Aloha,
We're at 53 sales so far for March compared to 60 for Mar 2010. Do you think we'll surpass last year? Lot's of activity this past week. Take a look:
Copyright 3/27/2011 by Hawaii Information Service
NEW LISTINGS
243895 CND AT CPR A 4 4-5-4-15-21-15 FS $245,900 Sandpiper Village I #115 1,042 #115 2/2.00
243993 CND AT CPR A 1 4-5-4-5-13-2 FS $255,000 Kamahana #2 1,127 #2 2/2.00
243922 CND DT CPR A 4 4-5-4-12-3-2 FS $375,000 Hanalei Bay Villas #2 1,244 #2 2/1.01
243691 CND AT CPR A 4 4-5-4-12-5-11 FS $699,000 Pali Ke Kua Incr I, ii, iii #111A 717 #111A 1/1.00
BACK ON THE MARKET
241100 CND AT CPR A 99 4-5-4-5-16-52 FS $339,900 Alii Kai At Hanalei #7101 886 #7101 2/2.00
CONTINGENT SALES
234973 CND AT CPR C 185 4-5-4-5-23-62 FS $399,900 Plantation At Princeville #1612 1,153 #1612 2/2.00
238771 CND AT CPR C 194 4-5-4-5-23-12 FS $449,500 Plantation At Princeville #322 1,318 #322 3/3.00
225762 CND AT CPR C 620 4-5-4-5-39-169 FS $450,000 Cliffs At Princeville #7305 1,137 #7305 2/2.00
240850 CND AT CPR C 111 4-5-4-11-3-45 FS $798,000 Hanalei Bay Resort #K25 1,324 #6221-2 (K25) 2/2.00
SALES
229652 CND AT CPR S 152 4-5-3-6-22-18 FS $1,487,500 Kaiulani Of Princeville #18 2,864 #18 3/3.01
SOLD 3/21/2011 for $1,375,000 (CASH, CNV) DOM 152
WITHDRAWN
234084 CND AT CPR W 7 4-5-3-6-22-5 FS $1,575,000 Kaiulani Of Princeville #5 2,843 #5 3/3.01
240871 CND AT CPR W 106 4-5-4-15-21-55 FS $299,000 Sandpiper Village I #218 1,173 #218 2/2.01
242677 CND AT CPR W 42 4-5-4-5-13-13 FS $419,000 Kamahana #13 1,635 #13 3/2.00
PRICE CHANGES
242917 CND AT CPR A 25 4-5-4-5-30-6 FS $254,900- Princeville Mauna Kai #F6 1,280 #F6 2/2.00
229667 CND AT CPR A 445 4-5-4-5-3-18 FS $260,000- Princeville Paniolo #203 1,058 #203 1/2.00
238211 CND AT CPR A 166 4-5-4-5-39-55 FS $305,500- Cliffs At Princeville #2305 1,137 #2305 2/2.00
241100 CND AT CPR A 99 4-5-4-5-16-52 FS $339,900- Alii Kai At Hanalei #7101 886 #7101 2/2.00
241678 CND AT CPR A 84 4-5-4-5-24-80 FS $339,900- Nihilani At Princeville Resort #27B 1,567 #27B 3/2.01
238695 CND AT CPR A 194 4-5-4-12-10-21 FS $459,000- Emmalani Court #324 1,192 #324 2/2.00
237064 CND AT CPR A 244 4-5-4-5-16-40 FS $499,000- Alii Kai At Hanalei #5104 1,085 #5104 2/2.00
226466 CND AT CPR A 9 4-5-4-5-16-36 FS $525,000- Alii Kai At Hanalei #4304 1,086 #4304 2/2.00
238771 CND AT CPR C 194 4-5-4-5-23-12 FS $449,500- Plantation At Princeville #322 1,318 #322 3/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Sandpiper 115 is new on the market with a list price of $245,900 after selling for $214,900 in 3/10. This unit sold as a FNMA foreclosure in 3/10 for $214,900 cash. Kamahana 2 is a new FNMA (Fannie Mae) foreclosure priced at $255K. This unit sold for $136K in 11/94 and was apparently refinanced since then as the bank took it over on 2/11. The owner had it listed from 9/9 to 1/11 starting at $459K and reducing to $254K by the time it was withdrawn. Hanalei Bay Villas 2 is a FNMA foreclosure with an unbelievable price of $375K. This free standing townhouse style condo sold for $875K in 3/07 and was foreclosed on in 2/11. It was previously listed from 2/09 to 8/09 starting at $865K and increasing to $899K when it expired. Pali Ke Kua 111 is listed for $699K after selling in 10/05 for $950K. Surprisingly, this vacation rental is not a short sale.
Ali'i Kai 7101 is back on the market at a new price of $339,900, down from $359,900 which was the price when it expired. It sold on 4/07 for $625K and became another FNMA foreclosure in 9/10.
Plantation 162 went into escrow after 183 market days while priced at $399,900. This unit sold for $525K in 5/09 and is not a short sale. Plantation 322 also went into escrow with a list price of $449,500 having sold for $700K in 7/07. This too is apparently going to be a tax write off as it is not a short sale. Top floor ocean view Cliffs 7305 finally found a buyer after reducing to $450K in 1/10. This unit was purchased for $242K in 8/00 and started out at $665K 610 days ago. Hanalei Bay Resort 6221-22 went into escrow after 107 market days priced at $798K. It sold for $350K in 9/00 and was previously listed from 4/10 to 10/10 during which time it started at $949K and went to $899K.
Ka'iulani 18 sold for $1.375M cash while listed for $1,487,500. This unit sold from the developer for $1,972,350 in 10/07 and started out at $2.250M when it came on the market in 11/09. This townhouse offered breathtaking valley and ocean views and will undoubtedly affect the pricing on the other units without such wonderful views.
Maybe that's why Ka'iulani 5 was withdrawn from the market with a list price of $1.575M after first coming on the market in 11/09 at $2.25M. Although it only shows 7 market days, if you read last week's update, you'll recall that this unit, along with several others, had the market days reset when they changed list agents. Sandpiper 218 was withdrawn while listed for $299K. This unit sold for $115K in 4/00. As I reported in last week's update, Kamahana 13 came on as new listing while it was still listed with the original agent. This week, this listing was withdrawn while priced at $419K.
Mauna Kai F6, a bank foreclosure, sold for $431,650 in 11/04, was foreclosed on in 2/10 and reduced this week from $267,900 to $254,900. Paniolo 203, which sold for $445K in 7/05, reduced from $285K to $260K as a short sale. Cliffs 2305 made its weekly reduction going from $308K to $305,500. Ali'i Kai 7101 sold for $625K in 4/07, was foreclosed on by the bank in 9/10 and reduced this week from $359,900 to $339,900. Nihilani 27B, another FNMA foreclosure, went from $354K to $339,900 after selling from the developer for $628,180 in 10/06. Emmalani Court 324 reduced from $469K to $459K and was purchased for $696K in 8/05. Ali'i Kai 5104 started at $599K and went to $499K, having sold for $835K in 6/05. This is a short sale. Ali'i Kai 4304 is another short sale, having sold for $541,500 in 2/04. This unit first came on the market in 8/09 at $940K and made a huge reduction this week from $725K to $525K. Plantation 322 was sold for $700K in 7/07 and went from $547,500 to $449,500.
Now on to your Princeville home update:
Copyright 3/27/2011 by Hawaii Information Service
NEW LISTINGS
243818 RES DT FL A 6 4-5-3-12-33 FS $1,495,000 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01
243970 RES DT FL C 231 4-5-4-16-66 FS $999,000 4451 Emmalani Dr 14,275 sqft 3,624 #0 5/3.00
CONTINGENT SALES
243970 RES DT FL C 231 4-5-4-16-66 FS $999,000 4451 Emmalani Dr 14,275 sqft 3,624 #0 5/3.00
SALES
240845 RES DT FL S 33 4-5-4-22-4 FS $444,900 4087 Nalani Ln 11,244 sqft 1,424 3/2.00
SOLD 3/23/2011 for $410,000 (CASH) DOM 33
237805 RES DT FL S 31 4-5-4-16-77 FS $654,524 4117 Kekaulike Ln 10,650 sqft 2,878 3/2.01
SOLD 3/21/2011 for $654,524 (CNV) DOM 31
236829 RES DT FL S 168 4-5-4-21-11 FS $725,000 3856 Kaweonui Rd 10,796 sqft 2,442 #0 3/2.01
SOLD 3/24/2011 for $675,000 (CASH) DOM 168
WITHDRAWN
243505 RES AT FL W 12 4-5-4-24-5 FS $859,000 4200 Waileia Pl 9,639 sqft 1,928 3/2.01
236344 RES DT FL W 229 4-5-4-16-66 FS $1,195,000 4451 Emmalani Dr 14,275 sqft 3,624 #0 5/3.00
PRICE CHANGES
243818 RES DT FL A 6 4-5-3-12-33 FS $1,495,000- 3998 Aloalii Dr 9,823 sqft 3,800 4/4.01
224096 RES AT FL A 664 4-5-4-8-22 FS $575,000- 5066 Kamamalu Lp 11,580 sqft 1,446 3/2.00
243376 RES DT FL A 20 4-5-4-8-23 FS $829,000- 5070 Kamamalu Loop 11,067 sqft 1,755 3/3.01
241768 RES DT FL A 81 4-5-4-16-26 FS $880,000- 4979 Emmalani Dr 10,895 sqft 2,381 3/2.01
243970 RES DT FL C 231 4-5-4-16-66 FS $999,000- 4451 Emmalani Dr 14,275 sqft 3,624 #0 5/3.00
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I'm seeing some very attractive and affordable properties on the market. Of particular interest are the FNMA foreclosures that are offered under the HomePath mortgage program. This program, which is initially geared for owner/occupants, offers loans for as little as 3% down, with no appraisal or mortgage insurance. These properties typically only accept owner/occupant offers for the first 15 days. Once that time has passed, they are available to second home / investor buyers at very attractive terms. For example, the Nihilani 27B unit can be purchased with only 10% down as an investor - something which is virtually unheard of for investors in today's financial climate. For more information, please go to www.HomePath.com and click on HomePath financing. Please do call or email for more information on this or any other property. That's why I'm here - to help you make your real estate dreams of buying or selling come true.
Aloha Elaine
View across the golf course to Bali Hai.
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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