Princeville condo (and house) update for the week of Sep 28th to Oct 4th

It was another quiet, although very beautiful week. I took advantage of the good weather yesterday and hiked into Hanakapi'ai Beach and then continued back to Hanakapi'ai Falls. I don't recommend the additional 2 miles back to the falls for the casual hiker but if you love a challenge and don't mind mud and climbing up and down rocks, you'll be rewarded with a beautiful falls with a large swimmable pool at the base. You have to overlook the fact that it's pretty much freezing cold - but enough on this. I'll talk about my hike later this week and include pictures. For now, here is your weekly update:

Copyright 10/5/2008 by Hawaii Information Service

NEW LISTINGS
216340 T A 2 4-5-4-5-23-41 FS $580,000 Plantation At Princeville #1111 1,153 #1111 2/2
210042 T A 3 4-5-4-5-23-24 FS $729,000 Plantation At Princeville #622 1,366 #622 3/3
216488 T A 3 4-5-4-5-16-50 FS $839,000 Alii Kai At Hanalei #6102 1,088 #6102 2/2
213212 T A 5 4-5-4-12-3-13 FS $895,000 Hanalei Bay Villas #13 1,244 #13 2/2.5

BACK ON THE MARKET
215386 T A 36 4-5-4-6-1-16 FS $945,000 Villas Of Kamalii #16 1,761 #16 3/3

EXPIRED
199242 T X 424 4-5-4-15-21-8 FS $440,000 Sandpiper Village I #108 1,042 #108 2/2
208375 T X 212 4-5-4-5-18-5 FS $515,000 Puamana #2A 1,312 #2A 2/2
199861 T X 412 4-5-4-5-23-60 FS $650,000 Plantation At Princeville #1522 1,318 #1522 3/3
199453 T X 336 4-5-4-12-10-19 FS $650,000 Emmalani Court #322 1,192 #322 2/2
210179 T X 166 4-5-4-5-16-51 FS $875,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2

WITHDRAWN
210770 T W 151 4-5-3-11-1-30 FS $779,000 Villas On The Prince #30 1,732 #30 3/3
210605 T W 158 4-5-3-6-22-22 FS $2,395,000 Kaiulani Of Princeville #22 2,864 #22 3/3.5
191060 T W 595 4-5-4-5-13-4 FS $400,000 Kamahana #4 1,145 #4 2/2
200231 T W 393 4-5-4-12-2-30 FS $515,000 Hale Moi #210 1,033 #210 1/2

PRICE CHANGES
211984 T A 110 4-5-3-6-22-71 FS $835,000- Kaiulani Of Princeville #71 1,901 #71 2/2.5
207393 T A 212 4-5-3-6-22-64 FS $965,000- Kaiulani Of Princeville #64 1,738 #64 2/2.5
206220 T A 244 4-5-3-6-22-67 FS $1,049,000- Kaiulani Of Princeville #67 1,781 #67 2/2.5
196998 T A 481 4-5-4-15-21-43 FS $420,000- Sandpiper Village I #206 1,173 #206 2/2.5
206918 T A 438 4-5-4-5-18-91 FS $425,000- Puamana #25B 1,532 #25B 2/2
211294 T A 137 4-5-4-5-18-34 FS $440,000- Puamana #9C 1,532 #9C 2/2
210699 T A 152 4-5-4-5-24-31 FS $659,000+ Nihilani At Princeville Resort #11A 1,406 #11A 2/2
210698 T A 221 4-5-4-5-24-25 FS $664,000+ Nihilani At Princeville Resort #9A 1,406 #9A 2/2
210700 T A 152 4-5-4-5-24-98 FS $690,000+ Nihilani At Princeville Resort #33B 1,406 #33B 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.

We have 4 listings this week, all of which are new on the market for the first time since their last sale. Plantation 1111 and 622 come on at $580K and $729K respectively. Plantation 1111 last sold for $598,402 in 11/05 while 662 last sold for $710K in 8/05. Ali'i Kai 6102, which was purchased for $140K in 8/98, comes on the market at $839K while Hanalei Bay Villas 13, purchased for $235K in 5/99 enters the MLS at $895K, which is $4K less than Villas #9, recently listed for $899K. Both Villas are new enough that neither have been on Caravan yet, but judging from the pictures, it looks like 9 has a new kitchen with stainless steel appliances and some type of wood flooring throughout the main unit while 13 is tiled throughout. Both appear to be in great condition.

Villas of Kamali'i 16 is back on the market after showing for a day or two as contingent.

There were no sales this week or any units that went into escrow. There were quite a few expirations starting with Sandpiper 108, listed for $440K. This unit last sold on 6/05 for $485K - hard to believe when you look at today's prices! Puamana 2A sold for $450K in 1/05 and expired listed at $515K. Plantation 1522 listed for $650K last sold for $536,066 in 3/06. Emmalani Court 322 sold for $347K in 4/93 and expired listed at $650K. Ali'i Kai 6103 was purchased for $710K in 4/05 and expired listed at $875K.

There were also several units which were withdrawn: Villas on the Prince 30 which sold for $442K in 3/04, followed by Ka'iulani 22 which sold for $1,758,070 in 11/07. Kamahana 4 was also withdrawn, and last sold for $499K in 9/05. Our last withdrawal is Hale Moi 210 with a sales price of $140K in 9/99.

The biggest section of this update is always the price changes, which are all down except for Nihilani's developer's unit. (Ever the optimist)

Three Ka'iulani units reduced this week; 71, 64 and 67, all two bedroom units. #71 sold for $825,990 in 6/08 and reduced from $885K to $835K; #64 sold for $861,070 in 3/08 and reduced from $975K to $965K and finally we have #67 which sold for $895K in 1/08 and reduced from $1.095M to $1.049M. Sandpiper 206, purchased in 11/99 for $114,500 reduced from $460K to $420K, Puamana 25B, with a sales price of $380K in 9/04 went from $470K to $425K, while Puamana 9C, which sold for $175K in 4/02 went from $475K to $440K.

The only price increases were the developer's Nihilani units which are as follows: Nihilani 11A went from $610K to $659K, 9A went from $610K to $664K and 33B went from $630K to $690K. I can't explain why they went up, particularly since they didn't seem to be selling at the lower price plus most all the resales are priced well below these prices...and often include furniture. Well, only time will tell.

Here is your Princeville house update:

Copyright 10/5/2008 by Hawaii Information Service

NEW LISTINGS
214882 RS A 3 4-5-3-12-33 FS $1,795,000 3998 Aloalii Dr 9,823 sqft 3,800 4/4.5
209908 RS A 3 4-5-4-8-45 FS $2,295,000 5063 Kapiolani Lp 22,745 sqft 3,636 4/3.5
209903 RS A 3 4-5-4-8-42 FS $2,495,000 5073 Kapiolani Lp 23,160 sqft 3,693 3/3.5

SALES
200833 RS S 338 4-5-4-16-6 FS $629,500 5035 Emmalani Dr 10,500 sqft 1,599 3/2
SOLD 9/30/2008 for $585,000 (CNV) DOM 338

EXPIRED
204680 RS X 211 4-5-4-19-25 FS $1,295,000 5137 Napo'okala Cir 15,482 sqft 2,288 3/2

PRICE CHANGES
197400 RS A 473 4-5-3-11-46 FS $1,695,000- 4140 Aloalii Dr 18,188 sqft 3,469 3/3
209601 RS A 184 4-5-4-23-55 FS $760,000- 3781 Milimakani Pl 7,187 sqft 1,295 3/2
215193 RS A 42 4-5-4-23-8 FS $777,788- 4838 Ou Pl 8,104 sqft 1,213 3/1.5
213380 RS A 90 4-5-4-24-18 FS $799,000- 4275 Waileia Pl 10,390 sqft 2,044 3/2
215324 RS A 40 4-5-4-9-58 FS $960,000+ 5345 Honoiki Rd 10,005 sqft 2,572 3/3
211122 RS A 149 4-5-4-13-37 FS $1,975,000- 3584 Kaweonui Rd 14,685 sqft 3,500 4/3.5

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

If you need an analysis your property before selling or would like the cold, hard facts before buying, you know who to contact. Have a great week and look for my next blog on my hike to Hanakapi'ai.

Aloha Elaine

Elaine Schaefer (R, GRI, ABR)
Broker in Charge - Princeville Resort Office
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

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