Princeville Kauai condo (and house) update for the week of Jan 19th to Jan 25th

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

loha,

What a difference a day makes. This morning we cannot see the ocean as everything is pretty much grey outside. If I told you there were mountain views off the back lanai, you’d simply have to take me at my word as they’re not visible either. Fortunately, we participated in the first of three seasonal whale counts yesterday when it was beautiful and sunny with a cooling breeze. We saw four breeches, numerous slaps and too many “blow” to mention. Had a great time. Whale counting is open to volunteers. If you’re interested click here to go to the Sanctuary Ocean Count for more information or here to access the Hawaiian Island Humpback Whale National Marine Sanctuary.

It was a fairly strong week for Princeville real estate also with 5 new condo listings and 3 new escrows. Take a look below:

NEW LISTINGS

269761 CND A 1 4-5-4-5-16-12 FS $485,000 Alii Kai #2104 1,085 #2104 2/2.00
270164 CND A 3 4-5-4-5-39-159 FS $530,000 Cliffs #7201 963 #7201 1/2.00
269997 CND A 5 4-5-4-5-4-17 FS $539,888 Mauna Kai #7B 2,807 #7B 3/3.00
270140 CND A 4 4-5-4-11-3-29 FS $699,000 Hanalei Bay Resort #H23 1,324 #H-23 2/2.00
269760 CND C 3 4-5-4-12-2-22 FS $345,000 Hale Moi #202 1,033 #202 1/2.00

BACK ON THE MARKET

255479 CND A 581 4-5-4-11-3-119 FS $495,000 Hanalei Bay Resort #T33 867 #2305-6 1/2.00

CONTINGENT SALES

268091 CND C 79 4-5-3-11-1-13 FS $739,000 Villas On The Prince #13 1,732 #13 3/3.00
269760 CND C 3 4-5-4-12-2-22 FS $345,000 Hale Moi #202 1,033 #202 1/2.00
269344 CND C 38 4-5-4-5-18-40 FS $425,000 Puamana #11C 1,298 #11C 2/2.00

SALES

249960 CND S 767 4-5-4-11-3-60 FS $879,000 Hanalei Bay Resort #J34 1,324 #7307-8 2/2.00
SOLD 1/24/2014 for $780,000 (CASH) DOM 767

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:

Ali’i Kai 2104 is now listed with a price of $485K after selling for $320K in 2/02. Ocean view end unit Cliffs 7201 is on the market with a price tag of $530K after selling for $655K in 8/05. It was previously listed from 3/11 to 3/12 for $599K when it was withdrawn.

Mauna Kai 7B is once again on the market for $539,888 after selling for $625K in 10/04. This three bedroom unit was first listed from 1/06 to 4/06 for $775K, then for 18 days in 4/06 for $769,950 and most recently from 7/07 to 5/09 starting at $649,950 and reducing to $550K.

Hanalei Bay Resort 5207/08 is back on the market priced at $699K after selling as a bank foreclosure for $483,280 in 7/10. It was previously listed from 9/11 to 11/12 starting at $725K and reducing to $649K and again from 2/13 to 9/13 for $719K. Upstairs unit Hale Moi 202 is a new listing which was purchased for $245K in 5/02. It is now listed for $345K and went quickly into escrow within 3 days. You’ll also see it under the contingent portion of this update.

Back on the Market:

Hanalei Bay Resort 2305-06 is unfortunately back on the market after going into escrow on 1/15. The last sale was in 6/03 for $379,367.

Contingent:

Villas on the Prince is in escrow priced at $739K after being purchased for $525K in 4/02. As noted under new listings, Hale Moi 202 went quickly into escrow. It only took 34 days for Puamana 11C to find a buyer while listed for $425K. It was last sold for $55K as a leasehold unit in 8/98 and converted to fee simple in 9/00 for $35,700.

Sales:

Hanalei Bay Resort 7307-08 sold for $780K cash while listed for $879K. It was purchased in 6/04 for $420K. No price changes this week so we can move right along to the Princeville home update which showed a bit more activity than in the past weeks. Take a look:

NEW LISTINGS

269157 RES A 4 4-5-3-12-4 FS $1,936,000 4035 Aloalii Dr 9,415 sqft 3,232 3/3.00
270000 RES A 5 4-5-4-16-87 FS $899,000 4120 Nalani Ln 11,740 sqft 1,725 3/2.00
268420 RES A 5 4-5-4-19-3 FS $1,295,000 5068 Napookala Cir 23,685 sqft 3,266 4/3.01

CONTINGENT SALES

264557 RES C 220 4-5-3-12-17 FS $1,579,000 3963 Aloalii Dr 9,316 sqft 3,247 2/2.01

PRICE CHANGES

262574 RES A 295 4-5-4-9-50 FS $649,000- 5295 Pokii Ln 10,831 sqft 1,312 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:

4035 Alo’alii Drive is priced at $1.936M after selling for $1.8M in 7/10. 4120 Nalani Lane is new on the market priced at $899K since selling in 8/08 for $700K. The most recent sale of 5068 Napookala was for the vacant land at which time it sold for $190K in 2/99. It is now on the market priced at $1.295M.

Contingent Sales:

3963 Aloali’I Drive went into escrow while priced at $1.579K. It was purchased for $2.2M in 8/06.

Price Changes:

5295 Poki’i Ln has been on the market for 291 days wand was reduced from $749K to $649K.

That’s it for Princeville homes this week. Islandwide, there were 27 new listings this week, 8 that came back on the market, 20 new escrows, 13 sales, 5 properties that moved to under contract and 22 price changes, only 3 of which were price increases. To top it off, as of today Sunday there have been 49 sales which equals Jan 13 so the rest is gravy. Great way to start the year.

Any questions – you know who to ask. I’m here to give you the facts before buying or selling.

Aloha Elaine

IMG_4677
Every year I try to get a decent picture of the albatross as they soar overhead.

IMG_4686
I swear, I feel like they are taunting me sometimes as they cruise just outside my camera frame.

IMG_4673
I have much better luck with birds that stand still, like this egret!

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

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Elaine Schaefer

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