Summary
The number of recent sales and apartments currently for sale at Ko’olani is very, very encouraging. I am very optimistic by these sales dynamics. Look at the graph below and you’ll notice that two very positive trends continue: sales are solid the number of apartments for sale is still falling.
Given that the number of apartments on the market has decreased to its lowest level in three years, not all floor plans are available as I write. For example, if someone is looking for a 3-bedroom ’09 apartment, none are for sale. In addition, a few other floor plans are not available on higher floors, so buyers should be patient, but be ready to act when something comes on the market.
Ko’olani Condominium
Address: 1177 Queen Street, Honolulu, HI 96814
Built: 2006
Schools
Elementary School: Kaahumanu
Middle School: Central
High School: McKinley
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. The Ward Center Whole Foods–right next to Ko’olani– is now scheduled to open in late 2010.
Availability
Apartments in the building: 370
Apartments available for sale: 12
Average days on market to date: 90
Apartments listed for sale in the last 30 days: 2
Months of inventory available: 5.1
Apartments under contract in escrow: 3
Apartments sold in the last 90 days: 6
Average days on market: 110
Sales Price / List Price: 93%
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, request special reports or conduct your own Honolulu condo search.
Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
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