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January 2010 Honolulu Condominium Market Report – Keola Lai

As you can see below, a steady number of Keola Lai sales have driven the number of apartments on the market down to one third of what they were just six months ago.  That’s great news for the few owners selling their apartment.  However, that’s not good news for buyers because they have very few choices:  two of the six apartments on the market are Penthouses selling at $2.3 million each.

Keola Lai Apartments Listed vs. Sold Graph

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, Keola Lai averaged 2.5 sales per month.  At that pace, it will take less than 3 months to sell the 6 apartments listed for sale.

Keola Lai Condominium
600 Queen Street, Honolulu, HI 96813
Built: 2008

Elementary:  Royal
Middle:  Central
High:  McKinley 

Apartments in the building:  350
Apartments available for sale:  6
Average days on market to date:  126
Apartments listed for sale in the last 30 days:  0
Months of inventory available:  2.4 

Apartments under contract in escrow:  1
Apartments sold in the last 90 days:  6
Average days on market:  108
Average price per square foot:  $616.88
Sales Price / List Price:  97%

Would you like to learn more about Keola Lai?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to view Honolulu condos for sale or request free reports for buyers or sellers.

Contributed by Michael Zimmerman
Direct:  808-457-9683
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Michael Zimmerman Inc. License RB-21523
Michael Zimmerman (B), Realtor®
1177 Queen Street #2901
Honolulu, HI 96814
Direct: 808-457-9683
Fax: 808-275-3256
Licensed in the State of Hawaii

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