Is Anyone Paying Attention?

By Michael Zimmerman | Published: February 17, 2012
The Gross National Debt
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February 2012 Honolulu Condominium Market Report: Imperial Plaza

By Michael Zimmerman | Published: February 13, 2012

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.  

Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
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Honolulu Real Estate Statistics: January 2012

By Michael Zimmerman | Published: February 9, 2012

The Honolulu Board of REALTORS® released the January 2012 residential resales statistics.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

Single Family Home Resales
  Number of Sales Compared to Prior Year Median* Sales Price Compared to Prior Year
January 2012 175 -12.1% $618,900 +8.6%
January 2011 199   $570,000  
         
Condominium Resales
  Number of Sales Compared to Prior Year Median* Sales Price Compared to Prior Year
January 2012 270 +1.9% $305,000 +4.8%
January 2011 265   $291,000  
         

*Median price means half the prices were above and half below the given price.

Read last month’s report

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Honolulu Real Estate Statistics: Fourth Quarter 2011

By Michael Zimmerman | Published: February 5, 2012

The Honolulu Board of REALTORS® released the second quarter resale figures below based on data collected from its computerized Multiple Listing Service (MLS) system.  The number of homes and condos sold are for the year-to-date for 2011 and 2010.  The median prices cited below are year-to-date for 2011 and 2010 as well.

Single Family Homes
Neighborhood 2011 Sold 2011 Median* 2010 Sold 2010 Median*
Aina Haina-Kuliouou 75 $1,075,000 68 $1,150,000
Ala Moana-Kakaako 3 $700,000 2 $515,000
Downtown-Nuuanu 84 $750,000 67 $744,500
Ewa Plain 451 $440,000 506 $435,000
Hawaii Kai 160 $910,000 196 $836,000
Kailua-Waimanalo 244 $777,500 255 $760,000
Kalihi-Palama 99 $500,000 110 $529,500
Kaneohe 204 $650,000 291 $651,000
Kapahulu-Dia. Head 212 $744,500 188 $770,000
Makaha-Nanakuli 242 $284,950 202 $287,000
Makakilo 93 $510,000 91 $519,000
Makiki-Moiliili 101 $850,000 87 $860,000
Mililani 167 $590,000 171 $605,000
Moanalua-Salt Lake 59 $587,500 39 $670,000
North Shore 82 $581,625 76 $655,000
Pearl City-Aiea 191 $570,000 174 $593,750
Wahiawa 71 $395,000 65 $390,000
Waialae-Kahala 103 $1,335,000 115 $1,375,000
Waikiki 0 NA 0 NA
Waipahu 251 $507,500 281 $520,000
Windward Coast 57 $466,500 40 $504,500
Condominiums
Neighborhood 2011 Sold 2011 Median* 2010 Sold 2010 Median*
Aina Haina-Kuliouou 8 $545,000 4 $520,000
Ala Moana-Kakaako 388 $350,000 355 $357,000
Downtown-Nuuanu 289 $370,000 290 $420,000
Ewa Plain 274 $300,000 301 $300,000
Hawaii Kai 178 $507,950 208 $525,000
Kailua-Waimanalo 76 $383,000 83 $376,250
Kalihi-Palama 94 $250,000 90 $325,000
Kaneohe 151 $371,500 148 $369,500
Kapahulu-Dia. Head 83 $450,000 91 $470,000
Makaha-Nanakuli 101 $89,000 97 $90,000
Makakilo 72 $250,000 77 $241,232
Makiki-Moiliili 490 $300,000 514 $307,000
Mililani 224 $254,500 190 $282,500
Moanalua-Salt Lake 168 $280,000 181 $280,000
North Shore 40 $285,000 29 $219,900
Pearl City-Aiea 273 $273,000 278 $275,000
Wahiawa 15 $125,000 13 $120,000
Waialae-Kahala 38 $450,000 42 $445,000
Waikiki 810 $285,000 732 $285,000
Waipahu 235 $257,500 238 $266,000
Windward Coast 13 $203,500 10 $216,000

*Median price means half the prices were above and half below the given price.

Read last quarter’s report

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Quote: Charles Krauthammer

By Michael Zimmerman | Published: February 1, 2012

“A country (USA) spending twice as much per capita on education as it did in 1970 with zero effect on test scores is not underinvesting in education.  It’s mis-investing.”

- Charles Krauthammer

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