Aina Haina Real Estate Market Update

In 2011, there were 18 homes that sold in Aina Haina for an average sales price of $854,888. Sellers received 96 of their asking price on average and homes took an average of 79 days to sell. Today, there are only 3 available homes for sale in Aina Haina and 5 in escrow! Aina Haina continues to be a hot spot for home sales in East Honolulu.

Latest Allure Condos for Sale

Below you will find the latest list of developer units available for sale at the Allure Waikiki:

Let me know if there's anything I can help you with in regards to the Allure or any other condos in Waikiki

Gold Coast Luxury Condos Selling at Diamond Head

High end condos on Honolulu's Gold Coast are on the move lately. There's been a slew of cash buyers coming out of the woodworks to pick up one of Oahu's most sought after oceanfront lifestyles:

• On October 14, 2011 3003 Kalakaua Ave. 12B Sold for $3,400,000 Cash
• On December 8, 2011 Diamond Head Apartments 403/404 Sold for $4,463,300 Cash
• On December 16,2011 3019 Kalakaua 8 Sold for $3,400,000 Cash
• ON January 19,2012 Colony Surf 1403/1404/1405 went under contract with an asking price of $3,050,000

We'll see what the rest of the year has in store for us, however it appears quality Gold Coast Condos above $3 million are in high demand lately...

Black Point Home Sales in 2011

In 2011, there were only three homes that sold in Black Point, only one of which was in the gated community part*

1. 4371 Kahala Ave. Sold for $2,250,000 on 9/29/2011
2. 4080 Black Point Road Sold for $2,210,000 on 2/22/2011*
3. 4291 Kahala Ave. Sold for $1,900,000 on 9/30/2011

Today, there are five homes available for sale in Black Point, three of which are in the gated community section of Black Point and another in the gated community section of Royal Circle.

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Kahala Home Sales in 2011

In 2011, there were 45 homes that sold in Kahala with an average sales price of $1,968,293. The average days on market for the homes that sold was 93 days, which is brisk compared to the 147 day average of today's active inventory. Unlike 2010, that saw Genshiro Kawamoto's purchases of $22 million and $17 million, 2011's highest sales were much more modest as the following three sales took the top spots:

1. 4292 Kahala Ave. Sold for $4.9 Million
2. 4620 Kahala Ave. Sold for $4.2 Million
3. 4504 Kahala Ave. Sold for $4.1 Million

All three sales were non-oceanfront and none broke the $5 million mark. There is only one listing today available that is oceanfront in Kahala, which happens to be 4461 Kahala Ave. It will be interesting to see what 2012 has in store for the Kahala Real Estate market...

Diamond Head Real Estate Year in Review

Home Sales in 2011

In 2011, there were 23 single family homes that sold in Diamond Head, which was up from 2010's 22 sales. Prices ranged from $1,020,000 for a little plantation style home on Leahi Ave. to $10,600,000 for an estate on the slopes of Diamond Head that sold for $9 million a few years ago. The average sales price was $2,648,510 and the homes that sold took an average of 91 days on market. The three highest sale just so happened to all take place on Diamond Head Road, which were:

1. 3222 Diamond Head Road #6 Sold for $10,600,000 on 3/30/2011
2. 3763 Diamond Head Road Sold for $4,000,000 on 2/24/2011
3. 3727 Diamond Head Road Sold for $3,850,000 on 7/29/2011

Condo Sales in 2011

As far as condo sales went in Diamond Head, there were 65 sales with an average sales price of $885,756. The three highest condo sales on the Gold Coast were:

1. Diamond Head Apartments #303/304 Sold for $4,673,300 on 12/8/2011
2. Tahitienne Penthouse Sold for $4,025,000 on 5/31/2011
3. 3003 Kalakaua 12B Sold for $3,400,000 on 10/14/2011 and tied with 3019 Kalakaua #8 which also fetched $3,400,000 on 12/16/2011

The three highest sales in Pualei Circle were:

1. Diamond Head @ Pualei Leilani #302 Sold for $669,000 on 3/18/2011
2. Diamond Head @ Pualei Leilani #315 Sold for $625,000 on 3/30/2011
3. Diamond Head @ Pualei Lanai #102 Sold for $485,000 on 8/31/2011

New Version of HawaiiHomeListings.com

I am proud to announce the new and improved version of my website. As much as I loved tinkering with my own real estate website, it's been an uphill battle staying with the competition. Several years ago, I realized if I couldn't beat the competition, I might as well join them. Which is why I decided to join Hawaii Life Real Estate Brokers. Our company offers the most powerful website. Over the last 3 years, I let my personal website take the backburner. What I'm excited about on my new site is that it is much more user friendly and that you can do specific searches for specific condo buildings, which my old site couldn't do. It also allows me to creat more content, whereas my old sites were limited.

Here's the progress over the years:

2003

2005

2007

2009

2011

I hope you enjoy the latest version. Whether you're on HawaiiLife.com or HawaiiHomeListings.com, I'm here to help you with your real estate needs on Oahu

 

Happy Holidays

I hope everyone enjoyed their Christmas and wishing you all a Happy New Year!