Manoa, meaning wide or vast, is a quiet, charming green valley neighborhood of approximately 1,000 homes bordered by Makiki to the west and St. Louis Heights to the east. Misty rainbows often umbrella the valley in the wake of the cooling rains that fall here, just 2 miles to the sunny beaches of Waikiki.
A sense of tranquility best describes the feeling surrounding real estate in Manoa, with residents taking great pride in their close-knit community. Besides the University of Hawaii with its approximately 20,000 students, Manoa boasts a number of well respected private schools including Mid Pacific, St. Francis, nearby Punahou, as well as highly rated public schools.
It's no surprise the quality and desirability of the schools have a noticeable affect on Manoa real estate values. Manoa homes for sale are typically valued in the $800K to $2.5M range on lot sizes between 5,000 to 15,000 sq ft.
Insight to Manoa Homes & Neighborhood
Manoa homes often have a charming Asian flair reminiscent of the early Chinese and Japanese immigrants that first settled here as early as the 1920’s. Among all of Honolulu real estate Manoa is probably the area one will find the most vintage, classic colonial and plantation style home designs.
Properties towards the center of the valley are mainly on level lots while the homes along the sides and the back of the valley tend to be on sloped land, with the elevation offering pleasant views of the distant Waikiki Skyline.
There are noticeable micro climates within Manoa. The further back you go into the valley, the more precipitation, which keeps Manoa lush green and tropical. The back of Upper Manoa and Woodlawn even turns into a thick, heavy rainforest. Several hiking trails lead into the Honolulu Watershed Forest Reserve beyond, including the popular Manoa Falls hiking trail which starts past the Lyon Arboretum, a tropical botanical garden.
The centrally located Manoa Valley District Park features huge green lawns, a swimming pool, tennis courts and a gymnasium, often used by school sports teams for practice and competitions.
Manoa Marketplace, a charming mall with a casual small-town feel, includes a Safeway grocery store, Longs Drugstore, a variety of restaurants, banks, bakery, frozen yogurt shop and, not to be missed, Andy's Sandwiches & Smoothies just across the street.
Manoa real estate is set within four distinct areas:
Lower Manoa, located at the entrance to the valley along and in between the two main roads leading into the valley, Manoa Rd and University Ave. It includes all properties north of Wilder Ave and Metcalf St, and south of Lanihuli Dr, Haena Pl and Maili Way. This is the immediate area adjacent to and in between Punahou School and the University of Hawaii campus.
Manoa Area, the central and main section is known for its beautiful tree lined streets on gentle graceful slopes with a dramatic mountain backdrop. This area represents the heart of Manoa homes, taking up about 2/3 of the valley. The area runs along, and in between, Manoa Rd and University Ave, and includes the properties north of Lanihuli Dr, Haena Pl and Maile Way. Also included is Manoa Hillside Estates, a gated community of 60 newer (1991 to 2004) 2-story homes at Kalawao St on mostly steep slope lots on the eastern flank of Manoa Valley.
Upper Manoa includes the lush green back portion of the valley starting in the 3300 block of Huelani Dr, Keahi St, Oahu Ave and Pawaina St, and all of Pinao St, as well as the area starting in the 3400 block of Loulu St and Manoa Rd.
Woodlawn is the northeast back portion of Manoa Valley and includes all properties east of East Manoa Rd from Kahaloa Dr, and north of Kahaloa Dr from East Manoa Rd.
These sub-neighborhoods do have their own unique feel, but all Manoa residents share a sublime lifestyle in one of Honolulu’s most picturesque valleys.
The price range of houses for sale in Manoa is $888K to $2.35M with a median price of $1.39M, median interior of 2,308sf and median land size of 7,653sf.
The median price of houses sold in Manoa year-to-date (Jan 21, 2017) is $1M. In previous years it was $1.17M (2016), $1.2M (2015), $1.06M (2014), $1.09M (2013), $950K (2012), $880K (2011), $922K (2010), $814K (2009), $945K (2008), $950K (2007), $915K (2006), $900K (2005), $749K (2004), $710K (2003).
2 houses have sold in Manoa year-to-date (Jan 21, 2017). In previous years, the total number of houses sold were 57 (2016), 54 (2015), 57 (2014), 59 (2013), 64 (2012), 65 (2011), 54 (2010), 52 (2009), 56 (2008), 61 (2007), 65 (2006), 101 (2005), 94 (2004), 63 (2003).
On average Manoa houses were on the market for 85 days before they were sold (Jan 21, 2017). In previous years it was 99 days (2016), 68 days (2015), 79 days (2014), 75 days (2013), 62 days (2012), 59 days (2011), 65 days (2010), 65 days (2009), 67 days (2008), 60 days (2007), 66 days (2006), 48 days (2005), 59 days (2004), 59 days (2003).
The average days on market for Manoa houses before sold were 56 days December 2016 compared to 78 days December 2015.
The ratio of Manoa houses sales price vs list price were 95.5% December 2016 compared to 98.0% December 2015.
5 Manoa houses were sold December 2016 compared to 3 houses sold December 2015.
The total dollar volume of houses currently for sale in Manoa is $28.84M and the sold dollar volume year-to-date (Jan 21, 2017) is $2M. In previous years sold dollar volume was $70.2M (2016), $67.46M (2015), $65.11M (2014), $69.78M (2013), $64.89M (2012), $67.67M (2011), $53.81M (2010), $48M (2009), $55.99M (2008), $63.53M (2007), $65.12M (2006), $100.7M (2005), $76.06M (2004), $45.05M (2003).
The most recent sale in Manoa was a house located at 3093-A Kahaloa Drive, sold for $952K on Jan 11, 2017. It had 2660sf of interior. 9 other recent sales include: 1924 Mckinley Street (1,687sf) sold for $1.05M on 1/6/2017. 2210 Armstrong Street (4,414sf) sold for $2.55M on 12/30/2016. 3644 Loulu Street (1,964sf) sold for $1.1M on 12/21/2016. 2896 Poelua Street (1,430sf) sold for $1.18M on 12/16/2016. 3302 Oahu Avenue (3,318sf) sold for $1.23M on 12/2/2016. 2235 Seaview Avenue (3,343sf) sold for $2.3M on 11/30/2016. 3365 Loulu Street (2,316sf) sold for $1.31M on 11/25/2016. 2952 Kahawai Street (2,046sf) sold for $1.3M on 11/10/2016. 3339 Anoai Place (2,215sf) sold for $1.05M on 11/4/2016.
2 of the houses have ocean views, 5 have Diamond Head views and 15 have mountain views.