88 Piikoi Street, Honolulu, HI 96814
Built: 1999
Elementary School: Kaahumanu
Middle School: Central
High School: McKinley
Feature
Conveniently located across the street from the Ala Moana Shopping Center and just blocks away from the new Nordstrom store located at 1519 Kapiolani Boulevard.
Summary
For the last four months, the number of units offered for sale at Hawaiki has been quite small. Three to five units at any one time has been the norm. The average days on market remained low because there’s been more than enough demand for the meager supply of units.
There were only 24 sales in the last 12 months, due in part to so few units being offered for sale. I am very happy to report that most of the units have been offered at reasonable prices and sold, on average, for 97% of their listing price. Buyers recognize this and have quickly stepped in to purchase units priced fairly. Hawaiki is one of few buildings I monitor where the inventory of units for sale hasn’t ballooned to an unhealthy level. The large two-bedroom ’09 units are highly desired and usually sell rather quickly due to their limited supply and unique floor plans. Even in this building, buyers have little tolerance for improper pricing.
Availability
Units in the building: 422
Units available for sale: 4
Average days on market to date: 27
Units listed for sale in the last 30 days: 2
Months of inventory available: 2.0
Sales
Units under contract in escrow: 3
Units sold in the last 30 days: 1
Average days on market: 28
Contact Michael Zimmerman if you have a specific question about Hawaiki Tower. Please visit my web site to view Hawaiki units for sale, conduct your own customized Honolulu home search or request special reports for home buyers or sellers.
