Summary
During the last four months, there has been a bit of a sales drought at One Waterfront Towers. Just one apartment sold during that time. Based on conversations I’ve had with owners and potential buyers, some people are concerned about the possibility of additional maintenance fee increases.
Since my April Report, two short sales have entered escrow (a 1-bedroom and a 2-bedroom). Time will tell if the lenders approve the sale and they actually close. There is a low floor 2-bedroom leasehold apartment for sale as well. Many other apartments are for sale, but one wonders why the owners have chosen listing prices that no one has paid for many years, let alone in the economic times we face.
One Waterfront Towers Listed vs. Sold
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 it’s just steps away from Kakaako Waterfront Park.
Availability
Apartments in the building: 302
Apartments available for sale: 16
Average days on market to date: 121
Apartments listed for sale in the last 30 days: 3
Months of inventory available: 24.0
Sales
Apartments under contract in escrow: 3
Apartments sold in the last 90 days: 1
Average days on market: 60
Sales Price / List Price: 97%
What else would you like to know about One Waterfront Towers? Please visit my web site to view One Waterfront Towers apartments for sale, request free reports for buyers or sellers or conduct your own Honolulu condo search. If you’re thinking of selling your home, contact Michael Zimmerman for a no obligation consultation.
Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
Subscribe to Honolulu Real Estate and Community News
