Though it may be known more as a tourist destination, not everyone wants to leave the beautiful city of Honolulu. As you might expect, prices on the island of Oahu may not be as reasonable as your average Durham region real estate, Honolulu's appeal can't be overstated. For anyone thinking of buying their own piece of paradise, here's a quick overview of some recent real estate trends.
If you've sold off your Georgetown Ontario realty and are looking for the best of the best in Honolulu neighborhoods, take a look at Hawaii Kai. Considered to be an upper middle class area, the average listing price for these homes is $2.13 million dollars. Located on the East side of the city, Hawaii Kai houses gated communities like Waialae'iki and Hawaii Loa Ridge, giving residents piece of mind. The best part for new buyers, however, is the average selling price. At just under $710K, this figure shows that there's room for negotiation when it comes to the final sales price.
By far the most popular neighborhood for residents and tourists alike is Waikiki. Set in the heart of Honolulu's day and night life, there's no place better for those used to Brampton condominiums. If there is a downside to those looking to purchase Waikiki property, it's that the average listing price of $456K is lower than the average selling price of $528K, making Waikiki a clear cut sellers market.
For those who are used to high end Arlington TX homes, Waialae and Kahala are popularly considered the upper class areas of Honolulu. It should come as no surprise that these homes sell for an average price of $1.4 million, as they are near to both the Kahala Hotel & Resort and the Waialae Country Club, two of the most elite spots in all of Oahu.
If you're looking for something priced a bit closer to most Mississauga homes for sale, Downtown is not only affordable, but is within reasonable distance to all the best Honolulu has to offer. With an average selling price of $368K, these locations are great for those with careers in finance, commerce, or governmental agencies, as Downtown is host to these three districts in Honolulu. Also located Downtown is the Hawaii Pacific University, making this a prime location for students looking to cut down on travel costs to and from their studies.
If there is one major upside for those looking to buy Honolulu real estate, it's that there will always be a demand for these properties. Though it has seen its share of ups and downs, real estate prices have remained relatively steady over the years, and prices have continued to climb incrementally over a ten year span. | 