Making a decision to move is important. Once the decision has been made one needs to decide where they wish to move. What neighborhoods are appealing? How important is proximity to work? What are the schools like? Do you want a single-family home or condominium? Is the quietness of a cul de sac preferred or is being in a metropolitan area more desirable? These are a sampling of questions a home buyer needs to consider before beginning a search.
Oahu is the third largest Island in the state. It represents the majority of the state’s population with just over 1.1 million people. The median home price is $616,000, which is an increase of almost 3% from the last year.
In the Kaka’ako/Ala Moana area, the median home price is $530,000. Kaka’ako is between downtown Honolulu and Waikiki. It is close to Ala Moana Mall and within walking distance to Ala Moana Beach Park and Kaka’ako Waterfront park. There are an abundance of shops, restaurants, and entertainment in the area. Kaka’ako is predominately high rise condominiums, with some of them being luxury high rise condos. The area will be growing considerably over the next few years as new high rise condos are being constructed as well as Whole Foods flagship store.
The McCully/Kapiolani neighborhood has a median home price of $386,000. Kapiolani Blvd. is the main thoroughfare with apartments and condominiums surrounding it. There are older homes in the area and the neighborhood is close to Mo’iliili. Residents are close to a restaurants and shopping, with Ala Moana mall in close proximity.