Both Moanalua & Salt Lake were originally included in the ahupua'a, or land division passed down from Princess Bernice Puahi Bishop to Samuel Damon in the late 1800's. Most of it was then sold by the Damon family in 1956 to developers, most significantly businessman Clarence T. Ching.
Ching divided the property into lots, which owners could build on as they wished. That's why there are so many unique houses, reflecting the tastes of individual owners. Those aren't the only differences that exist in the trio of neighborhoods that make up this area, which is why it's best to look at them individually.
Moanalua Gardens Much of the Moanalua Gardens homes are up the hillside, giving them expansive views that extend out even to the ocean as well as the city lights each evening.
This is a tight-knit community with numerous families who've lived here for years, some of them the original owners.
Another attraction is the lots tend to be larger here, with the kind of room that you don't often get in Oahu real estate. With these advantages, it's understandable that Moanalua Gardens homes are generally the most expensive of the 3 areas.
Moanalua Valley Moanalua Valley residents enjoy broad avenues and green lawns, making it a very inviting place to live. The attractive mix of houses is another crucial point that has kept prices up consistently. You can find many from the initial build up of the 1960's that are delightfully eye-catching in their stylishness and retro charm.
The Valley also has its share of long-time residents who've been here for years, or even generations. Soothingly calm, it's conveniently close to the highway, yet removed enough that you forget that it, and the surrounding modern hum, is even there.
Salt Lake Salt Lake shares Moanalua's crazy quilt element of homes in different sizes and shapes. Most Salt Lake houses sit very close together, with few real yards or outdoor space around them.
The Foster Village community is an exception, offering some larger lots with lawns, at least in some cases. Overall, Salt Lake is a definite step toward the urban environment from Moanalua's suburban atmosphere.
All 3 of these residential areas are in demand consistently for not only their unique houses, but also the quality schools and many conveniences. Shopping is nearby, with Pearlridge just up the road. Commuting is easy due to the highway's presence nearby. For the many who work at Pearl Harbor or Hickam, both are mere minutes away. Combined, this makes for a great place to call your home. Now you just need to figure out which of the three fits you best.
The price range of houses for sale in Salt Lake/Moanalua is $619K to $1.4M with a median price of $950K, median interior of 1,728sf and median land size of 6,276sf.
The median price of houses sold in Salt Lake/Moanalua year-to-date (Jan - Jun 29, 2017) is $800K. In previous years it was $889K (2016), $764K (2015), $785K (2014), $758K (2013), $700K (2012), $587K (2011), $667K (2010), $675K (2009), $735K (2008), $775K (2007), $680K (2006), $653K (2005), $525K (2004), $435K (2003).
15 houses have sold in Salt Lake/Moanalua year-to-date (Jan - Jun 29, 2017). In previous years, the total number of houses sold were 41 (2016), 42 (2015), 37 (2014), 59 (2013), 45 (2012), 58 (2011), 38 (2010), 30 (2009), 28 (2008), 37 (2007), 44 (2006), 61 (2005), 65 (2004), 69 (2003).
On average Salt Lake/Moanalua houses were on the market for 46 days before they were sold (Jan - Jun 29, 2017). In previous years it was 72 days (2016), 98 days (2015), 79 days (2014), 65 days (2013), 47 days (2012), 55 days (2011), 54 days (2010), 83 days (2009), 77 days (2008), 51 days (2007), 66 days (2006), 52 days (2005), 56 days (2004), 58 days (2003).
The average days on market for Salt Lake/Moanalua houses before sold were 60 days May 2017 compared to 42 days May 2016.
The ratio of Salt Lake/Moanalua houses sales price vs list price were 97.2% May 2017 compared to 100.0% May 2016.
4 Salt Lake/Moanalua houses were sold May 2017 compared to 2 houses sold May 2016.
The total dollar volume of houses currently for sale in Salt Lake/Moanalua is $14.38M and the sold dollar volume year-to-date (Jan - Jun 29, 2017) is $12.39M. In previous years sold dollar volume was $36.57M (2016), $32.54M (2015), $29.28M (2014), $45.71M (2013), $30.23M (2012), $35.68M (2011), $24.5M (2010), $20.21M (2009), $21.03M (2008), $29.19M (2007), $31.01M (2006), $38.86M (2005), $34.13M (2004), $31.17M (2003).
The most recent sale in Salt Lake/Moanalua was a house located at 1608 Ala Makani Place, sold for $1.43M on Jun 21, 2017. It had 4332sf of interior. 9 other recent sales include: 3805 Likini Street (1,550sf) sold for $775K on 6/13/2017. 3514 Likini Street (1,104sf) sold for $651K on 6/13/2017. 1555 Onipaa Street (2,736sf) sold for $1.1M on 5/31/2017. 1540 Ala Lani Street (1,837sf) sold for $850K on 5/19/2017. 3459 Ala Ilima Street (1,392sf) sold for $980K on 5/15/2017. 3638 Likini Street (1,595sf) sold for $750K on 5/4/2017. 1044 Wiliki Drive (724sf) sold for $510K on 4/27/2017. 1449 Ala Aolani Street (1,292sf) sold for $708K on 4/5/2017. 2060 Mahaoo Place (1,876sf) sold for $840K on 3/6/2017.
2 of the houses have ocean views, 1 has Diamond Head views and 4 have mountain views.