The Imperial Plaza Condominium

725 Kapiolani Blvd., Honolulu, HI 96813
Built: 1991

Elementary School:  Royal 
Middle School:  Central
High School:  McKinley

Summary
The Imperial Plaza has a wide range of floor plans to choose from.  The condos range from 2 bedroom/2 bath units with around 900 sq. ft all the way up to 4 bedroom/3 bath units exceeding 3000 sq. ft. of living space.  Imperial Plaza also has 32 two-story townhouse units with varying bed and bath combinations.

The number of units for sale at Imperial Plaza has nearly doubled in the last 30 days.  Normally, I would be very concerned with that many units on the market at one time, but there is a great mix of floor plans for sale.  That means one seller isn’t necessarily competing with the other 13 sellers.  Buyers have many choices, so they can pick the unit configuration that meets their needs.  Many people prefer the ‘04 unit on each floor because all of its rooms are rectangular.  Most other units have at least one triangle-shaped bedroom. 

In my opinion, there are a few units for sale on the upper floors that are grossly overpriced.  I’m talking about several hundred thousand dollars above the last recorded sale price for a comparable unit.  I have doubts that those homes would appraise near the list price.  It really makes me wonder what agents are thinking when allow their client to select a list price that bears no relation to reality.

If you are serious about selling your condominium, please contact Michael.  I will give you an honest assessment of what I believe your condo will sell for.  I will not tell you what you want to hear; I will tell you what you need to hear.  My clients deserve nothing less!

Availability
Units in the building:  205
Units available for sale:  14
Average days on market to date:  69
Units listed for sale in the last 30 days:  6
Months of inventory available:  11.2

Sales
Units under contract in escrow:  2
Units sold in the last 30 days:  3
Average days on market:  116

Do you have questions about The Imperial Plaza?  If so, contact Michael Zimmerman for a no obligation consultation.  Please visit my web site to view Imperial Plaza units for sale or conduct your own Honolulu home search.

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