Price per square foot is a calculation used to determine the value of a square ft. in a real estate property. This method is commonly used by real estate professionals and investors to compare the value of different condominium buildings within a neighborhood, especially for new development.
We have compiled a list of the average price per square ft. for popular condominiums located within Ala Moana-Kakaako from most expensive to least. See where your desired condominium stacks up:
(PSF = Price Per Square Foot)
Park Lane | $2,474 PSF |
Waiea | $2,015 PSF |
Hokua | $1,719 PSF |
Anaha | $1,445 PSF |
One Ala Moana | $1,297 PSF |
The Collection | $1,064 PSF |
Waihnoua | $1,004 PSF |
Keahou Place | $968 PSF |
Symphony | $967 PSF |
Hawaiki Tower | $913 PSF |
Pacifica | $888 PSF |
Ko’olani | $869 PSF |
Nauru Tower | $856 PSF |
909 Kapiolani | $837 PSF |
Moana Pacific | $804 PSF |
1350 Ala Moana | $795 PSF |
Vanguard Lofts | $746 PSF |
400 Keawe | $700 PSF |
Imperial Plaza | $637 PSF |
(MLS data from 7/16/18)
(These figures were based on sold prices within the last 6 months)
We can see that the top of the list is mostly comprised of very recently built luxury buildings, with the exception of Hokua, which was built in the mid 2000's. Ko'olani was suprising in value as it sits in a prime location in Ward Village - this could be due to upcoming development that may block its ocean views.
Disclaimer: price per square foot is a good method for looking at trends within a neighborhood but not necessarily on judging the value of a piece of real estate. Often times, especially in luxury buildings, higher floor levels command a large premium compared to the lower floors and can skew an average up sharply.