Koolani Condominium
1177 Queen Street, Honolulu, HI 96814
Built:  2006

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, Koolani averaged just over one sale per month.  At that pace, it will take nine months to sell the 12 apartments on the market.

Apartments currently available

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Features
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  370
Apartments available for sale:  12
Average days on market to date:  88
Apartments listed for sale in the last 30 days:  3
Months of inventory available:  9.0

Sales
Apartments under contract in escrow:  1
Apartments sold in the last 90 days:  5
Average days on market:  57
Average price per square foot:  $657.92
Sales Price / List Price:  100%
Last three sold:
504 sold on 5/4/12 for $660,000
2907 sold on 4/30/12 for $790,000
4404 sold on 4/19/12 for $900,000

Would you like to learn more about Koolani? If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to request special reports or search for other Honolulu condos for sale.

]]> http://michael-zimmerman.com/2012/05/16/may-2012-honolulu-condominium-market-report-koolani/feed/ 0 http://michael-zimmerman.com/2012/05/03/just-sold-ocean-side-koolani-two-bedroom-condo/ http://michael-zimmerman.com/2012/05/03/just-sold-ocean-side-koolani-two-bedroom-condo/#comments Thu, 03 May 2012 10:03:55 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5867 Continue reading Sold in Just 17 Days: Ocean Side Koolani Two Bedroom Condo]]>

Michael Zimmerman just sold apartment 2907 in the Koolani Condominium.

Sold for $790,000 Fee Simple 

SIMPLY SENSATIONAL

Koolani Condominium
1177 Queen Street #2907
Honolulu, HI 96814
MLS #1202962

View all 36 large photos

Interactive Floor Plan 

View the Home Flyer

Perched high above the city, this home offers breathtaking views of rainbows, ocean, harbor and city.  The apartment features a gourmet kitchen with stainless steel Viking appliances and granite counters and is ready for immediate move in.  Just steps away from theaters, malls and restaurants; it’s a wonderful place to live & enjoy life.  Exactly what you’ve been looking for.

Located in Kakaako, the Ala Moana Shopping Center, Ward Centers, Downtown, Chinatown, Restaurant Row, Aloha Tower and Waikiki are all just minutes away.  The lobby is beautifully furnished, has soaring ceilings and amazing artwork.  The recreation deck includes a swimming pool, hot-tub, two tennis courts, six barbecue grills, picnic tables and a putting green. 

• Stunning sapphire and turquoise blue ocean views
• Large windows and natural light brighten each room
• Master suite large enough for king-sized bed
• Both bedrooms have abundant closet space
• Ample in-home storage
• Living area approximately 1151 sq. ft.
• Two covered, assigned parking stalls

Are you looking for your very own high floor condo with a spectacular view?  Contact Michael Zimmerman or visit my web site to perform your own specific Honolulu condo search.

This information is provided as a courtesy, is not a warranty and should be independently investigated by Buyers.  This information is deemed reliable, but not guaranteed.

]]> http://michael-zimmerman.com/2012/05/03/just-sold-ocean-side-koolani-two-bedroom-condo/feed/ 0 http://michael-zimmerman.com/2012/03/16/honolulu-real-estate-ocean-side-koolani-condo-for-sale/ http://michael-zimmerman.com/2012/03/16/honolulu-real-estate-ocean-side-koolani-condo-for-sale/#comments Fri, 16 Mar 2012 10:16:26 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5771 Continue reading Honolulu Real Estate: Ocean Side Koolani Condo for Sale]]>

Michael Zimmerman just listed apartment 2907 in the Koolani Condominium for sale. 

SIMPLY SENSATIONAL

Koolani Condominium
1177 Queen Street #2907
Honolulu, HI 96814
MLS #1202962

View all 36 large photos

Interactive Floor Plan 

View the Home Flyer

Perched high above the city, this home offers breathtaking views of rainbows, ocean, harbor and city.  The apartment features a gourmet kitchen with stainless steel Viking appliances and granite counters and is ready for immediate move in.  Just steps away from theaters, malls and restaurants; it’s a wonderful place to live & enjoy life.  Exactly what you’ve been looking for.

Located in Kakaako, the Ala Moana Shopping Center, Ward Centers, Downtown, Chinatown, Restaurant Row, Aloha Tower and Waikiki are all just minutes away.  The lobby is beautifully furnished, has soaring ceilings and amazing artwork.  The recreation deck includes a swimming pool, hot-tub, two tennis courts, six barbecue grills, picnic tables and a putting green. 

Don’t miss your unique opportunity to own this finely crafted two bedroom condominium. 

• Stunning sapphire and turquoise blue ocean views
• Large windows and natural light brighten each room
• Master suite large enough for king-sized bed
• Both bedrooms have abundant closet space
• Ample in-home storage
• Living area approximately 1151 sq. ft.
• Two covered, assigned parking stalls

 Please contact Michael Zimmerman if you have a specific question or want to learn more about this fine home.

This information is provided as a courtesy, is not a warranty and should be independently investigated by Buyers.  This information is deemed reliable, but not guaranteed.

Summary
Since the June 2011 market report, Koolani completed installation of copper water piping (replaces PEX) in all 370 apartments.  This is a significant milestone for the community and the number of sales and slightly higher sales prices reflect that.  There is a nice variety to choose from in the 14 apartments for sale and penthouse 10, in my opinion, has a great floor plan and wonderful Diamond Head/ocean views.  While sales prices have gone up, I would also say that some apartments for sale are priced high.

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, Koolani averaged just over two sales per month.  At that pace, it will take six months to sell the 14 apartments on the market.

Koolani Condominium
1177 Queen Street, Honolulu, HI 96814
Built:  2006

Apartments currently available

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Features
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  370
Apartments available for sale:  14
Average days on market to date:  87
Apartments listed for sale in the last 30 days:  5
Months of inventory available:  6.0

Sales
Apartments under contract in escrow:  1
Apartments sold in the last 90 days:  6
Average days on market:  114
Average price per square foot:  $741.47
Sales Price / List Price:  97%
Last three sold:
2707 sold on 9/30/11 for $787,000
1706 sold on 9/30/11 for $777,000
2106 sold on 9/30/11 for $745,680

Would you like to learn more about Koolani? If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to request special reports or search for other Honolulu condos for sale.

]]> http://michael-zimmerman.com/2011/11/16/november-2011-honolulu-condominium-market-report-koolani/feed/ 0 http://michael-zimmerman.com/2011/06/14/june-2011-honolulu-condominium-market-report-%e2%80%93-koolani/ http://michael-zimmerman.com/2011/06/14/june-2011-honolulu-condominium-market-report-%e2%80%93-koolani/#comments Tue, 14 Jun 2011 10:14:09 +0000 Michael Zimmerman http://michael-zimmerman.com/2011/06/14/june-2011-honolulu-condominium-market-report-%e2%80%93-ko%e2%80%99olani/ Continue reading June 2011 Honolulu Condominium Market Report: Koolani]]>

Summary
Since my last report, the Ko’olani Association of Apartment Owners concluded arbitration with the building developer, Crescent Heights.  The settlement ordered by the arbitrator is complex, but is progressing.  Meanwhile, copper water piping is being installed (replaces PEX) in nearly every apartment as I write and that process should be complete by the end of September.  There are 15 apartments for sale and two of those are penthouses.  By the way, penthouse 10 has a really nice floor plan and great Diamond Head views!  In my opinion, most of the apartments for sale are slightly to grossly overpriced.       

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, Ko’olani averaged under two sales per month.  At that pace, it will take over 11 months to sell the 15 apartments on the market.

Ko’olani Condominium
1177 Queen Street, Honolulu, HI 96814
Built:  2006

Apartments currently available

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Features
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  370
Apartments available for sale:  15
Average days on market to date:  79
Apartments listed for sale in the last 30 days:  3
Months of inventory available:  11.3

Sales
Apartments under contract in escrow:  5
Apartments sold in the last 90 days:  4
Average days on market:  25
Average price per square foot:  $732.20
Sales Price / List Price:  98%
Last three sold:
4208 sold on 4/27/11 for $1.300,000
1405 sold on 3/18/11 for $720,000
1705 sold on 3/16/11 for $718,000

Would you like to learn more about Ko’olani?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to request special reports or search for other Honolulu condos for sale.

Summary
As I review the 10 Ko’olani apartments listed for sale, there is not much diversity for buyers to choose from.  This isn’t only true at Ko’olani, but also at many other high rise buildings in Kakaako.  Ko’olani’s sales have been very consistent all year long, so in some respects, the successful sales are partly to blame for the limited choices potential buyers face today.  Here’s what is available:  three large 2-bedroom ’08 apartments, three 3-bedroom ’01 apartments and a few lower floor 2-bedroom apartments.  If you are seriously looking for a particular type of apartment not listed for sale at Ko’olani today, I recommend you be ready to act on a moment’s notice.  Chances are, other competitive buyers will be looking for the same opportunities as you are.

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, Ko’olani averaged two sales per month.  At that pace, it will take five months to sell the 10 apartments on the market.

Ko’olani Condominium
1177 Queen Street, Honolulu, HI 96814
Built:  2006

Apartments currently available

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Features
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  370
Apartments available for sale:  10
Average days on market to date:  97
Apartments listed for sale in the last 30 days:  0
Months of inventory available:  5.0

Sales
Apartments under contract in escrow:  3
Apartments sold in the last 90 days:  6
Average days on market:  85
Average price per square foot:  $722.58
Sales Price / List Price:  97%

Would you like to learn more about Ko’olani?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to request special reports or search for other Honolulu condos for sale.

]]> http://michael-zimmerman.com/2010/11/04/november-2010-honolulu-condominium-market-report-%e2%80%93-koolani/feed/ 0 http://michael-zimmerman.com/2010/03/10/march-2010-honolulu-condominium-market-report-koolani/ http://michael-zimmerman.com/2010/03/10/march-2010-honolulu-condominium-market-report-koolani/#comments Wed, 10 Mar 2010 10:10:47 +0000 Michael Zimmerman http://zimmerman.realty-buzz.com/?p=2602 Continue reading March 2010 Honolulu Condominium Market Report: Koolani]]>

Summary
Ko’olani sales trends have been so good that in many cases, buyer choices are quite limited.  Sales are consistent and the number of apartments for sale continues its decline that began in mid-2008.  Certain floor plans are not available as I write and not much is available on higher floors.  Some apartments are priced above what the market will bear and their time on the market confirms that observation.  Buyers should stand ready to act when something they’re looking for comes on the market. 

Ko’olani Condominium
Address:  1177 Queen Street, Honolulu, HI 96814
Built:  2006 

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Would you like to learn more about Ko’olani?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to view Ko’olani condos for sale, request special reports or search for other Honolulu condos for sale. 

]]> http://michael-zimmerman.com/2010/03/10/march-2010-honolulu-condominium-market-report-koolani/feed/ 0 http://michael-zimmerman.com/2009/10/07/october-2009-honolulu-condominium-market-report-koolani/ http://michael-zimmerman.com/2009/10/07/october-2009-honolulu-condominium-market-report-koolani/#comments Wed, 07 Oct 2009 11:07:31 +0000 Michael Zimmerman http://zimmerman.realty-buzz.com/?p=1697 Continue reading October 2009 Honolulu Condominium Market Report: Koolani]]>

Summary
The number of recent sales and apartments currently for sale at Ko’olani is very, very encouraging.  I am very optimistic by these sales dynamics.  Look at the graph below and you’ll notice that two very positive trends continue:  sales are solid the number of apartments for sale is still falling.

Given that the number of apartments on the market has decreased to its lowest level in three years, not all floor plans are available as I write.  For example, if someone is looking for a 3-bedroom ’09 apartment, none are for sale.  In addition, a few other floor plans are not available on higher floors, so buyers should be patient, but be ready to act when something comes on the market.

Ko’olani Condominium
Address:  1177 Queen Street, Honolulu, HI 96814
Built:  2006 

Schools
Elementary School:  Kaahumanu
Middle School:  Central
High School:  McKinley

Would you like to learn more about Ko’olani?  If so, contact Michael Zimmerman, the condominium expert.  Please visit my web site to view Ko’olani apartments for sale, request special reports or conduct your own Honolulu condo search.

Contributed by Michael Zimmerman
Direct:  808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
Subscribe to Honolulu Real Estate and Community News