Honolulu Homes & Lifestyle Options
Honolulu is a wonderfully intoxicating mix of tropical paradise, modern city and small town atmosphere. Where else could you find palm tree lined beaches alongside towering downtown business offices and huge shopping malls, the whole place filled with people whose idea of a weekend blowout is an all day barbecue with family & friends?
Honolulu real estate is equally varied. There's the Old Hawaii of Plantation-style homes in areas like Kaimuki, the high-rise condos of Waikiki and Ala Moana and houses in Kahala that look like they were transported whole from Beverly Hills. So where do you start in defining or understanding this city?
A good way is to approach it through the 3 main regions that make up Honolulu's real estate, all bordered on their north by the Koolau Mountains and on the south by the Pacific Ocean:
Metro Honolulu: which includes everything from the Salt Lake area in the west through Downtown, then the rapidly changing Kakaako and onto Manoa, Waikiki and ending at Kapahulu Ave as its eastern border.
Diamond Head Region: this begins with Kapahulu, heading eastward to take in Kaimuki & St Louis Heights, Kahala, Aina Haina and just past Kuliouou Beach Park to Kawaihae St.
Hawaii Kai: picking up at Kawaihae St, this district takes in Portlock, Queens Gate and everything included up to its far point on the east side of Makapuu Point, where you find its famous lighthouse marking this end of the region and the city itself.
Now that you know the 3 primary regions, let's take a look at some of the most prominent neighborhoods within them where you'll find some of the more spectacular homes in Honolulu.
Popular Honolulu Single-Family Homes Tantalus Homes: Gazing down from the heights of this small mountain, you live on a natural balcony above the city below, as well as the ocean that merges with the sky on the horizon. Your temperatures are distinctly lower up here, too, making for cooler days when it really counts. These Honolulu homes are often clustered close together on steep grades, but the many Mid-Century Hawaii residences still standing on Tantalus make it particularly inviting place to live any time of the year.
Manoa Homes: If Mid-Century is too current for your taste, the early 20th Century houses of Manoa could be what you're seeking. Back in the valley you can indulge yourself in the genteel Old Hawaii atmosphere that reigns here, with a landscape kissed by rain almost daily. Few other places glow so greenly. Coming back here you enter the kamaaina lifestyle of yesteryear – soothing quiet, a large lawn of your own and a welcome absence of anything resembling modern development.
Diamond Head Homes: We're looking specifically at the neighborhood of Diamond Head, not the region. These Honolulu houses stand on some of the best known and in-demand real estate in the world. Many lie on the coast just below the front of the towering landmark, often invisible on their lots that run down the slopes off the main road to the ocean itself. Others sit further back, but always in the assuring shadow of Diamond Head herself. One look at the combination of celebrated scenery plus luxurious homes that define tropical elegance and you understand why living here is like being part of a very exclusive club.
Kahala Homes: Whenever you read about Honolulu homes for sale, those with the top price tags are often in Kahala. You'll find on its streets an incredible mix of modern mansions next door to vintage residences linked to Hawaii's most prominent families of the last 100 years. Purely a low-rise district, the skyline is clear to the eye, allowing the scenery around you to flourish fully. Most noteworthy are the homes that line the oceanfront side of Kahala Ave, which take local luxury to its absolute height.
Hawaii Loa Ridge Homes: Up on this ridge just east of Kahala, your vista is filled with the Pacific Ocean, accompanied by Diamond Head's profile just to the west. With the shoreline close by, this is the perfect place to savor sunsets over those waters each evening. Entrance comes, though, at a very high price point. These are multi-million dollar Honolulu homes. Most were built in the initial development during the 1980's, but the many lots left vacant have now been filled with more and more recent structures. The idea is: When you have a view this spectacular, you need a house that's worthy of it.
Hawaii Kai Homes: Centered around a massive, man-made marina, homes not only line its shores, there are also small peninsula communities, surrounded by water on three sides. The most exclusive residences include personal docks just feet away, allowing them to cruise out to the ocean or even to nearby waterside shopping centers. Set between the urban resources of Metro Honolulu and the preserved natural wonders of Windward Oahu, you live at a crucial point of the Island, with limitless options in either direction.
As everyone knows, though, in Hawaii it's not just the home you live in, it's the life you can have here in the Islands. That's just as much a part of the popularity of our real estate as anything else.
Honolulu Lifestyle - Like Nowhere Else
With no winter and the active lifestyles we live, you'll spend much more time outdoors here. That's where that most important of real estate factors comes in - Location. Along with the options near you, everything on Oahu is within about an hour's drive, no matter where you are. Rush hour excepted, of course.
Drive to the unspoiled North Shore to take in the world class waves, head to Kailua to enjoy a quieter, even more laid back part of Oahu or go out to Ko Olina, the 2nd Waikiki, on the Leeward side of the Island. You'll never run out of places to go and you'll never get tired of the places you do return to over and over.
In the next few years you may not even need to drive, due to the rail system now being built. Someday you will be able to take it from the west side of the Island to Ala Moana Shopping Center and back again. Along with Kakaako, this development will bring major changes, including further building near the rail's route. It's an exciting time to be in Honolulu real estate!
With all of this happening, it's a great time to be entering the home buying market, for yourself or as an investor. Honolulu has it all, from the tropical beaches & weather to the cutting edge schools & medical facilities and the cultural life that could only happen in the rich, diverse community that exists here.
Take it all in and you'll realize why Honolulu residents think it's the best place to live in the world!
Honolulu Houses - Trends & Statistics
The price range of houses for sale in Honolulu is $465K to $22M with a median price of $1.4M, median interior of 2,461sf and median land size of 8,328sf.
The median price of houses sold in Honolulu year-to-date (Jan 19, 2017) is $900K. In previous years it was $1M (2016), $950K (2015), $950K (2014), $887K (2013), $820K (2012), $795K (2011), $810K (2010), $760K (2009), $830K (2008), $850K (2007), $840K (2006), $795K (2005), $650K (2004), $550K (2003).
21 houses have sold in Honolulu year-to-date (Jan 19, 2017). In previous years, the total number of houses sold were 933 (2016), 928 (2015), 863 (2014), 958 (2013), 1009 (2012), 886 (2011), 847 (2010), 761 (2009), 783 (2008), 1040 (2007), 1094 (2006), 1331 (2005), 1379 (2004), 1302 (2003).
On average Honolulu houses were on the market for 67 days before they were sold (Jan 19, 2017). In previous years it was 97 days (2016), 95 days (2015), 89 days (2014), 73 days (2013), 61 days (2012), 64 days (2011), 61 days (2010), 81 days (2009), 74 days (2008), 69 days (2007), 70 days (2006), 57 days (2005), 54 days (2004), 70 days (2003).
The average days on market for Honolulu houses before sold were 101 days December 2016 compared to 100 days December 2015.
The ratio of Honolulu houses sales price vs list price were 96.7% December 2016 compared to 96.4% December 2015.
93 Honolulu houses were sold December 2016 compared to 71 houses sold December 2015.
The total dollar volume of houses currently for sale in Honolulu is $1.08B and the sold dollar volume year-to-date (Jan 19, 2017) is $22.48M. In previous years sold dollar volume was $1.14B (2016), $1.14B (2015), $1.07B (2014), $1.11B (2013), $1.07B (2012), $910.1M (2011), $883.81M (2010), $733.51M (2009), $876.25M (2008), $1.15B (2007), $1.18B (2006), $1.37B (2005), $1.19B (2004), $900.47M (2003).
The most recent sale in Honolulu was a house located at 2359 Kaululaau Street, sold for $180K on Jan 17, 2017. It had 1042sf of interior. 9 other recent sales include: (1,288sf) sold for $485K on 1/17/2017. 2417 Halenoho Place (3,264sf) sold for $825K on 1/17/2017. 1111 15th Avenue (1,140sf) sold for $930K on 1/17/2017. 2527 Kalihi Street (896sf) sold for $625K on 1/13/2017. 461 Kiholo Street (2,196sf) sold for $1.17M on 1/13/2017. 6085 Manukapu Place (2,242sf) sold for $1.15M on 1/13/2017. 643 9th Avenue (1,270sf) sold for $900K on 1/12/2017. 2394 Aina Lani Place (3,851sf) sold for $1.97M on 1/12/2017. 920 6th Avenue (954sf) sold for $835K on 1/12/2017.
175 of the houses have ocean views, 116 have Diamond Head views and 246 have mountain views.