Does President Obama’s Visits to Hawaii Create Interest in Oahu Real Estate?
President Obama is spending another Christmas vacation here on Oahu.Â The “Winter White House” (as named by several media outlets) that he stayed at in 2008 as President Elect, and again in 2009 as the President, was sold this past summer.
Did the attentionÂ that this property receive byÂ having the President and his family stay there for 2 Christmas holidays in a row play a part in the sale of thisÂ exclusive beachfront estate?
Kailua has always been a quiet beachfront community with boutique shops, restaurants, and an incredibleÂ 2 mile plus stretch of soft white sandy beaches that the locals enjoyÂ year-round. There is a Whole Foods MarketÂ under construction and aÂ another giant in the industry, Target,Â is also planning to open a store in Kailua.
From 1/1/2009 to 12/31/2009, there were 234 properties that sold inÂ Kailua Beach, and from 1/1/2010 until current date 12/20/2010,Â there have been 270 properties close escrow and 39 more currently in escrow.
Once again, the First Family and their dog, Bo, have chosen Kailua Beach to spend theirÂ Christmas Holiday, andÂ live the Hawaii Life!