About Ala Moana Ala Moana is a well known neighborhood thanks to Ala Moana Shopping Center and Ala Moana Beach Park, often perceived as a relatively large neighborhood with many condos. However, reality is, Ala Moana is a small neighborhood located between Kakaako (west) and Waikiki (east) roughly bordered by Ala Moana Blvd (south), Ala Wai Promenade (east), Kapiolani Blvd (north) and Piikoi St (west) with just about 13 condos.
Ala Moana Condos Near Atkinson Drive and the Hawaii Convention Center are a group of older condos in Ala Moana - all built prior to 1980 - the most prominent condo being Yacht Harbor Towers (1973), which offers spacious floor plans and incredible ocean views.
In 1989 Uraku Tower was completed along Kapiolani Blvd and at its time, considered Honolulu’s most luxurious condo offering its residents concierge services. The next condo to be completed in Ala Moana was luxury One Ala Moana (2014), located on top of Ala Moana Shopping Center. When the project sales began pre construction, year 2012, it was sold out in 2 days and given this great success, the developers - The Kobayashi Group & McNaughton Group - created a plan to develop ultra-luxury Park Lane Ala Moana (2017), also located on top of Ala Moana Shopping Center. The latest additional to the Ala Moana condo scene will be Kapiolani Residence (2018) - a mid range priced project. There are discussions to develop other condos in Ala Moana - including luxury condo hotels.
Ala Moana condos for sale range from $200,000 for a low floor studio at Ala Moana Hotel Condo to north of $20,000,000 for the ultimate Grand Penthouse at Park Lane.
The Ala Moana Neighborhood At the center of this world famous neighborhood sits the sprawling open air Ala Moana Shopping Center, which has undergone several renovations and expansions over the years to keep up with demand. The center features about 300 shops including Bloomingdale’s, Nordstrom, Neiman Marcus, Macy’s, along with over 60 eatery options.
Across the boulevard is the enormous Ala Moana Beach Park, playground for many active outdoor enthusiasts. A fabulous beach with calm waters and a protective outer reef makes Ala Moana ideal for long distance swimming and paddle boarding. The park has bike paths, tennis courts and picnic tables, which fill up fast on weekends. Ala Moana also hosts the start of the annual Honolulu Marathon, which draws about 25,000 participants from all over the world.
Magic Island, the tip of Ala Moana Beach Park closest to Waikiki, is truly a special place to savor sunsets, watch sailboats, surf, jog or just enjoy the outdoors. You might recognize Magic Island from the opening scene of the TV show Gilligan’s Island. Every year on Independence Day Hawaii’s largest firework erupts here, visible from most places in Honolulu, with several Ala Moana condos enjoying picture perfect front seat views.
The Ala Wai Yacht Harbor, Hawaii’s largest boat harbor, straddles both sides of the Ala Wai Canal where it joins the ocean between Waikiki and Ala Moana. The yacht harbor is home to a couple of yard clubs sheltering a huge selection of boats, many visiting from all over the world. This is also the finish of the Los Angeles - Honolulu Trans Pacific sailing race, one of the longest running sailing races in the world.
Ala Moana History Ala Moana was once a very different place. Not only did it have another name, 'Kalia', it was also mostly swampland with some scattered taro patches. A place that, for centuries, mainly fishermen lived.
In 1912 Hawaiian Dredging, owned by Walter Dillingham, bought land here for the dumping of coral, sand and dirt from their projects around Oahu. This filled in much of the wetlands and ponds, creating solid ground, much of which became Ala Moana Park. The area set aside for the park was officially dedicated in 1934, in part by President Roosevelt.
The next couple of decades saw small homes becoming more numerous nearby, but nothing that could be called a real neighborhood. It was purely a low-rise, low density district. That would change with the coming of Ala Moana Center.
Envisioned as early as 1948 by Lowell Dillingham, Walter's son, it wouldn't be until 1957 that Hawaiian Dredging actually began building on what had been bare land. Ala Moana Center was finished and opened with great fanfare in 1959, coinciding with the advent of Statehood.
Ala Moana Condos - Trends & Statistics
The price range of condos for sale in Ala Moana is $55K to $9.57M with a median price of $571K and median interior of 844sf.
The median price of condos sold in Ala Moana year-to-date (2017) is $329K. In previous years it was $298K (2016), $263K (2015), $295K (2014), $270K (2013), $165K (2012), $162K (2011), $140K (2010), $272K (2009), $300K (2008), $271K (2007), $225K (2006), $310K (2005), $270K (2004), $232K (2003).
176 condos have sold in Ala Moana year-to-date (2017). In previous years, the total number of condos sold were 185 (2016), 125 (2015), 99 (2014), 134 (2013), 119 (2012), 140 (2011), 115 (2010), 85 (2009), 75 (2008), 82 (2007), 1241 (2006), 96 (2005), 93 (2004), 62 (2003).
On average Ala Moana condos were on the market for 59 days before they were sold (2017). In previous years it was 118 days (2016), 118 days (2015), 92 days (2014), 62 days (2013), 68 days (2012), 89 days (2011), 74 days (2010), 92 days (2009), 104 days (2008), 81 days (2007), 7 days (2006), 36 days (2005), 64 days (2004), 86 days (2003).
The average days on market for Ala Moana condos before sold was 59 days November 2017 compared to 130 days November 2016.
The ratio of Ala Moana condos sales price vs list price was 95.5% November 2017 compared to 98.0% November 2016.
13 Ala Moana condos were sold November 2017 compared to 17 condos sold November 2016.
The total dollar volume of condos currently for sale in Ala Moana is $176.18M and the sold dollar volume year-to-date (2017) is $134.68M. In previous years sold dollar volume was $83.11M (2016), $53.25M (2015), $42.55M (2014), $47.24M (2013), $31M (2012), $38.07M (2011), $30.54M (2010), $26.37M (2009), $28.66M (2008), $31M (2007), $303.06M (2006), $37.49M (2005), $35.01M (2004), $19.19M (2003).
The most recent sale in Ala Moana was a condo located at #1602 , sold for $220K on Dec 12, 2017. It had 297sf of interior. 9 other recent sales include: #2005 (842sf) sold for $620K on 12/11/2017. #7704 (2,716sf) sold for $6.41M on 12/8/2017. #8500 (1,442sf) sold for $4.05M on 12/6/2017. #8600 (1,442sf) sold for $4.51M on 12/6/2017. #310 (597sf) sold for $399K on 12/6/2017. #2432 (297sf) sold for $245K on 12/4/2017. #2603 (297sf) sold for $233K on 12/4/2017. #PH 2210 (704sf) sold for $925K on 12/4/2017. #1309 (1,161sf) sold for $1.31M on 12/1/2017.
In Ala Moana there is currently 118 fee simple units for sale. 86 of the condos have ocean views, 13 have Diamond Head views and 37 have mountain views.
There are 31 studio floor plans, 25 x 1 bedroom floor plans, 45 x 2 bedroom floor plans, 15 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.