Greetings!
This month's newsletter highlights openings and events that are happening around Oahu. Enter a drawing to win a $100.00 gift certificate to the new Side Street Inn on Da Strip by filling out this 5 Question Survey. Also, interest rates are now below 4%!! Contact us to take advantage of these rates before it's too late! |
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August 2010 Real Estate Update |
 Oahu's residential resales market remained relatively stable in July, according to resale figures released today by the Honolulu Board of REALTORS®.
During July, sales of 268 single-family homes and 320 condominiums were reported through the Board's MLS, an increase of 0.8% and decrease of 6.7%, respectively, from July 2009. The median price paid for island properties in the July was $605,000 for single-family homes and $299,000 for condominiums, an increase of 1.7% for single-family homes and a decrease of 2.7% for condos, compared to the same month last year. According to the Days on Market indicator, sales also closed faster in July with single-family homes listing for 39 days, down from 45 days, and condominiums down to 36 days from 56.
"Oahu's post-tax credit sales landscape is quieter, as are other markets, but we seem to be weathering better than our Mainland counterparts," commented said Brian Benton, President of the Honolulu Board of REALTORS®. "Unlike most cities, Honolulu saw its pending sales in July increase over a year ago."
For market statistics and information click here.
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Win $100 to Side Street Inn on Da Strip!
| 614 Kapahulu Ave.
Honolulu, HI 96815
Sunday - Saturday
3:00pm - 12:00am
Nishida's newest venture is located near
Waikiki, on Kapahulu Ave. Located in the old Hawaiian Dredging building,
now home to Prudential Locations, Side Street Inn on Da Strip offers
complete meals along with its pupu-style dishes. With its new, open
layout and decor, it'll be a reminiscent of Side Street's bar feel with a
touch of fine dining.
Enter a drawing to win a $100.00 gift certificate to Side Street Inn on Da Strip by filling out this 5 Question Survey.
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August Events Around Oahu
| Annual Hawaiian Slack Key Guitar Festival
August 15, 2010
Kapiolani Park
FreeThe Hawaiian Slack Key Guitar Festival, founded in 1982, celebrates the
cultural importance, perpetuates, and preserves the unique acoustic
guitar art form, "Kī hōalu," which means "loosen the key." The festival
features performances by well-known slack key musicians and Grammy
winners.
Made in Hawaii Festival
August 20 - 22, 2010
Neal S. Blaisdell: Exhibition Hall & Arena
$3 Admission- Friday & Saturday: 10am - 9pm
- Sunday: 10am - 6pm
The Festival attracts over 35,000 visitors, including buyers from
around the world. The Festival's product line include food, books,
gifts, fashions, plants, art, crafts, produce and more. The Festival will showcase multiple award
winners on the Entertainment stage in the Pikake Room, while Hawaii's
top culinary artists will provide Cooking Demonstrations on stage in the
Arena.
Duke's OceanFest
August 23 - 28, 2010
Waikiki
Free
Duke's OceanFest is a week-long series of events that serve to honor
famed Hawaiian waterman, Duke Kahanmoku. Surf contests, surf polo,
tandem surfing, and a special luau are just a few of the events that
will take place during the week at Waikiki Beach. Funds raised from
OceanFest will
benefit the Outrigger Duke Kahanamoku Foundation college
scholarship and athletic grants program.
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FREE August Seminars
| The Choice Team mission is to empower you with information, innovation and integrity. One way is with Prudential Location's education seminars. Please click here if you want to attend any of these sessions.
August 24, 2010 at 5:30pm
First Time Home Buyer Seminar
(Pearl Country Club)
August 28. 2010 at 10:30am
First Time Home Buyer Seminar
(Diamond Head Office)
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In this market there are many questions regarding changes in lending programs, tax incentives, and distressed properties. It's one thing to read about them in the news, but another to find out how these issues personally affect you. I'll be glad to have a complimentary consultation where we can discuss your current real estate needs.
As always, thank you for your support and graciously referring your friends and family.
Sincerely,
Choice Team |
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New Projects Update | |
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Pensacola Chelsea- There are still some great units available! Prices range in the mid $300,000's for 1 bedrooms. All units have spacious 200 sq.ft. lanais and some with 2 parking stalls and private storage. They are now taking reservations for Honolulu's newest boutique condominium. Reserve early and be in the drawing for a $10,000 credit.
Wai Kalo'i at Makakilo-
Embracing the natural features of Makakilo's landscape, 251 FS homes
have been designed to offer 6 unique 1-, 2- and 3-story floor plans
boasting glorious volume ceilings. With 3- to 5-bedroom variations and
up to 2,239 SF of living area. Special lot selection on Monday, 8/9/2010 for 18 lots at Wai Kalo'i. All of these lots are up-slope lots located on Pueonani Street in Makakilo.
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