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 $47K to $17.5M with a median price of $575K and median interior of 888sf.
The median price of condos sold in Downtown Honolulu year-to-date (2016) is $378K. In previous years it was $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).
179 condos have sold in Downtown Honolulu year-to-date (2016). In previous years, the total number of condos sold were 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 86 days before they were sold (2016). In previous years it was 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 93 days November 2016 compared to 104 days November 2015.
The ratio of Downtown Honolulu condos sales price vs list price was 99.4% November 2016 compared to 95.5% November 2015.
15 Downtown Honolulu condos were sold November 2016 compared to 19 condos sold November 2015.
The total dollar volume of condos currently for sale in Downtown Honolulu is $79.07M and the sold dollar volume year-to-date (2016) is $77.38M. In previous years sold dollar volume was $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 #E406 Kukui Plaza, sold for $330K on Dec 09, 2016. It had 615sf of interior. 9 other recent sales include: #455 Queen Emma Gardens (574sf) sold for $325K on 12/9/2016. #E1006 Kukui Plaza (615sf) sold for $325K on 12/9/2016. #302 Honolulu Tower (1,403sf) sold for $580K on 11/30/2016. #2104 Capitol Place (1,288sf) sold for $900K on 11/30/2016. #422 Queen Emma Gardens (548sf) sold for $319K on 11/30/2016. #506 Executive Centre (859sf) sold for $185K on 11/25/2016. #2804 Honolulu Park Place (875sf) sold for $630K on 11/25/2016. #25 H Harbor Square (624sf) sold for $310K on 11/25/2016. #2409 Capitol Place (857sf) sold for $705K on 11/23/2016.
In Downtown Honolulu there is currently 58 fee simple and 17 leasehold units for sale. 42 of the condos have ocean views, 9 have Diamond Head views and 41 have mountain views.
There are 2 studio floor plans, 29 x 1 bedroom floor plans, 33 x 2 bedroom floor plans, 9 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 10, 2016. Information is deemed reliable but not guaranteed.