About Ala Moana
Ala Moana is an energetic, urban beachfront community of high rise condos in Honolulu, world class shopping and a wealth of outdoor recreation options, located between Waikiki to the east and fast growing Kakaako to the west. The Hawaii Convention Center, an impressive architectural masterpiece, located on the corner of Kapiolani Blvd and Kalakaua Ave, marks the eastern boundary of Ala Moana. With the Ala Wai Canal, Ala Wai Yacht Harbor and Ala Moana Beach Park in the south, the area is bordered by Piikoi St in the west and Kapiolani Blvd in the north.
Insight to Ala Moana Condos
Ala Moana condos for sale start in the mid $100,000 range for a studio at the Ala Moana Hotel Condo and go up to ~$10M for a luxurious penthouse suite at One Ala Moana and north of $20M for a grand penthouse at upcoming Park Lane.
there are only about a dozen condos in Ala Moana for the lucky and fortunate few, with several condos boasting one of a kind ocean, beach park and boat harbor views. The condos have all of the top 3 real estate selling points – location, location, location. They're conveniently close to the Ala Moana Shopping Center, the world’s largest open air shopping mall, and, the Ala Moana Beach Park, Hawaii’s largest beach park.
Some of the notable condos in Ala Moana include:
Park Lane Ala Moana: 7 ultra-luxury 100ft structures right on Ala Moana Shopping Center. Will be completed year 2017.
One Ala Moana - Sold out completely prior to groundbreaking and is was completed November 2014. One Ala Moana sits on top of the Nordstrom garage, immediately adjacent to the shopping center.
Yacht Harbor Towers, two huge twin towers extensively renovated in 2013, featuring prime direct ocean views overlooking the yacht harbor and Magic Island.
Uraku Tower Hawaii, sold almost exclusively to Japanese investors in 1989 featuring 4-units per floor and large usable ocean view lanais.
Ala Moana Hotel Condo, Hawaii's largest condotel renovated in 2005 with more than 1,100 units, offering an excellent selection of condos at various price points.
Another significant Ala Moana condo still to come is the 38 story, 128 unit project named Aloha Kai, currently in the planning stage right behind Yacht Harbor Towers as part of the redevelopment of the old 1951 Central YMCA property on Atkinson Dr.
Several other Ala Moana condos are located along the Ala Wai Canal and Atkinson Dr.
The Ala Moana Neighborhood
At the center of this vibrant and world famous neighborhood sits the sprawling open air Ala Moana Shopping Center, which has undergone several renovations and expansions over the years to keep up with demand. The center features about 300 shops including Neiman Marcus, Macy’s, Nordstrom and Apple, along with over 60 eatery options and night clubs.
Across the boulevard is the enormous Ala Moana Beach Park, playground for many active outdoor enthusiasts. A fabulous beach with calm waters and a protective outer reef makes Ala Moana ideal for long distance swimming and paddle boarding. The park has bike paths, tennis courts and picnic tables, which fill up fast on weekends. Ala Moana also hosts the start of the annual Honolulu Marathon, which draws about 25,000 participants from all over the world.
Magic Island, the tip of Ala Moana Beach Park closest to Waikiki, is truly a special place to savor sunsets, watch sailboats, surf, jog or just enjoy the outdoors. You might recognize Magic Island from the opening scene of the TV show Gilligan’s Island. Every year on Independence Day Hawaii’s largest firework erupts here, visible from most places in Honolulu, with several Ala Moana condos enjoying picture perfect front seat views.
The Ala Wai Yacht Harbor, Hawaii’s largest boat harbor, straddles both sides of the Ala Wai Canal where it joins the ocean between Waikiki and Ala Moana. The yacht harbor is home to a couple of yard clubs sheltering a huge selection of boats, many visiting from all over the world. This is also the finish of the Los Angeles - Honolulu Trans Pacific sailing race, one of the longest running sailing races in the world.
Life is good when you come to Ala Moana. No wonder the life expectancy in Hawaii is the highest in the Nation.
The price range of condos for sale in Ala Moana is $55K to $10.33M with a median price of $956K and median interior of 1,245sf.
The median price of condos sold in Ala Moana year-to-date (Jan 21, 2017) is $395K. In previous years it was $298K (2016), $263K (2015), $295K (2014), $270K (2013), $165K (2012), $162K (2011), $140K (2010), $272K (2009), $300K (2008), $271K (2007), $225K (2006), $310K (2005), $270K (2004), $232K (2003).
7 condos have sold in Ala Moana year-to-date (Jan 21, 2017). In previous years, the total number of condos sold were 185 (2016), 125 (2015), 99 (2014), 134 (2013), 119 (2012), 140 (2011), 115 (2010), 85 (2009), 75 (2008), 82 (2007), 1241 (2006), 96 (2005), 93 (2004), 62 (2003).
On average Ala Moana condos were on the market for 71 days before they were sold (Jan 21, 2017). In previous years it was 118 days (2016), 118 days (2015), 92 days (2014), 62 days (2013), 68 days (2012), 89 days (2011), 74 days (2010), 92 days (2009), 104 days (2008), 81 days (2007), 7 days (2006), 36 days (2005), 64 days (2004), 86 days (2003).
The average days on market for Ala Moana condos before sold was 108 days December 2016 compared to 135 days December 2015.
The ratio of Ala Moana condos sales price vs list price was 98.7% December 2016 compared to 94.4% December 2015.
22 Ala Moana condos were sold December 2016 compared to 15 condos sold December 2015.
The total dollar volume of condos currently for sale in Ala Moana is $139.8M and the sold dollar volume year-to-date (Jan 21, 2017) is $2.6M. In previous years sold dollar volume was $83.11M (2016), $53.25M (2015), $42.55M (2014), $47.24M (2013), $31M (2012), $38.07M (2011), $30.54M (2010), $26.37M (2009), $28.66M (2008), $31M (2007), $303.06M (2006), $37.49M (2005), $35.01M (2004), $19.19M (2003).
The most recent sale in Ala Moana was a condo located at #704 , sold for $205K on Jan 20, 2017. It had 297sf of interior. 9 other recent sales include: #1403 (757sf) sold for $419K on 1/18/2017. #3230 (297sf) sold for $216K on 1/18/2017. #1909 (702sf) sold for $550K on 1/18/2017. #PH2007 (1,953sf) sold for $2.2M on 1/17/2017. #937 (246sf) sold for $174K on 1/17/2017. #2804 (966sf) sold for $680K on 1/12/2017. #1235 (246sf) sold for $177K on 1/12/2017. #1108 (1,049sf) sold for $435K on 1/11/2017. #2103 (547sf) sold for $450K on 1/4/2017.
In Ala Moana there is currently 81 fee simple and 2 leasehold units for sale. 59 of the condos have ocean views, 4 have Diamond Head views and 34 have mountain views.
There are 8 studio floor plans, 20 x 1 bedroom floor plans, 39 x 2 bedroom floor plans, 14 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.