Good to Know About Koolani
From the moment you enter Koolani’s grand lobby you know this building is something special, feeling more like a Balinese luxury resort’s lobby, with extensive use of wood and stone materials in dark accents. The sense of a resort continues throughout the elevators and hallways.
The door to each unit in Koolani is strategically positioned far from one another, creating a very private feel. Inside the units have floor to ceiling glass windows and a good portion of the upper window slides open, which is particularly nice in the morning hours when the sun is behind Koolani.
Most condos in Koolani have great southwest facing ocean views, but those views will be somewhat impacted, as Waiea and Anaha are being built (expected completion Nov 2016 and summer 2017, respectively). The best ocean views are over Ward Center, which should remain for many years to come. However, Howard Hughes (developer and Ward Center land owner) has plans to built 2 high-rises on that land in the distant future, which would drastically impact the views of condos in Koolani.
The amenities at Koolani are top of the line and includes the largest gym & fitness facilities of any condo in Honolulu, with steam room, yoga / pilates classes and more. Service is also top of the line and the helpful staff will gladly assist you getting groceries up to your room.
Right in front of Koolani is a mini-park, popular among families with young children. This park will remain and there are no plans to develop any high-rises on that land.
As Waiea and Anaha are built, Koolani condos ocean views will be impacted a bit. More importantly, Howard Hughes (major land owner and developer in Kakaako) has plans to built on land between Hokua and Waiea (most likely in distant future), which will impact the ocean views of Koolani significantly.
The price range of condos for sale in Koolani is $1.04M to $3.5M with a median price of $1.45M and median interior of 1,518sf.
The median price of condos sold in Koolani year-to-date (Jan 21, 2017) is $1.71M. In previous years it was $1.05M (2016), $950K (2015), $920K (2014), $880K (2013), $880K (2012), $841K (2011), $862K (2010), $800K (2009), $979K (2008), $900K (2007), $830K (2006).
2 condos have sold in Koolani year-to-date (Jan 21, 2017). In previous years, the total number of condos sold were 15 (2016), 27 (2015), 35 (2014), 32 (2013), 15 (2012), 23 (2011), 24 (2010), 27 (2009), 28 (2008), 38 (2007), 398 (2006).
On average Koolani condos were on the market for 255 days before they were sold (Jan 21, 2017). In previous years it was 138 days (2016), 122 days (2015), 101 days (2014), 97 days (2013), 86 days (2012), 73 days (2011), 83 days (2010), 117 days (2009), 67 days (2008), 119 days (2007), 7 days (2006).
The average days on market for Koolani condos before sold was 91 days December 2016 compared to 81 days December 2015.
The ratio of Koolani condos sales price vs list price was 92.7% December 2016 compared to 98.6% December 2015.
3 Koolani condos were sold December 2016 compared to 2 condos sold December 2015.
The total dollar volume of condos currently for sale in Koolani is $31.49M and the sold dollar volume year-to-date (Jan 21, 2017) is $3.43M. In previous years sold dollar volume was $17.09M (2016), $27.57M (2015), $38.71M (2014), $30.31M (2013), $12.71M (2012), $21.09M (2011), $21.24M (2010), $23.36M (2009), $31.38M (2008), $40.87M (2007), $350.13M (2006).
The most recent sale in Koolani was a condo located at #1502 , sold for $1.13M on Jan 06, 2017. It had 1561sf of interior. 9 other recent sales include: #PH4606 (2,808sf) sold for $2.3M on 1/5/2017. #3503 (1,120sf) sold for $1M on 12/16/2016. #4506 (1,113sf) sold for $1.1M on 12/14/2016. #4402 (1,527sf) sold for $1.69M on 12/8/2016. #PH2 (2,081sf) sold for $2.13M on 10/14/2016. #2508 (1,518sf) sold for $1.2M on 9/23/2016. #1805 (1,157sf) sold for $885K on 9/20/2016. #2505 (1,157sf) sold for $970K on 7/27/2016. #909 (1,392sf) sold for $1.03M on 6/20/2016.
In Koolani there is currently 19 fee simple units for sale. 19 of the condos have ocean views, 3 have Diamond Head views and 10 have mountain views.
There are 11 x 2 bedroom floor plans, 7 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.