Built: 1980, 48 2 & 3BR Units in 16-Story Building on 21,165 Sq Ft.
Amenities: Pool, Sauna, Meeting Room, Recreation Area, BBQs.
Short-term Vacation Renting: Not Allowed.
Developer: Sovereign Development Co.
The Sovereign stands on Beretania St at the very start of the block that includes the historic Central Union Church, your local grocery store just 150 yards to your south. The structure’s initial four floors are all used for parking, then twelve residential floors on top of that.
These two and three bedroom condos have interiors measuring from 1,192 to 1,541 Sq Ft with one lanai on the exterior. Across the building there are thirty-six two bedrooms and twelve of the three bedrooms. Each unit has two assigned, covered parking spaces in the gate-secured garage.
Central a/c is standard in all interiors. Washer/Dryer is in every condo. You also have an assigned storage space that is located on the same floor as your residence. Two elevators here serve the parking levels as well as the residential floors.
From these condos you have city and mountain views.
Over the past three years, there is 1 or more years with 0 condo sales in Sovereign, which makes making a graph not very relevant. The graph above, therefore, represents all Kapiolani condo, 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.
