About Downtown Honolulu
Downtown Honolulu represents the historic, governmental, business and financial center of Hawaii. A mix of architecturally rich historic buildings as well as modern skyscrapers - up to 429 ft tall - fill the Downtown Honolulu skyline. Many residents who work in Downtown choose to live in a condo located in Downtown to minimize their work commute. With expensive parking and heavy traffic during rush hours it makes good sense for many busy working professionals. Downtown Honolulu condos for sale are typically valued in the $300,000 to $2M range.
Insight to Downtown Honolulu Condos & Neighborhood
Some of the notable Downtown Honolulu Condos include the popular modern Capitol Place (2008), the luxurious exclusive Pinnacle Honolulu (2008), Harbor Court (1994) with fabulous ocean views, Honolulu Park Place (1989), Honolulu Tower (1982) and Harbor Square (1971). Honolulu’s downtown skyline consists of mostly high rise office buildings with about a dozen residential condos scattered in between.
Four distinct and diverse districts make up the Downtown Honolulu neighborhood:
The historic Chinatown District in the north, which is bordered by Nuuanu Stream and Vineyard Blvd.
The Capitol District, which dominates the few blocks between Richard St and along Punchbowl St and also marks the transition to neighboring Kakaako.
The Business District with it’s towering buildings surrounding Fort St Mall and Bishop Square.
The Waterfront District which wraps along Honolulu Harbor and marks the western boundary.
Lot’s of great dining options and small coffee shops are frequented by the daily business crowd that fills the busy streets. Bishop Square is a nice green central park and popular lunch time hangout for office workers as well as some of the 7,000 plus students attending the private Hawaii Pacific University close by.
After hours the action moves across Ala Moana Blvd to the Aloha Tower Marketplace along Honolulu Harbor. Happy hour, live music and nightlife options start lighten up the boardwalk around sunset. Aloha Tower, overlooking Honolulu Harbor, was for many years the tallest building in Hawaii, but is now dwarfed by Honolulu’s modern and changing skyline.
The price range of condos for sale in Downtown Honolulu is $56K to $10.5M with a median price of $485K and median interior of 888sf.
The median price of condos sold in Downtown Honolulu year-to-date (Jan 23, 2017) is $390K. In previous years it was $375K (2016), $375K (2015), $385K (2014), $390K (2013), $385K (2012), $335K (2011), $391K (2010), $370K (2009), $450K (2008), $358K (2007), $320K (2006), $271K (2005), $220K (2004), $191K (2003).
15 condos have sold in Downtown Honolulu year-to-date (Jan 23, 2017). In previous years, the total number of condos sold were 188 (2016), 182 (2015), 176 (2014), 180 (2013), 162 (2012), 143 (2011), 128 (2010), 125 (2009), 167 (2008), 182 (2007), 161 (2006), 280 (2005), 217 (2004), 206 (2003).
On average Downtown Honolulu condos were on the market for 111 days before they were sold (Jan 23, 2017). In previous years it was 84 days (2016), 86 days (2015), 90 days (2014), 81 days (2013), 62 days (2012), 66 days (2011), 58 days (2010), 87 days (2009), 66 days (2008), 64 days (2007), 61 days (2006), 43 days (2005), 62 days (2004), 81 days (2003).
The average days on market for Downtown Honolulu condos before sold was 56 days December 2016 compared to 97 days December 2015.
The ratio of Downtown Honolulu condos sales price vs list price was 98.9% December 2016 compared to 97.8% December 2015.
11 Downtown Honolulu condos were sold December 2016 compared to 19 condos sold December 2015.
The total dollar volume of condos currently for sale in Downtown Honolulu is $55.9M and the sold dollar volume year-to-date (Jan 23, 2017) is $7.22M. In previous years sold dollar volume was $81.2M (2016), $78.95M (2015), $77.78M (2014), $75.39M (2013), $69.28M (2012), $56.2M (2011), $52.73M (2010), $51.57M (2009), $79.69M (2008), $74.05M (2007), $58.4M (2006), $86.74M (2005), $58.39M (2004), $44.58M (2003).
The most recent sale in Downtown Honolulu was a condo located at #2001 , sold for $170K on Jan 20, 2017. It had 525sf of interior. 9 other recent sales include: #841 (888sf) sold for $390K on 1/20/2017. #2603 (905sf) sold for $633K on 1/20/2017. #10 (2,857sf) sold for $1.76M on 1/17/2017. #2703 (591sf) sold for $250K on 1/17/2017. #E2010 (615sf) sold for $357K on 1/13/2017. #610 (410sf) sold for $41K on 1/12/2017. # (905sf) sold for $625K on 1/12/2017. #1653 (667sf) sold for $332K on 1/12/2017. #3204 (875sf) sold for $640K on 1/11/2017.
In Downtown Honolulu there is currently 46 fee simple and 16 leasehold units for sale. 32 of the condos have ocean views, 9 have Diamond Head views and 34 have mountain views.
There are 1 studio floor plan, 24 x 1 bedroom floor plans, 28 x 2 bedroom floor plans and 8 x 3 bedroom floor plans.