And the drumroll please …. featured here are the top 5 biggest price reductions in the Kauai real estate market this week.
The top 4 are NOT foreclosures or short sales. The last one is subject to court confirmation:
- Reduced $244,000. MLS 218919. Listed now at $695,000. Agriculturally zoned CPR. 4 bd / 3 ba home on an acre. Lindahl cedar home, located 6 minutes to Poipu. Total of 2,433 sq ft of living space including in-law quarters. Built in 2004. All Photos
- Reduced $105,000. MLS 219120. Listed now at $995,000. Poipu Ocean front condo, with Owner Financing Available! 2 bd / 2 ba with 1,083 sq ft living area. Poipu Makai #E2. All Photos.
- Reduced $100,500. MLS 198645. Listed now at $1,998,500. 7 acre lot in Kealia Makai oceanfront subdivision on the east side. Originally price was $500,000 more, on the market for 806 days – seller says bring an offer! All Photos.
- Reduced $100,000. MLS 211754. Now listed at $699,000. 3 bd / 3 ba home with 1,766 sq ft living space on almost 1/2 acre. Sweeping views of Mt. Waialeale. All Photos.
- Reduced $100,000. MLS 220509. Currently listed at $1,279,000. Aliomanu Estates two-story home on 4.36 acres. 3 bd / 2.5 ba home with 1,732 sq ft living space. Subject to Court confirmation. All Photos.
Just because there’s a big price drop, doesn’t mean that’s automatically a great value. In my opinion, some of these do offer good opportunities. But as a case in point, check out my new listing (MLS 228054) this week and compare it to #5:
- Almost identical price – $1,297,000
- Near Aliomanu Estates
- Whitewater Ocean Views through the home
- Gorgeous Mountain Views
- 2+ acre lot
- Almost double the living area
- Built in 2007
- All Photos
- Virtual Tour
What’s my point? Well, although watching price drops is a good way to find opportunities. It’s critical to work with a dedicated buyers agent who can provide you market analysis to see where the “values” are. Does the price drop mean the seller is chasing the market down? Or is it really a deal now?
- MarketReportbySusie.com – Subscribe for your own Kauai Market Analysis Report, delivered regularly to your email.
- KauaiEastsideLuxury.com – Gallery of Kauai luxury listings on the East Side
- KauaiLuxuryForeclosures.com – Gallery of Kauai luxury short sales and foreclosures listings.