Ala Moana Homes for Sale
BUILDING THE DREAM OF HOME OWNERSHIP
Kapiolani Blvd/Piikoi St Neighborhood
Ala Moana, Honolulu, HI Homes for Sale
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The Kapiolani Blvd/Piikoi St area median real estate prices on average runs near $695,000, which is more expensive than nearly two/thirds of the neighborhoods in Hawaii and astonishingly near 96 percent of the neighborhoods in the U.S.
The average rental price in Kapiolani Blvd/Piikoi St area is near $1,900 a month and higher than in two/thirds of the neighborhoods in Hawaii. Most of the residential real estate is occupied by a mixture of owners and renters.
Low occupancy is a common fact of life in the Kapiolani Blvd/Piikoi St area, with real estate vacancy rates reaching 26 percent and greater. On average this is a higher rate of vacancies than 9 out of 10 American neighborhoods. A relatively large percentage of housing here is seasonally occupied at rates near and exceeding 20 percent.
High vacancy rates can occur for a host of reasons, one of them is due to a property located in a vacation area like the Kapiolani Blvd/Piikoi St neighborhood. Occasionally it’s found in neighborhoods that have a high concentration of college students residing in the area, with many apartments, vacant when school is not in session and feature about this neighborhood. If you live here year round, you may find that a number of developments in this neighborhood are virtually empty.
Kapiolani Blvd/Piikoi St area real estate is primarily made up of small studios, one and two bedroom to medium sized three or four bedroom condominium developments, apartment complexes and high-rises. The Kapiolani Blvd/Piikoi St neighborhood is unique for one reason being it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in the country. Most neighborhoods have a mixture of home or condominiums from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With nearly 90 percent of real estate here this small size; it most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods across the country.
Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by large multi-family housing. In fact, over 96 percent of the real estate here is classified as condominium, apartment complexes or high-rises, which is more than is found in nearly all American neighborhoods.
Many of the residences in the Kapiolani Blvd/Piikoi St area are well established developments, but not old, having been built between 1968 and 1999, with a number of residences built between 2000 and to present day.
Featured Listing 1350 Ala Moana Blvd #2707
Each neighborhood’s look and feel can best be experienced when you walk or drive around it, from its settings, its buildings, and its flair. This neighborhood has some really cool things about the way it looks and feels.
Kapiolani Blvd/Piikoi St area is a neighborhood that is on the ocean with amenities that bring locals and visitors to the waterfront for recreational activities or to check out the local scenery.
Almost a quarter of the residents in the Kapiolani Blvd/Piikoi St area choose to walk to work each day. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With just under 5 percent of residents in the Kapiolani Blvd/Piikoi St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than nearly 98 percent of all neighborhoods in the U.S.
One of the really interesting characteristics about the Kapiolani Blvd/Piikoi St neighborhood is that it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice a change in the neighborhoods rhythm. For these and other reasons, the neighborhood is rated among the top 5 percent of college-friendly places to live in the state of Hawaii.
Many home buyers coming into the area are affiliated with the University of Hawaii, have children attending university or one of the private schools. If you have a college bound child, check out this blog post on Kiddie Condos and see if it’s something that’s right for you.
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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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