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October 2011 Honolulu Condominium Market Report: Keola Lai

Keola Lai sales have been very inconsistent throughout the year.  As I write, there are two each of 1, 2 and 3-bedroom apartments for sale, but there’s not much diversity in each size apartment.  While no sales have recorded in the last 90 days, that will change as four apartments are in escrow now.

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 just over one sale per month.  At that pace, it will take about five months to sell the six apartments listed for sale. 

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

Apartments currently available

Elementary:  Royal
Middle:  Central
High:  McKinley 

Apartments in the building:  350
Apartments available for sale:  6
Average days on market to date:  89
Apartments listed for sale in the last 30 days:  1
Months of inventory available:  5.1

Apartments under contract in escrow:  4
Apartments sold in the last 180 days:  7
Average days on market:  77
Average price per square foot:  $624.38
Sales Price / List Price:  98%
Last three sold:
1406 sold on 7/12/11 for $580,000
2402 sold on 6/29/11 for $652,500
3703 sold on 6/15/11 for $600,000

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.

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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