About Pacific Heights Pacific Heights - originally called Kupanihi - is an established steep hillside neighborhood of about 300 homes in Honolulu located inland just above downtown Honolulu, bordered by Pauoa Valley to the east and Nuuanu Valley to the west.
Pacific Heights includes all properties starting from the 2030 block of Pacific Heights Rd (past the corner of Booth Rd) with all it’s side streets going up to the top of the hill. Pacific Heights homes for sale are often valued between $700K to $2M with lot sizes in the 5,000 to 20,000 sq ft range.
A number of influential families that shaped Hawaii’s political and economical history during the 20th century owned large estates here. Some of the early homes in Pacific Heights were built over 100 years ago, making it one of the oldest hillside neighborhoods among the real estate in Honolulu. A few charming vintage homes from the 1920’s and 1930’s still stand today.
Pacific Heights properties often offer spectacular panoramic shoreline, downtown, harbor and Punchbowl Crater views. Close proximity and easy convenient access to the business and financial district of downtown Honolulu make Pacific Heights properties a highly desirable choice for many.
The price range of houses for sale in Pacific Heights is $660K to $2.77M with a median price of $1.32M, median interior of 1,905sf and median land size of 10,000sf.
The median price of houses sold in Pacific Heights year-to-date (Jan - Apr 27, 2017) is $976K. In previous years it was $1M (2016), $999K (2015), $1.69M (2014), $752K (2013), $915K (2012), $720K (2011), $1.14M (2010), $721K (2009), $644K (2008), $1.02M (2007), $735K (2006), $1.1M (2005), $675K (2004), $638K (2003).
2 houses have sold in Pacific Heights year-to-date (Jan - Apr 27, 2017). In previous years, the total number of houses sold were 7 (2016), 7 (2015), 6 (2014), 10 (2013), 6 (2012), 14 (2011), 3 (2010), 12 (2009), 4 (2008), 6 (2007), 5 (2006), 6 (2005), 11 (2004), 12 (2003).
On average Pacific Heights houses were on the market for 57 days before they were sold (Jan - Apr 27, 2017). In previous years it was 118 days (2016), 110 days (2015), 129 days (2014), 111 days (2013), 76 days (2012), 79 days (2011), 144 days (2010), 54 days (2009), 122 days (2008), 139 days (2007), 35 days (2006), 62 days (2005), 28 days (2004), 63 days (2003).
The average days on market for Pacific Heights houses before sold were 16 days March 2017 compared to 74 days March 2016.
The ratio of Pacific Heights houses sales price vs list price were 107.4% March 2017 compared to 97.8% March 2016.
1 Pacific Heights house was sold March 2017 compared to 3 houses sold March 2016.
The total dollar volume of houses currently for sale in Pacific Heights is $6.09M and the sold dollar volume year-to-date (Jan - Apr 27, 2017) is $1.95M. In previous years sold dollar volume was $8.72M (2016), $7.5M (2015), $9.84M (2014), $8.69M (2013), $6.13M (2012), $12.49M (2011), $3.17M (2010), $10.42M (2009), $2.93M (2008), $6.17M (2007), $4.37M (2006), $6.47M (2005), $7.38M (2004), $7.83M (2003).
The most recent sale in Pacific Heights was a house located at 2441 Pacific Hts Road, sold for $752K on Mar 28, 2017. It had 1716sf of interior. 9 other recent sales include: 2981 Laukoa Place (2,108sf) sold for $1.2M on 2/14/2017. 3101 Pacific Hts Road (5,074sf) sold for $2.3M on 10/14/2016. 3025 Wailani Road (1,010sf) sold for $767K on 6/15/2016. 2818 Laola Place (1,536sf) sold for $999K on 6/13/2016. 3066 Wailani Road (3,696sf) sold for $1.7M on 3/30/2016. 2555 Pacific Hts Place (1,632sf) sold for $1M on 3/29/2016. 2851 Von Hamm Place (2,700sf) sold for $1.2M on 3/10/2016. 2961 Laukoa Place (1,546sf) sold for $750K on 2/29/2016. 2876 Von Hamm Place (2,781sf) sold for $880K on 10/23/2015.
3 of the houses have ocean views, 2 have Diamond Head views and 3 have mountain views.
Pacific Heights History Pacific Heights real estate was originally the creation of a flamboyant man named Charles Desky in 1899. Newspapers noted that he had bought 450 acres of untouched land from Charles Booth and would be building houses immediately on it.
To promote the lots he established Hawaii's first electric railway which took the curious from downtown Honolulu up 900 feet on Pacific Heights where a dance pavilion had been built. The idea was to entertainingly introduce potential buyers to the view from what could be their future home.
Unfortunately, Desky wasn't a good businessman. Few houses were built when the original owner, Charles Booth, foreclosed in 1903. It seemed that mortgage payments hadn't been made for 2 years. Some lot buyers actually lost their property in the process because Desky hadn't recorded their deeds. Wisely, Desky soon left town for Shanghai, China.
Not until 1921, when the Honolulu government took over the hillside's water system and automobiles were common, did Pacific Heights homes begin to take off. 20 years late, Desky's vision of the upper class community finally became a reality. Vast mansions and estates sprang up on the land as the moneyed class saw the advantages of these properties.
The influential and successful continue to live on this rise, the home prices usually climbing along with the altitude as you drive upward. Somewhere out there, Charles Desky is saying 'I told you so'.