Princeville Kauai condo (and house) + short sale update for the week of Dec 18th to Dec 24th

Aloha,

And Mele Kalikimaka to you. I hope you are enjoying a wonderful holiday filled with lots of love, friends and family. Since it’s Christmas, I’m going to get right to the update:

NEW LISTINGS
248842 CND A 4 4-5-4-6-1-36 FS $570,000 Villas Of Kamalii #36 1,825 #36 3/3.00
250690 CND A 3 4-5-4-5-52-3 FS $3,425,000 Orchid Point #C 2,386 #C 7/7.02

WITHDRAWN
245604 CND W 213 4-5-4-5-3-7 FS $134,900 Princeville Paniolo #107 1,058 #107 1/2.00
249236 CND W 49 4-5-4-5-30-2 FS $348,000 Princeville Mauna Kai #F2 1,280 #F2 2/2.00
241849 CND W 306 4-5-4-5-39-178 FS $599,000 Cliffs At Princeville #8204 1,864 #8204 4/3.01

PRICE CHANGES
227553 CND A 803 4-5-3-6-22-59 FS $799,000- Kaiulani Of Princeville #59 1,892 #59 2/2.01
245756 CND A 201 4-5-4-5-24-37 FS $499,000- Nihilani At Princeville Resort #13A 1,874 #13A 3/2.01
248930 CND A 85 4-5-4-6-1-33 FS $525,000- Villas Of Kamalii #33 1,825 #33 3/3.00
250290 CND A 30 4-5-4-6-1-25 FS $550,000- Villas Of Kamalii #25 1,825 #25 3/3.00
245727 CND A 206 4-5-4-12-11-36 FS $975,000- Puu Poa #308 1,726 #308 2/2.00
245604 CND W 213 4-5-4-5-3-7 FS $134,900- Princeville Paniolo #107 1,058 #107 1/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/25/2011

New Listings:
Villas of Kamali’i 36 is a new listing priced at a very attractive $570K. This unit sold for $799K in 5/07 and is not a short sale. The Orchid Point condo complex on Kamehameha Road (next to Sealodge) is back on the market with a price of $3.425M for the entire oceanfront complex which consists of one 3 bed / 3 bath unit and 2 – 2 bed / 2.5 bath units. The two smaller units have been individually priced at $969K for “A” and $932K for the “B” and have been on the market for 125 days. They were previously priced at $1.495M for “A” and $1.525M for “B.” The 13,068 sqft lot where the complex was built sold for $425K in 6/00.

Withdrawn:
Mauna Kai F2 was withdrawn from the market after only 49 market days. Purchased in 1/04 for $322,500, this unit was priced only slightly higher at $348K. Bank owned Cliffs 8304, one of the few 4 bedroom units in the complex, has been withdrawn after 306 days on the market. Will this then go to auction? What does a bank do with a property they can’t sell after 300 days? Wait and see. Bank owned Paniolo 107 reduced from $139,900 to $134,900 after selling for $475K in 9/05 and being taken over by the bank on 7/11. It was withdrawn from the market a couple of days later.

Price Changes:
Ka’iulani 59 which is one of the developer’s units, reduced from $845K to $799K. Nihilani 13A, the Makani townhouse model which sold for $680,485 in 3/06, is surprisingly not a short sale even though it reduced from $520K to $499K. Short sale Villas of Kamali’i 33 that last sold for $649K in 7/04, reduced from $575K to $525K. Villas of Kamali’i 25 also made a reduction from $599K to $550K. It was purchased in 3/05 for $625K and is not a short sale. Pu’u Po’a 308 made a pretty dramatic price reduction, going from $1.350M to $975K. Looks like this seller is definitely ready to sell, after purchasing the unit for $360K in 6/03. As noted under “withdrawns,” Paniolo 107 reduced to $134,900 from $139,900 before being withdrawn. Now on to your Princeville home update:

BACK ON THE MARKET
238795 RES A 461 4-5-3-12-30 FS $995,000 3982 Aloalii Dr 8,072 sqft 2,229 3/3.00
248967 RES A 80 4-5-4-23-35 FS $599,900 3793 Moae Pl 6,386 sqft 1,651 3/2.00
241082 RES A 368 4-5-4-13-76 FS $1,295,000 3650 Albert Rd 11,573 sqft 2,481 3/2.00

CONTINGENT SALES
247911 RES C 101 4-5-4-21-21 FS $598,000 4919 Akai Pl 9,868 sqft 1,952 3/2.01
249282 RES C 69 4-5-4-8-42 FS $1,695,000 5073 Kapiolani Lp 23,160 sqft 3,693 3/3.01

PRICE CHANGES
241082 RES A 368 4-5-4-13-76 FS $1,295,000- 3650 Albert Rd 11,573 sqft 2,481 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©12/25/2011

As you can see, there’s not much to report in the way of houses although I’m happy to say that one of Santa’s elves brought me a real estate “gift” this past week in the way of a buyer for my listing on Akai Place. Thank you Santa.

If you’d like to give a real estate gift, please do not hesistate to email with your questions. That’s why I’m here, to give you the facts before you buy or sell. May you have the most wonderful Christmas ever!

Aloha Elaine

Hanalei Bay Pier

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………