Aloha,
Happy St. Patrick’s day to you! It’s been a mixed bag this week when it comes to the weather with everything from bright warm sunshine the beginning of the week to huge raindrops and a cold front at the end. It’s beautiful today but only 61 degrees at the moment which is cold for those of us with ‘thin blood.” Standy by, however as low 80′s are forecast mid afternoon with more rain coming by day’s end.
Despite the changing weather, we had quite a bit of condo activity this week with 5 condos going into escrow, 3 of which are Ka’iulani units. We’ve had 39 sales so far this year, which is over halfway to last March’s total of 67 sales. Take a look at the activity this week:
NEW LISTINGS
261939 CND A 4 4-5-3-6-22-7 FS $1,549,000 Kaiulani #7 2,864 #7 3/3.01
262011 CND A 2 4-5-4-5-24-102 FS $569,000 Nihilani #34C 1,972 #34C 3/3.00
CONTINGENT SALES
261403 CND C 12 4-5-3-6-22-65 FS $759,000 Kaiulani #65 1,892 #65 2/2.01
261735 CND C 8 4-5-3-6-22-54 FS $1,099,000 Kaiulani #54 2,479 #54 3/3.00
253361 CND C 314 4-5-3-6-22-8 FS $1,225,000 Kaiulani #8 2,864 #8 3/3.01
257991 CND C 162 4-5-4-5-23-14 FS $389,000 Plantation 412 1,153 #412 2/2.00
253480 CND C 102 4-5-4-5-16-20 FS $675,000 Alii Kai #3104 1,085 #3104 2/2.00
SALES
257008 CND S 1 4-5-4-15-21-19 FS $199,000 Sandpiper #119 1,042 #119 2/2.00
SOLD 3/15/2013 for $212,000 (CASH) DOM 1
259662 CND S 58 4-5-4-12-9-9 FS $439,000 Pali Ke Kua 13 1,135 #13 2/2.00
SOLD 3/14/2013 for $425,000 (CASH) DOM 58
258936 CND S 42 4-5-4-5-24-9 FS $565,000 Nihilani #3C 1,874 #3C 3/2.01
SOLD 3/11/2013 for $525,000 (CNV) DOM 42
250482 CND S 373 4-5-4-6-1-2 FS $662,000 Villas Of Kamalii #2 1,766 #2 3/3.00
SOLD 3/15/2013 for $655,000 (CNV) DOM 373
PRICE CHANGES
255479 CND A 266 4-5-4-11-3-119 FS $495,000+ Hanalei Bay Resort #T33 867 #2305-6 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.
New Listings:
Another developer Ka’iulani came on the market; the market, unit 7 which is priced at $1.549M. This townhome has been as high as $1.950M when it was in the preconstruction phase in 06, and as low as $1.395M, when the market was still trending down, from 2/11 to 9/11. Nihilani 34C is new on the market after selling from the developer $650K in 5/09. It is priced at $569K.
Contingent:
Ka’iulani 65, a resale which sold for $855K in 3/08 and the developer’s Ka’iulani 54, both went into escrow this week. Unit 65 found a buyer in 7 days priced at $759K while unit 54 took only 3 days while priced at $1.099M. Ka’iulani 8, a resale which sold for $939,420 in 3/08, was withdrawn from the market on 3/4 but came back on today showing as in escrow.
Plantation 412 fell out of escrow last week and went right back in this week. This unit was purchased from the developer in 8/05 for $405K and is priced at $389K. Ocean view Ali’i Kai 3104 priced at $675K went into escrow after only 98 days. This ground floor condo sold for $170K in 6/95.
Sales:
Villas of Kamali’i 2 sold for $655K while listed for $662K. This townhome last sold for $640 in 5/04. Sandpiper 119 closed rather quickly for a short sale. It went into escrow on 1/30 and took only a month and a half which is great. This unit sold for $389K in 6/04 and was priced at a very attractive $199K when it came on the market. It sold for $212K cash. Pali Ke Kua 13 sold for $425K while priced at $439K. It was purchased for $116,500 in 3/96. Nihilani 3C, priced at $565K closed this week for $525K. This Makai townhome sold for $842,655 from the developer in 1/07.
Price Changes:
There is only one price change this week and it’s an increase from $425K to $495K for Hanalei Bay Resort 2305/06. Purchased in 6/03 for $379,367, this unit came on the market at $495K and previously reduced from $495K to $424K in 7/12.
Now on to your Princeville Kauai single family residence update:
NEW LISTINGS
261807 RES A 5 4-5-4-18-61 FS $845,000 4178 Kamalani Ln 11,567 sqft 2,322 4/2.01
BACK ON THE MARKET
44030 RES A 283 4-5-4-8-19 FS $755,000 5056 Kamamalu Loop 11,472 sqft 1,907 3/2.00
TEMPORARILY WITHDRAWN
253755 RES T 282 4-5-4-13-11 FS $845,000 3665 Kaweonui Rd 14,166 sqft 1,966 4/3.00
PRICE CHANGES
259959 RES A 73 4-5-4-17-18 FS $879,000- 4944 Emmalani Dr 10,500 sqft 2,100 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.
As you can see, it was a busy week for condos but not so much for homes. As of today, there are only 29 active homes, and of those, only 1 is priced in the $500K’s and 1 in the $600K’s. There are 5 in the $700K’s, and 4 each in the $800K’s and $900K’s. It’s all uphill from there. As for condos, we have 51 active listings, with only 1 priced in the $200K’s. There are 7 condos in the $300K’s, 9 priced in the $400K’s and it goes up from there.
As I keep saying, pricing seems to have leveled off at a minimum and is trending upwards in most cases. Overall, we’re seeing fewer price reductions, especially in condos. If you are hoping to find your piece of paradise, there’s still time but you have to be ready to buy when your feet hit the ground. If you have questions about these or any other Kauai properties, please don’t hesitate to ask. That’s why I’m here, so you get the facts before buying or selling. By the way, in the time it took me to finish up this blog, the weather went from bright and sunny to an absolute downpour. Gotta love it!
Aloha Elaine
It was a beautiful sunny and breezy afternoon at the Cliffs yesterday.
The water was choppy and turbulant.
..and we had the most fabulous colors at sunset!
Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
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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