About Kapiolani & McCully Condos
Condos in the McCully / Kapiolani area of Honolulu are located in one of the more convenient neighborhoods in the city. It’s centrally located, offering an easy commute to the business district in Downtown Honolulu and to the University of Hawaii at Manoa, as well as easy access to Ala Moana Center, Waikiki, Diamond Head and the freeway. Restaurants and commercial businesses line Kapiolani Blvd. and McCully Shopping Center is home to popular boutiques and restaurants, so residents have access to just about anything they could want or need. Kapiolani is home to high rise apartment buildings and condos located along the major roads, and single-family homes located back on the smaller streets. This is a popular neighborhood for working professionals, students, and young families who want to stay close to schools, work, and the action in the Waikiki, Diamond Head and Ala Moana areas.
Kapiolani condos are located directly on, or adjacent to, Kapiolani Blvd., which runs east to west through Honolulu from the downtown area to Kaimuki. Condos in Kapiolani like the Ala Wai Plaza, Marco Polo, Royal Iolani, and Iolani Court Plaza offer enticing features like great views, amenities including heated pools, tennis courts, BBQ areas and fitness centers, security and variety in the size and layout of their units. All of these buildings have their individual attractions, but all of them are close to Ala Wai Field, Ala Wai Elementary School, the prestigious private Iolani School, and the Ala Wai Golf Course. They also offer parking for guests and residents, which is a luxury in itself in Honolulu.
The Marco Polo is the largest condo in the Kapiolani neighborhood, with close to 600 units and 36 stories. The aerodynamic curve of the building, and its position along the Ala Wai Canal, makes it one of the most recognizable buildings in the area. Units range from studios to 2 BR/2 BA configurations and enjoy unobstructed views of Ala Wai Field and Canal, plus great views of Waikiki from higher floors.
The Royal Iolani is a complex of two 39 story buildings, offering 295 units in 1 BR/1 BA to 3 BR/2 BA configurations. Units at the Royal Iolani are attractive because of their large floor plans, large lanais and expansive views of Waikiki, Diamond Head and Ala Wai Golf Course.
Ala Wai Plaza, on University Avenue, offers 340 units that range from 1 BR/1 BA to 3 BR/2.5 BA floor plans. The 2 and 3 BR units have two stories, which is a unique feature in Honolulu. Those on the ocean side offer impressive views of Waikiki and Ala Wai Canal.
Iolani Court Plaza, located right next to Iolani School, offers 341 units on 38 floors. Units come in 1 BR/1 BA to 3 BR/2 BA layouts and offer views spanning the golf course, Diamond Head, Waikiki and the ocean from the top floors. Penthouse condos feature high cathedral ceilings.
Buyers who want a central location for their condo in Honolulu should consider the condos in the McCully / Kapiolani neighborhoods. It offers residents close proximity to beaches, businesses, schools, recreation and nightlife. It’s hard to ask for anything else!
The price range of condos for sale in Mccully/Kapiolani is $58K to $1.58M with a median price of $369K and median interior of 780sf.
The median price of condos sold in Mccully/Kapiolani year-to-date (2016) is $380K. In previous years it was $315K (2015), $276K (2014), $314K (2013), $300K (2012), $297K (2011), $296K (2010), $290K (2009), $317K (2008), $334K (2007), $280K (2006), $259K (2005), $199K (2004), $180K (2003).
320 condos have sold in Mccully/Kapiolani year-to-date (2016). In previous years, the total number of condos sold were 355 (2015), 454 (2014), 328 (2013), 351 (2012), 287 (2011), 275 (2010), 289 (2009), 302 (2008), 395 (2007), 385 (2006), 545 (2005), 560 (2004), 511 (2003).
On average Mccully/Kapiolani condos were on the market for 77 days before they were sold (2016). In previous years it was 77 days (2015), 82 days (2014), 67 days (2013), 53 days (2012), 62 days (2011), 53 days (2010), 68 days (2009), 58 days (2008), 57 days (2007), 53 days (2006), 36 days (2005), 49 days (2004), 62 days (2003).
The average days on market for Mccully/Kapiolani condos before sold was 58 days November 2016 compared to 74 days November 2015.
The ratio of Mccully/Kapiolani condos sales price vs list price was 98.6% November 2016 compared to 97.8% November 2015.
30 Mccully/Kapiolani condos were sold November 2016 compared to 22 condos sold November 2015.
The total dollar volume of condos currently for sale in Mccully/Kapiolani is $45.49M and the sold dollar volume year-to-date (2016) is $130.53M. In previous years sold dollar volume was $122.85M (2015), $144.06M (2014), $107.59M (2013), $113.74M (2012), $91.51M (2011), $84.76M (2010), $88.1M (2009), $98.65M (2008), $133.5M (2007), $119.08M (2006), $155.9M (2005), $129.42M (2004), $102.68M (2003).
The most recent sale in Mccully/Kapiolani was a condo located at #304 Coty Tower, sold for $415K on Dec 02, 2016. It had 858sf of interior. 9 other recent sales include: #405 Iolani Court Plaza (1,027sf) sold for $477K on 12/2/2016. #506 Century Center (300sf) sold for $115K on 12/1/2016. #704 Holiday Terrace (696sf) sold for $390K on 12/1/2016. #1209 Kapiolani Manor (484sf) sold for $325K on 12/1/2016. #1608 Royal Iolani (1,082sf) sold for $635K on 11/30/2016. #1007 Iolani Court Plaza (918sf) sold for $484K on 11/30/2016. #1002 Ala Wai Plaza Skyrise (684sf) sold for $432K on 11/30/2016. #2506 Royal Iolani (1,159sf) sold for $685K on 11/29/2016. #4205 Regency Tower (400sf) sold for $265K on 11/28/2016.
In Mccully/Kapiolani there is currently 87 fee simple and 24 leasehold units for sale. 31 of the condos have ocean views, 28 have Diamond Head views and 54 have mountain views.
There are 15 studio floor plans, 27 x 1 bedroom floor plans, 55 x 2 bedroom floor plans and 13 x 3 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2016. Information is deemed reliable but not guaranteed.