Islander on the Beach for Sale

Islander on the Beach update

July 16, 2009

Here you go! Everything you wanted to know (and more) about the Islander on the Beach units offered for below $200,000.

Of the available units that I think are most representative of the market:

· Unit #368, short sale offered at $109,900 with 2 beds and an ocean view from lanai only; click here for photos

· Unit #365, short sale, offered at $115,000 local bank, with 2 beds, end unit with additional window, mountain views and ocean view from lanai

· Unit # 220, short sale, offered at $125,000, with 2 beds and ocean view from the lanai click here for MLS photos The Listing agent has indicated that they may be increasing the asking price and no longer offering as a short sale as the bank does not seem to want to pursue short sales.

· Unit #321, "regular" sale, offered at $129,000, 2 beds and ocean view. Click here for photos.

· Unit #168, "regular" sale, offered at $139,000, 2 beds and ocean view from lanai. Click here for MLS photos.

· Unit #233, short sale, offered at $149,000, end unit, 1 bed + couch, pool/ocean view, kind of overlooking the bar. I do not have photos and the photos on MLS are stock photos not of the specific unit. For this one the bank has indicated they will not cooperate with a short sale, but the seller is opting to leave it on the market in the hopes they will change their minds. There is/are offers in on this unit.

· Unit #342, Bank Sale, offered at $189,000, 1 bed + couch, GREAT pool/ocean views. Click here for photos. Based on recent sales and other available listings, I think this is about $50,000 overpriced.

· Unit #153, short sale, Ocean Front offered at $189,000. The bank for this short sale is Wells Fargo, so the review period could be short (about 6 weeks or less) in comparison to other major banks short sale processing times

· Unit #334, short sale, in my opinion this is overpriced unit offered at $199,900, Ocean/Pool view in the Lanai Building.

There have been 3 sales in the past three months, 2 ground floor units in the Oahu building both of which closed at $95,000 and one sale in the Hawaii building of an ocean view bank sale which closed at $105,000.

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

www.MyKauaiProperty.com