Top-Performing Oahu Neighborhoods of 2010


Published:

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

 

Subscribe to Honolulu