Note: This page display condos and townhomes for sale in Oahu. In the following we will simply refer to condos, even though ‘townhomes’ may be a more appropriate word in some situations.
Oahu condos for sale range in price from about $100,000 for a studio at Makaha Surfside on Oahu’s west coast to well north of $10,000,000 for the most incredible penthouse units in Park Lane, Waiea, Ritz-Carlton & Cylinder at Gateway Towers - Honolulu’s most luxurious condos.
Condos in Oahu are located across different neighborhoods, each with a distinct feel and character. We will in the following briefly review some major condo areas on Oahu and hopefully it gives you a better sense about the Oahu condo market.
Let’s start reviewing some major neighborhoods for condos in Honolulu, then move to Kailua and continue anticlockwise around Oahu and end up in Mililani Mauka in Central Oahu.
Kakaako A new modern living environment right in central Honolulu (between Ala Moana and Downtown), it will be the top story for years to come with lots on ongoing development of new condos, including some of the most luxurious condos in Oahu.
Waikiki Oahu’s largest condo neighborhood with more than 100 condo towers and also the most popular tourist destination. More than 90% are older structures, but there are a few modern condos, including luxury buildings. About 30 condos allow short-term vacation rentals, making it popular for investors.
Diamond Head Home to the famed Gold Coast - 16 old condos hanging on the ocean’s edge - with the very best ocean views one can get in Oahu. Near Pualei Circle is another group of older mainly low-rise Diamond Head condos, most without views and a much lower price point than the Gold Coast.
Hawaii Kai Mix of high-rise condos and low-rise structures near or on one of the many marinas in this one-of-a-kind neighborhood in east Honolulu. Hawaii Kai was a master-planned development in the 1960’s and there is no place similar on Oahu.
Kailua Mainly low-rise structures and very little vertical built up. The condos typically don’t have much amenities and are often resembling small single-family homes. The community is centered around a small-town tropical tranquility - a throwback to Oahu’s roots.
Kaneohe The condos are a mix or older high-rise structures and more inviting low-rises, some located directly on Kaneohe Bay with private boat dock. Old Hawaii best describes the feel of this part of Oahu.
North Shore Older low-rise structures dominate the condo scene here and it is more of a single-family home part of Oahu. Several of the condos are right on the ocean, which is quite spectacular, especially in the resort neighborhood, Turtle Bay.
Kapolei Lots of new condos in this fast growing city on the west side of Oahu. Exclusively low-rise structures. There are even plans in this part of Oahu to connect Kapolei with its resort neighbor, Ko Olina.
Ko Olina Master-planned resort neighborhood on Oahu’s west coast, currently with 1 high-rise condo on the ocean, several low-rise structures nearby and a few hotels on the ocean. There are plans to develop more hotels and condos in this area.
Ewa Beach Follows a similar pattern to Kapolei with several low-rise condos and plans to develop many more low-rise condos. An incredible transformation has been ongoing for many years and it to continues.
Makakilo Exclusively low-rise structures located up on a hill above Kapolei within various sub-neighborhoods it tends to be a bit cooler and breezier than Kapolei flat. There are also developments taking place in Makakilo, though not to the extent of its neighbors in west Oahu.
Aiea & Pearl City Lots of older condos here, a mix of high-rises and low-rises. Both towns saw a lot of developments of condos during the 1970’s and 1980’s but it has been very slow since. There have been large scale development plans, but nothing has been executed yet.
Mililani Mauka Developed in the 1990’s to present this neighborhood sits on a plateau, making the air and temperatures cooler and for many that means the perfect place to come home to after a hot summer day. The condos are predominantly low-rise structures located throughout this beautiful lush green neighborhood.
This sums up our our overview of major Oahu condo neighborhoods. Hope it has been helpful.
Oahu Condos - Trends & Statistics
The price range of condos for sale in Oahu is $10K to $36M with a median price of $525K and median interior of 815sf.
The median price of condos sold in Oahu year-to-date (Jan 23, 2018) is $457K. In previous years it was $440K (2017), $415K (2016), $380K (2015), $360K (2014), $350K (2013), $329K (2012), $318K (2011), $320K (2010), $315K (2009), $338K (2008), $360K (2007).
162 condos have sold in Oahu year-to-date (Jan 23, 2018). In previous years, the total number of condos sold were 5807 (2017), 5302 (2016), 4782 (2015), 4601 (2014), 4572 (2013), 3901 (2012), 3560 (2011), 3495 (2010), 3160 (2009), 3373 (2008), 5293 (2007).
On average Oahu condos were on the market for 40 days before they were sold (Jan 23, 2018). In previous years it was 38 days (2017), 76 days (2016), 80 days (2015), 82 days (2014), 66 days (2013), 60 days (2012), 67 days (2011), 63 days (2010), 75 days (2009), 66 days (2008), 55 days (2007).
The average days on market for Oahu condos before sold was 37 days December 2017 compared to 71 days December 2016.
The ratio of Oahu condos sales price vs list price was 98.6% December 2017 compared to 99.0% December 2016.
442 Oahu condos were sold December 2017 compared to 519 condos sold December 2016.
The total dollar volume of condos currently for sale in Oahu is $1.55B and the sold dollar volume year-to-date (Jan 23, 2018) is $82.35M. In previous years sold dollar volume was $3.23B (2017), $2.88B (2016), $2.13B (2015), $1.98B (2014), $1.86B (2013), $1.52B (2012), $1.37B (2011), $1.36B (2010), $1.15B (2009), $1.34B (2008), $2.25B (2007).
The most recent sale in Oahu was a condo located at #3909 , sold for $845K on Jan 22, 2018. It had 1605sf of interior. 9 other recent sales include: #2809 (857sf) sold for $725K on 1/22/2018. #6312 (904sf) sold for $528K on 1/22/2018. #I1202 (798sf) sold for $405K on 1/22/2018. #B610 (892sf) sold for $415K on 1/22/2018. #B7 (870sf) sold for $450K on 1/22/2018. #1408 (417sf) sold for $285K on 1/22/2018. #5/17 (1,290sf) sold for $562K on 1/22/2018. #3606 (1,145sf) sold for $1.06M on 1/20/2018. #3402 (1,147sf) sold for $855K on 1/19/2018.
In Oahu there is currently 1,661 fee simple units for sale. 751 of the condos have ocean views, 282 have Diamond Head views and 660 have mountain views.
There are 225 studio floor plans, 428 x 1 bedroom floor plans, 701 x 2 bedroom floor plans, 283 x 3 bedroom floor plans and 20 x 4 bedroom floor plans.