Princeville Kauai condo (and house) update for the week of Nov 15th to 21st

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

Aloha,

It's been another quiet week with minimal activity which is normal for this time of the year as everyone gears up for Thanksgiving. Here is your update for this past week:

Copyright 11/21/2009 by Hawaii Information Service

NEW LISTINGS
229452 T A 4 4-5-3-11-1-30 FS $599,000 Villas On The Prince #30 1,732 #30 3/3
229521 T A 2 4-5-4-15-21-15 FS $249,900 Sandpiper Village I #115 1,042 #115 2/2
229489 T A 4 4-5-4-5-16-45 FS $558,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
229454 T A 4 4-5-4-5-24-76 FS $589,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

CONTINGENT SALES
226086 SH C 911 4-5-4-6-1-42 FS $199,000 Villas Of Kamalii #42 1,825 #42 3/3

WITHDRAWN
223402 T W 210 4-5-3-11-1-30 FS $679,000 Villas On The Prince #30 1,732 #30 3/3
224825 T W 160 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
214607 T W 464 4-5-4-12-9-9 FS $589,000 Pali Ke Kua #13 1,135 #13 2/2
228464 T W 33 4-5-4-5-24-76 FS $639,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

PRICE CHANGES
227584 T A 64 4-5-4-15-21-28 FS $325,000- Sandpiper Village I #128 1,042 #128 2/2
227585 T A 66 4-5-4-15-21-65 FS $380,000- Sandpiper Village I #228 1,173 #228 2/2.5
220368 T A 297 4-5-4-5-39-42 FS $385,000- Cliffs At Princeville #2202 917 #2202 1/2
227646 T A 64 4-5-4-5-13-2 FS $390,000- Kamahana #2 1,171 #2 2/2
229379 T A 8 4-5-4-5-24-80 FS $399,000- Nihilani At Princeville Resort #27B 1,567 #27B 2/2.5
227872 T A 54 4-5-4-5-24-16 FS $459,000- Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
204622 T A 700 4-5-4-12-8-28 FS $499,000- Pali Ke Kua Ii #232 993 #232 2/2
227495 T A 66 4-5-4-5-7-26 FS $575,000- Princeville Sealodge #C6 564 #C6 1/1
229381 T A 8 4-5-4-5-24-94 FS $599,000- Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5
222351 T A 241 4-5-4-5-39-138 FS $675,000- Cliffs At Princeville #5308 1,186 #5308 2/2
226466 T A 87 4-5-4-5-16-36 FS $875,000- Alii Kai At Hanalei #4304 1,086 #4304 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.

Villas on the Prince 30, now a short sale listed at $599K and purchased for $565K in 3/04 has been on the market with various agents numerous times over the past several years. It was first listed from 5/06 to 10/06 starting $1.149M and reducing to $965K before being withdrawn with 158 market days. It came back on the market in 1/07 to 10/07 starting at $935K and ending at $849K before it was again withdrawn after 266 market days. It came right back on in 10/07 at $935K and was again withdrawn in 5/08 after 188 market days with a final price tag of $799K. It was immediately relisted in 5/08 for $779K and later withdrawn in 9/08 while listed for $779K. The sellers relisted in 10/08 until 4/09 during which time the unit was priced at a high of $795K and a low of $750K. It expired with 185 market days. It came back on yet again in 4/09 at $750K and was withdrawn in 11/09 which is why you'll see it listed under the "withdrawn" portion of this update.

Sandpiper 115, listed at $249,900 was previously listed from 7/07 to 9/09 for 338 days at $429K with no price reductions. It last sold for $180K in 12/01 and is now a bank REO. Ali'i Kai 5301, purchased for $977K in 4/07 is now listed as a bank REO for a very attractive $558K. This unit has numerous upgrades such as tile floor in the kitchen, dining area and hallway, wood laminate in the living area, new kitchen cabinets and granite countertops. However, as happens in many REO's the kitchen stove, refrigerator, washer and dryer were removed. Nevertheless, this unit has commanding views up and down the coast and shouldn't last long at this price. Nihilani 26A is new this week after being withdrawn after 33 market days listed initially at $675K and reducing to $639K which is why this unit is also in the "withdrawn" portion of this update. It is now listed at $589K and was purchased for $805K in 12/06.

A fractional share of Villas of Kamali'i 42 listed for $199K went into escrow after 911 days on the market. This unit sold in 4/07 for $805K.

As noted under New Listings, both Villas on the Prince 30 and Nihilani 26A were withdrawn and immediately relisted. Pali Ke Kua 1, a beautifully remodeled leasehold unit priced at $359K fell out of escrow and was withdrawn after 160 days on the market. This unit last sold for $379K in 4/06. Pali Ke Kua 13, purchased for $121K in 8/96 was also withdrawn listed at $589K with 464 market days.

As for price reductions: Sandpiper 128, purchased for $490K in 6/05 reduced this week from $379K to $325K. Sandpiper 228, purchased for $535K in 6/05 reduced from $399K to $380K. Kamahana 2 which last sold for $136K in 11/94 reduced from $439K to $399K. These three properties are all owned by the same seller. Cliffs 2202, purchased as leasehold in 5/88 for $107K and converted to fee simple in 11/91 for $20,500 reduced from $445K to $385K. Nihilani 27B reduced from $449K to $399K and sold from the developer for $682,180 10/06. Nihlani 6A, purchased for $770,080 in 2/07 reduced from $499K to $459K. Pali Ke Kua 232, a short sale purchased for $650K in 9/04 went from $599K $499K. Sealodge C6 reduced from $599K to $575K and last sold for $190K in 11/99. Nihilani 32A was purchased for $985K in 3/06 and reduced from $649K in $599K. Cliffs 5308, purchased in 2/04 for $465,185 reduced from $750K to $675K. Ali'i Kai 4303, purchased for $541,500 in 2/04 reduced from $899K to $875K. Now on to your Princeville house update:

Copyright 11/21/2009 by Hawaii Information Service

NEW LISTINGS
229317 RS A 5 4-5-3-11-32 FS $1,400,000 4066 Aloalii Dr 13,511 sqft 2,784 3/2.5
229431 RS A 3 4-5-4-9-23 FS $630,000 5215 Poki'i Ln 11,157 sqft 1,432 3/2
229419 RS A 5 4-5-4-23-55 FS $659,000 3781 Milimakani Pl 7,187 sqft 1,295 3/2
229479 RS A 3 4-5-4-20-31 FS $699,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
229568 RS A 2 4-5-4-6-13 FS $719,000 4144 Lei O Papa Rd 10,890 sqft 1,542 2/2

CONTINGENT SALES
219545 RS C 323 4-5-4-22-26 FS $545,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
227438 RS C 71 4-5-4-19-17 FS $997,755 5104 Napo'okala Cir 15,139 sqft 3,848 4/3.5

EXPIRED
224854 RS X 156 4-5-4-19-19 FS $698,800 5086 Napo'okala Cir 15,326 sqft 2,206 3/3

WITHDRAWN
223364 RS W 214 4-5-4-20-31 FS $799,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3

PRICE CHANGES
226491 RS A 108 4-5-4-23-38 FS $523,000- 3812 Iluna Pl 6,895 sqft 1,310 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.

It's hard to believe it's almost Christmas and that decorations and trees are already in the stores. If you decide it's time to list or buy your Kauai paradise, don't forget to call or email for your personal market update. Wishing each and every one of you a Thanksgiving filled with family, good food and lots of love.

Aloha Elaine

on its only little motu
Aerial view of Bora Bora Lagoons Resort

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!

Comments (2)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is useful  information for consumers looking to buy or sell in your area.

Nov 21, 2009 10:07 PM
Elaine Schaefer
Sold on Kauai Realty - Princeville, HI
R, CRS, GRI, ABR, SFR

Thanks Gita. I learn a lot from compiling all the info!

Nov 24, 2009 10:54 AM