About Ilikai Marina
From the name, Ilikai Marina, you know 2 things immediately. One is that it's next to the older Ilikai property. The other is that it looks right out over the marina, which transitions into the Pacific Ocean spread out before you. This is one advantage it has over its sister building.
The original Ilikai is built in a Y-formation, so units on the right and left side of the stem of the Y look directly east or west. It's not a bad view by any means, but it's not straight on to the ocean. All Ilikai Marina condos on the south side face head on to the ocean. No head turning required.
That's a primary reason why this building is popular with owners as an investment property. The guaranteed vista that comes with those condos in Ilikai Marina attracts vacationers easily to rent their units, creating ongoing income.
You're just inside Waikiki on west side, so Ala Moana Beach Park and Ala Moana Center, the largest outdoor shopping mall in the U.S., are easily within walking distance. Why compete for beach space with other tourists when you can enjoy the expansive sand that locals know and love in Ala Moana? After sun & soak, you can wine & dine at Ala Moana Center and cap off the perfect day.
The sizes of the floorplans in the Ilikai Marina condos are in line with average Honolulu condos. Studios are 455 sq ft and the 1BRs vary between 651 & 742 sq ft, so they fit right in with other properties in the travel market.
That's what you'll be selling to your clients as the proud owner of a Waikiki vacation condo. Sounds like it won't be a hard sell at all.
The price range of condos for sale in Ilikai Marina is $299K to $610K with a median price of $420K and median interior of 679sqf.
The median price of condos sold in Ilikai Marina year-to-date (Jan - Oct 28, 2016) is $467K. In previous years it was $327K (2015), $354K (2014), $268K (2013), $226K (2012), $350K (2011), $386K (2010), $350K (2009), $395K (2008), $390K (2007), $396K (2006), $250K (2005), $359K (2004), $158K (2003).
16 condos have sold in Ilikai Marina year-to-date (Jan - Oct 28, 2016). In previous years, the total number of condos sold were 6 (2015), 15 (2014), 22 (2013), 15 (2012), 10 (2011), 10 (2010), 9 (2009), 3 (2008), 10 (2007), 16 (2006), 25 (2005), 19 (2004), 9 (2003).
On average Ilikai Marina condos were on the market for 107 days before they were sold (Jan - Oct 28, 2016). In previous years it was 55 days (2015), 86 days (2014), 35 days (2013), 55 days (2012), 91 days (2011), 151 days (2010), 52 days (2009), 99 days (2008), 95 days (2007), 46 days (2006), 35 days (2005), 46 days (2004), 85 days (2003).
The average days on market for Ilikai Marina condos before sold was 62 days September 2016 compared to 33 days September 2015.
The ratio of Ilikai Marina condos sales price vs list price was 94.5% September 2016 compared to 96.8% September 2015.
1 Ilikai Marina condo was sold September 2016 compared to 1 condo sold September 2015.
The total dollar volume of condos currently for sale in Ilikai Marina is $1.32M and the sold dollar volume year-to-date (Jan - Oct 28, 2016) is $6.66M. In previous years sold dollar volume was $2.24M (2015), $5.66M (2014), $7.38M (2013), $4.38M (2012), $3.27M (2011), $3.61M (2010), $3.1M (2009), $1.07M (2008), $3.85M (2007), $6.74M (2006), $7.96M (2005), $6M (2004), $2.02M (2003).
The most recent sale in Ilikai Marina was a condo located at # , sold for $300K on Oct 24, 2016. It had 445sqf of interior. 9 other recent sales include: #788 (651sqf) sold for $588K on 10/4/2016. #1191 (427sqf) sold for $273K on 9/20/2016. #1188 (651sqf) sold for $578K on 8/18/2016. #1292 (651sqf) sold for $590K on 5/19/2016. #494 (651sqf) sold for $475K on 4/29/2016. #1293 (427sqf) sold for $279K on 4/29/2016. #884 (651sqf) sold for $498K on 4/25/2016. #694 (651sqf) sold for $470K on 4/18/2016. #1197 (427sqf) sold for $265K on 4/15/2016.
In Ilikai Marina there is currently 3 fee simple units for sale. 1 of the condo has ocean views and 2 have mountain views.
There are 1 studio floor plan and 2 x 1 bedroom floor plans.
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2016. Information is deemed reliable but not guaranteed.