I subscribe to and receive a newsletter called “Luxury Insights”, sent by the good folks at www.luxuryhomemarketing.com. Today I received this fascinating information:
The latest sales figures show strong sales continue for Oahu’s real estate market.
In June 2010, 285 single-family homes were sold. That’s up 8.4% over the same time last year. The median price was $575,000, up 0.9% from $570,000 in June 2009.
During the same period, 396 condos were sold on Oahu, a jump of 38% over last year. Median prices were down slightly, from $310,000 in June 2009 to $300,000.
Homes and condos are also selling faster than they did last summer.
It’s Aloha Friday! “Spirit of Aloha” Catamaran to Serve Waikiki Beach & Hilton
Hilton Hawaiian Village Beach Resort & Spa marked the return of the resort’s sailing tours with the July 1, 2010 launch of Waikiki’s newest catamaran, Spirit of Aloha. The vessel, operated by Port Waikiki Cruises, offers six different tour options daily, from breakfast and snorkel tours to sunset cocktail sails. In addition, a weekly Friday fireworks dinner sail gives guests a front-row seat to Hilton’s spectacular fireworks display.
A Hawaiian blessing and Ho`omana Ceremony was held on June 28. Invited dignitaries and guests participated in a transfer of spiritual power and aloha to the catamaran before it set sail on its first voyage from the Hilton pier, escorted by Waikiki beach boys, paddlers and surfers.
The Spirit of Aloha is a modern, 54-foot motor-sail vessel built by Gold Coast Yachts, the world leader in commercial sailing catamarans. Read the rest of this entry
State officials have said they plan to restore a portion of Waikiki Beach by taking loads of sand from nearby shoals. The most popular beach in Hawaii – and maybe the world, will be undergoing an estimated $2.5 million makeover that would widen the 1,700-foot-long beach by about 37 feet between the Royal Hawaiian Hotel concrete groin and the Kuhio Beach crib wall.
A&B Buys Kakaako Properties Near Hawaikiki Tower for Two New High-Rise Condos
According to the Honolulu “Star Advertiser”:
“The kamaaina company shells out $16 million for 1.7 acres on which it will build a high-rise.”
“Alexander & Baldwin Inc. has bought undeveloped land in Kakaako approved long ago for a high-rise condominium, and plans to build a 40-story residential tower in 2012.
The company, through its real estate development affiliate A&B Properties Inc., bought the site next to the existing Hawaiki and Ko’olani luxury condo towers for $16 million.
The seller was K2 Investors LLC, an affiliate of California-based development firm Woodridge Capital LLC that planned a 400-foot luxury residential building on the site.
On the Gold Coast of Diamond Head: Poolside 2bd/1ba for $549,000
Diamond Head Ambassador 2957 Kalakaua Ave 102
Honolulu, HI 96815
Price: $549,000
2 Bedrooms, 1 Bathrooms
730 Square Ft
Feel the gentle ocean breeze blow through your garden condo situated poolside in on the Gold Coast waterfront in Diamond Head. Nicely upgraded, yet simple with a relaxing tropical feel, this home is an easy walk to Waikiki, Kapiolanai Park, Zoo, Aquarium, fine dining at several neighborhood favorites, as well as steps from your patio to the beach for swimming, snorkeling, surfing or sunsets.
Please view the links below for this week’s Listing Alerts.Don’t miss the HOT LINKS at the bottom of this newsletter for such distressed property listings as:
