Princeville Kauai condo (and house) update for the week of May 9th to 15th

By
Managing Real Estate Broker with RE/MAX Kauai Princeville Resort Branch RB-18142

Aloha,

While there doesn't appear to be a lot of activity in Princeville condos this past week, the rest of the Island managed to put 15 properties into escrow. Of these 15, one was a business, 5 were land, 2 were condos (in Poipu) and 6 were homes. Overall, things are starting to pick up and many of the realtors I've talked with are looking forward to a busy summer especially since there are so many good buys across the board. Now, on to your update for this week:

Copyright 5/16/2010 by Hawaii Information Service

NEW LISTINGS
234836 RES LR,SD CF A 4 4-5-4-5-3-15 $475,000 Princeville Paniolo #115 1,058 #115 1/2
234913 RES GA,LR CF A 2 4-5-4-5-12-13 $529,000 Sealodge Ii #G4 567 #G4 1/1

BACK ON THE MARKET
222635 RES CD CF A 373 4-5-4-5-12-19 $349,999 Sealodge Ii #H1 826 #H1 1/1
226521 RES SA CF A 212 4-5-4-5-39-178 $750,000 Cliffs At Princeville #8204 1,864 #8204 4/4

UNDER CONTRACT
228178 RES CD CF U 217 4-5-4-5-24-41 $357,750 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.01

EXPIRED
230300 RES LR CF X 724 4-5-4-5-16-35 $725,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2

WITHDRAWN
206436 RES CD CF W 821 4-5-4-15-21-7 $249,000 Sandpiper Village I #107 1,042 #107 2/2
218777 RES LR CF W 520 4-5-4-11-3-29 $649,000 Hanalei Bay Resort #H23 1,324 #5207-8 (H23) 2/2
211712 RES LR CF W 719 4-5-4-11-3-7 $995,000 Hanalei Bay Resort #B13 1,324 #9123/4 2/2

PRICE CHANGES
232647 RES SA CF A 71 4-5-3-6-22-64 $884,000- Kaiulani Of Princeville #64 1,892 #64 2/2.01
226521 RES SA CF A 212 4-5-4-5-39-178 $750,000- Cliffs At Princeville #8204 1,864 #8204 4/4

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 new listings is Paniolo 115, priced at $475K with a sale price of $550K in 6/06. This is one of the few free standing units in the Paniolo complex and was previously listed from 11/08 to 5/09 for $650K when it expired. Sealodge G4, a ground floor unit with amazing ocean views, is also back on the market for $529K since selling in 11/03 for $385K. It too was listed before, from 5/08 to 10/08 for the lucky price of $777,777. Hopefully this new price of $529K will bring better luck in the form of a buyer.

Sealodge H1, priced at $349,999 is back on the market after going into escrow on 11/09. Purchased in 8/05 for $560K this was listed as a possible short sale. Cliffs 8204, priced at $750K (down from $850K as you'll see under price changes) is back on the market after expiring.

Nihilani 14B, a short sale originally purchased in 3/06 for $594,102 is heading towards closing as it went from contingent to under contract this week. This unit is priced at $357,750 up from the original price of $350K. Ali'i Kai 4303 priced at $725K is back on the market after expiring. This unit sold for $490K in 12/03.

Several units were withdrawn, starting with Sandpiper 107 which tried for 821 days to find a buyer. Initially priced at $419K, this unit, which sold for $365K in 9/04, dropped to $249K during the life of the listing. Hanalei Bay Resort 5207-8 was a pre-foreclosure listed for $649K when it was withdrawn. This unit sold for $950K on 9/05 and started out listed at $990K 520 days ago. It now shows as being owned by First Hawaiian Bank as of 5/2010 so I would expect to see it back on the market as an REO. Hanalei Bay Resort 9123-4, priced at $995K and purchased for $359K in 11/00 also withdrew from the market after 719 market days.

As for price changes: Ka'iulani 64, which sold for $861,070 in 3/08, reduced this week from $899K to $884K. Also reducing is Cliffs 8204 which went from $850K to $750K as noted under the "back on the market" portion of this report. Now on to your Princeville home update:

Copyright 5/18/2010 by Hawaii Information Service

NEW LISTINGS
234801 RES SD FS A 5 4-5-4-18-33 $695,000 4225 Kina'u Pl 9,838 sqft 2,620 #0 3/2.01

CONTINGENT SALES
231419 RES RS FS C 116 4-5-4-22-4 $469,500 4087 Nalani Ln 11,244 sqft 1,424 3/2
229419 RES SD FS C 183 4-5-4-23-55 $589,000 3781 Milimakani Pl 7,187 sqft 1,295 3/2
234014 RES SD FS C 32 4-5-4-14-5 $998,000 3778 Kelii Pl 13,508 sqft 2,952 4/3
221222 RES RS FS C 442 4-5-4-25-4 $2,800,000 5174 Hanalei Plantation 16,307 sqft 4,215 3/3

EXPIRED
226493 RES SD FS X 274 4-5-4-19-16 $867,000 5112 Napo'okala Cir 15,320 sqft 2,196 3/2.01

PRICE CHANGES
232759 RES SD FS A 71 4-5-4-10-28 $749,000- 5230 Honoiki Rd 10,189 sqft 1,688 3/2.01

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

You'll see there was quite a bit of activity in the Princeville homes, with 4 properties, all in different price ranges, going into escrow. I think this is good as it shows there are buyers at every price point across the board and that they are finally taking advantage of the buyer's market!

Remember, if you are thinking of buying or selling, please do call or email for the facts. That's why I'm here! Have a great week.

Aloha, Elaine

P1110067

Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Short Sale and Foreclosure Resource Certification
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: http://blogs.alohaliving.com/princeville-condo-sales/

......you can have your own piece of paradise
ask me how!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Hawaii Kauai County Princeville
Groups:
Posts to Localism
Condo Benefits
Tags:
hawaii real estate
kauai condos
princeville condos
kauai real estate
princeville real estate

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention
Rainmaker
183,755

Elaine Schaefer

R, BIC, CRS, GRI, ABR, SFR
Ask me a question
*
*
*
Spam prevention