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Greetings!
 Merry Christmas! Thank you for being a supportive reader of our monthly newsletter. Be sure to Like our facebook page and suggest it to a friend. You'll be informed about the latest real estate news and will have a chance to win an Ala Moana gift card in January! Also, look for us on Twitter, where you can get quick tidbit updates. Enjoy this month's newsletter on new developments in East Oahu.
Holiday Trivia: In the song Frosty the Snowman, what kind of soul does frosty have? Answer at bottom. |
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The Cove Waikiki |
Situated in a secluded corner of Waikiki, the Cove is surrounded by hi-rise hotels and condominiums. Set aback from the hustle of Ala Moana Blvd. the Cove is truly a tranquil and private corner of Waikiki. Sales began on December 11, 2011. |
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Waihonua |
The Waihonua is an anticipated 345-unit high-rise condominium, one block from Ala Moana Center and minutes from Ward Shops. Waihonua means "waters of the earth", in honor of the history of the land, including salt ponds, fish ponds, and taro patches. Sales begn on December 10, 2011. |
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Hale Ka Lae |
Hale Ka Lae is a new luxury residence in Hawaii Kai. The square footage of these units will range from 992 SF to over 4,000 SF and will be a nice alternative to single family living. Sales have been temporarily postponed due to financing concerns. |
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Pacifica Honolulu |
This 48-story residential tower along the Kapi'olani corridor represents prime urban living at Pacifica Honolulu. There are 489 residential condominiums and ground floor commercial space. The initial move in date for residents happened this past November 2011. |
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Allure |
In touch with tranquility but in step with urban sophistication, Allure is the perfect balance. Located at the entrace to Waikiki on Kalakaua Ave. it is upscale living at it's finest. The building has been completed and sales are ongoing. |
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December 2011 Real Estate Update |
During November, sales of 251 single-family homes and 333 condominiums were reported through the Board's MLS, increases of 1.2 percent and 5.4 percent, respectively, for single-family homes and condominiums from November 2010. The median price paid for island properties in November was $580,000 for single-family homes and $295,000 for condominiums, an increase of 1 percent for single family homes and a decrease of 5.4 percent for condominiums compared to the same month last year. According to the Days on Market indicator, sales of single-family homes and condominiums closed at a faster pace last month compared to a year ago, with homes listing for 35 days and condominiums listing for 42 days.
"We are pleased to see that sales of both single-family homes and condominiums have increased compared to last year. In fact, this is the fourth month in a row that condominium sales have been up, as buyers take advantage of lower prices and quicker deals and the inventory clears out," said Joyce Nakamura, President of the Honolulu Board of REALTORS®. "This is pretty positive news given that November is historically one of the slowest months for real estate sales." |
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Trivia Answer: A Jolly Happy Soul!
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. We'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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Brandon Lau (R) 230-1234 Andrew Leong (RA) 230-3017 choicehomeshawaii.com |
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Wilder at Piikoi Penthouse 3
Rarely available penthouse unit with panoramic views of Punchbowl, Diamond Head and Honolulu city lights. The open layout and 10' ceilings allow for an abundance of natural lighting. Excellent cross ventilation will keep you cool. Newer wood flooring and well maintained counters and cabinets.
Enjoy convenience and style in this well-maintained secure buildling. Minutes walk to downtown Honolulu and several blocks from the up and coming Ward Village. The smart design of the unit alows for a separation between your kitchen and living area along with ample storage space.
626 Aipo St
Exanded single-level home with fully insulated double-wall construction. Located on private cul-de-sac. Completely remodeled kitchen and baths, new vinyl windows, new closet doors, newer laminar flooring and carpet. Spacious living area with large master bedroom and walk-in closet. Large garage space provides ample storage.
Waikiki Sunset #901
Well maintaned corner unit with mountain views. Enjoy an afternoon on the recreation deck complete with pool, bbq grills, & tennis court or relax on your lanai with the cool mauka breeze. Can be owner occupied or managed in Aston Hotel's rental pool. Minutes walk to Kapiolani Park, the Zoo, or Waikiki beach. A pet friendly building. |
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