Honua Kai

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Found 84 blog entries about Honua Kai.

As evidenced in our Honua Kai 2015 mid-year Review, the Honua Kai micro-market is currently experiencing conditions unseen before: The number of sales reflect a 'stagnant' market, but the units selling are premium, more expensive units which result in the highest average and median sales price ever at Honua Kai (and the lower amount of units is due to low inventory, not lack of absorption/demand).

With that, the developer has announced a special promotion of the '49' stack on the Konea tower, offering 49 months of pre-paid HOA fees - a value of over $135K. That is considerably more than has been offered on any of the developer units, including sales to current owners. Promotion ends September 7th. Take a look below at a site map of the Konea tower and

As 2015 comes to a mid-point, our visitors and clients continue to request (and rightfully deserve) the most updated information on the Honua Kai real estate market. So let's start by recapping activity on the month of June, in lieu of our typical monthly report. 

June 2015

June proved to be a slow month statistically, but one that could result in significant activity down the line. Only one sale recorded, the sale of Konea 110 for $825K. This unit is perfect example of the direction of values for 1 bedroom units. A large (730 sq. ft.) floor plan with a spacious lanai facing the resort area between the two towers. At $825K, the price per square foot of $1,130 is consistent with fair market value for specialty 1 bedroom units. There was only one new

honua kai resort grounds

This month's Honua Kai monthly update comes a bit early - unless new sales are recorded (or reported) over the weekend, then the below form the basis on which to report current micro-market conditions. Any necessary updates will be posted immediately below and check regularly for Honua Kai condos for sale.

New Listings

NO NEW LISTINGS IN THE MONTH OF MAY!!! Only one new listing was inputted in the month of May, but it was for statistical purposes only (the sale of an unlisted property, which will be detailed below). The lack of new listings can be VERY alarming for buyers as pent up demand is NOT being met with new inventory. For sellers, this can prove to be a prime opportunity to come on the market for a fast absorption. More on this at the

Now that we are in May, the last drove of sales from high season is trickling in as recorded sales. As such, it provides a better purview on which to measure the state of the market. So with that, let's discuss our Honua Kai market.

honua kai hokulani condo for sale

New Listings

Hokulani 530 - The floor plan of this unit is popular due to its size, with approximately 765 square feet of interior living space. Mountain view unit, priced at $789K.

Hokulani 412 - This 1,100 square foot unit offers ocean views, which are unlikely to be affected by the construction on the parcel to its south - but we cannot attest/guarantee this. Priced at $1.1M, it is a strong value in a market in which 2 bedroom units have been selling well above 1K per square foot.

Konea 526 - The sale of

The 2 bedroom niche at Honua Kai has been particularly active in the past year due to developer inventory dwindling down and the rental market for Honua Kai proving to one of the strongest anywhere in Hawaii. With nine 2 bedroom condos currently for sale, we are often asked which in our opinion is a particular stand-out within this niche. In the past month, the answer has been unequivocally clear: Konea 225.

Although it is the highest-priced 2 bedroom currently listed on the MLS (keep in mind, the developer does NOT list everything on the MLS), what makes Konea 225 such a strong value proposition is its unique location. 

honua kai konea 225

As can be noted, the '25' stack is located on the center of the inner courtyard, providing dead-on straight ocean views - no

Today I had a question from a prospective purchaser at Honua Kai, which I thought would be worth posting as it may address the concern of other potential buyers.

Question:  It seems like values at Honua Kai are dropping off and now it may be the time to buy as sellers will have to come to grips with a softening market. What do you think?

Answer: To address your statement of 'now it may be the time to buy...' the answer would be yes, but for a different reason than in your comment. Now is a good time for potential purchasers as the market continues upward and standing on the sidelines may mean being priced out of the market. There is a lot of information out there regarding values and how to reach a 'fair market value', but ultimately, proper pricing

Today's question comes from our of clients looking interested in Honua Kai condos for sale.

Question:  I see on a lot of your charts you have sales broken down by number of bedrooms, but I was wondering how the 1+Den units do?

Answer: Thank you for your submission. Yes, our Honua Kai sales history (which needs to be updated to reflect 2014 numbers - sorry!) and our latest Honua Kai 2014 Sales Update are broken down by number of bedrooms, with no distinction given to the 1 bedroom + den units, which is one of the most sought-after niches within the Honua Kai market. Typically, these larger units sell for considerably less than the one bedroom units. In 2014, the overall 1 bedroom market saw sales average nearly $1,100 per square foot, whereas if we

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It's that time again - with all sales of March having recorded and been reported, we can publish our March 2015 Honua Kai condo sales update.

New Listings

Although 6 new listings are reported, one of those was for statistical purposes as it was sold prior to being listed. Here are the 5 new listings:

Konea 614 - Located on the outside perimeter of the Konea tower, the views are restricted to ocean views due to the tower's orientation and the '12' stack protruding. Listed for $739K, it is a viable option for those seeking a 1 bedroom but for whom the ocean view premium is not feasible.

Konea 224  - Although the '24' on the Konea tower CAN have ocean views on the higher levels, on the 2nd floor this unit's view corridors are restricted to

With high season in full swing, sales activity across the island has been strong. In an effort to post updated micro-analysis data to our clients, below is our February 2015 Honua Kai condo market update.

New Listings

A total of NINE new listings came on the market in February:

Hokulani 332 - A 1 bedroom, mountain-view condo with a list price of $725K. With a smaller floor plan (620 square feet), it will be interesting to see its absorption.

Hokulani 140 - A ground-level unit on the northern outside perimeter of the Hokulani tower, it faces the Konea tower and although it does not have ocean views due to the elevation, it does offer a very serene tropical surrounding.

Konea 345 - A 2 bedroom inner courtyard unit with ocean views and a large

Typically our posts regarding the Honua Kai micro-market are much more in-depth, but the following information may be useful to some visitors and/or our clients, so we are posting it. 

We had a recent question from a Honua Kai prospective buyer, in which he wants to know whether there are discernible patterns occurring in the micro-market, and further broken down in niches - particular emphasis on 1 bedroom ocean view units and 2 bedroom ocean view units.

1 Honua Kai Bedroom Units

Take a look at the chart below, detailing the price per square foot of every ocean-view one bedroom unit sold - purposefully excluded the 1 bedroom + den to keep data most relevant. We added a polynomial trendline for context.

honua kai 1 bedroom chart

2 Bedroom Units

Take a look at