Islander on the Beach update 12.20.2010

Condos on the Beach!

The Islander on the Beach is an Oceanfront* complex centrally located in Kapaa behind the Coconut Marketplace. The complex is comprised of studio units with hotel style layout ~ wet bar, private bath, and large lanais. Below is a chart of available listings! The underlined MLS number is a link to details (description, photos, square footage, monthly maintenance fees, annual taxes, etc).

I have highlighted short sale offerings in red and bank sale/bank owned units in blue.

There are 24 units for sale offered from $75,000 to $250,000 with variability based on short sale or bank sale status as well as location within the complex and views.
Though the majority of units are offered for cash only, MLS #s: 240379, 238636, 234490, 234486, 236327, 234499, 231893, 231894 may have financing available from Pacific Rim Bank for qualified buyers (estimated 25% down, check with lender for specific details and requirements)

Please do not hesitate to call or email if you have any questions or would like additional information.

MLS #	Location	Price
239978	Islander On The Beach #204	$75,000
240379	Islander On The Beach #114	$79,999
236137	Islander On The Beach #166	$88,000
238636	Islander On The Beach #269	$88,000
236313	Islander On The Beach #238	$89,000
236322	Islander On The Beach #244	$89,000
234490	Islander On The Beach #201	$94,000
234809	Islander On The Beach #357	$95,000
231996	Islander On The Beach #143	$99,000
231997	Islander On The Beach #142	$99,000
232573	Islander On The Beach #371	$116,000
234486	Islander On The Beach #141	$119,600
234499	Islander On The Beach #365	$119,600
236327	Islander On The Beach #170	$119,600
231306	Islander On The Beach #145	$149,000
210885	Islander On The Beach #148	$159,000
236311	Islander On The Beach #151	$160,000
231893	Islander On The Beach #231	$165,000
231894	Islander On The Beach #232	$170,000
236971	Islander On The Beach #345	$189,000
231577	Islander On The Beach #324	$225,000
180062	Islander On The Beach #249	$239,000
192523	Islander On The Beach #248	$239,000
234872	Islander On The Beach #140	$250,000

 

Jamie Friedman (RA) Prudential All Star Realty

direct (808) 634-2011  fax (808) 356-1342

jamiejoy@aloha.net www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.FollowJamie.com

*Information deemed from reliable sources but not guaranteed; *listing status, price, and availability subject to change; *data from HIS MLS services

Kauai Real Estate Market Update ~ Total Sales, Short Sales, and Foreclosures

In our ever changing market we certainly have seen immense changes in the prices, loans available and transactions.  More than ever before, we have seen an increase in short sales and bank sales (REO/bank owned) in the past year. Below is the breakdown of sales on Kauai over the past 6 months showing the percent of short sales and bank sales in general as well as by specific property type.

 

Total sales in the past 6 months on Kauai = 373 (residential, condo, and land sales)

Approximately 36% of those sales were short sales, bank sales, and court confirmation sales (most likely as a result of bankruptcy/trustee)

Approximately 64% of sales were "regular" seller/owner sales

 

There have been 184 residential sales:

·         1 sale requiring court confirmation (most likely as a result bankruptcy/trustee)

·         28 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

·         34 Bank Owned/REO property sales

·         121 "regular" sales

Essentially distressed and foreclosure properties (ie short sales, bank sales, and court confirmation sales) have been approximately 34% of total number of residential sales.

 

There have been 127 condo sales:

·         2 sales requiring court confirmation (most likely as a result bankruptcy/trustee)

·         25 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

·         36 Bank Owned/REO property sales

·         64 "regular" sales

Essentially distressed and foreclosure properties (ie short sales, bank sales, and court confirmation sales) have been approximately 50% of total number of condo sales.

 

There have been 62 land sales:

·         2 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

·         5 Bank Owned/REO property sales

·         55 "regular" sales

Essentially distressed and foreclosure properties (ie short sales and bank sales) have been approximately 12-13% of total number of residential sales.

 

Click here to access MLS stats on my website our Multiple Listing Service (MLS) Sales statistics available for download by quarter and month as well as prior year end statements.  MLS Statistics include Median Sales Price, Sales Volume, and Number of Sales for the specified timeframes as well as in comparison to the prior year.

 

Please let me know if you have additional questions!

 

Mahalo, Jamie

 

Jamie Friedman (RA)    Prudential All Star Realty

direct (808) 634-2011  fax (808) 356-1342 

jamiejoy@aloha.net  www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.FollowJamie.com

*information, calculations, and statisticsare based on Hawaii INfomration Services MLS sales history and data from 6/20/2010 to 12/20/2010

REO Bank Sale Condo Listings on Kauai 9.16.2010

Here is an updated list of available REO/Bank Owned Condos for Sale on Kauai.

There are still some great opportunities and options!

The chart below has active links so you may click on the underlined MLS # for additional details and photos of each property.

For more information about some of the nuances involved when offering to purchase an REO property, please click here.

I am happy to answer any additional questions you may have.

Mahalo, Jamie

MLS #	Location	Beds	Baths	Sq Ft	Price
236029	Kauai Beach Resort #1116	0	1	320	$49,900
234981	Kauai Beach Resort #2331	0	1	320	$56,000
234983	Kauai Beach Resort #3106	0	1	320	$67,000
223038	Kauai Beach Resort #2506	0	1	307	$68,500
223033	Kauai Beach Resort #4110	0	1	320	$78,000
238636	Islander On The Beach #269	0	1	372	$88,000
237625	Islander On The Beach #222	0	1	372	$88,900
236313	Islander On The Beach #238	0	1	372	$89,000
236322	Islander On The Beach #244	0	1	372	$89,000
234490	Islander On The Beach #201	0	1	372	$94,000
232573	Islander On The Beach #371	0	1	372	$116,000
234486	Islander On The Beach #141	0	1	372	$119,600
234499	Islander On The Beach #365	0	1	372	$119,600
236327	Islander On The Beach #170	0	1	372	$119,600
231889	Islander On The Beach #130	0	1	372	$119,999
237664	Halelani Village At Puhi Ph Ib #N103	2	1	651	$129,900
234799	Halelani Village At Puhi Ph Ib #P102	2	1	651	$131,900
234844	Plantation Hale #F3	1	1	633	$139,000
237055	Halelani Village At Puhi Ph Ib #T101	2	2	750	$139,900
231306	Islander On The Beach #145	0	1	372	$149,000
238614	Halelani Village At Puhi Ph I #K202	2	2	750	$155,000
236311	Islander On The Beach #151	0	1	372	$160,000
231892	Islander On The Beach #230	0	1	372	$165,000
231893	Islander On The Beach #231	0	1	372	$165,000
231896	Islander On The Beach #330	0	1	372	$168,000
231894	Islander On The Beach #232	0	1	372	$170,000
238615	Princeville Mauna Kai #4B	2	2	1,498	$247,900
235336	Koloa Garden Apartments #6	2	2	1,075	$269,900
235979	Regency Huleia #11	2	2.01	1,265	$339,000
234179	Makahuena #IIC305	2	2.01	1,172	$360,900
237167	Hanalei Bay Villas #1	2	2.01	1,244	$583,900
235501	Hanalei Bay Villas #8	2	2.01	1,244	$589,900

*Status and availability of listings subject to change, please contact agent for updated information, status, and listings.

**Blog represents status current for the day of posting only, properties listed for sale may be sold or taken off the market with no additional posting or notice

***Listings are selected based on REO status on MLS, some REO listings may not be accurately inputted on MLS and may not appear

****REO Condo buyers may be obligated to pay delinquent maintenance fees, if applicable, up to $3600.00

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.followjamie.com/