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 $695K to $4.63M with a median price of $995K, median interior of 1,845sf and median land size of 4,860sf.
The median price of houses sold in Kaimuki year-to-date (2016) is $994K. In previous years it was $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).
40 houses have sold in Kaimuki year-to-date (2016). In previous years, the total number of houses sold were 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 71 days before they were sold (2016). In previous years it was 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 54 days November 2016 compared to 52 days November 2015.
The ratio of Kaimuki houses sales price vs list price were 101.7% November 2016 compared to 100.0% November 2015.
5 Kaimuki houses were sold November 2016 compared to 4 houses sold November 2015.
The total dollar volume of houses currently for sale in Kaimuki is $27.22M and the sold dollar volume year-to-date (2016) is $41.43M. In previous years sold dollar volume was $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 3266 Lincoln Avenue, sold for $710K on Nov 23, 2016. It had 1446sf of interior. 9 other recent sales include: 831-A 10th Avenue (1,004sf) sold for $820K on 11/18/2016. 4020 Iwalani Place (1,866sf) sold for $1.04M on 11/18/2016. 4018 Kaimuki Avenue (1,168sf) sold for $1.07M on 11/4/2016. 3390 Maunaloa Avenue (856sf) sold for $655K on 11/3/2016. 1020-A 14TH Avenue (1,296sf) sold for $840K on 10/31/2016. 3233 Harding Avenue (1,563sf) sold for $959K on 10/28/2016. 1012B 12th Avenue (960sf) sold for $915K on 10/21/2016. 3726 Harding Avenue (2,628sf) sold for $1.45M on 10/18/2016. 4012 Harding Avenue (1,188sf) sold for $890K on 10/14/2016.
5 of the houses have ocean views, 4 have Diamond Head views and 11 have mountain views.
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.