Local Neighborhood Update for Single Family Homes
Can you believe home sales in Waipahu are up 47% from last year? This is David Buck with Harcourts Island Real Estate here to give you the local market report for April of 2022. Well, last year in April of '21 there were only 17 home sales in Waipahu and now there are 25 this year. Here I am in Waipahu and from what you can see here is it stretches all the way from Pearl Harbor to crossing H-1 to Waikele. Waipahu saw the largest increase year over year from April of 2021 to April of 2022.
Kawaikui Beach Park Between Aina Haina and Kuliouou
Can you hear that ocean in the background? I'm here at Kawaikui Beach Park at the base of Hawaii Loa Ridge. The reason I'm here is Aina Haina-Kuliouou saw the largest increase in median sales price from April of last year to this past April. It was at $1,241,000 to just over $2 million ($2,086,111) for the median sales price, which was a 68% increase. The reason being is we probably saw a lot more trades in Kulioouou vs. some more recent trades up on Hawaii Loa Ridge, which are going to be in that multi-million dollar range. That's directly behind me in a gated community.
It's not a bad day today. We were forecasted to have thunder showers yesterday, today and tomorrow. But, check this out! It's not a bad set up (sunny day at Kawaikui Beach Park). I'll be up shortly to give you the local condo report.
Local Neighborhood Update for Condos
OK. We are here to talk about the condo market on Oahu. What you can see in the background here is we're not on the North Shore of Oahu. We're actually on the South Shore. I didn't have time to make it out to the North Shore, but the North Shore had the largest increase in condo sales year over year going from 4 sales to 7 sales. So, that's up 75%. Since we're on the South Shore heading into summer I wanted to show you the backdrop here. There. are high surf warnings. The flags are up here on the Gold Coast in Waikiki, in front of the Sans Souci and some of the oceanfront buildings on the South Shore of Oahu behind me. We've got a summer swell that's coming in from some of that storm surf. We were expected to have thunder showers all day today, but we actually got some semi-sunny skies.
Ala Moana-Kakaako saw the largest increase year over year from April of last year to April of this year for median sales price. It was up 63%, going from $450,000 a year ago to $732,000. Well, you might think to yourself that might not get you much for that price, because in Kakaako it's hard to get something decent under $1 million these days to be honest. But, believe it or not some of the older construction around here in Ala Moana you can get in that $400-500,000 range, and it also takes you back inland of Ala Moana as well. I have a condo listed right behind me at Atkinson Plaza (MLS # 202209156). It's a great value at $500,000. So, you can definitely get in this neighborhood with walking distance to Ala Moana Beach Park as well as Ala Moana (Shopping Center) itself on the west side of Waikiki here for just around half a million dollars.
If you want to hear more about what's happening in your market, give me a call. Mahalo.