Waikiki Allure Market Update – The Allure of the Allure

Three months ago, I wrote about the Allure Waikiki, a great new luxury condo building that exudes style. I told you about the approximately 19,500-square-foot private recreation terrace on the 6th floor with an exclusive resort-style pool (more on this below), the outdoor spa, and the state-of-the-art, 2,200-square-foot fitness center.

Allure Waikiki Sales Stats

I also spoke of a unit I was going to choose as my best pick, unit #2008, but that it had gone into contract as I was writing that original blog. It has closed now, and it sold at $860,000, which is $10,000 off its asking price of $870,000.

Then I went on to recommend unit #1909, a 1,102 sq.ft. two bedroom, two bath unit offered at $740,000 (MLS# 1206958). It is still being offered at that price, though one of the other units I mentioned, #1209, is currently in contract.

Another unit I gave the nod to, #2809, has been temporarily withdrawn. As a matter of fact, since my last blog about the Allure Waikiki, 7 units have been withdrawn, 1 has expired, and 6 have sold, 5 of them sold at asking (and as developers’ units were listed as being ‘on the market’ for only one day), but the last one, unit #2008 was a resale unit (meaning not sold directly by the developer, but by an owner), and it sold slightly below asking.

The Deals Start Now

Are you getting where I am going with this? Cause it seems to me these days condos in other buildings in Waikiki are selling faster than the stats at the Allure would lead you to believe. In short – don’t wait for the deal to come to you – make the deal happen.

If you’ve been looking at an Allure Waikiki condo, but have been waiting for prices to come down, you may want to rethink that strategy, and get in the driver’s seat before someone else gets the same idea.

Allure Waikiki Fire Bowl

Also, I’d like to give praise where it’s due, and point out the very beautiful and sculptural Meridian Fire Bowl on display at the Allure Waikiki’s 6th floor pool deck. Created by the artist John T. Unger (www.johntunger.com), it is his largest work of its kind to date. It is this type of detail that makes this building very special.