Aloha! This is David Buck with Harcourts Island Real Estate. Today is another Wednesday and we're going to cover another episode of We Need Inventory. The neighborhood of discussion today is Waialae Golf Course neighborhood. Every year I do a blog on the Sony Open and the homes along the golf course. Traditionally, every year there's several for sale.

2024 Sony Open

2024 Sony Open

No Homes for Sale and No Sales in Over 1.5 Years

It kind of took me by surprise this past year as there was literally nothing for sale back in January. I was kind of digging through different neighborhoods in east Honolulu this past week and I noticed that there's still nothing for sale in Waialae Golf Course neighborhood. As I started to dive a little bit deeper, not only is there nothing for sale right now (trust me - there are buyers out there) on Waialae Golf Course, there hasn't been a sale in over a year and a half.

1044 Waiholo St. Sold by David Buck in 2022

1044 Waiholo St. Sold by David on September 7, 2022

It turns out, the further I dove into this, the last sale was actually a home I sold in 2022. The last sale that took place in the neighborhood was September 7, 2022. 

Waialae Golf Course Home Sales by Year

Waialae Golf Course Home Sales by Year

In the chart above, I took it back to 2019 and ranged between 4-11 sales per year. In 2019, we had 7 transactions take place in the neighborhood. In 2020 (the year of COVID), there were only 4 deals that took place. In 2021, there were 11 transactions. In 2022, there were 5 transactions. There were none in 2023.

The one we sold was nearly a record high. It was at $1250/square foot. We sold it 5.8% higher (per square foot) higher than the neighbor that sold next door, which we were proud of. I never would have guessed when we sold that house, fast forward a year and a half later there'd be nothing for sale in the neighborhood. So, if you know anyone looking to sell in the Waialae Golf Course neighborhood, now could be a great time because there's literally nothing for sale and We Need Inventory. Mahalo!

David E. Buck Realtor Selling Waialae Golf Course Homes