Both Aiea and Pearlridge are communities with unexpected real estate strengths. The greatest might be the fact that there's so much more to their living spaces than you'd ever guess just from frequenting their many shopping centers.
Outsiders think of Aiea primarily in terms of the modern landscape clustered around Kamehameha Hwy. Though that is a central part of the neighborhood, the majority of Aiea's condo are not contained there. To find them you have to head up into the hills.
There are actually 2 main hillside communities that bookend the town. The first, on the east, is Aiea Heights. Up here, past the old homes that made up the original neighborhood, are a number of townhome communities, most built in the 1980's and 90's.
A good example, almost at the top of the hillside, are the Lapa'olu Aiea Heights townhouses, all with 3 stories and some with views that only these airy altitudes could afford, including Pearl Harbor and the ocean beyond. Their 94% Owner-Occupancy says it all.
Aiea's western bookend is the Newtown neighborhood, where you could be straying into Pearl City's domain at some point. Here you have the use of a private rec center and fitness facility the residents enjoy, while living in townhome units in places like the Newtown Villa I and II. This duo has 92 units total in them, all 2 story, and roomy 3 to 5 BR layouts. Up here you can relax in peace, far from the busyness of the traffic below.
Pearl City condos are equally deceptive as Aiea's, your attention taken by the towers that dominate what you see on the highway. There are those more expected buildings like the Lehua Nani, with its 9 floors of solid concrete facade, located just to the north of H-1 in Pearlridge-Upper.
There's also the less apparent like those in Pearlridge-Lower, which is the lands south of the highway. Here the condos are all low-rise like the College Gardens townhomes, just 2 stories in each of its 11 buildings. They benefit from a much greener environment, surrounded by Leeward Community College and a wildlife refuge. Those ocean views don't hurt, either.
The takeaway is that you cannot judge the residences of these two towns just by the main strip, as dominating as it is. Behind and beyond those modern concrete buildings and concrete sprawl are a richer variety of real estate than you'd ever expect. One of these discoveries just might be the home for you.
Besides Pearl City, another popular condo neigborhood in the Aiea / Pearl City region include Waieu.
Aiea / Pearl City Condos - Trends & Statistics
The price range of condos for sale in Aiea / Pearl City is $95K to $535K with a median price of $382K and median interior of 862sf.
The median price of condos sold in Aiea / Pearl City year-to-date (Jan - Feb 21, 2017) is $357K. In previous years it was $354K (2016), $330K (2015), $315K (2014), $285K (2013), $275K (2012), $273K (2011), $275K (2010), $275K (2009), $303K (2008), $305K (2007), $293K (2006), $230K (2005), $170K (2004), $135K (2003).
36 condos have sold in Aiea / Pearl City year-to-date (Jan - Feb 21, 2017). In previous years, the total number of condos sold were 328 (2016), 300 (2015), 300 (2014), 312 (2013), 282 (2012), 268 (2011), 270 (2010), 262 (2009), 323 (2008), 421 (2007), 558 (2006), 647 (2005), 722 (2004), 579 (2003).
On average Aiea / Pearl City condos were on the market for 31 days before they were sold (Jan - Feb 21, 2017). In previous years it was 66 days (2016), 77 days (2015), 79 days (2014), 67 days (2013), 64 days (2012), 65 days (2011), 53 days (2010), 64 days (2009), 54 days (2008), 55 days (2007), 47 days (2006), 34 days (2005), 41 days (2004), 55 days (2003).
The average days on market for Aiea / Pearl City condos before sold was 28 days January 2017 compared to 63 days January 2016.
The ratio of Aiea / Pearl City condos sales price vs list price was 101.1% January 2017 compared to 99.2% January 2016.
23 Aiea / Pearl City condos were sold January 2017 compared to 25 condos sold January 2016.
The total dollar volume of condos currently for sale in Aiea / Pearl City is $20.77M and the sold dollar volume year-to-date (Jan - Feb 21, 2017) is $13.55M. In previous years sold dollar volume was $116.26M (2016), $98.94M (2015), $93.3M (2014), $88.22M (2013), $76.5M (2012), $73.37M (2011), $77.05M (2010), $74.09M (2009), $97.88M (2008), $129.14M (2007), $165.8M (2006), $153.9M (2005), $131.06M (2004), $82.34M (2003).
The most recent sale in Aiea / Pearl City was a condo located at #1-1204 , sold for $430K on Feb 17, 2017. It had 1104sf of interior. 9 other recent sales include: #169 (1,222sf) sold for $495K on 2/17/2017. #203 (506sf) sold for $172K on 2/16/2017. #5403 (976sf) sold for $387K on 2/15/2017. #24U (716sf) sold for $445K on 2/15/2017. #1016 (772sf) sold for $395K on 2/13/2017. #27 (912sf) sold for $232K on 2/10/2017. #C (1,080sf) sold for $560K on 2/10/2017. #23J (603sf) sold for $331K on 2/10/2017. #40 (941sf) sold for $359K on 2/6/2017.
In Aiea / Pearl City there is currently 55 fee simple and 3 leasehold units for sale. 16 of the condos have ocean views, 4 have Diamond Head views and 18 have mountain views.
There are 3 studio floor plans, 8 x 1 bedroom floor plans, 32 x 2 bedroom floor plans, 13 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.