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Wednesday, January 19, 2011

Top-Performing Oahu Neighborhoods of 2010

Many Oahu neighborhoods saw increased median sales prices in 2010, as compared to 2009, for single-family homes and condominiums. Those boroughs with the greatest growth were, rather unsurprisingly, areas that traditionally hold their value, including Aina Haina-Kuliouou, Waialae-Kahala and Kapahulu-Diamond Head. But it was interesting to see Makakilo and Ewa Plain gain some ground. Overall, the numbers point to a healthier, stronger market, with the median sales price of single-family homes having increased 3 percent to $592,750 and the median sales price for condos/townhomes holding steady at $305,000.

Here are the five neighborhoods for single-family homes and condos with the greatest increases in median sales price from 2009 to 2010.

Single-family homes
    Neighborhood                          2009 median price        2010 median price       % change
1. Aina Haina-Kuliouou             $987,500                         $1,150,000                      +16.5
2. Makiki-Moiliili                        $764,500                         $860,000                        +12.5
3. Waialae-Kahala                       $1,250,000                      $1,375,000                     +10
4. Windward Coast                     $462,500                         $504,500                        +9.1
5. Makakilo                                   $486,000                        $519,000                         +6.8

Condominiums/townhomes
    Neighborhood                          2009 median price        2010 median price       % change
1. Kapahulu-Diamond Head     $399,000                         $470,000                      +17.8
2. Downtown-Nuuanu               $360,000                         $420,000                      +16.7
3. Ewa Plain                                 $267,000                          $300,000                     +12.4
4. Aina Haina-Kuliouou            $479,000                          $520,000                      +8.6
5. Kaihi—Palama                         $303,000                         $325,000                      +7.3

 

Posted on Wednesday, January 19, 2011 in Permalink

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Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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