Elaine Schaefer (R, BIC, CRS, GRI, ABR)

Aloha,

I have a better than average reason for being late with this weeks update: I participated in the Kauai Marathon Sunday and spent yesterday recovering from the 26.2 mile jaunt. Even though I walked the better part of it, it was still no easy task but I'll wait to talk more about this on an upcoming blog specifically about my marathon experience. As for real estate, we did see some activity -see for yourself:

Copyright 9/8/2009 by Hawaii Information Service

NEW LISTINGS
226997 T A 8 4-5-4-5-18-71 FS $369,000 Puamana #20A 1,532 #20A 2/2
227263 T A 4 4-5-4-5-24-46 FS $548,500 Nihilani At Princeville Resort #16A 1,406 #16A 2/2

BACK ON THE MARKET
207634 T A 564 4-5-4-5-39-16 FS $259,000 Cliffs At Princeville #1206 917 #1206 1/2
215869 T A 361 4-5-4-5-23-16 FS $469,900 Plantation At Princeville #422 1,318 #422 3/3
210598 T A 482 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
208801 T A 491 4-5-4-11-3-84 FS $489,000 Hanalei Bay Resort #N22 867 #N22 1/2

CONTINGENT SALES
223270 T C 146 4-5-4-5-27-19 FS $275,000 Hale Honu #10A 1,085 #10A 3/2
224825 T C 89 4-5-4-12-8-1 LH $359,000 Pali Ke Kua Ii #1 993 #1 2/2
216008 T C 308 4-5-4-12-11-47 FS $1,500,000 Puu Poa #405 1,800 #405 2/2

SALES
209244 T S 448 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5
SOLD 9/3/2009 for $810,000 (CNV) DOM 448

EXPIRED
223828 SH X 133 4-5-4-5-23-23 FS $170,000 Plantation At Princeville #621 1,318 #621 3/3
183879 T X 1,095 4-5-4-5-39-163 FS $799,000 Cliffs At Princeville #7205 917 #7205 1/2
215650 T X 358 4-5-4-5-12-2 FS $999,900 Sealodge Ii #F2 567 #F2 1/1

WITHDRAWN
198214 T W 338 4-5-4-15-21-15 FS $429,000 Sandpiper Village I #115 1,042 #115 2/2

PRICE CHANGES
225703 T A 60 4-5-4-15-21-34 FS $255,000- Sandpiper Village I #134 1,042 #134 2/2
221307 T A 196 4-5-4-5-18-86 FS $335,000- Puamana #24A 1,312 #24A 2/2
208801 T A 491 4-5-4-11-3-84 FS $489,000+ Hanalei Bay Resort #N22 867 #N22 1/2
225402 T A 62 4-5-4-5-17-14 FS $519,900- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
211272 T A 13 4-5-4-5-16-35 FS $795,000- Alii Kai At Hanalei #4303 1,086 #4303 2/2
226466 T A 13 4-5-4-5-16-36 FS $925,000- Alii Kai At Hanalei #4304 1,086 #4304 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.

Our first new listing, Puamana 20A for $369,000 was previously listed from 5/05 to 6/05 for $495K and from 4/09 to 8/09 for $382,750 and was withdrawn both times. It last sold for $170K in 9/01. The same holds true for our second new listing, Nihilani 16A which is a short sale at $548,500. Purchased from the developer in 5/06 for $603,600, this unit was previously listed from 2/07 to 8/07 starting at $668K and reducing to $639K before it was withdrawn and again from 6/09 to 7/09 when it was withdrawn while listed at $575K.

Cliffs 1206, purchased for $520K in 9/05 and listed for $259K is back as a short sale after expiring. Also back on the market is the foreclosed Plantation 422 listed for $469,900. This unit went into escrow on 6/29 and is unfortunately available once again. Purchased in 11/05 for $738K it was foreclosed on by the bank in 6/08. One of the developer's Nihilani 3 bedroom 2.5 bath Makani units, 3B, listed for $485K is also back on the market along with Hanalei Bay Resort N22, priced at $489K. This unit was purchased for $469,900 in 1/06 and was previously listed for $329K when it was withdrawn on 8/9. It can back on the market at the higher price of $489K and is also listed under the price changes portion of this report.

I'm happy to report that several units went into escrow this past week. Hale Honu 10A, purchased for $510K in 8/05 and listed for $274K went into escrow as a short sale. Pali Ke Kua 1, a leasehold unit purchased for $379K in 4/06 went into escrow after 84 market days listed at $359K. Pu'u Po'a 405, listed for $1.5M and purchased for $430K in 1/00 also went into escrow after 303 market days.

There was finally a resale in Ka'iulani with unit 63, purchased for $975K in 3/08. This agent owned unit provided a tax write off by closing at $810K while listed at $894K.

A fractional share of Plantation 621 listed for $170K expired with 133 market days. Cliffs 7205, listed at $799K and purchased as a leasehold unit in 4/81 for $165K and converted to fee simple in 4/92 for $21K, expired after a healthy 1,095 days on the market with no price reductions. Sealodge F2, listed for $999,900 expired with 358 days on the market. This unit last sold for $268K in 7/01.

Sandpiper 115, listed at a high $429K, was withdrawn after 338 days on the market. This unit shows as selling for $180K in 12/01 then being quit claimed to the bank on 7/09 for $238K.

As for price reductions: Sandpiper 134 reduced from $265K to $255K and last sold for $485K in 7/05. Also reducing is Puamana 24A, purchased for $605K in 12/05. This unit went from $370K to $335K. Hanalei Bay Resort N23 went up to $489K from $329K. Ali'i Kai 9F, purchased for $560K in 9/05, reduced from $565K to $519,900. Ali'i Kai 4303 went the other way, from $795K to $815K. This unit sold for $490K in 12/03. Yet another Ali'i Kai changed price, unit 4304, this time as a reduction from $940K to $925. This unit last sold for $541,500 in 2/04.

On to your Princeville home update:

Copyright 9/8/2009 by Hawaii Information Service

NEW LISTINGS
226593 RS A 7 4-5-4-6-12 FS $600,000 4154 Lei O Papa Rd 11,369 sqft 1,544 2/2

BACK ON THE MARKET
206819 RS A 501 4-5-4-8-4 FS $735,000 3921 Punahele Rd 11,872 sqft 1,556 3/2
208122 RS A 558 4-5-4-7-19 FS $1,135,000 3928 Punahele Rd 9,999 sqft 1,694 3/2

EXPIRED
218518 RS X 264 4-5-4-23-71 FS $849,000 3784 Mapuana Pl 9,985 sqft 1,857 3/2.5

WITHDRAWN
215902 RS W 713 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2

PRICE CHANGES
224805 RS A 92 4-5-4-23-46 FS $549,000- 3785 Moae Pl 6,894 sqft 1,199 2/2
223822 RS A 127 4-5-4-13-6 FS $580,150- 3695 Kaweonui Rd 11,121 sqft 2,492 4/2

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. 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,

Ok, so it wasn't a blazing hot summer selling season. We've experienced those in the past and this month was not it. Nevertheless, we did see some buyers pick up some nicely priced properties throughout the Island this past month, in fact, 43 properties changed hand in Aug 09 compared to only 42 in Aug 08. We are definitely down for the year to date with 305 having sold so far compared to 431 last year this time. Just to give you an idea of years past, in 07 year to date there were 680 sales, 06=1160 transactions, 05=1180 and year to date 2004 there were 1168 sales. Plenty of room for improvement which I'm sure will occur over the next few years.

Of the 43 properties that sold, 22 were residential, 6 land, and 15 were condos. Waimea zone had 3 residential sales, Koloa zone saw 2 residential sales, 1 land sale, and 3 condo sales, Lihue had 3 homes, 1 land and 3 condos, Kawaihau had 8 houses sell, 2 land and 2 condos and Hanalei had 6 homes sell, 2 land sales and 7 condos.

Of course, sales volume was also down with August 09 posting $21M in sales compared to $35M in Aug 08. These numbers pale in comparison to years past with $50M in sales for Aug 07, $70M in Aug 06, $124M in Aug 05 and only $95M in Aug 04. Year to date sales for Aug 09 are $189M compared to $365M this time last year, $586M for year to date Aug 07, $769M for year to date 06, $805M in 05 and $652M in 04.

Yes, we have seen more active times but keep in mind, those days will eventually return, leaving many a buyer out in the cold when it comes to their ability to buy. It's a slow market but it's also the very best time to get your foot in the door. Just think if you were a seller, you'd probably lay out the red carpet to get a buyer to your door if you really want to sell. "Really want to sell" is the operative word here because there are still too many sellers who seem to think the market doesn't apply to them. Why they don't just take their properties off the market instead of continuing to live in the dream world that someone will come along and give them above market value is beyond me. But I'll save that for another time. To continue....

As you might expect, median sales price is also down. Residential median for Aug 09 was $478K, for 08 it was $530K, 07=$624K, 06=$780K, 05=$644K and 04 was $507K. Keep in mind we are talking median and not average pricing here. Here is the list of homes which sold this past August, which resulted in the median price of $478K:

Copyright 9/2/2009 by Hawaii Information Service
219935 4914 Aliali Rd #5 8/31/2009 $213,741
221776 4836 Puuwai Rd #A 8/4/2009 $290,000
225839 4871 Iiwi Road #B 8/26/2009 $313,000
223522 3834 Koula Rd 8/13/2009 $330,000
224729 2305 Liliuokalani St 8/7/2009 $362,500
224618 6420 Kawaihau Rd #1 8/7/2009 $364,000
223177 1614 Kuahale St 8/12/2009 $365,000
223411 3295 Kilikina Pl 8/7/2009 $370,000
194517 4486 Komohana Pl 8/17/2009 $371,000
219579 2420 Liliuokalani St 8/17/2009 $450,000
224464 9490 Keolewa St 8/14/2009 $471,000
224573 4155-A Kawili St #1 8/28/2009 $485,000
221590 4413 Kai Ikena Dr 8/10/2009 $515,000
195358 337 Eggerking Rd 8/3/2009 $526,000
220055 8664 Elepaio Rd 8/31/2009 $528,000
224630 182 Lihau St 8/13/2009 $539,000
216585 Kolo Rd 8/4/2009 $580,000
226592 6255 Hauiki Rd #1 8/7/2009 $680,000
210609 6969 Holopono Pl 8/18/2009 $1,050,000
214070 4460 Aku Rd 8/26/2009 $1,075,000
211867 6242 Kahiliholo 8/14/2009 $1,600,000
201513 2380-C ‘iwalani Ln 8/12/2009 $2,100,000

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

Median sales price for condos this August was $300K, Aug 08 was $299K, 07=$587K, 06=$452, 05=$467K and 04=$349K. Here is the list of condos which resulted in the $300K median sales price:

Copyright 9/2/2009 by Hawaii Information Service
225346 Islander On The Beach #321 8/7/2009 $129,900
225705 Plantation Hale #A9 8/7/2009 $145,000
210709 Kiahuna Plantation #439 8/28/2009 $160,000
193285 Kiahuna Plantation #404 8/14/2009 $170,000
219991 Banyan Harbor #65 8/7/2009 $217,500
226674 Banyan Harbor #108 8/12/2009 $275,000
220199 Kamahana #4 8/12/2009 $276,000
221360 Hale Moi #216 8/26/2009 $300,000
223488 Sandpiper Village I #130 8/26/2009 $300,000
218270 Kiahuna Ph Ii #111 8/24/2009 $330,000
211884 Regency Huleia #75 8/26/2009 $340,000
221018 Sealodge Ii #J1 8/6/2009 $585,000
209062 Nihilani At Princeville Resort #17C 8/18/2009 $640,000
210693 Nihilani At Princeville Resort #10A 8/14/2009 $645,000
221737 Pali Ke Kua Ii #228 8/12/2009 $725,000

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

I'm happy to report that I contributed to the count this August on both the sale of a condo, Hale Moi 216 for $300K as the list agent and the sale of a house, 4871 Iiwi for $313K as the buyer's agent. For a complete review of this month's market statistics click here to go to my website, www.kauairealestatenow. You'll find the monthly market statistics tab along the left side of the website. Until next month, happy house buying and selling.

Aloha Elaine

A wild orchid on the Moalepe trail

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,

Although the first day of fall isn't until September 22, for all intents and purposes the summer selling season has come to an end with a whimper! Yes a whimper! Sure we had some sales but not nearly enough to even begin to consider this a hot summer season. Buyers continue to stand on the sidelines waiting to see what will happen next. Unfortunately, at the same time Fannie Mae and Freddie Mac continue to change guidelines which results in more "hoop jumping" when it comes to obtaining a loan, unless, of course, you are a first time home buyers which seems to be where the financial incentives and benefits are focused on at this time. Let's just hope when buyers finally think pricing is where they want it, the lenders are still interested in lending. Here is your update:

Copyright 8/31/2009 by Hawaii Information Service

NEW LISTINGS
222149 T A 5 4-5-4-5-18-1 FS $325,000 Puamana #1A 1,312 #1A 2/2
226998 T A 4 4-5-4-12-2-39 FS $349,000 Hale Moi #219 1,033 #219 1/2
208369 T A 5 4-5-4-5-39-127 FS $525,000 Cliffs At Princeville #5205 917 #5205 1/2
227167 T A 3 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort #25B 1,567 #25B 2/2.5
211272 T A 5 4-5-4-5-16-35 FS $795,000 Alii Kai At Hanalei #4303 1,086 #4303 2/2
227179 T A 3 4-5-4-6-1-54 FS $849,000 Villas Of Kamalii #54 1,767 #54 3/3
226466 T A 5 4-5-4-5-16-36 FS $940,000 Alii Kai At Hanalei #4304 1,086 #4304 2/2

CONTINGENT SALES
220078 T C 220 4-5-4-5-3-19 FS $239,000 Princeville Paniolo #204 1,058 #204 1/2

SALES
221360 T S 148 4-5-4-12-2-36 FS $345,000 Hale Moi #216 1,033 #216 2/2
SOLD 8/26/2009 for $300,000 (CASH) DOM 148

223488 T S 64 4-5-4-15-21-30 FS $349,000 Sandpiper Village I #130 1,042 #130 2/2
SOLD 8/26/2009 for $300,000 (CNV) DOM 64

UNDER CONTRACT
209244 T U 448 4-5-3-6-22-63 FS $894,000 Kaiulani Of Princeville #63 1,901 #63 2/2.5

WITHDRAWN
204980 SH W 562 4-5-4-5-23-28 FS $175,000 Plantation At Princeville #722 1,318 #722 3/3
212672 SH W 654 4-5-4-12-11-7 FS $297,500 Puu Poa #107 2,065 #107 2/2
226710 T W 268 4-5-4-5-23-30 FS $445,000 Plantation At Princeville #812 1,153 #812 2/2
183699 T W 1,092 4-5-4-5-23-25 FS $619,000 Plantation At Princeville #711 1,153 #711 2/2

TEMPORARILY WITHDRAWN
217010 SH T 311 4-5-4-6-1-49 FS $230,000 Villas Of Kamalii #49 1,825 #49 3/3
217215 SH T 311 4-5-4-6-1-49 FS $245,000 Villas Of Kamalii #49 1,825 #49 3/3
200456 T T 722 4-5-4-12-11-14 FS $1,425,000 Puu Poa #114 2,065 #114 2/2

PRICE CHANGES
225703 T A 52 4-5-4-15-21-34 FS $265,000- Sandpiper Village I #134 1,042 #134 2/2
200564 T A 14 4-5-4-5-16-2 FS $498,000- Alii Kai At Hanalei #1102 1,086 #1102 2/2
222635 T A 115 4-5-4-5-12-19 FS $499,000+ Sealodge Ii #H1 556 #H1 1/1
218310 T A 224 4-5-4-12-5-9 FS $719,900- Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1
220840 T A 177 4-5-4-6-1-33 FS $879,000+ 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.

Puamana 1A is a re-entry to the new listing catagory, having been previously listed from 11/06 to 2/07, starting at $588K and reducing to $545K, and again from 6/08 to 1/09, during which time it went from $515K to $440K. This time around it is listed for $325K, and will still yield a capital gain should it sell anywhere near this price, as the seller paid $157K for the unit in 7/01. Also back on the market for another try is Hale Moi 219, currently listed for $349K and last selling for $493K in 3/05. This short sale was previously listed from 12/08 to 4/09 starting at $539K and reducing to $493K. Cliffs 5205, which last sold for $600K in 6/05 is new on the market listed at $525K. Nihilani 25B, purchased for $776K in 12/06 is listed at $599K for the two bedroom, 2.5 bath Moana floor plan. Ali'i Kai 4303, which sold in 12/03 for $490K is listed for $795K. Villas of Kamali'i 54, which was listed from 5/06 to 1/07 for $1.185M before reducing to $1.095M is new this week at $849K. This unit sold for $607,500 in 11/03. The final new listing is Ali'i Kai 4304, priced at $940K. This unit was purchased for $541,500 in 2/04.

To offset all those new and returning listings, we had one unit go into escrow this past week: Paniolo 204 listed at $239K. This short sale last sold for $337,500 in 6/04. Two unit closed escrow one of which is Hale Moi 216. Purchased in 3/05 for $460K, and listed for $345K this unit ended up providing a tax write off by selling for $300K. Sandpiper 130 also closed for $300K while listed for $349K. It last sold for $238K in 6/03.

Ka'iulani 63, an agent owned unit purchased for $975K in 3/08 went under contract listed at $894K and will undoubtedly also be a tax write off.

Several units were withdrawn, a couple of which were fractional shares. Plantation 722 listed for $175K and Pu'u Po'a 107, listed for $297,500 both which were for 60 days of ownership, are now off the market. Plantation 812, purchased for $729K in 6/06 withdrew after 268 days as did Plantation 711 after a mere 1,092 days on the market. This unit sold for $455,402 in 9/05.

Two fractional share of Kamali'i 32 were temporarily withdrawn while listed at $230K and $245K. This unit sold for $509,400 in 10/03. Pu'u Po'a 114, listed for $1.425M and purchased for $1.4M in 3/05 was also temporarily taken off the market.

As for price changes, Sandpiper 134, which last sold for $485K in 7/05 reduced from $275K to $265K as a short sale. Ali'i Kai 1102, purchased for $100K in 11/87, reduced from $525K to $498K. Sealodge H1 went the other way, with an optimistic price increase of $100K, going from $399K to $499K. This cancels out a price reduction on 6/14 when the price went $100K the other way - from $499K to $399,999. This unit last sold for $560K in 8/05. Pali Ke Kua 109 finally posted a respectable reduction after approximately 2 months of reducing by $500 a day. Purchased in 12/03 for $621,400, this unit reduced from $799K to $719,900. The seller of Villas of Kamali'i 33 apparently changed their minds on their price change. Purchased in 7/04 for $649K, this unit shows as reducing from $879K to $719,900 and back up again to $879K on 8/24. And that's it for this past week. Now on to your Princeville homes update:

Copyright 8/31/2009 by Hawaii Information Service

NEW LISTINGS
227009 RS A 5 4-5-3-12-3 FS $1,988,800 4043 Aloalii Dr 8,972 sqft 3,588 3/3.5
227098 RS A 4 4-5-4-18-45 FS $697,000 4165 Kamalani Ln 10,235 sqft 2,405 3/3.5

CONTINGENT SALES
223366 RS C 136 4-5-4-15-1 FS $471,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2

EXPIRED
221534 RS X 161 4-5-4-13-48 FS $799,000 3677 Keoniana Rd 11,432 sqft 2,066 3/2.5

PRICE CHANGES
210722 RS A 488 4-5-4-18-7 FS $850,000- 4170 Mahina Pl 10,751 sqft 2,310 2/3.5

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

Enjoy the rest of your summer. I did, with a return hike in Kapaa along the Moalepe trail which connects to the Kailau trail ending at a great swimming hole by the arboretum. Great views along the way.

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,

It's been a relatively slow week which is reflected in the rather sparse condo update this week. There's been a few showings here and there but by and large, it seems like things have quieted down as we approach the end of summer. So much for a hot summer market! The reality is that the market is still soft, with numerous overpriced properites, several good buys and buyers sitting on the sidelines in both cases. Of course, there are some exceptions, but slow is (unfortunately) the operative word right now. Here is your update for this past week:

Copyright 8/23/2009 by Hawaii Information Service

NEW LISTINGS
200564 T A 6 4-5-4-5-16-2 FS $525,000 Alii Kai At Hanalei #1102 1,086 #1102 2/2
226784 T A 2 4-5-4-6-1-12 FS $839,000 Villas Of Kamalii #12 1,825 #12 3/3
226738 T A 6 4-5-4-5-16-42 FS $874,000 Alii Kai At Hanalei #5202 1,086 #5202 2/2

SALES
209062 T S 421 4-5-4-5-24-51 FS $695,000 Nihilani At Princeville Resort #17C 1,874 #17C 3/2.5
SOLD 8/18/2009 for $640,000 (CASH) DOM 421

UNDER CONTRACT
208900 T U 508 4-5-4-5-4-12 FS $497,000 Ka'eo Kai Ph I #2B 2,100 #2B 3/3

PRICE CHANGES
223270 T A 130 4-5-4-5-27-19 FS $275,000- Hale Honu #10A 1,085 #10A 3/2
224707 T A 69 4-5-4-12-2-16 FS $280,995- Hale Moi #116 1,033 #116 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.

Ali'i Kai 1102 is the first new listing this week, priced at $525K. This owner looks like one of the "originals" as the unit was purchased back in 11/87 for $100K. This is the first time on the market since that time. Villas of Kamai'i 12 is back on the market listed at $839K. This is quite a bit less from the previous list price of $900K when it was listed from 3/08 to 3/09. It was also listed from 3/09 to 7/09 for $875K. This unit last sold for $750K in 6/05. Ali'i Kai 5202 is the final new listing at $874K. This unit sold for $405K in 7/03 and was previously listed from 9/06 to 2/07 for $1.195M before it was withdrawn with 120 market days.

Nihilani 17C, purchased from the developer in 8/06 for $822,870 sold for $640K after 421 days on the market. This agent owned unit started out at $875K and slowly reduced, reaching the list price of $695K in 11/08. This is a surprisingly good price for this unit considering that 14A just went into escrow as a foreclosure listed at $489,900 and 22C is in escrow listed at $565K. All three of these units are the same Makani floor plan.

Ka'eo Kai 2B, listed for $497K finally went into escrow after 508 market days. Originally selling for $240K in 4/01, this unit started out at $650K slowly reducing over time.

As for price reductions: Hale Honu 10A purchased in 8/05 for $510, reduced this week from $325K to $275K as a short sale. Hale Moi 116, which last sold for $459K in 10/04 reduced from $297,500 to $280,995 and is also a short sale. Now on to your Princeville home update:

Copyright 8/23/2009 by Hawaii Information Service

NEW LISTINGS
226912 RS A 3 4-5-3-12-11 FS $1,595,000 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5
226863 RS A 5 4-5-4-16-79 FS $769,500 4105 Kekaulike Ln 10,408 sqft 1,700 2/2
226809 RS A 6 4-5-4-20-33 FS $799,000 3975 Punahele Rd 9,979 sqft 1,960 3/2.5
226808 RS A 5 4-5-4-23-50 FS $849,000 3788 Moae Pl 6,974 sqft 1,937 3/2

BACK ON THE MARKET
222510 RS A 103 4-5-4-23-76 FS $729,000 3789 Mapuana Pl 6,398 sqft 1,535 3/2.5
220949 RS A 166 4-5-4-20-14 FS $1,345,000 5118 Iolani Pl 19,012 sqft 3,918 3/3.5

WITHDRAWN
222745 RS W 140 4-5-4-23-35 FS $599,000 3793 Moae Pl 6,386 sqft 1,651 3/2

TEMPORARILY WITHDRAWN
215902 RS T 713 4-5-4-15-6 FS $689,000 3881 Albert Rd 11,515 sqft 1,272 3/2

PRICE CHANGES
226912 RS A 3 4-5-3-12-11 FS $1,595,000- 3991 Aloalii Dr 7,827 sqft 3,389 3/2.5
224854 RS A 72 4-5-4-19-19 FS $727,800- 5086 Napo'okala Cir 15,326 sqft 2,206 3/3
200621 RS A 729 4-5-4-21-7 FS $790,000+ 3770 Cr Kaweonui Rd/alber 10,737 sqft 2,184 3/2.5
220531 RS A 197 4-5-4-13-44 FS $799,000- 3646 Kaweonui Rd #II 10,937 sqft 2,240 3/2
220949 RS A 166 4-5-4-20-14 FS $1,345,000- 5118 Iolani Pl 19,012 sqft 3,918 3/3.5
200380 RS A 719 4-5-4-13-7 FS $1,595,000- 3687 Kaweonui Rd 11,420 sqft 3,588 4/3.5
225837 RS A 9 4-5-4-7-6 FS $1,695,000- 3932 Namakeha Lp 12,575 sqft 2,848 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.

Lots of old/new listings, homes back on the market and price reductions but no homes went into escrow and none closed this past week. Buyer's continue to sit (on the fence) prices continued to soften, short sales and foreclosures increase, inventory grows.....

It's amazing - the difference in buyers now and back when it was a seller's market. Back "then" a buyer overlooked so many things in a property for the sake of getting it into escrow and making the sale. If things were wrong, unless they were major, most buyers just asked for a little concession or they took the property as is with plans for improvements down the road. Now, it seems that most buyers want something ready to go, something that has been remodeled or updated or at the very least, is very clean and livable. Everything is closely examined, weighed and a decision made as to if the price warrants the condition of the property. The contrast is amazing.

It's a different market, and a different type of buyer to be sure but make no mistake - it is a GREAT market. It's a great market with wonderful pricing, lots of variety, great rates and negotiable sellers. It's a time when a buyer can actually achieve the dream of home ownership. What could be better than that?

Before you start out on your journey to buy or sell, call or email for the facts on the property that interests you. There are some special properties out there, you just have to take the time to look. Check out Pu'u Poa 404 listed for only $1.095M! Last sale was unit 411 for $1.3M.

Aloha Elaine

I always ride Incognito with a full face helmet!

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 the July Market Statistics update. Real estate continues to lag as we head into the last month of summer, which hasn't turned into the hot market everyone hoped for. For the month of July 09, there was an 18% decrease over sales compared to July 2008, down from 60 to 49, and a 32% decline year to date, from 389 at this time in July 08 to 262 in 09. Comparing these totals to years past, July 07 had 83 sales, 06 = 96 sales, 05=167 sales and 04=154 sales.

The majority of the sales were residential in nature, with 27 homes sold, 6 land sales, 1 commercial sale and 15 condos. This is a list of all the homes that sold this past month:

Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
220533 4912 Aliali Rd #3 7/31/2009 $172,500
214504 8093 Amakihi Pl 7/23/2009 $310,000
221770 4614 Palila Loop 7/30/2009 $340,000
224385 4752 Menehune Rd 7/6/2009 $350,000
213090 4875 Aliali Rd 7/27/2009 $365,000
199693 3280 Hailima Rd 7/15/2009 $375,000
219633 6137 Kolopua St #1 7/31/2009 $378,000
223867 5047 Kula Rd 7/31/2009 $379,000
223808 7743 Ulili Rd 7/27/2009 $392,500
214276 577 Aewa St 7/10/2009 $405,000
210078 3787 Nanakai Rd 7/21/2009 $410,000
222284 4573 Kuilei St 7/20/2009 $450,000
208667 Moloaa & Kaapuna Hui Lands Lot #:J 7/23/2009 $530,000
215901 4460 Puhi Rd 7/8/2009 $545,000
224917 3979 Pai St 7/31/2009 $620,000
223680 4320 Kalaheo Dr 7/17/2009 $680,000
221094 4901 Wailapa Rd #A 7/1/2009 $725,000
220690 5729 Noni St 7/31/2009 $778,000
217823 6440-J Kipapa Rd #A 7/22/2009 $808,000
212776 2829 Milo Hae Loop 7/24/2009 $1,100,000

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

The greatest activity was in the Hanalei zone which saw 8 residentail sales, 3 land sales and 3 condo sales. Close behind Hanalei was the Koloa zone with 7 residential sales, 1 land sale, and 5 condo sales

Sales volume was down substantially, from $48M to $25M comparing July 08 to 09 which represents a 46% decrease. Year to date for July 08 showed sales of $330M while July 09 year to date only posted $168M in sales for a 49% decline. Compared to past years, July 07 posted $70M, 06=$60M, 05=$113M and 04=$131M. Spread among the various catagories of real estate, there was $14M of residential property that changed hands in July 09, $2.8M of land, $350K was commercial and $8M was spent on condos.

Median price for residential in July 09 compared to 08 went to $450K from $575K. For July 07 the median price was $678K, 06 was $745K, 05=$690K and 04 was at $485K. Land median price for July 09 was $296K compared to $514K in 08. Land median prices for the past few years were as follows: July 07=$536K, 06=$446K, 05=$589K and 04 was $602K. Condominiums saw a rise this July 09 with a median price of $525K compared to $435K in July 08, $575K in July 07, $477K in July 06, $440 in July 05 and $370K in July 04.

Here are the condo sales for July 09 which shows the $525K median price:

Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
224555 Kauai Beach Resort #4206 7/30/2009 $94,100
223538 Kauai Beach Resort #2522 7/8/2009 $99,000
221064 Halelani Village At Puhi Ph I #A201 7/30/2009 $165,000
221121 Princeville Paniolo #103 7/20/2009 $184,900
191109 Kauai Beach Villas #G3 7/1/2009 $375,000
218983 Pono Kai #C209 7/24/2009 $380,000
226176 Villas At Puali #82 7/27/2009 $400,000
220809 Regency At Poipu Kai #414 7/30/2009 $525,000
221524 Waipouli Beach Resort #C401 7/17/2009 $535,000
226288 Regency At Poipu Kai #120 7/29/2009 $600,000
223314 Villas Of Kamalii #44 7/13/2009 $600,000
222144 Kiahuna Ph Ii #165 7/15/2009 $675,000
206901 Poipu Sands #428 7/20/2009 $800,000
222524 Puu Poa #411 7/7/2009 $1,300,000
206968 Honu Kai Villas #4 7/10/2009 $1,625,000

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

Here are the July 08 condo sales showing the mid point median price of $435K:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
210506 Islander On The Beach #168 7/3/2008 $180,000
213554 Prince Kuhio #402 7/16/2008 $200,000
208994 Prince Kuhio #402 7/10/2008 $200,000
203269 Kawaihau Sports Villa #D101 7/3/2008 $225,000
205067 Plantation Hale #G1 7/29/2008 $230,000
207420 Halelani Village At Puhi Ph Ib #S202 7/15/2008 $235,000
212437 Puamana #26B 7/29/2008 $325,000
204373 Villas At Puali #24 7/16/2008 $435,000
206958 Plantation At Princeville #511 7/3/2008 $525,000
214012 Plantation At Princeville #712 7/23/2008 $529,000
202868 Alii Kai At Hanalei #1103 7/29/2008 $595,000
201078 Kiahuna Ph Ii #116 7/10/2008 $700,000
204295 Hanalei Bay Villas #4 7/14/2008 $845,000
189783 Poipu Makai #A3 7/29/2008 $900,000
197083 Hanalei Bay Resort #G32 7/30/2008 $1,350,000

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

Here is your data for the July 07 figure of $575K:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
194926 Lihue Townhouse #207 7/24/2007 $215,000
159182 Plantation Hale #B3 7/20/2007 $244,000
185027 Kalapaki Villas #2503 7/11/2007 $297,000
196350 Banyan Harbor #97 7/2/2007 $335,000
189884 Kiahuna Ph Ii #80 7/27/2007 $340,000
196188 Kiahuna Ph Ii #110 7/10/2007 $372,000
188991 Koloa Garden Apartments #1 7/26/2007 $440,000
194312 Cliffs At Princeville #3108 7/18/2007 $452,000
176739 Lihue 7/18/2007 $455,000
194715 Waikomo Stream Villas #100 7/9/2007 $490,000
173420 Pono Kai #C302 7/12/2007 $490,000
176125 Kahala At Poipu Kai I #913 7/27/2007 $525,000
198314 Plantation At Princeville #922 7/11/2007 $566,815
193039 Plantation At Princeville #1411 7/6/2007 $575,000
195791 Cliffs At Princeville #7202 7/31/2007 $575,000
180726 Regency At Poipu Kai #123 7/16/2007 $639,000
195485 Kiahuna Ph Ii #139 7/27/2007 $650,000
194769 Plantation At Princeville #322 7/16/2007 $700,000
194831 Emmalani Court #524 7/3/2007 $700,000
192490 Kiahuna Ph I #28 7/10/2007 $765,000
191642 Emmalani Court #222 7/11/2007 $815,000
194159 Hanalei Bay Villas #12 7/20/2007 $925,000
193205 Villas Of Kamalii #51 7/3/2007 $975,000
189633 Hanalei Bay Resort #A11 7/6/2007 $1,695,000
152046 Kaiulani Of Princeville #31 7/16/2007 $1,822,350
152044 Kaiulani Of Princeville #29 7/31/2007 $1,825,850
152047 Kaiulani Of Princeville #32 7/6/2007 $1,903,800

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

...and for July 06:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
174065 Kauai Beach Resort #2411 7/13/2006 $249,000
163067 Plantation Hale #D12 7/27/2006 $275,000
177763 Kauai Beach Resort #2539 7/20/2006 $284,000
133007 Lihue 7/28/2006 $292,728
143118 Lihue 7/6/2006 $293,434
169665 Halelani Village At Puhi Ph Ib #T202 7/19/2006 $300,000
181528 Kauai Beach Resort #1326 7/20/2006 $305,000
181525 Kauai Beach Resort #2432 7/20/2006 $320,000
147245 Lihue 7/28/2006 $323,262
167619 Kiahuna Ph Iv A #230 7/13/2006 $325,000
181531 Kauai Beach Resort #3219 7/20/2006 $330,000
154012 Plantation Hale #H15 7/18/2006 $330,000
173368 Kauai Beach Resort #2440 7/7/2006 $346,000
174139 Banyan Harbor #A6 7/21/2006 $350,000
173400 Halelani Village At Puhi Ph Ic #Y206 7/25/2006 $390,000
175972 Kauai Beach Resort #2522 7/5/2006 $399,000
176140 Kauai Beach Resort #4110 7/14/2006 $405,000
151405 Regency Huleia #36 7/10/2006 $444,000
151585 Regency Huleia #39 7/21/2006 $459,000
151258 Regency Huleia #41 7/18/2006 $459,000
151457 Regency Huleia #44 7/21/2006 $459,000
173701 Lihue 7/26/2006 $473,527
176735 Lihue 7/31/2006 $477,181
181521 Kauai Beach Resort #4114 7/20/2006 $485,000
173713 Regency Huleia #25 7/14/2006 $495,000
181530 Kauai Beach Resort #4213 7/20/2006 $495,000
176144 Kauai Beach Resort #4214 7/14/2006 $495,000
172965 Kapaa Sands #21 7/11/2006 $575,000
171845 Kaha Lani #109 7/12/2006 $577,500
168382 Kahala At Poipu Kai I #123 7/25/2006 $582,000
176815 Regency Huleia #73 7/11/2006 $595,000
179629 Manualoha Ph I & Ii #1103 7/21/2006 $615,000
179234 Kiahuna Ph Ii #72 7/20/2006 $630,000
177150 Islander On The Beach #308 7/28/2006 $640,000
177652 Puamana #3A 7/14/2006 $640,000
174233 Puamana #14A 7/31/2006 $650,000
182259 Nihilani At Princeville Resort #17A 7/31/2006 $710,800
174467 Sealodge Ii #H9 7/14/2006 $745,000
174510 Poipu Kapili #19 7/12/2006 $798,000
169036 Nihi Kai Villas #510 7/18/2006 $805,000
171679 Lae Nani #121 7/14/2006 $824,000
164992 Nihi Kai Villas #521 7/20/2006 $850,000
170002 Kuhio Shores At Poipu #416 7/3/2006 $1,080,000
167603 Makahuena #III203 7/20/2006 $1,500,000
173652 Puu Poa #202 7/10/2006 $1,635,000

These are the condos that sold in July 05:
Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
152133 Kiahuna Plantation #426 7/14/2005 $159,000
151654 Kiahuna Plantation #441 7/27/2005 $179,000
153886 Kiahuna Plantation #428 7/14/2005 $185,000
152669 Kiahuna Plantation #440 7/18/2005 $189,500
145494 Kiahuna Plantation #412 7/29/2005 $190,000
107559 Kiahuna Plantation #433 7/25/2005 $190,000
152442 Islander On The Beach #365 7/15/2005 $217,500
155355 Islander On The Beach #267 7/12/2005 $250,000
141033 Islander On The Beach #365 7/18/2005 $257,500
160849 Halelani Village At Puhi Ph Ib #M202 7/26/2005 $264,000
150601 Islander On The Beach #201 7/15/2005 $265,000
155476 Islander On The Beach #219 7/11/2005 $265,000
152755 Kiahuna Ph Ii #123 7/15/2005 $270,000
150859 Kiahuna Ph Iii-b #334 7/25/2005 $275,000
154730 Paradise Court-kauai #E 7/22/2005 $275,000
157108 Halelani Village At Puhi Ph Ic #BB202 7/25/2005 $277,000
160057 Halelani Village At Puhi Ph I #D104 7/19/2005 $289,000
160252 Islander On The Beach #234 7/21/2005 $295,000
153052 Halelani Village At Puhi Ph I #L102 7/11/2005 $300,000
150571 Islander On The Beach #362 7/20/2005 $300,000
156820 Plantation Hale #B2 7/19/2005 $305,000
152355 Islander On The Beach #209 7/11/2005 $310,000
150599 Islander On The Beach #260 7/11/2005 $310,000
156148 Islander On The Beach #259 7/11/2005 $310,000
159764 Islander On The Beach #227 7/14/2005 $325,000
159762 Islander On The Beach #153 7/14/2005 $325,000
148191 Banyan Harbor #72 7/7/2005 $330,000
154837 Kalapaki Villas #2610 7/27/2005 $332,500
151883 Kalapaki Villas #302 7/19/2005 $345,000
152476 Kawaihau Sports Villa #K201 7/8/2005 $345,000
152907 Prince Kuhio #233 7/1/2005 $353,000
156180 Halelani Village At Puhi Ph Ic #DD106 7/27/2005 $355,000
153591 Kawaihau Sports Villa #B101 7/15/2005 $355,000
144843 Plantation At Princeville #512 7/29/2005 $405,000
157035 Princeville Paniolo #105 7/12/2005 $415,000
144822 Plantation At Princeville #321 7/20/2005 $435,000
144824 Plantation At Princeville #322 7/26/2005 $435,000
144845 Plantation At Princeville #521 7/8/2005 $435,000
144847 Plantation At Princeville #522 7/29/2005 $435,000
154536 Princeville Paniolo #203 7/5/2005 $445,000
148337 Kamahana #29 7/13/2005 $478,000
152664 Sandpiper Village I #134 7/13/2005 $485,000
150972 Manualoha Ph I & Ii #304 7/6/2005 $509,000
155649 Sandpiper Village I #133 7/28/2005 $520,000
154199 Sandpiper Village I #220 7/15/2005 $525,000
154936 Kahala At Poipu Kai I #513 7/7/2005 $545,000
148044 Plantation At Princeville #512 7/29/2005 $545,000
159212 Cliffs At Princeville #4206 7/29/2005 $545,000
146890 Poipu Crater #28 7/20/2005 $550,000
144846 Plantation At Princeville #521 7/8/2005 $562,066
155015 Emmalani Court #413 7/25/2005 $565,000
145060 Cliffs At Princeville #4209 7/11/2005 $570,000
160720 Plantation At Princeville #322 7/26/2005 $575,000
155290 Emmalani Court #311 7/29/2005 $575,000
155291 Emmalani Court #324 7/13/2005 $575,000
149438 Regency At Poipu Kai #513 7/29/2005 $585,000
153296 Alii Kai Ii Hanalei #11B 7/5/2005 $595,000
149763 Regency At Poipu Kai #412 7/1/2005 $600,000
155293 Emmalani Court #321 7/25/2005 $620,000
151352 Wailua Bay View Apartments #204 7/21/2005 $625,000
153595 Kamahana #5 7/26/2005 $650,000
153363 Cliffs At Princeville #7201 7/27/2005 $655,000
149679 Kahala At Poipu Kai I #211 7/5/2005 $662,500
149678 Makanui #212 7/20/2005 $675,000
147546 Regency At Poipu Kai #321 7/12/2005 $700,000
149102 Makanui #211 7/9/2005 $715,000
154270 Villas Of Kamalii #24 7/7/2005 $759,000
148793 Kuhio Shores At Poipu #413 7/6/2005 $805,000
156623 Villas Of Kamalii #43 7/22/2005 $805,000
152445 Lae Nani #524 7/26/2005 $820,000
156449 Poipu Sands #233 7/16/2005 $850,000
151148 Manualoha Ph I & Ii #306 7/6/2005 $865,000
147325 Kiahuna Ph Ii #166 7/29/2005 $875,000
155171 Poipu Shores #B302 7/25/2005 $1,195,500
140049 Hanalei Bay Resort #G32 7/12/2005 $1,200,000
150321 Puu Poa #105 7/15/2005 $1,345,000
148939 Whalers Cove At Poipu #212 7/21/2005 $1,600,000
153831 Puu Poa #110 7/20/2005 $1,637,500

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

and last but not least, here are the 04 July condo sales:

Copyright 8/18/2009 by Hawaii Information Service

MLS Data
MLS Number Location Sold Date Sold Price
122976 Kiahuna Plantation #425 7/29/2004 $127,000
136145 Lihue Townhouse #308 7/15/2004 $150,000
130912 Kiahuna Ph Ii #94 7/16/2004 $184,000
139020 Banyan Harbor #79 7/2/2004 $210,000
135798 Halelani Village At Puhi Ph Ib #P103 7/2/2004 $210,000
135270 Halelani Village At Puhi Ph I #E206 7/1/2004 $210,000
135389 Plantation Hale #B1 7/26/2004 $216,000
130652 Plantation Hale #J5 7/7/2004 $218,000
137077 Halelani Village At Puhi Ph Ib #R202 7/13/2004 $220,000
139249 Banyan Harbor #72 7/7/2004 $225,000
135749 Halelani Village At Puhi Ph I #J101 7/29/2004 $225,000
122697 Kiahuna Ph Ii #52 7/14/2004 $228,000
136607 Halelani Village At Puhi Ph Ib #T106 7/20/2004 $234,000
137707 Halelani Village At Puhi Ph Ic #W106 7/20/2004 $235,000
137343 Halelani Village At Puhi Ph I #K203 7/30/2004 $245,000
136606 Halelani Village At Puhi Ph Ic #AA205 7/1/2004 $250,000
136641 Banyan Harbor #74 7/30/2004 $250,100
135224 Halelani Village At Puhi Ph Ic #Y101 7/23/2004 $265,000
135979 Kalapaki Villas #2710 7/13/2004 $270,000
141514 Kalapaki Villas #2708 7/30/2004 $277,800
136563 Sunset Kahili #206 7/20/2004 $305,000
133466 Sunset Kahili #305 7/27/2004 $319,000
137336 Halelani Village At Puhi Ph Ic #AA206 7/19/2004 $319,000
135728 Hale Malu At Puhi #39 7/1/2004 $359,000
136980 Hale Malu At Puhi #21 7/30/2004 $370,000
139677 Wailua Bay View Apartments #310 7/16/2004 $370,000
136617 Sandpiper Village I #203 7/30/2004 $370,500
136151 Kawaihau Sports Villa #K202 7/15/2004 $372,000
137507 Kiahuna Ph Iv A #220 7/29/2004 $375,000
139233 Cliffs At Princeville #4209 7/9/2004 $375,000
134519 Hale Honu #1A 7/27/2004 $384,500
136711 Wailua Bay View Apartments #303 7/16/2004 $390,000
128862 Kamahana #4 7/28/2004 $390,000
135157 Prince Kuhio #2A 7/1/2004 $399,000
134246 Hale Kahanalu #8 7/6/2004 $399,500
134062 Kiahuna Ph Ii #105 7/30/2004 $430,000
129602 Hanalei Colony Resort #C3 7/23/2004 $431,000
133336 Kahala At Poipu Kai I #111 7/14/2004 $470,000
136777 Cliffs At Princeville #5307 7/28/2004 $470,000
136506 Kiahuna Ph Ii #71 7/16/2004 $490,000
136462 Kuhio Shores At Poipu #117 7/16/2004 $511,500
135252 Makanui #422 7/2/2004 $555,000
136038 Makanui #722 7/16/2004 $565,000
135620 Lae Nani #124 7/22/2004 $575,000
139837 Lae Nani #233 7/20/2004 $625,000
133597 Villas Of Kamalii #39 7/9/2004 $630,000
129780 Poipu Kapili #39 7/14/2004 $635,000
122031 Villas Of Kamalii #33 7/21/2004 $649,000
135732 Kahala At Poipu Kai I #321 7/19/2004 $650,000
128968 Villas Of Kamalii #14 7/23/2004 $655,000
136096 Lae Nani #336 7/23/2004 $670,000
139823 Poipu Shores #A206 7/20/2004 $772,500

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 always fun for me to look at the data behind the stats, especially when it comes to median price (as opposed to average price) to get a clearer picture of what actually sold.

Many buyers seem to think that with the large inventory currently on the market they can just wait and wait and wait until pricing goes down and then get "the pick of the litter" but ask any buyer in this market and they'll tell you that is not the case. While it's true there's a ample inventory what is also true is that properties that have "features and benefits" as opposed to "issues" are few and far between. You would think in this market that you could take a client out and be swamped with choices; that your buyer will need time to digest all the variables of each acceptable property. Again I say No, that is NOT the case. There are plenty of properties that need help but not many buyers looking to get into a fixer situation. The moral is, if you find something you love, buy it now. Don't wait to see if it will go down further because if it is a good property, someone else is likely to come along and snatch it out from under you. It really is worth a few extra dollars to buy something you love rather than to save a couple of thousand and be left thinking "I wish I had bought....."

Until next market update, come back for my weekly Princeville condo update or call or email for the facts on any property Islandwide. For a copy of the July 2009 market statistics visit my website by clicking here.

Aloha Elaine

My mobile office when on the mainland.

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!