Princeville Update ~ homes offered under $700,000

Princeville Update ~ Homes offered under $700,000

In the past 2 weeks there have not been any new residential listings under $700,000. There was one closing: a house on Iolani in Princeville (bank sale) with 3 bedrooms, 2 baths, just over 2200 sq ft living space on approx 10,907 sq ft of land closed/sold unfurnished for $567,000. Pluses were mountain/golf course/waterfall views, minuses were that it was abutting Ka Haku Road and needed TLC.

This is the second closing under $600,000 for a home in Princeville in the past year. There are now 2 homes listed under $600,000 and one home in Escrow that was offered under $600,000 ~ though none of these three compare to your home in terms of condition or location within Princeville.

Also in the past two weeks, the Moae house offered at $675,000 was withdrawn from the market and there were three price reductions: the Haulani bank sale is now at $644,900, Ou Place (remodeled) is now at $697,000 and the Lei O Papa house is at $584,000 (they have been dropping $1000 per day for just over a week now).

PRINCEVILLE RESIDENTIAL LISTINGS OFFERED UNDER $700,000

213870 RS A 4-5-4-6-12 FS $584,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2

219545 RS A 4-5-4-22-26 FS $598,000 4372 Emmalani Dr 11,390 sqft 1,294 3/2
219148 RS A 4-5-4-15-16 FS $644,900 3834 Haulani Pl 11,020 sqft 2,048 3/3
216647 RS A 4-5-4-18-17 FS $680,000 4725 Emmalani Dr 10,248 sqft 1,388 2/2
215193 RS A 4-5-4-23-8 FS $697,000 4838 Ou Pl 8,104 sqft 1,213 3/1.5
210765 RS A 4-5-4-23-24 FS $699,000 3807 Makani Kai Pl 10,386 sqft 1,535 3/2

SALES IN THE PAST TWO WEEKS

217017 RS 4-5-4-20-25 FS offered at $594,900 5143 Iolani Pl 10,907 sqft 2,224 3/2
SOLD 3/30/2009 for $567,000 (CNV) DOM 102

WITHDRAWN IN THE PAST TWO WEEKS

210781 RS 4-5-4-23-35 FS $675,000 3793 Moae Pl 6,386 sqft 1,651 3/2

PRICE DROPS IN THE PAST TWO WEEKS

213870 RS A 4-5-4-6-12 FS now $584,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2
219148 RS A 4-5-4-15-16 FS now $644,900 3834 Haulani Pl 11,020 sqft 2,048 3/3
215193 RS A 4-5-4-23-8 FS now $697,000 4838 Ou Pl 8,104 sqft 1,213 3/1.5

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Jamie Friedman
Prudential All Star Realty
jamiejoy@aloha.net
www.SearchKauaiProperty.com
808-634-2011