BUILDING THE DREAM OF HOME OWNERSHIP
Wailupe, Honolulu, HI Homes for Sale
The Wailupe median real estate price currently comes in at $1,353,000, which is more expensive than over 98 percent of the neighborhoods in Hawaii and the top one half percent of all neighborhoods in America.
The average rental price in Wailupe is currently $4,200 a month, which is higher than 97 percent of the neighborhoods in Hawaii. Most of the residential real estate is owner occupied. Furthermore, real estate in the Wailupe neighborhood is almost exclusively owner-occupied and the neighborhood has a higher rate of owner-occupied housing than is found in nearly 97 percent of neighborhoods in America. If you are seeking to rent, this neighborhood may not have many options.
In the Wailupe neighborhood, the current vacancy rate is under four percent, which is a lower rate of vacancies than 83 percent of all neighborhoods in the country. This means that the housing supply in Wailupe is very tight compared to the demand for property here.
Wailupe real estate is primarily made up of medium sized three or four bedroom and large four, five or more bedroom single-family homes. Many of the residences in the Wailupe are established, but not old, having been built between 1970 and 1999, and a number of residences were built between 1940 and 1969.
Some neighborhoods are made up of condominiums and apartments. Some consist of row houses, and most-by far-consist of a mixture of housing types. But, the Wailupe neighborhood stands out due to the dominance of detached, single-family homes. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate inventory, than over 95 percent of all American neighborhoods.
If you come to know the people here, you will recognize that you’re in the company of one of the wealthiest neighborhoods in the nation. Most own stately homes that tend to maintain high real estate appreciation rates. The residents upper-level careers keep them busy, but allows them to live in a fashion like nowhere else.
In fact, less than one percent of America’s neighborhoods have more concentrated wealth than Wailupe. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time.
Some neighborhoods have more cohesive than others. Sometimes this comes down to not only the personalities of the people in a neighborhood, and how long people have been together. While other neighborhoods feel like a collection of strangers, who just happen to live near each other, most residents of the Wailupe still lived here that also were living in this same neighborhood five years ago. That’s more than is found in nearly 97 percent of neighborhood in the country. This neighborhood is really made up of people who know each other, and don’t move often!
Some neighborhoods have residents that are more educated than others. But in this neighborhood, there is a dramatic difference, with nearly 39 percent of the adults here has earned a Masters degree, a Medical degree, Ph.D. or Law degree. This is a higher rate of people with a graduate degree than is found in over 98 percent of all neighborhoods in the country. The average American neighborhood has just over eight percent of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your future neighbors here, so consider settling in this neighborhood. Wailupe is also an excellent choice for active retirees, families with school-aged children, and urban sophisticates, as well.
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WHERE HOME OWNERSHIP HAPPENS IN WIALUPE, 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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