Summary
Hawaiki Tower qualifies as a “best buy” in Kakaako from a maintenance fee perspective.  Please read my 2009 Honolulu Condominium Maintenance Fee Comparison report for more details.  The large 2-bedroom ‘09 apartments are rarely available, but as I write, two are at your disposal (1809 and 1909).  In addition, three 3-bedroom apartments are on the market, but they are fairly expensive.  No 1-bedroom apartments for sale, but these offerings run in cycles.  The four remaining 2-bedroom apartments for sale are a good mix of floor plans and all are on relatively high floors (28-36), so their views should be excellent.

The chart below shows the number of sales recorded each month vs. the number of apartments available for sale at the end of each month.  As you can see, the number of apartments for sale exploded over the past year, but is coming down nicely.  In the last six months, Hawaiki Tower averaged two sales every three months and if that pace continues, it will take 13.5 months to sell the 9 apartments currently available.

Hawaiki Listed vs. Sold

Hawaiki Tower Condominium
88 Piikoi Street, Honolulu, HI 96814
Built: 1999

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

Features
Conveniently located across the street from the Ala Moana Shopping Center and one block from Ala Moana Beach Park.  Just blocks away from the Nordstrom store located on Kapiolani Blvd.

Availability
Apartments in the building:  422
Apartments available for sale:  9
Average days on market to date:  98
Apartments listed for sale in the last 30 days:  2
Months of inventory available:  13.5

Sales
Apartments under contract in escrow:  2
Apartments sold in the last 90 days:  5
Average days on market:  96
Sales Price / List Price:  91%

Contact Michael Zimmerman if you have a specific question about Hawaiki Tower.  Please visit my web site to view Hawaiki apartments for sale, conduct your own Honolulu condo search or request special reports for home buyers or sellers.

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