July 2010 Honolulu Condominium Market Report – Imperial Plaza

Summary
I find the Imperial Plaza sales trend a little troubling.  Look at the graph below and you will see just six apartments sold in the last year.  That rate is half the rate of many other Kakaako condos.  There are several floor plan choices for sale and many are located on high floors with a great view.  Five of the 13 apartments are huge (2000 sq. ft. or more) and have been on the market for a very long time.

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.  The number of apartments for sale has doubled in the last year.  In the last six months, Imperial Plaza averaged one sale every other month and at that pace, it will take 26 months to sell the 13 apartments listed for sale. 

The Imperial Plaza Condominium
725 Kapiolani Blvd., Honolulu, HI 96813
Built: 1991

Availability
Apartments in the building:  205
Apartments available for sale:  13
Average days on market to date:  140
Apartments listed for sale in the last 30 days:  3
Months of inventory available:  26.0

Sales
Apartments under contract in escrow:  1
Apartments sold in the last 90 days:  2
Average days on market:  15
Average price per square foot:  $521.30
Sales Price / List Price:  101%

Do you have questions about The Imperial Plaza?  If so, contact Michael Zimmerman for a no obligation consultation.  Please visit my web site to view Imperial Plaza apartments for sale or conduct your own Honolulu condo search.