Built: 1966, 49 2 & 3BR Units in 8-Story Building on 20,851 Sq Ft.
Amenities: Pool, Recreation Area, Event Room, BBQs.
Short-term Vacation Renting: Not Allowed.
Developer: Vim Corp. and Charles E. Hughes, Jr.
The Punahala Apts is an L-shaped building, with the parking area & pool area directly on Wilder Ave and the main residential structure set back. Directly across Wilder is the campus of Punahou School, with its line of palm trees that mark its southern border.
These two and three bedroom condos have interiors of 824 to 1,175 Sq Ft with a lanai of 82 to 85 Sq Ft on the exterior. The layouts divide up into seven of the three bedrooms and forty-two of the two bedrooms. Each unit has at least one assigned parking stall, which may be covered or uncovered.
Most have ceiling fans and/or window a/c units in them, the latter being installed by owners. Washer/Dryer is inside of every residence. There are two elevators serving the ground floor parking area as well as the upper floors.
The residences here have city and mountain views from them.
Over the past three years, there is 1 or more years with 0 condo sales in Punahala Apts, which makes making a graph not very relevant. The graph above, therefore, represents all Makiki condos, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
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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.
