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 $779K to $1.69M with a median price of $887K, median interior of 1,689sf and median land size of 7,534sf.
The median price of houses sold in Keolu Hills year-to-date (Jan - May 28, 2017) is $1M. 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).
6 houses have sold in Keolu Hills year-to-date (Jan - May 28, 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 29 days before they were sold (Jan - May 28, 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 6 days April 2017 compared to 100 days April 2016.
The ratio of Keolu Hills houses sales price vs list price were 102.5% April 2017 compared to 99.8% April 2016.
1 Keolu Hills house was sold April 2017 compared to 4 houses sold April 2016.
The total dollar volume of houses currently for sale in Keolu Hills is $7.79M and the sold dollar volume year-to-date (Jan - May 28, 2017) is $5.89M. 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 1139 Nanialii Street, sold for $865K on May 10, 2017. It had 1288sf of interior. 9 other recent sales include: 1444 kina Street (1,903sf) sold for $1M on 5/3/2017. 1323 Kupau Street (1,338sf) sold for $1.1M on 5/3/2017. 1247 Kuuna Street (1,990sf) sold for $999K on 4/11/2017. 1459 Kupau Street (1,536sf) sold for $890K on 2/13/2017. 1155 Manulani Street (1,448sf) sold for $1.02M on 1/27/2017. 1359 Akamai Street (1,226sf) sold for $835K on 11/25/2016. 1402 Onioni Street (4,053sf) sold for $1.16M on 10/21/2016. 1283 Hele Street (1,644sf) sold for $779K on 10/7/2016. 1247 Manulani Street (2,697sf) sold for $1.13M on 9/23/2016.
2 of the houses have ocean views and 7 have mountain views.