Oahu’s Most Competitive Neighborhoods by Region in 2019

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Oahu’s Most Competitive Neighborhoods by Region in 2019 Kapolei Kai Most Competitive Oahu Neighborhood

HONOLULU – (December 19, 2019) – Locations—Hawaii’s leading real estate firm—analyzed Oahu neighborhoods across the island with the most home sales above the asking price, known as “bid-ups,” in 2019.

Among single-family home neighborhoods with at least five sales in 2019, those that had the most bid-ups, by region, are:           

“The most competitive market conditions in a single-family neighborhood with five or more sales in 2019 were in Kapolei Kai, where more than two in three homes sold for above the asking price,” said Locations Principal Broker John Connelley. Completed in 2003, the planned community of Kapolei Kai, located behind Kapolei Middle School, has 204 single-family homes. With only six home sales in 2019, turnover in Kapolei Kai is just 2.7 percent. The median price for a Kapolei Kai home was $688,500—an increase of two percent from a year ago.

“Kapuna Hala in Kaneohe also saw very competitive market conditions in 2019, with 62.5 percent of homes sold for above the asking price,” said Connelley. With the Ko’olau Mountains as a backdrop and a mix of newer and original construction, the Kapuna Hala neighborhood has 393 single-family homes. There were only eight sales in 2019, resulting in the low turnover of just two percent. Strong demand for Kapuna Hala homes pushed the median price up by 13 percent to $892,500—slightly higher than the overall Kaneohe median single-family home price.

Rounding out the most competitive neighborhoods by region in 2019, in order of competitiveness are: Kalama/Coconut Grove, Makakilo-Wai Kaloi, Waipio Acres/Waikalani Woodlands, Mariner’s Ridge, Harbor View, Aliamanu, Aiea Heights, Waianae, Waialae Nui Ridge and Haleiwa.

As a region, Kaneohe is the most competitive, with about one in four homes bid up above asking. Factors that affect buyer competition include a neighborhood’s median price relative to surrounding neighborhoods, a significant change in median prices from the year before, median Days on Market, rate of turnover and desirability.

Because competition and other market dynamics can vary greatly within a larger market area or region of the island, prospective homebuyers and sellers should consult with their Realtor® about the unique market conditions in their neighborhood of choice.

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About Locations As the state’s oldest and leading independent real estate firm, our trusted Neighborhood Experts have served Hawaii’s families since 1969. For 50 years, Locations has helped more people buy or sell their homes than any other real estate firm in the state. With our rich kama’aina roots, innovative technology and dedicated market-research department, Locations continues to be at the forefront of this ever-changing industry. Today, Locations has over 400 agents across the state with five offices on Oahu, one on Maui and four on the Big Island (Clark Realty). Through our non-profit, the Locations Foundation, our agents and staff support more than 100 Hawaii non-profit organizations both through monetary donations and volunteer hours. Visit LocationsHawaii.com/about-us today to learn more. For up-to-date Hawaii real estate updates, follow Locations on Facebook at: www.facebook.com/LocationsHawaii, Twitter at @LocationsHI, Instagram at @LocationsHawaii, and LinkedIn at www.linkedin.com/company/locations-hawaii. Read the Locations blog at: www.LocationsHawaii.com/news.