Honua Kai 1 Bedroom + Den Values

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 look ONLY at 1 bedroom + den units, we see the average over the last year at approximately $870 per square foot. However, to provide some context, the overall Honua Kai market has seen a significant, sustainable shift in values upwards - which is reflected in the last sale within this niche: Hokulani 242 sold for $921 per square foot last month and that was considered a good value for the buyer. 

Below is a chart detailing every sale of 1 bedroom + den units on the property since its introduction - totaling 42 sales. 

Contact

For those interested in purchasing or selling a Honua Kai condo, contact us. We know the micro-market exceedingly well and have established relationships that may prove to be critical in reaching your objectives (whether you are searching for a hard-to-find unit at Honua Kai and we know of an owner open to selling or whether you are looking to sell and we can tap into our vast database of Honua Kai buyers). Fill out the form below or call us at 808.385.5034