Honolulu Real Estate and Community News Courtesy of Michael Zimmerman (RA) » Market Reports

Honolulu Real Estate Statistics: First Quarter 2012

Michael Zimmerman — Sun, 20 May 2012 10:20:32 +0000

The Honolulu Board of REALTORS® released the first 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 2012 and 2011. The median prices cited below are year-to-date for 2012 and 2011 as well.

Single Family Homes
Neighborhood	2012 Sold	2012 Median*	2011 Sold	2011 Median*
Aina Haina-Kuliouou	15	$950,000	17	$1,025,000
Ala Moana-Kakaako	2	$912,500	0	NA
Downtown-Nuuanu	48	$765,000	19	$725,000
Ewa Plain	89	$437,100	102	$430,000
Hawaii Kai	50	$799,500	21	$910,000
Kailua-Waimanalo	61	$795,000	47	$777,975
Kalihi-Palama	27	$560,000	21	$532,500
Kaneohe	33	$675,000	46	$615,000
Kapahulu-Dia. Head	50	$772,500	41	$675,000
Makaha-Nanakuli	47	$280,000	45	$280,000
Makakilo	22	$542,500	20	$500,000
Makiki-Moiliili	22	$867,500	25	$900,000
Mililani	44	$602,500	38	$543,750
Moanalua-Salt Lake	7	$525,000	16	$657,500
North Shore	24	$712,000	17	$562,500
Pearl City-Aiea	38	$618,900	41	$577,500
Wahiawa	6	$289,500	22	$377,500
Waialae-Kahala	18	$1,215,000	21	$1,200,000
Waikiki	0	NA	0	NA
Waipahu	49	$485,000	53	$525,000
Windward Coast	6	$327,500	16	$521,000

Condominiums
Neighborhood	2012 Sold	2012 Median*	2011 Sold	2011 Median*
Aina Haina-Kuliouou	0	NA	2	$536,500
Ala Moana-Kakaako	91	$425,000	85	$363,500
Downtown-Nuuanu	65	$350,000	59	$386,750
Ewa Plain	71	$299,000	77	$316,500
Hawaii Kai	41	$500,000	40	$540,000
Kailua-Waimanalo	25	$370,000	14	$422,500
Kalihi-Palama	18	$283,000	19	$245,000
Kaneohe	23	$401,000	27	$375,000
Kapahulu-Dia. Head	20	$390,000	20	$485,000
Makaha-Nanakuli	19	$88,000	24	$89,450
Makakilo	15	$257,000	19	$250,000
Makiki-Moiliili	103	$305,000	101	$300,000
Mililani	58	$254,500	51	$279,500
Moanalua-Salt Lake	36	$263,000	37	$277,500
North Shore	6	$259,000	9	$270,000
Pearl City-Aiea	45	$255,000	70	$257,000
Wahiawa	3	$110,000	5	$108,000
Waialae-Kahala	9	$410,850	6	$350,000
Waikiki	175	$283,000	192	$299,500
Waipahu	24	$270,400	43	$258,000
Windward Coast	2	$159,500	3	$203,500

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

Read last quarter’s report

May 2012 Honolulu Condominium Market Report: Koolani

Michael Zimmerman — Wed, 16 May 2012 10:16:58 +0000

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.

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

Honolulu Real Estate Statistics: April 2012

Michael Zimmerman — Mon, 07 May 2012 19:07:12 +0000

The Honolulu Board of REALTORS® released the April 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
April 2012	217	-5.2%	$600,000	+2.6%
April 2011	229		$585,000

Condominium Resales
	Number of Sales	Compared to Prior Year	Median* Sales Price	Compared to Prior Year
April 2012	343	-9.5%	$319,000	+4.6%
April 2011	379		$305,000

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

Read last month’s report

Honolulu Real Estate Statistics: March 2012

Michael Zimmerman — Mon, 09 Apr 2012 19:09:29 +0000

The Honolulu Board of REALTORS® released the March 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
March 2012	222	-10.8%	$625,000	+13.9%
March 2011	249		$548,500

Condominium Resales
	Number of Sales	Compared to Prior Year	Median* Sales Price	Compared to Prior Year
March 2012	338	+2.1%	$311,750	-1.0%
March 2011	331		$315,000

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

Read last month’s report

March 2012 Honolulu Condominium Market Report: Keola Lai

Michael Zimmerman — Sun, 25 Mar 2012 10:25:36 +0000

Summary
As I write, there are no apartments for sale in the building (one is in escrow).

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: 0
Average days on market to date: NA
Apartments listed for sale in the last 30 days: 0
Months of inventory available: NA

Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 4
Average days on market: 79
Average price per square foot: $615.00
Sales Price / List Price: 98%
Last three sold:
3505 sold on 3/16/12 for $670,000
2807 sold on 3/8/12 for $575,000
1805 sold on 1/6/12 for $630,000

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.

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

March 2012 Honolulu Condominium Market Report: Capitol Place

Michael Zimmerman — Mon, 12 Mar 2012 10:12:49 +0000

Capitol Place Condominium
1200 Queen Emma Street, Honolulu, HI 96813
Built: 2008

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, Capitol Place averaged just under two sales per month. At that pace, it will take seven months to sell the 13 apartments available for sale.

Apartments currently available:

Schools
Elementary: Royal
Middle: Central
High: McKinley

Availability
Apartments in the building: 394
Apartments available for sale: 13
Average days on market to date: 101
Apartments listed for sale in the last 30 days: 2
Months of inventory available: 7.1

Sales
Apartments under contract in escrow: 6
Apartments sold in the last 90 days: 9
Average days on market: 80
Average price per square foot: $617.46
Sales Price / List Price: 97%
Last three sold:
2207 sold on 3/2/12 for $700,000
3301 sold on 3/2/12 for $675,000
2802 sold on 2/15/12 for $830,000

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

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

Honolulu Real Estate Statistics: February 2012

Michael Zimmerman — Thu, 08 Mar 2012 10:08:53 +0000

The Honolulu Board of REALTORS® released the February 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
February 2012	217	+19.9%	$625,000	+9.6%
February 2011	181		$570,000

Condominium Resales
	Number of Sales	Compared to Prior Year	Median* Sales Price	Compared to Prior Year
February 2012	227	-23.1%	$315,000	-1.6%
February 2011	295		$320,000

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

Read last month’s report

February 2012 Honolulu Condominium Market Report: Harbor Court

Michael Zimmerman — Sat, 25 Feb 2012 10:25:21 +0000

Summary
There is just one apartment for sale as I write and it’s a floor plan that hasn’t sold in over four years; an ’05 stack apartment. The apartment is very large at 1509 sq. ft., has a 142 sq. ft. lanai and one parking stall. The apartment was recently remodeled with new carpet, fresh paint and new appliances. Since it’s located on the Ewa end of the building, the apartment has city views in addition to the usual gorgeous harbor views.

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. There have been four sales in the last six months, so it should take approximately 1.5 months to sell the one apartment on the market.

Harbor Court Condominium
66 Queen Street, Honolulu, HI 96813
Built: 1994

Apartments currently available

Feature
Conveniently located just a few blocks from Chinatown and right across the street from Aloha Tower Marketplace.

Schools
Elementary: Royal
Middle: Central
High: McKinley

Availability
Apartments in the building: 120
Apartments available for sale: 1
Average days on market to date: 71
Apartments listed for sale in the last 30 days: 0
Months of inventory available: 1.5

Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 1
Average days on market: 70
Average price per square foot: $536.98
Sales Price / List Price: 97%
Last three sold:
3803 sold on 12/12/11 for $755,000
2203 sold on 10/7/11 for $620,000
1704 sold on 9/16/11 for $550,000

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

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

February 2012 Honolulu Condominium Market Report: Imperial Plaza

Michael Zimmerman — Mon, 13 Feb 2012 10:13:38 +0000

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
Subscribe to Honolulu Real Estate and Community News

Honolulu Real Estate Statistics: January 2012

Michael Zimmerman — Thu, 09 Feb 2012 10:09:43 +0000

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