Summary
Just one Harbor Court apartment sold in the last year, however the two-bedroom 41st floor penthouse is in escrow for the third time. What I and no doubt others find disturbing is the dollar amount of the most recent sale. Apartment 2701 sold for $550,000 after 261 days on the market. To put that amount in perspective, apartment 1602 sold for $735,000 just over 12 months earlier. That is more than a 25% annual drop while the Oahu median condo price fell 11.5% ($328,000 in 2008 to $290,000 in 2009).
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 has been in flux and there has been just one sale this year.
Harbor Court Condominium
66 Queen Street, Honolulu, HI 96813
Built: 1994
Feature
Conveniently located just a few blocks from Chinatown and right across the street from Aloha Tower Marketplace.
Schools
Elementary: Royal
Middle: Central
High: McKinley
Availability
Apartments in the building: 120
Apartments available for sale: 2
Average days on market to date: 25
Apartments listed for sale in the last 30 days: 1
Months of inventory available: 12.0
Sales
Apartments under contract in escrow: 2
Apartments sold in the last 90 days: 1
Average days on market: 261
Sales Price / List Price: 79%
Contact Michael Zimmerman if you have a specific question about Harbor Court. Please visit my web site to view Harbor Court apartments for sale, conduct your own Honolulu condo search or request special reports for home sellers or buyers.
Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
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