Waikiki & Ala Moana Luxury Condo Area
This is “classic” Oahu where it all started and when Hawaii became one of the most exciting and leading tourist destinations. Waikiki and its Ala Moana extension to the West is where the surf meets exciting downtown lifestyle. Waikiki Beaches and its neighboring Ala Moana Beach Park offer some of the most pristine white sandy beaches while the somewhat tamer surf (compared to the North Shore) is inviting to all. Though the buildings here are older, most are well maintained offering great value to the discerning buyer.
Market Update for 2021
The Waikiki – Ala Moana Luxury Condo Market currently has 13 months of inventory as of Q1 2020 and had 14 months of inventory as of Q3 2019 – slightly down. The average $/SQF in this area is $1,335 over the last 12 months. Though a Buyers Market, Waikiki – Ala Moana is more cyclical with fluctuations between “high” season and “low” season more pronounced than other areas such as the Gold Coast and Kakaako. Expect the inventory to tighten up again towards the end of the year. The actual data and a CMA (comparative market analysis) for Waikiki – Ala Moana can be found here. The first half of the year is a good opportunity for Buyers looking to buy a 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. Waiting until June to put your unit on the market would be good too.
Waikiki & Ala Moana – Current Listings: