About Salt Lake & Moanalua
The Salt Lake & Moanalua neighborhoods took shape initially in the late 1950's once the Damon family sold their vast land holdings in this area, property they inherited from Princess Bernice Puahi Bishop herself. The developers who bought the land only divided the land into lots, selling those primarily to individual buyers to build houses. It didn't take long for condos to move in as well.
The population growth and the housing demand it powered surged beyond expectations beginning in the 1960's and extending well into the 1970's before some slowing finally took place. One of the main areas of Honolulu that saw numerous condos spring up during that time was Salt Lake. Specifically from Puuloa Rd to the Salt Lake Shopping Center, Salt Lake Blvd was covered in multi-story residences from the mauka side of the boulevard northward.
Since that time, Salt Lake condos have remained consistently desirable for the excellent location alone. Close to both the highway as well as most of the major military bases – Pearl Harbor, Hickam AFB and Fort Shafter – the commute time is kept to a minimum for many. The presence of a surprising amount of parkland is another benefit that makes it very attractive, most prominently Salt Lake District Park, which has everything from hiking trails to tennis courts, multi-purpose buildings, a gymnasium and a pool.
You'll find a wide variety of properties here, from the basic condominium buildings of the initial build-up, with their exposed hallways, to more recent additions that have numerous amenities to offer those who enjoy having on-site extras to use.
Neighboring Moanalua doesn't have the high-rise condos of Salt Lake, or even many of the low-rise kind either. This is probably due to the fact that these lots were sold to the individual owners first, so most of that property was claimed once the boom really hit. Those that are there, though, provide a more intimate experience due to the smaller number of units and lower profile.
Moanalua Village is a perfect example, with 25 separate buildings of just 3 floors each. The remarkable thing is that, with just those 3 floors, some units can still see out to the ocean due to the high perch the community sits upon. Where Salt Lake's condos dwell mostly in the area that dips below the boulevard it's named after, Moanalua has high ground throughout that can give you an incredible outlook that's unexpected until seen for yourself.
The condos of both Salt Lake and Moanalua have remained in-demand properties from their first openings five decades ago. You can't argue with great central locations, low commute times and beautiful green surroundings and vistas that can startle those unacquainted with these communities. Maybe it's time for you to meet them.
The price range of condos for sale in Salt Lake/Moanalua is $145K to $789K with a median price of $388K and median interior of 829sf.
The median price of condos sold in Salt Lake/Moanalua year-to-date (2016) is $359K. In previous years it was $335K (2015), $310K (2014), $306K (2013), $275K (2012), $280K (2011), $270K (2010), $295K (2009), $285K (2008), $305K (2007), $289K (2006), $238K (2005), $200K (2004), $170K (2003).
184 condos have sold in Salt Lake/Moanalua year-to-date (2016). In previous years, the total number of condos sold were 231 (2015), 221 (2014), 194 (2013), 205 (2012), 168 (2011), 173 (2010), 162 (2009), 186 (2008), 240 (2007), 273 (2006), 401 (2005), 369 (2004), 282 (2003).
On average Salt Lake/Moanalua condos were on the market for 64 days before they were sold (2016). In previous years it was 67 days (2015), 75 days (2014), 67 days (2013), 43 days (2012), 61 days (2011), 55 days (2010), 52 days (2009), 50 days (2008), 55 days (2007), 50 days (2006), 41 days (2005), 41 days (2004), 45 days (2003).
The average days on market for Salt Lake/Moanalua condos before sold was 69 days November 2016 compared to 60 days November 2015.
The ratio of Salt Lake/Moanalua condos sales price vs list price was 98.9% November 2016 compared to 99.9% November 2015.
13 Salt Lake/Moanalua condos were sold November 2016 compared to 16 condos sold November 2015.
The total dollar volume of condos currently for sale in Salt Lake/Moanalua is $20.01M and the sold dollar volume year-to-date (2016) is $69.91M. In previous years sold dollar volume was $83.7M (2015), $71.57M (2014), $63.49M (2013), $61.35M (2012), $51.51M (2011), $51.05M (2010), $50.19M (2009), $56.66M (2008), $75.88M (2007), $80.61M (2006), $103.21M (2005), $81.53M (2004), $51.75M (2003).
The most recent sale in Salt Lake/Moanalua was a condo located at #101 Fairway Gardens, sold for $345K on Dec 02, 2016. It had 710sf of interior. 9 other recent sales include: #1301 Harbour Ridge (553sf) sold for $300K on 11/30/2016. #1704 Greenwood (854sf) sold for $350K on 11/28/2016. #611 Country Club Village (823sf) sold for $515K on 11/23/2016. #1203 Five Regents (300sf) sold for $144K on 11/21/2016. #1205 Fairway Gardens (688sf) sold for $358K on 11/18/2016. #801 Ilaniwai (790sf) sold for $347K on 11/18/2016. # Century West (795sf) sold for $420K on 11/18/2016. #2011 Country Club Village 2 (1,044sf) sold for $635K on 11/18/2016. #PH112 Country Club Plaza (1,658sf) sold for $665K on 11/10/2016.
In Salt Lake/Moanalua there is currently 46 fee simple and 1 leasehold units for sale. 9 of the condos have ocean views, 1 has Diamond Head views and 22 have mountain views.
There are 2 studio floor plans, 4 x 1 bedroom floor plans, 30 x 2 bedroom floor plans and 11 x 3 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 03, 2016. Information is deemed reliable but not guaranteed.