Wailupe Peninsula was once a fishpond. In the 1930s, the Hawaiian Dredging company filled the pond with the coral and rock pulled out from the boat channel that was dredged around the pond’s perimeter. Today, Wailupe Peninsula consists of three streets: Wailupe Circle, Akilolo, and Niuhi.
The Wailupe neighborhood consists of Wailupe Peninsula and about 1 mile for Kalanianaole Hwy oceanfront.
The Odds of Selling Your Home chart represents the last two years of real estate activity in Wailupe. In 2018, your odds of selling were 44%. Homes sold at .3/month, and there was 9 months of supply available. In 2019, we saw the odds of selling decreased by 4% and homes sold at .4/month. Months of supply increased to 11.
In 2019, it took an average of 164 days to sell property in Wailupe. The average sales price was just north of $1.8M.
In the Real Estate Pond chart, we can see that properties come on the market, enter the pond, from the left at a rate of 2 new listings in the past 90 days. There are currently four properties in the pond (on the market), and one has sold in the last 90 days (exited the pond to the right).
In the last two years there have been 12 sales in the Wailupe neighborhood. Only one property, in this time period, has sold for above asking price. Homes can be as high as $1600/SF for waterfront and off water, around $500 to $600/SF.
If you would like a detailed analysis of your neighborhood, please reach out and contact us.