Summary
Ko’olani sales slowed in the second quarter, but were relatively strong when compared with other condo building sales in the Kakaako market.  Just six units sold in the second quarter of 2008 vs. 12 sales in the first quarter.  The sales were completed, mainly because the homes were priced right.  The inventory of units for sale rose dramatically in the second quarter from 23 to 33.  33 units represent a full 11 months of sales.  Ten homes have been on the market over 100 days, indicating they carry a price buyers are not willing to pay.  The last three condos sold at an average of 99% of their list price.  Specific sales statistics are below.

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

Schools
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 Nordstrom store located on Kapiolani Blvd.

Availability
Units in the building:  370
Units available for sale:  33
Average days on market to date:  86
Units listed for sale in the last 30 days:  5
Months of inventory available:  11.0

Sales
Units under contract in escrow:  0
Units sold in the last 30 days:  3
Average days on market:  87
Sales Price / List Price:  99%

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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