About Executive Centre Downtown Honolulu The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.
In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. Currently, Aqua runs the hotel operations, from front desk to maid service and everything else.
Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).
Due to the unusual zoning you'll also find other open layouts with larger dimensions, intended to allow the owner to customize the space according to their needs, office or residential. Also, some of these condos are split level, offering a 2 story experience.
Most residences do not have lanais, but the few that do get substantial outdoor spaces of from 308 to 575 sq ft all their own. Views from them, as well as your windows, take in not just the city lights, but the Koolau Mountains to the north and the ocean laying out before you as far as you can see on the south.
With the special zoning of this place there's a lot of opportunities. Short stay vacation condo. Office. Home. Or even both in one space. It's a unique place with a lot of possibilities. All of them yours.
The price range of condos for sale in Executive Centre is $179K to $425K with a median price of $247K and median interior of 590sf.
The median price of condos sold in Executive Centre year-to-date (Jan - Oct 21, 2017) is $218K. In previous years it was $185K (2016), $168K (2015), $148K (2014), $98K (2013), $148K (2012), $140K (2011), $162K (2010), $185K (2009), $250K (2008), $239K (2007), $220K (2006), $180K (2005), $142K (2004), $118K (2003).
21 condos have sold in Executive Centre year-to-date (Jan - Oct 21, 2017). In previous years, the total number of condos sold were 25 (2016), 37 (2015), 21 (2014), 27 (2013), 16 (2012), 21 (2011), 8 (2010), 8 (2009), 13 (2008), 18 (2007), 27 (2006), 73 (2005), 39 (2004), 31 (2003).
On average Executive Centre condos were on the market for 81 days before they were sold (Jan - Oct 21, 2017). In previous years it was 108 days (2016), 90 days (2015), 106 days (2014), 110 days (2013), 69 days (2012), 82 days (2011), 86 days (2010), 157 days (2009), 75 days (2008), 70 days (2007), 47 days (2006), 31 days (2005), 54 days (2004), 93 days (2003).
The average days on market for Executive Centre condos before sold was 22 days September 2017 compared to 95 days September 2016.
The ratio of Executive Centre condos sales price vs list price was 98.0% September 2017 compared to 98.8% September 2016.
1 Executive Centre condo was sold September 2017 compared to 6 condos sold September 2016.
The total dollar volume of condos currently for sale in Executive Centre is $5.47M and the sold dollar volume year-to-date (Jan - Oct 21, 2017) is $5.56M. In previous years sold dollar volume was $5.57M (2016), $7.4M (2015), $3.58M (2014), $3.14M (2013), $2.46M (2012), $3.02M (2011), $1.3M (2010), $1.57M (2009), $3.09M (2008), $4.25M (2007), $6.15M (2006), $13.23M (2005), $5.66M (2004), $3.65M (2003).
The most recent sale in Executive Centre was a condo located at #705 , sold for $102K on Oct 20, 2017. It had 372sf of interior. 9 other recent sales include: #1111 (590sf) sold for $195K on 9/5/2017. #3306 (798sf) sold for $455K on 8/7/2017. #809 (477sf) sold for $163K on 7/31/2017. #1114 (967sf) sold for $218K on 7/26/2017. #1201 (525sf) sold for $170K on 7/21/2017. #901 (525sf) sold for $197K on 7/11/2017. #409 (477sf) sold for $335K on 6/27/2017. #3206 (798sf) sold for $257K on 6/19/2017. #203 (802sf) sold for $170K on 6/16/2017.
In Executive Centre there is currently 7 fee simple and 13 leasehold units for sale. 6 of the condos have ocean views and 11 have mountain views.