Summary
The sales trend at Hawaiki Tower is very similar to that of other Kakaako condominiums; a rising number of sales coupled with a corresponding drop in the number of apartments for sale. Should this continue, we may return to a seller’s market as buyers have much less inventory to choose from. With just four Hawaiki Tower apartments for sale, the choices are already limited. For example, there are no 1-bedroom and no 3-bedroom apartments for sale. However, the 2-bedrooms apartments available are spread from low floors to high floors and offer Diamond Head or Ewa views. One of these is a highly sought after 2-bedroom ‘09 floor plan with 1400 sq. ft. on the 19th floor.
The chart above 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 dramatically decreased in the last seven months. In the last six months, 10 Hawaiki Tower apartments sold and if that pace continues, it will take just 2.4 months to sell the 4 apartments on the market now.
88 Piikoi Street, Honolulu, HI 96814
Built: 1999
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: 4
Average days on market to date: 68
Apartments listed for sale in the last 30 days: 2
Months of inventory available: 2.4
Sales
Apartments under contract in escrow: 1
Apartments sold in the last 90 days: 4
Average days on market: 68
Sales Price / List Price: 93%
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.
Contributed by Michael Zimmerman
Direct: 808-457-9683
Michael@Michael-Zimmerman.com
www.michael-zimmerman.com
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