Aloha,
It was another glorious week and from the looks of it, buyers are slowing down a bit, especially when it comes to houses. As of today, Sunday there are 352 homes on the market Island wide and 251 available condos. Interestingly enough, 113 homes and 76 condos are currently under contract which is a pretty good number. Since 3/15/13 a total of 253 homes (42 a month) and 200 condos (33 monthly) have sold. If things stay as they have been, the existing residential inventory will be sold within 8.3 months while condos will only take 7.6 months. Stay tuned to see how things turn out — here is your update for this past week:
NEW LISTINGS
266680 CND A 5 4-5-4-5-13-8 FS $399,000 Kamahana #8 1,059 #8 2/2.00
266573 CND A 5 4-5-4-5-39-98 FS $459,000 Cliffs #4204 917 #4204 1/2.00
266622 CND A 1 4-5-4-12-10-13 FS $599,000 Emmalani Court #311 1,456 #311 2/2.00
266678 CND A 5 4-5-4-5-23-43 FS $619,500 Plantation #1121 1,318 #1121 3/3.00
CONTINGENT SALES
253709 CND C 332 4-5-4-12-11-9 FS $1,200,000 Puu Poa #109 1,646 #109 2/2.00
PRICE CHANGES
262881 CND A 143 4-5-3-11-1-32 FS $749,000- Villas On The Prince #32 1,737 #32 3/3.00
263014 CND A 145 4-5-4-5-23-39 FS $595,000- Plantation #1021 1,318 #1021 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.
New Listings:
Kamahana 8 is making it’s market debut at $399K since last selling in 1/80 for $91K. Cliffs 4202 is also new at $459K unfurnished since selling in 8/12 for $300K. Emmalani Court 311 is now on the market priced at $599K. This unit sold for $695K in 8/05 and was listed previously from 5/07 to11/07 starting at $839K and decreasing to $788K, again from 5/08 to 11/08 for $700K and finally from 11/08 to3/09 starting at $669K and reducing to $649,900. In each time the property was withdrawn from the market. Plantation 1121 returns to the market with a list price of $619,500 after being listed from 11/12 to 7/13 starting at $639,080 and increasing to $649,080. It sold for $700K in 6/07.
Contingent:
Pu’u Po’a 109 came back on the market for one day and went right back into escrow showing a contract date of 9/10/13. It is priced at $1.2M and last sold for $949K in 3/04.
Price Changes:
Villas on the Prince 32 was purchased for $545K in 2/03 and reduced from $769K to $749K.
That’s it for this week! Now on to your Princeville residential update which is pretty darn sparse:
EXPIRED
257178 RES X 344 4-5-4-9-47 FS $1,099,000 5275 Poki’i Ln 13,893 sqft 2,652 3/3.00
PRICE CHANGES
264629 RES A 79 4-5-4-19-2 FS $1,495,000- 5074 Napookala Cir 23,703 sqft 3,138 4/3.01
257178 RES X 344 4-5-4-9-47 FS $1,099,000- 5275 Poki’i Ln 13,893 sqft 2,652 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.
One expiration and two price reductions and that’s it! There’s not too much to say about the market this week except that I think we’re all in agreement that it’s slowed a bit. It’s customary to have a seasonal slowdown in Sep as kids go back to school and parents get back to their normal routines after all the summer activities. Things tend to stay a bit on the quiet side until just after Thanksgiving and then again after Christmas. Yes I said Christmas. Can you believe it’s creeping up on us again?
With the slowdown comes a great opportunity for a bit more negotiating. Still lots of great properties out here. Please let me know if you’re interested in buying or selling and I’ll make sure you have the facts before moving forward. Don’t hesitate to email me with questions on these or any other Kauai properties. That’s why I’m here.
Aloha Elaine
This is the view while riding on Kapaka Rd, Princeville.
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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