Built: 1962, 133 Units, 25 Floors, Studio - 2BR, Pets: OK (verify).
Amenities: Pool, Fitness Center, Sauna.
Short-term Vacation Renting: Not Allowed.
Foster Tower, the first residential condo over 16 stories tall in Waikiki, boasts a prime spot on Kalakaua Ave, directly across from a central stretch of Waikiki Beach - a rare position for residential buildings, typically set inland while hotels claim oceanfront lots.
Foster Tower is a condo with a mix of fee simple and leasehold units. Consequently, a performance graph specific to Foster Tower may be less indicative of market trends. Therefore, the graph above depicts the fee simple performance of Waikiki condos, offering a more meaningful representation of the surrounding market.
Waikiki Market Summary (January '25 - December '25 vs January '24 - December '24)
Median Sales Price: $514,908 vs $530,000 — down 2.85%
Number of Sales: 744 vs 804 — down 7.46%
List-to-Sale Price Ratio: 97.15% vs 97.25% — down 0.10%
Waikiki has unique short-term rental rules. We are local real estate agents who know the local market and its regulations very well. Contact us when you are considering purchasing to get the best advice possible.
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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.
