If there's one part of Oahu that's seen truly dramatic change in the last two or three decades, it's the Ewa Plain. Other areas have certainly seen development change their landscape, but in this case an entire new metro area has been created where sugar fields stretched not long ago.
New residents flocked here for the better price points, larger lots and the chance to have a yard of their very own. One of the major subdivisions, Ewa Gentry, had its first homes open in the late 1980's with additions still coming. The homes extend from 3 to 5 bedrooms, pricing mostly in the 400Ks – 500Ks. More recently, larger, more luxurious houses have been added that can top even the magic $1M mark.
Ewa Beach is another matter. This longstanding community existed long before the end of the plantations created the rest of the neighborhoods. For that reason you'll find homes that reflect the individual owner's tastes and budget, rather than a developer's.
Everything from mid-20th Century plantation style houses to structures that have barely passed their 1st birthday are found in Ewa Beach. A little more affordable than Gentry, there are some oceanfront homes, too, that pass the $1M mark.
Kapolei crowns the area as both its downtown and civic center. All major shopping and government offices are concentrated there, a recognition of its central role on the Leeward Side. Its homes, like the majority of its neighbor communities, are almost all the product of major developments.
It also had the initial draw with entry-level homes that gave buyers bigger lots than eastern Oahu. Now Kapolei claims some of the best golf courses on the Island as well as some of the best high-end residential communities built around them. You can expect to pay in the high 6 to low 7 figures on those with the best vantage points.
There's no question that Ewa and Kapolei still offer more real estate for your money. To create a real broad-based city there, though, they've understood that every strata of the market needed to be present. So far, they've succeeded and that means there's probably a home just right for you, too.
Ewa / Kapolei Houses - Trends & Statistics
The price range of houses for sale in Ewa / Kapolei is $410K to $2.7M with a median price of $649K, median interior of 1,541sf and median land size of 5,007sf.
The median price of houses sold in Ewa / Kapolei year-to-date (Jan 23, 2017) is $641K. In previous years it was $630K (2016), $580K (2015), $540K (2014), $515K (2013), $460K (2012), $440K (2011), $435K (2010), $440K (2009), $468K (2008), $510K (2007), $530K (2006), $485K (2005), $375K (2004), $276K (2003).
37 houses have sold in Ewa / Kapolei year-to-date (Jan 23, 2017). In previous years, the total number of houses sold were 735 (2016), 570 (2015), 565 (2014), 560 (2013), 488 (2012), 437 (2011), 491 (2010), 440 (2009), 481 (2008), 581 (2007), 674 (2006), 772 (2005), 700 (2004), 633 (2003).
On average Ewa / Kapolei houses were on the market for 52 days before they were sold (Jan 23, 2017). In previous years it was 72 days (2016), 71 days (2015), 78 days (2014), 65 days (2013), 55 days (2012), 61 days (2011), 66 days (2010), 75 days (2009), 84 days (2008), 76 days (2007), 65 days (2006), 30 days (2005), 31 days (2004), 49 days (2003).
The average days on market for Ewa / Kapolei houses before sold were 75 days December 2016 compared to 61 days December 2015.
The ratio of Ewa / Kapolei houses sales price vs list price were 99.7% December 2016 compared to 102.5% December 2015.
62 Ewa / Kapolei houses were sold December 2016 compared to 47 houses sold December 2015.
The total dollar volume of houses currently for sale in Ewa / Kapolei is $93.28M and the sold dollar volume year-to-date (Jan 23, 2017) is $23.6M. In previous years sold dollar volume was $472.54M (2016), $336.11M (2015), $313.48M (2014), $297.98M (2013), $236.67M (2012), $199.57M (2011), $222.57M (2010), $201.85M (2009), $239.13M (2008), $310.65M (2007), $368.07M (2006), $396.08M (2005), $266.6M (2004), $182.73M (2003).
The most recent sale in Ewa / Kapolei was a house located at 91-1026 Kaiakua Street, sold for $850K on Jan 20, 2017. It had 2811sf of interior. 9 other recent sales include: 91-1078 Papaa Street (1,787sf) sold for $685K on 1/20/2017. 91-3058 Makalea Loop (1,492sf) sold for $576K on 1/20/2017. 91-674 Makalea Street (1,476sf) sold for $581K on 1/20/2017. 91-1295 Kaiokia Street (2,308sf) sold for $900K on 1/19/2017. 91-1001 Keaunui Drive (1,260sf) sold for $600K on 1/19/2017. 91-703A Oneula Place (784sf) sold for $650K on 1/18/2017. (1,024sf) sold for $538K on 1/18/2017. 91-2176 Kanela Street (1,320sf) sold for $587K on 1/18/2017. 91-1189 Hoowalea Street (2,680sf) sold for $785K on 1/18/2017.
4 of the houses have ocean views, 2 have Diamond Head views and 26 have mountain views.