Aloha,
Happy Fourth of July! If you’re on Island you may want to take the opportunity to come down to the Pacific Missile Range Facility (PMRF) on July 3rd for music, fun, food, crafts and fireworks. This annual event is open to the public, with gates opening at 4 and ending at 11.
As for real estate, June 2012 Stats easily surpassed June 2011 with 80 total sales compared to 66 in 2011. As far as condos go, there were 28 sales in June 2011 compared to 35 this past month. All indicators are that the market is in recovery – perhaps a slow recovery but a recovery nevertheless. Here is your update for the week just past:
Copyright ©7/1/2012 by Hawaii Information Service
NEW LISTINGS
255606 CND A 4 4-5-4-12-5-33 FS $1,050,000 Pali Ke Kua #215C 1,127 #215C 2/2.00
BACK ON THE MARKET
251908 CND A 124 4-5-4-12-8-3 FS $349,000 Pali Ke Kua #3 993 #3 1/1.01
254707 CND A 44 4-5-4-5-23-66 FS $398,999 Plantation #1712 1,153 #1712 2/2.00
CONTINGENT SALES
255482 CND C 12 4-5-4-12-8-17 LH $624,950 Pali Ke Kua #126 1,148 #126 2/2.00
SALES
250122 CND S 134 4-5-4-5-39-43 FS $189,999 Cliffs #2203 917 #2203 1/2.00
SOLD 6/29/2012 for $189,999 (CNV) DOM 134
249586 CND S 26 4-5-4-5-17-49 FS $299,000 Alii Kai #14A 1,020 2/2.00
SOLD 6/26/2012 for $294,000 (CNV) DOM 26
249056 CND S 80 4-5-4-5-23-5 FS $399,000 Plantation #211 1,153 #211 2/2.00
SOLD 6/29/2012 for $350,000 (CASH) DOM 80
EXPIRED
241206 CND X 565 4-5-4-12-9-9 FS $439,000 Pali Ke Kua 13 1,135 #13 2/2.00
241116 CND X 569 4-5-4-5-39-198 FS $691,000 Cliffs #9302 1,137 #9-302 2/2.00
WITHDRAWN
250243 CND W 201 4-5-4-5-7-30 FS $489,000 Sealodge #D1 746 #D1 2/2.00
PRICE CHANGES
253361 CND A 66 4-5-3-6-22-8 FS $1,225,000- Kaiulani #8 2,864 #8 3/3.01
253131 CND A 93 4-5-4-5-4-5 FS $329,000- Mauna Kai #5A 1,503 #5A 2/2.00
251908 CND A 124 4-5-4-12-8-3 FS $349,000- Pali Ke Kua #3 993 #3 1/1.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©7/1/2012 by Hawaii Information Service
New Listings:
Hanalei Bay and Bali Hai view Pali Ke Kua 215 is new on the market listed at $1.050M after selling for $625K in 7/01. It is a successful vacation rental.
Back on the Market:
Pali Ke Kua 3 went into escrow on 6/23, and came back on the market this past week. It was purchased for $85K in 11/97, and reduced to $349K from $379K as it returned to the market. Plantation 1712 went into escrow on 6/21 and is also back on the market priced at $398,999. Despite selling for $515K in 2/08, this downstairs condo is not a short sale.
Contingent:
Leasehold Pali Ke Kua 126 went quickly into escrow while priced at $624,950. It last sold for $236,800 in 3/99.
Sales:
Bank owned Cliffs 2203 sold for the list price of $189,999. Purchased in 5/02 for $130K as a leasehold unit, this unit converted to fee simple in 4/04 for $66,150. It was foreclosed on in 10/11. Ali’i Kai 14A sold for $294K while listed for $299K. This downstairs condo was not a short sale even though it sold for $385K in 8/03. Short sale Plantation 211 sold for $350K cash while listed for $399K. It was purchased for $595K in 6/07.
Expired:
Pali Ke Kua 13 was listed for $439K. It sold for $121K in 8/96 and started out listed at $489K. Cliffs 9302 sold in 9/99 for $205K and was listed for $691K when it expired.
Withdrawn:
Sealodge D1, priced at $489K was withdrawn after 201 market days. This ocean view condo last sold for $325K in 10/02.
Price Changes:
Ka’iulani 8 sold for $1,939,420 from the developer in 3/08, and reduced from $1.389M to $1.225M. It is not a short sale. Mauna Kai 5A was priced at $349K when it reduced to $329K. It was purchased for $211,050 in 11/09. As noted under Back on the Market, Pali Ke Kua 3 reduced $30K to $349K.
Now on to the Princeville Home Update:
Copyright ©7/1/2012 by Hawaii Information Service
NEW LISTINGS
255517 RES A 4 4-5-4-19-14 FS $1,295,000 5101 Kuhina Pl 20,646 sqft 3,276 4/3.01
BACK ON THE MARKET
250278 RES A 150 4-5-4-16-10 FS $699,000 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02
CONTINGENT SALES
238236 RES C 675 4-5-3-11-38 FS $830,000 4104 Aloalii Dr 8,970 sqft 2,024 3/3.00
248271 RES C 299 4-5-4-21-6 FS $599,000 3730 Albert Rd 14,367 sqft 1,985 3/3.00
SALES
249279 RES S 178 4-5-4-8-45 FS $1,695,000 5063 Kapiolani Lp 22,745 sqft 3,636 3/3.01
SOLD 6/28/2012 for $1,300,000 (CNV) DOM 178
EXPIRED
246628 RES X 337 4-5-3-12-6 FS $1,599,000 4017 Aloalii Dr 8,665 sqft 2,842 3/2.01
246652 RES X 240 4-5-4-21-28 FS $1,275,000 4865 Akai Pl 16,048 sqft 3,528 4/3.01
PRICE CHANGES
250278 RES A 150 4-5-4-16-10 FS $699,000- 4089 Kaahumanu Pl 13,578 sqft 2,468 3/3.02
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Copyright ©7/1/2012 by Hawaii Information Service
I’m sure I sound like a broken record, but I’m going to say it again – this is a good time to buy. It’s also actually a good time to sell as there are many eager buyers looking for well priced properties, since many are still somewhat inflated. If you’re a seller with “realistic” pricing, you’ll pretty much be assured of a sale. I’ve seen some properties come on the market priced at less than what comparable units have sold for. It’s an interesting strategy because what usually ends up happenning is the home sells for over asking.
Have a wonderful Fourth of July, and don’t forget to come down to PMRF for fireworks and fun on July 3rd. It’s always a good time.
Aloha Elaine
A different kind of “paradise” – Island Lake at Moose Lake Minnesota
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: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
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