Note: Within Kapolei there are several smaller neighborhoods. This page shows all homes for sale in Kapolei across all neighborhoods. If you want to learn about the various neighborhoods, visit our Guide to Kapolei Real Estate page.
China Oceanwide Holdings purchased Kapolei West for $98M early 2016, a 516 acres golf course master planned community, which would connect Kapolei with Ko Olina.
Ka Makana Alii shopping center is on target for opening in the fall of 2016 with Macy's as the anchor tenant.
Oahu's 2nd City is an idea that's been discussed and debated for decades. It's only been in the last few years that it has truly taken shape in the community of Kapolei. The need for this additional urban center became clear as early as the 1970's when growth and development had transformed Honolulu. The crowded living conditions, traffic problems and other issues were a mounting crisis that called for a solution, or at least relief.
Kapolei's real estate was the answer. Out on the open, flat and, best of all, undeveloped Ewa Plain was a site far enough from Honolulu to create that relieving effect, but close enough for commuting if needed. This second condition was important, especially for the initial years. There probably wouldn't be a significant job market centered here for a time, so drawing the first wave(s) of Kapolei homebuyers would depend on that commute being feasible for them.
In fact, even though it's further west than Ewa Beach, the homes in Kapolei have easier access to the H-1 freeway. That makes one of the biggest commute hurdles, just getting to and on the freeway, easier and quicker for Kapolei residents than their neighbors to the east.
Homes & Neighborhoods in Kapolei
In general, the urban Oahu real estate world has seen a larger and larger number of condo properties. That's not the case here. Though it is an emerging city, most of the real estate in Kapolei is houses and townhomes. This is a low-rise neighborhood, befitting its plantation past. That has been the way from the very start when the first development, the Villages at Kapolei, broke ground in 1990.
The developers behind that project, as well as many after, created extremely attractive terms for homebuyers, such as lower interest rates, no closing costs and extra upgrades. That created an even greater appeal than normal an almost perpetually hot local real estate market. It benefited first time homebuyers most because they could buy a new home, without having the cash usually required to do so in Hawaii.
That affordability remains, making this a good place to invest or to buy before that changes. Charming Kapolei townhomes start at less than $300K. If you need a more spacious home, the desirable Kapolei Knolls neighborhood, for example, is famous for its 'Opus' floorplan, which has not just soaring ceilings, but 2,700 sq ft of indoors for you to live and play in as you choose.
Along with the affordable, you'll find luxury homes in Kapolei as well. The presence of both confirms that Kapolei has truly arrived as a broad-based community. These higher end properties are in subdivisions like Kapolei-Malanai, where the homes sit along a peaceful golf course. Residents get to enjoy the most beautiful of lawns without having to tend it themselves. There are also the statelier homes of Kapolei-Iwalani, which are reminiscent of Kahala styled houses.
The Future of the 2nd City
What will truly change Kapolei, and all of the Island, will be the rail system that's now under construction. Its beginnings are already very apparent around the area. How exactly it will mark Kapolei does take some guessing, but it's clear that there will be an impact here, at the rail's western end.
Kapolei is a locally brewed, potent mix of firmly established foundations and a future potential that's just a question of how big it will ultimately end up being. That doesn't mean you should approach buying a Kapolei home as a speculator, though. All you need to be is someone looking for a great place to live, raise a family and have all the conveniences at your fingertips - without all the concrete & congestion of that other city.
The price range of houses for sale in Kapolei is $425K to $1.08M with a median price of $675K, median interior of 1,711sqf and median land size of 5,000sqf.
The median price of houses sold in Kapolei year-to-date (Jan - Oct 26, 2016) is $636K. In previous years it was $590K (2015), $574K (2014), $530K (2013), $518K (2012), $518K (2011), $477K (2010), $517K (2009), $547K (2008), $562K (2007), $575K (2006), $552K (2005), $436K (2004), $340K (2003).
76 houses have sold in Kapolei year-to-date (Jan - Oct 26, 2016). In previous years, the total number of houses sold were 67 (2015), 58 (2014), 78 (2013), 87 (2012), 60 (2011), 77 (2010), 81 (2009), 77 (2008), 117 (2007), 134 (2006), 146 (2005), 143 (2004), 109 (2003).
On average Kapolei houses were on the market for 82 days before they were sold (Jan - Oct 26, 2016). In previous years it was 69 days (2015), 76 days (2014), 77 days (2013), 60 days (2012), 47 days (2011), 57 days (2010), 88 days (2009), 82 days (2008), 84 days (2007), 65 days (2006), 33 days (2005), 33 days (2004), 43 days (2003).
The average days on market for Kapolei houses before sold were 46 days September 2016 compared to 50 days September 2015.
The ratio of Kapolei houses sales price vs list price were 100.9% September 2016 compared to 100.0% September 2015.
5 Kapolei houses were sold September 2016 compared to 6 houses sold September 2015.
The total dollar volume of houses currently for sale in Kapolei is $25.14M and the sold dollar volume year-to-date (Jan - Oct 26, 2016) is $48.17M. In previous years sold dollar volume was $39.98M (2015), $34.12M (2014), $42.83M (2013), $45.38M (2012), $31.11M (2011), $39.66M (2010), $41.87M (2009), $42.92M (2008), $67.13M (2007), $80.47M (2006), $84.85M (2005), $64.03M (2004), $39.16M (2003).
The most recent sale in Kapolei was a house located at 91-207 Ania Place, sold for $665K on Oct 25, 2016. It had 2268sqf of interior. 9 other recent sales include: 91-205 Ania Place (2,322sqf) sold for $816K on 10/24/2016. 91-1045 Keawanui Street (1,307sqf) sold for $420K on 10/18/2016. (1,348sqf) sold for $587K on 10/14/2016. 91-1050 Kanio Street (1,162sqf) sold for $603K on 9/30/2016. 91-214 Waopio Place (1,854sqf) sold for $710K on 9/30/2016. 91-1019 Kuea Street (1,116sqf) sold for $625K on 9/29/2016. 91-1076 Lanakoi Street (1,899sqf) sold for $755K on 9/19/2016. 91-1025 Wahipana Street (1,471sqf) sold for $589K on 9/8/2016. 91-223 Hokuimo Place (2,109sqf) sold for $870K on 8/31/2016.
4 of the houses have ocean views, 2 have Diamond Head views and 12 have mountain views.
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2016. Information is deemed reliable but not guaranteed.