughout? You'll find this everywhere in the house except for the three master baths. These are just a few of the "extras" in this beautiful home. You should see the complete list of features in this house.
If you have any interest in 3661 Albert Road, please contact me or have your agent contact me to preview it for you. The sellers are motivated and welcome you or your agent to come check it out on your behalf. There's plenty of pictures on the MLS but I've also included a slideshow for your viewing pleasure. Click on the link for viewing: http://www.photoshow.com/watch/jp7zp8Az.
If you have any questions about what went on this week or about the market in general, please do not hesitate to call or email. Get the facts before you buy or sell.
Aloha Elaine
Sunset from the Kauai Beach Villa where we stayed after the Marathon.
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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