Monthly Archives: August 2012
The highest sale in July in the luxury single-family market was a seldom available ‘Aina Malu’ property, formerly owned by Liza Minelli on the beach at Diamond Head. This 2 bedroom, 2.5 bath home is one of ten homes located on the former ‘Brown Estate’ in a private gated community. This home is tastefully renovated and boasts completely unobstructed ocean views. The 2,750 square foot property sold for $4.725 million, cash.
The second highest sale was a 4,650 square foot, 5 bedroom, 5.5 bath property in the triple gated, quiet, ‘The Pointe’ community at Hawaii Loa Ridge. This stunning oceanview home has 4 bedrooms and 4.5 baths in the main residence, and a separate maid’s quarters on a large rim lot with large gazebo, swimming pool, spa, and gorgeous grounds. This home closed at $3.8 million cash, and was only on the market for 41 days.
|$4,725,000- Highest Recorded Sale- Single Family Home|
|$1,235,000- Median Sales Price|
|292- Current listings over $1 mil.|
|58- New listings over $1 mil.|
|33- CLose Sales over $1 mil.|
|100- Average Days on Market until Sale|
The highest sale in the luxury condominium market in July was a 2 bedroom, 2 bath, 1150 square foot unit on the 30th floor in the Waikiki Beach Tower. This rarely available high floor unit has amazing Diamond Head and ocean views, and sold very quickly after only 12 days on the market for $2 million, cash.
The second highest luxury condo sale was a 2 bedroom, 2 bathroom unit in the Waikiki Shore building. This 1065 square foot oceanfront property with stunning views is nestled next to Trump Waikiki and the Halekulani Hotel. This property sold fully furnished at $1.595 million.
|$2,000,000- Highest Recorded Sale- Condominium|
|$1,275,000- Median Sales Price|
|101- Current listings over $1 mil.|
|14- New listings over $1 mil.|
|11- Closed Sales over $1 mil.|
|88- Average Days on Market until Sale|
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