In Brief Ward Village is a 60 acre master planned community right in the heart of Honolulu, developed by Howard Hughes Corporation, which is expected to be 14 high-rise condo towers once completed. Think of the Ward Village location as Ward Center, Ward Warehouse, the block between Auahi St & Queen St and some lots west of Ward Ave. This is prime land in an outstanding central location in Honolulu; Ala Moana Beach Park is located across the street, Ala Moana Shopping Center a short stroll away, ~2 miles to central Waikiki and ~7 miles to the airport.
Concept The concept behind Ward Village is to create a convenient walkable neighborhood with wide sidewalks along Auahi St, parks, shops and restaurants. The master plan behind Ward Village has 4 main design strategies in place: 1) Connected public spaces, 2) Auahi Street will be a pedestrian promenade, 3) Mountain ocean view corridors and 4) Streetscape design.
Projects The Ward Village master plan is currently being developed with some new condo projects completed, others under construction and finally some selling in pre-construction phase. This is current status:
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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.
