Princeville, HI Real Estate News

By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, It's been an interesting week what with all the controversy around the possiblity of more timeshares in Princeville. (See my last two blogs for details.) I am seeing more and more short sales and Bank REO's coming onto the MLS which only makes me say all the more, now is a good time to buy. Take a look at the update for this past week: Copyright 1/25/2009 by Hawaii Information Service NEW LISTINGS220078 T A 2 4-5-4-5-3-19 FS $299,000 Princeville Paniolo #204 1,058 #204 1/2220199 T A 4 4-5-4-5-13-4 FS $354,900 Kamahana #4 1,145 #4 2/2218310 T A 6 4-5-4-12-5-9 FS $869,900 Pali Ke Kua Incr I, ii, iii #109A 717 #109A 1/1219956 T A 2 4-5-4-12-3-10 FS $925,000 Hanalei Bay Villas #10 1,244 #10 2/2.5218924 T A 3 4-5-4-6-1-11 FS $945,000 Villas Of Kamalii #11 1,825 #11 3/3 BACK ON THE MAR...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, I'm always happy to report on the unexpected, especially when the news is good. Last blog I reported on a meeting held in Princeville where developer Jeff Stone said he was requesting a zoning change from R-4 to R-10 to put timeshare in on the Meadows and Greens area of Princeville. The meeting had the appearances of being held "under the radar" as there was very little notice. Fortunately, a few concerned citizens found out about the meeting and got the word out so that approximately 250 people showed up to voice their concerns. In today's Garden Island (1-25-09) it is reported that Jeff Stone is withdrawing the zoning amendment application "in order to allow us further time to engage more fully with the community." Mind you, this doesn't say he isn't going to move forward it wi...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, There always seems to be one controversy or another going on regarding development on Kauai and the latest involves Princeville. Last night there was a "not well publicized" neighborhood meeting in Princeville with Jeff Stone as the speaker. You may know Stone as the individual who heads up a joint venture company called Princeville Associates LLC that paid around $220M back in 05 for the purchase of the 9,000-acre Princeville resort, including the 252-room Princeville Hotel, two Robert Trent Jones Jr. golf courses, a tennis club, health spa, shopping center (now on the market) airport and other land holdings on Kauai's North Shore. This meeting was to present rezoning plans for the areas known as the Meadows and the Greens, land which borders the highway and the Prince Golf cour...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, It's been interesting week weather wise and a productive one in terms of real estate. Starting with the weather: it's been pretty much a mixed bag this week, with some rain, some sun and cooler temperatures (or at least what we call "cooler temperatures!") Friday the State closed schools everywhere but on the Big Island in anticipation of a huge winter storm that was supposed to hit accompanied by wind gusts of up to 60 mph. We did have several brief periods of heavy rain and some gusty winds, but the storm that was anticipated never really occurred. What did occur is that many working parents found themselves with children at home on a workday - and many were scrambling for a quick solution so they could get themselves off to work. On the other hand, the kids loved it since they...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, It's continued to be a fairly wet and windy week with Saturday the only day with bright blue skies and no rain. It was good to see buyers out and about looking at property while I was out showing with my clients. These buyers know there are good bargains to be had if you only ask. Here is your update for this past week: Copyright 1/11/2009 by Hawaii Information Service NEW LISTINGS219806 T A 2 4-5-3-6-22-6 FS $2,465,000 Kaiulani Of Princeville #6 2,861 #6 3/3.5219527 T A 6 4-5-4-15-21-54 FS $499,000 Sandpiper Village I #217 1,173 #217 2/2.5 BACK ON THE MARKET216880 T A 86 4-5-4-12-10-24 FS $526,900 Emmalani Court #412 1,192 #412 2/2212901 T A 177 4-5-4-5-16-37 FS $798,500 Alii Kai At Hanalei #5101 1,086 #5101 2/2205502 T A 373 4-5-4-11-3-125 FS $995,000 Hanalei Bay Resort #R17 86...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Hau'oli Makahiki Hou! In other words, Happy New Year. We've been having a pretty wet winter so far, at least up here on the North Shore. It's fun to watch wave after wave of rain come in off the ocean. It's almost like it's prepackaged. You see it coming, then you hear it travel over the condo roof, and finally you can watch it move across the parking lot from the back lanai. Or, it may come the opposite direction from the mountains out to the sea. Either way, we're getting more than our share of wet weather. 2009 ushers in a new year for Real Estate, one which I think will make many buyers very happy. Sellers may still have to come to terms with pricing but for those that are willing to price attractively, the buyers will come. On to your update: Copyright 1/3/2009 by Hawaii Informatio...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, The end of the year draws near as we count down the days until 2009. 2008 was certainly interesting and brought many great opportunities for real estate ownership. Thank you to all of those who allowed me to assist them in buying their dream home or in selling their property so they could move on to the next phase of their life. It was a year that demanded creativity both in pricing and in contract negotiations. 2009 will usher in some of the best real estate pricing and selection we've seen in a long time. All I can say, as I've said so many times before, don't miss out! Here is your update for this week: Copyright 12/27/2008 by Hawaii Information Service NEW LISTINGS219363 T A 1 4-5-4-5-18-68 FS $459,000 Puamana #19B 1,660 #19B 3/2 BACK ON THE MARKET211712 T A 218 4-5-4-11-3-7 ...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Finally, we have a bright sunny day today. This past week is one where I've felt sorry for the visitors. After all, they come for the balmy trades, warm sun and bright blue skies but by and large, that was not the case last week. Although there were periods of sunshine, the days basically started and ended overcast and rainy. Today is what I consider a typical "winter" day in Hawaii - about 74 degrees, nice breezes, brilliant sunshine and just a few white fluffy clouds out over the ocean. Real Estate wise, it's understandably been a quiet week as everyone gets ready for Christmas. Here is your update for this past week: Copyright 12/21/2008 by Hawaii Information Service NEW LISTINGS219178 T A 3 4-5-4-11-3-4 FS $1,695,000 Hanalei Bay Resort #A22 1,705 #9201-2-3 (A22) 3/3 BACK ON T...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, This week ended as a wet one, with our first big winter storm slamming into the Island, causing flooding, road closures and flash flood warnings. The storm was Island wide with an average of 4 to 6 inches per hour of rain falling over most of the Island, with as much as 8 to 10 inches in some areas. (This per the Garden Island newspaper.) When it rains this hard, it's a great time to stay home and catch up with all the things you always meant to do ‘on a rainy day.' Naturally, there weren't too many people out looking at real estate. Here's your update: Copyright 12/13/2008 by Hawaii Information Service NEW LISTINGS218883 T A 4 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3218864 T A 3 4-5-4-5-23-11 FS $699,000 Plantation At Princeville #321 1,318 #321 ...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, It looks like the developer of Nihilani condos is finally getting competative with the resales. In other words, Brookfield is getting real. Case in point: Nihilani 33A, a three bedroom, two and a half bath townhouse style condo listed by Brookfield for $731,500 closed on 12-08 at the unbelievable price of $625,000. Now that's what I call a price discount and is a strong indication of how desperate the developer is to move these remaining units and get down to business with their new Poipu project, PiliMai. Don't get me wrong. There's nothing wrong with these condos that is causing the developer to "unload" then except for the fact that they got caught like everyone else in the market decline. Here they were building this great complex, increasing the price each release, when the ...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Those of you who already own or have researched the Princeville area probably know that we have a "Princeville at Hanalei Community Association." Their November 2008 Newsletter provided some valuable updates which I'd like to share with you, starting with their request to close the path to Queen Emma's Bath during the winter months. This request comes as a result of two recent death at this popular tourist attraction. The parking lot and trail for Queen Emma's bath are owned and controlled by the County not the PHCA but the PHCA submitted a written request for closure of both the lot and the trail due to the dangerous condition often present during the winter months. More forthcoming on this issue. If you are going to be here on December 14th, be sure to show up for the "2nd Annual Hol...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, We've had glorious weather this past week. It's the kind of stuff that makes people immediately fall in love with the Island and never want to leave. Bright blue skies, a few puffy clouds now and again and a nice cool breeze. Yes, we do love that cool breeze coupled with the warmth of the sun. It simply can't be beat. We've already had several instances of winter swells which bring high surf. It was reported that Hanalei Bay saw waves 25 to 30 feet, and I've seen whitewater from my condo twice already this season. I always see the water but it's only when the waves are high that I am treated to the whitewater spray of the waves as they roll in. Absolutely awesome. This time of the year you can also tell locals from visitors. Evenings actually get a little cool around here sometim...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Happy Belated Thanksgiving to all. I hope that all of you enjoyed a wonderful Thanksgiving day filled with great food, good fun but most importantly - friends and family. It was fairly quiet on the real estate scene as you'll see from the update which follows: Copyright 11/30/2008 by Hawaii Information Service NEW LISTINGS217907 T A 6 4-5-3-6-22-27 FS $1,850,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5217211 T A 4 4-5-4-5-39-39 FS $375,000 Cliffs At Princeville #2109 917 #2109 1/2 EXPIRED209209 T X 242 4-5-4-15-21-32 FS $329,000 Sandpiper Village I #132 1,042 #132 2/2211887 T X 178 4-5-4-15-21-28 FS $459,000 Sandpiper Village I #128 1,042 #128 2/2212164 T X 178 4-5-4-15-21-65 FS $499,000 Sandpiper Village I #228 1,173 #228 2/2.5212901 T X 151 4-5-4-5-16-37 FS $849,000 Alii Kai...
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By James G. Pycha, (R), REMAX Kauai Broker
(James Pycha (R) - REMAX KAUAI)
Unlike Poipu Condominiums that experienced a 35% spike from 2004 to 2006, Princeville's Mean Sales Price increase has been more gradual. Consequently, the back-pedaling of equity values in the Princeville condominium market, therefore, shows statistically a much less less-dramatic contraction. This phenomenon may also be attributed to the consistently higher number of condominiums on the market in Princeville over Poipu that moderates such market fluctuations. HOTLINKS Find:    Kauai Real Estate     [Land]   [Homes]   [Condos]    [Businesses] Book:  Kauai Vacation Rentals   [Princeville]    [Poipu]    [All Kauai] Why Use REMAX ?                         Why Join REMAX ? REMAX KAUAI Property Search
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By Debra A. Jason, Kauai Realtor - Kauai Homes For Sale, Kapaa to Haena
(Na Pali Properties, Inc.)
For those of you who have been interested or already own homes in Princeville, HI, here’s an update on what’s happening in the community. You may already know that the Princeville Resort is closed for a $40 million renovation, but the Makai Golf Course is also getting a face lift. Golfers, here’s what’s happening (as per a flyer circulated in the local community dated Nov. 10th). Earth moving began in the area of the former practice putting green and #1 tees at the beginning of November. Further grading is going on at the #1 hole. The first green, surrounds and bunker complex shaping were schedule for the 2nd week of November with architect’s approval expected this week (I don’t know the status of that to date). Once approved, drainage & irrigation will be installed before final shaping...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, This has been a relatively quiet week, which is common for this time of the year, as our thoughts turn to family and friends in anticipation of Thanksgiving. Just one new listing, one sale and several good price reductions. Here is your update for last week: Copyright 11/23/2008 by Hawaii Information Service NEW LISTINGS218237 T A 5 4-5-4-12-9-28 LH $252,000 Pali Ke Kua Iii #238 993 #238 1/2218092 T A 4 4-5-4-5-3-15 FS $650,000 Princeville Paniolo #115 1,058 #115 1/2218304 T A 3 4-5-4-12-10-13 FS $669,000 Emmalani Court #311 1,456 #311 2/2 BACK ON THE MARKET199453 T A 293 4-5-4-12-10-19 FS $480,000 Emmalani Court #322 1,192 #322 2/2 SALES211709 T S 75 4-5-4-5-18-97 FS $429,000 Puamana #26D 1,532 #26D 2/2SOLD 11/21/2008 for $386,000 (FHA) DOM 75 WITHDRAWN210387 T W 199 4-5-4-12-10...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, This has been a relatively quiet week, which is common for this time of the year, as our thoughts turn to family and friends in anticipation of Thanksgiving. Just one new listing, one sale and several good price reductions. Here is your update for last week: Copyright 11/23/2008 by Hawaii Information Service NEW LISTINGS218237 T A 5 4-5-4-12-9-28 LH $252,000 Pali Ke Kua Iii #238 993 #238 1/2218092 T A 4 4-5-4-5-3-15 FS $650,000 Princeville Paniolo #115 1,058 #115 1/2218304 T A 3 4-5-4-12-10-13 FS $669,000 Emmalani Court #311 1,456 #311 2/2 BACK ON THE MARKET199453 T A 293 4-5-4-12-10-19 FS $480,000 Emmalani Court #322 1,192 #322 2/2 SALES211709 T S 75 4-5-4-5-18-97 FS $429,000 Puamana #26D 1,532 #26D 2/2SOLD 11/21/2008 for $386,000 (FHA) DOM 75 WITHDRAWN210387 T W 199 4-5-4-12-10...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Winter most definitely showed its face yesterday in the form of a huge afternoon downpour that lasted off and on into the evening. I was at the stable riding, and had just gotten off my horse when the rain started. By the time I left there, I was soaked through and through and there were small rivulets of water everywhere. Today we have high winds and gusts and intermittent rain - and whitecaps on the ocean. Believe it or not, it's still Paradise, just a different side of it. Here is your update: Copyright 11/15/2008 by Hawaii Information Service NEW LISTINGS216277 T A 0 4-5-3-11-1-10 FS $985,000 Villas On The Prince #10 1,732 #10 3/3210971 T A 1 4-5-3-6-22-10 FS $2,150,000 Kaiulani Of Princeville #10 2,864 #10 3/3.5 CONTINGENT SALES212856 T C 142 4-5-4-5-24-42 FS $619,900 Nihila...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Welcome to this week's update. Once again I must say that there are MANY good buys available now and I just received news from one of my lenders that conforming loan limits will go up in 2009 from $625,500 to $713,000. Now that's something to be excited and happy about. Here is your update for this week: Copyright 11/8/2008 by Hawaii Information Service NEW LISTINGS217582 T A 1 4-5-3-6-22-18 FS $2,349,000 Kaiulani Of Princeville #18 2,864 #18 3/3.5217510 T A 5 4-5-4-11-3-95 FS $569,000 Hanalei Bay Resort #P13 867 #1105/6 1/2217448 T A 6 4-5-4-12-11-15 FS $1,300,000 Puu Poa #201 1,359 #201 2/2 BACK ON THE MARKET210999 T A 184 4-5-4-12-10-42 FS $574,900 Emmalani Court #525 1,456 #525 2/2 CONTINGENT SALES212717 T C 143 4-5-4-5-24-13 FS $699,000 Nihilani At Princeville Resort #5A 1,8...
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By Ronnie Margolis, Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh
(KW Kauai)
Here's a reblog of a post written by my new broker, Matt Beall, which i think makes a good point about October Sales Results of the Kauai Real Estate market. Of course, just as I was taking a flight on Monday night i met a golfer who told me his buddy fell in love with a home in Hanalei Bay and sure enough, it went into escrow today. Listing price, 12.990 Million. That being said, Matt makes some good points in his POV below... Hi everyone, here are the Kauai sales stats, October 2008.  The first page (Number of Sales) has some dramatically low figures.  Let’s take the north shore for example, only THREE houses sold on Kauai’s north shore in October.  And, of the 186 condominiums for sale on the north shore (mostly Princeville) , only ONE sold in October.  Kauai’s east side hasn’t faire...
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