About Waialua Real Estate
Waialua is a sleepy beach town on Oahu’s famous North Shore. It’s almost an entirely residential community, with no commercial center to speak of. However, Haleiwa town, with its restaurants, surf shops, beach boutiques and art galleries, is just 5 minutes away. Much larger and more urban towns like Mililani and Waipahu are also easily accessible to Waialua for shopping at big box stores and national cains. Waialua residents are also conveniently located close to the North Shore beaches and beach parks, which is a major draw for most people who make Waialua their home. In addition, residents savor the peace and quiet you find here, and enjoy feeling like they’re miles away from the development that covers much of Oahu today.
Waialua homes range widely in their age, size and condition. A good majority of the single family homes have 3-5 bedrooms. However, there are houses with as many as 8 bedrooms on the market as well. Many homes with 5 or more bedrooms are configured to accommodate extended family or to be rented, with private entrances and sections of the house. If you have a large family, aging parents, or are looking for a home that could bring in additional income, Waialua has a number of options to fit your needs.
In terms of age and style, Waialua homes run the gamut. You’ll find homes that were built in the 1940s and 1950s, many of which have been renovated. Some of these older homes have not been renovated and are great options for buyers who want to update and remodel them to fit their tastes and lifestyles. Other homes were built in the ‘60s and ‘70s, others in the 1990s, and some were built as recently as 2013. Most of the houses in Waialua are single-story, but there are some two-story homes and even a rare three-story. Many of the newer or recently renovated homes feature cathedral ceilings, an open living area, solid wood or laminate floors, wood cabinets, and granite countertops. The size of Waialua homes also varies, with houses starting in the 1,000 sq ft range to the largest houses boasting more than 2,500 sq ft.
The majority of homes in Waialua sit on lots that are relatively small (5,000 - 6,000 sq ft). Like the other aspects of Waialua housing, there are variants to this as well. There are lots as small as 2,500 sq ft, nicely-sized lots between 8,000 and 10,000 sq ft, and incredibly large lots over 30,000 sq ft! It’s important to note that in Waialua, the number of bedrooms doesn’t always reflect the size of the house, and the size of the house doesn’t reflect the size of the lot. Some very spacious houses are on relatively small lots, and some smaller houses sit on much larger lots.
While Waialua is definitely a North Shore beach community, most homes are not beachfront. While there are beachfront properties and properties with very close beach access, most homes in Waialua are a car ride or bike ride away from the beach. Some residents enjoy nice views of the Waianae Mountains from their homes, but many homes in this town don’t offer much of a view. However, the upside is that Waialua offers some of the most affordable real estate on the North Shore! This makes Waialua a great option for first-time home buyers, young families, and anyone looking for the laid-back North Shore lifestyle whose budget doesn’t allow for a beachfront house along the 7 mile North Shore stretch of surf breaks. With an elementary, middle and high school right in town and a community center, Waialua has a definite community feel, which is another appeal. Waialua makes a charming home for working professionals, families, retirees, and anyone who wants to make the relaxed beach lifestyle their home environment.
The price range of houses for sale in Waialua is $625K to $3.8M with a median price of $1.39M, median interior of 1,521sf and median land size of 7,854sf.
The median price of houses sold in Waialua year-to-date (Jan 21, 2017) is $737K. In previous years it was $699K (2016), $701K (2015), $620K (2014), $550K (2013), $499K (2012), $529K (2011), $580K (2010), $515K (2009), $640K (2008), $550K (2007), $580K (2006), $525K (2005), $457K (2004), $275K (2003).
2 houses have sold in Waialua year-to-date (Jan 21, 2017). In previous years, the total number of houses sold were 39 (2016), 30 (2015), 32 (2014), 37 (2013), 29 (2012), 28 (2011), 27 (2010), 16 (2009), 18 (2008), 23 (2007), 30 (2006), 37 (2005), 50 (2004), 51 (2003).
On average Waialua houses were on the market for 41 days before they were sold (Jan 21, 2017). In previous years it was 99 days (2016), 90 days (2015), 84 days (2014), 89 days (2013), 72 days (2012), 94 days (2011), 95 days (2010), 113 days (2009), 114 days (2008), 89 days (2007), 90 days (2006), 69 days (2005), 49 days (2004), 53 days (2003).
The average days on market for Waialua houses before sold were 81 days December 2016 compared to 89 days December 2015.
The ratio of Waialua houses sales price vs list price were 96.7% December 2016 compared to 99.8% December 2015.
4 Waialua houses were sold December 2016 compared to 4 houses sold December 2015.
The total dollar volume of houses currently for sale in Waialua is $26.58M and the sold dollar volume year-to-date (Jan 21, 2017) is $1.47M. In previous years sold dollar volume was $30.59M (2016), $22.87M (2015), $21.69M (2014), $26.06M (2013), $15.8M (2012), $16.49M (2011), $15.44M (2010), $9.94M (2009), $11.92M (2008), $14.25M (2007), $23.15M (2006), $23.87M (2005), $25.66M (2004), $15.75M (2003).
The most recent sale in Waialua was a house located at 67-239 Farrington Highway, sold for $685K on Jan 11, 2017. It had 850sf of interior. 9 other recent sales include: 66-419 Paalaa Road (1,512sf) sold for $790K on 1/9/2017. 68-180 Au Street (1,840sf) sold for $850K on 12/30/2016. 67-644 Kane Place (1,163sf) sold for $675K on 12/15/2016. 67-227 Kukea Circle (1,704sf) sold for $787K on 12/14/2016. 67-230 Kiapoko Street (1,555sf) sold for $895K on 12/9/2016. 66-441 A Kamehameha Highway (1,054sf) sold for $450K on 11/21/2016. 68-198 Au Street (1,242sf) sold for $766K on 11/4/2016. 67-212 Kanalu Street (879sf) sold for $720K on 10/21/2016. 66-345 Kaamooloa Road (795sf) sold for $589K on 10/17/2016.
10 of the houses have ocean views and 15 have mountain views.