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 $119K to $388K with a median price of $241K and median interior of 590sf.
The median price of condos sold in Executive Centre year-to-date (Jan - Sep 22, 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 - Sep 22, 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 - Sep 22, 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 7 days August 2017 compared to 61 days August 2016.
The ratio of Executive Centre condos sales price vs list price was 100.0% August 2017 compared to 97.5% August 2016.
1 Executive Centre condo was sold August 2017 compared to 1 condo sold August 2016.
The total dollar volume of condos currently for sale in Executive Centre is $5.19M and the sold dollar volume year-to-date (Jan - Sep 22, 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 #1111 , sold for $195K on Sep 05, 2017. It had 590sf of interior. 9 other recent sales include: #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. #2905 (543sf) sold for $180K on 6/2/2017.
In Executive Centre there is currently 6 fee simple and 14 leasehold units for sale. 6 of the condos have ocean views and 12 have mountain views.
There are 1 studio floor plan and 19 x 1 bedroom floor plans.