Lihue, HI

Puako Subdivision Weekly Market Update for Tuesday, 3/10/2009

There are no new listings, sales, escrows or price changes to report this week. There are currently two active listings. Click here for more information on the homesite at 4148 Puahala, which is listed at $389,000.

Click here for more information on the home listing for 2505 Kanio Street which is listed at $925,000.

Go to KauaiFineHomes.com and search all Kauai and Hawaii properties for sale in the MLS (Multiple Listing Service).

When i do a search for short sales and foreclosures I check multiple sources. Our MLS has a new feature in the software that was updated on February 7th. I can click on a box marked short sale, or REO, or foreclosure and find the properties that meet these criteria. Problem is, most realtors don't seem to know it's there and how to use it. So, I use several foreclosure databases like RealtyTrac to monitor the pre-foreclosure and foreclosures.

When i search for Lihue, our main town where all the government offices are, and Costco and Home Depot, i find the largest number of foreclosures, over 100. However, most of them are at the Hilton Kauai Beach Resort and the foreclosures are from iStar, the lender whom the developer borrowed from. Out of 350 condotel units, iStar is foreclosing on 140 of them. However, there are more pending foreclosures in this district in other complexes and with single family homes.

If you'd like a list of the pre-foreclosure and foreclosure opportunities in this market, send me an email. I will forward the list of properties to you.

This short sale is right by the river, a great place for boaters, with stunning views of the mountains. Currently listed for 1.399 Million, a great short sale opportunity for a buyer who wants to be by the water in Lihue town, a convenient location for life on Kauai.

Puako Subdivision Weekly Market Update for Wednesday, 2/25/2009

There are currently two active listings. Click here for more information on the homesite at 4148 Puahala, which is listed at $389,000.

Click here for more information on the home listing for 2505 Kanio Street which is listed at $925,000.

Go to KauaiFineHomes.com and search all Kauai and Hawaii properties for sale in the MLS (Multiple Listing Service). There are no new sales or pending sales in Puako as of today, for 2009.

Book your tee time, see a video tour of Lihue, Hawaii's Puakea Golf Course, popular with Kauai Island's resident golfers and visitors.PuakeaGolf.com

More Lihue Golf at Kauai Lagoons with some awesome ocean views, and access to Kauai Marriot Resort & Beach Club info at this link. www.kauailagoonsgolf.com

The 2008 Kauai Board of REALTORS (KBR) Charity Golf Tournament was held at the Kauai Lagoons golf course and I was a volunteer for this event. The 2007 annual KBR golf tournament was held at the Puakea golf course and I played in that one with three other Makai Properties REALTORS. Puakea has some long fairways, especially compared to my favorite 9-hole course, Kukiu'olono in Kalaheo. I won a gift certificate to Joe's on the Green at the Kiahuna Golf Course, but since my win was for "high score" this is why I volunteered and did not play in the 2008 tournament. I love working too much to find time to practice my golf game.

Aloha,

JJ Leininger, RA

KauaiFineHomes.com

Will Grove Farm continue with their plans for reconfiguring the Puakea Golf Course, with a new golf course layout, restaurant, and meeting rooms? Will the Nuhou Street extension(and the next new subdivision) be put off for years now that our Real Estate Boom has subsided? Comment here if you know the anwers, or if you have more questions on the subject.