June 2009 Koolani Condominium Market Report Honolulu

Summary
I am very encouraged by the recent sales taking place at Ko’olani.  Take a look at the graph below and you’ll see two very positive things:  inventory is falling while sales have been very solid.  In fact, the number of Ko’olani sales has exceeded sales in all other Kakaako condos.  Ko’olani had more sales than Moana Pacific, yet Moana Pacific has nearly twice as many apartments as Ko’olani has (720 vs. 370).

There is a wide variety or apartments for sale Ko’olani.  Every floor plan is available, so buyers who are eager to move to all that Kakaako has to offer should strongly consider making Ko’olani their new home.  If you are looking for a delightfully large 2-bedroom apartment on a lower floor, please contact me to arrange an appointment to visit apartment 708.

Ko'olani Apartments Listed vs. Sold

Ko'olani Apartments Listed vs. Sold

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.  In the last six months, Ko’olani averaged 3 sales each month.  At that pace, it will take just over 7 months to sell the 22 apartments listed for sale. 

Ko’olani Condominium
Address: 1177 Queen Street, Honolulu, HI 96814
Built: 2006
 

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Location
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.

Availability

Apartments in the building: 370
Apartments available for sale: 22
Average days on market to date: 103
Apartments listed for sale in the last 30 days: 4
Months of inventory available: 7.3
 
Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 11
Average days on market: 108
Sales Price / List Price: 96%

Would you like to learn more about Ko’olani?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to view Ko’olani apartments for sale or conduct your own Honolulu home search.
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