Built: 1970, 78 2BR Units in 13-Story Building on 36,448 Sq Ft.
Amenities: Pool.
Short-term Vacation Renting: Not Allowed.
Developer: Alexander Development.
The Alexander Arms is a concrete building at the intersection of Alexander and Bingham Streets, with H-1 on the far side of Bingham. Your immediate neighbor to the west is the Kapiolani Medical Center complex, while to the east is a low-rise community almost exclusively made up of single-family homes.
These two bedroom condos all have 864 Sq Ft interiors with a 96 Sq Ft lanai on the outside. Every unit has one assigned, uncovered parking stall to use.
Many owners have installed window a/c units, while some interiors feature ceiling fans in the living areas and/or bedrooms. Washer/Dryer is in every residence. The building has two elevators that serve all floors.
Over the past three years, there is 1 or more years with 0 condo sales in Alexander Arms, which makes making a graph not very relevant. The graph above, therefore, represents all Kapiolani condos, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
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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.
