BUILDING THE DREAM OF HOME OWNERSHIP
Mccully-Moiliili, Honolulu, HI Homes for Sale
The S Beretania St/S King St area median real estate price is $437,000 which is less expensive than 81 percent of Hawaii and 15 percent of all neighborhoods in America.
The average rental price in S Beretania St/S King St is currently near $1,450 a month and lower in price than 82 percent of Hawaii neighborhoods. Most of the residential real estate is renter occupied.
Real estate vacancies in S Beretania St/S King St area are slightly over seven percent, which is lower than one will find in nearly two thirds of American neighborhoods. Demand for real estate in S Beretania St/S King St is above average and signals a demand for either price increases, new construction or both.
S Beretania St/S King St area real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom condominium developments, and high-rises. Many of the residences in the S Beretania St/S King St area are older, well-established, built between 1940 and 1969 with a number of residences built between 1970 and 1999.
One of the really unique and interesting things about the look and setting of the S Beretania St/S King St area is that it is almost entirely dominated by large condominium developments, and high-rise apartments. With over three quarters of the residential real estate here classified as such, it puts this neighborhood on the map as having a higher proportion of multi-family buildings than 97 percent of all neighborhoods in America.
The S Beretania St/S King 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 single family homes or condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record highs. With over 83 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 in the country that share this characteristic.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flair, can make all the difference.
Almost 19 percent of the residents of the S Beretania St/S King St neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that you will notice the neighborhood’s rhythm changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Many home buyers coming into the area are affiliated with the University of Hawaii or have children going to one of the nearby private schools. If you have a college bound child check out this blog post on Kiddie Condos to see if it’s something that’s right for you.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With four percent of residents in the S Beretania St/S King St area commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than nearly 97 percent of all neighborhoods in the country.
Also, nearly 15 percent of the local residents in S Beretania St/S King St choose to walk to work each day than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
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WHERE HOME OWNERSHIP HAPPENS IN MCCULLY-MOILIILI, 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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