Capitol Place, a Downtown Honolulu condo developed by the renowned Kobayashi Group and MacNaughton Group (known for Hokua, One Ala Moana, and Park Lane), often overlooked due to its location outside Kakaako or Ala Moana, yet offers upscale living. Units provide stunning views of the city, green mountains, and vast ocean.
Over the past 3 years, an average of 9.3 fee simple condos sold per year in Capitol Place Honolulu. This small sample size means the graph may not capture the full market picture.
The Capitol Place Honolulu graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Capitol Place Honolulu Market Summary (July '24 - June '25 vs July '23 - June '24)
Median Sales Price: $937,750 vs $873,000 — up 7.42%
Number of Sales: 10 vs 9 — up 11.11%
List-to-Sale Price Ratio: 98.76% vs 98.31% — up 0.46%
Median Days on Market: 28 vs 25 — up 12.00%
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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.