Summary
Since the March 2008 Nauru Tower Condominium Market Report, the sales dynamics of Nauru Tower have not improved much.  In that report, I noted five units had been listed for sale over 200 days; they are still with us.  They were removed from the market for a short time and re-listed for sale, but that doesn’t change the fact that they have been available for several hundred days.  That said, there is a great mix of one and two-bedroom units for sale (low, mid and high floor).  All but one of the eight units for sale are said to be in excellent condition.  The best advice I have for both buyers and sellers is to study the most recent sales data before deciding on an offer or selling price.

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

Schools
Elementary:  Kaahumanu
Middle:  Central
High:  McKinley

Features
Conveniently located across the street from the Ala Moana Beach Park and just one block from the Ala Moana Shopping Center, Ward Centers and the Whole Foods Market currently under construction.

Availability
Units in the building:  302
Units available for sale:  8
Average days on market to date:  69**
Units listed for sale in the last 30 days:  5
Months of inventory available:  6.9

**This figure is misleading as several units were previously on the market over 200 days.  The listings either expired or were withdrawn and then were subsequently listed for sale again.  This practice artificially reduces the average days on market figure.

Sales
Units under contract in escrow:  2
Units sold in the last 30 days:  1
Average days on market:  257
Sales Price / List Price:  92%

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

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