Ilikai apartment prices still more than 16% below 2006 highs

The Ilikai Apartment Building has been an iconic landmark on the Waikiki skyline for decades. Made famous during the opening sequence of the original Hawaii 5-0 television show, this building is rather unique in that it has been a combination of hotel and condominium. It has been popular because it is right on the water and just a few steps to Waikiki beach. It is also in close walking distance to Ala Moana Center, the largest outdoor mall in the United States and still within walking distance to everything in Waikiki. It is just convenient. With its on going popularity Ilikai prices have continued to rise.

Ilikai median sales prices up 16% year over year

Because of its uniqueness, the Ilikai Apartment Building has attracted many investors. This past year, the purchase prices have risen sharply. The median sales price for the most common 500 square foot unit is $431,000 so far this year. That is a 16% increase from 2012. Most well priced units have been snatched up quickly after receiving many offers.  The Days on Market (the indicator that shows how fast properties are selling) has fallen by 17% or 43 days meaning that available inventory is selling at a much faster pace. It is even more interesting to consider that 2006’s median sales price for the Ilikai was $507,000 which is a further 16+% increase from where we are now! As our Hawaii tourism goes from strength to strength it is easy to see why people are excited about this property.

Ilikai apartment building sale statistics

Perhaps you have noticed: we are updating our servers with massive amounts of data to supply detailed statistical information. Here are real time statistics from our servers concerning the Ilikai apartment building :
Total active condos in Waikiki 566
total count of listings in the Ilikai Apts sold last 31 days: 0
– total count of listings in the Ilikai Apts sold last 360 days: 0
– median sales per condo (the Ilikai Apts) last 31 days sold: $0
– median sales per condo (the Ilikai Apts) last 62 days sold: $0
– median sales per condo (the Ilikai Apts) last 180 days sold: $0
– median sales per condo (the Ilikai Apts last 360 days sold: $0
– median price per condo (the Ilikai Apts) active listings $0

See current listings at the Ilikai Apartment Building

Ilikai apartment loved by guests and investors

Guests have loved to stay here because they can have a full kitchen and a more spacious place to stay than many hotel rooms. Investors love these because they can be rented daily and time can be scheduled for the owners to enjoy the place too. Also the property taxes are much lower than hotel and resort zoned property which boosts the possible rate of return for an investor.
And lets not forget the fantastic location of the Ilikai. Close to it all. Watch the Hilton fireworks every Friday right in front of the building. Walk with your surfboard or standup paddle board to the beach, with a lot of famous surf breaks right there. Your favorite Waikiki restaurant is also within walking distance, so no need to drive!

Buying in the Ilikai

Going with someone that knows the history of the building and knows the ins and outs of what is happening now is crucial to getting the best unit at the best price. Because Ilikai condo units are selling so quickly it is important to be informed quickly and to know all of the inside information. Give me a call and let me introduce you to this iconic building.  I am there frequently during the week and am happy to show you around. 808-394-9779

Ilikai penthouses

The exclusive penthouse level rarely has units for sale.  Be at the top of the ‘I’ and check out my penthouse listing with stunning views over the ocean and to Diamond Head.

Selling your Ilikai condo

Selling in the Ilikai takes someone who knows the potential of each unit and tailor pricing and presentation to your needs. Call me or fill out the contact form below to receive a detailed analysis of the potential of marketing and selling your Waikiki (Ilikai) Condo 808-394-9779.