Aloha,
As we work our way through the first month of 2010, it seems that real estate activity in the way of showings has definitely increased. I've had several agents tell me that their "snowbirds" are here looking for a part time or permanent place to thaw out. Maybe all those cold temps elsewhere thoughout the mainland will work to our advantage. We'll just have to wait and see if units start going into escrow as a result. On to your update:
Copyright 1/17/2010 by Hawaii Information Service
NEW LISTINGS
231100 T A 3 4-5-4-5-16-50 FS $499,900 Alii Kai At Hanalei #6102 1,088 #6102 2/2
230817 T A 6 4-5-4-12-9-9 FS $589,000 Pali Ke Kua Iii #13 1,135 #13 2/2
BACK ON THE MARKET
204804 T A 584 4-5-4-5-39-33 FS $275,000 Cliffs At Princeville #2103 917 #2103 1/2
225622 T A 191 4-5-4-5-18-39 FS $365,000 Puamana #11B 1,673 #11B 3/3
215773 SH A 227 4-5-4-5-27-7 FS $459,000 Hale Honu #4A 866 #4A 2/1
CONTINGENT SALES
228973 T C 76 4-5-4-12-8-24 LH $399,000 Pali Ke Kua Ii #130 1,100 #130 2/2
213707 T C 1,015 4-5-4-5-16-41 FS $599,000 Alii Kai At Hanalei #5201 1,086 #5201 2/2
EXPIRED
213606 T X 549 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
WITHDRAWN
229384 T W 64 4-5-3-11-1-19 FS $844,000 Villas On The Prince #19 1,732 #19 3/3
TEMPORARILY WITHDRAWN
181966 T T 582 4-5-4-15-21-50 FS $399,999 Sandpiper Village I #213 1,173 #213 2/2.5
PRICE CHANGES
224335 T A 234 4-5-4-15-21-11 FS $260,000- Sandpiper Village I #111 1,042 #111 2/2
204804 T A 584 4-5-4-5-39-33 FS $275,000+ Cliffs At Princeville #2103 917 #2103 1/2
229139 T A 72 4-5-4-5-17-15 FS $299,000- Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
225622 T A 191 4-5-4-5-18-39 FS $365,000- Puamana #11B 1,673 #11B 3/3
227781 T A 113 4-5-4-5-16-9 FS $399,000- Alii Kai At Hanalei #2101 1,086 #2101 2/2
227263 T A 135 4-5-4-5-24-46 FS $399,000- Nihilani At Princeville Resort #16A 1,406 #16A 2/2
192528 T A 1,046 4-5-4-5-13-27 FS $419,000- Kamahana #27 1,732 #27 2/2
230507 T A 24 4-5-4-5-16-56 FS $426,800- Alii Kai At Hanalei #7201 886 #7201 2/2
228374 T A 100 4-5-4-5-23-55 FS $449,000- Plantation At Princeville #1421 1,318 #1421 3/3
215773 SH A 227 4-5-4-5-27-7 FS $459,000+ Hale Honu #4A 866 #4A 2/1
227495 T A 123 4-5-4-5-7-26 FS $545,000- Princeville Sealodge #C6 564 #C6 1/1
225391 T A 202 4-5-4-5-24-2 FS $559,000- Nihilani At Princeville Resort #1B 1,874 #1B 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.
Ali'i Kai 6102 joins several other ocean view bank REO Ali'i Kai units already on the market. This one last sold for $140K in 8/89 and is listed for $499,900. This unit was previously listed for 10/08 to 9/09 for a much higher $839K at which time it was not bank owned. Here are the other Ali'i Kai units currently on the market. You'll see there is quite a price spread:
Copyright 1/17/2010 by Hawaii Information Service
227781 T A 113 4-5-4-5-16-9 FS $399,000 Alii Kai At Hanalei #2101 1,086 #2101 2/2
230507 T A 24 4-5-4-5-16-56 FS $426,800 Alii Kai At Hanalei #7201 886 #7201 2/2
200564 T A 153 4-5-4-5-16-2 FS $498,000 Alii Kai At Hanalei #1102 1,086 #1102 2/2
225686 T A 188 4-5-4-5-16-57 FS $499,000 Alii Kai At Hanalei #7202 886 #7202 2/2
231100 T A 3 4-5-4-5-16-50 FS $499,900 Alii Kai At Hanalei #6102 1,088 #6102 2/2
210873 T A 566 4-5-4-5-16-52 FS $529,000 Alii Kai At Hanalei #7101 886 #7101 2/2
229489 T A 61 4-5-4-5-16-45 FS $530,900 Alii Kai At Hanalei #5301 1,086 #5301 2/2
228953 T A 27 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
229125 T A 72 4-5-4-5-16-33 FS $685,000 Alii Kai At Hanalei #4301 1,086 #4301 2/2
227937 T A 109 4-5-4-5-16-51 FS $725,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2
230300 T A 141 4-5-4-5-16-35 FS $750,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2
212982 T A 558 4-5-4-5-16-28 FS $875,000 Alii Kai At Hanalei #4104 1,086 #4104 2/2
226466 T A 144 4-5-4-5-16-36 FS $875,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2
210757 T A 621 4-5-4-5-16-26 FS $888,000 Alii Kai At Hanalei #4102 1,086 #4102 2/2
228874 T A 76 4-5-4-5-16-24 FS $940,000 Alii Kai At Hanalei #3204 1,085 #3204 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.
Pali Ke Kua 13, purchased for $121K in 8/96 is back on the market once again listed for $589K. It was listed from 3/08 to 11/09 starting at $699K and ending at the current price.
Several units are back on the market this week, starting with Cliffs 2103 which unfortunately fell out of escrow after going contingent on 11/3/09. The prior offer on this short sale was rejected by the bank while priced at $230K (not known what the offer price was) and is now listed at $275K, a bank approved list price. This unit sold in 12/98 for $50K as a leasehold and converted to fee simple in 6/03 for $63K. You'll also see it under the price change portion of this update.
Also coming back is Puamana 11B which expired listed at $375K. It is back on the market at $365K and is also under the price change portion of this report. This unit sold for $445,500 in 9/07.
Hale Honu 4A, purchased for $153K in 5/02 is back on the market after being withdrawn several months ago. This listing is somewhat odd as it's listed as a "SH" which indicates a fractional ownership but is priced at $459K up from $279K. (Also under the price change part of this report.) When reading the MLS remarks you'll find that you can buy the whole nine yards for $459K or 6 months for $279K. Regardless of whether you want 6 months or full time, the pricing is much higher than comparable units. Here are the other two Hale Honu's on the market:
Copyright 1/17/2010 by Hawaii Information Service
230827 T A 10 4-5-4-5-27-3 FS $234,900 Hale Honu #2A 866 #2A 2/1
230720 T A 13 4-5-4-5-27-18 FS $324,000 Hale Honu #9B 1,085 #9B 3/2
215773 SH A 227 4-5-4-5-27-7 FS $459,000 Hale Honu #4A 866 #4A 2/1
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 one, which is a bank REO, is priced to sell for even less than 6 months of 4A ownership while unit 9B is bigger and well priced by comparison. 4A certainly looks the nicest but for the price differences you can do a lot of fixing!
Pali Ke Kua 130, a leasehold unit purchased for $429K in 3/06 went into escrow listed for $399K after 75 days on the market this time. It has been listed several times before:
Copyright 1/17/2010 by Hawaii Information Service
151831 T W 183 4-5-4-12-8-24 LH $499,000 Pali Ke Kua Ii #130 1,165 #130 2/2
183658 T W 270 4-5-4-12-8-24 LH $649,000 Pali Ke Kua Ii #130 1,100 #130 2/1.5
214167 T X 427 4-5-4-12-8-24 LH $449,000 Pali Ke Kua Ii #130 1,100 #130 2/2
197847 T X 366 4-5-4-12-8-24 LH $575,000 Pali Ke Kua Ii #130 1,100 #130 2/1.5
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Also going into escrow is Ali'i Kai 5201, priced at $599K and purchased for $875K in 8/05. This short sale started out at $799K and was listed for 1,014 days before finding a buyer. Hopefully these two units will close smoothly and successfully.
Cliffs 9302, priced at $875K and purchased for $205K in 9/99 expired after 549 market days. It started out at $945K. Villas on the Prince 19 was withdrawn while priced at $844K. This unit sold for $520K in 6/02. Sandpiper 213 was temporarily withdrawn while priced at $399,999. This unit sold for $183K in 1/02 and started out on the market at $499K.
On to the price changes, many of which have already been addressed. Sandpiper 111 came down from $275K to $260K and last sold for $215K in 2/03 Cliffs 2103 was increased as discussed under "back on the market." Ali'i Kai 9G came down yet again from $310K to $299K. This unit sold for $151K in 12/99. Puamana 11B reduced as discussed under "back on the market." Ali'i Kai 2101, purchased for $451K in 11/04 reduced from $409K to $399K. The short sale Nihilani 16A, purchased from the developer in 5/06 for $603,600 went from $439K to $399K. Kamahana 27 went from $444K to $419K and last sold for $395K in 4/04. Ali'i Kai 7201 reduced from $438,800 to $426,800 and sold for $380K in 9/03. Plantation 1421, purchased for $536,066 in 2/06 reduced from $559K to $449K. Hale Hou 4A increased as discussed under "back on the market." Sealodge C6 went from $575K to $545K and sold for $190K in 11/99. Our final reduction is Nihilani short sale unit 1B which went from $639K to $559K and sold for $912,788 in 3/07.
Now on to your Princeville home update:
Copyright 1/17/2010 by Hawaii Information Service
BACK ON THE MARKET
220252 RS A 348 4-5-3-12-42 FS $995,000 4046 Aloalii Dr 8,041 sqft 1,603 2/2.5
EXPIRED
186555 RS X 1,120 4-5-4-4-38 FS $7,999,000 4971 Hanalei Plantation 1.25 ac 4,630 4/4.75
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 little cold here on Kauai, certainly not as cold as some places on the mainland but cool by Kauai standards nevertheless. I was at Costco the other day in the parking lot when I saw an example of just how cool it is. Check out the picture of the rooster warming his feathers. I just had to take a picture.
It looks like another good year for buying real estate. If interest rates stay low and inventory stays high, buyers will have a great 2010. Before buying or selling, please call or email for your personal update on your property of choice. Get the facts before you make a move.
Aloha Elaine
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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