Summary
Despite a large 2011 maintenance fee increase/special assessment, One Waterfront Towers sales were strong throughout the past year.  There is just one 1-bedroom apartment available as I write, but there are several low floor and high floor 2-bedroom apartments on the market.  Many offer great views of Diamond Head.  Nine of the 11 apartments offered for sale have been on the market over 100 days (some more than 200) and that indicates they may be priced well above market price.

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 trended slightly lower throughout 2011.  In the last six months, One Waterfront Towers averaged two sales each month.  At that pace, it will take more than five months to sell the 11 apartments listed for sale.

One Waterfront Towers Condominium
415-425 South Street, Honolulu, HI 96813
Built: 1989

Apartments currently available:

Schools
Elementary:  Royal
Middle:  Central
High:  McKinley 

Features
Located right next to Restaurant Row which includes Ruth’s Chris Steak House and it’s just steps away from Kakaako Waterfront Park. 

Availability
Apartments in the building:  302
Apartments available for sale:  11
Average days on market to date:  139
Apartments listed for sale in the last 30 days:  0
Months of inventory available:  5.5

Sales
Apartments under contract in escrow:  2
Apartments sold in the last 90 days:  3
Average days on market:  90
Average price per square foot:  $534.08
Sales Price / List Price:  93%
Last three sold:
A3102 sold on 11/30/11 for $520,000
A4002 sold on 11/18/11 for $750,000
A501 sold on 11/8/11 for $579,000

What else would you like to know about One Waterfront Towers?  Please visit my web site to request free reports for buyers or sellers or conduct your own Honolulu condo search.  If you’re thinking of selling your home, contact Michael Zimmerman for a no obligation consultation.

]]> http://michael-zimmerman.com/2012/01/28/january-2012-honolulu-condominium-market-report-one-waterfront-towers/feed/ 0 http://michael-zimmerman.com/2012/01/20/january-2012-honolulu-condominium-market-report-nauru-tower/ http://michael-zimmerman.com/2012/01/20/january-2012-honolulu-condominium-market-report-nauru-tower/#comments Fri, 20 Jan 2012 10:20:56 +0000 Michael Zimmerman http://michael-zimmerman.com/2012/01/20/january-2012-honolulu-condominium-market-report-nauru-tower/ Continue reading January 2012 Honolulu Condominium Market Report: Nauru Tower]]>

Summary
Nauru Tower sales were inconsistent in 2011, nevertheless, 13 owners sold their apartment last year.  Several different floor plans at varying floor heights are available for sale, so buyers have choices.  2-bedroom apartment 3501 is out of the ordinary in that it has nearly 1900 sq. ft. of space and there is a 1-bedroom available on the 34th floor.   

The chart above shows the number of sales recorded each month vs. the number of apartments available for sale at the end of each month.  In the last six months, Nauru Tower averaged one sale per month and if that pace continues, it will take six months to sell the six apartments on the market. 

Nauru Tower Condominium
1330 Ala Moana Blvd., Honolulu, HI 96814
Built: 1991

Apartments currently available:

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

Features
Conveniently located across the street from the Ala Moana Beach Park and just one block from the Ala Moana Shopping Center and Ward Centers.

Availability
Apartments in the building:  302
Apartments available for sale:  6
Average days on market to date:  114
Apartments listed for sale in the last 30 days:  0
Months of inventory available:  6.0

Sales
Apartments under contract in escrow:  2
Apartments sold in the last 90 days:  2
Average days on market:  67
Average price per square foot:  $870.19
Sales Price / List Price:  94%
Last three sold:
3605 sold on 11/18/11 for $1,100,000
2306 sold on 11/18/11 for $1,025,000
1503 sold on 10/12/11 for $925,000

Would you like to learn more?  Please visit my web site to conduct your own Honolulu condo search.  Contact Michael Zimmerman for a no obligation consultation if you’re considering selling or buying a home or investment property.

]]> http://michael-zimmerman.com/2012/01/20/january-2012-honolulu-condominium-market-report-nauru-tower/feed/ 0 http://michael-zimmerman.com/2012/01/10/honolulu-real-estate-statistics-december-2011/ http://michael-zimmerman.com/2012/01/10/honolulu-real-estate-statistics-december-2011/#comments Tue, 10 Jan 2012 10:10:06 +0000 Michael Zimmerman http://michael-zimmerman.com/2012/01/10/honolulu-real-estate-statistics-december-2011/ Continue reading Honolulu Real Estate Statistics: December 2011]]>

The Honolulu Board of REALTORS® released the December 2011 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:

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

Read last month’s report

Summary
If you’re looking for a specific Hawaiki Tower apartment, you best not delay if one comes to market.  Four of the last five apartment sales were done in under 10 days.  Maintenance fees are quite low compared to those of surrounding Kakaako condos and the chart below shows that eager buyers have kept the number of apartments for sale to a minimum for the last 18 months.  As I write, there are two 1-bedrooms for sale (one low floor and one high floor) and three 2-bedrooms for sale (all below the 16th 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, Hawaiki Tower averaged 1.5 sales per month.  At that pace, it will take just over three months to sell the five apartments on the market.

Hawaiki Tower Condominium
88 Piikoi Street, Honolulu, HI 96814
Built: 1999

Apartments currently available:

Availability
Apartments in the building:  422
Apartments available for sale:  5
Average days on market to date:  58
Apartments listed for sale in the last 30 days:  2
Months of inventory available:  3.3

Sales
Apartments under contract in escrow:  0
Apartments sold in the last 90 days:  5
Average days on market:  16
Average price per square foot:  $853.18
Sales Price / List Price:  100%
Last three sold:
2701 sold on 11/22/11 for $600,000
4004 sold on 11/14/11 for $950,000
2506 sold on 10/26/11 for $890,000

Contact Michael Zimmerman if you have a specific question about Hawaiki Tower.  Please visit my web site to conduct your own Honolulu condo search or request special reports for home buyers or sellers.

]]> http://michael-zimmerman.com/2011/12/24/december-2011-honolulu-condominium-market-report-hawaiki-tower/feed/ 0 http://michael-zimmerman.com/2011/12/12/december-2011-honolulu-condominium-market-report-hokua-at-1288-ala-moana/ http://michael-zimmerman.com/2011/12/12/december-2011-honolulu-condominium-market-report-hokua-at-1288-ala-moana/#comments Mon, 12 Dec 2011 10:12:34 +0000 Michael Zimmerman http://michael-zimmerman.com/2011/12/12/december-2011-honolulu-condominium-market-report-hokua-at-1288-ala-moana/ Continue reading December 2011 Honolulu Condominium Market Report: Hokua at 1288 Ala Moana]]>

Summary
As you can see in the chart below, Hokua sales continue to be very strong.  And because sales are steady, the number of apartments available for sale is at an all time low.  There are five apartments with different floor plans for sale, but current buyers won’t have much choice about their floor height.  Given this, sellers have a unique opportunity with few competitors.  If you’re considering a Hokua sale or purchase, contact Michael Zimmerman.

 
The chart above shows the number of sales recorded each month vs. the number of apartments available for sale at the end of each month.  In the last six months, Hokua averaged just short of two sales each month.  If that pace continues, it will take nearly three months to sell the five apartments available.  Specific sales statistics are listed below.

Hokua at 1288 Ala Moana Condominium
1288 Ala Moana Blvd., Honolulu, HI 96814
Built: 2006

Apartments currently available:

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

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

Features
P.F. Chang’s China Bistro and the Tango Contemporary Café are located on the bottom floor.

Availability
Apartments in the building:  246
Apartments available for sale:  5
Average days on market to date:  52
Apartments listed for sale in the last 30 days:  1
Months of inventory available:  2.7

Sales
Apartments under contract in escrow:  0
Apartments sold in the last 90 days:  4
Average days on market:  107
Average price per square foot:  $1317.36
Sales Price / List Price:  97%
Last three sold:
23C sold on 11/30/11 for $1,930,000
4B sold on 11/29/11 for $1,429,000
36K sold on 11/3/11 for $4,550,000

Are you interested in learning more about Hokua at 1288 Ala Moana?  If so, contact Michael Zimmerman for a no obligation consultation.  Please visit my web site to order special reports for buyers and sellers or conduct your own Honolulu condo search.

]]> http://michael-zimmerman.com/2011/12/12/december-2011-honolulu-condominium-market-report-hokua-at-1288-ala-moana/feed/ 0 http://michael-zimmerman.com/2011/12/07/honolulu-real-estate-statistics-november-2011/ http://michael-zimmerman.com/2011/12/07/honolulu-real-estate-statistics-november-2011/#comments Wed, 07 Dec 2011 19:07:02 +0000 Michael Zimmerman http://michael-zimmerman.com/2011/12/07/honolulu-real-estate-statistics-november-2011/ Continue reading Honolulu Real Estate Statistics: November 2011]]>

The Honolulu Board of REALTORS® released the November 2011 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:

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

Read last month’s report

Summary
What a difference a few months can make!  When I wrote my last Moana Pacific report in June, very few apartments were for sale.  As I write, the number of apartments listed has doubled.  This is due in part to the developer selling units held since the building was constructed and these apartments have been selling at higher prices.  A nice mix of 1, 2 and 3-bedroom apartments are available for willing buyers.  In addition, three 3-bedroom penthouses priced $2-3 million are still on the market.  If you’re looking for a large storage unit (224 sq. ft.) or extra parking stall on the ground floor in the east tower, please contact Michael Zimmerman.

The chart above depicts the number of sales recorded each month vs. the number of apartments available for sale at the end of each month.  In the last six months, Moana Pacific averaged three sales per month and if that pace continues, it will take nearly eight months to sell the 23 apartments currently available.

Moana Pacific Condominium
1288-1296 Kapiolani Blvd., Honolulu, HI 96814
Built:  2007

Apartments currently available

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

Location
Conveniently located a few blocks from the Ala Moana Shopping Center and the Nordstrom store located on Kapiolani Blvd.

Feature
Co-located with the Honolulu Design Center, Stage Restaurant and Amuse Wine Bar.

Availability
Apartments in the building:  720
Apartments available for sale:  23
Average days on market to date:  125
Apartments listed for sale in the last 30 days:  3
Months of inventory available:  7.7

Sales
Apartments under contract in escrow:  5
Apartments sold in the last 90 days:  11
Average days on market:  17
Average price per square foot:  $602.27
Sales Price / List Price:  98%
Last three sold:
E4307 sold on 10/31/11 for $720,000
E3005 sold on 10/17/11 for $720,000
W4506 sold on 10/14/11 for $780,000

Please visit my web site to conduct your own Honolulu condo search or request special reports.  If you’re thinking of selling your home and want to do so quickly, contact Michael Zimmerman for a no obligation consultation.

]]> http://michael-zimmerman.com/2011/11/24/november-2011-honolulu-condominium-market-report-moana-pacific/feed/ 0 http://michael-zimmerman.com/2011/11/16/november-2011-honolulu-condominium-market-report-koolani/ http://michael-zimmerman.com/2011/11/16/november-2011-honolulu-condominium-market-report-koolani/#comments Wed, 16 Nov 2011 10:16:40 +0000 Michael Zimmerman http://michael-zimmerman.com/2011/11/16/november-2011-honolulu-condominium-market-report-ko%e2%80%99olani/ Continue reading November 2011 Honolulu Condominium Market Report: Koolani]]>

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/2011/11/08/honolulu-real-estate-statistics-october-2011/ http://michael-zimmerman.com/2011/11/08/honolulu-real-estate-statistics-october-2011/#comments Tue, 08 Nov 2011 10:08:29 +0000 Michael Zimmerman http://michael-zimmerman.com/2011/11/08/honolulu-real-estate-statistics-october-2011/ Continue reading Honolulu Real Estate Statistics: October 2011]]>

The Honolulu Board of REALTORS® released the October 2011 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:

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

Read last month’s report

Summary
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

Schools
Elementary:  Royal
Middle:  Central
High:  McKinley 

Availability
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

Sales
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.

]]> http://michael-zimmerman.com/2011/10/27/october-2011-honolulu-condominium-market-report-keola-lai/feed/ 0