Waialae Gardens Condo Sales Activity

The hot seller’s market trend continues as another 3 bedroom/2 bath fee simple Waialae Gardens condo has come on market listed at $569K and gone quickly into escrow. The listing agent told me she received four offers – all over asking price. The previous benchmark high sale of $575K, closing occurred December, 2012, when (MLS# 1212494) sold at full asking price in just two days.

Upgraded Single Level Waialae Gardens Condo Now In Escrow

Waialae Gardens #116 (MLS# 1301908) is a nicely renovated 3 bedroom/2 bath single-level end-unit w/large attic storage and 1,010 sq.ft. of living area plus lanai. It has 2 assigned parking stalls with access to plenty of additional street parking fronting the unit.

Nicely upgraded Waialae Gardens #116 (3 bed/2 bath)

Waialae Gardens 2 Bedroom Condo For Sale

This newest listing – Waialae Gardens #68 – is a two-level 2 bedroom/2 bath condo with 1,035 sq.ft. interior and one assigned parking. I went to the first Sunday open house on 3/10 and saw a steady stream of potential buyers taking a look while l was there. The listing agent says all offers will be presented Thursday, 3/14.

Waialae Gardens #68 (MLS# 1302444)

Wood laminate flooring was installed in 2007, upstairs bathroom was remodeled in 2006 and the kitchen is actually a 70’s remodel.

Waialae Gardens Past 24 Month Overview

As you will know from reading my previous blog, Waialae Gardens has now been producing a new 3 bedroom condo listing every other month since last October. The 3 bedroom condos comprise only 17% of the total inventory and in past years were rarely available for sale.

An overview of the past 24 months shows that the 2 bedroom condos have consistently sold at an average price of $458K, whereas the 3 bedroom condos have risen from the low $500K range to these new prices in the high $500K range. Looks like the prices are enticing some owners to sell.

Good Time For Sellers Due to Lack of Waialae Nui Condo Inventory

So, with a total of only one active fee simple listing currently available for sale in the Waialae Nui Valley condo cluster development that also includes Tropic Gardens 1 and Tropicana Village-Makai, totaling 442 condos, looks like a great time to sell!