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Hawaii Kai Single Family Homes

Dan developed the table below to show all 26 Hawaii Kai single family neighborhoods, showing their original year built; total number of homes; the median fee simple sale prices and number sold in 2016 to 2019 (YTD); and the percent Turnover.

For the same information for Hawaii Kai Condominiums & Townhomes, see the associated blog.

DAN MADDEN developed this table to show all 26 Hawaii Kai< single family neighborhoods: broken down by sale price into 6 “very very expensive” neighborhoods, 13 “very expensive,” and 8 “expensive;” original year built; total number of homes; the median fee simple sale prices and number sold in 2016 to 2019 (YTD); and the percent Turnover (number sold in a year divided by total number of units), a measure of market activity (2% is low).  

The 9 marina-front communities have 527 homes on the marina and 703 homes off-marina. Hawaii Kai Marina Association dues are $475 per year; for details, see www.hawaiikaimarina.comPortlock and Koko Kai have 85 ocean-front homes. The 3 golf course communities, Queen’s Gate, Laulima, and Koko Villas, have homes on & off golf course. Hahaione Valley has been broken down into two sub-groups. Upper Hahaione is generally newer and has larger lots and custom homes.  

Some have association dues, as low as $19 per month on Mariner’s Ridge, up to around $400 per month at the Peninsula Executive Residences. Sewer fee is $67 per month for all Hawaii Kai single family homes. Taxes range from approximately $200 to $5000 per month, depending on size and home exemption, averaging around $300 to $400 per month.

To receive automatic email updates of new listings or sales in any building or neighborhood on the island, email DanMadden@HawaiiLife.com or call 384-9933. 

Higher End Prices Softening!

After 10 years of gradual price increases (4-5% per year), the market’s turning. When a market corrects, it’s common to first see price declines in the higher priced neighborhoods. Island-wide, single family home prices decreased slightly in the last year, from $789K to $785K (essentially flat), while in Hawaii Kai they dropped from $1,185K to $1,092K (8% decline); condos and townhomes, island-wide, $425K to $429K (1% increase) and in Hawaii Kai, $667K to $695K (4% increase). Prices have only gone up around 42% in the last 10 years, a small increase compared to the 140% increases during the two big up-ramps in 1986-1990 and 2000-2006. Accordingly, I would think there is a small chance of a large price correction; more likely flat or a small further decline.

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