Aikahi Park is one of those neighborhoods everyone wants to get into, so the average times these Kailua homes are on the market isn't long. What's the attraction?
A shorter list would be what isn't, so much is going for the residents here. Located near Kaneohe Marine Corp Base, you'll encounter more than a few active duty and retired military who like that proximity. It's also next to H3, so commuting or just getting around is easy. You're on the highway and off and running in no time at all.
Families with children are drawn here by another factor, the chance to get their kids into the Aikahi School District, by many considered one of the best on Oahu. Never underestimate the magnetism of strong schools in the real estate decisions of parents. But what about the homes themselves?
Aikahi Park Homes – Built the Kailua Way The above factors make for a strong benefits list, but it's the Aikahi homes that race the pulses of buyers. Most of the houses were built in the 1960's and 70's, when Kailua moved in reach of downtown commuters with the opening of the Pali tunnel.
Ranch houses make up the majority of the residences, appropriate for a place that values low impact on the environment around them and a simpler, yet with its own elegance, kind of lifestyle.
There has been some change as some of those original owners sell, the new residents building on or even replacing those houses with something bigger. The average floorplan in Aikahi still runs at around 1,500 sq ft, but with lands that extend from 8,000 to over 11,000 sq ft, there is room to spread the footprint if you choose.
Despite that happening on some lots, many home shoppers love the yard and outdoor space, preferring to retain it and enjoy its rewards. It's why people come to Kailua in the first place, drawn by the natural beauty and uncluttered lifestyle that reigns here. Aikahi inhabits that same space and has remained popular because of it.
With the large size of the lots, the beauty of Kailua all around and the beach not far away either, it's understandable that the prices have risen quicker than even Hawaii's already hot average. Though some can go for a little less, it is to be expected to see homes for sale in Aikahi Park asking $1M to $1.5M on these streets.
Go ahead. Take a drive through Aikahi Park. You'll find yourself lining up at the next open house here. Early.
Aikahi Park Houses - Trends & Statistics
The price range of houses for sale in Aikahi Park is $1M to $1.69M with a median price of $1.25M, median interior of 1,772sf and median land size of 8,438sf.
The median price of houses sold in Aikahi Park year-to-date (Jan - Aug 23, 2017) is $1.31M. In previous years it was $1.2M (2016), $1.27M (2015), $1.09M (2014), $980K (2013), $905K (2012), $855K (2011), $879K (2010), $875K (2009), $862K (2008), $880K (2007), $886K (2006), $900K (2005), $750K (2004), $585K (2003).
8 houses have sold in Aikahi Park year-to-date (Jan - Aug 23, 2017). In previous years, the total number of houses sold were 13 (2016), 6 (2015), 9 (2014), 10 (2013), 9 (2012), 11 (2011), 17 (2010), 16 (2009), 10 (2008), 18 (2007), 14 (2006), 8 (2005), 8 (2004), 17 (2003).
On average Aikahi Park houses were on the market for 43 days before they were sold (Jan - Aug 23, 2017). In previous years it was 75 days (2016), 54 days (2015), 59 days (2014), 54 days (2013), 43 days (2012), 38 days (2011), 45 days (2010), 79 days (2009), 67 days (2008), 36 days (2007), 55 days (2006), 18 days (2005), 26 days (2004), 27 days (2003).
The average days on market for Aikahi Park houses before sold were 8 days July 2017 compared to 44 days July 2016.
The ratio of Aikahi Park houses sales price vs list price were 101.4% July 2017 compared to 101.8% July 2016.
1 Aikahi Park house was sold July 2017 compared to 3 houses sold July 2016.
The total dollar volume of houses currently for sale in Aikahi Park is $8.98M and the sold dollar volume year-to-date (Jan - Aug 23, 2017) is $10.62M. In previous years sold dollar volume was $15.93M (2016), $7.8M (2015), $9.62M (2014), $9.72M (2013), $8.09M (2012), $9.64M (2011), $15.35M (2010), $13.59M (2009), $8.48M (2008), $16.36M (2007), $12.45M (2006), $6.94M (2005), $5.88M (2004), $10.02M (2003).
The most recent sale in Aikahi Park was a house located at 194 Aikahi Loop, sold for $1.42M on Aug 17, 2017. It had 2230sf of interior. 9 other recent sales include: 279 Aikahi Place (3,321sf) sold for $1.5M on 8/14/2017. 721 Mokapu Road (1,400sf) sold for $1.1M on 7/24/2017. 677 Mokapu Road (1,841sf) sold for $1.26M on 6/29/2017. 285 Iliaina Street (1,984sf) sold for $1.21M on 6/21/2017. 715 Mokapu Road (2,052sf) sold for $1.36M on 5/31/2017. 88 Aikahi Loop (3,519sf) sold for $1.52M on 4/13/2017. 278 Aikahi Place (2,100sf) sold for $1.24M on 3/30/2017. 115 Aikapa Place (2,964sf) sold for $1.39M on 11/15/2016. 235 Ilihau Street (1,580sf) sold for $1.06M on 11/2/2016.