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
