Summary
Imperial Plaza has experienced a reasonably brisk sales pace during the last six months (10 units sold in the last six months – 10% annual rate).  Nevertheless, it took 107 days, on average, for each sale.  It’s still a buyer’s market in the building because even at the higher sales rate, it will take over nine months to sell all units currently offered for sale.  There are at least 10 different floor plans available right now…so there’s a lot to choose from.

However, the number of sales may begin to fall if some sellers hold firm on their list price.  Prices are all over the place ranging from $424 to $752 per square foot.  Based on historical sales data, some asking prices may not be very realistic.  This hasn’t changed since the March 2008 report.  One thing buyers should be aware of is the maintenance fee paid per square foot is a good deal higher than that paid in comparable buildings.

The Imperial Plaza Condominium
725 Kapiolani Blvd., Honolulu, HI 96813
Built: 1991

Schools
Elementary:  Royal 
Middle:  Central
High:  McKinley

Availability
Units in the building:  205
Units available for sale:  16
Average days on market to date:  114
Units listed for sale in the last 30 days:  2
Months of inventory available:  9.6

Sales
Units under contract in escrow:  1
Units sold in the last 30 days:  1
Average days on market:  46
Sales Price / List Price:  96%

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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