Princeville House update for the week of Feb 17 to 23

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

Here's your Princeville House update for this week:

Copyright 2/24/2008 by Hawaii Information Service

NEW LISTINGS
207583 RS A 6 4-5-4-8-47 FS $3,275,000 5045 Kapiolani Lp 16,502 sqft 4,226 5/4.5

UNDER CONTRACT
204442 RS U 51 4-5-4-16-21 FS $1,239,000 4070 Kaa'humanu Pl 10,536 sqft 2,334 3/3

PRICE CHANGES
206607 RS A 791 4-5-4-19-19 FS $1,045,000- 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
205193 RS A 60 4-5-4-14-31 FS $1,695,000- 3885 Kamehameha Rd 12,127 sqft 2,372 4/3

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

The new listing at 5045 Kapiolani Loop is not all that new, having been previously listed from 3/07 to 1/08 at $3.475M at which time it was withdrawn from the market after 154 days. It was purchased in 3/06 for $2,813,500. (What is it that happens in the negotiations where you end up with these weird numbers?...)

4070 Kaahumanu went into escrow this past week listed at $1.239M after only 51 market days. This home was also previously listed from 5/06 to 4/07 at which time it was withdrawn. It started at $1.450M and ended at $1.199M during this listing period. It was also listed as a fractional from 11/07 to 1/08 but was withdrawn. This home was purchased in 5/05 for $1.150M.

5086 Napookala was reduced from $1.055M to $1.045M after 791 days on the market. (Yes, you read that right.) This home is owned by a real estate agent, and was previously listed starting in 12/05 for $1.595M dropping to $1.095M when it was temporarily withdrawn by the agent / owner and turned over to an agent in the same office. There have been several reductions recently, first from $1.095M to $1.075M, then on 2/1 to $1.065M, on 2/15 to $1.055M and most recently on 2/18 to $1.045M. The house was purchased in 5/03 for $648K.

And finally there is 3885 Kamehameha which shows a priced reduction from $1.795M to $1.695M after 60 days on the market, this time..... Yes, this house was listed previously from 10/05 to 3/06 for $2.275M dropping to $1.980M at which time it was withdrawn after 161 days on the market and relisted with another agent from 3/06 to 8/07, starting at $1.98M and coming off the market at $1.950M, although it did drop briefly to $1.790M for several months before heading back up. The purchase price on this home was $1,137,500 on 2/05.

And that's this weeks round up. If you ever have a question about a house or condo and need research, do not hesitate to call or email.

Until next time,

Aloha Elaine

Elaine's Photo

Elaine Schaefer (R, GRI, ABR)
Broker in Charge - Princeville Resort Office
Graduate, Realtor's Institute
Accredited Buyer's Representative
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

......you can have your own piece of paradise
ask me how!

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Elaine Schaefer

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