Waikiki

Waikiki is one of the more touristy areas of Oahu and for good reason. It has the gorgeous Waikiki beach with two miles of pristine white sand. There is ample shopping at the open air International Marketplace that has over 200 shops, restaurants, kiosks, and carts. You can see diverse marine life at the Waikiki Aquarium. There is a very active nightlife scene in Waikiki as well. Of course, no visit to Waikiki is complete without a hike to Diamond Head, the 760-foot volcanic peak.

A popular purchase of real estate in Waikiki right now is what is known as a “condotel.” A condotel are operating hotels where you can purchase the suites in the hotel as condos. Then, you can use them whenever you wish for vacation and rent them out in the hotel pool the remainder of the time. This is nice because you don’t need to market your condo as a vacation rental; the hotel does it for you. Some of the current condotels include the beachfront Waikiki Shore, the Ilikai, the Luana Outrigger, and the Regency on Beachwalk.

According to the Honolulu Board of Realtors only one single-family home has sold in 2013 in Waikiki to date for a price of $131,000. However, whopping 829 condos have sold in 2013 in Waikiki to date. These condos had a median sales price of $325,000. Clearly, condos are the popular living choice in Waikiki.

Waikiki is the most popular neighborhood to live in around Honolulu. It is a fantastic place to live if you enjoy the nightlife scene as a single person. There are also excellent outdoor activities such as hiking and of course many beach activities to choose from. There is shopping unlike any you can get elsewhere. Buying a condo in Waikiki now is a great idea, with interest rates currently at the lowest rate in years.

Latest Waikiki Condos  December 2013