March 2008 Nauru Tower Condominium Market Report Honolulu

Nauru Tower Condominium

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

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

Feature
Conveniently located across the street from the Ala Moana Beach Park and just one block west of the Ala Moana Shopping Center.

Summary
Of the 11 units available for sale, three have been on the market over 300 days (two of those three have been on and off the market dating back to mid 2006) and two units have been available for over 200 days.  Why aren’t these units selling?  It’s not location.  It’s not condition as all are advertised to be in excellent condition.  So that leaves price.  It appears there are quite a few owners who may not be all that serious about selling their home.  At some point, one or more of these units may present a great opportunity for a patient buyer.

There are very few three bedroom units available in Nauru Tower, but one is available as of March 12.  This unit combines the two bedroom unit 3301 and one bedroom unit 3302.  It even has a bonus room that can be used as a fourth bedroom or a den.  This unit isn’t for everyone, but presents a unique opportunity for someone looking to reshape the unit to their liking.

Availability
Units in the building:  302
Units available for sale:  11
Average days on market to date:  167
Units listed for sale in the last 30 days:  2
Months of inventory available:  6.6

Sales
Units under contract in escrow:  2
Units sold in the last 30 days:  3
Average days on market:  153

Would you like to learn more?  Please visit my web site to view Nauru units for salecontact Michael Zimmerman for a no obligation consultation or conduct your own Honolulu home search.


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