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February 2012 Honolulu Condominium Market Report: Imperial Plaza

Summary
If you are a buyer looking for apartments with lots of interior space or three bedrooms, Imperial Plaza is worth a look.  Four of the eight apartments for sale as I write feature three bedrooms.  Four of the eight apartments have over 1900 sq. ft. of living space and three others exceed 1230 sq. ft. of space.  Two apartments for sale are in the lower townhouse side and there are several choices for buyers who want to live on the tower side above the 30th floor.

 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, Imperial Plaza averaged two sales every three months and at that pace, it will take 12 months to sell the eight apartments listed for sale.   

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

Apartments currently available

Schools
Elementary:  Royal 
Middle:  Central
High:  McKinley 

Availability
Apartments in the building:  205
Apartments available for sale:  8
Average days on market to date:  121
Apartments listed for sale in the last 30 days:  2
Months of inventory available:  12

Sales
Apartments under contract in escrow:  0
Apartments sold in the last 90 days:  3
Average days on market:  182
Average price per square foot:  $495.09
Sales Price / List Price:  98%
Last three sold:
1902 sold on 1/30/12 for $440,000
1101 sold on 1/12/12 for $599,990
1502 sold on 12/6/11 for $475,000  

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





MICHAEL ZIMMERMAN (B), Realtor®
1920 Ala Moana Blvd. #102
Honolulu, HI 96815

Direct: 808-457-9683
Fax: 808-275-3256
Michael@Michael-Zimmerman.com
Licensed in the State of Hawaii




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