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The Waialae-Kahala housing market in Hawaii demonstrates a competitive landscape with notable price changes. In May 2023, the median sale price of homes in Waialae-Kahala was $1,647,500, showing a significant increase of 26.7% compared to the previous year. The median sale price per square foot in this area is $1.15K, reflecting a rise of 31.2% since last year.
During May 2023, the housing market in Waialae-Kahala experienced a significant increase in median home prices, marking a 26.7% rise compared to the previous year. Homes in this area typically spend an average of 65 days on the market, increasing from 50 days last year. The number of homes sold in May this year was 26, representing a decrease of 25.7% compared to the same month the previous year.
The recent data suggests that the Waialae-Kahala housing market is experiencing substantial price growth, with higher median prices and decreased number of homes sold. It remains a competitive market, with homes typically selling within 61 days.
6,389 people live in Kahala Area, where the median age is 47.1 and an average individual income is $73,441. Data provided by the U.S. Census Bureau.
AVERAGE INDIVIDUAL INCOME
Kahala is known for being a luxury neighborhood and a resort that attracts the rich and famous, including royalty and heads of state. It is also considered a gathering place for Honolulu's local society.
Many consider Kahala to be one of the best neighborhoods to live on O'ahu. It's a short distance from Waikiki and known for its tranquility, which is often compared to "Beverly Hills" of O'ahu.
No, there is no resort fee for guest rooms and suites at Kahala.
As an investor myself, I have seen real estate prove to be a lucrative investment choice – and with clear understanding and collaborative strategy, nowhere is this more demonstratively promising than in Hawaii.