About Executive Centre Downtown Honolulu The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.
In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. Currently, Aqua runs the hotel operations, from front desk to maid service and everything else.
Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).
Due to the unusual zoning you'll also find other open layouts with larger dimensions, intended to allow the owner to customize the space according to their needs, office or residential. Also, some of these condos are split level, offering a 2 story experience.
Most residences do not have lanais, but the few that do get substantial outdoor spaces of from 308 to 575 sq ft all their own. Views from them, as well as your windows, take in not just the city lights, but the Koolau Mountains to the north and the ocean laying out before you as far as you can see on the south.
With the special zoning of this place there's a lot of opportunities. Short stay vacation condo. Office. Home. Or even both in one space. It's a unique place with a lot of possibilities. All of them yours.
The price range of condos for sale in Executive Centre is $139K to $599K with a median price of $230K and median interior of 596sf.
The median price of condos sold in Executive Centre year-to-date (Jan - Feb 25, 2017) is $250K. In previous years it was $185K (2016), $168K (2015), $148K (2014), $98K (2013), $148K (2012), $140K (2011), $162K (2010), $185K (2009), $250K (2008), $239K (2007), $220K (2006), $180K (2005), $142K (2004), $118K (2003).
5 condos have sold in Executive Centre year-to-date (Jan - Feb 25, 2017). In previous years, the total number of condos sold were 25 (2016), 37 (2015), 21 (2014), 27 (2013), 16 (2012), 21 (2011), 8 (2010), 8 (2009), 13 (2008), 18 (2007), 27 (2006), 73 (2005), 39 (2004), 31 (2003).
On average Executive Centre condos were on the market for 154 days before they were sold (Jan - Feb 25, 2017). In previous years it was 108 days (2016), 90 days (2015), 106 days (2014), 110 days (2013), 69 days (2012), 82 days (2011), 86 days (2010), 157 days (2009), 75 days (2008), 70 days (2007), 47 days (2006), 31 days (2005), 54 days (2004), 93 days (2003).
The average days on market for Executive Centre condos before sold was 181 days January 2017 compared to 128 days January 2016.
The ratio of Executive Centre condos sales price vs list price was 93.8% January 2017 compared to 98.3% January 2016.
4 Executive Centre condos were sold January 2017 compared to 2 condos sold January 2016.
The total dollar volume of condos currently for sale in Executive Centre is $3.28M and the sold dollar volume year-to-date (Jan - Feb 25, 2017) is $1.5M. In previous years sold dollar volume was $5.57M (2016), $7.4M (2015), $3.58M (2014), $3.14M (2013), $2.46M (2012), $3.02M (2011), $1.3M (2010), $1.57M (2009), $3.09M (2008), $4.25M (2007), $6.15M (2006), $13.23M (2005), $5.66M (2004), $3.65M (2003).
The most recent sale in Executive Centre was a condo located at #711 , sold for $310K on Feb 17, 2017. It had 590sf of interior. 9 other recent sales include: #2001 (525sf) sold for $170K on 1/20/2017. #2703 (591sf) sold for $250K on 1/17/2017. #2006 (798sf) sold for $215K on 1/5/2017. #1217 (1,217sf) sold for $560K on 1/4/2017. #506 (859sf) sold for $185K on 11/25/2016. # (570sf) sold for $163K on 11/1/2016. #3505 (543sf) sold for $230K on 11/1/2016. #205 (372sf) sold for $78K on 10/27/2016. #3012 (525sf) sold for $318K on 10/19/2016.
In Executive Centre there is currently 4 fee simple and 8 leasehold units for sale. 2 of the condos have ocean views and 3 have mountain views.