About Makiki Condos
if you love high-rise living, you should be looking in this neighborhood. In Makiki condos have truly taken root like few other places in Honolulu. Most are located in the lower side of the district, closer to King St, so walking to shops and restaurants on that avenue, or nearby, is easy for many.
Makiki's positioning between Punchbowl and Manoa is at a central crossroads between the job center of Downtown and the leisure options of East Honolulu. You may still be stuck in our famous traffic at rush hour, but not for nearly as long as most when you live here.
Ala Moana – Shopping Center and Beach Park – are mere minutes away, providing the full range of entertainments between the two. Not to mention the Ward options next door, plus the fast blossoming Kakaako that'll shortly add limitless new choices to your menu.
With so many condominiums in Makiki, there's something for almost every level of the market, from more affordable units to some of the most expensive properties in this category in Honolulu. We'll look at a few that stand out to demonstrate exactly what you can find in this area of Makiki real estate.
Courtyards at Punahou
This is one of those buildings whose name is synonymous with luxury. The unit sizes alone justify the label. The smallest condos here are 2BR and have almost 2,000 sq ft of interior space. These, as well as every other unit, have 2 sizeable lanais to add to that total, too. It makes perfect sense that this Beretania St residence came to life during the Japanese bubble of the 1990's. Few other eras could have produced this level of grandeur. To buy here, plan on a price tag of 7 figures.
The Queen Victoria
Further west on Beretania, you'll come to this prominent tower, whose name is very fitting. Throughout the building and the grounds you'll find European décor and accents that recall an earlier, more opulent age. Combine that theme with cutting edge luxuries and security and you have the Queen Victoria. Located very near the Blaisdell Center and other artistic outlets, this is another place where entry will start near, or over, $1M.
1450 Young Street
Selected for its size and as an example of lower end properties (300 - 400Ks), this building holds 247 units beneath its roof. This is just one of the many condos on the land between Young and Beretania Streets. There are only 1 and 2 BR residences here, all on the smaller side. The largest 2BR, for example, has 790 sq ft. In compensation, the 28 floors do make for excellent views, including some that see all the way to the swells south.
Standing right where Makiki and Lower Punchbowl meet, the property consists of two 12 story towers that stand on higher ground from the area makai. This extra height is why so many residents have wonderful views in almost every direction. Most units are 3BR with 1,800 sq ft, making for a roomy and elegant experience. The lifestyle here means listings are rare, so pounce if and when you see one.
These four are just a few examples of the different residences found in or just around the Makiki condo area. It's by no means comprehensive, especially for a place with so much depth in this type of real estate. There truly is a huge range of opportunities here, no matter where you are on the scale of buyers. What's truly beautiful about this area is, no matter where you end up in it, you're going to benefit from all it has to offer – and that's a lot.
The price range of condos for sale in Makiki is $25K to $1.49M with a median price of $355K and median interior of 644sf.
The median price of condos sold in Makiki year-to-date (2016) is $352K. In previous years it was $323K (2015), $326K (2014), $336K (2013), $305K (2012), $280K (2011), $300K (2010), $300K (2009), $314K (2008), $313K (2007), $306K (2006), $264K (2005), $196K (2004), $168K (2003).
297 condos have sold in Makiki year-to-date (2016). In previous years, the total number of condos sold were 277 (2015), 264 (2014), 448 (2013), 211 (2012), 205 (2011), 232 (2010), 208 (2009), 217 (2008), 341 (2007), 332 (2006), 448 (2005), 472 (2004), 369 (2003).
On average Makiki condos were on the market for 85 days before they were sold (2016). In previous years it was 84 days (2015), 80 days (2014), 48 days (2013), 58 days (2012), 70 days (2011), 60 days (2010), 66 days (2009), 60 days (2008), 53 days (2007), 56 days (2006), 43 days (2005), 47 days (2004), 68 days (2003).
The average days on market for Makiki condos before sold was 62 days November 2016 compared to 86 days November 2015.
The ratio of Makiki condos sales price vs list price was 99.1% November 2016 compared to 97.1% November 2015.
18 Makiki condos were sold November 2016 compared to 26 condos sold November 2015.
The total dollar volume of condos currently for sale in Makiki is $44.87M and the sold dollar volume year-to-date (2016) is $107.1M. In previous years sold dollar volume was $101.62M (2015), $92.56M (2014), $155.74M (2013), $69.57M (2012), $62.66M (2011), $74.59M (2010), $63.76M (2009), $78.5M (2008), $116.37M (2007), $113.93M (2006), $137.94M (2005), $107.88M (2004), $74.82M (2003).
The most recent sale in Makiki was a condo located at #404 The Residence at Makiki, sold for $510K on Dec 02, 2016. It had 747sf of interior. 9 other recent sales include: #406 1510 Liholiho (483sf) sold for $290K on 12/2/2016. #1010 Mott-Smith Laniloa (644sf) sold for $375K on 12/1/2016. #PHW 1010 Wilder (3,071sf) sold for $2.72M on 12/1/2016. #803 1040 Kinau (467sf) sold for $265K on 12/1/2016. #202B Makiki Palms (533sf) sold for $240K on 11/30/2016. #612 1448 Young St (713sf) sold for $385K on 11/25/2016. #801 Oahuan Tower Ltd (700sf) sold for $58K on 11/21/2016. #202 Hassinger (613sf) sold for $300K on 11/21/2016. #702 1616 Liholiho (654sf) sold for $375K on 11/16/2016.
In Makiki there is currently 87 fee simple and 33 leasehold units for sale. 29 of the condos have ocean views, 25 have Diamond Head views and 55 have mountain views.
There are 12 studio floor plans, 45 x 1 bedroom floor plans, 54 x 2 bedroom floor plans, 7 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 03, 2016. Information is deemed reliable but not guaranteed.