Good to Know About Koolani From the moment you enter Koolani’s grand lobby you know this building is something special, feeling more like a Balinese luxury resort’s lobby, with extensive use of wood and stone materials in dark accents. The sense of a resort continues throughout the elevators and hallways.
The door to each unit in Koolani is strategically positioned far from one another, creating a very private feel. Inside the units have floor to ceiling glass windows and a good portion of the upper window slides open, which is particularly nice in the morning hours when the sun is behind Koolani.
Most condos in Koolani have great southwest facing ocean views, but those views will be somewhat impacted, as Waiea and Anaha are being built (expected completion Nov 2016 and summer 2017, respectively). The best ocean views are over Ward Center, which should remain for many years to come. However, Howard Hughes (developer and Ward Center land owner) has plans to built 2 high-rises on that land in the distant future, which would drastically impact the views of condos in Koolani.
The amenities at Koolani are top of the line and includes the largest gym & fitness facilities of any condo in Honolulu, with steam room, yoga / pilates classes and more. Service is also top of the line and the helpful staff will gladly assist you getting groceries up to your room.
Right in front of Koolani is a mini-park, popular among families with young children. This park will remain and there are no plans to develop any high-rises on that land.
As Waiea and Anaha are built, Koolani condos ocean views will be impacted a bit. More importantly, Howard Hughes (major land owner and developer in Kakaako) has plans to built on land between Hokua and Waiea (most likely in distant future), which will impact the ocean views of Koolani significantly.
The price range of condos for sale in Koolani is $849K to $3.5M with a median price of $1.04M and median interior of 1,268sf.
The median price of condos sold in Koolani year-to-date (Jan - Oct 22, 2017) is $1.13M. In previous years it was $1.05M (2016), $950K (2015), $920K (2014), $880K (2013), $880K (2012), $841K (2011), $862K (2010), $800K (2009), $979K (2008), $900K (2007), $830K (2006).
21 condos have sold in Koolani year-to-date (Jan - Oct 22, 2017). In previous years, the total number of condos sold were 15 (2016), 27 (2015), 35 (2014), 32 (2013), 15 (2012), 23 (2011), 24 (2010), 27 (2009), 28 (2008), 38 (2007), 398 (2006).
On average Koolani condos were on the market for 91 days before they were sold (Jan - Oct 22, 2017). In previous years it was 138 days (2016), 122 days (2015), 101 days (2014), 97 days (2013), 86 days (2012), 73 days (2011), 83 days (2010), 117 days (2009), 67 days (2008), 119 days (2007), 7 days (2006).
The average days on market for Koolani condos before sold was 96 days September 2017 compared to 148 days September 2016.
The ratio of Koolani condos sales price vs list price was 97.5% September 2017 compared to 97.4% September 2016.
3 Koolani condos were sold September 2017 compared to 2 condos sold September 2016.
The total dollar volume of condos currently for sale in Koolani is $21.31M and the sold dollar volume year-to-date (Jan - Oct 22, 2017) is $27.2M. In previous years sold dollar volume was $17.09M (2016), $27.57M (2015), $38.71M (2014), $30.31M (2013), $12.71M (2012), $21.09M (2011), $21.24M (2010), $23.36M (2009), $31.38M (2008), $40.87M (2007), $350.13M (2006).
The most recent sale in Koolani was a condo located at #4301 , sold for $1.29M on Oct 19, 2017. It had 1374sf of interior. 9 other recent sales include: #2602 (1,561sf) sold for $1.4M on 9/22/2017. #1202 (1,561sf) sold for $1.16M on 9/20/2017. #3204 (1,157sf) sold for $967K on 9/6/2017. #801 (1,374sf) sold for $991K on 8/24/2017. #2004 (1,157sf) sold for $920K on 8/3/2017. #4308 (1,461sf) sold for $1.48M on 7/20/2017. #4611 (1,801sf) sold for $1.8M on 7/14/2017. #PH 3 (1,924sf) sold for $1.97M on 6/30/2017. #3406 (1,157sf) sold for $990K on 6/21/2017.
In Koolani there is currently 16 fee simple units for sale. 12 of the condos have ocean views, 2 have Diamond Head views and 8 have mountain views.
There are 9 x 2 bedroom floor plans and 7 x 3 bedroom floor plans.