Kakaako Ultra Luxury ($700K+) Condo Area
The Kakaako Area has been undergoing a major transformation the likes of which will create what is said to be the most beautiful and well designed urban area in the US and the world for that matter. The area is centered around Ward Village Development – in and around of which are 11 new buildings, some still under construction and mostly luxury condos.
Market Update for 2021
The Kakaako Ultra Luxury Condo Market currently has 7 months of inventory as of Q1 of 2020 and had 8 months of inventory in Q3 2019 – inventory has been decreasing and currently in a slight Buyers’ Market but getting closer to neutral territory. The average price per square foot for all $700K plus luxury condos sold in Kakaako in the last 12 months is $1,015/SQF. The actual data and a CMA (comparative market analysis) for Kakaako can be found here. This is a good opportunity for Buyers looking to buy a Kakaako Luxury Condo. For Sellers, it is key to declutter and find a good realtor who can stage your condo so it stands out to get the best possible fair price in a reasonable amount of time.
Kakaako SE Corner – Current Listings: