Princeville Condo (and house) update for the week of Aug 30 to Sep 5

Aloha,

I have a better than average reason for being late with this weeks update: I participated in the Kauai Marathon Sunday and spent yesterday recovering from the 26.2 mile jaunt. Even though I walked the better part of it, it was still no easy task but I'll wait to talk more about this on an upcoming blog specifically about my marathon experience. As for real estate, we did see some activity -see for yourself:

Copyright 9/8/2009 by Hawaii Information Service

NEW LISTINGS
226997 T A 8 4-5-4-5-18-71 FS $369,000 Puamana #20A 1,532 #20A 2/2
227263 T A 4 4-5-4-5-24-46 FS $548,500 Nihilani At Princeville Resort #16A 1,406 #16A 2/2

BACK ON THE MARKET
207634 T A 564 4-5-4-5-39-16 FS $259,000 Cliffs At Princeville #1206 917 #1206 1/2
215869 T A 361 4-5-4-5-23-16 FS $469,900 Plantation At Princeville #422 1,318 #422 3/3
210598 T A 482 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
208801 T A 491 4-5-4-11-3-84 FS $489,000 Hanalei Bay Resort #N22 867 #N22 1/2

CONTINGENT SALES
223270 T C 146 4-5-4-5-27-19 FS $275,000 Hale Honu #10A 1,085 #10A 3/2
224825 T C 89 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
216008 T C 308 4-5-4-12-11-47 FS $1,500,000 Puu Poa #405 1,800 #405 2/2

SALES
209244 T S 448 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5
SOLD 9/3/2009 for $810,000 (CNV) DOM 448

EXPIRED
223828 SH X 133 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
183879 T X 1,095 4-5-4-5-39-163 FS $799,000 Cliffs At Princeville #7205 917 #7205 1/2
215650 T X 358 4-5-4-5-12-2 FS $999,900 Sealodge Ii #F2 567 #F2 1/1

WITHDRAWN
198214 T W 338 4-5-4-15-21-15 FS $429,000 Sandpiper Village I #115 1,042 #115 2/2

PRICE CHANGES
225703 T A 60 4-5-4-15-21-34 FS $255,000- Sandpiper Village I #134 1,042 #134 2/2
221307 T A 196 4-5-4-5-18-86 FS $335,000- Puamana #24A 1,312 #24A 2/2
208801 T A 491 4-5-4-11-3-84 FS $489,000+ Hanalei Bay Resort #N22 867 #N22 1/2
225402 T A 62 4-5-4-5-17-14 FS $519,900- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
211272 T A 13 4-5-4-5-16-35 FS $795,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
226466 T A 13 4-5-4-5-16-36 FS $925,000- Alii Kai At Hanalei #4304 1,086 #4304 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.

Our first new listing, Puamana 20A for $369,000 was previously listed from 5/05 to 6/05 for $495K and from 4/09 to 8/09 for $382,750 and was withdrawn both times. It last sold for $170K in 9/01. The same holds true for our second new listing, Nihilani 16A which is a short sale at $548,500. Purchased from the developer in 5/06 for $603,600, this unit was previously listed from 2/07 to 8/07 starting at $668K and reducing to $639K before it was withdrawn and again from 6/09 to 7/09 when it was withdrawn while listed at $575K.

Cliffs 1206, purchased for $520K in 9/05 and listed for $259K is back as a short sale after expiring. Also back on the market is the foreclosed Plantation 422 listed for $469,900. This unit went into escrow on 6/29 and is unfortunately available once again. Purchased in 11/05 for $738K it was foreclosed on by the bank in 6/08. One of the developer's Nihilani 3 bedroom 2.5 bath Makani units, 3B, listed for $485K is also back on the market along with Hanalei Bay Resort N22, priced at $489K. This unit was purchased for $469,900 in 1/06 and was previously listed for $329K when it was withdrawn on 8/9. It can back on the market at the higher price of $489K and is also listed under the price changes portion of this report.

I'm happy to report that several units went into escrow this past week. Hale Honu 10A, purchased for $510K in 8/05 and listed for $274K went into escrow as a short sale. Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 went into escrow after 84 market days listed at $359K. Pu'u Po'a 405, listed for $1.5M and purchased for $430K in 1/00 also went into escrow after 303 market days.

There was finally a resale in Ka'iulani with unit 63, purchased for $975K in 3/08. This agent owned unit provided a tax write off by closing at $810K while listed at $894K.

A fractional share of Plantation 621 listed for $170K expired with 133 market days. Cliffs 7205, listed at $799K and purchased as a leasehold unit in 4/81 for $165K and converted to fee simple in 4/92 for $21K, expired after a healthy 1,095 days on the market with no price reductions. Sealodge F2, listed for $999,900 expired with 358 days on the market. This unit last sold for $268K in 7/01.

Sandpiper 115, listed at a high $429K, was withdrawn after 338 days on the market. This unit shows as selling for $180K in 12/01 then being quit claimed to the bank on 7/09 for $238K.

As for price reductions: Sandpiper 134 reduced from $265K to $255K and last sold for $485K in 7/05. Also reducing is Puamana 24A, purchased for $605K in 12/05. This unit went from $370K to $335K. Hanalei Bay Resort N23 went up to $489K from $329K. Ali'i Kai 9F, purchased for $560K in 9/05, reduced from $565K to $519,900. Ali'i Kai 4303 went the other way, from $795K to $815K. This unit sold for $490K in 12/03. Yet another Ali'i Kai changed price, unit 4304, this time as a reduction from $940K to $925. This unit last sold for $541,500 in 2/04.

On to your Princeville home update:

Copyright 9/8/2009 by Hawaii Information Service

NEW LISTINGS
226593 RS A 7 4-5-4-6-12 FS $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2

BACK ON THE MARKET
206819 RS A 501 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2
208122 RS A 558 4-5-4-7-19 FS $1,135,000 3928 Punahele Rd 9,999 sqft 1,694 3/2

EXPIRED
218518 RS X 264 4-5-4-23-71 FS $849,000 3784 Mapuana Pl 9,985 sqft 1,857 3/2.5

WITHDRAWN
215902 RS W 713 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2

PRICE CHANGES
224805 RS A 92 4-5-4-23-46 FS $549,000- 3785 Moae Pl 6,894 sqft 1,199 2/2
223822 RS A 127 4-5-4-13-6 FS $580,150- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

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

That's it for this week. Don't forget to call or email for the facts before you buy or sell.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
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
blog: http://blogs.alohaliving.com/princeville-condo-sales/

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