About Keolu Hills Keolu Hills is a neighborhood in the Enchanted Lake section of Kailua, appropriately named as it’s on the hills that rise behind Lanikai. The base of the neighborhood is bordered by Keolu Drive and it extends to the top of the hills. Homes near the top of the neighborhood enjoy wonderful views of Mount Olomana, the ocean and coastline, and the city below. Residents of Keolu Hills are just minutes away from Enchanted Lakes Shopping Center on Keolu Drive, a five minute drive to the restaurants and shopping in popular Kailua Town, and a 5-10 minute drive to Kailua Beach Park and Lanikai. Schools and parks are just minutes away, which makes Keolu Hills a great place to raise a family.
The neighborhood began development in the 1950s and many of Keolu Hills’ original homes were built in the late ‘50s and ‘60s. The original homes were bungalow and plantation style houses, but many have been remodelled, renovated, expanded or completely torn down. Today the standard Keolu Hills home has 3 or 4 bedrooms and 1,000 - 1,800 sq ft of living space. The larger homes tend newer or renovated and most are found towards the top of the hill, featuring as many as 7 bedrooms, 6 bathrooms and 5,000 sq ft. The renovated and more recently built homes have roomy, open floor plans that allow natural light to shine in and trade winds to blow through. Homes that have not been remodelled may need some work, but they also come with a lower price tag for buyers who have the time and inclination to remodel.
Lot sizes in Keolu Hills are on the smaller side, with the majority in the 5,000 - 7,000 sq ft range. There are some larger lots though, offering around 10,000 sq ft. Some yards feature nice landscaping, gardens and tropical vegetation. Few homes have a pool or jacuzzi because there’s just not enough room.
Keolu Hills is a great neighborhood for young professionals, growing families, empty-nesters and multi-generational families, as well as those looking for an investment property. There are lovely new and renovated homes for those who want a move-in ready property, and the “fixer-uppers” offer value in highly-desirable Kailua. Homes in Keolu Hills have the variety to accommodate the needs of an individual or family. The close proximity to this coastal town’s shops, restaurants and famous beaches makes Keolu Hills even more enticing!
The price range of houses for sale in Keolu Hills is $635K to $1.59M with a median price of $919K, median interior of 1,680sf and median land size of 7,006sf.
The median price of houses sold in Keolu Hills year-to-date (Jan - Jul 23, 2017) is $940K. In previous years it was $845K (2016), $836K (2015), $842K (2014), $780K (2013), $675K (2012), $661K (2011), $653K (2010), $639K (2009), $699K (2008), $699K (2007), $699K (2006), $765K (2005), $575K (2004), $460K (2003).
16 houses have sold in Keolu Hills year-to-date (Jan - Jul 23, 2017). In previous years, the total number of houses sold were 28 (2016), 29 (2015), 26 (2014), 35 (2013), 25 (2012), 26 (2011), 29 (2010), 21 (2009), 28 (2008), 24 (2007), 33 (2006), 36 (2005), 37 (2004), 42 (2003).
On average Keolu Hills houses were on the market for 25 days before they were sold (Jan - Jul 23, 2017). In previous years it was 91 days (2016), 77 days (2015), 89 days (2014), 56 days (2013), 43 days (2012), 52 days (2011), 62 days (2010), 83 days (2009), 74 days (2008), 40 days (2007), 64 days (2006), 25 days (2005), 25 days (2004), 53 days (2003).
The average days on market for Keolu Hills houses before sold were 24 days June 2017 compared to 82 days June 2016.
The ratio of Keolu Hills houses sales price vs list price were 101.1% June 2017 compared to 98.9% June 2016.
9 Keolu Hills houses were sold June 2017 compared to 1 house sold June 2016.
The total dollar volume of houses currently for sale in Keolu Hills is $5M and the sold dollar volume year-to-date (Jan - Jul 23, 2017) is $15.17M. In previous years sold dollar volume was $25.14M (2016), $24.17M (2015), $22.2M (2014), $26.68M (2013), $17.47M (2012), $17.61M (2011), $20.43M (2010), $14.06M (2009), $20.04M (2008), $16.99M (2007), $23.78M (2006), $27.23M (2005), $21.35M (2004), $19.45M (2003).
The most recent sale in Keolu Hills was a house located at 1109 Mowai Street, sold for $860K on Jun 27, 2017. It had 2626sf of interior. 9 other recent sales include: 1389 Nanialii Street (1,728sf) sold for $1.02M on 6/23/2017. 1333 Nanialii Street (1,768sf) sold for $939K on 6/23/2017. 1416 Kupau Place (1,212sf) sold for $907K on 6/23/2017. 1426 Lekeona Street (1,642sf) sold for $865K on 6/16/2017. 1344 Humuula Street (1,707sf) sold for $942K on 6/9/2017. 1202 Mowai Street (1,014sf) sold for $812K on 6/9/2017. 1312 Kina Street (1,381sf) sold for $960K on 6/8/2017. 974 Apokula Place (1,980sf) sold for $1.16M on 6/8/2017. 1502 Hele Street (1,452sf) sold for $821K on 5/30/2017.
2 of the houses have ocean views and 4 have mountain views.