May
5
Aloha,
I just wanted to check in to say hello and remind you to celebrate! Below are some of the GREAT DEALS right now for oceanfront condo complexes as well as a quick market update for this May!
MARKET UPDATE
In May of 2008, Kauai recorded sales for:
21 residential listings
19 condo listings
8 land listings
In May of 2009, we have:
41 residential listings in escrow
31 condos listings in escrow
31 land listings in escrow
Provided that all of these escrows close during the current month, we are well on our way to a banner May!
Steal of a deal! Oceanfront condo complex with Studio units starting at $59,000!

Kauai Beach Resort
Listings starting at $59,000 (no that’s not a typo!)
Mountain View listings starting at $69,000
Ocean View “regular” listings starting at $99,000
Short sale listings mountain view starting at $49,000 *
Bank Sale listings ocean view starting at $219,000**

Islander on the Beach
Listings starting at $85,000
Ocean view “regular” listings starting at $200,000
Short sale pool/ocean view starting at $85,000*
Short Sale oceanfront starting at $189,000*
Bank Sale ocean view starting at $145,000**
The best deals, in both the Kauai Beach Resort and Islander on the Beach are available for CASH only and many sellers will only consider full priced offers (for the lowest priced regular sales ~ those offered under $100,000).
Though there may be limited financing available for the purchase of a Kauai Beach Resort, each one would be reviewed on a case by case basis and would like require 40% more cash down toward your purchase.
Click the links for more information on short sales and bank sales.
Kauai Beach Resort and Islander on the Beach both are fee simple ownership of units in oceanfront complexes with swimming pools and on-site management available for vacation rentals.
*Short sale offers are subject to lenders approvals and may take from 2 weeks to 4-6 months for approvals depending upon the banks
**Bank sale offers are generally responded to within a week to ten days
It’s a great time to buy on Kauai! Hundreds of properties to choose from, great prices, and record interest rates!
Please do not hesitate to call or email if you have any questions or would like additional information.
Mahalo, Jamie
Jamie Friedman jamiejoy@aloha.net Prudential All Star Realty Call today! 808-634-2011
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