The boat is looking very good in the water, but I think we can make some slight improvements...
Is that able to get up to full speed on your small test pond? What voltage are you running at? I found my boat, using an EMax CF2822 at 7.2v, to go a bit faster than that. Perhaps that noise is associated with some drag - what connector are you using? And what propeller? Different propellers can change the characteristics of a boat quite a lot.
Is the motor warm after a run in the pond? If not, it's probably quite underloaded and you could use a bigger prop, which could make it go faster AND quieter...
The boat looks a little light. Are you using Lipo batteries? I found that NiMh batteries, laid flat in the sub-deck, gave the boat better stability by lowering the CG.
Congratulations on getting the boat in the water before Christmas! If you have a little stand the boat can be proudly displayed on a shelf during festivities!