Namahana Terrace, a 5-story walk-up with an elevator and community laundry, built before Waikiki’s late 1960s development boom, sits just off Ala Wai Blvd on Namahana St.
Units
Studio/1BA (416 sq ft), 1BR/1BA (402, 427, 455, 468 sq ft), and a penthouse 1BR/2BA (749 sq ft with a 1,776 sq ft lanai).
Lower floors (except ground level) have lanais (40-102 sq ft) facing the Ala Wai Canal and Koolau Mountains.
Over the past three years, there is 1 or more years with 0 condo sales in Namahana Terrace, which makes making a graph not very relevant. The graph above, therefore, represents all Waikiki condos, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
Waikiki Market Summary (December '24 - November '25 vs December '23 - November '24)
Median Sales Price: $520,000 vs $525,000 — down 0.95%
Number of Sales: 736 vs 792 — down 7.07%
List-to-Sale Price Ratio: 96.3% vs 97.4% — down 1.13%
Median Days on Market: 47 vs 34 — up 38.24%
Thinking of Buying or Selling in Namahana Terrace?
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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.
