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May 2010 Honolulu Condominium Market Report – Hokua at 1288 Ala Moana

Despite nine consecutive months with at least one sale, and many months had more than one sale, the number of apartments for sale rose since my November 2009 Hokua report.  Yet, I am very pleased by what I see in the chart below.  The market is working.  There are enough buyers with the means to purchase apartments from owners who are ready to leave Hokua, whatever their reason.  In addition, there is a wonderful assortment of apartments for sale (almost all floor plans are available); almost everyone should be able to find something they like.


The chart above shows the number of sales recorded each month vs. the number of apartments available for sale at the end of each month.  In the last six months, Hokua averaged four sales every three months.  If that pace continues, it will take 12 months to sell the 16 apartments available.  Specific sales statistics are listed below.

Hokua at 1288 Ala Moana Condominium
1288 Ala Moana Blvd., Honolulu, HI 96814
Built: 2006

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

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

P.F. Chang’s China Bistro and the Tango Contemporary Café are located on the bottom floor.

Apartments in the building:  246
Apartments available for sale:  16
Average days on market to date:  126
Apartments listed for sale in the last 30 days:  2
Months of inventory available:  12.0

Apartments under contract in escrow:  2
Apartments sold in the last 90 days:  3
Average days on market:  101
Average price per square foot:  $1315.52
Sales Price / List Price:  97%

Are you interested in learning more about Hokua at 1288 Ala Moana?  If so, contact Michael Zimmerman for a no obligation consultation.  Please visit my web site to view Hokua apartments for sale, order special reports for buyers and sellers or conduct your own Honolulu condo search.

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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