Summary
Ko’olani sales are still strong despite the fact that several units are listed significantly above market price.  11 units sold in the first quarter of 2008, but three of those sales were slow-moving penthouse units that were on the market well over a year.  Of the 23 units for sale, there is a great mix of two and three-bedroom units.  Eight of these units have been on the market over 100 days, perhaps presenting an opportunity for patient buyers.  The last three units sold at an average of 95% of their list price.  Specific sales statistics are below.

Address:  1177 Queen Street, Honolulu, HI 96814
Built:  2006

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

Location
Conveniently located one block from the Ala Moana Shopping Center and the Whole Foods Market currently under construction.  Just a few blocks from Ward Centers and the new Nordstrom store located at 1519 Kapiolani Blvd.

Availability
Units in the building:  370
Units available for sale:  23
Average days on market to date:  104
Units listed for sale in the last 30 days:  5
Months of inventory available:  6.3 

Sales
Units under contract in escrow:  2
Units sold in the last 30 days:  3
Average days on market:  121

Would you like to learn more?  Please visit my web site to view Ko’olani units for sale, contact Michael Zimmerman for a no obligation consultation or conduct your own Honolulu home search.

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