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Honolulu and Oahu

No matter where you’re from you’ve probably heard of Honolulu. Unless you’ve spend time in Hawaii, however, you may never have heard of Oahu. In reality, what most people call “Honolulu” is actually the island of Oahu. That is, the names are used interchangeably these days to mean the entire island on which the capital of Hawaii sits. Technically, though, Honolulu makes up only one small part of the island of Oahu – the urban center on the island’s southeastern shore.

The local government structure on Oahu backs up the practice of calling the whole island “Honolulu.” Established as a consolidated city-county in 1907, the City and County of Honolulu is divided into nine administrative districts that encompass the entire island of Oahu. Honolulu’s urban district serves as the state’s largest city and capital, while the county consists of a diverse group of unincorporated subdivisions, which are unofficial towns and cities. Some are surfing paradises and tourist havens, like North Shore and Waikiki, and others, like Kailua and Mililani, are residential bedroom communities for business professionals seeking a quieter life.

The spectacular scenery that dominates Honolulu, as well as its laid-back island vibe, makes it a desirable real estate hotspot. Today the housing trend in Honolulu is still strong compared to some mainland areas. In fact, according to the Honolulu Board of Realtors, in 2013 the residential real estate market continued to enjoy strong sales, with thousands of homes changing hands at a median home price of $575,000.

 

 

Honolulu Department of Planning and Permitting


HONOLULU COUNTY QUICK FACTS
(Source: U.S. Census, Honolulu Board of Realtors)

Population (2012)

976,372

Population growth, 2010 to 2012

+2.4%

Median Age (2012)

37.6

Land Area

596.66 miles

Persons per square mile

1,586

Median Household Income (2011)

$71,263

 


OAHU RESIDENTIAL RESALES
(Source: Honolulu Board of Realtors)

    Type of Home

Median Sales Price

# Sold

     

2013   Single family

$684,000

296

    Condominium

$330,000

407

2010   Single Family

$592,750

3,051

    Condominium

$305,000

3,934

2009   Single Family

$575,000

2,585

    Condominium

$302,000

3,467

2008   Single Family

$624,000

2,741

    Condominium

$325,000

3,933

SALE PRICE BY NEIGHBORHOOD
Median Sales Price
(Source: Honolulu Board of Realtors)

 

Single-Family Homes

Condominiums

   

Metro Honolulu

$722,500

$320,000

Diamond Head/Waikiki

$936,000

$437,500

Hawaii Kai

$850,000

$539,000

Kailua

$774,500

$415,000

Kaneohe

$663,800

$400,000

North Shore

$797,500

$325,000

Central Oahu/Mililani

$580,000

$307,500

Leeward Coast/Waianae

$380,000

$154,000

Ewa Plain

$465,000

$299,000

Makakilo/Kapolei

$560,000

$299,000

Waipahu

$550,000

$280,000

Pearl City

$627,300

$302,900

Testimonials

“I am a retired, disabled veteran. In the summer of 2013, I faced significant financial, professional, and personal challenges. At the center of these challenges was the fact that my home was under water and I could not continue making payments. I had previously worked with three other real estate agents on island (two from major companies and one independent) and could not better my situation. Facing the brink of foreclosure and financial ruin, I called Team Lally on a recommendation from a friend. From that moment forward, I was able to take comfort in the belief that these people would achieve the best possible outcomes for my circumstance. While all Team Lally members went above and beyond to help me, I would like to highlight a few.
Adrienne Lally, President/Team Lally – Simply the best real estate professional I have ever worked with. Within 36 hours of first contact, she had personally assessed my home and situation, and developed a cogent, strategic plan for presentation, foreclosure avoidance, and best-pricing. Her knowledge of the Hawaii real estate market is beyond reproach and she repeatedly took the time to answer every question and concern that I had. As a veteran herself, she offered unique insight on my circumstance and developed a rapport I found with no other real estate agent. Most importantly, she maintained consistent contact throughout the process via weekly updates, even after I left the islands. I was never just a number to Adrienne Lally. If I am e…
Daryl Fuller