If there's one part of Oahu that's seen truly dramatic change in the last two or three decades, it's the Ewa Plain. Other areas have certainly seen development change their landscape, but in this case an entire new metro area has been created where sugar fields stretched not long ago.
New residents flocked here for the better price points, larger lots and the chance to have a yard of their very own. One of the major subdivisions, Ewa Gentry, had its first homes open in the late 1980's with additions still coming. The homes extend from 3 to 5 bedrooms, pricing mostly in the 400Ks – 500Ks. More recently, larger, more luxurious houses have been added that can top even the magic $1M mark.
Ewa Beach is another matter. This longstanding community existed long before the end of the plantations created the rest of the neighborhoods. For that reason you'll find homes that reflect the individual owner's tastes and budget, rather than a developer's.
Everything from mid-20th Century plantation style houses to structures that have barely passed their 1st birthday are found in Ewa Beach. A little more affordable than Gentry, there are some oceanfront homes, too, that pass the $1M mark.
Kapolei crowns the area as both its downtown and civic center. All major shopping and government offices are concentrated there, a recognition of its central role on the Leeward Side. Its homes, like the majority of its neighbor communities, are almost all the product of major developments.
It also had the initial draw with entry-level homes that gave buyers bigger lots than eastern Oahu. Now Kapolei claims some of the best golf courses on the Island as well as some of the best high-end residential communities built around them. You can expect to pay in the high 6 to low 7 figures on those with the best vantage points.
There's no question that Ewa and Kapolei still offer more real estate for your money. To create a real broad-based city there, though, they've understood that every strata of the market needed to be present. So far, they've succeeded and that means there's probably a home just right for you, too.
Ewa / Kapolei Houses - Trends & Statistics
The price range of houses for sale in Ewa / Kapolei is $410K to $2.7M with a median price of $650K, median interior of 1,543sf and median land size of 4,462sf.
The median price of houses sold in Ewa / Kapolei year-to-date (Jan - Feb 22, 2017) is $646K. In previous years it was $630K (2016), $580K (2015), $540K (2014), $515K (2013), $460K (2012), $440K (2011), $435K (2010), $440K (2009), $468K (2008), $510K (2007), $530K (2006), $485K (2005), $375K (2004), $276K (2003).
82 houses have sold in Ewa / Kapolei year-to-date (Jan - Feb 22, 2017). In previous years, the total number of houses sold were 735 (2016), 570 (2015), 565 (2014), 560 (2013), 488 (2012), 437 (2011), 491 (2010), 440 (2009), 481 (2008), 581 (2007), 674 (2006), 772 (2005), 700 (2004), 633 (2003).
On average Ewa / Kapolei houses were on the market for 50 days before they were sold (Jan - Feb 22, 2017). In previous years it was 72 days (2016), 71 days (2015), 78 days (2014), 65 days (2013), 55 days (2012), 61 days (2011), 66 days (2010), 75 days (2009), 84 days (2008), 76 days (2007), 65 days (2006), 30 days (2005), 31 days (2004), 49 days (2003).
The average days on market for Ewa / Kapolei houses before sold were 43 days January 2017 compared to 69 days January 2016.
The ratio of Ewa / Kapolei houses sales price vs list price were 100.0% January 2017 compared to 99.0% January 2016.
54 Ewa / Kapolei houses were sold January 2017 compared to 37 houses sold January 2016.
The total dollar volume of houses currently for sale in Ewa / Kapolei is $108.56M and the sold dollar volume year-to-date (Jan - Feb 22, 2017) is $53.06M. In previous years sold dollar volume was $472.54M (2016), $336.11M (2015), $313.48M (2014), $297.98M (2013), $236.67M (2012), $199.57M (2011), $222.57M (2010), $201.85M (2009), $239.13M (2008), $310.65M (2007), $368.07M (2006), $396.08M (2005), $266.6M (2004), $182.73M (2003).
The most recent sale in Ewa / Kapolei was a house located at 91-1219 KAIMALIE Street, sold for $675K on Feb 17, 2017. It had 2109sf of interior. 9 other recent sales include: 91-136 Makalea Street (1,390sf) sold for $570K on 2/17/2017. 91-1507 Miula Street (1,070sf) sold for $550K on 2/17/2017. 91-804 Hanakahi Street (1,465sf) sold for $554K on 2/17/2017. 91-1038 Aawa Drive (1,593sf) sold for $550K on 2/16/2017. 91-978 Awawalei Place (1,288sf) sold for $609K on 2/15/2017. 91-1088 Waikapuna Street (3,539sf) sold for $978K on 2/14/2017. 91-1362 Wahane Street (2,036sf) sold for $585K on 2/14/2017. 1101 Kukulu Street (1,413sf) sold for $654K on 2/13/2017. 91-1152 Kaunolu Street (1,748sf) sold for $530K on 2/10/2017.
6 of the houses have ocean views, 2 have Diamond Head views and 19 have mountain views.