2316 Round Top Drive (MLS # 202206724) in Makiki Heights
This 3 bedroom, 2.5 bathroom home was built in 1954 by arguably one of Hawaii's best mid century modern architects. How fitting, considering there was a recent press release of the 60 Year Anniversary of the Arizona Memorial (also designed by Alfred Preis. This owner has done a great job of keeping the mid century style.
Original Mid Century Kitchen
The kitchen was kept true to its mid century style with the stained mahogany cabinets there were signature of his work at the time. The angled built in drawers were also signature of his work. I also love that it has the stainless steel countertops, which you don't see as much these days. I loved that feature when I was in the Honolulu Fire Dept. here. Nearly every station had a stainless steel countertop that was great for prep and cooking.
Thinner Mid Century CMU Blocks on Wall
Outside of the traditional open beam ceiling, the thinner CMU concrete blocks seen on this wall were typical of Alfred Preis mid century modern homes of the era.
Planter Near Entry
Outside of the features mentioned in this article, this planter feature is also something that Preis did and we have in our home as well. To learn more about mid century modern homes on Oahu, feel free to contact me for more information.
Thinking of owning a home with a paddle tennis or pickle-ball court on Oahu? Here's two listings on Hawaii Loa Ridge and Maunawili to consider this Tuesday:
1. 699 Kahiau Loop (MLS # 202125784) on Hawaii Loa Ridge
This home on Hawaii Loa Ridge sits on nearly a half acre and has ocean and Diamond Head views. It's also smartly designed in that the court is on the leeward side of the ridge, so the main home up above would help block the winds on a typical trade wind day. Not a bad set up, to have your own pickle ball court. However if you ever get bored and want to play some traditional tennis, you can go to the full sized courts within your own gated community.
This Maunawili home just hit the market and is also situated on just under a half acre in Kailua. Similar to the Hawaii Loa Ridge Home, it has a swimming pool as well. What I love about this one is you have your own covered lanai/cabana adjacent to the court to cool off with a cold drink while watching others play.
Well the trade-winds are blowing today and I want to give you a tour of my 3 bedroom, 2 bath listing here. As you can see from the walkway here, you have a nice backdrop of Tripler Hospital. So, this makes a great location for those working at Tripler, nearby Fort Shafter or Hickam. Those are just 3 of the nearby military installations if someone were to PCS to Oahu. This is an end unit. It's a 3 bedroom, 2 bath with 2 (covered) parking stalls.
Entry, Remodeled Kitchen and Extra Storage
As we enter unit #1012 (MLS # 202204791), this is an end unit, so you're not going to have any neighbors walking by you. You come out of the elevator in the middle of the building and here you are at the end. As you step into it, check out this beautifully remodeled kitchen. It was done in 2016, with all new hardwood cabinets, oven, cooktop, dishwasher and look at all this extra storage my clients added on here with drawers on either side of this island. There's a stainless steel refrigerator as well as the rest of the appliances here. They've also built out this extra storage here as you come into the entry on the left, which is quite convenient for those Costco runs.
Dining Area
As you enter in here, you've got additional storage with that same modern theme. There's a nice dining area, which is hard to get in condos, to get that separate dining and living space, which you've got here, as well as a bar. As you take a step back, you'll see that great view you have of the mountains.
Hallway w/ Laundry, 2 Bedrooms, 1 Bath
As you walk into the hallway off to the left, you have a full washer/dryer. It's a stack off of the hallway. You've got one bathroom here, a full bathrooms off of the left. There's a full bedroom at the end of the the hall (bedroom #1) with a closet and views of Moanalua High School out the back. Next, you're going to come back to bedroom #2, also with a full mirrored closet and a nice garden view of the complex out the window.
Main Living Area
As you come back around to the main living area once again, you'll see the TV and cable is included in the maintenance fees as well as water, hot water, commons area (which we'll get to in a second). Here off of the left, you enter the master bedroom.
Master Bedroom
There's a spacious area for a master bed and you can have your night stands on either side. You have a full closet to the left and you also have a walk in closet here, which is kind of used for storage at this point. But, it is a walk in closet as you can see and here' s the master bath.
Cross Ventilation and Lanai
This is one of the big selling points - You get great cross ventilation if you keep that window open there, with the mauka views out that direction. If you keep this slider open, the wind kind of hums right through here. You've got additional storage out here on the lanai and check out this view out the back! These are more of the other buildings at Country Club Village and you've got your cabana and pool down below. Hence its name, Country Club because adjacent to the right is Honolulu Country Club here in Salt Lake. Check out that view! You'll definitely get some sunset view throughout the year facing this westerly direction. The sun will also be coming out of the east in this (opposite) direction.
Well, I hope you're having a great spring so far! This is David Buck with Harcourts Island Real Estate here to give you the local market report for single family homes and condos on Oahu for the month of March, 2022.
Single Family Home Update
First, we're going to discuss the single family homes and Kalihi-Palama saw the largest increase in numbers of sales, which were up 44%, going from 9 sales in March of '21 to 13 sales in March of this year. What was really interesting to see when we were looking at the data, was of the 21 neighborhoods that the Honolulu Board of Realtors tracked, 12 of them (which is over half) were down in the numbers of sales year over year. Only 4 neighborhoods were up year over year with the number of transactions and there were 5 of those neighborhoods which were actually flat with no change in the numbers of transactions.
Regarding the median price, Moanalua-Salt Lake saw the largest increase year over year. In March of 2021, the median price in Moanalua-Salt Lake (which is kind of in the backdrop behind me with Tripler Hospital) was at $880,000. This past month, it jumped up 61% to $1,420,000. What was also interesting to report was every single neighborhood (but one) that the Honolulu Board of Realtors tracks was up regarding median sales price. The one neighborhood that was down was Waialae-Kahala. People may be getting priced out of there, because that median price was like $3.4 million last year. So, it's not surprising to see that it's not keeping up.
Condo Update
Well, you might recognize the backdrop here. This is the Ocean Villas at Turtle Bay and the reason for that is the North Shore saw the largest increase in the number of condo sales year over year. They were up 125% from March of last year, going from 4 sales to 9 sales this year. Following shortly thereafter was Makaha-Nanakuli, which was actually up 118%. What that's really showing is the rural areas of Oahu are showing a lot of strength in the spring. The metro areas of town haven't bee as strong. We'll see that trend continue shortly when we talk about the median condo price here on Oahu.
Last, but not least, the median condo price on Oahu saw the largest increase by far, up triple digits, up 208% was the Windward Coast of Oahu. My guess or speculation for that was the most affordable product on that coastline was this building behind me called Hanohano Hale (next door to Pats at Punaluu). A year ago in March of 2021 the median condo price on the Windward Coast was $150,860. Fast forward to today and it's now at $465,000. What I'm going to extrapolate out of that was there were probably more trades happening closer to Kaneohe Town, closer to Kaneohe and Temple Valley, where that price point is a little bit higher. However, we are seeing an increase in places along this Windward Coast, such as Hanohano Hale, but even more importantly at Pats at Punaluu. I've got two listings there and everything that's been on the market has been on fire! There's been 1 bedroom trades in that $400,000-$500,000 range. There's one at $550,000 under contract and I've got a few penthouses for sale just under $1 million, which is a great deal to live oceanfront on Oahu!
To learn more about what's going on in your specific neighborhood, feel free to give us a call. Mahalo!
Aloha! Well March was another month to shatter some records - both for single family homes and condos here on Oahu. This is David Buck with Harcourts Island Real Estate here to give you the market report for March of 2022.
Single Family Home Stats
The single family homes shattered that record again. So, $1,150,000 is now the new record price for the median home on Oahu. That was an uptick of $25,000 from the previous record of $1,125,000. It's also up 21.1% from a year ago, which is just crazy! The median sales price for a home on Oahu in March of '21 was just $950,000. Fast forward to today and that's a 21.1% increase.
The number of sales, however are down. There's not as much inventory out there. The numbers of trades on the single family home front were down 11.1%. That was going from 361 sales a year ago to 321 sales this year. Days on Market was flat. It was a Seller's market last year with just 9 Days on Market. We're still at 9 Days on Market a year later for March of '22. Stay tuned and I'll be right up to give you an on the condo report. Mahalo.
Condo Stats
As I mentioned earlier, the condos also crushed the previous record here on Oahu. So, the new record for condos here on Oahu is at $515,000 for that median price. That was not as much an increase (year over year) as the single family home front, but that was up 14.3%. In March of '21 the median price for a condo on Oahu was $451,000 and now it's $515,000. That's a great bump, going up 14.3%.
Days on Market was similar to single family homes at just 9 Days. It's a phenomenal Seller's Market. A year ago, it was 14 Days on Market. It has gotten even better (for Sellers) which is down 35.7% for Days on Market. I skipped over the sales, but the number of condo trades were up 7.3%. So, the number of transactions were higher for condos vs. the single family homes where the sales slowed down a little bit due to inventory. Those trades were going from 626 sales a year ago to 672 sales this year.
David's 2021 Sales
Speaking of sales, I opened up a box from Harcourts North America and unfortunately, I couldn't make the awards program. They had the North American Annual Conference in Scottsdale, AZ and I was pleasantly surprised that I ended up in the Top 10 for Harcourts North America and they sent me some goodies over here, so I just wanted to say thank you to the team at Harcourts North America.
If there's anything we can help with in this market, every segment is different. In general, most places prices are up, Days on Market are down. There's still some good bargains out there, but the market is doing its typical softening going into April, which we're now in. With tax season, we'll see how things will continue into the rest of the spring and into the summer. Mahalo!
I'm here at Kalama Kuu in Hawaii Kai. I want to give you a tour of my new listing here in Kalama Valley. It's a beautiful detached single family home, which you can see behind me. It's got a nice outdoor porch and I'll take you in through the front door in a second.
Entry and Great Room
As we approach the front door, I wish you could feel this, but it's got beautiful central air going on here. There's a nice great room and vaulted ceilings. This was originally a Schuler build, which later got acquired by DR Horton (which is a national home builder). It's just over 1800 sq. ft under roof with 3 bedrooms, 2.5 baths.
Downstairs Office/Den
There's a downstairs office, which could be a flex space. You do see a bed in here. You'll notice there's plantation shutters throughout the home. There is no closet in this room, however when you take a step backward, you'll see that there's a closet here off of the half bath, which you have downstairs.
Living Room, Dining and Kitchen
There's lots of flex space and options here.You kind of have a nice great room with dining off to the side. Then as you walk into here, you have your kitchen, which was remodeled in 2014. There's plantation shutters once again to your outdoor yard space. It's not a bad view to look at while doing dishes.
As I mentioned, there's central air conditioning, which was redone 2 years ago and there's 2 compressors out the back. There's dual systems with thermostats for upstairs and downstairs. There's a pantry of the kitchen, with a built in microwave next to it.
As I take a step back, you can see you have a nice outdoor area for entertaining. You'll see the yard and off to the right are those newer (AC) compressors. It's amazing how quiet it is in here. Like I said, it's a great flex space, with a formal den and area to watch TV.
Upstairs
As we go upstairs, we'll see 3 bedrooms and 2 baths. As you go up the stairs, you see these nice displays off to the left here, which I've seen in some of the DR Horton homes over the years. It's a nice feature to display artwork. As you get to the top of the stairs, the master suite will be here on the left. There's another carve out display (to the left of the master entry) and you have your upstairs thermostat there, then you have bedroom #2, bedroom #3 and a full bath, which we'll come back to in a second.
2nd Full Bath
There's a nice storage off the landing area. As I walk in to the full bath, you have vinyl windows, a nice long countertop, a nice sized tub, shower and linen storage off to the right.
Bedroom #3
What we're referring to as bedroom #3 has a generous space, once again beautiful plantation shutters and also a formal walk in closet.
Bedroom #2
As I step out around the corner, we come in to what I call bedroom #2, which also has a lot of natural light through the plantation shutters here. This is a generous sized bed, end table and desk, and then a closet here off to the left.
Master Suite
As we step into the master suite, it's got the double doors. It is quite grand and also has a vaulted ceiling up here with a ceiling fan. This looks like a king sized bed with plenty of room on either side. You have a desk, storage, end tables and there's still plenty of room. There's a sitting area and dressers. It's a very generous (sized) master suite.
As I step into the master bathroom, we have dual vanity sinks, "office" off to the left, walk in closet, You have a separate tub as well as a stand alone shower, which gives you lots of options. Once again, there's beautiful scenery out the back into the yard.
Here I am in Makakilo just wrapping up a final walk through for some clients and it's ironic because Makakilo took the #1 spot for the number of transactions increased here on Oahu from February of 2021. This is David Buck with Harcourts Island Real Estate here to give you the local market update for February of 2022. Makakilo saw the largest increase that went up 120% going from 5 to 11 sales. There's a lot of excitement here in the neighborhood and lots of transitions taking place.
Here we are in Salt Lake. Salt Lake to Moanalua (which is basically inland from here) saw the largest appreciation for single family homes in the month of February. It was up 45% going from $988,000 a year ago to $1,430,000 this year. What's also incredible is every single neighborhood that we track for the Honolulu Board of Realtors was up for median sales price, but one (neighborhood) in February. That neighborhood that was not up was Makiki-Moiliili in town, which was down 9%. Salt Lake to Moanalua took the cake for the most appreciation with 45% year over year. We'll jump into the condo segment shortly. Mahalo.
Local Neighborhood Report for Condos
As far as the condo market goes in February of '22, Waikiki saw the largest increase in the number of sales. It was up 64%, going from 61 sales in February of '21 to 100 sales just this past month. Here I am at the Allure in Waikiki for an inspection of a new purchase. It's a great building and you can see Waikiki in the background. Similar to the single family home market, half of the neighborhoods did not see an increase in number of sales. It's due to that lack of inventory.
Regarding the median condo price here in February, Ala Moana-Kakaako, which is directly behind me (I'm still here at the Allure by the way) was up 70%. That went from $440,000 to $750,000. That doesn't sound like much because that's considered a luxury neighborhood for condos, but there were much smaller (price) trades that happened in February of '21. It might be an indication that there might be more upside in the condo market vs. the single family home market here on Oahu.
What was interesting is 43% of the condo neighborhoods we track on Oahu were down for median sales price compared to February of '21. I'm not sure what that is saying, however my prediction is there will be a little more upside in Ala Moana-Kakaako once more travel opens back up from Asia. If you have any more questions, feel free to reach out. We can be reached at 808-777-4880. Mahalo
Well, we hit another record for single family homes here on Oahu. Previously, we were at $1,050,000 and stuck in that number for many, many months. Now, for February of 2022 the new record price is $1,125,000! That's up 22.6% from February of 2021, where the median sales price was $917,500.
As far as the number of sales go for single family homes, there was actually a drop in transaction volume, going from 260 sales a year ago to 241 now. That's a 7.3% decrease. There's just less homes for sale, hence the record sales price. Days on Market are also creeping up. They were just at 7 Days a year ago and now they're about 13 Days for single family homes. Stay tuned, we'll drop into the condo market shortly.
Condo Stats
Well, the condo market in February had a great run as well. Prices were up 8.6% compared to February of '21, where the median sales price for condos was $457.500 and now they're at $497,000. That's a nice increase, just not as crazy or drastic as the single family home market. It's taking condos longer to catch up, but velocity and speed of sales for condos is actually contrary to the single family home market. Sales increased from 9% from a year ago, going from 446 sales to 486 sales. Days on Market actually dropped 22.2%, going from 18 Days a year ago to 14 Days this year.
That's the market recap. I'm David Buck with Harcourts Island Real Estate. If there's anything we can help you with, give us a call at 808-777-4880. Mahalo!
Well, there's no joke about February going really fast. With only 28 days, on the last day of the month I'm just now able to catch you up with the local market update for January of 2022.
Local Single Family Home Update
The Windward Coast of Oahu was on fire. Sales were up 100% year over year from January of '21 to '22. Regarding median sales price, the Windward Coast also took out the record here on Oahu, which was up 112% from a year ago. That was going from $982,500 to $2,085,000. That's more than double in price. There weren't a whole lot of trades. That 100% increase was going from 2 sales to 4 sales, but it shows a lot of strength and velocity on the Windward Coast of Oahu, which is basically north of Kaneohe up past Kaaawa, Hauula and into Laie.
Local Condo Update
Waialae-Kahala had the largest increase in numbers of sales. It was up 200%, going from 2 transactions to 6 transactions over the course of January of '21 to January of '22. However, Waialae-Kahala did not take out the top spot for appreciation. Actually appreciation there was somewhat anemic at just 1%.
Last, but not least, Kalihi-Palama took out the #1 spot for the largest % of increase in median sales price for condos on Oahu. That went from $288,000 to $470,000. That is up 63% year over year.
Summary
It's interesting to see that town (Waialae-Kahala and Kalihi) and strength in the condo market and rural areas like the Windward Coast saw the highest increase in sales and appreciation year over year (for homes). To find out what's happening in your own local market, feel free to reach out and give us a call. We can be reached at 808-777-4880. Mahalo!
We're here at 2465 Kuhio at Waikiki. You've got board storage here on the upper parking deck, you've got all the units with the lanais behind me. I'll take you into the lobby and check out this great unit that straddles between Kuhio Ave. and Prince Edward St. on the backside.
Resort Zoning
What's phenomenal about this property is it is zoned resort. Unlike some of the other properties across the street condemned by either Bill 89 or Bill 41, it is zoned resort so you can legally rent it out short term.
Lobby
Here we are at the entry way to 2465 Kuhio. You've got all the mailboxes on the (right) side here. It's got some older traditional Hawaii rock wall along the side of two elevators, which take you out to the other side once you come up to your desired floor.
Unit #418
Here we are at 2465 Kuhio unit #418. You come in through the entry way into the living area, you have a window AC unit. This owner has replaced all the windows. They are double pane. Because you are in the heart of Waikiki, you can hear a little bit of traffic, but what's beautiful about it is she's spent a lot of money on these upgrades. There's newer windows all along the bank here and a lanai outside. You're maybe only 100 meters or so to Waikiki Beach from here.
There is a fully remodeled kitchen and bathrooms, which we'll get to in a second. There's all new cabinetry, gas cooking (which is kind of hard to find in Honolulu) which is included in the maintenance fees. This is a 2 bedroom, 2 bath which could either be rented or used as such. There's another window AC unit in the bedroom, closet and a full bathroom across the hall, which was completely gutted and redone (as was the plumbing). There's nice hardwood cabinetry, quartz counters and a nice walk in shower.
Flexible Space
What's unique about this building is the options that you've got. There's a door with a walk off to a studio. As I said, you could use it or rent it out as a 2 bedroom, 2 bathroom or 1 bedroom unit (which we just saw) and a separate studio. You once again have a remodeled bathroom in the studio and you also have your own separate lanai, window AC unit, and storage. It's got its own separate unit #417, even though we're marketing it as #418. What's awesome about this is it has its own separate mailbox and electric meter.
To find out more about 2465 Kuhio at Waikiki, feel free to contact me for more information. Mahalo!
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