Waikiki Skytower is a condo with a mix of fee simple and leasehold units. Consequently, a performance graph specific to Waikiki Skytower may be less indicative of market trends. Therefore, the graph above depicts the fee simple performance of Waikiki condos, offering a more meaningful representation of the surrounding market.
Waikiki Market Summary (January '25 - December '25 vs January '24 - December '24)
Median Sales Price: $514,908 vs $530,000 — down 2.85%
Number of Sales: 744 vs 804 — down 7.46%
List-to-Sale Price Ratio: 97.15% vs 97.25% — down 0.10%
Median Days on Market: 47 vs 36 — up 30.56%
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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.
