Rare Honolulu Condos With Two Parking Stalls Are Hard to Find
If you're shopping for a one-bedroom condo in Honolulu, parking may be more important than you think. While many buyers focus on price, location, or amenities, one feature is surprisingly rare: two parking stalls.
Based on today's Honolulu condo inventory, only about 5% of one-bedroom condos currently for sale include two parking stalls. If you own multiple vehicles, frequently host guests, or simply want added convenience, that makes these properties stand out from the crowd.
How Rare Are Two Parking Stalls?
The current Honolulu market tells an interesting story.
There are approximately 662 one-bedroom condos for sale throughout Honolulu.
Here's how the parking breaks down:
159 condos (24%) have no parking stall
466 condos (70%) include one parking stall
Only 35 condos (5%) offer two parking stalls
Those numbers highlight just how valuable additional parking can be in Honolulu, where parking is often limited and highly sought after.
Featured Listing: Canal House in Waikiki
Canal House #1504
One of these rare opportunities is located at Canal House on the Diamond Head side of Waikiki.
Highlights include:
1 bedroom, 1 bathroom
Completely remodeled
Beautiful views of the Ala Wai Golf Course and Ala Wai Canal
Protected mountain views
Swimming pool
Two tandem parking stalls
Offered at $475,000
While the parking is tandem, having two dedicated stalls in Waikiki remains an exceptional feature that very few comparable properties can offer.
Featured Listing: Ode Rancho in Makiki
Ode Rancho #408
Another outstanding option is located at Ode Rancho in Makiki.
This spacious residence offers:
1 bedroom, 2 bathrooms
Approximately 800 square feet of interior living space
With nearly 880 square feet of usable space, this oversized one-bedroom rivals the size of many two-bedroom condos while providing the convenience of two dedicated parking spaces.
Search Honolulu Condos by Parking Stalls
If these listings are no longer available (or you're looking for something different) you can still narrow your search.
At HawaiiHomeListings.com, the Advanced Search feature allows buyers to filter properties by the minimum number of parking stalls. Whether you need one, two, or even three parking spaces, you can quickly find homes that meet your needs without sorting through hundreds of listings manually.
1010 Wilder – 2 bedrooms, 2 bathrooms with three parking stalls
Royal Iolani – 3 bedrooms, 2 bathrooms with three parking stalls
Properties with excess parking are uncommon in Honolulu, making these opportunities especially attractive for households with multiple vehicles.
Final Thoughts
Parking is one of the most overlooked features when purchasing a condo in Honolulu. While beautiful finishes and desirable locations are important, having additional parking can improve convenience, increase long-term value, and make your property more appealing in the future.
With only about 5% of one-bedroom condos offering two parking stalls, these listings represent a rare opportunity in today's market.
If you're searching for a Honolulu condo with additional parking, now may be the perfect time to explore your options.
Contact: David E. Buck Harcourts Island Real Estate 📞 808-371-3509
For the past several years, Oahu's condo market has faced significant challenges. Rising inventory, slower sales, and changing market conditions have left many buyers and sellers wondering when things might improve.
The latest data from June 2026 suggests we may finally be seeing a shift.
While single-family home sales continue to soften across much of Oahu, the condominium market is showing encouraging signs of recovery. Let's take a closer look at what the latest Honolulu Board of REALTORS® statistics reveal.
Single-Family Home Sales Continue to Slow
Overall, Oahu's single-family home market experienced another month of declining sales. Island-wide, home sales were down 6.6% compared to June 2025.
Among the 21 neighborhoods tracked by the Honolulu Board of REALTORS®:
13 neighborhoods recorded fewer home sales.
3 neighborhoods remained unchanged.
Only 5 neighborhoods posted year-over-year gains.
One bright spot was the Makiki to Moiliili area, where single-family home sales increased by an impressive 120%, rising from five sales last year to eleven this June.
Although a few neighborhoods remain active, the broader trend suggests buyers are becoming more selective as higher interest rates and affordability continue to influence purchasing decisions.
Moanalua to Salt Lake Leads Home Appreciation
Despite slower sales, home values remain resilient in several parts of Oahu.
The largest increase in median home price occurred in the Moanalua to Salt Lake neighborhood, where prices climbed 33% year over year.
The median sales price increased from approximately $1 million in June 2025 to $1.325 million in June 2026.
While appreciation varies from neighborhood to neighborhood, this demonstrates that limited inventory can continue supporting higher prices even as overall sales activity slows.
Oahu's Condo Market Shows New Life
Perhaps the biggest story this month is the condominium market.
After several years of declining activity, condo sales increased across most of Oahu.
Among the 21 neighborhoods monitored:
12 neighborhoods recorded higher condo sales.
2 neighborhoods remained unchanged.
Only 7 neighborhoods experienced declines.
This marks a noticeable improvement from recent years when declining condo sales were the dominant trend.
One standout neighborhood was Waialae to Kahala, where condo sales jumped an incredible 250% year over year.
Sales increased from just two transactions last June to seven during June 2026, making it the strongest-performing neighborhood for condo sales growth.
While percentages can appear dramatic when starting from smaller sales numbers, the broader trend suggests renewed buyer confidence throughout the condominium market.
Kapahulu to Diamond Head Posts Biggest Condo Appreciation
Condo values also posted strong gains in select neighborhoods.
Kapahulu to Diamond Head recorded the largest increase in median condo price, climbing 51% compared to one year ago.
The median sales price rose from $390,000 to $589,000.
It's important to note that this significant increase likely reflects changes in the mix of properties sold rather than every condo increasing by exactly 51%.
Lower-priced condominiums in Kapahulu or leasehold properties in Diamond Head may have represented a larger portion of sales during the previous year, while higher-priced fee simple units likely contributed to this year's higher median price.
As always, neighborhood-level data requires context to fully understand what's driving the numbers.
What This Means for Buyers and Sellers
June's data points toward a market that may be entering a transition period.
Single-family homes are experiencing slower sales across much of Oahu, while condominiums appear to be gaining momentum after several difficult years.
For buyers, this could mean additional opportunities in the single-family market while competition slowly returns to certain condo communities.
For sellers, pricing accurately and understanding neighborhood-specific trends remain critical, as market conditions can vary significantly from one area to another.
Final Thoughts
Every neighborhood tells a different story, and real estate trends often change quickly.
Whether you're considering buying, selling, or investing, understanding local market data can help you make more informed decisions.
If you'd like personalized information about your neighborhood or a specific condominium community on Oahu, reach out to David Buck with Harcourts Island Real Estate. Local expertise can make all the difference in today's evolving market.
Stay tuned for next month's Oahu Market Update as we continue tracking the trends shaping Hawaii's real estate market.
Discover a Rare Makiki Condo with Two Parking Stalls
If you've been searching for a centrally located Honolulu condo with extra space and hard-to-find amenities, this home deserves your attention. Welcome to Ode Rancho, Unit 408, located at 1447 Kewalo Street in Makiki.
This spacious 1-bedroom, 2-bathroom condominium offers approximately 880 square feet of interior living space, including an enclosed lanai, making it significantly larger than many one-bedroom condos available in Honolulu today.
One of the biggest highlights? Two side-by-side parking stalls, which is a rare feature that adds tremendous convenience and value for homeowners and guests alike.
Secure Building with Classic Western Style
Ode Rancho Secured Entry
Built in 1972, Ode Rancho has a distinctive Western-inspired architectural style that gives the building its unique personality. Residents enjoy:
Secure gated vehicle and pedestrian entrances
Keypad and intercom access for guests
Well-maintained common areas
Beautiful tropical landscaping
Resort-style swimming pool
Western Theme with Cactus and Hombre with Sombrero
Unit 408 is an end unit on the fourth floor, providing added privacy along with peaceful mountain (Mauka) views from the open-air walkway.
Spacious Interior Designed for Comfortable Living
Oversized Living Room with Enclosed Lanai
As you enter the home, you'll find a functional kitchen featuring modern appliances while maintaining its classic charm. A convenient pass-through opens the kitchen to the dining and living areas, creating an inviting layout for entertaining.
Spacious Living Area
Seating Area with Kitchen Pass Through
The oversized living room offers plenty of natural light and connects to the enclosed lanai, expanding the usable interior space to approximately 880 square feet.
The bedroom is generously sized with excellent storage, while the home includes two full bathrooms, providing flexibility that is uncommon in one-bedroom floor plans.
Prime Makiki Location
Makiki District Park
Living in Makiki means you're close to everything Honolulu has to offer.
Nearby attractions include:
Makiki District Park
Safeway Shopping Center
Midtown Eats Food Hall
Ala Moana Center
Waikiki
Downtown Honolulu
University of Hawaiʻi at Mānoa
Easy access to H-1 Freeway
Whether you're commuting to work, heading to the beach, or enjoying local dining, this location places you right in the heart of Honolulu.
Resort-Style Amenities
Ode Rancho Pool
Residents at Ode Rancho enjoy a refreshing swimming pool surrounded by lush landscaping—perfect for relaxing after a busy day.
Combined with the secure building access and rare two-stall parking, this community offers a lifestyle that's difficult to find in urban Honolulu.
Why This Condo Stands Out
This property offers several features that make it especially attractive:
Spacious 880 sq. ft. interior
One bedroom and two full bathrooms
Two side-by-side parking stalls
End-unit privacy
Secure building
Swimming pool
Mountain views
Excellent central Honolulu location
Close to shopping, dining, parks, and freeway access
Parking Stall with Enough Room for 2 Cars
Schedule Your Private Showing
If you'd like to learn more about Ode Rancho Unit 408 or schedule a private showing, contact:
Whether you're a first-time buyer, downsizing, or looking for an investment opportunity in Honolulu, this Makiki condo offers a unique combination of space, convenience, and value.
Mahalo for reading, and be sure to follow for more Honolulu condo tours, neighborhood guides, and Hawaii real estate updates.
Oahu's housing market continues to surprise buyers and sellers alike. While the number of home sales declined in June 2026, prices climbed to another all-time high, proving that demand remains strong despite limited inventory.
At the same time, the condo market is showing encouraging signs after several years of slowing activity. Sales increased, prices rose, and inventory declined for the third consecutive month.
Here's what the latest Honolulu Board of REALTORS® data means for anyone buying or selling real estate on Oahu.
Oahu Single-Family Home Market Update
June was another strong month for homeowners across Oahu.
Home Sales Declined, But Prices Hit a New Record
Although fewer homes sold compared to June 2025, buyers continued competing for a limited number of available properties.
June 2026 Single-Family Home Statistics
Median Home Price: $1,242,500 (▲10.4%)
Closed Sales: 270 (▼6.6%)
Median Days on Market: 13 days (▼45%)
Active Listings: 781 homes
The median sales price surpassed the previous record of approximately $1.2 million, highlighting just how competitive Oahu's housing market remains.
Why Are Home Prices Still Increasing?
Low inventory continues to drive the market.
With fewer than 800 homes available across the island, buyers have limited choices. Well-priced properties continue receiving strong interest and often sell within two weeks.
It's also important to remember that these statistics only include homes that successfully closed. Properties that never sold are not reflected in the monthly market report, meaning these numbers represent what buyers were actually willing to pay.
Is Oahu Still a Seller's Market?
Yes.
Single-family homes remain firmly in seller's market territory.
Key indicators include:
Record-breaking home prices
Extremely low inventory
Homes selling in less than two weeks
Continued buyer demand
For homeowners considering selling, market conditions remain favorable heading into the second half of 2026.
Oahu Condo Market Update
After several challenging years, the condo market may finally be showing signs of stabilization.
Condo Sales Are Rising Again
June produced encouraging results for condominium owners.
June 2026 Condo Statistics
Median Condo Price: $528,000 (▲3.5%)
Closed Sales: 397 (▲10.8%)
Median Days on Market: 40 days
Active Listings: 2,525 condos
This marks the third consecutive month of declining inventory, a positive shift after years of steady increases.
Is It Still a Buyer's Market for Condos?
Yes.
There are currently approximately seven months of inventory, which exceeds the six-month threshold generally associated with a buyer's market.
That means buyers continue to have:
More choices
More negotiating power
Less competition than the single-family home market
However, improving sales and decreasing inventory could indicate that the market is beginning to shift.
What This Means for Buyers
If you're shopping for a single-family home on Oahu, preparation is essential.
Successful buyers should:
Obtain mortgage pre-approval before beginning their search.
Be ready to act quickly when new listings become available.
Work with an experienced local Realtor who understands neighborhood trends.
Avoid waiting for prices to decline, as inventory remains historically low.
Condo buyers currently enjoy more flexibility and negotiating opportunities, making this an attractive segment of the market.
What This Means for Sellers
For homeowners, conditions remain excellent.
If you've been considering selling, current market conditions offer:
Record home values
Limited competition
Faster average selling times
Strong buyer demand
Pricing your property correctly and presenting it well remain critical to maximizing your sale price.
June 2026 Oahu Housing Market Summary
The Oahu housing market continues to tell two different stories.
Single-family homes remain one of Hawaii's strongest seller's markets, with record prices and extremely limited inventory.
Meanwhile, the condo market appears to be moving toward greater stability after several years of slower activity.
Whether you're buying your first home, upgrading, investing, or preparing to sell, staying informed about local market trends is one of the best ways to make confident real estate decisions.
If you'd like personalized guidance based on your goals, I'd be happy to help.
Why did Oahu home prices increase even though fewer homes sold?
Home prices continue rising because inventory remains extremely limited. Strong buyer demand for a small number of available homes pushes prices higher despite fewer total sales.
Is Oahu a buyer's or seller's market?
The single-family home market remains a strong seller's market due to low inventory and fast sales. The condo market remains a buyer's market with approximately seven months of available inventory.
Are Oahu condos recovering?
June 2026 showed encouraging signs. Condo sales increased 10.8%, median prices rose 3.5%, and inventory declined for the third consecutive month.
How long are homes staying on the market?
Single-family homes sold in a median of just 13 days during June 2026, while condos averaged 40 days on market.
The Park at Keeaumoku: A New Way to Live in Honolulu
If you've been searching for a newer condominium in Honolulu without paying Kakaako's premium prices, The Park at Keeaumoku deserves a closer look. Located in the Pawaa neighborhood, just minutes from Ala Moana. This exciting new community combines modern living, walkable convenience, and an impressive lineup of dining options right outside your front door.
The Park on Keeaumoku on Rycroft Street
Completed primarily in 2025, The Park at Keeaumoku has quickly become one of Oahu's most talked-about residential developments. With resale opportunities now available, buyers have more options than ever to own a home in one of Honolulu's newest condo communities.
A Brand-New Food Hall Worth Visiting
Midtown Eats Food Court
One of the biggest surprises at The Park at Keeaumoku is the newly opened food hall. Whether you're grabbing lunch, meeting friends, or simply exploring the neighborhood, there's something for everyone. Current restaurants include:
Ms. Nguyen Vietnamese Cuisine
Sadie's BBQ
Aloha Sugarcane Juices
Ninja Sushi
Soul Kitchen
Feast Refined Grinds
Serge's Mexican Kitchen
Sakurajima Japanese Cuisine
Middle Eats
Manjiamo Gelato
The food hall offers a diverse mix of local favorites and international flavors, making it a convenient dining destination for residents and visitors alike. During weekday afternoons, it's also a great place to enjoy a relaxed meal without large crowds.
Modern Condo Living
The Park at Keeaumoku consists of two residential towers offering a variety of floor plans, including:
Studio residences
One-bedroom condos
Two-bedroom condos
Limited three-bedroom residences
Three-bedroom homes are especially rare, with only one available per floor above the 25th level.
Inside each residence, buyers can expect modern finishes including:
Floor-to-ceiling windows
Spacious lanais
Split air conditioning
Luxury vinyl plank flooring
Quartz countertops
Energy-efficient appliances
These thoughtfully designed interiors combine style, comfort, and functionality for today's homeowners.
Resort-Style Amenities
Swimming Pool and Hot Tub
Fitness Center and BBQ Area
Residents enjoy an impressive collection of amenities designed for both relaxation and entertainment. Highlights include:
Infinity-edge swimming pool
Hot tub
Fitness center
Sauna
Movie theater
Meeting and gathering rooms
Fourteen barbecue grilling stations
Beautiful landscaped park
Pet-friendly community allowing up to two pets under 80 pounds
Move Theater
Whether you're entertaining guests or enjoying a quiet weekend at home, The Park offers amenities typically found in much more expensive luxury developments.
Current Resale Prices
One of the biggest draws of The Park at Keeaumoku is its value compared to newer developments in nearby Kakaako. Current resale pricing generally starts around:
Studios: just over $500,000
One-bedrooms: approximately $689,000 to $1 million
Two-bedrooms: just under $1 million to the mid-$1.5 million range
Three-bedrooms: beginning around $1.6 million
Pricing will vary depending on floor level, view, and unit upgrades, but overall The Park represents an attractive opportunity for buyers seeking newer construction in Honolulu.
Prime Honolulu Location
Location is another major advantage. Residents are within walking distance of:
Ala Moana Center
Walmart
Sam's Club
Starbucks Local restaurants and cafés
Grocery stores
Parks
Bus routes
Everyday conveniences
Although officially located in the Pawaa neighborhood of our MLS, many people simply refer to the area as Ala Moana because of its close proximity to one of Honolulu's premier shopping and entertainment districts.
Is The Park at Keeaumoku Right for You?
Whether you're a first-time buyer, downsizing, relocating to Hawaii, or looking for an investment property, The Park at Keeaumoku offers an appealing combination of modern construction, excellent amenities, walkable conveniences, and competitive pricing. The addition of the new food hall further enhances the lifestyle, giving residents a growing collection of dining options just steps from home.
As more resale opportunities become available, now may be the perfect time to explore everything this exciting Honolulu community has to offer.
If you'd like to learn more about available listings at The Park at Keeaumoku or other Oahu real estate opportunities, feel free to reach out. I'd be happy to help you find the right property for your lifestyle and goals.
Why Kaliu Is One of the Most Anticipated Luxury Condos in Honolulu
Honolulu's luxury real estate market continues to evolve, and one of the most exciting new developments is Kaliu, a boutique condominium tower planned for the front row of Kakaako.
With more than 50% of its residences already sold and prices still at original launch levels, Kaliu presents a unique opportunity for buyers seeking luxury living in one of Oahu's fastest-growing neighborhoods.
Located at 728 Ala Moana Boulevard, Kaliu combines premium oceanfront positioning, wellness-focused amenities, and exclusive residences in a way few new developments currently offer.
Prime Front-Row Location in Kakaako
Location remains one of the biggest factors driving demand in Hawaii real estate, and Kaliu's placement puts it among the most desirable addresses in Honolulu.
Situated between Coral Street and Cooke Street, the development occupies a front-row position along Ala Moana Boulevard. As the roadway bends nearby, many east-facing residences are expected to enjoy protected views of Diamond Head and the Pacific Ocean.
Residents will also benefit from convenient access to:
For those traveling internationally, Honolulu's central Pacific location provides direct flights to major cities throughout North America, Asia, Australia, and New Zealand.
What Makes Kaliu Different?
While many new condominium projects in Kakaako feature 400 to 800 residences, Kaliu is designed as a luxury boutique tower with only 285 units.
This smaller scale creates a more private residential experience while maintaining access to world-class amenities and services. The building's design emphasizes luxury finishes, spacious floor plans, and wellness-centered living, helping it stand apart from competing developments.
Luxury Interior Features
Kaliu residences are designed with high-end materials and finishes throughout. Notable features include:
Miele kitchen appliances
Toto plumbing fixtures
Nine-foot floor-to-ceiling windows
Contemporary luxury design
Spacious open-concept floor plans
Premium cabinetry and surfaces
These finishes place Kaliu among the highest-end residential offerings currently available in Kakaako.
A Wellness-Focused Lifestyle
Perhaps the most unique aspect of Kaliu is its emphasis on wellness and recovery. The sixth-floor spa and wellness center will feature technology and amenities rarely found in residential buildings throughout Hawaii. Highlights include:
AESCAPE Robotic Massage Technology
One of the most innovative features planned for Kaliu is the AESCAPE robotic massage experience, offering residents advanced wellness and recovery treatments.
Ammortal Healing Chamber
Designed to promote recovery and relaxation, the healing chamber adds another layer to the building's wellness-focused approach.
Toto Zero Gravity Flotation Tubs
Select Signature Residences will include private Toto zero-gravity flotation tubs. Residents who do not own a Signature Residence will still have access to similar wellness experiences through the building's spa facilities.
Additional Wellness Amenities
Residents can also enjoy:
Hot and cold plunge pools
25-meter swimming pool
Fitness center
Yoga spaces
Zen garden
Pebble foot massage pathways
Wellness programming
Dog-friendly recreation areas
Signature Residences: Elevated Luxury Living
The most exclusive homes within Kaliu are the Signature Residences. These residences feature larger floor plans, premium locations within the tower, and enhanced privacy.
One of the standout features is a private elevator that provides direct access to select three-bedroom residences. This level of privacy is rarely available in Honolulu condominium projects and appeals to buyers seeking a true luxury experience.
Signature Residence Pricing
Three Bedroom, Three Bath
Starting Price: Approximately $3.5 Million
Living Area: 1,888 Square Feet
Private Elevator Access
Premium Diamond Head Views
Two Bedroom, Two and One-Half Bath
Starting Price: Approximately $2.1 Million
Living Area: 1,146 Square Feet
One Bedroom, One and One-Half Bath
Starting Price: Approximately $1.336 Million
Living Area: 873 Square Feet
Classic Residence Pricing
Buyers seeking a more accessible entry point can explore the Classic Residences. Pricing currently starts around:
One Bedroom: From $890,000
Three Bedroom, Two Bath: From approximately $2.7 Million
Despite the lower entry point, these residences still benefit from Kaliu's luxury amenities, premium location, and modern design.
Why Buyers Are Paying Attention Now
One factor creating urgency among prospective buyers is that developer pricing has not increased since the project's initial launch. Historically, new construction developments in Honolulu often raise prices as sales milestones are achieved and construction progresses. With over half of the inventory already sold, many buyers view the current pricing window as an opportunity before future increases occur.
The Future of Luxury Living in Kakaako
As Kakaako continues to transform into Honolulu's premier urban neighborhood, developments like Kaliu are helping redefine luxury condominium living in Hawaii.
Between its boutique scale, wellness-focused amenities, premium location, and anticipated Diamond Head views, Kaliu offers a compelling option for buyers seeking a modern luxury lifestyle on Oahu.
For those considering new construction opportunities in Honolulu, Kaliu stands out as one of the most distinctive projects currently available in the market.
Conclusion
Kaliu combines everything luxury condo buyers are seeking today: an exceptional Kakaako location, high-end finishes, wellness-centered amenities, and exclusive boutique living.
With strong early sales and pricing still at launch levels, the development has quickly become one of the most talked-about new construction projects in Honolulu.
Whether you're searching for a primary residence, second home, or long-term investment property, Kaliu deserves a place on your shortlist.
The Oahu real estate market delivered several surprises in May 2026, with certain neighborhoods posting remarkable gains in both sales activity and property values. While market conditions continue to vary across the island, recent data from the Honolulu Board of REALTORS® reveals encouraging signs for both homeowners and condo owners.
One neighborhood in particular stood out from the rest, recording the largest increase in condo appreciation and tying for the highest growth in condo sales volume.
Let's take a closer look at the biggest winners in Oahu's housing market this past month.
Single-Family Home Market Highlights
The single-family home market showed strong performance across much of Oahu. Of the 21 major neighborhoods tracked by the Honolulu Board of REALTORS®, 11 experienced year-over-year increases in home sales, one remained unchanged, and nine reported declines.
This means a majority of Oahu neighborhoods saw increased buyer activity compared to May 2025.
Largest Increase in Home Sales
The Moanalua to Salt Lake area recorded the largest year-over-year increase in home sales activity.
May 2025: 3 home sales
May 2026: 7 home sales
Increase: 133%
While transaction counts remain relatively low, the growth indicates rising demand in this central Oahu community.
North Shore Leads Home Price Appreciation
When it comes to property value growth, the North Shore claimed the top spot among all Oahu neighborhoods.
North Shore Single-Family Home Appreciation
May 2025 Median Sales Price: $1,290,500
May 2026 Median Sales Price: $1,700,000
Increase: 32%
This substantial gain highlights the continued desirability of North Shore properties, where limited inventory and strong buyer demand continue to support home values.
Oahu Condo Market Update
The condo market presented a mixed picture in May. Among the 21 neighborhoods analyzed:
10 neighborhoods experienced declines in condo sales volume
3 neighborhoods remained flat
8 neighborhoods recorded increases
Although more neighborhoods saw declining sales than increasing sales, the overall trend may indicate improving market conditions compared to previous months.
Largest Increase in Condo Sales
Two neighborhoods tied for the highest year-over-year increase in condo transactions:
While the total transaction counts remain relatively small, both neighborhoods demonstrated significantly stronger buyer activity than a year ago.
Waialae-Kahala Dominates Condo Appreciation
The biggest story of the month was Waialae-Kahala's remarkable condo price growth.
Waialae-Kahala Condo Appreciation May 2025
Median Sales Price: $555,000
May 2026 Median Sales Price: $922,500
Increase: 66%
This was the highest condo appreciation rate recorded among all Oahu neighborhoods during May 2026.
Such a dramatic increase can often be influenced by the specific properties sold during a given month, particularly in luxury neighborhoods where transaction volume tends to be lower.
Kahala Beach Apartments and the Land Lease Question
One factor impacting the Waialae-Kahala condo market is the ongoing situation surrounding Kahala Beach Apartments.
As of July 2026, only one year remains on the property's current land lease agreement. Unless significant changes occur, many owners may face uncertainty regarding future occupancy rights after the lease expires in 2027.
This situation has contributed to unusually low asking prices for some units, with certain properties reportedly trading below $100,000 despite being located in one of Oahu's most desirable neighborhoods. Prospective buyers should carefully evaluate the risks and opportunities associated with leasehold properties before making purchasing decisions.
What This Means for Oahu Buyers and Sellers
May 2026 data suggests that Oahu's housing market continues to show resilience despite varying performance among neighborhoods. Key takeaways include:
Home sales increased in the majority of Oahu neighborhoods.
North Shore led single-family home appreciation with a 32% gain.
Moanalua-Salt Lake recorded the largest increase in home sales activity.
Diamond Head-Kapahulu and Waialae-Kahala tied for condo sales growth.
Waialae-Kahala dominated condo appreciation with a 66% increase in median sales price.
As always, real estate remains highly localized. Buyers, sellers, and investors should focus on neighborhood-specific trends rather than island-wide averages when making decisions. For those considering buying or selling on Oahu, staying informed about local market conditions can provide a significant advantage in today's competitive environment.
When most people think of Hawaii's architectural heritage, they picture open-air homes, tropical modernism, and seamless indoor-outdoor living. What many don't realize is that some of Hawaii's most influential architectural ideas can be traced back thousands of miles to Vienna, Austria.
Recently, I had the opportunity to attend an extraordinary two-day event titled "Space Architects: Schindler, Preis, and Ossipoff," hosted by the Liljestrand Foundation, DOCOMOMO Hawaii, the Honolulu Museum of Art, and the Kaimana Beach Hotel. The event explored the fascinating connections between Austrian-born architects and the development of modern architecture in Hawaii.
What I discovered was a remarkable story that connects Vienna, Los Angeles, Honolulu, and some of the most influential architects of the 20th century.
Discovering Rudolph Schindler
The event began at the Doris Duke Theatre at the Honolulu Museum of Art with a screening of a documentary about architect Rudolph Schindler by Valentina Ganeva. Before attending, I knew very little about Schindler. By the end of the evening, it was clear that he was one of the most innovative architects of his generation.
Born in Vienna, Austria, Schindler immigrated to the United States and eventually worked for legendary architect Frank Lloyd Wright. While many people associate modern architecture with the post-World War II era, Schindler was experimenting with groundbreaking ideas decades earlier.
His use of concrete, translucent materials, open floor plans, and innovative living spaces challenged conventional architecture and helped establish principles that would later become synonymous with mid-century modern design.
One of his most famous works, the Kings Road House in Los Angeles, remains an architectural landmark and a testament to his visionary approach.
The Vienna-Hawaii Connection
What makes Schindler's story particularly relevant to Hawaii is the unexpected connection between Vienna and Honolulu. Another influential architect with Austrian roots was Alfred Preis, best known in Hawaii for designing the USS Arizona Memorial. Preis also contributed significantly to Honolulu's architectural landscape through numerous commercial and residential projects.
Like Schindler, Preis was born in Vienna and brought European modernist influences to his work. The event highlighted how these Austrian architects helped shape the evolution of modern architecture and influenced future generations of designers in Hawaii.
Vladimir Ossipoff: Hawaii's Master Architect
No discussion of Hawaii architecture would be complete without mentioning Vladimir Ossipoff. Often referred to as Hawaii's master architect, Ossipoff created some of the islands' most iconic residential, commercial, and institutional buildings. His designs emphasized harmony with Hawaii's climate, culture, and natural surroundings.
Growing up on Oahu, I was surrounded by Ossipoff's work without fully realizing it. His influence can be seen everywhere from some of my family's residences to Punahou School, Outrigger Canoe Club, the Pacific Club and many more public spaces.
The Liljestrand House, where the second evening's events were held, is widely regarded as one of the finest examples of Ossipoff's work and a masterpiece of tropical modern architecture. Today, the home serves as both an architectural landmark and a reminder of the lasting impact Ossipoff had on Hawaii's built environment.
Preserving Hawaii's Architectural Heritage
One of the most inspiring aspects of the event was meeting architects, historians, homeowners, and preservation advocates dedicated to protecting Hawaii's architectural legacy. Organizations like DOCOMOMO Hawaii and the Liljestrand Foundation continue to educate the public about the importance of preserving mid-century modern architecture.
The Liljestrand House on Tantalus
Honolulu City Light View from the Liljestrand House
The 2nd night was at the Liljestrand Home on Tantalus. I carpooled there with Margaret Murchie, a Realtor friend I worked with at Coldwell Banker early in my career.
Margaret Murchie and I at the Liljestrand House
The backdrop of such a beautiful home and property really made the night special. Kristi Cardoso and Trudi Couillard from the Liljestrand Foundation put an a spectacular event! There was Austrian beer, wine and charcuterie.
The People Bringing Architectural History to Life
Valentina Ganeva, Axel Schmitzberger and Graham Hart
One of the most valuable aspects of the "Space Architects: Schindler, Preis, and Ossipoff" event was the opportunity to hear directly from the individuals who are actively preserving, documenting, and sharing this architectural legacy with new generations.
Valentina Ganeva: Telling Schindler's Story
At the center of the event was filmmaker Valentina Ganeva, whose documentary on Rudolph Schindler served as the foundation for many of the weekend's discussions.
Ganeva's film is the result of years of research and dedication to uncovering Schindler's life, work, and influence on modern architecture. Through interviews, historical archives, and thoughtful storytelling, she introduces audiences to an architect who was often overshadowed by contemporaries such as Frank Lloyd Wright and Richard Neutra, despite being one of the most innovative designers of the twentieth century.
What stood out most was her passion for connecting seemingly unrelated people, places, and events. Throughout the documentary and subsequent discussions, she explored how unexpected connections and coincidences helped shape Schindler's journey and influence. Her work not only preserves architectural history but makes it accessible and engaging for people who may have never heard Schindler's name before attending the event.
Axel Schmitzberger: Connecting Vienna, Hawaii, and Modernism
Architect, educator, and author Axel Schmitzberger provided another crucial perspective throughout the weekend.
As someone deeply involved in researching Alfred Preis and preserving modernist architecture, Schmitzberger helped draw many of the connections between Vienna's architectural traditions and their influence on Hawaii. His expertise brought additional context to the lives and careers of both Rudolph Schindler and Alfred Preis, demonstrating how their Austrian roots shaped their design philosophies.
During the event, Schmitzberger discussed his extensive research into Preis, work that ultimately led to the publication of his book on the architect. Beyond his scholarship, he has also been actively involved in preserving significant mid-century homes on Oahu, working alongside homeowners and preservation advocates to ensure these architectural treasures remain intact.
His efforts demonstrate that preservation extends beyond academic research. It requires collaboration among architects, historians, homeowners, and community members who recognize the importance of protecting Hawaii's architectural heritage.
Coincidentally, I recently listed an Alfred Preis-designed home for sale, which sparked even more curiosity on my part. The timing of this event couldn't have been better. Listening to Axel Schmitzberger discuss Preis's life and work gave me a much deeper appreciation for the architect and his lasting impact on Hawaii.
Graham Hart: Preserving Hawaii's Architectural Legacy
Local architect Graham Hart brought an important Hawaii-focused perspective to the panel discussions.
Hart has long been involved in architectural preservation efforts throughout the islands and serves as an advocate for protecting Hawaii's modernist landmarks. His work with DOCOMOMO Hawaii and other preservation organizations has helped raise awareness about the cultural and historical significance of mid-century architecture.
One of Hart's most notable contributions is his involvement with Palehua, Vladimir Ossipoff's personal retreat in Makakilo. Today, the property serves as a nonprofit educational resource that allows visitors to experience Ossipoff's design philosophy firsthand. Through stewardship and public engagement, Hart and his colleagues have helped ensure that future generations can appreciate one of Hawaii's most important architectural sites.
During the panel discussions, Hart offered valuable insights into how architects such as Ossipoff, Preis, Alan Johnson, Tommy Perkins, and Philip Fisk influenced one another and collectively shaped Hawaii's architectural identity. His perspective highlighted the collaborative nature of Hawaii's architectural community and the lasting impact these designers continue to have on the islands today.
Why Their Work Matters
The stories of Schindler, Preis, and Ossipoff might not be as widely known as some of architecture's biggest names, but thanks to the efforts of people like Valentina Ganeva, Axel Schmitzberger, and Graham Hart, their contributions are reaching new audiences.
Whether through filmmaking, research, preservation, education, or advocacy, these individuals are ensuring that Hawaii's architectural history is not only remembered but actively celebrated. Their work reminds us that architecture is more than buildings. It is a record of cultural exchange, innovation, and the people whose vision helped shape the places we call home.
Hidden Mid-Century Modern Neighborhoods on Oahu
For architecture enthusiasts, Oahu offers several neighborhoods where mid-century modern design can still be experienced today. Areas such as Puu Panini, Waialae Nui Ridge, and portions of Manoa feature notable examples of homes designed by Ossipoff, Preis, and their contemporaries.
Many of these homes remain privately owned, but their architectural influence continues to shape Hawaii's residential design market.
As a real estate professional who specializes in distinctive and architecturally significant homes, I've had the privilege of helping buyers and sellers appreciate the unique value these properties offer.
Why This History Matters Today
Architecture tells the story of a place and its people. The connections between Vienna, Los Angeles, and Honolulu demonstrate how ideas travel across continents and generations. The work of Rudolph Schindler, Alfred Preis, and Vladimir Ossipoff reminds us that innovation often emerges through collaboration, cultural exchange, and a willingness to challenge convention.
Understanding these influences helps us better appreciate the homes, buildings, and communities that define Hawaii today.
For anyone interested in architecture, history, design, or Hawaii real estate, the stories behind these remarkable architects offer a deeper understanding of the islands we call home.
Final Thoughts
Attending the "Space Architects: Schindler, Preis, and Ossipoff" event was an incredible experience that reinforced the importance of preserving and celebrating Hawaii's architectural heritage.
The unexpected connection between Vienna and Hawaii reveals a fascinating chapter in architectural history, one that continues to influence the way we design, build, and live today.
Whether you're an architecture enthusiast, homeowner, investor, or simply curious about Hawaii's history, exploring the legacy of these visionary architects offers valuable insight into the islands' unique character and enduring beauty.
If you've been searching for an ocean-view home in Honolulu, 5864 Kalanianaole Highway, Unit B deserves a closer look. Located in the desirable Kuliouou neighborhood of East Oahu, this spacious residence combines breathtaking coastal views, flexible living arrangements, and convenient access to some of Honolulu's most sought-after beaches and amenities.
Situated directly across Kalanianaole Highway from beach access on Paiko Drive, this property offers the rare opportunity to enjoy the beauty of island living while remaining just minutes from Hawaii Kai, Costco, restaurants, shopping, and recreational activities.
A Prime Kuliouou Location
Location is everything in Hawaii real estate, and this home delivers. Kuliouou is known for its peaceful residential atmosphere while maintaining quick access to Honolulu's urban conveniences.
Just a short walk from the property, residents can access a quiet stretch of shoreline near Paiko Drive. The area is popular among surfers, paddle boarders, and outdoor enthusiasts who appreciate East Oahu's natural beauty.
The home's elevated position provides panoramic ocean views stretching from Hawaii Kai and Portlock toward Paiko and beyond.
Over 3,000 Square Feet of Flexible Living Space
Built in 1988 by respected contractor Marshall Rosa, the home offers over 3,000 square feet of interior living space spread across multiple levels. Designed for flexibility, the property includes:
Five bedrooms
Five bathrooms
Four covered parking stalls
Multiple ocean-view lanais and decks
Separate studio space with a full bathroom
Bonus loft area
Mitsubishi split-system air conditioning
Luxury vinyl plank flooring
Open-concept living and dining spaces
This versatile floor plan makes the home ideal for multigenerational living, extended family, guests, remote work, or creative studio space.
Ocean Views from Nearly Every Room
Sample of Many Bedrooms with Ocean Views
One of the home's most impressive features is the abundance of ocean views throughout the property.
From the main living area, expansive windows frame views of the Pacific Ocean and the coastline stretching toward Hawaii Kai. The open-concept design allows natural light and trade winds to flow through the home while creating a seamless connection between indoor and outdoor living.
Several bedrooms enjoy ocean views as well, giving residents the opportunity to wake up to Hawaii's beautiful coastline each morning.
Private Outdoor Spaces
2 of 4 Outdoor Lanais
The property features multiple lanais and private decks designed to take full advantage of the surrounding scenery.
Whether you're enjoying your morning coffee, watching passing surf conditions, or entertaining guests, these outdoor living spaces provide the perfect setting to enjoy East Oahu's year-round tropical climate.
The upper-level primary suite includes its own private lanai, creating a peaceful retreat with spectacular ocean vistas.
Designed for Comfort
Modern upgrades throughout the home enhance both comfort and functionality.
Multiple Mitsubishi split-system air conditioning units provide cooling when needed, while jalousie windows capture refreshing trade winds for natural ventilation. A solar attic fan helps maintain comfort in the loft area, even during warmer summer months.
Combined with the home's spacious layout and thoughtful design, these features create a comfortable living environment year-round.
The East Oahu Lifestyle
Living in Kuliouou means enjoying easy access to some of Oahu's most desirable destinations. Residents are minutes from:
Hawaii Kai shopping centers
Costco
Local restaurants and cafes
Beaches and surf breaks • Hiking trails
Marinas and boating activities
Downtown Honolulu
Diamond Head
This combination of convenience and coastal living makes East Honolulu one of the island's most desirable residential areas.
Schedule a Private Tour
5864 Kalanianaole Highway, Unit B offers a unique opportunity to own a spacious ocean-view home in one of Honolulu's most sought-after neighborhoods. With over 3,000 square feet of living space, five bedrooms, multiple outdoor areas, and beach access just across the street, this property captures the essence of Hawaii living.
For more information or to schedule a private showing, contact:
Oahu Housing Market Update: Signs of Change in the Condo Market
The latest Oahu housing market statistics for May 2026 reveal two very different stories unfolding across the island. While single-family homes continue to operate in a strong seller's market, the condo market may finally be showing early signs of recovery after years of inventory growth and market challenges.
As local buyers, sellers, and investors continue to navigate changing market conditions, understanding these trends can help you make informed real estate decisions.
Oahu Single-Family Homes Remain in a Strong Seller's Market
Single-family homes continue to be one of the strongest segments of the Oahu real estate market. In May 2026, home sales increased 8.5% year-over-year, rising from 235 sales in May 2025 to 255 sales this year.
Although the median sales price dipped slightly from $1.175 million to $1.166 million, the change represents less than a 1% decline and indicates overall price stability in the market.
Perhaps the strongest indicator of market strength is how quickly homes are selling. Median days on market fell by 38%, dropping from 21 days last year to just 13 days this May.
Inventory levels also continue to shrink. Active single-family home listings decreased by 10.8%, falling from 818 homes available a year ago to just 730 homes today.
For perspective, inventory levels around 800 homes have historically been considered low. Seeing available inventory drop into the 700s is exceptionally rare for Oahu.
Another important metric is months of remaining inventory, which currently sits at only three months. According to the National Association of Realtors, any market with less than six months of inventory is considered a seller's market.
What Price Range Is Selling Best?
Oahu Home Sales by Price Range
The majority of single-family home transactions continue to occur between $1 million and $1.5 million. While luxury properties above $2 million experienced increased activity compared to last year, homes priced above $3 million saw fewer transactions. For most sellers, the $1 million to $1.5 million price point remains the sweet spot in today's market.
Oahu Condo Market Shows Early Signs of Stabilization
The condo market tells a different story. Condo sales declined 9.4% year-over-year, dropping from 374 sales in May 2025 to 339 sales in May 2026.
Despite fewer transactions, condo prices continue to move upward. The median condo sales price increased 4%, rising from $500,000 to $520,000. Condos are also taking slightly longer to sell. Median days on market increased from 39 days to 43 days, representing a 10.3% increase.
However, there is some encouraging news for condo owners.
Condo Inventory Finally Begins to Decline
Active Inventory on Oahu
For the first time in quite a while, active condo inventory (year over year) has started moving in the right direction. Available condo listings fell 6.6% year-over-year, decreasing from 2,556 units to 2,387 units. This inventory reduction may signal that the market is finally absorbing some of the excess supply that accumulated over the past two years.
Many local real estate professionals point to the condo insurance challenges that emerged in early 2024 as a major factor behind the sharp increase in inventory. Since then, inventory levels have climbed significantly, creating a more favorable environment for buyers. Now, the market appears to be entering a period of stabilization.
Still a Buyer's Market - But Improving
Months of remaining inventory for condos fell from 7.1 months to 6.6 months. While this remains technically a buyer's market because inventory exceeds six months, the trend is moving in a positive direction for sellers. If inventory continues declining over the coming months, market conditions could become more balanced.
Which Condos Are Selling?
Oahu Condo Sales by Price Range
Unlike the single-family home market, condo sales are spread across a wider range of price points. Most transactions occur between $200,000 and $1 million, with no single price bracket dominating activity.
Once condo prices exceed $1 million, transaction volume declines considerably. The slowest-moving segment of the condo market remains luxury condos priced above $2 million, where inventory levels remain elevated and buyers have significant negotiating power.
Opportunities for Oahu Buyers
For buyers with available cash or strong financing, today's condo market may present some of the best opportunities seen in years. Higher inventory levels, longer marketing times, and reduced competition in the luxury segment create favorable conditions for negotiation. In particular, luxury condos above $2 million and select properties in the low-$1 million range may offer substantial long-term value as inventory levels continue to normalize.
Looking Ahead
The May 2026 Oahu housing market data reinforces a clear theme: single-family homes remain firmly in seller's market territory, while condos continue to operate as a buyer's market. The difference today is that condo inventory is finally moving in the right direction.
While it's too early to declare a full recovery, the recent decline in inventory and months of supply suggests the market may finally be turning a corner. For homeowners considering selling, investors evaluating opportunities, or buyers searching for the right property, understanding these trends is essential as Oahu's real estate market continues to evolve.
If you'd like to discuss your specific situation or learn more about opportunities in today's market, contact David Buck with Harcourts Island Real Estate at 808-371-3509. Mahalo for reading.
