Princeville, HI

Aloha,

Yes, this update is a day or two short and I'll be a few dollars shorter when I get back from Bora Bora, but I am leaving tomorrow - Friday the 16th and decided I'd rather publish a couple of days shy of week's end than not at all. On to your update.

Copyright 10/15/2009 by Hawaii Information Service

NEW LISTINGS
227553 T A 2 4-5-3-6-22-59 FS $995,000 Kaiulani Of Princeville #59 1,892 #59 2/2.5
227552 T A 2 4-5-3-6-22-70 FS $995,000 Kaiulani Of Princeville #70 1,781 #70 2/2.5
227917 SH A 0 4-5-4-5-39-80 FS $79,000 Cliffs At Princeville #3304 1,137 #3304 2/2
228387 T A 3 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2
228464 T A 1 4-5-4-5-24-76 FS $675,000 Nihilani At Princeville Resort #26A 1,874 #26A 3/2.5

BACK ON THE MARKET
225775 T A 85 4-5-4-5-18-15 FS $525,000 Puamana #4C 1,532 #4C 2/2
214741 T A 366 4-5-4-5-23-66 FS $578,000 Plantation At Princeville #1712 1,153 #1712 2/2

SALES
218646 T S 288 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
SOLD 10/13/2009 for $1,600,000 (CASH) DOM 288

215869 T S 376 4-5-4-5-23-16 FS $449,900 Plantation At Princeville #422 1,318 #422 3/3
SOLD 10/8/2009 for $440,000 (CASH) DOM 376

225806 T S 25 4-5-4-5-24-40 FS $489,900 Nihilani At Princeville Resort #14A 1,874 #14A 3/2.5
SOLD 10/13/2009 for $490,000 (CNV) DOM 25

221842 T S 151 4-5-4-12-3-32 FS $899,000 Hanalei Bay Villas #32 1,248 #32 2/2
SOLD 10/13/2009 for $817,500 (CNV) DOM 151

WITHDRAWN
210902 T W 481 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2
221962 T W 216 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2

PRICE CHANGES
223402 T A 178 4-5-3-11-1-30 FS $679,000- Villas On The Prince #30 1,732 #30 3/3
227816 SH A 27 4-5-4-15-21-28 FS $179,000- Sandpiper Village I #128 1,042 #128 2/2
227819 SH A 27 4-5-4-5-13-2 FS $195,000- Kamahana #2 1,171 #2 2/2
227817 SH A 29 4-5-4-15-21-65 FS $195,000- Sandpiper Village I #228 1,173 #228 2/2.5
226523 T A 70 4-5-4-5-4-5 FS $209,000- Princeville Mauna Kai #5A 1,503 #5A 2/2
196998 T A 856 4-5-4-15-21-43 FS $299,000- Sandpiper Village I #206 1,173 #206 2/2.5
227584 T A 27 4-5-4-15-21-28 FS $379,000- Sandpiper Village I #128 1,042 #128 2/2
227585 T A 29 4-5-4-15-21-65 FS $399,000- Sandpiper Village I #228 1,173 #228 2/2.5
227646 T A 27 4-5-4-5-13-2 FS $439,000- Kamahana #2 1,171 #2 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.

Two developer's Ka'iulani units are back on the market as new listings, unit 59 and unit 70. Unit 59 was previously listed from 4/05 to 12/07 at the pre-construction price of $875K, increasing to $1.075M as construction continued. It was then listed from 2/08 to 9/09 for $995K, the same price it is listed this time. Unit 70, listed at $995K was previously listed from 6/05 to 12/07 starting at the pre-construction price of $825K and increasing to $995K. A 2 month fractional share of Cliffs 3304 is back on the market as a new listing for $79K. Fractional shares were previously listed from 1/07 to 4/07 for $165K after which time it was withdrawn. It was relisted with another agent from 4/07 to 4/09 starting at $150K and reducing to $129K before it expired. Share 6 of this unit is also currently listed for $99K, down from a high of $165K. Share 6 (probably includes Christmas / New Years) has been on the marekt for 881 days.

Puamana 8C is listed twice on this update, once under the withdrawn section showing it was taken off the market on 10/11 and again as a new listing on 10/12. Purchased for $95K as a leasehold in 7/88 and converted to fee simple in 5/00 for $35,700 it comes on the market at $385K. It was previously listed for the month of May in 2008 starting at $644,900 and reducing to $599K before it was withdrawn. From 9/08 to 1/09 it was listed for $499K, expiring at that price. It was then listed from 3/09 to 10/11/09 going from $416,900 to $385K before it was withdrawn and relisted with a new agent on 10/12. Nihilani 26A is a new listing at $675K and was purchased from the developer in 12/06 for $805K. This unit is not a short sale.

Puamana 4C is back on the market after expiring. This unit sold for $487K in 4/07. Plantation 1712 is also returning to the market after expiring whle listed at $578K. It was purchased in 2/08 for $515K.

We've had four sales this week, so far! Ka'iulani 51, a developer's unit, closed at $1.6M with a list price of $1.749M. Just goes to show how flexible developer prices are in this market. Plantation 422 finally closed this week. This bank foreclosure was in escrow once before and fell out but this second time worked like a charm. Purchased in 11/05 for $738K, 422 started out listed at $599,900 and worked its way down $449,900 closing at $440K in a cash transaction. Nihilani 14A, a bank REO very attractively priced at $489,900 closed at $490K. I bet this one generated mulitple offers. This unit sold in 3/06 for $761,450. Hanalei Bay Villas 32, listed for $899K closed at $817,500. This unit was purchased for $950K in 11/05.

Cliffs 1104, purchased for $135K in 3/01, was listed for $275K when withdrawn from the MLS after 481 days on the market. It started at $489K and had one reduction to $275K in 6/09. Puamana 8C was withdrawn with 216 market days. This unit is also under the new listings portion of this update.

Several fractional units as well as the "whole" offerings were reduced this week. First up is Villas on the Prince 30, which went from $699,995 to $679K. This unit sold from the developer for $565K in 3/04. Next is Sandpiper 128, purchased for $490K in 6/05. This fractional share reduced from $198K to $179K. Kamahana 2, purchased for $136K in 11/94 reduced from $250K to $195K for a fractional share. Sandpiper 228 sold for $535K in 6/05 and reduced to $195K to $250K for the fractional share. The full purchase or "whole" price of each of these units also reduced. Sandpiper 128 went from $399K to $379K. Sandpiper 228 went from $439K to $399K while Kamahana went from $459K to $439K. All three units are owned by the same seller. Also reducing is Sandpiper 206 which went from $318K to $299K. This unit sold for $114,500 in 11/99. The bank owned Mauna Kai 5A that came back on the market after I thought it had sold reduced from $219K to $209K. This unit sold for $200K in 8/02 and was taken by the bank in 7/09.

Here is your Princeville home update:

Copyright 10/15/2009 by Hawaii Information Service

NEW LISTINGS
228344 SH A 1 4-5-4-14-30 FS $295,000 3891 Kamehameha Rd 11,262 sqft 3,599 3/3

CONTINGENT SALES
203978 RS C 693 4-5-3-11-41 FS $899,000 4120 Aloalii Dr 9,103 sqft 2,521 3/3.5

WITHDRAWN
206819 RS W 538 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2
217234 RS W 214 4-5-4-19-2 FS $1,475,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.5

PRICE CHANGES
219774 RS A 10 4-5-4-13-65 FS $682,000- 3717 Albert Rd 12,762 sqft 2,377 3/3
223364 RS A 181 4-5-4-20-31 FS $799,000- 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3
224404 RS A 141 4-5-4-14-4 FS $1,065,000- 3792 Keli'i Pl 10,481 sqft 2,523 3/2.5
221404 RS A 235 4-5-4-14-32-5 FS $1,499,000- 3875 Kamehameha Rd #5 10,332 sqft 3,709 6/6

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. I'm off tomorrow for Bora Bora and our overwater bungalow. As I mentioned in my last blog, I decided to treat myself to a trip to Bora Bora for my 60th birthday. Several days after I told my significant other of the plans I'd made, I found he'd made some plans of his own when he proposed to me about two weeks later on the second anniversary of our meeting. Long story short, we are going to Bora Bora on the 16th and getting married at sunset on the beach in a traditional ceremony on my birthday, the 20th, returning the 24th.

If you have questions, I hope they can wait until the 24th as I'd be delighted to answer them at that time. If you are agent wanting to show one of my listings, please check the listing for showing instructions. If you are an agent with an offer on one of my listings, please contact my broker. This is one time in my life that I am going to be pretty much out of communication as Verizon doesn't work in French Polynesia and internet access is slow.

I'll be back with next week's update on Sunday the 25th. Until then, have a wonderful week. I know I will.

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!

Aloha,

Yes, I finally made it to the "new" St. Regis to check it out, and yes, I parked my own car. Thanks to those of you who told me you'd been there and that self park was still alive and well. I can only guess that the day I went the greeter at the entry gazebo had delusions of grandeur when he told me that it was only valet parking because it was "a St. Regis now."

I have to say, I was pleasantly surprised. The hotel has an air of subtle elegance and warmth that I found very peaceful and welcoming. It is very understated and comfortable. The entry vestibule welcomes you with a beautiful orchid arrangment, and opens up to the spa, reception area and sitting areas, highlighted by a fabulous chandelier which is the focal point of the lobby.

Take a look for yourself. Even though it was an overcast day, the hotel and grounds still shone. Here is the view that meets you looking over the bluff towards Bali Hai:
.

Here is the view of the hotel from the parking lot:

The smaller vestibule has an intimate fee which is quite different from the old hotel which immediately opened up to the entire space:

The ornate chandelier is the focal point of the lobby:

Close up of the chandelier:

The living room leads to the lanai and great views:

Here's a close up of the comfortable living room seating:

The view - nothing else need be said:

Now step outside onto the lanai overlooking Hanalei Bay and Bali Hai:

Sit down, relax and enjoy:

As you come back in, you'll see the Spa entrance across the lobby:

As you walk back out to the parking lot, don't forget to stop and admire the white hibiscus:

And if you want to own a condo as close to the new St.Regis as possible, Pu'u Po'a is seen adjacent to the hotel parking lot:

I doubt I would ever have a reason to stay at the hotel, but I will certainly take advantage of the ambiance of the spa and restaurant. I understand shops will be open after the first of the year. Go check it out if you have a chance. You will not be disappointed.

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!

Aloha,

I mentioned going by the new Princeville Hotel this week to take some pictures of the renovations but got no further than the entry gazebo. Seems all "self parking" has been eliminated due to the "St. Regis" status. You used to be able to self park as long as you didn't take any of the valet spots which were the first few rows. Now, there is "complimentary" valet parking ONLY. I have to say I don't believe any valet parking is complimentary and the day I planned to drive in, I had nothing smaller than a $20. Plus, it probably would have taken longer for them to park then run and get my car again than it would have for me to take the pictures I wanted. So I made a u turn around the gazebo and left.

It used to be nice to self park in that lot then stroll along the bluff edge enjoying the ocean below or to walk out to the gazebo which marked the site where the German Anton Georg Scheffer attempted a takeover of Kauai by trying to build a village named after himself. As it turned out, he was run off the Island. Anyhow, I miss the self park aspect but as the gentleman in the gazebo said "It's a St. Regis now...."

I found the St. Regis Princeville Resort website and learned that published room rates start at $525 and go up to $2800 a day. You can get a massage for 60 to 90 minutes starting at $165 to $240 or facial for $170 to $225. Never fear-I'll take pictures another day now that I know the agenda....

On to your update:

Copyright 10/10/2009 by Hawaii Information Service

NEW LISTINGS
228178 T A 3 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
227970 T A 5 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
228362 T A 1 4-5-4-5-17-23 FS $499,000 Alii Kai Ii Hanalei #10G 1,037 #10G 2/2
228294 T A 3 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
228374 T A 1 4-5-4-5-23-55 FS $579,000 Plantation At Princeville #1421 1,318 #1421 3/3
228165 T A 5 4-5-4-12-10-27 FS $595,000 Emmalani Court #415 1,456 #415 2/2
228296 T A 3 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3
227839 T A 5 4-5-4-6-1-18 FS $825,000 Villas Of Kamalii #18 1,825 #18 3/3
228145 T A 5 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2

BACK ON THE MARKET
226523 T A 65 4-5-4-5-4-5 FS $219,000 Princeville Mauna Kai #5A 1,503 #5A 2/2

CONTINGENT SALES
208900 T C 527 4-5-4-5-4-12 FS $525,000 Ka'eo Kai Ph I #2B 2,100 #2B 3/3

UNDER CONTRACT
219219 T U 327 4-5-4-5-30-20 FS $325,000 Princeville Mauna Kai #D302 1,488 ##25 3/2

WITHDRAWN
227490 T W 27 4-5-4-6-1-58 FS $759,000 Villas Of Kamalii #58 1,761 #58 3/3
217023 T W 349 4-5-4-6-1-27 FS $845,000 Villas Of Kamalii #27 1,815 #27 3/3

TEMPORARILY WITHDRAWN
218883 T T 304 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3

PRICE CHANGES
225402 T A 94 4-5-4-5-17-14 FS $497,000- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
210699 T A 520 4-5-4-5-24-31 FS $560,000- Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216921 T A 361 4-5-4-5-23-3 FS $639,000- Plantation At Princeville #121 1,318 #121 3/3
220840 T A 217 4-5-4-6-1-33 FS $849,000- Villas Of Kamalii #33 1,825 #33 3/3

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

Looks like Nihilani is having a sale what with all the units that came on the market this week, starting with 14B. This Hoku unit sold from the developer on 3/06 for $591,102 and is listed well below that price at $475K, undercutting the developer's price of $485K for their Hoku unit, 8B, which is the next new listing. This unit is down from the high of $699,200 when it was listed from 6/07 to 10/07. It was listed after that from 4/08 to 2/09 starting at $665,200 and reducing to $578K before it was withdrawn. Ali'i Kai 10G is back on the market at $499K, having been previously listed from 8/08 to 8/09 starting at $599K and reducing to $499K. It last sold for $129,500 in 6/89. Next up is another developer's Nihilani unit, a Moana floorplan listed at $530K. This price is an adjustment from the last time it was listed from 4/08 to 2/09 when the price tag started at $690K and reduced to $630K during the life of the listing.

Plantation 1421 is not really a new listing but just a brokerage change. When agents change affiliation they typically take their listings with them. It was previously listed from 12/08 to 10/09 for $577,777 and comes back on this time without all the "lucky sevens" at $579K. 1421 last sold for $536,066 in 2/06. Next up is Emmalani Court 415 listed for $595K. It was listed from 9/06 to 12/06 for $875K and from 7/08 to 12/08 for $775K. This unit last sold for $610K in 5/05. We have another price adjustment on a developer's Nihilani, unit 7C which hits the market this time at $650K for their largest model, the one level upstairs "Mahina." 7C was listed from 9/07 to 1/09 starting at $829K and reducing to $754,200 before it was withdrawn from the market. This listing brings the number of Nihilani units on the market to 15 total. Here is the list:

Copyright 10/11/2009 by Hawaii Information Service

225956 T A 31 4-5-4-5-24-56 FS $425,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.5
228178 T A 4 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
210598 T A 515 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
227970 T A 6 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
227263 T A 37 4-5-4-5-24-46 FS $498,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
227872 T A 13 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
226115 T A 363 4-5-4-5-24-50 FS $517,000 Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
228294 T A 4 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
210699 T A 521 4-5-4-5-24-31 FS $560,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216359 T A 379 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2
220974 T A 243 4-5-4-5-24-63 FS $599,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3
227167 T A 44 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort#25B 1,567 #25B 2/2.5
225391 T A 104 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 583 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
228296 T A 4 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3

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

Remember, this is the only complex to offer four different floor plans, two of which had the option of an extra bedroom if selected during construction, so be sure to check the square footage to be sure which floor plan you are viewing. For example, in the list above, 17B shows as a 3 bed/ 2.5 bath but it is a Hoku with the conversion of the family room to a third bedroom and not the standard Makani floor plan. Makani has 1,874 sqft. Next up is Villas of Kamali'i 18, listed for $825K and purchased for $630K in 1/04. The final unit is Pu'u Po'a 103 which was recently withdrawn and is now with a new agent with a new low price of $999K. This unit was listed from 10/06 to 6/07 at $1,899,900 and from 3/09 to 9/09 starting at $1.259M and reducing to $1.179M during the life of the listing. Here are all the Pu'u Po'a's on the market:

Copyright 10/11/2009 by Hawaii Information Service

228145 T A 6 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2
225541 T A 97 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
202256 T A 701 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 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.

For some unknown reason, Mauna Kai 5A is back on the market this week even though it showed as having sold on 9/28/09 for $219K. This unit is a bank foreclosure so maybe there was a problem somewhere that prevented the sale of the unit. I don't know.

Ka'eo Kai 2B finally found a buyer and went into escrow listed at $525K after 527 days on the market. This unit sold for $240K in 4/01. Mauna Kai 25 also went into escrow listed at $325K with 327 market days. This unit sold for $585K in 8/07.

Two Villas of Kamali'i units were withdrawn: units 58, listed for $759K and purchased for $432,155 in 5/03 and unit 27, listed for $845K and purchased for $465 in 11/03. Plantation 1421 shows as temporarily withdrawn prior to being relisted with the new brokerage.

There were only a few price changes this week. Ali'i Kai 9F, purchased for $560K in 9/05 went from $519,900 to $497K. The developer's Nihilani unit 11A adjusted downward from $620K to $560K while Plantation 121, an agent owned unit purchased for $488,993 in 5/05 reduced to $639K from $645K. The final price change is Villas of Kamali'i 33, which went from $879K to $849K. This unit last sold for $649K in 7/04. Now on to your Princeville home update:

Copyright 10/10/2009 by Hawaii Information Service

NEW LISTINGS
219774 RS A 5 4-5-4-13-65 FS $710,000 3717 Albert Rd 12,762 sqft 2,377 3/3
228327 RS A 1 4-5-4-18-5 FS $950,000 4156 Mahina Pl 12,194 sqft 1,668 3/2
228196 RS A 5 4-5-4-10-41 FS $1,495,000 5322 Honoiki Rd 10,146 sqft 2,195 3/2.5

BACK ON THE MARKET
223132 RS A 151 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2

CONTINGENT SALES
206198 RS C 627 4-5-4-17-21 FS $999,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5

SALES
223366 RS S 133 4-5-4-15-1 FS $471,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
SOLD 10/9/2009 for $453,000 (CASH) DOM 133

225957 RS S 10 4-5-4-18-31 FS $695,000 4226 Kina'u Pl 11,078 sqft 3,496 4/5
SOLD 9/29/2009 for $685,000 (CNV) DOM 10

PRICE CHANGES
224862 RS A 102 4-5-4-13-63 FS $679,000- 3737 Albert Rd 10,665 sqft 2,219 3/2
224854 RS A 120 4-5-4-19-19 FS $698,800- 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
218770 RS A 306 4-5-4-16-77 FS $799,000- 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5

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

I have my own update this week which is that I am leaving this Friday 10/16 for a week in an overwater bungalow in Bora Bora. Originally planned as a 60th birthday present to myself it changed in a very wonderful way when my significant other proposed to me on the second anniversay of our meeting. He was open to any type of wedding I wanted, at any time, at any place and I decided to make my birthday getaway our marriage and honeymoon. So - for my 60th birthday on 10/20 I am getting a husband in a ceremony set on the beach at sunset in Bora Bora. We return all too soon mid morninng on Saturday October 24th.

If you have questions about real estate please ask them now, or after the 23rd. If you will be on Island during that time, I'm sorry I will miss seeing you. If you need the services of a real estate agent while you are here, I'm happy to refer you to another agent. Agents - if you call between 10/16 and 10/23 for a showing please check the listing for who to call. I will be checking messages but I will be doing so infrequently as you might imagine. That's all the update for this week.

Have a wonderful week- and I'll see if I can manage to valet park at the hotel and get you some pictures.

Aloha Elaine

Over the water bungalows at Bora Bora Lagoons Resort

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!

Aloha,

I've been enjoying Puhi this past week as we're housesitting / cat sitting for friends that own in Villas of Puali. Our friends are fortune to have a unit down at the end of the road, which makes for a good deal of privacy. What's so great about this complex, and others in the area, is the proximity to Costco, Kukui Grove, WalMart, KMart, the movies and Duke's restaurant and their hula pie. If you've never tried hula pie, bring a friend, sit downstairs outside of the bar and have at it. Hula Pie is to die for if you like ice cream. It's a Duke's trademark dessert - vanilla ice cream on a chocolate cookie crust, liberally covered with whipped cream and drenched in hot fudge. Yes, you will need help eating this as the wedge of pie is more than ample.

Anyhow, I digress. Puhi is a great location, however, as I said the last time I was down here, as much fun as I have running around, I am a North Shore girl at heart and miss my home in just about a week's time, which is how long we are down here housesitting. On to your update:

Copyright 10/4/2009 by Hawaii Information Service

NEW LISTINGS
228175 T A 2 4-5-4-5-18-78 FS $299,000 Puamana #21D 1,532 #21D 2/2
227872 T A 6 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
227937 T A 4 4-5-4-5-16-51 FS $725,000 Alii Kai At Hanalei #6103 1,088 #6103 2/2
226521 T A 2 4-5-4-5-39-178 FS $995,000 Cliffs At Princeville #8204 1,864 #8204 4/4

BACK ON THE MARKET
222343 SH A 199 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3
223828 SH A 139 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
208860 SH A 545 4-5-4-5-23-35 FS $190,000 Plantation At Princeville #921 1,318 #921 3/3
216359 T A 372 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2
215563 T A 203 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2

SALES
222342 SH S 129 4-5-4-5-23-23 FS $150,000 Plantation At Princeville #621 1,318 #621 3/3
SOLD 9/21/2009 for $150,000 (A/S, CASH) DOM 129

226523 T S 53 4-5-4-5-4-5 FS $219,000 Princeville Mauna Kai #5A 1,503 #5A 2/2
SOLD 9/28/2009 for $275,000 (CASH) DOM 53

216008 T S 302 4-5-4-12-11-47 FS $1,500,000 Puu Poa #405 1,800 #405 2/2
SOLD 10/1/2009 for $1,050,000 (CASH) DOM 302

EXPIRED
173568 T X 1,266 4-5-4-5-17-15 FS $380,000 Alii Kai Ii Hanalei #9G 1,037 #9G 2/2
214167 T X 427 4-5-4-12-8-24 LH $449,000 Pali Ke Kua Ii #130 1,100 #130 2/2
216508 T X 358 4-5-4-5-18-38 FS $499,500 Puamana #11A 1,312 #11A 2/2
212901 T X 436 4-5-4-5-16-37 FS $649,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2
216488 T X 363 4-5-4-5-16-50 FS $839,000 Alii Kai At Hanalei #6102 1,088 #6102 2/2

WITHDRAWN
222345 T W 194 4-5-4-12-11-3 FS $1,179,000 Puu Poa #103 1,354 #103 2/2

TEMPORARILY WITHDRAWN
214486 T T 420 4-5-4-5-18-89 FS $325,000 Puamana #24D 1,532 #24D 2/2
218883 T T 296 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3

PRICE CHANGES
224638 T A 116 4-5-3-6-22-76 FS $1,100,000- Kaiulani Of Princeville #76 1,738 #76 2/2.5
225703 T A 86 4-5-4-15-21-34 FS $225,000- Sandpiper Village I #134 1,042 #134 2/2
226124 T A 69 4-5-4-5-3-3 FS $239,000- Princeville Paniolo #103 1,058 #103 1/2
226111 T A 68 4-5-4-15-21-54 FS $354,000- Sandpiper Village I #217 1,173 #217 2/2.5
227263 T A 30 4-5-4-5-24-46 FS $498,000- Nihilani At Princeville Resort #16A 1,406 #16A 2/2
208900 T A 521 4-5-4-5-4-12 FS $525,000+ Ka'eo Kai Ph I #2B 2,100 #2B 3/3
225762 T A 81 4-5-4-5-39-169 FS $615,000- Cliffs At Princeville #7305 1,137 #7305 2/2
216921 T A 355 4-5-4-5-23-3 FS $645,000- Plantation At Princeville #121 1,318 #121 3/3

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

Puamana 21D, listed at the attractive price of $299K is the first new listing. Purchased in 7/90 as a leasehold for $129K and converted to fee simple in 11/00 for $35,700, this short sale is priced well below similar units:

Copyright 10/4/2009 by Hawaii Information Service

228175 T A 2 4-5-4-5-18-78 FS $299,000 Puamana #21D 1,532 #21D 2/2
222149 T A 39 4-5-4-5-18-1 FS $325,000 Puamana #1A 1,312 #1A 2/2
226997 T A 34 4-5-4-5-18-71 FS $369,000 Puamana #20A 1,532 #20A 2/2
225622 T A 88 4-5-4-5-18-39 FS $375,000 Puamana #11B 1,673 #11B 3/3
221962 T A 209 4-5-4-5-18-30 FS $385,000 Puamana #8C 1,532 #8C 2/2
206918 T A 802 4-5-4-5-18-91 FS $385,000 Puamana #25B 1,532 #25B 2/2
218778 T A 303 4-5-4-5-18-60 FS $425,000 Puamana #17A 1,312 #17A 2/2
225775 T A 74 4-5-4-5-18-15 FS $525,000 Puamana #4C 1,532 #4C 2/2
217229 T A 340 4-5-4-5-18-6 FS $549,000 Puamana #2B 1,532 #2B 2/2
191813 T A 957 4-5-4-5-18-21 FS $579,000 Puamana #6B 1,732 #6B 3/2
223620 T A 154 4-5-4-5-18-47 FS $599,000 Puamana #13C 1,532 #13C 2/2
215563 T A 203 4-5-4-5-18-76 FS $599,000 Puamana #21B 1,700 #21B 3/2

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

This unit was briefly listed from 5/06 to 8/06 for $625K. Nihlani 6A, a 3 bedroom 2.5 bath Makani unit is another great listing at $499K. Originally purchased for $770,080 in 2/07, this agent owned unit is also a short sale. Here are all the Makani units currently listed:

Copyright 10/4/2009 by Hawaii Information Service

227872 T A 6 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
225391 T A 97 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 576 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5

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

Ali'i Kai 6103, previously on the market from 4/08 to 9/08 at $875K, is now back listed for $725K. This vacation rental ocean view unit was purchased for $710K in 4/05 leaving the seller with little bargaining room. Cliffs 8204, one of the few 4 bedroom Cliffs units, is listed for $995K and last sold for $135K as a leasehold in 4/87 then converted to fee simple in 7/89 for $33,600. Building 8 is the best building for ocean views and this unit offers views from the two downstairs bedrooms as well as the living area and kitchen upstairs. If you've been looking for a larger unit with water views, this may be it.

Three fractional Plantation shares are back on the market, two of which are for unit 621. They are listed for $150K and $170K while the fractional share of unit 921, also back on the market, is listed at $190K. Puamana 21B, purchased for $70,000 in 4/99 as a leashold and converted to fee simple in 7/00 for $35,700 is also back listed at $599K. This unit was listed before from 11/02 to 8/04 at $488K the whole time.

There were three sales this week, starting with the a fractional Plantation share of unit 621 on 9/21/09 for $150K. Mauna Kai 5A, a bank foreclosure, sold well above the list price of $219K, closing at $275K. This unit sold previously in 8/02 for $200K and was taken back by the bank in 7/09. Also closing this week is Pu'u Po'a 405, listed for $1.5M and selling for $1.050M. Purchased for $430K in 1/00 this unit started out at $1.59M then went as low as $1.295M before jumping back up to $1.5M.

Ali'i Kai 9G, listed for $380K and purchased for $151K in 12/99 expired after a total of 1,266 days on the market. Pali Ke Kua 130, an agent owned leasehold unit listed for $449K, which was purchased for $429K in 3/06 also expired with 427 days under it's belt. Puamana 11a, which last sold for $486,500 in 6/05 expired while listed for $499,500. Two Ali'i Kai units expired -5101 listed for $649K and purchased for $595K in 5/04 and 6102 listed for $839K and purchased for $140K in 8/98.

Pu'u Po'a 103, which sold for $695K in 7/03 was temporarily withdrawn listed at $1.179M. Puamana 24D, purchased for $268K in 9/03 and listed for $325K was withdrawn along with Plantation 1421, which sold for $536,066 in 2/06 and was listed for $557,777.

Price changes, as is often the case, are the biggest catagory starting with Ka'iulani 76, purchased from the developer in 4/07 for $900,570 and reducing this week from $1.2M to $1.1M. Now that what I call a price reduction. Sandpiper 134 reduced from $245K to $225K and last sold for $485K in 7/05. Paniolo 103 tweeked it's price yet again, going from $239,650 to $239K in an effort to stay on the daily update. This unit sold in 7/09 for $184,900. Sandpiper 217 reduced from $391,900 to $354K and last sold for $310K in 2/04. Nihilani 16A, purchased from the developer in 5/06 for $603,600 also tweeked the price, reducing by $1000 from $499K to $498K. Cliffs 7305, a third floor ocean view condo offering one bedroom and a loft bedroom, went from $665K to $615K. This unit was purchased for $242K in 8/00. The final reduction is Plantation 121, an agent owned unit purchased for $488,993 in 5/05. This unit went from $665K to $645K. Now on to your Princeville home update:

Copyright 10/4/2009 by Hawaii Information Service

NEW LISTINGS
227993 RS A 4 4-5-4-18-24 FS $650,000 4679 Emmalani Dr 11,128 sqft 1,861 2/3
227655 RS A 5 4-5-4-16-68 FS $1,295,000 4401 Emmalani Dr 12,937 sqft 2,137 3/2

SALES
222919 RS S 69 4-5-4-17-2 FS $717,500 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5
SOLD 10/1/2009 for $642,000 (CASH) DOM 69

EXPIRED
219338 SH X 282 4-5-4-15-3 FS $329,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
221587 SH X 216 4-5-4-9-49 FS $1,150,000 5289 Pokii Ln 20,868 sqft 3,510 4/4

WITHDRAWN
223501 RS W 154 4-5-4-19-14 FS $1,350,000 5101 Kuhina Pl 20,646 sqft 3,276 4/3.5

PRICE CHANGES
216647 RS A 363 4-5-4-18-17 FS $670,000- 4725 Emmalani Dr 10,248 sqft 1,388 2/2
206198 RS A 621 4-5-4-17-21 FS $999,000- 4914 Emmalani Dr 10,500 sqft 3,238 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.

I've been showing houses from Moloa'a to Haena this past week and want to mention a new listing located in Haena, across from Tunnel's beach with the unbelievable price of $975K. This house sits back on a flag lot so that although the address is on Kuhio Highway, the house is back far enough that road noise is not an issue. It's a great house where all you have to do is walk down the driveway, across the road and there's Tunnels. For those of you unfamiliar with Tunnels, it's a very popular snorkeling beach. If you've been looking for an affordable Haena home that doesn't need all kinds of work, call or email me about this great 2 bedroom 2 bath home that makes Haena living affordable. This house is not a vacation rental and cannot be converted to one if that is your goal. MLS 227671. That's my pick for this week. I have to mention my second pick which is on Kapaka in Princeville Ag: MLS 22786 for $995K. Call or email for details if you want a home on just over an acre that is nicely sized at 1,469 sqft.

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!

Princeville, Kauai Hawaii-Condo Sales Statistics

The market continues to be very slow and prices are declining in Princeville and Hanalei District.

Princeville condo sales statictics. The median sales price for a condominium for the year-to-date through September was below 2006, 2007 & 2008 prices. And the number of sales were below the last 10 years.

If you are thinking of buying, what an opportunity!

Hanalei District Condominiums Year-to-Date Sales (January- September)

Number of Sales Median Sales Price

1998 53 $134,500

1999 100 $134,250

2000 103 $185,000

2001 84 $228,750

2002 144 $357,000

2003 137 $400,000

2004 165 $462,770

2005 177 $550,000

2006 95 $599,900

2007 90 $802,050

2008 65 $825,000

2009 41 $570,950

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

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