January 2011

Robust Sales Activity in Luxury High-Rise Nauru Towers in Ala Moana, Honolulu

Here are the latest statistics for sales in the Nauru Towers Condo Building located in the Ala Moana neighborhood of Honolulu.

These are sales since 10/21/10, when we last reported on sales activity. 

Number of Units Sold:  4

Price Range:  $610,000 to $1,100,000

Average List Price:  $810,750

Average Selling Price:  $763,750

Percent of Asking Price:  95%

Average Cost per Square Foot:  $667.61

Average Days on the Market Before Sold:  115

View Current Nauru Towers Condos for sale at www.HNLCondos.com.  

View Details about Nauru Towers Condos, including floor plans and more photos.

Mahalo For Reading.

Don’t put away those construction cranes just yet.

Downtown area developers are already vying for the chance to build the next office tower. And if one of them lands a big tenant, a groundbreaking won’t be far away.

Billingsley Co., Hall Financial Group, Spire Realty Group and Harwood International all have high-rises on the drawing boards and are trying to round up office tenants.

“We are responding to inquiries from potential tenants and do have some favorable discussion under way,” said developer Craig Hall, who owns the vacant block across from the Meyerson Symphony Center facing Ross Avenue and Routh Street.

“We are excited about our current plans for the

It's Aloha Friday:  Neat Map of Waikiki

If you're a new visitor to Waikiki on Honolulu, Hawaii, the dense maze of streets, especially if you are driving, can be confusing, especially because so many of them are one way.

I happened to recently run across a map online that not only shows street directions, but also parking, hotel and restaurant locations.  This is so handy!!!

View the Waikiki Map link here.

Mahalo For Reading.

Oahu Home and Condo Prices on the Rise?

According to the "Honolulu Star-Advertiser", Oahu home and condo prices are beginning to rise again after two years of decreasing prices.

"The Honolulu Board of Realtors reported Monday that the median sale price of previously owned single-family homes increased to about $593,000 in 2010, a 3.1 percent increase over the prior year."

Read the complete article, "Home Prices Rise on Oahu for First Year Since 2007."

Mahalo For Reading.

Smart People Buying Real Estate

A prominent hedge-fund manager said in a speech last fall:  "If you don't own a home, buy one.  If you own a home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home."  He believes that interest rates and home prices will rise this year, so real estate bargains won't last much longer.

Mahalo For Reading.

Bloomberg News

Sales of U.S. previously owned homes jumped more than forecast in December as buyers tried to lock in low mortgage rates before the economic recovery pushed borrowing up further.

Purchases of existing houses, which are tabulated when a contract closes, increased 12% from November to a 5.28 million annual rate, figures from the National Association of Realtors showed Thursday. That's the most since May and exceeds the highest estimate of economists surveyed by Bloomberg News. The median price fell 1% from a year earlier, and the share of sales represented by foreclosures climbed.

Buyers are returning to the housing market after a government tax credit expired in the middle of 2010, indicating the drop in prices and cheap lending

Aloha Friday: Five New Restaurants for Royal Hawaiian Center, Waikiki

According to "Honolulu Magazine" online, five new restaurants are opening in the newly renovated Roayl Hawaiian Center in central Waikiki.

I think this is the retail and restaurant flagship for Waikiki, with tens of millions of dollars spent on renovations, it is gorgeous, open, well designed and people friendly.  I walk there often and frequent the Food Court in search of great food and bargain prices.  Anchored on one end by the new Lewers Street and Beachwalk renovated area, this whole area is a fun place to wander about, eat and shop, as well as people watch.

Read the complete article at "Honolulu Magazine".

Mahalo For Reading.

Wow! Look at Last Year's Top Condo Sales for Honolulu, Hawaii

According to "Honolulu Magazine" there were 25 condos that sold in Metro Honolulu for over $2,000,000.  The most expensive condo sold was in the Kakaako neighborhood for $4,750.000.

To view all 25 top priced condos sold in 2010, please view the online site for "Honolulu Magazine" and read "The 25 Most Expensive Oahu Condo Sales of 2010".

Mahalo For Reading.

Hokua Luxury Highrise Shows Great Sales Activity

Here are the latest statistics for sales in the Koolani Condo Building located in the Ala Moana-Kakaako neighborhood of Honolulu.

These are sales since 10/19/10, when we last reported on sales activity. 

Number of Units Sold:  5

Price Range:  $1,625,000 to $2,000,000

Average List Price:  $1,982,980

Average Selling Price:  $1,865,000

Percent of Asking Price:  94%

Average Cost per Square Foot:  $1146.48

Average Days on the Market Before Sold:  32

Mahalo For Reading.