Summary
The number of apartments for sale at One Waterfront Towers jumped 40% from 10 to 14 since my November Market Report. New listings have come on the market including a couple of short sales for buyers willing to take their chances on what will probably be very long escrows. Additionally, a 1-bedroom leasehold apartment is for sale and the fee may be available for purchase. Plenty of high floor 1 and 2-bedroom apartments are for sale, but as usual, some of those are priced way above what the market will bear. Proof of that is this — three apartments have been available over 200 days.
One Waterfront Towers Listings vs. Sales
The chart above shows the number of sales recorded each month vs. the number of apartments available for sale at the end of the month. The number of apartments for sale varied quite a bit over the past year, but nearly doubled since mid 2008. In the last six months, Waterfront Towers averaged just two sales every three months. At that pace, it will take 21 months to sell the 14 apartments listed for sale.
One Waterfront Towers Condominium
415-425 South Street, Honolulu, HI 96813
Built: 1989
Schools
Elementary: Royal
Middle: Central
High: McKinley
Features
Located right next to Restaurant Row which includes Ruth’s Chris Steak House and the Restaurant Row 9 Theatres. It’s just steps away from Kakaako Waterfront Park.
Availability
Apartments in the building: 302
Apartments available for sale: 14
Average days on market to date: 139
Apartments listed for sale in the last 30 days: 0
Months of inventory available: 21.0
Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 2
Average days on market: 199
Sales Price / List Price: 98%
What else would you like to know about One Waterfront Towers? Please visit my web site to view Waterfront Towers apartments for sale or conduct your own Honolulu home search. If you’re thinking of selling your home, contact Michael Zimmerman for a no obligation consultation.
