March 2010 Honolulu Condominium Market Report – Ko’olani
Summary
Ko’olani sales trends have been so good that in many cases, buyer choices are quite limited. Sales are consistent and the number of apartments for sale continues its decline that began in mid-2008. Certain floor plans are not available as I write and not much is available on higher floors. Some apartments are priced above what the market will bear and their time on the market confirms that observation. Buyers should stand ready to act when something they’re looking for comes on the market.
Ko’olani Condominium
Address: 1177 Queen Street, Honolulu, HI 96814
Built: 2006
Schools
Elementary School: Kaahumanu
Middle School: Central
High School: McKinley
Conveniently located one block from the Ala Moana Shopping Center and just a few blocks from Ward Centers and the Nordstrom store located on Kapiolani Blvd.
Availability
Apartments in the building: 370
Apartments available for sale: 11
Average days on market to date: 91
Apartments listed for sale in the last 30 days: 4
Months of inventory available: 6.0
Apartments under contract in escrow: 3
Apartments sold in the last 90 days: 6
Average days on market: 91
Average price per square foot: $648.11
Sales Price / List Price: 95%
Would you like to learn more about Ko’olani? If so, contact Michael Zimmerman, the condominium expert. Please visit my web site to view Ko’olani condos for sale, request special reports or search for other Honolulu condos for sale.
Contributed by Michael ZimmermanDirect: 808-457-9683
Michael@Michael-Zimmerman.com
www.Michael-Zimmerman.com
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