Kailua has a certain character that is evident in its every neighborhood. It's a special local-style grace that makes the Windward Side so attractive to homebuyers. Still, if you look a little closer, the different neighborhoods will reveal that each also has their own qualities and identity that set each apart. Two neighborhoods, Olomana and Norfolk, though separated by a car ride of two minutes or less, might be the best examples of the variations that exist within Kailua's city limits.
Olomana Houses – Ranch Houses that Respect the Environment Olomana is named after the mountain whose shadow it sits in, Mount Olomana, well known for its 3 peaks. The neighborhood was established in the 1960's and was immediately popular with commuters for its location right off the Pali Hwy. Yet it's within a quick drive to Kailua's shopping and beaches.
A majority of the houses date to that initial construction, reflecting the low-rise, unpretentious style of Kailua. Due to that design template, many residents have great views of the Koolau Mountains easily seen from their windows and lanais.
The lots are a little smaller than elsewhere in Kailua, but not by much, starting at 7500 sq ft and going to a high of about 8500.
Despite being sited at the corner of two busy highways, the feel is very rural, with trees and greenery all around, fed by the rains that fall here often. In fact, the South side is bordered completely by a forest area, underlining that mood even more.
A review of Olomana homes for sale recently shows them going for $800K to $1M, a definite upswing as the charms of this place are finally getting more attention. From here let's take a very quick drive down H72 toward Waimanalo and take a right onto Old Kalanianaole Road.
Norfolk Houses – Country Estates Minutes from the Beach The Norfolk neighborhood, listed under the title of Govt/Ag in the MLS, takes up a much larger area, yet has far fewer houses, resulting in greater seclusion for each home here. While Olomana is rural, Norfolk is Country.
It's not only the setting that makes that so, it's also the extremely large lots, taking up from .5 to 3 entire acres of land. These are wide open properties you can take a stroll on.
The residences back here were built during the 1980's and 90's, with large floor plans to match the land, some reaching 10,000 sq ft. Due to the Agricultural zoning, some small farming is done here and horses are a familiar part of the scenery. The height levels of some of these properties means you, and even the horses, might enjoy views out to the ocean.
Homes for sale in Norfolk have been acquired recently for $1.5 to $2M, giving the new owners a lot to build on or to leave open and unspoiled.
The choices between these 2 Kailua neighborhoods should be easy for most home buyers. They each present very individual settings, residences and lifestyles. Both, however, present the same clear benefits of life on this side of the Koolaus. A greener environment, a slower paced life and easy reach to the beaches of Kailua and Waimanalo. When you get all that, you're always making the right choice, no matter where you end up in these two communities.
The price range of houses for sale in Olomana is $1.2M to $2.45M with a median price of $1.82M, median interior of 2,578sf and median land size of 28,034sf.
The median price of houses sold in Olomana year-to-date (Jan - Feb 22, 2017) is $1.01M. In previous years it was $925K (2016), $860K (2015), $780K (2014), $735K (2013), $725K (2012), $670K (2011), $744K (2010), $732K (2009), $723K (2008), $740K (2007), $715K (2006), $765K (2005), $569K (2004), $468K (2003).
3 houses have sold in Olomana year-to-date (Jan - Feb 22, 2017). In previous years, the total number of houses sold were 19 (2016), 14 (2015), 13 (2014), 15 (2013), 15 (2012), 19 (2011), 15 (2010), 16 (2009), 10 (2008), 14 (2007), 13 (2006), 17 (2005), 19 (2004), 27 (2003).
On average Olomana houses were on the market for 84 days before they were sold (Jan - Feb 22, 2017). In previous years it was 71 days (2016), 57 days (2015), 99 days (2014), 69 days (2013), 63 days (2012), 67 days (2011), 51 days (2010), 83 days (2009), 32 days (2008), 75 days (2007), 29 days (2006), 35 days (2005), 26 days (2004), 46 days (2003).
The average days on market for Olomana houses before sold were 86 days January 2017 compared to 55 days January 2016.
The ratio of Olomana houses sales price vs list price were 99.0% January 2017 compared to 102.9% January 2016.
2 Olomana houses were sold January 2017 compared to 1 house sold January 2016.
The total dollar volume of houses currently for sale in Olomana is $3.65M and the sold dollar volume year-to-date (Jan - Feb 22, 2017) is $2.91M. In previous years sold dollar volume was $20.83M (2016), $13.52M (2015), $10.3M (2014), $13.91M (2013), $12.27M (2012), $12.9M (2011), $12.69M (2010), $11.94M (2009), $8.06M (2008), $10.17M (2007), $10.32M (2006), $14.41M (2005), $12.48M (2004), $17.12M (2003).
The most recent sale in Olomana was a house located at 1273 Ulupalakua Street, sold for $1.01M on Feb 15, 2017. It had 2568sf of interior. 9 other recent sales include: 1274 Ulupii Street (2,085sf) sold for $1.02M on 1/25/2017. 1055 Uluopihi Loop (2,784sf) sold for $875K on 1/12/2017. 1290 Ulunahele Street (1,524sf) sold for $720K on 10/31/2016. 558 Ulumu Street (1,430sf) sold for $1M on 10/14/2016. 622 Ululani Street (1,898sf) sold for $925K on 10/4/2016. 1386 Manu Mele Street (1,797sf) sold for $1.1M on 8/26/2016. 42-331 Old Kalanianaole Road (1,592sf) sold for $1.45M on 7/12/2016. 656 Ululani Street (1,324sf) sold for $890K on 7/12/2016. 1170 Uluopihi Loop (2,420sf) sold for $1.16M on 6/24/2016.