Princeville condo (and house) update for the week of June 22nd to 28th

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

Aloha,

For those of you who have not been up to Kokee, I strongly encourage you to do so. Even if all have time to do is drive up, the views at the end of the road, on a clear day, are breathtaking. Here is your reward:

the-pali.jpg

Just to entice you further, here is another view:

beautiful-coastline.jpg

I also did an awesome hike while up there, but I'll save that for another time. Right now, let's get on to your weekly update:

Copyright 6/29/2008 by Hawaii Information Service

NEW LISTINGS
210822 T A 3 4-5-4-5-13-28 FS $504,617 Kamahana #28 1,145 #28 2/2
212856 T A 3 4-5-4-5-24-42 FS $698,000 Nihilani At Princeville Resort #14C 1,874 #14C 3/2.5
213025 T A 2 4-5-4-5-12-28 FS $729,000 Sealodge Ii #J1 754 #J1 2/2
212901 T A 4 4-5-4-5-16-37 FS $849,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2

SALES
205685 T S 135 4-5-4-15-21-21 FS $439,000 Sandpiper Village I #121 1,042 #121 2/2
SOLD 6/25/2008 for $410,000 (1031, CNV) DOM 135

PRICE CHANGES
211781 T A 27 4-5-4-5-3-24 FS $422,000- Princeville Paniolo #211 1,058 #211 1/2
209599 T A 17 4-5-4-15-21-31 FS $425,000- Sandpiper Village I #131 1,042 #131 2/2
210822 T A 3 4-5-4-5-13-28 FS $504,617- Kamahana #28 1,145 #28 2/2
208369 T A 115 4-5-4-5-39-127 FS $600,000- Cliffs At Princeville #5205 917 #5205 1/2
199811 T A 313 4-5-4-5-39-191 FS $765,000- Cliffs At Princeville #9201 963 #9201 1/2
212117 T A 24 4-5-4-5-39-175 FS $1,195,000- Cliffs At Princeville #8201 963 #8201 1/2

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

The first sort of new listing, Kamahana #28, has been listed before and is now a short sale at $504,617. (There we go with those lucky number combinations again.) Purchased in 4/06 for $599K, Kamahana was previously listed from 3/07 to 2/08, starting at $725K and ending at $599K when the listing expired. Nihilani #14C is yet another of a growing list of Nihilani units whose owners are looking to sell. Purchased in 3/06 for $706,310, this unit is already showing a loss with a list price of $698K. Sealodge J1 is listed for the first time since it was purchased in 9/02 for $325K. The list price is $729K. Ali'i Kai #5101 is our last new listing, although it has pretty much been listed ever since it was purchased in 5/04 for $595K. It was first listed from 8/04 to 10/04 for $639K; from 7/06 to 8/06 for $975K; from 4/07 to 7/07 starting at $879K and reducing to $849K and finally from 9/07 to 4/08 where it was listed again for $879K. It is now at $849K.

Sandpiper 121 closed this past week at $410K which is higher than the recent sales for the downstairs units. 121 was purchased in 1/06 for $510K garnering this seller a very nice tax write off.

Other than that, all we have left are price changes, all of which are reductions, starting with Paniolo #211 which went from $427K to $422K. Sandpiper 131 reduced from $455K to $425K. All the rest of the reductions took place over at the Cliffs Condos, where we had 3 units reduce this week. Cliffs 5205 had a very nice $50K reduction, going from $650K to $600K. Not to be outdone is unit 9201 which wins the price reduction of the week award with a hearty $100K price drop from $865K to $765K. Seeing as this is in one of the most desirable buildings, with great ocean views, I would expect to see some other price decreases in some other unit. Finally, we have unit 8201 that took a dive from $1.490M to $1.195M. I guess I should give the price reduction award to this unit but unit 9201 seems more within the realm of possibility. 8201 is now listed for the same price as it was back in 2/06 when it sold for $1.075M so maybe this is the lucky number after all. We'll see.

As for homes, here is your activity in Princeville for this week:

Copyright 6/29/2008 by Hawaii Information Service

NEW LISTINGS
212945 RS A 5 4-5-4-13-24 FS $4,400,000 3574 Keoniana Pl 14,406 sqft 3,500 4/4.5

BACK ON THE MARKET
199054 SH A 294 4-5-4-16-22 FS $365,000 4080 Kaa'humanu Pl 9,731 sqft 2,460 4/3.5
188351 RS A 542 4-5-4-17-2 FS $994,000 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5

WITHDRAWN
205619 RS W 151 4-5-4-24-12 FS $1,375,000 4246 Waileia Pl 11,741 sqft 2,939 4/3

TEMPORARILY WITHDRAWN
211932 RS T 24 4-5-3-11-25 FS $1,350,000 4083 Aloalii Dr 7,937 sqft 2,192 3/2.5
212057 RS T 24 4-5-4-22-26 FS $685,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2

PRICE CHANGES
209601 RS A 86 4-5-4-23-55 FS $800,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
202850 RS A 251 4-5-4-20-31 FS $979,000- 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
210804 RS A 84 4-5-4-13-6 FS $1,160,000+ 3695 Kaweonui Rd 11,121 sqft 2,492 4/3
208541 RS A 100 4-5-4-13-66 FS $1,350,000- 3705 Albert Rd 10,586 sqft 2,010 4/3
200647 RS A 239 4-5-4-14-8 FS $2,385,000+ 3762 Keli'i Pl 21,627 sqft 3,850 5/4.5
208360 RS A 87 4-5-4-25-4 FS $3,500,000- 5174 Hanalei Plantation 16,307 sqft 4,215 2/3

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

It was another steller week, weather-wise with more of the same to come. I'll report on my Kokee - Waimea Canyon hike next. Until then, enjoy the sunshine. Don't forget to call before buying or selling.

Aloha, Elaine

p6140060.JPG

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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