About Makakilo Townhomes & Condos
Though Makakilo begins at the foot of the hills, just on the other side of the highway from Kapolei, it quickly climbs up those heights, so most of its homes sit high above the Ewa plain. Townhomes and condos in Makakilo have been an integral part of its development from the start, becoming a large percentage of the residences here.
This is immediately clear from looking at different developments that represent not just the march of this build-up, but how it's taken varied shapes at all levels of the hillside.
The Makakilo Hale, for instance, were built in the mid-1970's well up the mountainside, just below Mauka Lani Elementary School. Both feature roomy 2, 3 and 4 bedrooms layouts with 212 total units between them. Their vintage shows it was clear even in the earliest stages of Makakilo's build up that the condo model would find significant growth here.
Though the Hale homes' exteriors are a little plain, in keeping with the time of their building, later additions, such as the Westview at Makakiolo Heights townhouses, built in 1994, show a new concern with design.
These units, higher up the hills and to the west, have brightly colored buildings, white fenced stairways and tropical plants throughout, reflecting both their time and a catering to a higher price range. The ocean views and sweeping vistas from these levels doesn't hurt either, laying out miles of both Oahu and the Pacific swells before you.
The newest homes aren't necessarily at the top, however. DR Horton, Schuler is now adding a new neighborhood, Makakilo-Kahiwelo toward the base of the hillside, mixing both houses and townhomes together in another subdivision also geared to a higher end, though not the highest, for those seeking generous dimensions near, but not in, booming Kapolei.
The common thread of all these residences is that, for most, a yard, lanai, deck or sometimes even all three are included in the bargain. At a certain height, it also can mean an incredible outlook that can take in Diamond Head sitting miles away to the east. Your vantage point can be that good.
The open landscape of Makakilo has been developed, but never to the point of living shoulder-to-shoulder as in urban Honolulu. You reap the benefits of the Ewa lifestyle and expectations, built upon open spaces, larger lots and wide horizons.
The price range of condos for sale in Makakilo is $250K to $589K with a median price of $370K and median interior of 1,113sf.
The median price of condos sold in Makakilo year-to-date (2016) is $350K. In previous years it was $317K (2015), $290K (2014), $265K (2013), $255K (2012), $250K (2011), $240K (2010), $241K (2009), $299K (2008), $319K (2007), $320K (2006), $278K (2005), $200K (2004), $159K (2003).
130 condos have sold in Makakilo year-to-date (2016). In previous years, the total number of condos sold were 147 (2015), 96 (2014), 93 (2013), 85 (2012), 71 (2011), 76 (2010), 79 (2009), 83 (2008), 132 (2007), 187 (2006), 191 (2005), 213 (2004), 172 (2003).
On average Makakilo condos were on the market for 67 days before they were sold (2016). In previous years it was 73 days (2015), 83 days (2014), 77 days (2013), 49 days (2012), 72 days (2011), 94 days (2010), 72 days (2009), 68 days (2008), 62 days (2007), 57 days (2006), 25 days (2005), 28 days (2004), 40 days (2003).
The average days on market for Makakilo condos before sold was 54 days November 2016 compared to 44 days November 2015.
The ratio of Makakilo condos sales price vs list price was 101.4% November 2016 compared to 100.2% November 2015.
9 Makakilo condos were sold November 2016 compared to 10 condos sold November 2015.
The total dollar volume of condos currently for sale in Makakilo is $11.65M and the sold dollar volume year-to-date (2016) is $47.35M. In previous years sold dollar volume was $48.65M (2015), $29.4M (2014), $26.26M (2013), $22.1M (2012), $19.17M (2011), $19.32M (2010), $20.34M (2009), $26.24M (2008), $44.01M (2007), $65.07M (2006), $53.01M (2005), $43.37M (2004), $27.75M (2003).
The most recent sale in Makakilo was a condo located at #R204 Westview At Makakilo Hts 2, sold for $321K on Dec 01, 2016. It had 796sf of interior. 9 other recent sales include: #54 Palehua Gardens (897sf) sold for $335K on 11/23/2016. #D205 Westview At Makakilo Hts (742sf) sold for $315K on 11/23/2016. #80 Palehua Hale 3 (1,347sf) sold for $406K on 11/23/2016. #20-203 Makakilo Cliffs (760sf) sold for $310K on 11/17/2016. #20 Makakilo Hale 1 (1,173sf) sold for $365K on 11/16/2016. #1-103 Makakilo Cliffs (760sf) sold for $318K on 11/16/2016. #103 OCEAN RIDGE AT MAKAKILO (1,529sf) sold for $553K on 11/10/2016. #V202 Westview At Makakilo Hts 2 (843sf) sold for $336K on 11/7/2016. #57 Palehua Hillside (1,330sf) sold for $435K on 11/3/2016.
In Makakilo there is currently 30 fee simple and 1 leasehold units for sale. 18 of the condos have ocean views, 4 have Diamond Head views and 6 have mountain views.
There are 12 x 2 bedroom floor plans, 16 x 3 bedroom floor plans and 3 x 4 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2016. Information is deemed reliable but not guaranteed.