Honolulu County IS full of rich history and most interesting is the Iolani Palace which is a National Historic Landmark and listed on the National Register of Historical Places. The original palace was built in 1845 during the reign of Kamehameha III.
Iolani Palace is the only royal palace used as an official residence by a reigning monarch in the United States. Make sure and visit the Iolani Palace and see the magnificent feather cloak of Kiwala'o, the Crown Jewels, the Chamberlain's Office and other treasures of the Monarchy period.
Let's take a look at the past year in history of the Honolulu Housing Market for Condos.
Year of 2010 for Honolulu Condos
Honolulu Condo Market Report 2010: Year of 2010 Honolulu has had 1,612 FS condos sold in the Honolulu area (Makiki, Punchbowl, Kaakako, Nu'uanu, Waikiki, McCully, Moiliili, Kapahulu, Ala Moana, Kapiolani Punahou, University areas). The number of sales for the Honolulu area in 2009 had 1,447 sold condos. Looks like Honolulu Condos took a lead in sales numbers in 2010!
Sales Prices for 2010 ranged from $80,000 for a studio condotel unit in Ala Moana Hotel Condo) up to $3,500,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ ft interior). These sales prices compare to Sales Prices in 2009 ranging from $425,000 (3 bedroom in Aliamanu) to $3,675,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ft).. Average Days on the Market in 2010 was approximately 68 days (mid range) up to 90 days (luxury) compared to 2009's DOM of approximately 72 days (mid range) to 118 (luxury)! Not bad for 2010!
With inventory lower than the past two years previous and interest rates on the rise......and If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are low but when interest rates are going up the difference in the math shows that your monthly payments will be significantly higher.
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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com
Cell/Text: (808) 375-1404
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