Aloha,
And welcome to summer. (June 21st is the start!) It was such a dry winter this year that it's hard to tell where summer starts. The weather has been outstanding pretty much the whole year - which is one of the many reasons people love to live here. We love where we live is the slogan of Country Brokers and I couldn't agree with them more. On to your update:
Copyright 6/21/2008 by Hawaii Information Service
NEW LISTINGS
211984 T A 4 4-5-3-6-22-71 FS $925,000 Kaiulani Of Princeville #71 1,901 #71 2/2.5
212581 T A 4 4-5-3-6-22-61 FS $975,000 Kaiulani Of Princeville #61 1,738 #61 2/2.5
212284 T A 3 4-5-4-15-21-64 FS $485,000 Sandpiper Village I #227 1,173 #227 2/2.5
212639 T A 4 4-5-4-5-18-1 FS $515,000 Puamana #1A 1,312 #1A 2/2
212717 T A 3 4-5-4-5-24-13 FS $699,000 Nihilani At Princeville Resort #5A 1,874 #5A 3/2.5
212433 T A 2 4-5-4-6-1-58 FS $879,000 Villas Of Kamalii #58 1,761 #58 3/3
212665 T A 3 4-5-4-12-11-2 FS $1,595,000 Puu Poa #102 1,352 #102 2/2
SALES
152060 T S -81 4-5-3-6-22-71 FS $825,000 Kaiulani Of Princeville #71 1,892 #71 2/2.5 SOLD 6/17/2008 for $825,990 (CASH, CNV) DOM -81
152065 T S -42 4-5-3-6-22-61 FS $855,000 Kaiulani Of Princeville #61 1,781 #61 2/2.5 SOLD 6/17/2008 for $856,400 (CASH, CNV) DOM -42
201459 T S 298 4-5-4-6-1-9 FS $925,000 Villas Of Kamalii #9 1,761 #9 3/3
SOLD 6/17/2008 for $890,000 (CNV) DOM 298
210321 T S 7 4-5-4-12-8-20 FS $995,000 Pali Ke Kua Ii #227 993 #227 2/2
SOLD 6/20/2008 for $895,000 (CNV) DOM 7
UNDER CONTRACT
212437 T U 5 4-5-4-5-18-95 FS $319,900 Puamana #26B 1,532 #26B 2/2
205685 T U 135 4-5-4-15-21-21 FS $439,000 Sandpiper Village I #121 1,042 #121 2/2
204295 T U 165 4-5-4-12-3-4 FS $875,000 Hanalei Bay Villas #4 1,248 #4 2/2.5
WITHDRAWN
210969 T W 43 4-5-3-6-22-2 FS $1,850,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5
198466 T W 329 4-5-4-5-4-14 FS $649,000 Ka'eo Kai Ph I #4B 2,100 #4B 3/3
PRICE CHANGES
205059 T A 163 4-5-3-11-1-3 FS $739,000- Villas On The Prince #3 1,737 #3 3/3
210770 T A 50 4-5-3-11-1-30 FS $799,000- Villas On The Prince #30 1,732 #30 3/3
206549 T A 148 4-5-3-6-22-3 FS $1,995,000+ Kaiulani Of Princeville #3 2,843 #3 3/3.5
210522 T A 57 4-5-4-12-2-16 FS $479,000- Hale Moi #116 1,033 #116 1/2
196884 T A 377 4-5-4-5-18-68 FS $499,000- Puamana #19B 1,660 #19B 3/2
181966 T A 9 4-5-4-15-21-50 FS $499,999- Sandpiper Village I #213 1,173 #213 3/2.5
205172 T A 177 4-5-4-5-13-13 FS $589,000- Kamahana #13 2,073 #13 3/2
210999 T A 44 4-5-4-12-10-42 FS $625,000- Emmalani Court #525 1,456 #525 2/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
First up under new sales are a couple of new Ka'iulani owners trying to "flip" their units. # 71 closed escrow a few days ago at $825,990 and is currently listed for $925K. #61 closed the same time at $856,400 and is now listed for $975K. You will see both of these unit listed under the 'sales' section of this update. Keep in mind these prices are reflective of sales in 06 or 07, depending on when these sellers went into escrow with the developer. I have to say, I've shown Ka'iulani several times in the last few weeks and it is impressive, especially if you own one of the valley homes. There is a half mile meandering walk / jog path, three infinity pools, two BBQ areas, one of which has a commerical ice maker for all your bigger parties, beautiful landscaping, three (maybe it's four) water features throughout the project and huge floor to ceiling windows in all the units that guarantee great views and fabulous light filled rooms. You should stop in to see it, especially if you are considering a Villas of Kamali'i or a Villas on the Prince, as pricing on the lower end "B" and "C" model units is comparable.
Sandpiper 227 is new this week at $485K, selling for $250K in 10/02. Puamana 1A, which sold for $157K in 7/01 is listed for $515K. It was previously listed for $588K dropping to $545, from 10/06 to 2/07 at which time it was withdrawn. Nihilani 5A is my pick of the week, listed at an unbelievable $699K. I showed this unit and it is gorgeous. The unfortunate seller paid (hold on now) $929,606 in 12/06. What a loss for this seller but a great opportunity for a buyer.
Villas of Kamali'i #58 was purchased in 5/03 from the developer for $432,155 and was previously listed from 4/06 to 9/06 starting at $1.1M and dropping to $995K before it was withdrawn. It is now listed for $879K which is closer to what recent sales have been. Finally we have Pu'u Po'a 102 which sold for $1.4M in 5/05 and is currently listed for $1.595M. If you recall correctly, #105 sold for $1.475M about a month ago.
We had no units go into escrow this week but several did close and show as sold. Ka'iulani's #71 and 61 are developer's sales which are now new listings approximately $100K over the original sale price. Villas of Kamali'i #9 which was purchased for $635K on 2/04, sold for $890K! Capital gains are a good thing. Pali Ke Kua #227 actually surprised me a bit by going into escrow just 7 days after it was lsted for $995K, a price I honestly thought was too high for the current market. Apparently someone really wanted this unit as they paid $895K to call it their own.
Now showing as under contract is the ‘other' great buy of the week, Puamana 26B, listed as a short sale at $319,900. This unit went under contract so fast that if you turned your head you missed it. Sandpiper #121 which sold for $510K in 1/06 is working it's way to a closing and Hanalei Bay Villas #4, I'm happy to report, is also moving steadily towards close of escrow. (This is my listing.) This unit was purchased in 8/84 for $83K.
Two units were withdrawn from the market, a developer's Ka'iulani # 2 listed for $1.850M and Ka'eo Kai #4B which sold for $635K on 6/06. This unit was back on the market by 7/26/06 apparently in the hopes of flipping, which has not proven successful.
As for price changes, Villas on the Prince #3 continues to reduce, this time going from $770K down to $739K in an effort to find a buyer and avoid foreclosure. This unit sold for $840K in 9/05. Also coming down into the $700's is Villas #30, which reduced from $815K to $799K. This unit sold in 3/04 from the developer for $565K. Ka'iulani #3, a developer's unit, saw an increase, going from $1.9M to $1.995M. Hale Moi #116, purchased in 10/04 for $459K went from $499,500 to $479K; Puamana #19B which sold for $325K in 10/03, went from $519K to $499K and Sandpiper #213 picks up the price reduction of the week award with a very nice $50K drop, going from $549,999 to $499,999. Thus unit sold for $183K in 1/02. Kamahana #13 which was purchased for $640K in 10/05, went from $599K to $589K. Emmalani Court #525 rounds out the field with a price reduction of $50K, going from $675K to $625K, having been purchased on 1/03 for $400K.
As for changes in Princeville homes this week, here is your update:
Copyright 6/21/2008 by Hawaii Information Service
NEW LISTINGS
212844 RS A 0 4-5-4-22-5 FS $778,000 4077 Cr Pauahi Pl/nalani 10,270 sqft 2,169 4/2
212538 RS A 5 4-5-4-17-9 FS $2,495,000 4881 Emmalani Dr 10,852 sqft 3,510 3/4
CONTINGENT SALES
205193 RS C 178 4-5-4-14-31 FS $1,495,000 3885 Kamehameha Rd 12,127 sqft 2,372 4/3
SALES
207318 RS S 77 4-5-4-10-10 FS $699,000 4115 Kekuanao'a Ln 9,969 sqft 1,228 3/1.75
SOLD 6/18/2008 for $600,250 (CNV) DOM 77
209478 RS S 38 4-5-4-16-40 FS $799,000 4130 Kekaulike Ln 10,500 sqft 1,625 3/2
SOLD 6/17/2008 for $757,000 (CNV) DOM 38
208288 RS S 45 4-5-4-18-59 FS $1,099,000 4185 Kinau Pl 10,445 sqft 2,070 3/3
SOLD 6/17/2008 for $975,000 (CNV) DOM 45
205770 RS S 118 4-5-4-13-29 FS $3,999,000 3565 Kaweonui Rd 13,089 sqft 2,614 4/4.5
SOLD 6/20/2008 for $3,675,000 (CNV) DOM 118
WITHDRAWN
168524 RS W 930 4-5-4-22-4 FS $799,000 4087 Nalani Ln 11,244 sqft 1,424 3/2
206368 SH W 158 4-5-4-13-29 FS $2,275,000 3565 Kaweonui Rd 13,089 sqft 2,614 4/4.5
PRICE CHANGES
200239 RS A 302 4-5-3-12-12 FS $1,595,000- 3985 Aloalii Dr 8,554 sqft 3,340 2/3
208005 RS A 107 4-5-4-13-54 FS $839,000- 3646 Keoniana Rd 11,539 sqft 1,578 3/2
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Enjoy your week, and don't forget to call or email with your questions, concerns, or when you get ready to buy or sell. Instead of my picture, this week I am shwoing you the awesome view that greets you when you walk in the front door of 3565 Kaweonui which sold this week for $3.675M. This home not only had panoramic ocean views from just about every room in the house, but it was also very tastefully done. I loved this house the moment I came through the door. Congratulations to the new owners! Hope they get many years of enjoyment from this beautiful property.
Aloha, Elaine
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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