Princeville Kauai condo (and house) + short sale update for the week of Aug 22nd to 28th

Aloha,

This will be my last weekly update until Sep 20th as I'm going on a vacation where I am unable to take a computer due to the fact that I have to use soft side luggage plus there are weight restrictions, not to mention that I don't think I have connectivity or coverage in Africa. But that's another story. Here's your update for the week just past: (Please keep in mind that the information which follows is accurate as of this date and will change daily.)

Copyright 8/29/2010 by Hawaii Information Service

NEW LISTINGS
237569 CND AT CPR A 6 4-5-3-11-1-12 FS $885,000 Villas On The Prince #12 1,732 #12 3/3.00
236149 CND AT CPR A 6 4-5-4-12-10-29 FS $490,000 Emmalani Court #422 1,192 #422 2/2.00
238116 CND AT CPR A 6 4-5-4-5-39-191 FS $549,000 Cliffs At Princeville #9201 963 #9201 1/2.00
238091 CND AT CPR A 4 4-5-4-5-24-1 FS $575,000 Nihilani At Princeville Resort #1A 10.12 ac 1,406 #1A 2/2.00
236081 CND AT CPR A 6 4-5-4-12-10-41 FS $580,000 Emmalani Court #524 1,192 #524 2/2.00

BACK ON THE MARKET
232326 CND AT CPR A 181 4-5-3-6-22-74 FS $799,900 Kaiulani Of Princeville #74 1,892 #74 2/2.01

CONTINGENT SALES
225391 CND AT CPR C 426 4-5-4-5-24-2 FS $519,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.01

SALES
232928 CND CPR S 27 4-5-4-12-2-28 FS $295,000 Hale Moi #208 1,033 #208 1/2.00
SOLD 8/18/2010 for $275,000 (CNV) DOM 27

227585 CND AT CPR S 191 4-5-4-15-21-65 FS $349,000 Sandpiper Village I #228 1,173 #228 2/2.01
SOLD 8/27/2010 for $270,000 (CNV) DOM 191

233385 CND CPR S 13 4-5-4-5-24-39 FS $418,900 Nihilani At Princeville Resort #13C 1,874 #13C 3/2.01
SOLD 8/27/2010 for $431,600 (CASH) DOM 13

EXPIRED
227167 CND CPR X 365 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort #25B 1,567 #25B 2/2.01

TEMPORARILY WITHDRAWN
226466 CND AT CPR T 43 4-5-4-5-16-36 FS $695,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2.00
230300 CND AT CPR T 253 4-5-4-5-16-35 FS $725,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2.00

PRICE CHANGES
232326 CND AT CPR A 181 4-5-3-6-22-74 FS $799,900- Kaiulani Of Princeville #74 1,892 #74 2/2.01
230817 CND AT CPR A 230 4-5-4-12-9-9 FS $489,000- Pali Ke Kua Iii #13 1,135 #13 2/2.00
235501 CND AT,DT CPR A 89 4-5-4-12-3-8 FS $604,900- Hanalei Bay Villas #8 1,244 #8 2/2.01

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

Villas on the Prince 12, Emmalani Court 422 and 524 show up as new listings this week because the agent changed brokerage affiliation. All three of these properties were already on the MLS. Cliffs 9201, priced at $549K returns to the market having been previously listed from 8/07 to 1/09 during which time it went from $975K to $765K and again from 3/09 to 6/10, starting at $685K and reducing to $589K. This agent owned unit sold as a leasehold in 12/86 for $135K with the fee purchased in 11/91 for $22,500. It is a second floor end up ocean front condo with great views! Nihilani 1A, a ground floor 2 bed/ 2 bath Moana unit comes to the market at $575K after selling from the developer on 5/08 for $690K. A little high for what other Moana units have sold for recently:

Copyright 8/28/2010 by Hawaii Information Service

227263 CND CPR S 207 4-5-4-5-24-46 FS $399,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2.00
SOLD 6/10/2010 for $346,000 (CASH) DOM 207

233326 CND CPR S 0 4-5-4-5-24-98 FS $435,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2.00
SOLD 3/24/2010 for $435,000 (CASH) DOM 0

210699 CND CPR S 683 4-5-4-5-24-31 FS $475,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2.00
SOLD 4/6/2010 for $420,000 (CASH) DOM 683

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

Ka'iulani 74 expired priced at $849K on 8/26 and is back on the market at a new price of $799,900, having sold from the developer for $898,250 on 4/07. It is apparently not a short sale. You'll see this unit again under price changes.

After 424 market days, the short sale Nihilani 1B went into escrow priced at $519K. This is for the 3 bed / 2.5 bath Makani townhouse model which initially sold from the developer in 3/07 for $912,788. Looking at the market today, it's just unbelievable to think properties were "worth" that back then. Hope this stays in escrow!

Three condos closed this week: Hale Moi 208 sold for $275K while listed for $295K. This unit was purchased at a non judicial foreclosure for $185K in 2/10 making this seller a nice profit. Short sale Sandpiper 228 was purchased for an amazing $535K back in 6/05 and closed this week for $270K while priced at $349K. Nihilani 13C, a bank foreclosure which sold for $738,119 in 2/06 sold for $431,900 while listed at $418,900. This is for the 3 bed / 2.5 bath townhouse Makani floorplan - a nice price!

Nihilani 25B, the reverse floor plan 2 bed/ 2 bath Hoku mode, purchased from the developer in 12/06 for $776K expired after a year on the market priced at $599K. Based on recent pricing and sales of larger models, it's no surprise this unit didn't find a buyer. It is not a short sale.

Two Ali'i Kai units owned by the same seller withdrew from the market: unit 4304 which was purchased for $541,500 in 2/04 and 4303 which sold for $490K in 12/03. This unit started out priced at $795K in 12/09 while 4304 first came on the market in 8/09 at $940K.

As for price changes: As I mentinoned under "back on the market" Ka'iulani 74 reduced from $849K to $799,900. Pali Ke Kua 13, which sold for $121K in 8/96 reduced from $499K to $489K. The bank owned Hanalei Bay Villas 8 reduced from $633,900 to $604,900 having sold for $730K on 6/05.

Now on to your Princeville home update:

Copyright 8/29/2010 by Hawaii Information Service

NEW LISTINGS
238236 RES DT FL A 3 4-5-3-11-38 FS $1,150,000 4104 Aloalii Dr 8,970 sqft 2,024 3/3.00
236176 RES DT FL A 6 4-5-4-6-12 FS $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2.00
238119 RES DT FL A 5 4-5-4-18-45 FS $807,900 4165 Kamalani Ln 10,235 sqft 2,405 3/3.01
238094 RES DT FL A 5 4-5-4-13-42 FS $945,000 3626 Kaweonui Rd 10,923 sqft /0.00

CONTINGENT SALES
236123 RES DT FL C 69 4-5-3-12-3 FS $1,849,000 4043 Aloalii Dr 8,972 sqft 3,588 3/3.01

UNDER CONTRACT
225837 RES FL U 324 4-5-4-7-6 FS $1,250,000 3932 Namakeha Lp 12,575 sqft 2,848 4/3.01

EXPIRED
200380 RES FL X 1088 4-5-4-13-7 FS $1,595,000 3687 Kaweonui Rd 11,420 sqft 3,588 4/3.01

TEMPORARILY WITHDRAWN
237805 RES DT FL T 12 4-5-4-16-77 FS $650,000 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.01

PRICE CHANGES
232164 RES DT FL A 188 4-5-4-18-56 FS $800,000- 4158 Kamalani Ln 16,029 sqft 2,834 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.

Of the new listings, two of them, 4104 Aloali'i and 3626 Kaweonui, are making their first appearance on the market since being built by the current owner. 4165 Kamalani Lane is a foreclosure offering and Lei O Papa shows as "new" because the agent changed to a different brokerage.

That's it for this week. As I said at the beginning, I'm off to a Africa for a horseback safari in the Botswana Okavango Delta then on to Victoria Falls. My horse is just happy she's not being pressed into service. My hubby, previously a non-rider, has been taking lessons for over a year and I'm hoping he learned all the right stuff! I'm also counting on the fact that the slowest horses are still faster than the fastest lion, in which case, I'll be back on the 20th with a new update and plenty of new pictures. Until then-

Aloha Elaine

Rainbow at the Stable

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!