When you hear the words 'Diamond Head homes', it's natural to immediately think of large and very exclusive oceanfront mansions sitting under the the iconic volcanic cone. Those are the houses that get the profiles in upscale magazines and tv shows that focus on the Other Half. The Diamond Head real estate region, though, takes in a lot more and there's a lot of variety that spans the market.
You should understand that, in real estate, the Diamond Head district takes in a few neighborhoods, stretching from its western borders of Kapahulu and Kaimuki, out to its eastern end that stops at Kuliouou and Paigo Lagoon. You'd be in good company if you didn't realize that the smaller homes sitting behind Diamond Head are just as much a part of this same overall district as Doris Duke's Shangri-La.
It all starts with those homes in the Kapahulu & Kaimuki districts, many of which are of the classic, wooden Plantation Style, Dickey roof and all. Intermingled you will find newer and, in some cases, architecturally very different houses. This wide variety of styles is because these are long established neighborhoods, rather than the result of planning or a developer's vision. It's a wonderful patchwork that sometimes find the homes almost cheek-to-cheek in many areas.
Above these, literally, are neighborhoods such as Wilhelmina Rise and St. Louis Heights where your outlook can be magnificent, taking in a huge sweep of Honolulu and even the ocean. The words 'Rise' and 'Heights' are very appropriate for the way these residences stretch far up the hills. A large percentage of them are still here from the original build up during the 1950's and 60's, along with some more recent additions. These are great places to settle for those who don't mind, or even prefer, a high perch to live on and take it all in.
Heading immediately east from Kaimuki takes you right into Kahala, a name immediately recognized, not only in the Islands but around the world. It's become almost a cliché to call it the Beverly Hills of Honolulu, but it's also accurate. From the design and look alone, many of the houses here probably do have counterparts back in California. The apex of the market are the homes found on Kahala Avenue, right on some of the most desirable coastline in Hawaii. They will be hard to see, though, behind the large gates and walls that front most of the properties.
Gates and walls continue to be a prevalent feature on the makai side of Kalanianaole Hwy as you continue east through Wailupe, Aina Haina Beach and oceanfront Niu Beach. Just as Kaimuki had its 2 neighborhoods looking over it, Wailupe has Waiale Iki and Hawaii Loa Ridge. Their high positioned homes are also higher in price and desirability, a product of the development boom in the 1980's that saw larger houses built in coveted climes like these. After seeing the views from here of the Pacific and the Honolulu city scape, you'll immediately understand why.
Back on street level, you'll come next to Aina Haina, famous for its low-rise ranch style homes as is Niu Valley, its neighbor. The latter is especially beautiful with the smaller vertical footprint of the homes giving you a Big Sky feeling with the backdrop of the awesome Koolaus. These are also products of the post-World War II construction surge and many families are the same ones who bought originally, as are the houses themselves, of course.
Overall, this is probably the highest cost real estate district in Hawaii. You can still find reasonable prices, for the Islands, in some Diamond Head region homes for sale, but this is always an in-demand area. Plenty of shopping, generally good schools and beautiful scenery, though it often leans to being very urban. Factor in places like the Gold Coast, Kahala and Black Point within its borders and that takes the price tags up into the stratosphere. It's a case of a lot of demand and not enough supply, but how many who live here have ever regretted the purchase? Let's face it. Not very many.
Diamond Head Region Houses - Trends & Statistics
The price range of houses for sale in Diamond Head Region is $574K to $20M with a median price of $1.86M, median interior of 3,029sf and median land size of 9,907sf.
The median price of houses sold in Diamond Head Region year-to-date (Jan - May 28, 2017) is $1.27M. In previous years it was $1.12M (2016), $1.01M (2015), $1.09M (2014), $950K (2013), $885K (2012), $889K (2011), $949K (2010), $890K (2009), $935K (2008), $1M (2007), $912K (2006), $900K (2005), $745K (2004), $639K (2003).
151 houses have sold in Diamond Head Region year-to-date (Jan - May 28, 2017). In previous years, the total number of houses sold were 391 (2016), 396 (2015), 380 (2014), 409 (2013), 452 (2012), 384 (2011), 361 (2010), 316 (2009), 331 (2008), 414 (2007), 448 (2006), 553 (2005), 587 (2004), 526 (2003).
On average Diamond Head Region houses were on the market for 64 days before they were sold (Jan - May 28, 2017). In previous years it was 97 days (2016), 92 days (2015), 87 days (2014), 66 days (2013), 64 days (2012), 68 days (2011), 61 days (2010), 81 days (2009), 74 days (2008), 71 days (2007), 72 days (2006), 60 days (2005), 56 days (2004), 78 days (2003).
The average days on market for Diamond Head Region houses before sold were 55 days April 2017 compared to 87 days April 2016.
The ratio of Diamond Head Region houses sales price vs list price were 95.8% April 2017 compared to 96.5% April 2016.
32 Diamond Head Region houses were sold April 2017 compared to 36 houses sold April 2016.
The total dollar volume of houses currently for sale in Diamond Head Region is $661.65M and the sold dollar volume year-to-date (Jan - May 28, 2017) is $242.67M. In previous years sold dollar volume was $574.63M (2016), $570.65M (2015), $583.04M (2014), $560.93M (2013), $570.89M (2012), $476.74M (2011), $474.09M (2010), $381.32M (2009), $480.93M (2008), $586.47M (2007), $605.14M (2006), $717.39M (2005), $650.57M (2004), $459.35M (2003).
The most recent sale in Diamond Head Region was a house located at 5451 Oio Drive, sold for $1.05M on May 26, 2017. It had 2238sf of interior. 9 other recent sales include: 5939 Kalanianaole Highway (3,134sf) sold for $2.99M on 5/26/2017. 357 Lelekepue Place (2,397sf) sold for $1.95M on 5/25/2017. 2558 Makaulii Place (3,033sf) sold for $1.18M on 5/25/2017. 3029 Lakimau Street (3,658sf) sold for $1.66M on 5/25/2017. 918 Koloa Street (4,722sf) sold for $3.1M on 5/25/2017. 3315 Francis Street (1,376sf) sold for $960K on 5/25/2017. 67 Wailupe Circle (2,316sf) sold for $1.8M on 5/23/2017. 3155 Olu Street (2,632sf) sold for $1.1M on 5/23/2017. 3615 Leahi Avenue (1,431sf) sold for $1.28M on 5/22/2017.
126 of the houses have ocean views, 88 have Diamond Head views and 121 have mountain views.