July 2010 Honolulu Condominium Market Report – One Waterfront Towers

Summary
Sales have been steady at One Waterfront Towers during the last seven months, but unlike other Kakaako condominiums, the inventory here has not declined.  Instead, it has increased.  The main objection owners and buyers share is the size of the maintenance fees and that a special assessment continues.   

Many apartments are for sale, so buyers have lots of choices.  1- and 2-bedroom condos spread from low to high floors, but some of the asking prices are impractical and are not supported by recent sales.  For buyers financing their purchase, it may be very difficult to obtain an appraisal that supports these prices.

One Waterfront Towers Condominium
415-425 South Street, Honolulu, HI 96813
Built: 1989

Schools
Elementary:  Royal
Middle:  Central
High:  McKinley 

Features
Located right next to Restaurant Row which includes Ruth’s Chris Steak House and it’s just steps away from Kakaako Waterfront Park. 

Availability
Apartments in the building:  302
Apartments available for sale:  16
Average days on market to date:  130
Apartments listed for sale in the last 30 days:  1
Months of inventory available:  9.6 

Sales
Apartments under contract in escrow:  1
Apartments sold in the last 90 days:  2
Average days on market:  184
Average price per square foot:  $547.49
Sales Price / List Price:  96%

What else would you like to know about One Waterfront Towers?  Please visit my web site to view One Waterfront Towers apartments for sale, request free reports for buyers or sellers or conduct your own Honolulu condo search.  If you’re thinking of selling your home, contact Michael Zimmerman for a no obligation consultation.