Niu Valley is a friendly quiet valley neighborhood of approximately 400 homes, known to be the home of quite a few local celebrities. Niu Valley is bordered by Hawaii Loa Ridge to the west and the small valley community of Kuliouou to the east. Niu Valley homes for sale are typically valued in the $800K to $1.2M range with most lots between 7,500 to 12,000 sq ft.
Insight to Niu Valley Homes & Neighborhood Originally developed in the 1950’s on agricultural land, Niu Valley real estate consists predominantly of modest homes on generous lots. Rarely do these Honolulu homes become available in this adorable neighborhood, and when they do, they often receive multiple offers.
The top rated private Waldorf School and the highly regarded Niu Valley Middle School are both located within the valley. The small convenient Niu Valley Shopping Center along Kalanianaole Hwy offers a few eatery options, including the charming top French restaurant, Le Bistro, a 7-Eleven store and several other small shops. Kawaikui Beach Park is the closest beach access, located just across the street.
The price range of houses for sale in Niu Valley is $968K to $1.88M with a median price of $1.25M, median interior of 2,359sf and median land size of 8,328sf.
The median price of houses sold in Niu Valley year-to-date (Jan - Apr 25, 2017) is $935K. In previous years it was $1.23M (2016), $1.12M (2015), $955K (2014), $903K (2013), $866K (2012), $850K (2011), $780K (2010), $787K (2009), $880K (2008), $879K (2007), $842K (2006), $800K (2005), $681K (2004), $535K (2003).
1 house has sold in Niu Valley year-to-date (Jan - Apr 25, 2017). In previous years, the total number of houses sold were 5 (2016), 10 (2015), 8 (2014), 13 (2013), 6 (2012), 9 (2011), 9 (2010), 2 (2009), 9 (2008), 13 (2007), 12 (2006), 13 (2005), 14 (2004), 15 (2003).
On average Niu Valley houses were on the market for 7 days before they were sold (Jan - Apr 25, 2017). In previous years it was 90 days (2016), 76 days (2015), 74 days (2014), 55 days (2013), 25 days (2012), 40 days (2011), 39 days (2010), 44 days (2009), 39 days (2008), 49 days (2007), 58 days (2006), 50 days (2005), 30 days (2004), 68 days (2003).
The average days on market for Niu Valley houses before sold were 7 days March 2017 compared to 50 days March 2016.
The ratio of Niu Valley houses sales price vs list price were 99.5% March 2017 compared to 98.4% March 2016.
1 Niu Valley house was sold March 2017 compared to 1 house sold March 2016.
The total dollar volume of houses currently for sale in Niu Valley is $6.57M and the sold dollar volume year-to-date (Jan - Apr 25, 2017) is $935K. In previous years sold dollar volume was $6.26M (2016), $10.77M (2015), $7.96M (2014), $12.26M (2013), $5.27M (2012), $7.71M (2011), $7.94M (2010), $1.57M (2009), $8.15M (2008), $11.29M (2007), $9.98M (2006), $10.19M (2005), $9.6M (2004), $8.39M (2003).
The most recent sale in Niu Valley was a house located at 5660 Haleola Street, sold for $935K on Mar 30, 2017. It had 1540sf of interior. 9 other recent sales include: 5596 kalanianaole Highway (2,416sf) sold for $1.47M on 10/31/2016. 334 Halemaumau Place (1,604sf) sold for $1.06M on 9/9/2016. 5633 Kawaikui Street (1,379sf) sold for $850K on 8/11/2016. 5975 Haleola Street (2,304sf) sold for $1.23M on 3/10/2016. 5568 Haleola Street (2,924sf) sold for $1.65M on 1/22/2016. 246 Panio Street (1,633sf) sold for $1.25M on 12/2/2015. 339 Mamaki Street (2,240sf) sold for $1.14M on 8/31/2015. 247 Ulua Street (1,240sf) sold for $1M on 7/28/2015. 5651 Anolike Place (1,584sf) sold for $1.15M on 7/14/2015.
2 of the houses have ocean views and 5 have mountain views.
Niu Valley History Most of today's Niu Valley real estate originated from just one man – Alexander Adams. A Scottish sailor, he arrived in Hawaii around 1810, soon becoming friends with King Kamehameha I. The king recognized his nautical talents and soon made him the head of the kingdom's navy.
Along with this charge he was given 2,000 acres in Niu Valley to both live on and farm. So he did. For the next 140 years Niu Valley was covered by vast cultivated fields as well as, for the first half of the 1900's, a large dairy farm.
It was Adam's granddaughter who decided to subdivide and sell the land finally in the 1950's as the postwar Honolulu population began to boom. The ponds were filled in and the farms closed down in recognition of the changing times. Housing was needed and farming wasn't as profitable any more.
Homes in Niu Valley quickly sprang up, both in the valley proper and on stunning oceanfront lots built over the site of an ancient Hawaiian fishpond. Adams' estate today is a warm, close-knit neighborhood still watched over by the beautiful, green Koolau mountains just as they were when he first set foot on the Islands.