Palolo real estate takes up the entire valley that's cradled between St. Louis Heights on the west and Wilhelmina Rise on the east, with Waialae Ave as its southern border. Like other valleys in Hawaii, the trip from the entrance to the back areas ends you up in a different climate than the one where you started.
Homes in Palolo's far end get noticeably more rain, often on a daily basis, as well as cooler temperatures. The rest of the valley gets plenty of precipitation as well, which explains the flourishing green growth you can't help noticing. Plant lovers will find this a superb place to settle.
Generally, Palalo houses are more affordable than any of the other neighborhoods nearby, which makes it an attractive option for those with lower budgets. Still, it does claim more than a few properties that are worth well over the 7 figure mark.
The average residence, across the board, is a plantation style house, often with single wall construction. This is due to the fact that so many of these structure have remained since that era, all these decades later. Most families tend to stay here for a long time.
Families is the key word as there is a very large percentage of houses with 3, 4 and even 5+ bedrooms here. Perfect for parents with a lot of children or for the many multi-generational households we have in Hawaii.
Some of the most striking Palolo homes are those that line, and even cling to, the slopes on each side. These aren't the most ideal conditions for those with mobility issues or for just loading in the groceries. In exchange, however, those residents get views that take in not only much of the valley and often Diamond Head, some can also see the Pacific from their perch. Not a bad tradeoff.
The locals can easily drive into Kaimuki, Kapahulu or down the way to Kahala and shop or dine at all of their many options. Even Waikiki's beaches are in reach whenever sun or surf is calling you. Add all that to the affordability and you can understand why more and more are flocking to Palolo.
The price range of houses for sale in Palolo is $530K to $1.69M with a median price of $740K, median interior of 1,202sf and median land size of 5,227sf.
The median price of houses sold in Palolo year-to-date (2016) is $776K. In previous years it was $776K (2015), $702K (2014), $700K (2013), $640K (2012), $570K (2011), $590K (2010), $560K (2009), $597K (2008), $565K (2007), $642K (2006), $560K (2005), $465K (2004), $385K (2003).
48 houses have sold in Palolo year-to-date (2016). In previous years, the total number of houses sold were 46 (2015), 46 (2014), 51 (2013), 45 (2012), 38 (2011), 43 (2010), 36 (2009), 36 (2008), 33 (2007), 54 (2006), 59 (2005), 86 (2004), 53 (2003).
On average Palolo houses were on the market for 87 days before they were sold (2016). In previous years it was 88 days (2015), 72 days (2014), 64 days (2013), 62 days (2012), 63 days (2011), 57 days (2010), 61 days (2009), 75 days (2008), 63 days (2007), 61 days (2006), 55 days (2005), 59 days (2004), 60 days (2003).
The average days on market for Palolo houses before sold were 110 days November 2016 compared to 27 days November 2015.
The ratio of Palolo houses sales price vs list price were 98.7% November 2016 compared to 101.3% November 2015.
5 Palolo houses were sold November 2016 compared to 4 houses sold November 2015.
The total dollar volume of houses currently for sale in Palolo is $14.8M and the sold dollar volume year-to-date (2016) is $39.08M. In previous years sold dollar volume was $36.98M (2015), $35.18M (2014), $36.32M (2013), $28.37M (2012), $22.47M (2011), $24.86M (2010), $20.65M (2009), $22.41M (2008), $19.24M (2007), $36.98M (2006), $35.04M (2005), $40.35M (2004), $21.61M (2003).
The most recent sale in Palolo was a house located at 2366 Orchid Street, sold for $930K on Nov 18, 2016. It had 948sf of interior. 9 other recent sales include: 3262 Uilani Place (4,071sf) sold for $1.4M on 11/15/2016. 2241 Waiomao Road (824sf) sold for $460K on 11/9/2016. 1729 10th Avenue (1,248sf) sold for $720K on 11/7/2016. 3284 Loke Place (1,416sf) sold for $790K on 11/7/2016. 3266 Kalua Place (905sf) sold for $710K on 10/28/2016. 1774B Palolo Avenue (800sf) sold for $445K on 10/27/2016. 3425 Pakui Street (954sf) sold for $800K on 10/21/2016. 3484 Kupaa Drive (2,354sf) sold for $990K on 10/21/2016. 1532 Pukele Avenue (3,272sf) sold for $1.61M on 9/29/2016.
1 of the house has ocean views, 2 have Diamond Head views and 14 have mountain views.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2016. Information is deemed reliable but not guaranteed.