May 2008 Hawaiki Tower Condominium Market Report Honolulu

Summary
Hawaiki Tower still has very few units for sale.  When Hawaiki condos are offered, they don’t last too long because there’s been more than enough demand for the meager supply of units.  There are no one bedroom units for sale and only three were sold in the last year.  None of the highly desired, large two-bedroom ‘09 units are for sale.

The building has seen just 25 sales in the last 12 months.  Most of the units have been offered near market prices and sold for an average of 97% of their listing price.  Buyers have been purchasing units at the same pace they have beeen offered.  Hawaiki is the only building I monitor where the number of units for sale remains at an ultra-healthy level.  For more history, please read the March Hawaiki Tower Condominium Market Report.

Hawaiki Tower Condominium
88 Piikoi Street, Honolulu, HI 96814
Built: 1999 

Schools
Elementary:  Kaahumanu
Middle:  Central
High:  McKinley

Features
Conveniently located across the street from the
Ala Moana Shopping Center and one block from Ala Moana Beach Park. Just blocks away from the new Nordstrom store located at 1519 Kapiolani Boulevard.  The Tropical Smoothie Café is located on the bottom floor of the building facing Waimanu Street.

Availability
Units in the building:  422
Units available for sale:  3
Average days on market to date:  56
Units listed for sale in the last 30 days:  1
Months of inventory available:  1.4

Sales
Units under contract in escrow:  1
Units sold in the last 30 days:  2
Average days on market:  33
Sales Price / List Price:  98%

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.

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