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Kauai foreclosure REO update for 8/14/2009

Can you believe it's already the middle of August? Where does the time go? Before you know it, the $8,000 federal tax credit will be gone. As of now, it is set to expire the end of November. If you are a first time buyer, or someone who hasn't had an ownership interest in a home in the last 3 years, the closk is ticking. You have to close escrow and have the property in your name by November 30th to get the tax credit.

There seems to be a lot of activity this month, many buyers have decided it is time to make their move into ownership. So far, there have been a total of 25 sales islandwide, 5 of those were REO bank owned properties.

It appears that sellers are finally understanding that to be competitive in this market they just cannot overprice their home and hope to bring it down later if needed. This stategy rarely works in a sellers favor.

For more information on these and any other Kauai property just send an email to sheila@sheilamorales.com Visit my website for even more Kauai real estate informatio

HOMES
MLS ADDRESS LOCATION BED BATH PRICE
225791 3371 Kai Lani Pl Hanapepe 4 2 334,900
225781 4740 Hokuloa Pl Eleele 3 2 309,900
225407 4345 Naulu Pl #A Omao 5 4 211,613
225197 1672 Kelaukia St Koloa 3 1.5 1,034,550
223496 2891-B Pua Nani St #2 Lihue 4 2.5 449,000
225851 229 Koili Ln Wailua 4 2.5 297,500
223718 4734 Mimilo Rd Kapaa 3 1.5 409,900
223366 3995 Kamehameha Rd Princeville 3 2 471,900
224854 5086 Napo'okala Cir Princeville 3 3 799,800
226132 4262 Oama Pl Puhi 3 2 354,000
222896 4119 Aheahe PL Lihue 3 3 447,900
226104 5358 Kula Mau'u St Kapaa 3 2 316,900
219109 4754 Kalamania Rd #B Kilauea 1 1 424,900
225954 3868 Olona St Koloa 3 1.5 349,000
226200 148 Royal Drive Wailua 5 3 599,900
226240 4619 Lehua St Kapaa 5 4 644,900
226360 5051 Laukona St Hanamaulu 8 4 472,500
222904 2460 Kolo Road Kilauea 3 2 388,250
223822 3695 KAWEONUI RD Princeville 4 2 613,100
219935 4919 Aliali Road, Apopo Hale #10 Kapaa 3 1.5 224,900
219935 4910 ALIALI RD #5 Kapaa 3 1.5 215,900
226512 5625 Kula Mau'u St NEW Kapaa 5 4 360,000
226481 504 Laulea St NEW Eleele 2 1.5 272,250
CONDOS
MLS ADDRESS LOCATION BED BATH PRICE
225425 Kahala At Poipu Kai I #113 Poipu 1 1 329,900
225936 Banyan Harbor #80 Lihue 2 2 250,000
223038 Kauai Beach Resort #2506 Lihue 0 1 219,000
223037 Kauai Beach Resort #2544 Lihue 0 1 219,000
223033 Kauai Beach Resort #4110 Lihue 0 1 239,000
223035 Kauai Beach Resort #4214 Lihue 0 1 309,000
223271 Islander On The Beach #342 Kapaa 0 1 189,000
226523 Kaeo Kai Ph I #5A Princeville 2 2 239,000
225806 Nihilani At Princeville Resort #14A Princeville 3 2.5 489,900
215869 Plantation At Princeville #422 Princeville 3 3 469,900
220199 Kamahana #4 Princeville 2 2 289,900
226515 Sun Village #C312 NEW Lihue 1 1 100,000
LAND
225799 5622 ILEINA LN #K Kapaa 0 0 134,000
225221 MILIA ST Kalaheo 0 0 184,900
225885 Kulana Subdivision Kapaa 0 0 194,900
UPCOMING
MLS ADDRESS LOCATION BED BATH
5796 Noni St Wailua 4 2
Makoa Road Hanapepe 2 1
Waialeale Estates Kapaa 3 2
Apopo Hale Kapaa 4 1.5
Plantation Hale Kapaa 1 1
2888 Hoolako Lihue 2 2
Waiakulua Kilauea
Pohina St Hanamaulu
Laulea St Eleele 3 1
4524 Lae Road Kalaheo 3 2 330,000
5095 Panini Road Waimea 4 3
Pua Melia St Kalaheo 3 2
Koloa Town - 2 houses Koloa 6 4
4726 Mimilo Rd Kapaa 3 2
Makahuena condo Poipu 3 2
Waiakulua Estate Kilauea
5095 Panini Rd Waimea 4 3
7162 Aleaalea Rd Haena
Huina Road Wailua
Hale Lani W103 Lihue 2 1
SOLD
Date Address Location Sold Price
8/4/2009 4836 Puuwai Rd #A Kalaheo 2 1 290,000
8/7/2009 2305 Liliuokalani St Kilauea 3 1.5 362,500
8/7/2009 3295 KILIKINA PL Lihue 3 2 370,000
8/12/2009 Kamahana #4 Princeville 2 2 276,000
8/13/2009 3834 Koula Rd Hanapepe 5 2 330,000
Posted Saturday Aug 15