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.
The Honolulu Condo Market Is No Longer Moving as One
If you've been following Honolulu real estate over the past few years, you've probably noticed a major shift in the condo market. While headlines often paint a broad picture, the reality on the ground is much more nuanced.
Today, three of Honolulu's most popular condo neighborhoods: Waikiki, Kakaako, and Makiki are telling very different stories. Some properties continue to struggle under the weight of insurance increases and special assessments, while others are outperforming recent comparable sales and attracting strong buyer demand.
Let's take a closer look at what's happening.
Waikiki: A Buyer's Market Creates Opportunities
For several years, Waikiki has been one of the most challenging condo markets for sellers. A combination of factors has placed downward pressure on prices and increased inventory throughout the area.
Three major issues have impacted many older condominium buildings:
Many buildings constructed during the 1960s and 1970s are reaching the point where major plumbing replacement projects are necessary. These repairs can be costly and often lead to additional assessments.
A recent sale at Liliuokalani Plaza illustrates the impact of these market forces.
A two-bedroom, two-bathroom condo with approximately 1,000 square feet recently sold for $415,000. Just a few years ago, expectations for that same unit were in the mid-$600,000 range.
For buyers, this may represent one of the best opportunities Honolulu has seen in years. Properties that once felt out of reach are becoming significantly more affordable.
Kakaako: Premium Properties Continue to Perform
While Waikiki has experienced substantial price corrections, Kakaako continues to demonstrate resilience.
A recent sale at The Collection, a newer condominium community in Kakaako, highlights the strength of the neighborhood.
The three-bedroom, two-bathroom unit closed for $1.425 million. What's particularly notable is that the previous comparable sales for the same floor plan had sold for approximately $1.375 million, despite being located on higher floors.
Although the transaction benefited from a motivated 1031 exchange buyer, it demonstrates that well-positioned properties in desirable buildings can still command premium pricing.
Kakaako remains attractive because of its newer construction, modern amenities, walkable lifestyle, and proximity to downtown Honolulu.
For sellers, this is an important reminder that market conditions vary significantly depending on location, building age, and overall desirability.
Makiki: Early Signs of a Recovery
Perhaps the most interesting development is occurring in Makiki.
Like many parts of Honolulu, Makiki experienced a significant correction during the recent condo market downturn. Rising assessments and uncertainty surrounding building maintenance projects pushed some prices lower than many expected.
However, recent activity suggests the market may be stabilizing. Several properties that sold at deeply discounted prices over the past year are now being followed by stronger comparable sales. Buyers are returning to the neighborhood, and some values are beginning to approach pre-2024 levels.
Special assessments remain a factor for many buildings. Some properties continue to carry temporary assessments ranging from a few hundred dollars to several hundred dollars per month. However, many of these assessments are tied to specific improvement projects and are scheduled to expire in the coming years.
As a result, buyers willing to look beyond short-term costs may find compelling opportunities in the neighborhood.
Inventory Trends Are Starting to Shift
One of the most important indicators in the Honolulu condo market is inventory. For several years, the number of available condo listings steadily increased month after month. Higher inventory generally gives buyers more negotiating power and places downward pressure on prices.
Recently, however, a notable shift has emerged. For the first time in many months, year-over-year inventory levels have actually declined compared to the previous year. While it's still too early to call a full market turnaround, this trend suggests the market may be moving toward greater balance.
If inventory continues to tighten while buyer demand remains steady, pricing could begin to stabilize in additional neighborhoods across Honolulu.
What Buyers and Sellers Should Watch Next
The Honolulu condo market remains highly localized.
Waikiki continues to offer exceptional opportunities for buyers seeking value.
Kakaako remains one of the strongest-performing urban markets on Oahu.
Makiki is showing encouraging signs that the worst of the correction may be behind it.
For buyers, today's market may offer opportunities that are unlikely to last forever. For sellers, understanding the unique dynamics of your neighborhood and building has never been more important.
As Honolulu's condo market continues to evolve, staying informed and working with local experts can make all the difference.
Whether you're considering buying, selling, or investing in Honolulu real estate, understanding these neighborhood-specific trends is essential for making informed decisions in today's market.
Welcome to Canal House, located on the highly desirable Diamond Head side of Waikiki at 2611 Ala Wai Boulevard. This beautifully remodeled one-bedroom, one-bathroom residence offers an exceptional opportunity to own a move-in-ready condo in one of Honolulu’s most convenient and scenic locations.
This unit has been completely renovated from top to bottom, featuring modern finishes, upgraded appliances, and a thoughtfully designed open-concept layout that maximizes space, light, and functionality.
Interior Highlights
Virtually Staged Living Room w/ Ko'olau Mountain and Golf Course Views
Step inside and you’ll immediately notice the attention to detail throughout:
Fully remodeled kitchen with new appliances and peninsula seating
In-unit washer and dryer (a rare Waikiki feature)
Brand-new split AC units
Updated bathroom with modern finishes and barn door privacy
Custom closet storage system
Private lanai with canal, mountain, and golf course views
Cross-ventilation from Makai-side windows for natural airflow
Building & Amenities
Pool and Sauna
Canal House offers residents a secure and well-maintained environment with amenities that enhance everyday living:
Secured entry building
Swimming pool with unique dolphin tile mural
Sauna for relaxation
Convenient elevator access
Community areas and resident facilities
Direct proximity to the Ala Wai Canal and outdoor recreation
Unbeatable Waikiki Location
View of Diamond Head, Kapiolani Park and the Gold Coast
Positioned directly across from the Ala Wai Canal, this location is ideal for paddlers, walkers, and anyone who enjoys an active outdoor lifestyle. You are also just minutes from Kapiolani Park, Waikiki Beach, Diamond Head, restaurants, shopping, and golf.
Jefferson Elementary Across the Street
Whether you’re looking for a primary residence, second home, or investment property, this fully remodeled condo offers incredible value in one of Honolulu’s most iconic neighborhoods.
Contact Information
David E. Buck, Realtor | Harcourts Island Real Estate
The Oahu real estate market delivered a mixed performance in April 2026, with some neighborhoods experiencing major growth while others continued to slow down. From a surprising 167% increase in home sales in the Downtown Honolulu to Nuuanu area to dramatic condo price appreciation in Wahiawa, the latest numbers reveal how dynamic Hawaii’s housing market has become.
David Buck of Harcourts Island Real Estate recently shared the newest market data from the Honolulu Board of Realtors, highlighting the key trends buyers, sellers, and investors should watch closely.
Home Sales Across Oahu Show Mixed Results
One of the most eye-catching statistics came from the Downtown Honolulu to Nuuanu region, where single-family home sales increased 167% year-over-year. While that sounds dramatic, the jump was based on a relatively small increase from three sales last year to eight sales this April.
Despite standout growth in a few areas, the broader Oahu housing market showed signs of slowing overall. Of the 21 major neighborhoods tracked by the Honolulu Board of Realtors:
12 neighborhoods experienced declining home sales
2 neighborhoods remained unchanged
7 neighborhoods recorded increased sales activity
This indicates that while select communities remain active, the island-wide market continues to face uneven demand.
Makaha to Nanakuli Leads Home Price Growth
When it comes to median home price appreciation, Makaha to Nanakuli posted the largest increase on Oahu. The median home price in the area jumped 31% year-over-year, rising from $630,000 to $825,000. This significant increase reflects continued buyer interest in more affordable housing markets on the west side of Oahu.
As affordability challenges continue in Honolulu’s core neighborhoods, many buyers appear willing to explore communities farther from town in exchange for larger properties and lower entry prices.
Oahu Condo Market Performs Better Than Single-Family Homes
The condo market on Oahu showed stronger resilience compared to the single-family home sector during April 2026. According to the latest market data:
Condo sales declined in 10 neighborhoods
3 neighborhoods remained flat
8 neighborhoods experienced increased condo sales
Although sales activity still faced challenges, condos outperformed single-family homes overall, which was a notable shift from recent market trends.
Wahiawa Condo Market Sees Massive Gains
Wahiawa stood out as the strongest-performing condo market on the island this month. Condo sales in Wahiawa increased 100% year-over-year, though the growth came from a small sample size of one sale last year compared to two sales this April.
More notably, Wahiawa also recorded the largest condo price appreciation on Oahu. Median condo prices surged 135%, increasing from $120,000 to $282,500.
While smaller transaction counts can sometimes skew percentages, the dramatic increase still highlights renewed interest in affordable condo markets across Oahu.
What This Means for Buyers and Sellers
The April 2026 Oahu real estate market demonstrates that local trends vary dramatically by neighborhood and property type. Some areas are seeing slowing demand and declining sales activity, while others continue to experience strong appreciation and competitive buyer interest.
For buyers, this may create opportunities in slower-moving neighborhoods where inventory remains available. For sellers, pricing strategy and neighborhood-specific market conditions are becoming increasingly important.
The biggest takeaway is that there is no single “Oahu market” right now. Every neighborhood, condo complex, and townhome community is reacting differently to economic conditions, interest rates, and buyer demand.
Stay Updated on Oahu Real Estate
Trends If you want to understand what’s happening specifically in your neighborhood or condo community, local expertise matters more than ever. David Buck with Harcourts Island Real Estate provides monthly updates and personalized insights for buyers, sellers, and investors across Oahu. For more information about the Oahu housing market, reach out directly at 808-371-3509.
Finding a condo in Honolulu is already competitive. But finding one with multiple parking stalls? That’s a completely different challenge.
For many Honolulu condo buyers, parking is one of the most important features when searching for the perfect property. Whether you own multiple vehicles, frequently host guests, or simply want the convenience of extra storage and flexibility, parking can significantly impact both lifestyle and resale value.
According to the latest MLS data, condos with three or more parking stalls make up only about 1% of Honolulu’s active condo inventory. That level of rarity makes these properties highly desirable in today’s Honolulu real estate market.
Honolulu Condo Parking Statistics Breakdown
As of today, there are more than 2,100 active condo listings in Honolulu. Here’s how the current inventory breaks down by parking availability:
544 condos have zero parking stalls
1,071 condos have one parking stall
494 condos have two parking stalls
Only 23 condos have three parking stalls
That means just 1% of Honolulu condos currently on the market offer three parking spaces or more.
Many buyers are surprised to learn how limited parking inventory really is across Honolulu, Waikiki, Ala Moana, and other urban Oahu neighborhoods.
Why Three Parking Stalls Are So Rare
Honolulu’s high-density urban environment makes parking extremely valuable. Older buildings often have limited parking layouts, while newer developments maximize unit count instead of adding extra stalls. In many luxury buildings, even multimillion-dollar condos may only include one or two parking spaces.
Three-stall condos are usually found in:
Larger luxury residences
Penthouse units
Rarely available legacy properties
Buildings with unique parking configurations
Because of this scarcity, condos with multiple parking stalls often command premium demand.
Featured Honolulu Condo Listings
With 3 Parking Stalls Royal Iolani – Spacious Views and Rare Parking
Royal Iolani #3705
One standout listing currently available is a beautifully remodeled three-bedroom, two-bath condo at Royal Iolani.
This property includes:
Three covered parking stalls
Ala Wai Golf Course views
Diamond Head and ocean views
Fully renovated interior completed in 2020
Secure building amenities and swimming pool
Royal Iolani Pool
Located next to Iolani School, this condo offers significantly more space and value compared to similarly priced properties closer to Diamond Head's Gold Coast.
For buyers looking for a larger home without sacrificing location, this is an exceptional opportunity.
Priced around $1.1 million, this condo combines generous living space with one of the rarest features in Honolulu real estate: abundant parking.
What Honolulu Buyers Should Know
If parking is a priority, buyers should start their condo search early and monitor listings closely. Our website lets you look for condos with a minimum number of parking stalls in our Advanced Search Page.
Advanced Search with Parking Stall Filter at the Bottom
Properties with multiple parking stalls tend to attract:
Multi-car households
Families Investors
Buyers relocating from the mainland
Luxury condo shoppers
Because inventory is so limited, having access to customized MLS searches can provide a major advantage.
Final Thoughts
Honolulu condos with three parking stalls are exceptionally rare, especially in desirable neighborhoods near Waikiki and urban Honolulu. With only about 1% of the market offering this feature, buyers searching for extra parking need to act quickly when opportunities become available.
Whether you’re looking for a luxury condo, an investment property, or a spacious primary residence, parking can dramatically impact both convenience and long-term value. If you’re searching for a condo with specific parking requirements, working with a local Honolulu real estate expert can help you identify rare opportunities before they disappear.
