We are thrilled to announce the release of the Developers Public Report on Saturday June 9th.  On that day, buyers currently under contract will have the opportunity to choose their finish packages and purchase an extra parking stall. This is an exciting milestone in the project. If you’re considering purchasing a unit, this may be the optimal time to do so, as extra parking stalls will sold to 2 bedroom purchasers in order of their purchase.  Contact the sales center for more details.

The Oahu real estate market continues its momentum in the April statistics. Single-family homes on Oahu sold in April for 2.6 percent more than they did in the same month last year, extending a string of median price increases to six consecutive months.

The Honolulu Board of Realtors reported today that the median sale price of homes edged up to $600,000 from $585,000 in the same month last year. The April gain further solidifies what some industry observers are calling a strengthening of home values.

A component of this price increase is a result of the relatively tight inventory of homes available for sale. There were 1,165 single-family homes on the market last month, 19 percent fewer than the 1,446 in the same month last year.

In Oahu's condominium market, the median condo price was up 4.6 percent to $319,000 from $305,000. In Waikiki, the median sale price in April was $302,000, up 21 percent from the same month last year.

One of the many exciting features at the Cove Waikiki is that you can choose your finish package at no extra cost. Usually options cost more or are not available at all. However, at the Cove, our fabulous designers at Philpotts and Associates have put together three tasteful packages that include the kitchen and bathroom cabinets, granite counter tops, tile flooring in the kitchen and bathroom, and carpeting.  All the choices are coordinated to help you customize your look, from light and casual, to sleek and contemporary.

The Cove Waikiki features 117 residential condominium residences. Sizes range from 561 sf one bedroom residences to 925 sf two bedroom residences. With residences priced from $370,000 the Cove Waikiki offers one of the best value options for new condominium living in Waikiki. With its community pool, BBQs and ample parking, the Cove Waikiki will be a perfect place to live and play. Visit The Cove website to register for project updates and news.

Sales have been sizzling in the last few weeks.  Building A is our most popular but buildings B & C are catching up! Recent sales have included buyers moving from the mainland, a local buyer moving from an older condominium, and one of our favorite local real estate professionals.  More to come soon….

Mahalo,

The Cove Waikiki Sales Team