Well another month has rolled around!! Time sure seems to be moving faster and faster!
The market saw more sales in October- total with 10 being foreclosed properties. (REO).
Upcoming REO properties are continuing to increase, These are not listed yet, but have been foreclosed on by the banks.
Current REO Listings and sales:
| HOMES | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 223718 | 4734 Mimilo Rd | Kapaa | 3 | 1.5 | 409,900 |
| 224854 | 5086 Napo'okala Cir | Princeville | 3 | 3 | 698,800 |
| 227283 | 504 Laulea St | Eleele | 2 | 1.5 | 245,765 |
| 227363 | 4691 Kanaele Rd | Kapaa | 2 | 1 | 419,000 |
| 221563 | 924 Niulani Rd | Kapaa | 2 | 1 | 734,900 |
| 227993 | 4679 Emmalani Dr | Princeville | 2 | 3 | 650,000 |
| 227416 | 4754 Kalamania Rd #B | Kilauea | 0 | 1 | 375,000 |
| 225954 | 3868 Olona St | Koloa | 3 | 1.5 | 299,000 |
| 226790 | 4524 Lae Road | Kalaheo | 3 | 2 | 320,250 |
| CONDOS | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225936 | Banyan Harbor #80 | Lihue | 2 | 2 | 199,000 |
| 223038 | Kauai Beach Resort #2506 | Lihue | 0 | 1 | 125,000 |
| 223037 | Kauai Beach Resort #2544 | Lihue | 0 | 1 | 125,000 |
| 223033 | Kauai Beach Resort #4110 | Lihue | 0 | 1 | 145,000 |
| 223271 | Islander On The Beach #342 | Kapaa | 0 | 1 | 159,000 |
| 227667 | Hale Lani Village at Puhi W103 | Lihue | 2 | 1 | 164,900 |
| 228147 | Kuhio Shores #104, | Poipu | 1 | 1 | 498750 |
| 228473 | Waipouli Beach Resort A304 | Kapaa | 2 | 3 | 1,060,900 |
| 228576 | Kuhio Shore #311 | Poipu | 2 | 2 | 660,900 |
| 228932 | Prince Kuhio #337 | Poipu | 0 | 1 | 227,000 |
| LAND | |||||
| 228148 | 8894 Kekaha Road | Kekaha | 114,900 |
| SOLD | |||||
| Date | Address | Location | Sold Price | ||
| 10/2/2009 | 4119 Aheahe PL | Lihue | 3 | 3 | 396,000 |
| 10/8/2009 | Plantation At PV #422 | Princeville | 3 | 3 | 440,000 |
| 10/9/2009 | 3995 Kamehameha Rd | Princeville | 3 | 2 | 453,000 |
| 10/16/2009 | Sun Village #C312 | Lihue | 1 | 1 | 96,650 |
| 10/13/2009 | Nihilani At Princeville Resort #14A | Princeville | 3 | 2.5 | 490,000 |
| 10/9/2009 | Makahuena #IIA304 | Poipu | 3 | 2.5 | 523,900 |
| 10/15/2009 | 2460 Kolo Road | Kilauea | 3 | 2 | 366,200 |
| 10/20/2009 | 2891-B Pua Nani St #2 | Lihue | 4 | 2.5 | 440,000 |
| 10/26/2009 | 5796 Noni St | Wailua | 4 | 2 | 399,900 |
| 10/20/2009 | 5625 Kula Mau'u St | Kapaa | 5 | 4 | 360,000 |
Here are the current active REO, bank owned properties on Kauai:
| HOMES | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 227900 | 4107 Kawili St | Lihue | 3 | 3 | 559,900 |
| 225197 | 1672 Kelaukia St | Koloa | 3 | 1.5 | 982,900 |
| 223718 | 4734 Mimilo Rd | Kapaa | 3 | 1.5 | 409,900 |
| 224854 | 5086 Napo'okala Cir | Princeville | 3 | 3 | 727,800 |
| 226240 | 4619 Lehua St | Kapaa | 5 | 4 | 644,900 |
| 227283 | 504 Laulea St | Eleele | 2 | 1.5 | 258,700 |
| 3599 HORITA RD | Lawai | 4 | 2 | ||
| 225118 | 4919 Aliali Rd #10 | Kapaa | 3 | 1.5 | 219,900 |
| 227524 | 5095 Panini Pl | Waimea | 4 | 3 | 612,900 |
| 227363 | 4691 Kanaele Rd | Kapaa | 2 | 1 | 450,000 |
| 221563 | 924 Niulani Rd | Kapaa | 2 | 1 | 749,900 |
| 227993 | 4679 Emmalani Dr | Princeville | 2 | 3 | 650,000 |
| 227416 | 4754 Kalamania Rd #B | Kilauea | 0 | 1 | 424,900 |
| 225954 | 3868 Olona St | Koloa | 3 | 1.5 | 299,000 |
| CONDOS | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225936 | Banyan Harbor #80 | Lihue | 2 | 2 | 210,000 |
| 223038 | Kauai Beach Resort #2506 | Lihue | 0 | 1 | 125,000 |
| 223037 | Kauai Beach Resort #2544 | Lihue | 0 | 1 | 125,000 |
| 223033 | Kauai Beach Resort #4110 | Lihue | 0 | 1 | 145,000 |
| 223271 | Islander On The Beach #342 | Kapaa | 0 | 1 | 159,000 |
| 227667 | Hale Lani Village at Puhi W103 | Lihue | 2 | 1 | 164,900 |
| LAND | |||||
| 225885 | Kulana Subdivision | Kapaa | 0 | 0 | 194,900 |
| 228005 | KUA AINA ST | Kalaheo | 0 | 0 | 209,000 |
There were only 4 REO closings in September. There should be a noticable increase in the coming months as there are currently 23 REO properties in escrow For more information and updates visit the website for Kauai, HI real estate foreclosure news.
Can you believe it's already the middle of August? Where does the time go? Before you know it, the $8,000 federal tax credit will be gone. As of now, it is set to expire the end of November. If you are a first time buyer, or someone who hasn't had an ownership interest in a home in the last 3 years, the closk is ticking. You have to close escrow and have the property in your name by November 30th to get the tax credit.
There seems to be a lot of activity this month, many buyers have decided it is time to make their move into ownership. So far, there have been a total of 25 sales islandwide, 5 of those were REO bank owned properties.
It appears that sellers are finally understanding that to be competitive in this market they just cannot overprice their home and hope to bring it down later if needed. This stategy rarely works in a sellers favor.
For more information on these and any other Kauai property just send an email to sheila@sheilamorales.com Visit my website for even more Kauai real estate informatio
| HOMES | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225791 | 3371 Kai Lani Pl | Hanapepe | 4 | 2 | 334,900 |
| 225781 | 4740 Hokuloa Pl | Eleele | 3 | 2 | 309,900 |
| 225407 | 4345 Naulu Pl #A | Omao | 5 | 4 | 211,613 |
| 225197 | 1672 Kelaukia St | Koloa | 3 | 1.5 | 1,034,550 |
| 223496 | 2891-B Pua Nani St #2 | Lihue | 4 | 2.5 | 449,000 |
| 225851 | 229 Koili Ln | Wailua | 4 | 2.5 | 297,500 |
| 223718 | 4734 Mimilo Rd | Kapaa | 3 | 1.5 | 409,900 |
| 223366 | 3995 Kamehameha Rd | Princeville | 3 | 2 | 471,900 |
| 224854 | 5086 Napo'okala Cir | Princeville | 3 | 3 | 799,800 |
| 226132 | 4262 Oama Pl | Puhi | 3 | 2 | 354,000 |
| 222896 | 4119 Aheahe PL | Lihue | 3 | 3 | 447,900 |
| 226104 | 5358 Kula Mau'u St | Kapaa | 3 | 2 | 316,900 |
| 219109 | 4754 Kalamania Rd #B | Kilauea | 1 | 1 | 424,900 |
| 225954 | 3868 Olona St | Koloa | 3 | 1.5 | 349,000 |
| 226200 | 148 Royal Drive | Wailua | 5 | 3 | 599,900 |
| 226240 | 4619 Lehua St | Kapaa | 5 | 4 | 644,900 |
| 226360 | 5051 Laukona St | Hanamaulu | 8 | 4 | 472,500 |
| 222904 | 2460 Kolo Road | Kilauea | 3 | 2 | 388,250 |
| 223822 | 3695 KAWEONUI RD | Princeville | 4 | 2 | 613,100 |
| 219935 | 4919 Aliali Road, Apopo Hale #10 | Kapaa | 3 | 1.5 | 224,900 |
| 219935 | 4910 ALIALI RD #5 | Kapaa | 3 | 1.5 | 215,900 |
| 226512 | 5625 Kula Mau'u St NEW | Kapaa | 5 | 4 | 360,000 |
| 226481 | 504 Laulea St NEW | Eleele | 2 | 1.5 | 272,250 |
| CONDOS | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225425 | Kahala At Poipu Kai I #113 | Poipu | 1 | 1 | 329,900 |
| 225936 | Banyan Harbor #80 | Lihue | 2 | 2 | 250,000 |
| 223038 | Kauai Beach Resort #2506 | Lihue | 0 | 1 | 219,000 |
| 223037 | Kauai Beach Resort #2544 | Lihue | 0 | 1 | 219,000 |
| 223033 | Kauai Beach Resort #4110 | Lihue | 0 | 1 | 239,000 |
| 223035 | Kauai Beach Resort #4214 | Lihue | 0 | 1 | 309,000 |
| 223271 | Islander On The Beach #342 | Kapaa | 0 | 1 | 189,000 |
| 226523 | Kaeo Kai Ph I #5A | Princeville | 2 | 2 | 239,000 |
| 225806 | Nihilani At Princeville Resort #14A | Princeville | 3 | 2.5 | 489,900 |
| 215869 | Plantation At Princeville #422 | Princeville | 3 | 3 | 469,900 |
| 220199 | Kamahana #4 | Princeville | 2 | 2 | 289,900 |
| 226515 | Sun Village #C312 NEW | Lihue | 1 | 1 | 100,000 |
| LAND | |||||
| 225799 | 5622 ILEINA LN #K | Kapaa | 0 | 0 | 134,000 |
| 225221 | MILIA ST | Kalaheo | 0 | 0 | 184,900 |
| 225885 | Kulana Subdivision | Kapaa | 0 | 0 | 194,900 |
| UPCOMING | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | |
| 5796 Noni St | Wailua | 4 | 2 | ||
| Makoa Road | Hanapepe | 2 | 1 | ||
| Waialeale Estates | Kapaa | 3 | 2 | ||
| Apopo Hale | Kapaa | 4 | 1.5 | ||
| Plantation Hale | Kapaa | 1 | 1 | ||
| 2888 Hoolako | Lihue | 2 | 2 | ||
| Waiakulua | Kilauea | ||||
| Pohina St | Hanamaulu | ||||
| Laulea St | Eleele | 3 | 1 | ||
| 4524 Lae Road | Kalaheo | 3 | 2 | 330,000 | |
| 5095 Panini Road | Waimea | 4 | 3 | ||
| Pua Melia St | Kalaheo | 3 | 2 | ||
| Koloa Town - 2 houses | Koloa | 6 | 4 | ||
| 4726 Mimilo Rd | Kapaa | 3 | 2 | ||
| Makahuena condo | Poipu | 3 | 2 | ||
| Waiakulua Estate | Kilauea | ||||
| 5095 Panini Rd | Waimea | 4 | 3 | ||
| 7162 Aleaalea Rd | Haena | ||||
| Huina Road | Wailua | ||||
| Hale Lani W103 | Lihue | 2 | 1 | ||
| SOLD | |||||
| Date | Address | Location | Sold Price | ||
| 8/4/2009 | 4836 Puuwai Rd #A | Kalaheo | 2 | 1 | 290,000 |
| 8/7/2009 | 2305 Liliuokalani St | Kilauea | 3 | 1.5 | 362,500 |
| 8/7/2009 | 3295 KILIKINA PL | Lihue | 3 | 2 | 370,000 |
| 8/12/2009 | Kamahana #4 | Princeville | 2 | 2 | 276,000 |
| 8/13/2009 | 3834 Koula Rd | Hanapepe | 5 | 2 | 330,000 |
July sales were up again, which makes several months of increasing number of sales. This is an indicator that we may be at or near the bottom of the market. Only when prices are rising will we really have comfirmation of when the bottom WAS.
There does seem to be a lot more activity in the market, more offers, and more closings. With the Federal tax credit for 1st time buyers set to expire November 2009, and the lower prices of homes right now, many 1st time buyers are jumping at the opportunity to get into a home now.
Visit my website for information on Kauai, HI real estate Or call me at 808-652-1900 or email sheila@sheilamorales.com
Kauai foreclosure updates:
| HOMES | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225791 | 3371 Kai Lani Pl | Hanapepe | 4 | 2 | 334,900 |
| 225781 | 4740 Hokuloa Pl | Eleele | 3 | 2 | 309,900 |
| 225407 | 4345 Naulu Pl #A | Omao | 5 | 4 | 211,613 |
| 225197 | 1672 Kelaukia St | Koloa | 3 | 1.5 | 1,034,550 |
| 223496 | 2891-B Pua Nani St #2 | Lihue | 4 | 2.5 | 449,000 |
| 225851 | 229 Koili Ln | Wailua | 4 | 2.5 | 297,500 |
| 223718 | 4734 Mimilo Rd | Kapaa | 3 | 1.5 | 409,900 |
| 223366 | 3995 Kamehameha Rd | Princeville | 3 | 2 | 471,900 |
| 224854 | 5086 Napo'okala Cir | Princeville | 3 | 3 | 799,800 |
| 223522 | 3834 Koula Rd | Hanapepe | 5 | 2 | 323,730 |
| 226132 | 4262 Oama Pl | Puhi | 3 | 2 | 354,000 |
| 222896 | 4119 Aheahe PL | Lihue | 3 | 3 | 447,900 |
| 226104 | 5358 Kula Mau'u St | Kapaa | 3 | 2 | 316,900 |
| 219109 | 4754 Kalamania Rd #B | Kilauea | 1 | 1 | 424,900 |
| 224729 | 2305 Liliuokalani St | Princeville | 3 | 1.5 | 314,900 |
| 225954 | 3868 Olona St | Koloa | 3 | 1.5 | 349,000 |
| 226200 | 148 Royal Drive | Wailua | 5 | 3 | 599,900 |
| 226240 | 4619 Lehua St | Kapaa | 5 | 4 | 644,900 |
| 226360 | 5051 Laukona St NEW | Hanamaulu | 8 | 4 | 472,500 |
| 222904 | 2460 Kolo Road | Kilauea | 3 | 2 | 388,250 |
| 223822 | 3695 KAWEONUI RD | Princeville | 4 | 2 | 613,100 |
| 219935 | 4919 Aliali Road, Apopo Hale #10 | Kapaa | 3 | 1.5 | 224,900 |
| 219935 | 4910 ALIALI RD #5 | Kapaa | 3 | 1.5 | 215,900 |
| CONDOS | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | PRICE |
| 225425 | Kahala At Poipu Kai I #113 | Poipu | 1 | 1 | 337,900 |
| 225936 | Banyan Harbor #80 | Lihue | 2 | 2 | 250,000 |
| 223038 | Kauai Beach Resort #2506 | Lihue | 0 | 1 | 219,000 |
| 223037 | Kauai Beach Resort #2544 | Lihue | 0 | 1 | 219,000 |
| 223033 | Kauai Beach Resort #4110 | Lihue | 0 | 1 | 239,000 |
| 223035 | Kauai Beach Resort #4214 | Lihue | 0 | 1 | 309,000 |
| 223271 | Islander On The Beach #342 | Kapaa | 0 | 1 | 189,000 |
| 223363 | Kaeo Kai Ph I #5A | Princeville | 2 | 2 | 259,000 |
| 225806 | Nihilani At Princeville Resort #14A | Princeville | 3 | 2.5 | 489,900 |
| 215869 | Plantation At Princeville #422 | Princeville | 3 | 3 | 469,900 |
| 220199 | Kamahana #4 | Princeville | 2 | 2 | 289,900 |
| LAND | |||||
| 225799 | 5622 ILEINA LN #K | Kapaa | 0 | 0 | 134,000 |
| 225221 | MILIA ST | Kalaheo | 0 | 0 | 184,900 |
| 225885 | Kulana Subdivision | Kapaa | 0 | 0 | 194,900 |
| UPCOMING | |||||
| MLS | ADDRESS | LOCATION | BED | BATH | |
| 5796 Noni St | Wailua | 4 | 2 | ||
| Makoa Road | Hanapepe | 2 | 1 | ||
| Waialeale Estates | Kapaa | 3 | 2 | ||
| Apopo Hale | Kapaa | 4 | 1.5 | ||
| Plantation Hale | Kapaa | 1 | 1 | ||
| 2888 Hoolako | Lihue | 2 | 2 | ||
| Waiakulua | Kilauea | ||||
| Pohina St | Hanamaulu | ||||
| Laulea St | Eleele | 3 | 1 | ||
| Lae Road | Kalaheo | 3 | 2 | ||
| 5095 Panini Road | Waimea | 4 | 3 | ||
| Sun Village #312 | Lihue | 1 | 1 | ||
| Pua Melia St | Kalaheo | 3 | 2 | ||
| Koloa Town - 2 houses | Koloa | 6 | 4 | ||
| Kula Mau'u | Kapaa | 5 | 4 | ||
| Kula Mau'u | Kapaa | 3 | 2 | ||
| 4726 Mimilo Rd | Kapaa | 3 | 2 | ||
| Makahuena condo | Poipu | 3 | 2 | ||
| Waiakulua Estate | Kilauea | ||||
| 5095 Panini Rd | Waimea | 4 | 3 | ||
| 7162 Aleaalea Rd | Haena | ||||
| Huina Road | Wailua | ||||
| SOLD | |||||
| Date | Address | Location | Sold Price | ||
| 7/24/2009 | Pono Kai C209 | Kapaa | 380,000 | ||
| 7/20/2009 | Princeville Paniolo #103 | Princeville | 184,900 | ||
| 7/13/2009 | Villas Of Kamalii #44 | Princeville | 600,000 | ||
| 7/10/2009 | 2374 Oka St | Kilauea | 380,000 | ||
| 7/21/2009 | 3834 Haulani Pl | Princeville | 567,000 | ||
| 7/30/2009 | Kauai Beach Resort #4206 | Lihue | 94,100 | ||
| 7/31/2009 | 4912 ALIALI RD #3 | Kapaa | 3 | 1.5 | 172,500 |
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