Built: 2013, 176 1 & 2BR Units in 23-Story Building on 21,339 Sq Ft.
Amenities: None.
Short-term Vacation Renting: Not Allowed.
Developer: KRC Partners LLC.
The Holomua building stands at the inland end of Kalakaua Ave just before it intersects with Beretania St, not far from Cartwright Neighborhood Park. The structure consists of a seven-story parking garage on the bottom plus sixteen residential floors on top of that.
The one and two bedroom condos have interiors of 354 to 791 Sq Ft with most having a lanai of 30 to 50 Sq Ft outside. The three coastal-side residences on the eighth floor are the exceptions, their lanais measuring 538, 540 & 569 Sq Ft. In all, there are eighty of the one bedrooms and ninety-six of the two bedrooms. Each unit has one or two assigned, covered stalls in the parking garage.
The vast majority of the interiors have both window a/c units and ceiling fans in them. Washer/Dryer is inside all of these condos. The building has three elevators that serve the parking levels as well as all of the residential floors.
Most have city and mountain views with some of the higher floor residences having peekaboo ocean views.
Over the past 3 years, an average of 6.3 fee simple condos sold per year in Holomua. This small sample size means the graph may not capture the full market picture.
The Holomua graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
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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.
