June 2010 Honolulu Condominium Market Report – Hawaiki Tower

Summary
The sales trend at Hawaiki Tower is very similar to that of other Kakaako condominiums; a steady number of sales coupled with a corresponding drop in the number of apartments for sale.  One thing stands out like no other building; there’s just one Hawaiki Tower apartment for sale, and it’s a penthouse.  For the time being, the choices are very limited.

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.  The number of apartments for sale fell steadily throughout 2009.  Nine Hawaiki Tower apartments sold in the last six months.

Hawaiki Tower Condominium
88 Piikoi Street, Honolulu, HI 96814
Built: 1999

Schools

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

Features

Conveniently located across the street from the Ala Moana Shopping Center and one block from Ala Moana Beach Park.  Just blocks away from the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  422
Apartments available for sale:  1
Average days on market to date:  17
Apartments listed for sale in the last 30 days:  1
Months of inventory available:  0.7

Sales
Apartments under contract in escrow:  5
Apartments sold in the last 90 days:  7
Average days on market:  58
Average price per square foot:  $719.75
Sales Price / List Price:  98%

Contact Michael Zimmerman if you have a specific question about Hawaiki Tower.  Please visit my web site to view Hawaiki apartments for sale, conduct your own Honolulu condo search or request special reports for home buyers or sellers.

Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
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