Hawaii Kai is known for it’s marina, residential communities, and outdoor activities.
Located on south-east shore of Oahu, Hawaii Kai is close to downtown Honolulu while having it’s own unique feel.
Beautiful sunny weather with views of the mountains and ocean bring this community to life.
Hawaii Kai is a residential area located in the southeastern part of Oahu, Hawaii. It is a highly desirable area for real estate due to its scenic location on the south-east coast and its proximity to Honolulu, the state of Hawaii’s capital city.
Hawaii Kai real estate typically includes a variety of housing options, including single-family homes, townhomes, and condominiums. The homes in Hawaii Kai tend to be more expensive than other areas of Oahu, and many include stunning ocean and mountain views, large lot areas, and even luxurious features.
One of the key draws of Hawaii Kai is the area’s outdoor activities, which include boating, fishing, hiking, and golfing. The Hawaii Kai Marina is a popular spot for boaters, and there are many community parks and hiking trails throughout the area that offer scenic views and recreation.
Hawaii Kai has a relatively stable real estate market. The real estate market in Hawaii Kai is influenced by factors such as the local economy, job market, population growth, interest rates, and seasonal trends.
According to recent data, the median home value in Hawaii Kai is around $1.6 million in 2022. This represents a significant increase from a few years ago when the median home value was around $1.2 million dollars. The median price per square foot for homes has a lower increase per year compared to 2022 at around 4% to around $835.
Condo and Townhomes in Hawaii Kai also saw a increase in 2022, rising to median price of $840,000 from the $675k range a few years ago. As demand cools in 2023 and the interest rates rise, the trend is pointing toward median condo prices below $800k. The median price per square foot has also lowered about 5% from 2022 to $625.
Like most real estate on Oahu, the market in Hawaii Kai has been influenced by the COVID-19 pandemic, which has led to increased demand for homes with more space, outdoor areas, and home offices during periods of low interest rates and high inflation. The pandemic has also led to a shortage of homes for sale, which has driven up home and condo prices.
Median days on market still points to high demand and low supply though the trend is moving upwards. This metric is a good indication of how healthy the real estate market is in Hawaii Kai.
If you are looking to rent a home or condo in Hawaii Kai, there are a variety of options available to you.
Single-family homes for rent in Hawaii Kai can offer spacious layouts, large yards, and scenic views of the mountains or ocean. These homes may range in size from two to five bedrooms. The monthly rent for a single-family home in Hawaii Kai can range from around $3,000 to $10,000 or more, depending on the size, location, and condition of the property.
Townhouses for rent in Hawaii Kai can offer a more affordable option in this community. Townhouses typically have two to three bedrooms and may offer access to shared amenities such as pools, fitness centers, or recreation areas. The monthly rent for a townhouse in Hawaii Kai can range from around $3,000 to $4,000, depending on the size and location of the property.
Condos for rent in Hawaii Kai are also available and can offer a range of amenities at different price points. Some condos in Hawaii Kai are located in high-rise buildings with views of the ocean, while others may be located closer to the marina or the shopping centers. The monthly rent for a condo in Hawaii Kai can range from around $2,000 to $5,000 or more, depending on the size and location of the unit.