Built: 1981, 24 2 & 3BR Units in 7-Story Building on 11,464 Sq Ft.
Amenities: None.
Short-term Vacation Renting: Not Allowed.
Developer: Royal Queen Emma Partners.
Royal Queen Emma is in a very central location, just off of Queen Emma Blvd and next to Vineyard Blvd (different from the Vineyard Street this building is on.) on a tree shaded road that is a cul-de-sac. You’re just above the main Downtown area by a couple of blocks and the entrances to H-1 in both directions are right down the street, so the benefits of this address are obvious.
These two and three bedroom condos’ interiors span from 918 to 1,334 Sq Ft. This is a mixed-use building, except for the three penthouse units that are restricted to commercial use only.
Every unit has at least one assigned parking space that can be either covered or uncovered. Central A/C is in each condo to keep the interior cool. Washer/Dryer is inside all of these residences. An elevator is here to serve the upper floor residents.
Many of the properties have beautiful views of the green Koolau mountains.
Over the past three years, there is 1 or more years with 0 condo sales in Royal Queen Emma, which makes making a graph not very relevant. The graph above, therefore, represents all Downtown Honolulu condos, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
Downtown Honolulu Market Summary (February '25 - January '26 vs February '24 - January '25)
Median Sales Price: $420,000 vs $429,000 — down 2.10%
Number of Sales: 119 vs 127 — down 6.30%
List-to-Sale Price Ratio: 98.82% vs 100% — down 1.18%
Median Days on Market: 57 vs 33 — up 72.73%
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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.