Aloha,
The slowdown continues, with just one new condo listing and one unit going into escrow. As for houses two are back on the market and one went into escrow. As I said last week, its common to have a slowdown at the end of summer and although it may be the natural rhythm of the market, it’s never welcome. After all, what real estate agent and seller doesn’t love a hot market? Buyer, maybe not so much as they like to have time to pick and choose. The flaw in that style is some buyers forget to ever buy until the market is back to hot, and then they pay the price. Here is your update for the week just past:
NEW LISTINGS
266824 CND A 6 4-5-4-5-27-9 FS $201,500 Hale Honu #5A 866 #5A 2/1.00
CONTINGENT SALES
261551 CND C 125 4-5-4-5-18-51 FS $430,000 Puamana #14C 1,298 #14C 2/2.00
SALES
263005 CND S 120 4-5-3-6-22-20 FS $2,200,000 Kaiulani #20 2,864 #20 3/3.01
SOLD 9/19/2013 for $1,900,000 (CASH) DOM 120
TEMPORARILY WITHDRAWN
264263 CND T 98 4-5-4-12-11-6 FS $1,140,000 Puu Poa #106 2,079 #106 2/2.00
PRICE CHANGES
265703 CND A 39 4-5-4-12-9-24 FS $749,000- Pali Ke Kua #234 1,135 #234 2/2.00
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:
Bank owned Hale Honu 5A just hit the market at $201,500 after selling for $380K IN 2/07. Although appliances are not included and delinquent HOA’S may be due, it is a great opportunity for a 2 bed 1 bath unit.
Contingent:
Golf course view Puamana 14C found a buyer while listed for $430K. It last sold for $150K in 3/92 as a leasehold then converted to fee simple for $35,700 in 5/00.
Sales:
Ka’iulani 20 sold for $1.9M cash while listed for $2.2M. This unit sold for $1,985,180 from the developer in 11/07.
Temporarily Withdrawn:
Ground floor Pu’u Po’a 106 was temporarily withdrawn while priced at $1.140M. This one owner unit sold for $189,500 in 9/86.
Price Changes:
Pali Ke Kua 234 was purchased as a leasehold in 11/95 for $160K and converted to fee simple for $43,800 in 12/99. It reduced from $799K to $749K.
Now on to your Princeville Kauai single family residential changes:
BACK ON THE MARKET
260154 RES A 246 4-5-3-12-36 FS $1,349,000 4020 Aloalii Dr 9,161 sqft 2,702 3/3.00
257178 RES A 346 4-5-4-9-47 FS $1,099,000 5275 Poki’i Ln 13,893 sqft 2,652 3/3.00
CONTINGENT SALES
262839 RES C 157 4-5-4-10-29 FS $1,385,000 5238 Honoiki Rd 10,182 sqft 3,454 4/4.00
PRICE CHANGES
260154 RES A 246 4-5-3-12-36 FS $1,349,000- 4020 Aloalii Dr 9,161 sqft 2,702 3/3.00
263841 RES A 110 4-5-4-19-1 FS $1,295,000- 4165 Liholiho Rd 25,212 sqft 3,235 4/2.01
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
So far this month there are 52 sales leaving us only 13 away from meeting or exceeding the 65 sales for Sep 12. Although sales are only off by 20% at this point in time, when it comes to sales volume it’s an entirely different story. Clearly the lower end is what’s selling as we are off by 43% as of today. If buyers are wondering if pricing is good, that should be an indication. Don’t miss out – any questions don’t hesitate to email me for the facts before buying or selling.
Aloha Elaine
Last rays of the day.
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@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai
……Making your real estate dreams
my business………
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