Category Archives: kailua living
Oahu Luxury Real Estate Statistics January 2013
02/12/13
The highest sale for the luxury single-family home market in January was a beachfront Lanikai property on Mokulua Drive. This elegant, 3800 square foot retreat has 3 bedrooms, 4.5 bathrooms and was designed by Peter Vincent. Custom crafted with attention to detail, it includes natural Peruvian travertine, Australian Koala wood floors, African Mahogany, Marble floors, a home theatre and top of the line appliances. This home has magnificent views and was featured in Coastal Living and Pottery Barn! This beautiful home closed at $6.5 Million.
The second highest sale was an elegant Kahala home on Koloa Street, built in 2009. This 5500 square foot, 5 bedroom, 5.5 bath property is perfect for family, entertaining, and enjoying Hawaii. This home is fenced in for privacy, beautifully landscaped, and has a large pool with desk, hot tub, and outdoor covered patio with wet bar. The property sold at $3.5 Million, Cash.
The highest sold luxury condominium last month was a Trump Tower Waikiki unit on the 37th floor. This 2 bed, 2 bath, 1400 square foot property was sold before listed and closed at $3.5 Million.
The second highest condo sale was a 2 bedroom, 2 bath, 12th floor unit in the Diamond Head Apartments on the Gold Coast. This property has 1300 square feet of living space with a small open lanai. This unit was in escrow before listed and closed at $2.5 Million, Cash.
Oahu Luxury Real Estate Statistics- October 2012
11/29/12
The highest sale in Luxury Single Family Home market on Oahu in October was a 9 bedroom, 8 full bath, 2 half bath, 12,000 square foot Portlock retreat with 2 homes and 2 TMKs, spanning from street to beach. These spacious homes with two sparkling pools feature breathtaking Diamond Head and sunset views, a very private, gated entry, and a movie theatre. This property was only on the market for 33 days, and closed at $9.99 Million, cash.
The second highest sale was a 4 bedroom, 2 bath, oceanfront Lanikai home. This gracious, single-level home designed by Val Ossipoff and later Alfred Preis features incomparable views of the Mokulua islands, a gorgeous island garden with stately Kamani trees and orchids, and wide steps down into the calm Lanikai waters. This beautiful property closed at $5.1 Million, cash.
There were 45 luxury single-family homes sold last month, and 56 new listings added to the market for a total of 282 luxury properties available.
The highest sale in the Luxury Condominium market on Oahu in October was a 2 bedroom, 2.5 bath, 2275 square foot, Gold Coast penthouse unit in the Diamond Head Apartments. This rarely available “Trophy” apartment was exquisitely renovated by Kerr Michaels, and has stunning views of the ocean, Diamond Head, Waikiki, Kapi’olani Park and the Ko’olau Range. This property closed at $4.58 Million, cash.
The second highest sale was a 3 bedroom, 3.5 bathroom, penthouse unit in the Moana Pacific Eastern Tower. This 2200 square foot property features high quality upgrades, and has beautiful ocean, park, harbor and Diamond Head views. This unit closed at $2.2 Million after only 40 days on the market.
There were 14 sales last month in the luxury condo market, and 20 new listings added for a total of 106 properties, a very low inventory for luxury condos, which is why you have to move fast in this market… the good buys are gone fast!
For a specific statistic report of your neighborhood, contact us today!
Oahu Luxury Real Estate Statistics- May 2012
06/14/12
The highest sale on Oahu last month of a luxury single-family home was an Oceanfront Kailua home in the Beachside neighborhood on a huge, 29,000 square foot lot. This 1,991 square foot, 3 bedroom, 2 bath home closed at $4.825 million, and was built in 2002, and has many custom finishes. This property sits on a private road, giving it lots of privacy and security.
The second highest sale was a 5 bedroom, 5.5 bathroom estate in the Koko Kai neighborhood of Hawaii Kai. This stunning oceanfront property features a waterfall, Koi pond, and Panoramic Diamond Head, sunset, and forever ocean views. This 4,800 square foot home has a 920 square foot open lanai, 2 master suites, an elevator, a wine cellar, and a maid’s quarters. Closing at $4.1 million, was an excellent buy, as the listing price was $5.45 million, and was only on the market for 1 day!
There were 43 luxury single-family homes sold last month on Oahu and 64 new listings added to the market. The median sales price for luxury single-family homes last month was $1.47 million, and the average days on market until sale was 83 days.
The highest sale last month of luxury condominiums on Oahu was a 15th floor, ocean view double unit in the famous Ilikai Apartment Building. This 2,000 square foot, 2 bedroom, 2.5 bathroom property has a 480 square foot open lanai to enjoy gorgeous sunset and ocean views from the Hilton Lagoon to West Oahu. This exquisite, fully furnished unit is custom built, decorator designed and has a private laundry room. This unique wrap-around, end unit closed at $2.5 million, also a great buy, considering the listing price of $3.38 million.
The second highest sale was a 2 bedroom, 2 bathroom penthouse unit in the Colony Surf in the beautiful Gold Coast neighborhood of Diamond Head. This 1,202 square foot unit with 300 square foot open lanai closed at $2.35 million.
There were a total of 8 luxury condos sold last month on Oahu, and 22 new listings. The median sales price for luxury condos was $1.59 million, and the average days on market until sale was 108 days.
In the month of May we saw many great buys, and more loans on luxury properties than we have been seeing in the past few months, most likely because interest rates are still very low.
Oahu Luxury Real Estate Statistics- April 2012
05/10/12
The highest priced sale of a luxury single-family home for the month of April on Oahu was a 6,800 square foot, 6 bedroom, 8 bathroom estate in the Beachside neighborhood of Kailua. This exclusive beachfront residence by Kerr Michaels offers spectacular views, unsurpassed craftsmanship, and extensive use of natural materials. Mahogany glass doors pocket to reveal the beach & lush courtyard, pool, spa, water features. This home closed at $6.95 million, and was on the market for 214 days.
The second highest sale was a stunning Kahala estate. This 5 bedroom, 4.5 bathroom, 5,600 square foot home on a double lot on Aukai Avenue features a dream kitchen, formal and casual living spaces, and lush tropical grounds with a pool and waterfall. This property closed at $4.8 million.
The median sales price for luxury single-family homes for April was $1.915 million and the average Days on Market was 117. There were a total of 25 luxury single-family homes sold, and 48 new homes added to the market last month.
For Condominiums in the luxury market on Oahu in the month of April, the highest sale was a 3 bedroom, 2 bathroom unit at 3003 Kalakaua Avenue, in the highly-desired Gold Coast neighborhood of Diamond Head. This oceanfront, 1,984 square foot residence has amazing sunset views to be enjoyed by a large 320 square foot lanai. This residence closed at $2.8 million.
The second highest luxury condo sale was a 2 bedroom, 2.5 bathroom downtown condo in the Alakea Corporate Building. Dual zoned, including a commercial/office space and fantastic downtown views. This property closed at $2.5 million and was a cash transaction.
The median sales price for luxury condominiums last month was $1.599 million, and condos closed a bit faster than single-family homes, with the Average Days on Market being 61. There were a total of 7 luxury condos sold last month, and 16 new listings added to the market.
Tel: (808) 593-9826 Fax: (808) 593-9827 Email: caron@caronb.com