Overview: Honolulu Luxury Condo Market Honolulu has 4 neighborhoods with luxury condos:
Kakaako This neighborhood has grown rapidly in recent years with several new condos built and more new condo projects coming. Within Kakaako is a 60 acre master planned community - Ward Village - where several luxurious condos have been built and are being built, such as Waiea, Kalae and Victoria Place. Another master planned community is called Our Kakaako, which has less luxury projects than Ward Village, but still some, such as Alia.
Ala Moana This neighborhood has been on the rise in recent years with several developments, predominantly in the mid-range and high-end level, such as Azure Ala Moana and a condo hotel, Renaissance Honolulu. In the luxury category there are 2 highly regarded projects: Park Lane and One Ala Moana. Ala Moana Shopping Center is nearby with endless shops and restaurants and also has a large grocery store - Foodland Farms Ala Moana.
Waikiki There are more than 100 condos in Waikiki and over 50 hotels - the most popular tourist destination in Hawaii. Most of the condos are older, with just a couple of luxury condos; Ritz-Carlton Waikiki and Trump Tower Waikiki. Endless shops and restaurants, however, no major grocery store such as Whole Foods or Safeway.
Diamond Head In the Diamond Head neighborhood you will find a variety of condos, including condos built in the 1950's and 1960's, literally hanging on the ocean's edge and arguably boasting the finest ocean views you will find anywhere in Honolulu - a stretch we call Hawaii's Gold Coast. Some of the more prominent condos include 3019 Kalakaua, 3003 Kalakaua, Diamond Head Apts and Colony Surf. The area has a magical feel with Kapiolani Park in the backdrop. Shopping and restaurants are very limited near the Gold Coast.
If you want to expand your search, including lower price points too, consider looking at our Honolulu condos for sale page, which displays all condos for sale in Honolulu.
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
