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/2012/05/12/just-sold-ocean-vista-two-bedroom-condo/ http://michael-zimmerman.com/2012/05/12/just-sold-ocean-vista-two-bedroom-condo/#comments Sat, 12 May 2012 10:12:26 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5887 Continue reading Just Sold: Ocean Vista Two Bedroom Condo]]>

Michael Zimmerman just sold apartment 802 in the Ocean Vista condominium.

Sold for $305,000 Fee Simple

 
Ocean Vista
3033 Ala Ilima Street #802
Honolulu, HI 96818    

MLS #1200265    

• Two bedrooms, two baths
• One assigned parking space
• Living area approximately 1012 sq. ft.
• Owner occupancy 76% (Sep 2011)

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/2012/05/12/just-sold-ocean-vista-two-bedroom-condo/feed/ 0 http://michael-zimmerman.com/2012/05/09/new-purchase-contract/ http://michael-zimmerman.com/2012/05/09/new-purchase-contract/#comments Wed, 09 May 2012 10:09:55 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5918 Continue reading New Purchase Contract]]>

The Honolulu Board of Realtors^® released a new Purchase Contract.  It must be used in all transactions dated on or after May 1, 2012.  In my opinion, the content is much the same, but it is organized differently.  The contract grew from 12 to 13 pages.  Take a look: 

New Purchase Contract

]]> http://michael-zimmerman.com/2012/05/09/new-purchase-contract/feed/ 0 http://michael-zimmerman.com/2012/05/07/honolulu-real-estate-statistics-april-2012/ http://michael-zimmerman.com/2012/05/07/honolulu-real-estate-statistics-april-2012/#comments Mon, 07 May 2012 19:07:12 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5882 Continue reading Honolulu Real Estate Statistics: April 2012]]>

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:

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

Read last month’s report

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/2012/04/09/honolulu-real-estate-statistics-march-2012/ http://michael-zimmerman.com/2012/04/09/honolulu-real-estate-statistics-march-2012/#comments Mon, 09 Apr 2012 19:09:29 +0000 Michael Zimmerman http://michael-zimmerman.com/?p=5857 Continue reading Honolulu Real Estate Statistics: March 2012]]>

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:

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

Read last month’s report

“A politician’s words reveal less about what he thinks about his subject than what he thinks about his audience.”

- George Will

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.

]]> http://michael-zimmerman.com/2012/03/25/march-2012-honolulu-condominium-market-report-keola-lai/feed/ 0 http://michael-zimmerman.com/2012/03/21/annual-association-meeting-lessons-learned-2/ http://michael-zimmerman.com/2012/03/21/annual-association-meeting-lessons-learned-2/#comments Wed, 21 Mar 2012 10:21:19 +0000 Michael Zimmerman http://zimmerman.realty-buzz.com/?p=3001 Continue reading Annual Association Meeting Lessons Learned]]>

Annual condominium association meetings are typically held during the months of January through April.  Attending the annual meeting may not seem important, especially for those who live in a well-managed condominium.  However, if you are concerned with the way your association is governed or how your maintenance fees are spent, the annual meeting is an excellent opportunity to effect a positive change.  This is done by electing competent, independent-thinking directors who aren’t on a power trip and don’t have personal agendas.

Below are some lessons learned that may help you at your next annual association meeting.

Get involved.  If you are unhappy with the direction your Board and Association are headed, do everything in your power to bring about change.  It’s easy to say you’re too busy, but every owner is busy with work, raising children or other interests.  You cannot afford to sit idly by and hope other owners will miraculously correct the problem.

Build a coalition.  Find concerned owners in the building who have similar goals.  This may take several months, but the sooner you realize you’re all in this together, the sooner you can take steps to alter the Association’s direction.  

Be patient.  In most cases, the change you desire won’t happen overnight.  Depending on who is currently serving on the Board, it may take two or three years to elect the right team of directors.

Ensure the annual meeting is held.  To conduct the meeting in the first place, a quorum must be established.  Generally, that means over 50% of the owners must be present or have provided their proxy to the management company.  If the Association fails to establish a quorum, the annual meeting is canceled and rescheduled.  This is expensive as notices must be mailed a second (or more) time to all owners.  Some associations require these notices be mailed via Certified Mail, further adding to the cost.  Who pays for this?  You do, through your maintenance fees.

Director nominations.  Your association may establish a nominating committee.  Notifying that committee of your interest to run for a director position may work, but check your association’s rules to be sure.  Sending out a “brag sheet” along with the management company’s annual meeting notice may not be sufficient either.  The one sure way to get someone on the ballot is to nominate them from the floor prior to casting votes in the election.

Vote for those you know and trust.  A strategy to effect change is to collect proxies from absentee owners and like-minded local owners who trust your judgment.  The goal is to amass enough votes so you can elect directors you believe will do what’s best for the Association.  This is more difficult than it sounds.

Don’t be greedy.  Cumulative voting enables you to stack multiple votes on just one director.  The number of votes you control will dictate how to spread the total votes.  If you control a large percentage of the total votes, you may be able to elect more than one of your trusted candidates.  If you get too greedy, you may spread your votes too thin and fail to elect even one of your candidates.

You should also read Ten Reasons To Attend Honolulu Association Board Meetings.

]]> http://michael-zimmerman.com/2012/03/21/annual-association-meeting-lessons-learned-2/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.