North Shore News
The Turtle Bay Resort on Oahu's North Shore is in early stage planning to expand the resort with an additional hotel, new golf courses & more.
About Oahu's North Shore
Every winter the roads to the North Shore of Oahu become one long caravan. Everybody wants to see those waves. You'll commonly hear excited talk about 20 or 30 foot breakers rolling in up there. The truth is, they're really a lot bigger. The actual height of the waves are two to three times the stated measurement because it's scaled. A '7 foot wave' is more like 15 to 20 feet high in real terms. As confusing as this system is, it fits the North Shore culture perfectly.
North Shore Oahu real estate likes to be understated, too. The desire to remain small is a common theme on the North Shore. Though increasing crowds come to watch the swells, you won't find a community building up in response to this windfall of potential business. You do have some development happening, mainly around Haleiwa, but all of it on a very modest sized, low-rise basis. The local battle cry of 'Keep the Country Country' is more than a slogan, it's a line in the sand.
There's nothing even resembling a high-rise condo up here. In fact, it can sometimes be difficult to even see the houses if you're just driving through. North Shore homes are often set back from the main roads, shielded from traffic and view by not only distance but walls or natural enclosures. The separation is testimony to local residents' love of privacy and quiet as well as a prevalent streak of independence.
The North Shore takes in the area from Mokuleia in the west, arcing eastward to end in Laie. It truly is, as they'll proudly tell you, Country. Traveling through these locales, which include hillside communities as well as oceanside, you're usually on 2 lane roads surrounded by an environment that is definitively rural. For stretches you won't see any buildings or homes. You're a world away from Oahu's southern coast.
Outsiders, if they do know any parts of North Shore's real estate, tend to think of Haleiwa. It's understandable, because it does have a center of sorts, with restaurants and stores selling the work of local artists and craftsmen, along with the expected surf gear. Its laid back feel and the buildings either modeled on the old plantation style or actually from that era add greatly to the charm.
North Shore Neighborhoods
Those looking at North Shore real estate, however, have a much wider range of places they should consider, each providing something a little different, while remaining distinctly of this area.
Mokuleia: Travel far enough west across the Northern coastline of Oahu and you'll end up in Mokuleia. That's also where your travels will end because you can't go any further on the coast past here. Homes in this part of Oahu's North Shore are a mix of quaint beach cottages and huge estate lots. Tell someone you live on Crozier Drive and you'll see their eyes light up, imagining the incredible oceanfront properties this street is famous for in Hawaii. A must see for ocean loving home shoppers.
Kawailoa: Lying immediately north of Haleiwa Town, but just south of Waimea Bay is the neighborhood of Kawailoa, sometimes called the North Shore's Kahala. All these North Shore Oahu homes are walking distance to the beach. Some lots have an acre of beachfront property and the white sands here are the envy of the Island. Special attention should be paid to Papailoa Road for those seeking some of the best luxury living on the North Shore.
Pupukea: This collection of homes falls under Haleiwa's umbrella, but lies west of Waimea Bay. Just a couple of minutes inland from Kam Hwy, after a few steep turns, you'll enter a community of 1 to 2 acre lots. These could be described as semi-rural, luxury properties, known for the collection of animals out and about. These large houses revel in their expansive properties, sporting horses, chickens, dogs and other wildlife that bring a vitality to the district.
Sunset: Further west is the famous district of Sunset, yet another neighborhood that has Haleiwa as their mailing address. The waves are notoriously massive off these shores, making your view from these upscale oceanfront homes awe-inspiring. You have a permanent front-seat on sights that cause traffic jams.
Turtle Bay: Not a neighborhood, but a top resort that's almost on the northernmost point of Oahu, located with the Kuilima neighborhood. You live the genteel tropical beach life here. It's the Permanent Vacation so many envision in their dreams. This dream is reality as the owner of one of the Ocean Villas, Turtle Bay's luxury beachfront condos. Low-rise, they fit right into the North Shore Oahu's real estate tradition, featuring up to 4 bedrooms. Swim, surf, beachcomb, then head to the resort's golf course, restaurants or even do some shopping, all without going outside the property gates. A very unique entry in Oahu’s real estate market.
Laie: Completing the North Shore arc as its southeastern point, Laie is well known for being the site of Brigham Young University and the Polynesian Cultural Center. This is a small, tropical town, though, with some beautiful beaches that echo old Hawaii. So quiet and in such unspoiled settings, you feel like you're discovering these stretches of sand. If you wish to have the Pacific as your daily backdrop, you should look at the Naupaka St homes on the Laniloa Peninsula. The peninsula sticks right out into the ocean, so houses on both sides get incredible views of the waters and coastline. Most homes in Laie are modest, reflecting the low maintenance, no worries lifestyle of this place. The exceptions are some magnificent oceanfront estate properties that take in anywhere from 10,000 sq ft to as much as 3 acres of real estate.
Buying a home on Oahu's North Shore is an adventure. You're diving into a unique way of life, different even from parts of Oahu just a few miles away. It's a throwback to the old, smaller scale Hawaii, where Man and Nature meet on a more equal footing. Shopping malls, high-rise buildings and multi-lane highways are forbidden here and, as long as the community can help it, they will remain so.
The North Shore lands & lifestyle are fiercely protected and, after seeing what has happened to other parts of the Island, you can understand why. There's a determination not to go the way of so many other Oahu towns.
Make your home on Oahu's North Shore and your days will be full of restful quiet, occasionally broken by the crowing of a rooster, the dull roar of the surf and your neighbors happily exchanging a 'Howzit?!'. If you don't know what that sounds like, it's time for you to visit the North Shore.
North Shore Houses - Trends & Statistics
The price range of houses for sale in North Shore is $549K to $20M with a median price of $1.59M, median interior of 1,746sf and median land size of 7,518sf.
The median price of houses sold in North Shore year-to-date (Jan 24, 2017) is $790K. In previous years it was $800K (2016), $837K (2015), $738K (2014), $705K (2013), $650K (2012), $580K (2011), $625K (2010), $697K (2009), $807K (2008), $775K (2007), $882K (2006), $809K (2005), $585K (2004), $350K (2003).
11 houses have sold in North Shore year-to-date (Jan 24, 2017). In previous years, the total number of houses sold were 115 (2016), 100 (2015), 102 (2014), 116 (2013), 88 (2012), 90 (2011), 83 (2010), 66 (2009), 62 (2008), 83 (2007), 94 (2006), 153 (2005), 151 (2004), 153 (2003).
On average North Shore houses were on the market for 46 days before they were sold (Jan 24, 2017). In previous years it was 124 days (2016), 106 days (2015), 107 days (2014), 96 days (2013), 86 days (2012), 83 days (2011), 92 days (2010), 119 days (2009), 106 days (2008), 103 days (2007), 79 days (2006), 75 days (2005), 65 days (2004), 71 days (2003).
The average days on market for North Shore houses before sold were 78 days December 2016 compared to 78 days December 2015.
The ratio of North Shore houses sales price vs list price were 97.7% December 2016 compared to 94.9% December 2015.
5 North Shore houses were sold December 2016 compared to 10 houses sold December 2015.
The total dollar volume of houses currently for sale in North Shore is $200.03M and the sold dollar volume year-to-date (Jan 24, 2017) is $10.16M. In previous years sold dollar volume was $143.5M (2016), $99.11M (2015), $93.32M (2014), $113.36M (2013), $80.74M (2012), $70.69M (2011), $59.78M (2010), $63.37M (2009), $69.48M (2008), $85.16M (2007), $110.06M (2006), $163.87M (2005), $126.6M (2004), $76.51M (2003).
The most recent sale in North Shore was a house located at 65-1051 Poamoho Street, sold for $1.2M on Jan 20, 2017. It had 1949sf of interior. 9 other recent sales include: 62-150 Emerson Road (520sf) sold for $599K on 1/20/2017. 66-113 Nalimu Road (1,044sf) sold for $800K on 1/17/2017. 56-098 Makaiau Place (1,008sf) sold for $580K on 1/13/2017. 55-431 Iosepa Street (1,528sf) sold for $950K on 1/11/2017. 67-239 Farrington Highway (850sf) sold for $685K on 1/11/2017. 68-265 Olao Place (3,370sf) sold for $1.68M on 1/10/2017. 59-520 Hoalike Road (1,417sf) sold for $1.4M on 1/9/2017. 66-419 Paalaa Road (1,512sf) sold for $790K on 1/9/2017. 56-363 Huehu Street (2,254sf) sold for $645K on 1/6/2017.
48 of the houses have ocean views and 58 have mountain views.