About Hawaii Kai Condos & Townhomes
Honolulu’s luxury marina community began life with the original home developments in the early 1960’s when Henry Kaiser transformed ponds and farms into a truly modern neighborhood. The central developed marina area take up more than 500 of the entire 6,000 acres that make up Hawaii Kai.
The first condos in Hawaii Kai were developed in the 1970’s with the first Hawaii Kai townhomes being built in 1968 in the form of the iconic Koko Isle, surrounded by water on all sides. Hawaii Kai condos for sale range between $400K for a 1 BR, up to $1.5M for units in the luxury low rise complex Kalele Kai. Hawaii Kai today includes about 10,000 households and is bordered by Kuliouou and Paiko Lagoon to the west and stretches to Makapuu Point, Oahu’s most eastern shore.
Kalele Kai, a mid-rise 6-story complex with generous-size condos as well as the Esplanade, with its many amenities, are very popular choices for marina front condo living. Some high-rise condos in Hawaii Kai, though not right on the marina, offer incredible marina and ocean views from their heights. This unique combination of marina and ocean views is not found in other Honolulu condos outside Hawaii Kai.
A new condo project, marketed at one point as Hale Ka Lae, was in the planning stage at one point and could have been Hawaii Kai’s first new condo project in almost a decade.
Hawaii Kai Neighborhood
Life in this part of Oahu is something special because so much of it is centered around the water. Other areas have their beaches, but none have a close-knit marina community with waterfront homes, condos, shopping, and green parks too.
Everyday errands are often done differently here. Residents commonly ride their boat for a quick trip over for groceries, dinner or even a movie. At Christmas they dress up their vessels with lights and displays for the annual Hawaii Kai marina holiday parade, to the delight of young and old.
When it's time for something different, you always got options. Hike to the top of Koko Head and Koko Crater for exercise and the rewarding views, or enjoy the awesome waves at Sandy Beach. Snorkel among a serene school of tropical fish at Hanauma Bay, an amazing world famous fish sanctuary, and leave your worries behind.
All the conveniences are nearby too. From the stocked shelves at Costco to your choice of restaurants in the 3 shopping centers that cover fine dining to casual refueling. Plus, there are enough stores to keep even the most active shopper happy. Hawaii Kai also has several medical clinics, including Straub, Kaiser & Queen's.
There are many townhomes and condos in Hawaii Kai, but keep in mind that marina front has all been developed, making it impossible to add any more marina front condos. A finite market makes for excellent long term upside potential. Come to Hawaii Kai and start enjoying the exciting marina lifestyle.
Hawaii Kai Condos - Trends & Statistics
The price range of condos for sale in Hawaii Kai is $400K to $1.49M with a median price of $681K and median interior of 1,312sf.
The median price of condos sold in Hawaii Kai year-to-date (Jan 20, 2017) is $615K. In previous years it was $625K (2016), $600K (2015), $600K (2014), $550K (2013), $525K (2012), $509K (2011), $525K (2010), $495K (2009), $537K (2008), $540K (2007), $569K (2006), $500K (2005), $405K (2004), $311K (2003).
5 condos have sold in Hawaii Kai year-to-date (Jan 20, 2017). In previous years, the total number of condos sold were 205 (2016), 180 (2015), 187 (2014), 217 (2013), 195 (2012), 176 (2011), 201 (2010), 182 (2009), 194 (2008), 245 (2007), 250 (2006), 310 (2005), 287 (2004), 264 (2003).
On average Hawaii Kai condos were on the market for 97 days before they were sold (Jan 20, 2017). In previous years it was 85 days (2016), 71 days (2015), 82 days (2014), 55 days (2013), 62 days (2012), 53 days (2011), 45 days (2010), 80 days (2009), 61 days (2008), 71 days (2007), 71 days (2006), 41 days (2005), 36 days (2004), 50 days (2003).
The average days on market for Hawaii Kai condos before sold was 83 days December 2016 compared to 78 days December 2015.
The ratio of Hawaii Kai condos sales price vs list price was 98.2% December 2016 compared to 98.8% December 2015.
19 Hawaii Kai condos were sold December 2016 compared to 15 condos sold December 2015.
The total dollar volume of condos currently for sale in Hawaii Kai is $32.01M and the sold dollar volume year-to-date (Jan 20, 2017) is $3.08M. In previous years sold dollar volume was $134.08M (2016), $116.05M (2015), $120.03M (2014), $126.36M (2013), $107.38M (2012), $92.93M (2011), $109.71M (2010), $91.69M (2009), $107.16M (2008), $138.07M (2007), $145.66M (2006), $164.13M (2005), $123.21M (2004), $88.14M (2003).
The most recent sale in Hawaii Kai was a condo located at #361 , sold for $1.19M on Jan 19, 2017. It had 1640sf of interior. 9 other recent sales include: #1105 (1,238sf) sold for $665K on 1/12/2017. #2/3D (1,211sf) sold for $530K on 1/12/2017. #1408 (1,238sf) sold for $660K on 1/12/2017. #202 (1,626sf) sold for $450K on 1/6/2017. #1081 (1,557sf) sold for $820K on 1/3/2017. #2/18J (1,303sf) sold for $615K on 1/3/2017. #50 (1,522sf) sold for $865K on 12/30/2016. #21K (1,083sf) sold for $645K on 12/29/2016. #1103 (733sf) sold for $435K on 12/29/2016.
In Hawaii Kai there is currently 41 fee simple and 3 leasehold units for sale. 13 of the condos have ocean views, 1 has Diamond Head views and 30 have mountain views.
There are 3 x 1 bedroom floor plans, 19 x 2 bedroom floor plans, 20 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.