In a market where listings take 6-9 months to sell – if they sell, we’re seeing a quick movement on Kauai foreclosure (REO) listings.
- Buyers – if you’re interested in foreclosure listings, contact me so I can set up automatic email updates for you, and be ready to make an offer right away. Strong offers are all cash, or prequalified with proof of cash funds.
- Sellers – take note of the price range of properties similar to yours that are selling as foreclosures or short sales. That’s where our market values are today, and you can compete successfully in that range – as buyers will always prefer to buy from an individual. But the reality of the market the “bulls eye” of pricing now reflects the distressed property valuations. For a complete market analysis of your property, please feel free to contact me.
Following are all the Kauai foreclosure (REO) lsitings currently in escrow. Please note the Days on Market (DOM)…typically going into escrow in under 30 days:
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Kauai Beach Resort #4208 - listed for $139,900
MLS 220882 – in escrow within 40 days -
5573 Kuamoo Road #1, Kapaa - listed for $225,00
Small 2 bedroom / 1 bath CPR house located close to the road
MLS 221077 – in escrow in 14 days -
383 Laaukea Pl, Kapaa – listed for $350,000
3 bd / 2 bath standard floor plan with carport – Not a CPR
MLS 221886 – in escrow in 9 days -
4836 Puuwai Road #A, Kalaheo – listed for $290,000
2 bedroom /1 bath CPR house on almost 12,000 sq ft lot
MLS 221776 – in escrow in 17 days -
4801 Lae Road #4, Kalaheo – listed for $365,000
3 bd / 1 ba CPR home on large upcountry lot of 18,949 sq ft
MLS 219749 – in escrow twice, price dropped from $399K - 5027 Puuwai Road, Kalaheo – listed for $678,900
3 bd / 4 ba CPR home of over 2,000 sq ft on 18,949 sq ft lot
MLS 220522 – in escrow in under 12 days
Of note – I started this post before the weekend, and this morning I find that our Kauai market trends tie into National Real Estate updates.
Today’s Wall Street Journal, The Washington Post and MSNBC.com report the largest increase in home sales in 5 years, but note that foreclosures and short sales reflect about 45% of reported sales.
It’s reported that the increase in home sales has driven part of today’s rally on Wall Street. This positive news reflects the common sense perspective many of us have had throughout this market disaster – that Main Street will have to rebound in order for Wall Street to stabilize.
Hopefully, lenders will make loans more available and attractive for buyers who are well qualified, and interested in buying real estate.
More on using a Buyers Agent, and Buying Property on Kauai.
