Built: 1961, 77 Units, 10 Floors, Studio - 2BR, Pets: OK (verify).
Amenities: None.
Short-term Vacation Renting: Not Allowed.
Ala Wai Cove, a condo with community laundry at the makai end of University Ave, across from the low-rise Ala Wai Community Park and Elementary, ensuring permanent views of the Ala Wai Canal and Waikiki.
Units include Studios/1BA (402 or 414 sq ft), 1BR/1BA (551–605 sq ft), and 2BR/1BA (696–811 sq ft), most with lanais (55–253 sq ft, except the lanai-less 08 stack).
Over the past 3 years, an average of 3 fee simple condos sold per year in Ala Wai Cove. With so few sales, this graph may not fully reflect market trends.
The Ala Wai Cove graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Ala Wai Cove Market Summary (December '24 - November '25 vs December '23 - November '24)
Median Sales Price: $250,000 vs $355,000 — down 29.58%
Number of Sales: 3 vs 4 — down 25.00%
List-to-Sale Price Ratio: 90.91% vs 100.71% — down 9.73%
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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.