Princeville, HI Real Estate News

By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Here we are in July already, in fact, it feels like July is almost over and we're heading into August! Before we get too far into July, I wanted to get your market statistics for June out to you. Starting with the Number of Sales: For June, Island wide residential saw a 39% decrease with a drop from 46 to 28 sales for June 07 compared to 08, and the same percentage decline year to date, going from 245 to 148 this time this year. Condos, Island wide were down 12% comparing June 07 to 08, with 24 sold in 07 and only 21 selling in 08. YTD there is a 35% decrease with sales going from 170 in 07 to only 110 in 08. Residential in the Waimea Zone went from 4 sold in June 07 to only 1 sold in June 08, with a 79% decrease YTD dropping from 24 to 5 sales. Koloa was down 10% comparing June ...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, If you've been reading my blog for any time now, you know I am always talking about sellers who need to come to terms with the buyer's market and price accordingly. Well guess what, the owner / agent of Nihilani 27B has done just that, reducing today from $669K to $589K after only 10 days on the market. This unit sold for $682,180 in 10/06 and is now a short sale, subject to lender approval. This is the Hoku floor plan, which is what I have. The original consisted of 1 bed / 1 bath and a family room downstairs, with a master bedroom / bath, living area, kitchen and powder room upstairs, but the developer offered a conversion of the family room to a third bedroom which is what I did, as did this owner. While not as big as the Makani which is also a 3 bedroom 2.5 bath, this Hoku un...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Let's get right to your update this week: Copyright 7/13/2008 by Hawaii Information Service NEW LISTINGS211523 O A 6 4-5-4-5-18-9 FS $599,000 Puamana #3A 1,532 #3A 2/2213369 T A 7 4-5-4-5-24-94 FS $999,000 Nihilani At Princeville Resort #32A 1,874 #32A 3/2.5 BACK ON THE MARKET210700 T A 68 4-5-4-5-24-98 FS $664,200 Nihilani At Princeville Resort #33B 1,406 #33B 2/2210596 T A 69 4-5-4-5-24-23 FS $665,200 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5210699 T A 68 4-5-4-5-24-31 FS $679,200 Nihilani At Princeville Resort #11A 1,406 #11A 2/2210598 T A 62 4-5-4-5-24-8 FS $686,200 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5212717 T A 25 4-5-4-5-24-13 FS $699,000 Nihilani At Princeville Resort #5A 1,874 #5A 3/2.5207651 T A 137 4-5-4-5-24-29 FS $699,200 Nihilani At Princevill...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, ...... and Happy 4th of July. I hope everyone enjoyed the weekend and got your fill of fireworks. They had 3 events here on Island. One was on Thursday at PMRF where the base was open to the entire Island for an evening fireworks / crafts / food event. There were approximately 2,500 who attended. Also, this year there was a day long 4th of July celebration at the Kekaha Community Center. There were games for the kids, food, crafts and of course Fireworks in the evening. The big event on the 4th of July is the Kauai Hospice Fundraiser, "The Concert in the Sky" another day long event held at Vidinah Stadium. This event tops them all and is an annual favorite. If you're here over the 4th next year, you must go to one of these fun events. On to your update: Copyright 7/6/2008 by Hawa...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, For those of you who have not been up to Kokee, I strongly encourage you to do so. Even if all have time to do is drive up, the views at the end of the road, on a clear day, are breathtaking. Here is your reward: Just to entice you further, here is another view: I also did an awesome hike while up there, but I'll save that for another time. Right now, let's get on to your weekly update: Copyright 6/29/2008 by Hawaii Information Service NEW LISTINGS210822 T A 3 4-5-4-5-13-28 FS $504,617 Kamahana #28 1,145 #28 2/2212856 T A 3 4-5-4-5-24-42 FS $698,000 Nihilani At Princeville Resort #14C 1,874 #14C 3/2.5213025 T A 2 4-5-4-5-12-28 FS $729,000 Sealodge Ii #J1 754 #J1 2/2212901 T A 4 4-5-4-5-16-37 FS $849,000 Alii Kai At Hanalei #5101 1,086 #5101 2/2 SALES205685 T S 135 4-5-4-15-21-21 ...
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By Ronnie Margolis, Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh
(KW Kauai)
At the conclusion of the Princeville at Hanalei presentation to the community of realtors, questions were taken from the audience. Here is a condensed version of that interaction that will hopefully provide more insight about development and the activities of Princeville at Hanalei, the owners of the Princeville Hotel, the Princeville shopping center, and close to 8,000 acres within the Princeville area.Q: What about the status of the long-promised  employee housing?A: Surveys say that employees would rather live in Kilauea. P at H is ooking at site across from the Church of the Pacific in Princeville, and looking at a place in Kilauea. No decision has yet been made on the location.Q: What about recycling? A; Need to come up to a plan that is sustainable.Q: What are future plans of the ...
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By Ronnie Margolis, Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh
(KW Kauai)
On June 11th, Princeville at Hanalei (formerly known as Princeville Corporation) gave a presentation to a gathering of the North Shore realtors of Kauai to talk about the status of development on the North Shore and specifically the Princeville at Hanalei projects. Jay Furfaro, one of our Kauai County Council representatives, Francis Oda, and Dee Crowell all spoke to the audience and fielded questions at the end of the 40 minute presentation. Jay, whose children are sixth generation Hawaiians, started off the meeting with a little bit of North Shore history that I found most interesting. Jay is the keeper of records for Gomez Ohana of Hanalei. His wife of 30 years, Ema Gomez, was raised in Hanalei, Kaua`i. The Gomez family descended from one of the original Princeville cowboys, Louis An...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, And welcome to summer. (June 21st is the start!) It was such a dry winter this year that it's hard to tell where summer starts. The weather has been outstanding pretty much the whole year - which is one of the many reasons people love to live here. We love where we live is the slogan of Country Brokers and I couldn't agree with them more. On to your update: Copyright 6/21/2008 by Hawaii Information Service NEW LISTINGS211984 T A 4 4-5-3-6-22-71 FS $925,000 Kaiulani Of Princeville #71 1,901 #71 2/2.5212581 T A 4 4-5-3-6-22-61 FS $975,000 Kaiulani Of Princeville #61 1,738 #61 2/2.5212284 T A 3 4-5-4-15-21-64 FS $485,000 Sandpiper Village I #227 1,173 #227 2/2.5212639 T A 4 4-5-4-5-18-1 FS $515,000 Puamana #1A 1,312 #1A 2/2212717 T A 3 4-5-4-5-24-13 FS $699,000 Nihilani At Princevil...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Here is today's red hot buy - brand new on the market is Nihilani unit 5C priced at $699K. At this price, it is the least expensive Makani unit in the complex and is well under what the developer is offering. The upgrades in this unit are nothing short of spectacular. I especially like the coconut wood floor, built in office in the den / office upstairs, travertine tile in the bathroom, and Plantation shutters throughout. This unit even has a wine cooler built into the kitchen island. It you like views, 5A sits on Ka Haku (yes, you do get come road noise) and offers wonderful lake, golf course and mountain view. I was impressed. You need patience to benefit from this great pricing becasue this is a short sale. These are all the three bedroom units on the market: Copyright 6/18/2008 by H...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, If you read last weeks update you saw Puamana 28B come onto the market at $319,900. I fully expected that this REO (bank owned property) would go quickly, but it went into escrow at warp speed! It was released as active on the MLS on 6-12 and went into escrow on 6-17. It's good to see this move so quickly. Compared to other units, it is an exceptional buy. Here are the other Puamana units on the market: Copyright 6/17/2008 by Hawaii Information Service MLS DATAMLS # Tp St DOM Taxkey Tnr Price Location Land area Details206918 T A 328 4-5-4-5-18-91 FS $470,000 Puamana #25B 1,532 #25B 2/2211294 T A 28 4-5-4-5-18-34 FS $497,950 Puamana #9C 1,532 #9C 2/2196884 T A 373 4-5-4-5-18-68 FS $499,000 Puamana #19B 1,660 #19B 3/2212639 T A 0 4-5-4-5-18-1 FS $515,000 Puamana #1A 1,312 #1A 2/220...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, And welcome to this weeks update. We had another week of spectacular weather- hope you did too. If you've been experiencing rain or even a little bit of cold, I think I'll defer from telling you how warm and comfortable and beautiful it's been here - I thinks it's best to go right to our update: Copyright 6/14/2008 by Hawaii Information Service NEW LISTINGS212012 T A 3 4-5-3-11-1-16 FS $970,000 Villas On The Prince #16 1,732 #16 3/2.5212437 T A 2 4-5-4-5-18-95 FS $319,900 Puamana #26B 1,532 #26B 2/2209599 T A 2 4-5-4-15-21-31 FS $455,000 Sandpiper Village I #131 1,042 #131 2/2181966 T A 2 4-5-4-15-21-50 FS $549,999 Sandpiper Village I #213 1,173 #213 3/2.5 BACK ON THE MARKET195595 T A 368 4-5-4-5-27-8 FS $399,000 Hale Honu #4B 866 #4B 2/1196884 T A 370 4-5-4-5-18-68 FS $519,000 P...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, Hate to sound repetitive, but it was another sublime week here on Kauai. We had a little bit of rain one day, late in the afternoon, but it was so brief, it only interrupted my riding (horseback) briefly. Over at the stable, you can see weather as it comes in across the adjacent acreage. On this particular day, I was riding in 10 minute increments, then dashing out to stand under the cover of the "wash rack" for two minutes as I watched the rain pass overhead and continue on to Hanalei Bay. That's just another one of many things I love about the Island: watching the weather. It was funny that it seemed to be so perfectly timed so as to arrive every 10 minutes. Ride for 10, wait for 2 and so on. My horse liked it though, less work for her. On to your update: Copyright 6/8/2008 by ...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha and welcome to June, (already!) Where has the year gone? They say time flies when you're having fun so maybe that's why it has gone by so very fast here in Kauai where even work is fun in this gorgeous weather! Real Estate has kept a steady pace and most agents are reporting more showings and more buyers on Island, although overall our visitor stats are down. At least this week we have three new escrows to report and four closings so let's get on to the update: Copyright 6/1/2008 by Hawaii Information Service NEW LISTINGS211203 T A 5 4-5-4-5-13-9 FS $535,000 Kamahana #9 1,759 #9 2/2211775 T A 5 4-5-4-5-17-44 FS $598,000 Alii Kai Ii Hanalei #13D 1,020 #13D 2/2 CONTINGENT SALES206958 T C 117 4-5-4-5-23-17 FS $549,000 Plantation At Princeville #511 1,153 #511 2/2210601 T C 95 4-5-4-5...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, I'm finally back on Kauai after a short trip to the mainland. On my Friday return I was greeted with hazy views of the mountains caused by the "vog" from the Big Island. Apparently, our trades had died leaving Kauai shrouded by this unfamiliar vog which is a by-product of the volcanic eruption on the Big Island. Thankfully, the trades are back and the vog is gone. If you're not familiar with vog, think if LA smog and just put a "v' in place of the "sm" and you'll get the idea. That's one of the concerns I hear from those thinking to relocate to the Big Island. Apparently it is an issue in Kona and elsewhere and can be almost incapacitating for those with severe allergies. Not so on Kauai. This was the first time I'd seen what looked like fog over our mountains and I don't hope to...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha, I'm on the mainland enjoying the peace and tranquility of Chincoteague Island in VA, and was previously in VT and NH visiting relatives which is why my update is a day late. One thing I love about Real Estate, (aside from the fact that I just love it-) is that I can travel and take my work with me. Some people seem to think this is a bad thing. They apologize when they call and find out I am away from home or are reluctant to send an email because they don't "like to bother" me while I am on "vacation." I, however, see it quite differently. I think it is amazing that I can go different places and still conduct business as long as I have my laptop and cell phone. How many other jobs allow that kind of flexibility and latitude? All I can say is keep the calls and emails coming. Jus...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha and Happy Mother's Day! If you're here on Kauai then you're enjoying exceptional weather this special day, and if you're not, well - I do hope your weather is as flawless as ours is here. The mere fact that you're reading this blog inidcates you have some interest in being here, so let's get on with this week's update: Copyright 5/11/2008 by Hawaii Information Service NEW LISTINGS209505 T A 5 4-5-3-11-1-32 FS $980,000 Villas On The Prince #32 1,737 #32 3/3210969 T A 6 4-5-3-6-22-2 FS $1,850,000 Kaiulani Of Princeville #2 2,843 #2 3/3.5210902 T A 6 4-5-4-5-39-4 FS $489,000 Cliffs At Princeville #1104 917 #1104 1/2209450 T A 2 4-5-4-15-21-44 FS $522,500 Sandpiper Village I #207 1,173 #207 2/2.5211031 T A 5 4-5-4-5-18-87 FS $527,000 Puamana #24B 1,732 #24B 2/2210598 T A 6 4-5-4-5-24-...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha,It looks like we've got many new listings but when you get into it, you'll see they are all "repeats." Here is your condo listing update for this past week:Copyright 5/3/2008 by Hawaii Information ServiceNEW LISTINGS210770 T A 1 4-5-3-11-1-30 FS $815,000 Villas On The Prince #30 1,732 #30 3/3210605 T A 5 4-5-3-6-22-22 FS $2,395,000 Kaiulani Of Princeville #22 2,864 #22 3/3.5210590 T A 5 4-5-4-5-7-9 FS $499,000 Princeville Sealodge #B1 566 #B1 1/1208790 T A 4 4-5-4-5-7-11 FS $499,999 Princeville Sealodge #B3 570 #B3 1/1210822 T A 1 4-5-4-5-13-28 FS $570,000 Kamahana #28 1,145 #28 2/2210596 T A 5 4-5-4-5-24-23 FS $598,300 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5210699 T A 4 4-5-4-5-24-31 FS $610,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2210700 T A 4 4-5-4-5-24-...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha,Everyone always wants to know "How's the market? Is it doing better than the mainland? Are properties selling? Do you think that it is starting to pick up?" and on and on. While I enjoy giving my professional opinion (bear in mind, we all have opinions) and / or speculating about what I think will happen next, I think a great visual explanation of the market is to pull up and print out what we in the business call a "listing update" which spans the last month, and look at it as a whole.A listing update is nothing more than what is new on the market. Most agents search the MLS for the "daily update" and occasionally some will look to see what happenned over the last day or two. I like to pull it up for the last month, and take a look at how many units came on the market vrs. how ma...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
 Aloha,Let's get right to it. Here is your update for last week:Copyright 4/27/2008 by Hawaii Information ServiceNEW LISTINGS210071 T A 4 4-5-4-12-2-34 FS $490,000 Hale Moi #214 1,033 #214 1/2210522 T A 2 4-5-4-12-2-16 FS $499,500 Hale Moi #116 1,033 #116 1/2210504 T A 2 4-5-4-15-21-59 FS $529,900 Sandpiper Village I #222 1,173 #222 3/2.5 BACK ON THE MARKET176670 T A 733 4-5-4-5-16-57 FS $799,000 Alii Kai At Hanalei #7202 886 #7202 2/2 CONTINGENT SALES200357 T C 243 4-5-4-5-23-42 FS $525,000 Plantation At Princeville #1112 1,153 #1112 2/2206801 T C 78 4-5-4-5-7-48 FS $759,000 Princeville Sealodge #E10 633 #E-10 1/1 SALES152081 T S 0 4-5-3-6-22-16 FS $2,100,000 Kaiulani Of Princeville #16 2,861 #16 3/3.5SOLD 4/21/2008 for $2,127,240 (CASH, CNV) DOM 0 UNDER CONTRACT209956 T U 14 4-5-4-11-...
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By Elaine Schaefer, R, CRS, GRI, ABR, SFR
(Sold on Kauai Realty)
Aloha,I think I've finally caught up! Last week was exceptionally busy after coming back from being on Oahu from Wed, the 9th to Sunday the 13th. This week I'm back on track, even if the weather is so beautiful that it just begs for one to go to the beach - to swim, body surf, lay in the sun - for anything. Oh well. Even if I can't partake in all that Kauai has to offer it's still great just being in Paradise. On to your weekly condo update:Copyright 4/20/2008 by Hawaii Information ServiceNEW LISTINGS207502 T A 3 4-5-4-5-3-17 FS $399,000 Princeville Paniolo #202 1,058 #202 1/2210059 T A 6 4-5-4-5-27-18 FS $450,000 Hale Honu #9B 1,085 #9B 3/2210045 T A 2 4-5-4-5-27-1 FS $460,000 Hale Honu #1A 1,085 #1A 3/1.5209990 T A 3 4-5-4-5-30-19 FS $619,000 Princeville Mauna Kai #D301 1,488 #D301 3/...
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