Princeville, HI

Aloha,

Activity seems to have slowed this week, perhaps because everyone went home after the 4th. An easy gauge for me of the number of tourists on the Island is the Cliff's parking lot. With two timeshare organizations along with whole ownership in the complex, a full parking lot means the timeshares are going great guns. Not so today, where you have your choice of parking spaces. Here is your update for this week:

Copyright 7/11/2009 by Hawaii Information Service

NEW LISTINGS
225703 T A 1 4-5-4-15-21-34 FS $275,000 Sandpiper Village I #134 1,042 #134 2/2
225622 T A 3 4-5-4-5-18-39 FS $400,000 Puamana #11B 1,673 #11B 3/3
225402 T A 3 4-5-4-5-17-14 FS $565,000 Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
225686 T A 2 4-5-4-5-16-57 FS $675,000 Alii Kai At Hanalei #7202 886 #7202 2/2
225541 T A 5 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2

BACK ON THE MARKET
222340 SH A 15 4-5-4-5-23-23 FS $165,000 Plantation At Princeville #621 1,318 #621 3/3

SALES
222524 T S 59 4-5-4-12-11-53 FS $1,500,000 Puu Poa #411 1,777 #411 2/2
SOLD 7/7/2009 for $1,300,000 (CASH) DOM 59

UNDER CONTRACT
210693 T U 375 4-5-4-5-24-28 FS $650,000 Nihilani At Princeville Resort #10A 1,874 #10A 3/2.5

EXPIRED
222926 T X 91 4-5-4-5-24-66 FS $569,000 Nihilani At Princeville Resort #22C 1,874 #22C 3/2.5

WITHDRAWN
176670 T W 1,064 4-5-4-5-16-57 FS $675,000 Alii Kai At Hanalei #7202 886 #7202 2/2
223902 T W 56 4-5-4-5-16-45 FS $775,000 Alii Kai At Hanalei #5301 1,086 #5301 2/2

TEMPORARILY WITHDRAWN
225032 T T 25 4-5-4-5-30-19 FS $299,000 Princeville Mauna Kai #D301 1,488 #26 3/2
225090 T T 19 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2

PRICE CHANGES
222342 SH A 114 4-5-4-5-23-23 FS $150,000- Plantation At Princeville #621 1,318 #621 3/3
204804 T A 394 4-5-4-5-39-33 FS $230,000- Cliffs At Princeville #2103 917 #2103 1/2
223363 T A 84 4-5-4-5-4-5 FS $259,000- Kaeo Kai Ph I #5A 1,503 #5A 2/2
224707 T A 26 4-5-4-12-2-16 FS $314,000- Hale Moi #116 1,033 #116 1/2
219527 T A 187 4-5-4-15-21-54 FS $399,900- Sandpiper Village I #217 1,173 #217 2/2.5
204020 T A 590 4-5-4-12-2-28 FS $425,000- Hale Moi #208 1,033 #208 2/2
214167 T A 346 4-5-4-12-8-24 LH $449,000- Pali Ke Kua Ii #130 1,100 #130 2/2
213707 T A 826 4-5-4-5-16-41 FS $599,000- Alii Kai At Hanalei #5201 1,086 #5201 2/2
218777 T A 214 4-5-4-11-3-29 FS $829,000- Hanalei Bay Resort #H23 1,324 #5207-8 (H23) 2/2
225032 T T 25 4-5-4-5-30-19 FS $299,000- Princeville Mauna Kai #D301 1,488 #26 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.

Sandpiper 134 is a "renewed" listing at a nice low price of $275K. A short sale, this unit sold for $485K in 7/05 and was previously listed from 1/07 to 7/07, starting at $575K and reducing to $550K and again from 11/07 to 11/08 when it was listed for $535K for the entire year with no reductions.

Puamana 11B, purchased for $445,500 in 9/07 is a new listing at $400K. This is one of the original 3 bedroom units and not one that was created by extending the loft area of a 2 bedroom unit. Plenty of room here. Ali'i Kai 9F, listed at $565K, was purchased for $560K in 9/05. Ali'i Kai 7202 is back as a new listing again. This unit sold for $115K in 1/88 and was listed most recently from 4/06 to 7/09, starting at $925K and reducing to $675K before it was withdrawn with 1065 market days.

Pu'u Po'a 404, listed at $1.095M is the last new listing this week. It was purchased for $325K in 7/91 and was previously listed for $1.675M in 10/07 but reduced to $1.450M before it was withdrawn in 3/08. It came back on the market from 7/08 to 11/08 listed at $1.475M before it was again withdrawn. Since that time, the seller did extensive renovating to include new cherry kitchen and bathroom cabinetry, new Silestone countertops in the kitchen, the cottage cheese ceiling was removed, refinished and painted along witht he rest of the unit then new fans, water heater, light switches, plumbing supply lines and turn off values were installed. After doing all the work to improve the unit, it was reduced to the current price of $1.095M. This top floor unit offers endless ocean views from throughout the unit and a view of the pool and Bali Hai from the lanai. You'll see further down in this report that another top floor unit just closed at $1.3M which should tell you what a great opportunity this property represents.

A fractional share of Plantation 621 is back on the market after going under contracct on 4/2/09. Unfortunately, it apparently fell out and is back on the market along with the 5 other fractional shares which range in price from $150K to $170K. The only sale this week is Pu'u Po'a 411, an extensively remodeled top floor unit that originally sold for $320K in 6/97. Listed for $1.5M it closed at $1.3M netting its owner a nice profit.

The developer's Nihilani 10A moved closer to closing as it went from contigent to under contract. Previously listed at an unrealistic $765K this unit was reduced to $650K on 5/29 when it went into escrow and will undoubtedly close at that price in the next week or two.

A resale Nihilani, unit 22C which sold for $848,956 on 11/06, expired as a short sale listed at $569K. Also coming off the market are two Ali'i Kai units that were withdrawn, although one, Ali'i Kai 7202 was withdrawn so it could come back on the market as a new listing with zero market days. This unit is agent owned. Alii Kai 5301, purchased for $977K in 4/07 and listed for $775K with also withdrawn. Mauna Kai 26 which sold for $525K in 10/06 was temporarily withdrawn while listed as a short sale for $299K. This unit originally came on the market in 4/07 at $619K and reduced to $525K before expiring a year later in 4/08. This last time, unit 26 started out at $399K, and was just reduced to $299K, as you'll see under price changes, when the sellers apparently changed their minds and took it off the market. Puamana 14B, a foreclosure, was temporarily withdrawn while listed for $390K. This unit sold for $625K in 3/06.

As we saw under new listings, the fractional portion of Plantation 621 reduced from $165K to $150K. Cliffs 2103, a short sale which sold for $50K as a leasehold in 12/98 then converted to fee simple in 6/03 for $63K, reduced from $260K to $230K. Ka'eo Kai 5A, purchased for $200K in 8/02 reduced from $270K to $259K as a foreclosure. Hale Moi 116, a short sale which sold for $459K in 10/04 reduced from $339K to $314K. Sandpiper 217, reduced from $429K to $399K and sold for $310K in 2/04. Hale Moi 208 reduced from $495K to $425K leaving it well above unit 216 at $345K and 116 at $314K. This unit sold for $215K on 11/01. Pali Ke Kua 130, a leasehold unit which is offered with 5 years of paid leasehold fees when you purchase it, reduced from $499K to $449K and sold for $429K in 3/06. This unit is also agent owned. Ali'i Kai 5201, a short sale, reduced from $650K to $599K and sold for $875K in 8/05. It has been on the market 826 days. Hanalei Bay Resort 5207-08, which was purchased for $950K iin 9/05 reduced from $895K to $829K. Our final reduction is the short sale Mauna Kai unit 26 that went from $399K to $299K before withdrawing from the market.

Now on to your Princeville house update:

EXPIRED
213380 RS X 365 4-5-4-24-18 FS $799,000 4275 Waileia Pl 10,390 sqft 2,044 3/2

PRICE CHANGES
223366 RS A 85 4-5-4-15-1 FS $486,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
224336 RS A 50 4-5-4-23-38 FS $545,000+ 3812 Iluna Pl 6,895 sqft 1,310 3/2
225252 RS A 16 4-5-4-21-10 FS $919,000- 3836 Kaweonui Rd 10,018 sqft 2,016 3/3
218770 RS A 215 4-5-4-16-77 FS $925,000- 4117 Kekaulike Ln 10,650 sqft 2,878 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.

As you can see, there was very little activity as far as residential sales go. That's it for this week's update. Please call or email for the facts before you make a move. Get the facts.

Aloha Elaine

Albatross at the Cliffs from earlier this year.

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,

And Happy Fourth of July weekend. I hope all of you had weather that was as perfect as it was here in Paradise- bright blue skies and great trades. The fireworks were certainly enhanced having the moon as the backdrop. What fun. The market seemed busy this weekend as I had several showings. Hopefully we'll see some units going into escrow soon. Here is your update:

Copyright 7/5/2009 by Hawaii Information Service

NEW LISTINGS
225391 T A 6 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5

BACK ON THE MARKET
204622 T A 561 4-5-4-12-8-28 FS $599,000 Pali Ke Kua Ii #232 993 #232 2/2
210501 T A 333 4-5-4-5-7-34 FS $749,000 Princeville Sealodge #D5 570 #D5 1/1

CONTINGENT SALES
221121 T C 143 4-5-4-5-3-3 FS $209,900 Princeville Paniolo #103 1,058 #103 1/2
215869 T C 296 4-5-4-5-23-16 FS $469,900 Plantation At Princeville #422 1,318 #422 3/3

SALES
210611 T S 239 4-5-4-5-24-33 FS $675,000 Nihilani At Princeville Resort #11C 1,972 #11C 3/3
SOLD 6/26/2009 for $675,000 (CNV) DOM 239

EXPIRED
215271 T X 309 4-5-3-6-22-48 FS $1,799,000 Kaiulani Of Princeville #48 2,479 #48 3/3
214168 T X 306 4-5-4-11-3-121 FS $550,000 Hanalei Bay Resort #T35 867 #2309-10 1/2

PRICE CHANGES
210027 T A 456 4-5-4-5-30-6 FS $340,000- Princeville Mauna Kai #F6 1,400 #5 3/2
221307 T A 131 4-5-4-5-18-86 FS $370,000- Puamana #24A 1,312 #24A 2/2
210611 T S 239 4-5-4-5-24-33 FS $675,000- Nihilani At Princeville Resort #11C 1,972 #11C 3/3
SOLD 6/26/2009 for $675,000 (CNV) DOM 239

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

Again, like last week, I'm happy to see only one new listing this week. As you saw from the update, we had two go into escrow and one sale. Having two escrows for every new listing is one good way to ease our over abundance of inventory woes. Nihilani 1B, listed for $639K as a short sale is the only listing this week. It's nicely upgraded with coconut wood floors, cherry cabinets and stainless steel appliances. This seller paid $912,788 for the unit is 3/07. With prices where they are now, it's hard to imagine paying that much but that's the nature of real estate - up and down!

Pali Ke Kua 232 is back on the market after expiring listed at $599K. This is a short sale that was purchased for $650K in 9/04. Also back on the market is Sealodge D5, which sold for $525K in 12/04.

Two properties went into escrow, starting with Paniolo 103, listed at a very attractive $209,900 and purchased for $410K in 4/03. This unit went to the bank in 1/09 and is a foreclosure. This unit started out priced at $260K and initially went into escrow on 3/31, coming back onto the market on 4/27. Hopefully it will close this time. Also finally going into escrow is Plantation 422, another REO originally purchased for $738K in 2/08 and listed for $469,900. Plantation hit the market at $599,900 and just kept reducing until it finally found a buyer. Even though it's been stripped of all appliances, this still looks like a good buy.

Brookfield continues to chip away at their developer's inventory with the sale of yet another unit, #11C which is their Mahina floor plan. If you've been to Nihilani recently, this unit was the one being used as the showroom. You'll now find them downstairs in 11A, a 2 bedroom, 2 bath Moana floor plan listed for $620K. 11C, which is their largest model, closed at $675K. You'll also see this unit under price changes as it was previously unrealistically listed at $799,200 before being adjusted downward to reflect current market conditions.

Ka'iulani 48, purchased for $1,502,610 and optimistically listed for $1.799M expired after 309 market days. This unit started out at $1.9M in 1/08 reducing to $1.799M before it was withdrawn in 8/08. It came back on the market the same month at the same price which is where it stayed the entire 306 days it was listed. It's pretty apparent this unit is not going to sell for that price in this market.

Hanalei Bay Resort 2309/10 purchased for only $125K in 11/84 expired after 306 days. This unit started out at $650K in 8/08, and made one price reduction to the present list price of $550K in 12/08. If you want to sell in today's market, and you're serious about doing so, you must be prepared to reduce and reduce again if after ample market exposure, you're unit has not attracted any attention. Either that, or you may prefer to withdraw your property and wait for the market to turn.

Price changes are next, starting with Mauna Kai 5, which reduced from $350K to $340K as a short sale. Purchased in 11/04 for $431,650, this condo started out at $499K in 4/08 and has made several price reduction over the last 456 days. Puamana 24A, purchased for $605K in 12/05 reduced from $385K to $370K. The last price reduction is the developer's Nihilani 11C that corrected from $799,200 to $675K as it sold.

Now onto your Princeville home update. I happy to report we have no new listings and only two that came back on the market.

Copyright 7/5/2009 by Hawaii Information Service

BACK ON THE MARKET
223822 RS A 62 4-5-4-13-6 FS $646,050 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
217234 RS A 115 4-5-4-19-2 FS $1,475,000 5074 Napookala Cir 23,703 sqft 3,138 4/3.5

EXPIRED
189321 RS X 902 4-5-4-20-33 FS $1,150,000 3975 Punahele Rd 9,979 sqft 1,960 3/2.5
206177 RS X 528 4-5-4-9-55 FS $1,250,000 5331 Honoiki Rd 10,689 sqft 2,554 3/3

PRICE CHANGES
222647 RS A 97 4-5-4-16-18 FS $729,000- 4060 Kaa'humanu Pl 11,792 sqft 2,364 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.

Have a great week and don't forget to call or email before you buy or sell so you have your facts straight!

Aloha Elaine

PMRF fireworks with the moon behind.

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,

Can't believe it's almost the fourth of July! Time certainly flys when there's so much to do and so little time to do it. I enjoyed a week in Puhi house / cat sitting for friends at their Villas of Puali condo. Although technically a condo, these units are configured as duplexes and are more like a house, complete with a two car garage, and a 3 bedroom 2.5 bath 2 story residence. There's also a single story model with 3 bedrooms and 2 baths that is quite nice. There are several on the market ranging from $394K to $420K. My friends were fortunate enough to get the second last condo on the street. It's very quiet down there, they have great mountains views and even a peek of the ocean from upstairs. Location in key in this complex as some of the condos on the cul de sacs tend to look out towards one another leaving you with the feeling of living in a fish bowl.

One of the nicer ones is the single story unit with 3 beds/ 2 baths for $394K. It's beautifully upgraded with trayed ceilings, porcelain tile throughout the entire unit, and granite countertops in both bathrooms. If you're interested in a more central living situation, I like the "Villas." I had my car serviced when I was there, had a follow up eye doctor appt and went to Costco to buy dinner (their rotisserie chickens are the best on the Island) none of which took more than 5 minutes to get to my destination. And when I had to drop a car off at the airport for my incoming friends, I drove there, dropped it off and took the bus back to Kukui Grove and walked home. No problem.

You can't beat it for convenience but anyone who knows me knows I'm a North Shore girl and I'm happyt to be back at home at my computer with my ocean views and wonderful trades. On to your update:

Copyright 6/28/2009 by Hawaii Information Service

NEW LISTINGS
225138 T A 5 4-5-3-6-22-40 FS $1,825,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5

BACK ON THE MARKET
209061 T A 432 4-5-4-12-2-6 FS $450,000 Hale Moi #106 1,033 #106 2/2

CONTINGENT SALES
209244 T C 454 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5
223488 T C 66 4-5-4-15-21-30 FS $349,000 Sandpiper Village I #130 1,042 #130 2/2

SALES
210999 T S 355 4-5-4-12-10-42 FS $499,000 Emmalani Court #525 1,456 #525 2/2
SOLD 6/25/2009 for $475,000 (CNV) DOM 355

EXPIRED
219363 T X 180 4-5-4-5-18-68 FS $449,000 Puamana #19B 1,660 #19B 3/2

WITHDRAWN
211530 T W 145 4-5-4-12-11-24 FS $1,795,000 Puu Poa #210 1,700 #210 2/2

PRICE CHANGES
214620 T A 320 4-5-3-6-22-39 FS $1,250,000- Kaiulani Of Princeville #39 2,479 #39 3/3
222233 T A 23 4-5-4-5-39-45 FS $265,000- Cliffs At Princeville #2205 917 #2205 1/2
224707 T A 13 4-5-4-12-2-16 FS $339,000- Hale Moi #116 1,033 #116 1/2
221962 T A 111 4-5-4-5-18-30 FS $385,000- Puamana #8C 1,532 #8C 2/2
220097 T A 162 4-5-4-5-13-3 FS $424,000- Kamahana #3 1,732 #3 2/2
218778 T A 205 4-5-4-5-18-60 FS $425,000- Puamana #17A 1,312 #17A 2/2
220368 T A 151 4-5-4-5-39-42 FS $445,000- Cliffs At Princeville #2202 917 #2202 1/2
215869 T A 289 4-5-4-5-23-16 FS $469,900- Plantation At Princeville #422 1,318 #422 3/3
218310 T A 160 4-5-4-12-5-9 FS $799,000- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1

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

As you can see, there's only one new listing this week, which to me, is good news, given the number of listings currently on the market. 153 to be exact, not including the fractional offerings. Ka'iulani 40 is new on the market listed at $1.825K after being purchased for $1,772,090 on 2/07. This unit joins the other 22 units currently available in Ka'iulani. Take a look:

Copyright 6/28/2009 by Hawaii Information Service

221046 T A 107 4-5-3-6-22-64 FS $900,000 Kaiulani Of Princeville #64 1,738 #64 2/2.5
212581 T A 376 4-5-3-6-22-61 FS $975,000 Kaiulani Of Princeville #61 1,738 #61 2/2.5
207166 T A 507 4-5-3-6-22-59 FS $995,000 Kaiulani Of Princeville #59 1,892 #59 2/2.5
206788 T A 507 4-5-3-6-22-70 FS $995,000 Kaiulani Of Princeville #70 1,781 #70 2/2.5
206220 T A 510 4-5-3-6-22-67 FS $1,049,000 Kaiulani Of Princeville #67 1,781 #67 2/2.5
224638 T A 18 4-5-3-6-22-76 FS $1,200,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
214620 T A 320 4-5-3-6-22-39 FS $1,250,000 Kaiulani Of Princeville #39 2,479 #39 3/3
218646 T A 208 4-5-3-6-22-51 FS $1,749,000 Kaiulani Of Princeville #51 2,443 #51 3/3.5
218650 T A 208 4-5-3-6-22-52 FS $1,749,000 Kaiulani Of Princeville #52 2,479 #52 3/3
217907 T A 216 4-5-3-6-22-27 FS $1,795,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5
215271 T A 307 4-5-3-6-22-48 FS $1,799,000 Kaiulani Of Princeville #48 2,479 #48 3/3
225138 T A 5 4-5-3-6-22-40 FS $1,825,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5
221745 T A 107 4-5-3-6-22-29 FS $1,975,000 Kaiulani Of Princeville #29 2,864 #29 3/3.5
218644 T A 208 4-5-3-6-22-11 FS $1,995,000 Kaiulani Of Princeville #11 2,864 #11 3/3.5
207615 T A 483 4-5-3-6-22-9 FS $2,100,000 Kaiulani Of Princeville #9 2,864 #9 3/3.5
210971 T A 226 4-5-3-6-22-10 FS $2,150,000 Kaiulani Of Princeville #10 2,864 #10 3/3.5
214648 T A 325 4-5-3-6-22-2 FS $2,195,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5
217582 T A 233 4-5-3-6-22-18 FS $2,349,000 Kaiulani Of Princeville #18 2,864 #18 3/3.5
221506 T A 91 4-5-3-6-22-17 FS $2,399,000 Kaiulani Of Princeville #17 2,864 #17 3/3.5
219806 T A 170 4-5-3-6-22-6 FS $2,465,000 Kaiulani Of Princeville #6 2,861 #6 3/3.5
220019 T A 132 4-5-3-6-22-20 FS $2,650,000 Kaiulani Of Princeville #20 2,864 #20 3/3.5
221617 T A 92 4-5-3-6-22-16 FS $3,100,000 Kaiulani Of Princeville #16 2,843 #16 3/3.5

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

Hale Moi 106, which sold for $485K in 10/05 is back on the market at $450K after expiring. It has been on the market 432 days and is priced well above other units, as you'll see later in this report. We have two new escrows this week, starting with Ka'iulani 63 listed at $894K which is well below the $975K it sold for from the developer in 3/08. This property is agent owned and listed. Sandpiper 130, listed at $349K also went into escrow. This unit last sold for $238K in 6/03. Nice to see some more escrows open up.

Emmalani Court 525 sold for $475K with a list price of $499K. This unit sold for $400K in 1/03 and started out at $675K when it was first listed.

Puamana 19B, another agent owned and listed unit, which was purchased for $325K in 10/03 expired after 180 market days with a list price of $449K. Pu'u Po'a 210, listed for $1.795M was withdrawn after 145 market days. This unit last sold for $338K in 5/99.

Price changes are the last item of interest, starting with Ka'iulani 39 which reduced from $1.35M to $1.25M. This unit sold for $1,503,600 from the developer in 3/07. Cliffs 2205, purchased for $425K in 10/06 reduced from $275K to $265K and is a short sale. Hale Moi 116, purchased for $459K in 10/04 is a short sale which reduced from $369K to $339K. This unit is just slightly less than the upstairs unit, 216, which has been totally remodeled and is listed for a competative $345K. Although 116 advertises the ability to expand with a loft bedroom, I have never seen a loft in the downstairs units...only in the upstairs units. 216 does have a loft in the living area which has been used as the bedroom by the recent tenant. You may recall, 216 is my listed and at $345K, is not a short sale.

Next up is Puamana 8C which reduced from $399,900 to $385K. This seller has plenty of room as the unit was purchased in 7/88 as a leasehold for $95K and converted to fee simple in 5/00 for $35,700. Kamahana 3, purchased for $180,500 in 4/99 reduced from $442K to $424K. Puamana 17A, which last sold for $320K in 3/04 reduced from $435K to $425K. Cliffs 2202, purchased for $107K as a leashold in 5/88 and converted to fee simple for $20,500 in 11/91, reduced from $495K to $445K. Plantation 422, a bank foreclosure, took another price reduction down to $469,900 from $499K. This unit sold for $738K in 11/05 and was taken over by the bank on 6/08. Our last reduction is good old Pali Ke Kua 109 which continues its very slow price decline with another $500 reduction down to $799K. That's it for this month. Now on to your Princeville home update:

Copyright 6/28/2009 by Hawaii Information Service

NEW LISTINGS
224862 RS A 4 4-5-4-13-63 FS $650,000 3737 Albert Rd 10,665 sqft 2,219 3/2
225252 RS A 3 4-5-4-21-10 FS $989,000 3836 Kaweonui Rd 10,018 sqft 2,016 3/3

BACK ON THE MARKET
222745 RS A 89 4-5-4-23-35 FS $647,000 3793 Moae Pl 6,386 sqft 1,651 3/2

WITHDRAWN
214432 RS W 320 4-5-4-21-5 FS $998,000 3722 Albert Rd 13,401 sqft 2,218 3/2
225130 RS W 5 4-5-4-15-3 FS $1,395,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5

PRICE CHANGES
224336 RS A 37 4-5-4-23-38 FS $540,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
220147 RS A 151 4-5-4-22-10 FS $675,000- 4030 Kawaiala 10,614 sqft 1,710 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.

Saturday was Military Appreciation Day, an event sponsored in part by the Sons of Hawaii Motorcycle Club, and Kauai Harley Davisdson. One of the events is a motorcycle ride that starts at the Puhi Harley Davidson store, then proceeds out to the Veteran's Cemetary in Hanapepe before returning to the store and numerous events in the field behind the store. This year about 85 to 90 motorcycle riders came out for the ride and ensuing activities. It was great fun for a wonderful cause filled with camaraderie. The rally is $20 and all funds go directly to support families of Kauai armed forces personnel who are deployed to stations overseas. If you are here around this same time next year, check with the Puhi Harley Davidson store for details. Rent and Harley and join the ride.

If you want to start your 4th of July celebration early, Captain Aaron Cudnohufsky, commanding officer of PMRF invited the public to come out to the base on Thursday, July 2nd starting at 2 PM to enjoy the day which will culminate with fireworks in the evening. We went last year and enjoyed the displays, the food, all the people, and especially the fireworks. Enjoy your long weekend! Don't hesitate to call or email for the facts anytime - before you buy or sell!

Aloha Elaine

Even on cloudy days the mountains are magnificent!

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,

Happy Father's Day to all of you dads out there. Hope you are enjoying your day! I spent part of the week over in Oahu enjoying the "Big City" and all it's shopping, restaurants and movies. I never rent a car but instead enjoy walking from one end of Waikiki to the theatres at the Ward Center. Makes for a nice relaxing time away. Now on to your update:

Copyright 6/21/2009 by Hawaii Information Service

NEW LISTINGS
224707 T A 6 4-5-4-12-2-16 FS $369,000 Hale Moi #116 1,033 #116 1/2
225090 T A 3 4-5-4-5-18-50 FS $390,000 Puamana #14B 1,532 #14B 2/2
225032 T A 5 4-5-4-5-30-19 FS $399,000 Princeville Mauna Kai #D301 1,488 #26 3/2
224986 T A 5 4-5-4-5-39-72 FS $439,000 Cliffs At Princeville #3204 917 #3204 1/2
204435 T S -36 4-5-4-12-10-41 FS $519,000 Emmalani Court #524 1,192 #524 2/2
SOLD 6/19/2009 for $380,000 (CASH) DOM -36

BACK ON THE MARKET
210902 T A 368 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2

CONTINGENT SALES
223314 T C 64 4-5-4-6-1-44 FS $678,999 Villas Of Kamalii #44 1,825 #44 3/3
SALES
220884 T S 68 4-5-3-11-1-27 FS $750,000 Villas On The Prince #27 1,732 #27 3/3
SOLD 6/16/2009 for $700,000 (CASH) DOM 68

222629 T S 24 4-5-4-12-10-22 FS $425,000 Emmalani Court #325 1,456 #325 2/2
SOLD 6/17/2009 for $390,000 (CNV) DOM 24

204435 T S -36 4-5-4-12-10-41 FS $519,000 Emmalani Court #524 1,192 #524 2/2
SOLD 6/19/2009 for $380,000 (CASH) DOM -36

UNDER CONTRACT
210999 T U 355 4-5-4-12-10-42 FS $499,000 Emmalani Court #525 1,456 #525 2/2

EXPIRED
209061 T X 429 4-5-4-12-2-6 FS $450,000 Hale Moi #106 1,033 #106 2/2
188728 T X 861 4-5-4-5-39-55 FS $569,000 Cliffs At Princeville #2305 1,137 #2305 2/2

PRICE CHANGES
210902 T A 368 4-5-4-5-39-4 FS $275,000- Cliffs At Princeville #1104 917 #1104 1/2
221360 T A 115 4-5-4-12-2-36 FS $345,000- Hale Moi #216 1,033 #216 2/2
186493 T A 968 4-5-4-5-17-55 FS $399,000- Alii Kai Ii Hanalei #14G 1,037 #14G 2/2
222635 T A 44 4-5-4-5-12-19 FS $399,999+ Sealodge Ii #H1 556 #H1 1/1
219219 T A 221 4-5-4-5-30-20 FS $494,500- Princeville Mauna Kai #D302 1,488 ##25 3/2
218310 T A 153 4-5-4-12-5-9 FS $812,000- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
223314 T C 64 4-5-4-6-1-44 FS $678,999- Villas Of Kamalii #44 1,825 #44 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.

It's good to see some activity this past week with as many condos going into escrow and/or selling as there were new ones on the market. Usually it's a pretty lopsided effort with new condos coming on the market every week and very few sales to offset the growning inventory. Having said that, of the 5 new listings this week, all but one are either a short sale or foreclosure. Hale Moi 116, listed for $369K and purchased for $459K in 10/04 is a short sale. This unit was previously listed from 2/06 to 6/06, with a list price of $649K which reduced to $627K before it came off the market. It was listed a second time from 3/07 to 3/08, starting at $599K and reducing to $525K and again from 4/08 to 4/09 with a price of $499,500 which reduced to $419K before it was withdrawn. Hopefully it can sell prior to a foreclosure. Puamana 14B is a bank foreclosure listed at $390K. This unit sold for $625K in 3/06. Mauna Kai 26, purchased for $535K in 10/06 is back on the market as a short sale for $399K. This unit was previously listed from 4/08 to 4/09 starting at $619K and reducing to $525K when it came off the market.

Cliffs 3204 has the distinction of being the only new listing this week that is not in some type of financial distress. Listed at $439K and purchased for $380K in 1/08, this seller is fightng an uphill battle to capture a gain on the unit especially when competing with units priced at $260K and $2745K. Here are all the Cliffs unit currently on the market:

Copyright 6/21/2009 by Hawaii Information Service

204804 T A 374 4-5-4-5-39-33 FS $260,000 Cliffs At Princeville #2103 917 #2103 1/2
210902 T A 368 4-5-4-5-39-4 FS $275,000 Cliffs At Princeville #1104 917 #1104 1/2
207634 T A 486 4-5-4-5-39-16 FS $275,000 Cliffs At Princeville #1206 917 #1206 1/2
222233 T A 16 4-5-4-5-39-45 FS $275,000 Cliffs At Princeville #2205 917 #2205 1/2
224986 T A 5 4-5-4-5-39-72 FS $439,000 Cliffs At Princeville #3204 917 #3204 1/2
220368 T A 144 4-5-4-5-39-42 FS $495,000 Cliffs At Princeville #2202 917 #2202 1/2
208369 T A 472 4-5-4-5-39-127 FS $525,000 Cliffs At Princeville #5205 917 #5205 1/2
222323 T A 90 4-5-4-5-39-191 FS $685,000 Cliffs At Princeville #9201 963 #9201 1/2
224581 T A 10 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2
222351 T A 88 4-5-4-5-39-138 FS $750,000 Cliffs At Princeville #5308 1,186 #5308 2/2
183879 T A 1,025 4-5-4-5-39-163 FS $799,000 Cliffs At Princeville #7205 917 #7205 1/2
213606 T A 341 4-5-4-5-39-198 FS $875,000 Cliffs At Princeville #9302 1,231 #9-302 2/2
224660 T A 375 4-5-4-5-39-175 FS $995,000 Cliffs At Princeville #8201 963 #8201 1/2

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

Emmalani Court 524 was purchased for $700K in 7/07, listed for $519K as a short sale and closed for $380K. I don't know why this unit is showing up as a new listing with -36 days on the market. It actually came on the market back in 12/07 at $789K and just kept reducing over the years until it became a short sale with a sale price of $380K. You'll also see this unit listed under the sales portion of this report.

Cliffs 1104, purchased for $135K in 3/01 is back on the market after expiring while listed at $489K. It is now listed at $275K and will be seen again under the price changes portion of this report.

Villas of Kamalii 44 finally went into escrow as a foreclosure listed at $678,999. The price changed this week from $679K to $678,999 and is also under the price changes. This unit was listed at least 4 or 5 time before at an effort to sell but was always in the $800K to $900K price range. It sold for $739K in 5/05 and was taken by the bank in 6/09.

Several units closed this week, starting with Villas on the Prince 27 which was purchased for $525K in 12/03, was listed for $750K and sold for $700K. Yippee, someone sold for more than they paid! Emmalani Court 325 closed for $390K yielding it's seller no profit as it was purchased in 4/93 for $387K. The last sale is Emmalani Court 524 which was discussed under new listings.

It's obviously a good week for Emmalani Court - Unit 525 moved from contingent to under contract status which means all contingencies have been removed and it is set to close. We should see this unit, which was purchased for $400K in 1/03 closing within the next week or two.

Hale Moi 106, listed at $450K and purchased for $485K in 10/05 expired after 429 market days. It started out at $524K but was apparently always a step or two behind the market. Cliffs 2305, which last sold for $680K in 6/06 expired while listed at $569K after 861 days on the market. This unit started at $689,500 but never reduced enough over the years to be competative.

As for price changes, first up is Cliffs 1104 which was discussed under the Back on the Market portion of this update. Hale Moi 216, purchased for $460K in 3/05 reduced from $395K to $345K. Depsite the original purchase price, this is not a short sale or a bank REO and it presents a great opportunity to purchase a completely update condo without all the short sale hassle. Ali'i Kai 14G, purchased for $583K in 8/05 reduced from $449K to $399K. Sealodge H1 made a price adjustment possibly to reflect a more desirable number, going from $399K to $399,999. Maybe all those "9's" in the list price will bring in a buyer. This unit sold for $560K in 8/05. Mauna Kai 25 last sold for $585K in 8/07 and reduced this week from $524,500 to $494,500. Pali Ke Kua 109 is still reducing by $500 a day and is now at $812K. Villas of Kamali'i 44 was discussed under the Contingent Sales portion of this update.

Now on to your Princeville home update:

Copyright 6/21/2009 by Hawaii Information Service

NEW LISTINGS
225024 RS A 2 4-5-4-13-66 FS $1,350,000 3705 Albert Rd 10,586 sqft 2,010 4/3
225130 RS A 3 4-5-4-15-3 FS $1,395,000 3979 Kamehameha Rd 10,772 sqft 3,558 5/3.5
225087 RS A 3 4-5-4-14-26 FS $1,625,000 3925 Kamehameha Rd 20,093 sqft 3,925 4/3.5

BACK ON THE MARKET
220531 RS A 134 4-5-4-13-44 FS $880,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2

CONTINGENT SALES
223822 RS C 48 4-5-4-13-6 FS $646,050 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
222745 RS C 82 4-5-4-23-35 FS $647,000 3793 Moae Pl 6,386 sqft 1,651 3/2

WITHDRAWN
215837 RS W 281 4-5-3-12-11 FS $1,595,000 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5

PRICE CHANGES
203978 RS A 577 4-5-3-11-41 FS $975,000- 4120 Aloalii Dr 9,103 sqft 2,521 3/3.5
223366 RS A 65 4-5-4-15-1 FS $499,900- 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
224336 RS A 30 4-5-4-23-38 FS $544,000- 3812 Iluna Pl 6,895 sqft 1,310 3/2
220531 RS A 134 4-5-4-13-44 FS $880,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
206198 RS A 516 4-5-4-17-21 FS $1,095,000- 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.

That's it for now. I'm in Puhi house / cat sitting for friends this week and enjoying all that the Lihue area has to offer. Yesterday we took their kayak and put in at the Nawiliwili small boat harbor and went up to the end of the river then paddled around the Menehuene fish pond. Lots of fish jumping all over the place. Have a great week and 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!

Aloha,

Welcome to another fabulous week in Paradise. The visitors have had nothing to complain about these past few weeks as Kauai has had the kind of weather that makes people envious when they hear you live here. Our tradewinds are back and blowing full force, cooling everyone and everything. I've been out showing property most of this week and have enjoyed great weather no matter what part of the Island I was showing. I've seen just about every Princeville home on the market so if you have any questions, I've got answers. On to your update:

Copyright 6/14/2009 by Hawaii Information Service

NEW LISTINGS
224638 T A 4 4-5-3-6-22-76 FS $1,200,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
224825 T A 3 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
224581 T A 3 4-5-4-5-39-186 LH $699,000 Cliffs At Princeville #8306 1,186 #8306 1/2

CONTINGENT SALES
221737 T C 96 4-5-4-12-8-21 FS $795,000 Pali Ke Kua Ii #228 1,135 #228 2/2

SALES
212736 T S 272 4-5-4-5-16-48 FS $945,500 Alii Kai At Hanalei #5304 1,085 #5304 2/2
SOLD 6/8/2009 for $850,000 (CASH) DOM 272

EXPIRED
209599 T X 350 4-5-4-15-21-31 FS $350,000 Sandpiper Village I #131 1,042 #131 2/2
194640 T X 708 4-5-4-12-9-27 FS $805,000 Pali Ke Kua Iii #237 1,135 #237 2/2

PRICE CHANGES
220078 T A 142 4-5-4-5-3-19 FS $239,000- Princeville Paniolo #204 1,058 #204 1/2
223363 T A 57 4-5-4-5-4-5 FS $270,000- Kaeo Kai Ph I #5A 1,503 #5A 2/2
222149 T A 94 4-5-4-5-18-1 FS $325,000- Puamana #1A 1,312 #1A 2/2
221962 T A 97 4-5-4-5-18-30 FS $399,900- Puamana #8C 1,532 #8C 2/2
218864 T A 186 4-5-4-5-23-11 FS $659,000- Plantation At Princeville #321 1,318 #321 3/3
218310 T A 146 4-5-4-12-5-9 FS $815,500- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
212982 T A 348 4-5-4-5-16-28 FS $875,000- Alii Kai At Hanalei #4104 1,086 #4104 2/2
216008 T A 261 4-5-4-12-11-47 FS $1,500,000+ Puu Poa #405 1,800 #405 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.

It's been a pretty quiet week when it comes to condos with just a few new ones and some minimal activity. The first new listing is a resale Ka'iulani listed for $1.2M. This is the first time on the market for this unit which was purchased for $900,500 on 4/07. Next up is Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 and listed for $359K. Cliffs 8306 is the last new listing, with a sale price of $699K and a purchase price of $430K in 11/03. This is also a leasehold unit.

Pali Ke Kua 228, listed for $795K and purchased as a leasehold unit in 5/93 for $165K went into escrow this week. It was converted to fee simple in 12/99 for $48,300. I'm happy to say this seller will probably have a good capital gain on this property. The seller of Ali'i Kai 5304 is also probably happy, having sold this unit for $850K this week. It was purchased for $135K in 1/87.

Both Sandpiper 131 and Pali Ke Kua 237 were withdrawn from the market. Sandpiper was listed for $350K and last sold for $110K in 4/10. Pali Ke Kua 237 was listed for $805K and last sold for $750K in 2/05.

We had several price reductions and one price increase this week. Paniolo 204 reduced from $259K to $239K and was purchased for $337,500 in 6/04. Ka'eo Kai 5A, a bank foreclosure, reduced from $299,900 to $270K. This condo last sold for $200K in 8/02. Puamana 1A get the reduction of the week award, going from $410K to $325K as a short sale. This unit last sold in 7/01 for $137K. Puamana 8C, purchased for $95K as a leasehold unit in 7/88 and converted to fee simple on 5/00 for $37,500 reduced from $416,900 to $399,800. Plantation 321 went from $699K to $659K and last sold for $435K in 7/05. Pali Ke Kua 109 continued to reduce by $500 a day and is now at $815,500. Ali'i Kai 4101, purchased for $950K in 8/05 reduced from $925K to $875K. Pu'u Po'a 405 is the only increase this week moving from $1.295K to $1.5M. This unit last sold for $430K in 1/00.

On to your Princeville home update:

Copyright 6/14/2009 by Hawaii Information Service

NEW LISTINGS
224881 RS A 2 4-5-3-12-1 FS $1,995,000 4055 Aloalii Dr 9,825 sqft 3,435 3/3.5
224775 RS A 3 4-5-3-12-4 FS $1,995,000 4035 Aloalii Dr 9,415 sqft 3,407 3/3
224805 RS A 6 4-5-4-23-46 FS $599,000 3785 Moae Pl 6,894 sqft 1,199 2/2
224854 RS A 2 4-5-4-19-19 FS $814,800 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
224783 RS A 6 4-5-4-13-37 FS $1,875,000 3584 Kaweonui Rd 14,685 sqft 3,500 4/3.5

CONTINGENT SALES
222919 RS C 72 4-5-4-17-2 FS $717,500 4959 Emmalani Dr 10,875 sqft 2,682 4/4.5

TEMPORARILY WITHDRAWN
220531 RS T 128 4-5-4-13-44 FS $949,000 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2

PRICE CHANGES
223822 RS A 41 4-5-4-13-6 FS $646,050- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2
214254 RS A 319 4-5-4-18-20 FS $995,000- 4173 Kalani Pl 10,630 sqft 3,464 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 have any questions about buying or selling, please don't hesitate to call or email for the facts. That's why I'm here. Have a great week.

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!