About Kapolei Condos & Townhomes
Kapolei townhomes is still a work in progress, but one which has now passed the crucial tipping point. Today it runs a close 2nd to Metro Honolulu for shopping options as well as housing government offices that recognize its unquestioned central role for all of West Oahu.
Another sign of its full emergence is the extensive residential development that has resulted in numerous neighborhoods. Interestingly, the vast majority of these new Kapolei neighborhoods consist of townhomes and condos – and for good reason.
As the 2nd City, the intent is to make Kapolei townhomes affordable, but also provide properties in sizable numbers to accommodate as many homebuyers as feasible in the high-priced Oahu market. Those conditions, though, aren't as constricting out on the Ewa Plain, as they would be anywhere else on the Island.
Kapolei townhomes are more common than condos, partly because they're in keeping with the low-rise vision for the community. With just 2 or 3 floors, visibility remains open and unconstricted by these structures. This is a place you don't feel hemmed in as you walk the streets.
That roominess factor is also part of the layout around you as well as above you. Wide avenues, large park spaces throughout and more breathing space between buildings are distinct qualities of the Kapolei townhomes & condos. In a sense, where Metro Honolulu is crowded, urban New York City, Kapolei is more like the spread out feeling of Los Angeles.
Townhomes With Extra Attractions
The townhome model that prevails here is even more attractive in Kapolei for the advantages it brings homeowners, such as outdoor spaces. Here, the chances of having a yard are very high, sometimes on both front and back. You won't find that elsewhere on such a scale or for a comparable price point.
Townhouses in Kapolei can house families better, too, with often greater room than a condo and dual levels for the separation that makes for a more peaceful home life for those with children. Kapolei is a family-oriented place and that's reflected in the townhomes.
Kapolei's condos follow the same general rules of few floors with often larger floor plans than their counterparts to the east and a low impact on the environment.
Another benefit is that almost every townhome or condo was built since 1994, making these more recent developments that benefit from newer techniques and technology, including many Green innovations like solar water heaters.
Real Estate Creativity and Affordability
That isn't the only area where innovation is present. The clean slate of the Ewa Plain has allowed different approaches to be pursued. The Nanala at Mehana townhomes, for example, allow you to use your 1st floor as a commercial property.
Even if you're not seeking a business outlet in your home, there's much to choose from, like the surprisingly affordable golf-course views of Kekuilani Villas. There's always neighborhoods like Nohana at Kapolei and Pae Ko Gardens as well that offer excellent price points for a quality home that comes with excellent amenities.
Where so many townhome communities on this Island don't have so many extras, like a pool or recreation area, Kapolei's usually do. In so many other areas, the lack of extra real estate to add those isn't so much of an issue here. That's why you'll find them in Ewa listings so much more.
It's easy to understand why Kapolei is coming together so quickly. The existence of new shopping malls and big box stores make for a more convenient daily life. That's important, but they're 2nd tier factors in attracting so many buyers.
It's the chance to buy a townhome or a condo that's relatively, or even brand, new, to get it for a decent price and have room, inside and outside, that isn't nearly as common today in the more crowded conditions of much of Oahu. Kapolei townhomes and condos are part of a new frontier that's opened up, offering what many thought was no longer possible. Here, it still is.
The price range of condos for sale in Kapolei is $251K to $639K with a median price of $407K and median interior of 995sf.
The median price of condos sold in Kapolei year-to-date (2016) is $396K. In previous years it was $362K (2015), $335K (2014), $320K (2013), $267K (2012), $301K (2011), $273K (2010), $263K (2009), $292K (2008), $286K (2007), $287K (2006), $266K (2005), $198K (2004), $155K (2003).
94 condos have sold in Kapolei year-to-date (2016). In previous years, the total number of condos sold were 57 (2015), 85 (2014), 59 (2013), 38 (2012), 40 (2011), 41 (2010), 32 (2009), 22 (2008), 50 (2007), 62 (2006), 54 (2005), 62 (2004), 74 (2003).
On average Kapolei condos were on the market for 60 days before they were sold (2016). In previous years it was 70 days (2015), 85 days (2014), 87 days (2013), 67 days (2012), 66 days (2011), 67 days (2010), 77 days (2009), 70 days (2008), 67 days (2007), 67 days (2006), 25 days (2005), 27 days (2004), 38 days (2003).
The average days on market for Kapolei condos before sold was 48 days November 2016 compared to 81 days November 2015.
The ratio of Kapolei condos sales price vs list price was 99.5% November 2016 compared to 100.1% November 2015.
5 Kapolei condos were sold November 2016 compared to 2 condos sold November 2015.
The total dollar volume of condos currently for sale in Kapolei is $6.53M and the sold dollar volume year-to-date (2016) is $38.54M. In previous years sold dollar volume was $21.29M (2015), $29.55M (2014), $18.62M (2013), $11.18M (2012), $13.12M (2011), $12M (2010), $9.07M (2009), $6.32M (2008), $14.66M (2007), $18.57M (2006), $14.57M (2005), $12.51M (2004), $11.77M (2003).
The most recent sale in Kapolei was a condo located at #103 Nohona II at Kapolei, sold for $399K on Dec 02, 2016. It had 1175sf of interior. 9 other recent sales include: #508 Nanala at Mehana (1,396sf) sold for $536K on 12/2/2016. #201 PULEWA AT MEHANA (1,471sf) sold for $560K on 11/30/2016. #406 Awakea (1,870sf) sold for $650K on 11/30/2016. #1108 Kealakai@Kapolei VI (911sf) sold for $416K on 11/28/2016. #12C Pae Ko Gardens (701sf) sold for $325K on 11/25/2016. #5D Pae Ko Gardens (701sf) sold for $335K on 11/22/2016. #8A Malanai Iki (744sf) sold for $326K on 11/17/2016. #14C Pae Ko Gardens (701sf) sold for $325K on 11/9/2016. #1008 Kealakai@Kapolei VI (500sf) sold for $305K on 10/31/2016.
In Kapolei there is currently 17 fee simple units for sale.
There are 2 x 1 bedroom floor plans, 7 x 2 bedroom floor plans and 8 x 3 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2016. Information is deemed reliable but not guaranteed.