About Punchbowl Homes
Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.
Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same place.
Lower has been especially taken up with condominiums in recent decades, being closer to town and its flatter lands making it more accommodating to those structures.
Turn your eyes up the slopes and now you're looking at the Upper area, which holds the vast majority of Punchbowl houses – and what homes they are! These hills here were where middle to upper class Honolulu families first settled in the early 20th Century and many of those original residences stand proudly still.
Those early residents enjoyed the very same attractions that draw so many today. The high ground creates a lookout that takes in the prime areas of Honolulu – the new Kakaako, the Capitol and Downtown. Just a little further out from those, you're treated to the blanket of blue ocean laid out all along the horizon as well.
These can all be enjoyed from the numerous vintage Island houses that come on the market, some designed by famed architect Vladimir Ossipoff. These kamaaina homes perpetuate the genteel lifestyle those original residents reveled in for the enjoyment of today's home buyer.
New or vintage, a house here will cost you more than many other areas of Honolulu. Scan the Punchbowl real estate listings and a you'll see many priced at over $1M.
Unlike some areas, however, where the price is elevated just for being there, the perks of living on these hills are abundantly clear. Looking out at the city below you and the waves beyond, you know exactly what you paid for and why it was worth every bit of it.
The price range of houses for sale in Punchbowl is $325K to $1.75M with a median price of $1.05M, median interior of 1,620sf and median land size of 6,600sf.
The median price of houses sold in Punchbowl year-to-date (2016) is $880K. In previous years it was $970K (2015), $785K (2014), $734K (2013), $705K (2012), $599K (2011), $669K (2010), $640K (2009), $639K (2008), $654K (2007), $700K (2006), $626K (2005), $488K (2004), $438K (2003).
36 houses have sold in Punchbowl year-to-date (2016). In previous years, the total number of houses sold were 45 (2015), 20 (2014), 30 (2013), 20 (2012), 19 (2011), 31 (2010), 19 (2009), 31 (2008), 46 (2007), 30 (2006), 36 (2005), 36 (2004), 44 (2003).
On average Punchbowl houses were on the market for 115 days before they were sold (2016). In previous years it was 124 days (2015), 80 days (2014), 104 days (2013), 52 days (2012), 84 days (2011), 106 days (2010), 39 days (2009), 69 days (2008), 70 days (2007), 81 days (2006), 58 days (2005), 65 days (2004), 84 days (2003).
The average days on market for Punchbowl houses before sold were 142 days November 2016 compared to 172 days November 2015.
The ratio of Punchbowl houses sales price vs list price were 76.4% November 2016 compared to 98.1% November 2015.
7 Punchbowl houses were sold November 2016 compared to 5 houses sold November 2015.
The total dollar volume of houses currently for sale in Punchbowl is $11.56M and the sold dollar volume year-to-date (2016) is $33.35M. In previous years sold dollar volume was $48.49M (2015), $15.98M (2014), $21.27M (2013), $13.66M (2012), $11.17M (2011), $21.46M (2010), $11.54M (2009), $19.44M (2008), $31.03M (2007), $19.62M (2006), $22.61M (2005), $17.49M (2004), $19.64M (2003).
The most recent sale in Punchbowl was a house located at 1638 Kamamalu Avenue, sold for $285K on Nov 25, 2016. It had 1040sf of interior. 9 other recent sales include: 2555 Kekuanoni Street (1,650sf) sold for $675K on 11/23/2016. 2401 Pauoa Road (2,700sf) sold for $1.05M on 11/23/2016. 2472 Booth Road (1,510sf) sold for $860K on 11/23/2016. 2465 Booth Road (982sf) sold for $750K on 11/22/2016. (2,207sf) sold for $900K on 11/15/2016. 2029 Puowaina Drive (800sf) sold for $680K on 11/10/2016. 2157 Kanealii Avenue (765sf) sold for $630K on 10/19/2016. 45 Prospect Street (1,460sf) sold for $680K on 10/11/2016. 982 Prospect Street (1,934sf) sold for $900K on 10/11/2016.
3 of the houses have ocean views and 5 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.