BUILDING THE DREAM OF HOME OWNERSHIP
The Kahala median real estate price is currently over $1,751,000, which is more expensive than nearly all of the neighborhoods in Hawaii and a mere .03 percent of neighborhoods in America are more expensive.
The average rental price in Kahala is currently just over $3,800 a month and the average rental cost in this neighborhood is higher than you’ll find in over 98 percent of the neighborhoods in Hawaii. Most of the residential real estate is owner occupied.
Vacant apartments or homes are a fact of life in Kahala. The current real estate vacancy rate here is over 21 percent. This is higher than the rate of vacancies than you will find in 87 percent of all neighborhoods in the country. Most vacant housing here is vacant year round, and due primarily because of the high second/vacation home occupancy for the neighborhood. If you come to live here, you may find that a number of developments in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its flair. For example, one might notice whether the buildings all date from a certain time period.
Kahala real estate is primarily made up of medium sized three or four bedroom and large four, five, or more bedroom single-family homes and high-rises. Many of the residences in the Kahala neighborhood are older, well-established, built between 1940 and 1969, with a number of residences built between 1970 and 1999.
This neighborhood in Honolulu, the Kahala neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Kahala is a neighborhood that is on the ocean, and have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery.
A majority of the adults in the Kahala neighborhood area well-to-do and educated executives, and own stately homes that tend to maintain high real estate appreciation rates.
In the Kahala neighborhood, over 11 percent of the residents commute means walking from the bedroom to the home office, and often people who work from home are engaged in the creative, stock trading or the technological economy.
If you’re an executive and want to keep similar company, consider settling in this neighborhood. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, families with school-aged children and active retirees.
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WHERE HOME OWNERSHIP HAPPENS IN KAHALA, 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 by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. Wes McKibbon nor The Home Buyer’s Korner are a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based profession, but are industry leaders and Wes is a highly respected retired FHA direct endorsement underwriter. If you have a specific question regarding any of these posts, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon of The Home Buyer’s Korner 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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