Kaimuki - the neighborhood where world-famous Hawaiian musician Iz grew up - is conveniently located on the mauka (mountain) side of Diamond Head Crater with Kapahulu to the west and Kahala to the east. Some of Kaimuki’s perimeter streets include Kapahulu Ave between Waialae Ave and Kaimuki Ave, Kaimuki Ave, 6th Ave, Alohea Ave, Kilauea Ave up to Luawai St, Luawai St, Waialae Ave between 21st Ave and back to Kapahulu Ave.
The gently rolling hills of Kaimuki are filled with predominantly charming older homes, sometimes owned for generations without ever having sold. Kaimuki homes for sale are typically valued between $700,000 to $1.3M, often on relatively modest lots, mostly between 3,000 and 6,000 sq ft.
Insight to Kaimuki Homes & Neighborhood
Most of Kaimuki real estate was built prior to the 1940’s with some as early as the 1910’s. Slowly, one by one, older homes in Kaimuki are giving way to new construction scattered throughout the area, as this sunny neighborhood is being re-discovered and valued for its excellent central location among the real estate in Honolulu.
Pu’Uo Kaimuki Park, a small park with nice views, marks the highest elevation in the heart of sprawling residential Kaimuki and is part of the rim of a small extinct volcanic crater.
Kaimuki has attracted a wide variety of renowned restaurants, coffee shops, bakeries and small stores, and is enjoying a recent revival of its small business district, running confined along Waialae Ave and Kapahulu Ave. Even with these additions, Kaimuki has managed to keep its old charm and small town feel. Close by is the weekend outdoor Farmer’s Market at Kapiolani Community College, popular with both residents and tourists, offering a great variety of fresh fruits, vegetables and much more from local farmers.
With its convenient central location and step by step revitalization it is no surprise Kaimuki real estate is in ever growing demand.
The price range of houses for sale in Kaimuki is $730K to $4.63M with a median price of $995K, median interior of 1,914sf and median land size of 4,500sf.
The median price of houses sold in Kaimuki year-to-date (Jan 16, 2017) is $900K. In previous years it was $1.01M (2016), $890K (2015), $867K (2014), $828K (2013), $800K (2012), $715K (2011), $818K (2010), $838K (2009), $810K (2008), $791K (2007), $760K (2006), $745K (2005), $598K (2004), $504K (2003).
3 houses have sold in Kaimuki year-to-date (Jan 16, 2017). In previous years, the total number of houses sold were 43 (2016), 61 (2015), 50 (2014), 54 (2013), 63 (2012), 58 (2011), 48 (2010), 43 (2009), 40 (2008), 46 (2007), 47 (2006), 67 (2005), 67 (2004), 60 (2003).
On average Kaimuki houses were on the market for 77 days before they were sold (Jan 16, 2017). In previous years it was 70 days (2016), 90 days (2015), 75 days (2014), 49 days (2013), 47 days (2012), 66 days (2011), 43 days (2010), 63 days (2009), 45 days (2008), 46 days (2007), 56 days (2006), 32 days (2005), 32 days (2004), 55 days (2003).
The average days on market for Kaimuki houses before sold were 51 days December 2016 compared to 97 days December 2015.
The ratio of Kaimuki houses sales price vs list price were 98.6% December 2016 compared to 98.7% December 2015.
9 Kaimuki houses were sold December 2016 compared to 5 houses sold December 2015.
The total dollar volume of houses currently for sale in Kaimuki is $14.19M and the sold dollar volume year-to-date (Jan 16, 2017) is $2.93M. In previous years sold dollar volume was $45.28M (2016), $55.69M (2015), $45.51M (2014), $46.41M (2013), $50.18M (2012), $42M (2011), $37.69M (2010), $34.54M (2009), $33.6M (2008), $37.07M (2007), $35.58M (2006), $48.73M (2005), $39.13M (2004), $31.45M (2003).
The most recent sale in Kaimuki was a house located at 643 9th Avenue, sold for $900K on Jan 12, 2017. It had 1270sf of interior. 9 other recent sales include: 920 6th Avenue (954sf) sold for $835K on 1/12/2017. 714 16th Avenue (2,624sf) sold for $1.2M on 1/4/2017. 951 Luawai Street (1,212sf) sold for $975K on 12/30/2016. 4106 Pahoa Avenue (3,168sf) sold for $1.09M on 12/30/2016. 707 10th Avenue (850sf) sold for $805K on 12/30/2016. 805 Luawai Street (1,490sf) sold for $995K on 12/30/2016. 1107 1st Avenue (912sf) sold for $770K on 12/27/2016. 1115C 2nd Avenue (592sf) sold for $665K on 12/27/2016. 631 10th Avenue (1,076sf) sold for $1.13M on 12/22/2016.
3 of the houses have ocean views, 3 have Diamond Head views and 5 have mountain views.