Where’s the Hawaii Kai Market Going? Part 2

In October last year, I wrote Part 1 of this article “Where’s the Hawaii Kai Market Going?”. I am pleased to share with you this updated statistics showing that in October 2024, prices are up again!

Oahu Home Prices decreased from 2022 to 2023 by 7% then increased in the last year by 5%; while condo/townhomes were flat for the last 2 years (probably due to insurance and assessment challenges). Hawaii Kai single family home prices decreased by 7% 2022 to 2023, then increased in the last year by 11%; while condo/townhomes decreased 5% in the last year. Price support is largely due to much decreased inventory and sales in the last 2 years and interest rates recently coming down.

I developed this table to show all 26 Hawaii Kai single family neighborhoods: broken down by sale price into 6 “very very expensive” neighborhoods, 13 “very expensive,” and 8 “expensive;” original year built; total number of homes; and the median fee simple sale prices and number sold in 2021 to 2024.       

The 9 marina-front communities have 527 homes on the marina and 703 homes off-marina. Hawaii Kai Marina Association dues is $525 per year; for details see  www.hawaiikaimarina.com. Portlock and Koko Kai have 85 ocean-front homes.  The 3 golf course communities, Queen’s Gate, Laulima, and Koko Villas, have homes on and off golf course. Hahaione Valley has been broken down into two sub-groups. Upper Hahaione is generally newer and has larger lots and custom homes.       

Some have association dues, as low as $19 per month on Mariner’s Ridge, up to around $400 per month at the Peninsula Executive Residences. Sewer fee is $79 per month for all Hawaii Kai single family homes. Taxes range from approximately $200 to $5000 per month, depending on size and home exemption; averaging around $300 to $400 per month. 

I developed this table to show all 36 Hawaii Kai condominiums and townhomes: 15 marina-front townhomes, 11 off-marina townhomes, and 10 high-rise or mid-rise condominiums; year built; number of bedrooms available; total number of homes; and the fee simple sale prices and number sold in 2021 to 2024. For Kuapa Isle and Koko Isle, only fee simple marina-front sale prices are used. For the High and Mid Rise Condominiums only two bedroom sale prices are used. In all cases, number of sales includes all sales in the complex. Most of the marina-front communities also have off-marina homes, however, all are members of the Hawaii Kai Marina Association, pay dues of $475 per year, have marina privileges, and many have boat dock access. See website for details  www.hawaiikaimarina.com. 

Kalele Kai, Colony, and Esplanade are also marina-front.  Napua Point is ocean-front. Monthly maintenance fee for High and Mid Rise two bedrooms ranges from a low of approximately $820 in Heritage House to a high of approximately $1,670 in Mt Terrace; for Townhome three bedrooms from a low of approximately $495 in Nanea Kai to a high of approximately $1,561 in Kalele Kai Townhomes; averaging around $750.  Sewer fee is $67 per month for all Hawaii Kai condos and townhomes; some include sewer in the maintenance fee. Taxes range from approximately $125 to $600 per month, depending on size and home exemption; averaging around $175. Most communities are pet-friendly but requirements vary; see house rules. 

Download a PDF copy: Single Family and Condo Tables Oct 2024

Hawaii Kai Map