The Kapahulu neighborhood is bordered by Kaimuki in the east, Kapiolani in the west, as well as Diamond Head in the south. Kapahulu developed rapidly along Kapahulu Ave, it’s main road, once the Ala Wai Canal, a man-made drainage canal completed in 1920, turned Waikiki’s former swampland into a buildable tourist destination. Waikiki’s resulting building boom quickly extended outwards along busy Kapahulu Ave, one of only 4 main traffic arteries to enter Waikiki. Kapahulu homes for sale typically range between $700K to $1.2M on mostly modest lots between 2,000 to 6,000 sq ft.
Kapahulu today consists of three distinct areas:
- The residential area east of Kapahulu Ave, up to 6th Ave and Alohea Ave, made up mostly of charming older single family homes and often viewed as an extension of residential Kaimuki.
- The business district and main road, Kapahulu Ave, with shopping and a few medium density apartment buildings.
- The residential area west of Kapahulu Ave, which includes some older single family homes mixed with some medium density apartment buildings, bounded by Olokele Ave and Date St.
The Kapahulu neighborhood also includes the bordering streets of Kaimuki Ave in the north and Leahi Ave & Monsarrat Ave in the south. Kapahulu Ave marks the central spine of Kapahulu, with a number of excellent diverse restaurants and specialty shops. A large-scale Safeway grocery anchor store in a newer (2007) mall with close to 30 additional smaller shops and eateries is part of Kapahulu’s business district revival.
Some of Kapahulu’s decades old classic local favorites include the iconic Rainbow Drive-Inn with their popular plate lunches, Leonard’s Bakery with their fresh malasadas, and Waiola Shave Ice. Even Barack Obama has, allegedly, been spotted here. Crane Park’s always busy basketball courts are a popular spot for outdoor activities. Close by are the Ala Wai Golf Course and, of course, Waikiki Beach.
A good number of the original homes were built before the 1940’s and newer properties are slowly replacing the old. Modernization combined with a very convenient location makes Kapahulu an attractive part of the Honolulu real estate market for many.
The price range of houses for sale in Kapahulu is $650K to $1.85M with a median price of $999K, median interior of 1,224sqf and median land size of 4,625sqf.
The median price of houses sold in Kapahulu year-to-date (Jan - Oct 25, 2016) is $990K. In previous years it was $929K (2015), $820K (2014), $818K (2013), $705K (2012), $750K (2011), $679K (2010), $660K (2009), $705K (2008), $700K (2007), $659K (2006), $682K (2005), $562K (2004), $437K (2003).
28 houses have sold in Kapahulu year-to-date (Jan - Oct 25, 2016). In previous years, the total number of houses sold were 30 (2015), 24 (2014), 26 (2013), 28 (2012), 25 (2011), 26 (2010), 23 (2009), 22 (2008), 21 (2007), 26 (2006), 28 (2005), 36 (2004), 29 (2003).
On average Kapahulu houses were on the market for 68 days before they were sold (Jan - Oct 25, 2016). In previous years it was 76 days (2015), 72 days (2014), 52 days (2013), 49 days (2012), 30 days (2011), 44 days (2010), 83 days (2009), 41 days (2008), 50 days (2007), 45 days (2006), 46 days (2005), 45 days (2004), 45 days (2003).
The average days on market for Kapahulu houses before sold were 111 days September 2016 compared to 56 days September 2015.
The ratio of Kapahulu houses sales price vs list price were 98.8% September 2016 compared to 98.3% September 2015.
5 Kapahulu houses were sold September 2016 compared to 3 houses sold September 2015.
The total dollar volume of houses currently for sale in Kapahulu is $9.65M and the sold dollar volume year-to-date (Jan - Oct 25, 2016) is $29.7M. In previous years sold dollar volume was $29.1M (2015), $21.04M (2014), $21.77M (2013), $20.37M (2012), $19.49M (2011), $18.8M (2010), $16.14M (2009), $15.94M (2008), $14.98M (2007), $17.22M (2006), $19M (2005), $20.29M (2004), $13.04M (2003).
The most recent sale in Kapahulu was a house located at 3146 Olu Street, sold for $920K on Oct 19, 2016. It had 1085sqf of interior. 9 other recent sales include: 3218 Herbert Street (1,528sqf) sold for $950K on 10/5/2016. 3280 Winam Avenue (5,327sqf) sold for $1.8M on 9/30/2016. 3272 Mokihana Street (2,416sqf) sold for $1.12M on 9/16/2016. 3127 Kaunaoa Street (1,872sqf) sold for $1.28M on 9/14/2016. (1,649sqf) sold for $1.7M on 9/12/2016. 3540 Mccorriston Street (1,112sqf) sold for $950K on 9/8/2016. 3122 Hinano Street (920sqf) sold for $1.01M on 8/25/2016. 3138 Esther Street (1,173sqf) sold for $800K on 8/12/2016. 3350 Esther Street (1,862sqf) sold for $1.14M on 8/5/2016.
1 of the house has ocean views, 4 have Diamond Head views and 3 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.