Honolulu Real Estate and Community News Courtesy of Michael Zimmerman (RA) » One Waterfront Towers

January 2012 Honolulu Condominium Market Report: One Waterfront Towers

Michael Zimmerman — Sat, 28 Jan 2012 10:28:11 +0000

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.

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

August 2011 Honolulu Condominium Market Report – One Waterfront Towers

Michael Zimmerman — Sun, 21 Aug 2011 10:21:37 +0000

Summary
One Waterfront Towers sales have been inconsistent in the first half of 2011. A large 2011 maintenance fee increase/special assessment does not help. Buyers have many choices as there are several 1- and 2-bedroom condos available in all floor height ranges. The current sales trend may well continue as many apartments offered for sale are 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 varied over the past year and is slightly lower than it was a year ago. In the last six months, One Waterfront Towers averaged just under four sales every three months. At that pace, it will take more than 10 months to sell the 14 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: 14
Average days on market to date: 100
Apartments listed for sale in the last 30 days: 2
Months of inventory available: 10.5

Sales
Apartments under contract in escrow: 2
Apartments sold in the last 90 days: 5
Average days on market: 92
Average price per square foot: $538.46
Sales Price / List Price: 97%
Last three sold:
I802 sold on 8/8/11 for $445,000
A2302 sold on 8/1/11 for $455,000
A1403 sold on 6/23/11 for $400,000

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 2011 Honolulu Condominium Market Report – One Waterfront Towers

Michael Zimmerman — Sat, 12 Feb 2011 10:12:45 +0000

Summary
One Waterfront Towers’ sales have been sporadic during the last six months. While many other Kakaako condominiums have seen their number of apartments for sale dwindle during the last year, that’s not the case at One Waterfront Towers. A large 2011 maintenance fee increase is probably a major factor. Buyers have many choices as there are several 1- and 2-bedroom condos available on high and low floors.

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 varied widely over the past year, but is nearly the same as a year ago. In the last six months, One Waterfront Towers averaged just under two sales per month. At that pace, it will take seven months to sell the 13 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: 13
Average days on market to date: 101
Apartments listed for sale in the last 30 days: 1
Months of inventory available: 7.1

Sales
Apartments under contract in escrow: 3
Apartments sold in the last 90 days: 7
Average days on market: 78
Average price per square foot: $447.28
Sales Price / List Price: 95%
Last three sold:
A703 sold on 12/29/10 for $456,000
A104 sold on 12/20/10 for $585,000
A2004 sold on 12/14/10 for $650,000

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

July 2010 Honolulu Condominium Market Report – One Waterfront Towers

Michael Zimmerman — Mon, 12 Jul 2010 10:12:33 +0000

Summary
Sales have been steady at One Waterfront Towers during the last seven months, but unlike other Kakaako condominiums, the inventory here has not declined. Instead, it has increased. The main objection owners and buyers share is the size of the maintenance fees and that a special assessment continues.

Many apartments are for sale, so buyers have lots of choices. 1- and 2-bedroom condos spread from low to high floors, but some of the asking prices are impractical and are not supported by recent sales. For buyers financing their purchase, it may be very difficult to obtain an appraisal that supports these prices.

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 varied over the past year, but is nearly the same as a year ago. In the last six months, One Waterfront Towers averaged five sales every three months. At that pace, it will take over nine months to sell the 16 apartments listed for sale.

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

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: 16
Average days on market to date: 130
Apartments listed for sale in the last 30 days: 1
Months of inventory available: 9.6

Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 2
Average days on market: 184
Average price per square foot: $547.49
Sales Price / List Price: 96%

What else would you like to know about One Waterfront Towers? Please visit my web site to view One Waterfront Towers apartments for sale, 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.

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: SIMPLY SENSATIONAL One Waterfront Towers Condo Just Sold

Michael Zimmerman — Sat, 19 Dec 2009 10:19:06 +0000

Michael Zimmerman just sold the One Waterfront Towers condominium with this stunning view after receiving several offers.

Sold for $505,000 Fee Simple

Two words: SIMPLY SENSATIONAL

One Waterfront Towers Condominium
425 South Street Mauka/2302
Honolulu, HI 96813
MLS #2913492

View the 4-page Home Brochure

Relax and enjoy stunning sapphire and turquoise blue ocean views from this serene, elegant home. The private lanai is perfect for entertaining your guests, unwinding while reading or enjoying the evening sunset. The impeccable apartment features a wide range of upgrades and is ready for immediate move in.

This magnificent apartment is in impeccable condition and features several upgrades such as granite countertops in the kitchen and bathroom, refreshed kitchen appliances, front loading washer and dryer, enclosed shower, tiled floors, closet organizers and more.

Stunning sapphire and turquoise blue ocean views
Scenic views of the harbor, mountains and downtown
Dine at sunset on your private lanai
Grand open living space
Floor to ceiling windows
Exquisite tiled floors
Dining area bar may be used as an eating area
Ample in-home storage
Living area approximately 804 square feet
Lanai approximately 130 square feet
One covered, assigned parking stall
Includes one year Home Warranty

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.

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

Honolulu Real Estate: SIMPLY SENSATIONAL One Waterfront Towers Condo For Sale

Michael Zimmerman — Thu, 15 Oct 2009 11:15:47 +0000

Michael Zimmerman just listed apartment Mauka/2302 in the One Waterfront Towers Condominium for sale.

Two words: SIMPLY SENSATIONAL

One Waterfront Towers Condominium
425 South Street Mauka/2302
Honolulu, HI 96813
MLS #2913492

View the 4-page Home Brochure

You will appreciate and enjoy the elegance and value of this splendid home. The large, open floor plan is a rare find these days. There are only four apartments per floor, so it’s calm and private.

One Waterfront Towers is one of Honolulu’s premier luxury condominiums. The buildings are a prominent landmark easily seen from Diamond Head to the Waianae Coast. Conveniently located just minutes from Ala Moana Shopping Center, Ward Centers, Downtown, Chinatown, Restaurant Row, Aloha Tower and Waikiki.

Don’t miss your unique opportunity to own this ideal one bedroom condominium.

Stunning sapphire and turquoise blue ocean views
Scenic views of the harbor, mountains and downtown
Dine at sunset on your private lanai
Grand open living space
Floor to ceiling windows
Exquisite tiled floors
Dining area bar may be used as an eating area
Ample in-home storage
Living area approximately 804 square feet
Lanai approximately 130 square feet
One covered, assigned parking stall
Includes one year Home Warranty

Please contact Michael Zimmerman if you have a specific question or visit my Featured Properties web page 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.

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

September 2009 One Waterfront Towers Condominium Market Report Honolulu

Michael Zimmerman — Sat, 12 Sep 2009 11:12:27 +0000

Summary
During the last four months, there has been a bit of a sales drought at One Waterfront Towers. Just one apartment sold during that time. Based on conversations I’ve had with owners and potential buyers, some people are concerned about the possibility of additional maintenance fee increases.

Since my April Report, two short sales have entered escrow (a 1-bedroom and a 2-bedroom). Time will tell if the lenders approve the sale and they actually close. There is a low floor 2-bedroom leasehold apartment for sale as well. Many other apartments are for sale, but one wonders why the owners have chosen listing prices that no one has paid for many years, let alone in the economic times we face.

One Waterfront Towers Listed vs. Sold

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 varied quite a bit over the past year, but is nearly the same as a year ago. In the last six months, One Waterfront Towers averaged just two sales every three months. At that pace, it will take 24 months to sell the 16 apartments listed for sale.

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

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: 16
Average days on market to date: 121
Apartments listed for sale in the last 30 days: 3
Months of inventory available: 24.0

Sales
Apartments under contract in escrow: 3
Apartments sold in the last 90 days: 1
Average days on market: 60
Sales Price / List Price: 97%

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

This STUNNING and IMMACULATE One Waterfront Towers Condo Just Sold in Honolulu

Michael Zimmerman — Tue, 18 Aug 2009 11:18:59 +0000

Michael Zimmerman just sold the One Waterfront Towers condominium with this breathtaking view. It was the first one bedroom sale in nearly three months.

Sold for $530,000 Fee Simple

Spectacular Ocean View

Two words: STUNNING and IMMACULATE!

One Waterfront Towers Condominium
415 South Street Makai/2803
Honolulu, HI 96813
MLS #2906011

View the 4-page Home Brochure

One Waterfront Towers is one of Honolulu’s premier luxury condominiums. The buildings are a landmark easily seen from Diamond Head to the Waianae Coast. Conveniently located just minutes from Ala Moana Shopping Center, Ward Centers, Downtown, Chinatown, Restaurant Row, Aloha Tower and Waikiki.

Come home at the end of the day to a first class building with fantastic amenities that include exercise room, heated pool, sauna, whirlpool, tennis courts, BBQ area, covered parking and 24 hour security patrol.

Beautiful views of the harbor, mountains and downtown
Great open living space
Entertain guests at sunset on your large, private lanai
Bedroom enclosed to create a private suite
Wider dining area bar may be used as an eating area
Exquisite polished limestone floors
Abundant in-home storage
Floor to ceiling windows
Living area approximately 804 square feet
Lanai approximately 235 square feet
One covered, assigned parking stall

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 home search.

Honolulu Real Estate: STUNNING and IMMACULATE One Waterfront Towers Condo For Sale

Michael Zimmerman — Sat, 02 May 2009 11:02:47 +0000

Michael Zimmerman just listed apartment Makai/2803 in the One Waterfront Towers Condominium for sale.

Lanai

Two words: STUNNING and IMMACULATE!

One Waterfront Towers Condominium
415 South Street Makai/2803
Honolulu, HI 96813
MLS #2906011

View the 4-page Home Brochure

Unwind and enjoy striking sapphire and turquoise blue ocean views from this peaceful, elegant home. The large, private lanai is perfect for relaxing while reading a book, enjoying a meal anytime of the day or entertaining your guests at sunset. This one bedroom, one bath apartment features a wide range of upgrades and is ready for immediate move in. It’s exactly what you’ve been waiting for.

Ocean View

Harbor View

(more pictures below)

You will enjoy and appreciate the elegance and value of this magnificent home. The large open floor plan is a rare find these days. There are only four apartments per floor, so it’s quiet and private.

The luxurious apartment boasts several upgrades such as granite kitchen countertops, a marble bathroom countertop, mirrored living room wall, the original popcorn ceiling has been removed, recessed ceiling lighting was installed in the living room and bedroom, electrical switches have dimmers, closet organizers and more.

Don’t miss your unique opportunity to own this ideal one bedroom condominium.

Beautiful views of the harbor, mountains and downtown
Great open living space
Entertain guests at sunset on your large, private lanai
Bedroom enclosed to create a private suite
Wider dining area bar may be used as an eating area
Exquisite polished limestone floors
Abundant in-home storage
Floor to ceiling windows
Living area approximately 804 square feet
Lanai approximately 235 square feet
One covered, assigned parking stall

Please Contact Michael Zimmerman if you have a specific question or visit my Featured Properties web page to learn more about this fine home.

©2008 Coldwell Banker Real Estate Corporation. Coldwell Banker® is a registered trademark of Coldwell Banker Corporation. An Equal Opportunity Company. Equal Housing Opportunity. All square footages are approximate. The information contained herein, while not guaranteed, has been obtained from sources believed to be reliable.

Living Room

Dining Area

Kitchen

Bedroom

Bathroom

Pool

April 2009 One Waterfront Towers Condominium Market Report Honolulu

Michael Zimmerman — Sun, 19 Apr 2009 11:19:47 +0000

Summary
The number of apartments for sale at One Waterfront Towers jumped 40% from 10 to 14 since my November Market Report. New listings have come on the market including a couple of short sales for buyers willing to take their chances on what will probably be very long escrows. Additionally, a 1-bedroom leasehold apartment is for sale and the fee may be available for purchase. Plenty of high floor 1 and 2-bedroom apartments are for sale, but as usual, some of those are priced way above what the market will bear. Proof of that is this — three apartments have been available over 200 days.

One Waterfront Towers Listings vs. Sales

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 varied quite a bit over the past year, but nearly doubled since mid 2008. In the last six months, Waterfront Towers averaged just two sales every three months. At that pace, it will take 21 months to sell the 14 apartments listed for sale.

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

Schools
Elementary: Royal
Middle: Central
High: McKinley

Features
Located right next to Restaurant Row which includes Ruth’s Chris Steak House and the Restaurant Row 9 Theatres. It’s just steps away from Kakaako Waterfront Park.

Availability
Apartments in the building: 302
Apartments available for sale: 14
Average days on market to date: 139
Apartments listed for sale in the last 30 days: 0
Months of inventory available: 21.0

Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 2
Average days on market: 199
Sales Price / List Price: 98%

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