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 $925K to $1.95M with a median price of $1.29M, median interior of 2,126sf and median land size of 4,899sf.
The historic median sales price of houses sold in Kapahulu was $960K (2016), $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).
0 houses have sold in Kapahulu year-to-date (Jan 21, 2017). In previous years, the total number of houses sold were 34 (2016), 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).
Historically, the average number of days it took to sell houses in Kapahulu was 68 days (2016), 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 41 days December 2016 compared to 64 days December 2015.
The ratio of Kapahulu houses sales price vs list price were 99.0% December 2016 compared to 93.0% December 2015.
4 Kapahulu houses were sold December 2016 compared to 1 house sold December 2015.
The total dollar volume of houses currently for sale in Kapahulu is $5.47M . The sold dollar volume in previous years was $34.96M (2016), $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 3254 Makini Street, sold for $950K on Dec 21, 2016. It had 1860sf of interior. 9 other recent sales include: 3303 Duval Street (609sf) sold for $699K on 12/8/2016. 3602 Leahi Avenue (1,250sf) sold for $665K on 12/8/2016. 3330 Wauke Street (1,224sf) sold for $1.12M on 12/2/2016. 3415 Kanaina Avenue (1,092sf) sold for $999K on 11/30/2016. 415 Kapahulu Avenue (1,044sf) sold for $830K on 11/10/2016. 3146 Olu Street (1,085sf) sold for $920K on 10/19/2016. 3218 Herbert Street (1,528sf) sold for $950K on 10/5/2016. 3280 Winam Avenue (5,327sf) sold for $1.8M on 9/30/2016. 3272 Mokihana Street (2,416sf) sold for $1.12M on 9/16/2016.
1 of the house has ocean views, 2 have Diamond Head views and 3 have mountain views.