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Is the Ward Village condo market slowing down?
By Tony Kawaguchi, REALTOR (RS-66616), The Kawaguchi Group, eXp Realty (RB-21841). Selling in Hawaii since 2005. Updated November 14, 2026.
It depends which side of the market you look at. On the new-tower side, Howard Hughes reported that buyers signed contracts on 82 Ward Village condos in the third quarter of 2026, including 66 at Mahana, the newest tower, which was 15% contracted as of September 30, 2026. On the resale side, the Honolulu Board of REALTORS doesn't publish a separate Ward Village figure. The closest Board measure is the Kakaʻako MLS neighborhood, where condo resales from January through September 2026 had a median of $875,000 on 338 sales, down 2.8%. The Board's October area report was not out when I updated this page.
Ward Village is a building list, not an MLS area
The MLS has no city, area or neighborhood called Ward Village, so the live charts and listings on this page come from a list of the 14 residential towers on Ward Village's official map: Waiea, Anaha, AeÊ»o, Ke Kilohana, Ê»AÊ»aliÊ»i, KÅÊ»ula, Victoria Place, Ê»Ulana, The Park Ward Village, Kalae, The Launiu, Melia, Ê»Ilima and Mahana. Older KakaÊ»ako buildings with "Ward" in the name aren't part of the master plan and aren't included. The written figures below come from two different places, and they measure different things.
New towers: where pre-sales stood on September 30, 2026
| Tower | Total units | Closed or under contract | Estimated delivery |
|---|---|---|---|
| The Park Ward Village | 545 | 98% | Q2 2026 (completed) |
| Kalae | 329 | 94% | 2028 |
| The Launiu | 485 | 75% | 2028 |
| Melia | 220 | 71% | 2030 |
| ʻIlima | 148 | 64% | 2030 |
| Mahana | 450 | 15% | 2031 |
Only 5 units closed in the quarter, all at The Park Ward Village, compared with none in the same quarter of 2025. That's normal for a developer: closings arrive in bursts when a tower is finished, while contracts are signed years earlier. For a buyer, the table shows where choice remains. Kalae is nearly spoken for; Mahana and the two towers due in 2030 still have the most unsold homes. My Ward Village new condos guide walks through each tower.
Resales: what the Board's Kakaʻako numbers say
Once a tower is finished, its units resell through the MLS like any other condo. The Honolulu Board of REALTORS reports those resales for the Kakaʻako MLS neighborhood and for the wider Ala Moana–Kakaʻako tax-map area, which also covers buildings outside Ward Village.
| Measure | Figure |
|---|---|
| Kakaʻako MLS neighborhood median, January–September 2026 | $875,000 on 338 sales (a year earlier: $900,000 on 306) |
| Kakaʻako MLS neighborhood median, September 2026 | $844,950 on 52 sales |
| Ala Moana–Kakaʻako condos for sale, end of September 2026 | 498 (422 a year earlier) |
| Ala Moana–Kakaʻako median days on market, January–September | 56 (61 a year earlier) |
| Ala Moana–Kakaʻako share of original list price received, January–September | 95.6% |
These are neighborhood numbers, so treat them as the backdrop, not as a Ward Village price. Units in the newest towers often have different finishes, views and fees from older buildings nearby. For tower-by-tower resale prices, look at the sold listings in the live report on this page. For the full Kakaʻako picture, see the Kakaʻako condo market report.
Buying in Ward Village
Decide first whether you want to wait. A pre-construction tower means a contract now and keys in 2028 or later, with the price set years ahead. A finished tower means a resale you can walk through today. With 498 condos for sale in the Ala Moana–Kakaʻako area at the end of September, resale buyers had choices, and the typical unit sold a few percent below its original asking price. In either case, read the association budget, reserve study and house rules before you commit, and compare monthly fees between towers.
Selling a Ward Village condo
You're competing with two groups: other owners in your tower, and the developer's new inventory down the street. Price against recent resales of the same floor plan and view line, not the neighborhood median. If your building has several similar units listed, timing and presentation matter more than usual, because buyers can compare side by side. For a pricing review based on your tower's recent sales, call (808) 201-3577.
Related reports: Kakaʻako condos, Honolulu condos and Honolulu (all home types). Looking at the neighbor islands? See the Big Island report and the new area reports for North Kona, South Kohala and Waikoloa, Hilo and Puna. Every report is on the market report hub. Neighborhood background: the Kakaʻako guide.
Ward Village condo market FAQ
How many Ward Village condos sold in the third quarter of 2026?
Howard Hughes reported 82 Ward Village units contracted or sold in the third quarter of 2026, including 66 at Mahana. Only 5 units closed in the quarter, all at The Park Ward Village.
Which Ward Village towers still have new units available?
As of September 30, 2026, Howard Hughes reported Mahana at 15% contracted, ʻIlima at 64%, Melia at 71%, The Launiu at 75%, Kalae at 94% and The Park Ward Village at 98% closed or contracted.
When will the new Ward Village towers be finished?
Howard Hughes' estimated delivery dates are 2028 for Kalae and The Launiu, 2030 for Melia and ʻIlima, and 2031 for Mahana. The Park Ward Village was delivered in the second quarter of 2026. Dates are developer estimates and can change.
What is the median price of a Ward Village condo?
The Honolulu Board of REALTORS does not publish a Ward Village median. The nearest Board figure is the Kakaʻako MLS neighborhood, with a January–September 2026 condo resale median of $875,000 on 338 sales. Ward Village units can sell well above or below that, depending on tower, view and size.
Are Ward Village resales included in Board statistics?
Yes. Resales of finished Ward Village units are recorded in the MLS and counted in the Board's Kakaʻako figures. First sales of new units by the developer are not counted in Board resale statistics.
How long do Kakaako-area condos take to sell?
In the Board's Ala Moana–Kakaʻako area, condos sold in a median of 56 days from January through September 2026, down from 61 days a year earlier.
Why doesn't this page use a Ward Village area search?
The MLS has no Ward Village area or neighborhood. The live report uses the 14 residential towers on Ward Village's official map, entered by their MLS building names, so nearby buildings outside the master plan are left out.
Sources
- Howard Hughes Holdings Inc., Third Quarter 2026 Supplemental Information, filed with the U.S. Securities and Exchange Commission, November 2026 (Ward Village condo closings, contracts and tower pipeline as of September 30, 2026).
- Ward Village, official neighborhood map (residential tower list).
- Honolulu Board of REALTORS, Oahu Local Market Update, September 2026 (dated October 15, 2026), residential resales compiled from HiCentral MLS. This is the Board's most recent area-level report; the October 2026 edition had not been released when this page was updated. Board market reports are indexed at hicentral.com/market-press-releases.php.
Tony Kawaguchi, REALTOR (RS-66616), The Kawaguchi Group, eXp Realty (RB-21841). Selling in Hawaii since 2005. Phone (808) 201-3577. This page is general information, not personalized financial, tax or legal advice; consult the appropriate licensed professional for your situation. Market statistics are deemed reliable but not guaranteed and can be revised as late sales are reported.