Aloha,
It's been a pretty blustery, rainy week, for the most part with torrential downpours in Kapaa most of Friday. Today, Sunday, as I look out over the ocean, I can finally see the horizon which is not always the case. I often sit here and watch as one rainstorm after another comes in. I must add that, even on the worst of days, Kauai is still better than most any other place I can think of and it's certainly warmer. Don't like the weather here? Just sit still for 20 minutes and it's bound to change. Now on to your weekly update:
Copyright 3/6/2011 by Hawaii Information Service
NEW LISTINGS
243460 CND AT CPR A 2 4-5-4-15-21-28 FS $240,000 Sandpiper Village I #128 1,042 #128 2/2.00
242917 CND AT CPR A 4 4-5-4-5-30-6 FS $267,900 Princeville Mauna Kai #F6 1,280 #F6 2/2.00
243465 CND AT CPR A 145 4-5-4-5-24-14 FS $399,000 Nihilani At Princeville Resort #5B 1,406 #5B 2/2.00
242783 CND,MTF 2U,AT CPR A 1 4-5-3-6-22-55 FS $1,195,000 Kaiulani Of Princeville #55 18.00 ac 2,479 #55 3/3.00
CONTINGENT SALES
240004 CND DT CPR C 129 4-5-4-12-3-1 FS $383,400 Hanalei Bay Villas #1 1,244 #1 2/1.02
237851 CND AT CPR C 125 4-5-4-5-23-36 FS $399,500 Plantation At Princeville #922 1,318 #922 3/3.00
241801 CND AT CPR C 51 4-5-4-5-24-94 FS $449,000 Nihilani At Princeville Resort #32A 1,857 #32A 3/2.01
SALES
236265 CND AT CPR S 7 4-5-4-15-21-23 FS $250,000 Sandpiper Village I #123 1,042 #123 2/2.00
SOLD 3/3/2011 for $251,000 (CNV) DOM 7
233833 CND AT CPR S 18 4-5-4-5-18-53 FS $395,000 Puamana #15A 1,673 #15A 3/3.00
SOLD 3/4/2011 for $395,000 (CASH) DOM 18
EXPIRED
232647 CND AT CPR X 361 4-5-3-6-22-64 FS $798,000 Kaiulani Of Princeville #64 1,892 #64 2/2.01
240939 CND AT CPR X 87 4-5-4-5-39-7 FS $226,000 Cliffs At Princeville #1107 917 #1107 1/2.00
239133 CND AT CPR X 144 4-5-4-5-24-14 FS $399,999 Nihilani At Princeville Resort #5B 1,406 #5B 2/2.00
WITHDRAWN
237944 CND AT CPR W 184 4-5-4-6-1-19 FS $729,000 Villas Of Kamalii #19 1,815 #19 3/3.00
233614 CND AT CPR W 327 4-5-4-12-11-7 FS $1,195,000 Puu Poa #107 2,065 #107 2/2.00
236037 CND AT CPR W 252 4-5-4-12-11-10 FS $1,400,000 Puu Poa #110 2,065 #110 2/2.00
TEMPORARILY WITHDRAWN
243074 CND,MTF AT CPR T 7 4-5-3-6-22-2 FS $1,495,000 Kaiulani Of Princeville #2 18.00 ac 2,843 #2 3/3.01
PRICE CHANGES
232853 CND AT CPR A 360 4-5-4-15-21-8 FS $215,000- Sandpiper Village I #108 1,042 #108 2/2.00
238211 CND AT CPR A 145 4-5-4-5-39-55 FS $313,000- Cliffs At Princeville #2305 1,137 #2305 2/2.00
243465 CND AT CPR A 145 4-5-4-5-24-14 FS $399,000- Nihilani At Princeville Resort #5B 1,406 #5B 2/2.00
233081 CND AT CPR A 354 4-5-4-5-23-41 FS $439,000- Plantation At Princeville #1111 1,153 #1111 2/2.00
239599 CND DT CPR A 125 4-5-4-12-3-23 FS $449,000- Hanalei Bay Villas #23 1,244 #23 2/2.01
241206 CND AT CPR A 83 4-5-4-12-9-9 FS $449,000- Pali Ke Kua Iii #13 1,135 #13 2/2.00
232843 CND AT CPR A 361 4-5-4-12-11-14 FS $849,000- Puu Poa #114 2,065 #114 2/2.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Sandpiper 128 is a new bank owned listing priced at $240K. Selling for $490K in 6/05, this unit has been marketed extensively before being foreclosed on. It was listed from 6/07 to 10/07 starting at $590K and reducing to $535K, again from 6/08 to 11/08 during which time it went from $479K to $450K and again from 9/09 to 11/10 starting at $399K and reducing to $270K when it was withdrawn. This unit was also listed as a fractional interest as well as combined with the upstairs unit -228 - which, at that time, was owned by the same seller. (228 now has a new owner.) Mauna Kai F6 is now on the market as a bank owned property listed for $267,900 after being foreclosed on in 12/01. Purchased in 11/04 for $431,650, this unit was first listed from 11/06 to 1/07, starting at $655K and reducing to $635K when it was withdrawn and then as a short sale from 4/08 to 7/09 during which time it started out at $499K and went to $340Kwhen it was again withdrawn.
Short sale Nihilani 5B is now priced at $399K and shows as a new listing with 144 market days. It was previously listed from 10/10 to 3/11 and just expired this week- you'll also see it mentioned in the "expired" portion of this update. When a property expires and comes right back on the market, it carries the original market days with it. This unit sold in 12/06 for $710,405 from the developer. The developer's Ka'iulani 55 is the last new listing priced at $1.195M. It was previously listed from 12/06 to 8/07 for $1.7M.
Bank owned Hanalei Bay Villas unit 1 has finally found a buyer after going to $383,400 as a list price on 2/14. This unit sold for $700K in 6/05 and was foreclosed on in 4/10. Prior attempts to sell this unit, which included an auction in December, failed to find a buyer. Let's hope it stays in escrow so we can get this one off the market. Plantation 922 also found a buyer while listed for $399K as a short sale after selling for $566,815 in 7/07. Short sale Nihilani 32A is once again contingent. It first went contingent on 2/16, was temporarily withdrawn on 2/28, came back "active" on the market on 3/4 and went back contingent on 3/5. My guess is this has something to do with paperwork on the short sale, although I am not sure. This unit sold from the developer in 8/06 for $985K.
Short sale Sandpiper 123 sold for $251K while listed for $250K. This unit was last purchased in 8/04 for $359K. Puamana 15A, another short sale, sold for the list price of $395K. This unit last sold as a leasehold property in 7/97 for $90K and was then converted to fee simple in 6/00 for $38,675.
Ka'iulani 64 expired after 361 market days while listed at $798K. This unit sold in 3/08 for $861,070. Cliffs 1107 expired after only 87 days on the market while listed at $226K. This unit sold for $205K in 2/04. As mentioned under "new listings" Nihilani 5B expired then came right back onto the market.
Villas of Kamali'i 19 has been withdrawn from the market with a list price of $739K and 184 market days. This unit sold for $480K in 9/03. Pu'u Po'a 107 was purchased for $1,902,500 in 4/06 and was withdrawn from the market after 327 days listed for $1.195M. Another Pu'u Po'a, unit 110 also came off the market while listed for $1.4M. This Bali Hai view unit last sold for $1,637,500 in 7/05.
For some unknown reason, the developer's Ka'iulani 2, which went into escrow on 2/23 after only a few days on the market priced at $1.495M, was temporarily withdrawn.
Now on to our price changes: Sandpiper 108, a short sale purchased for $485K in 6/05, went from $220K to $215K this week. Cliffs 2305 continues with it minuscule reductions, this week going down $2500 from $315,500 to $313K. Nihilani 5B went from $499K to $399K when it came back on the market as a new listing. Plantation 1111 sold for $598,402 in 11/05 and reduced from $469K to $439K. It is not a short sale. Hanalei Bay Villas 28 reduced to $449K from $449K and last sold for $600K in 6/04. Pali Ke Kua 13 reduced from $459K to $449K and last sold for $116,500 in 3/96. Pu'u Po'a 114 was purchased for $1.4M in 3/05 and is now a short sale. This unit reduced from $899K to $849K which is a new low for Pu'u Po'a units. Now on to your Priceville home update
Copyright 3/6/2011 by Hawaii Information Service
CONTINGENT SALES
238970 RES DT FL C 164 4-5-4-21-3 FS $649,999 3706 Albert Rd 13,456 sqft 1,950 3/2.01
SALES
241090 RES DT FL S 27 4-5-4-23-47 FS $695,000 3783 Moae Pl 6,124 sqft 1,678 3/2.00
SOLD 3/4/2011 for $675,000 (CASH, CNV) DOM 27
PRICE CHANGES
237287 RES DT FL A 174 4-5-3-12-12 FS $1,195,000- 3985 Aloalii Dr 8,554 sqft 3,340 2/3.00
240515 RES DT FL A 104 4-5-4-23-8 FS $599,000- 4838 Ou Pl 8,104 sqft 1,213 3/1.01
235661 RES DT FL A 268 4-5-4-13-30 FS $2,910,000- 3559 Kaweonui Rd 11,372 sqft 1,946 #0 3/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Aloha Elaine
Look carefully - you can see the storm coming in.
Yep, more rain for now.
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Short Sale and Foreclosure Resource Certification
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/
......Making your real estate dreams
my business.........
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