BUILDING THE DREAM OF HOME OWNERSHIP
Ala Moana Honolulu, HI Homes for Sale
The S Beretania St/Victoria St area median real estate price is approximately $450,000, which is less expensive than over 85 percent of Hawaii neighborhoods and only 15 percent of all neighborhoods throughout the country.
The average rental price in S Beretania St/Victoria St is currently $1,300 a month. Rents here are currently lower in price than in nearly 90 percent of Hawaii neighborhoods. S Beretania St/Victoria St has about a 15 percent vacancy rate, which is well above average compared to other neighborhoods in the country, and higher than nearly three quarters of American neighborhoods. Most vacant housing here is vacant year round and due to a high second/vacation home occupancy ratio.
S Beretania St/Victoria St real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom condominium complexes, high-rise apartments and single-family homes, however, the S Beretania St/Victoria St area is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America.
Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With over 90 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods across America that share this characteristic.
The real estate in the S Beretania St/Victoria St area stands out in the way it looks for a unique reason. This neighborhood has a higher proportion of multi-family complexes or high-rises than nearly any neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by large multi-family buildings and condominium developments.
Most of the residential real estate is renter occupied. Many of the residences in the S Beretania St/Victoria St area are established, but not old, having been built between 1968 and 1999, with a number of residences built between 1940 and 1967.
Hawaii Homes for Sale
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Queen Victoria Condominiums
WHERE HOME OWNERSHIP HAPPENS IN ALA MOANA HONOLULU
Information posted on realtyuniversal.com by Wes McKibbon at The Home Buyer’s Korner are for educational purposes only. Every situation can be different and can be unique to a reader’s particular needs; do not consider anything you read on realtyuniversal.com as absolute or partial advice for your specific needs. Seek the advice of a qualified and suitable professional in your area for advice particular to your situation. The advice given may not produce the same results in your area and the information given here is not intended to cover all aspects of any given topic. Nathalie Mullinix REALTY UNIVERSAL, Inc., cannot be held responsible for the opinions and advice posted from by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. The Home Buyer’s Korner is not a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based professionals, but is an industry leader and a highly respected retired FHA underwriter. If you have a specific question regarding one of those areas, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon are intended for educational purposes only including discussion, suggestions, ideas, etc., to better serve interested parties that have chosen independently to engage in active participation .
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