2432 Halenoho Place $839,000 - Open House Today 3 Bd | 1.5 Ba | 1,364 sf Land: 22,022 sf Ocean viewOpen House Today
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Palolo real estate takes up the entire valley that's cradled between St. Louis Heights on the west and Wilhelmina Rise on the east, with Waialae Ave as its southern border. Like other valleys in Hawaii, the trip from the entrance to the back areas ends you up in a different climate than the one where you started.
Homes in Palolo's far end get noticeably more rain, often on a daily basis, as well as cooler temperatures. The rest of the valley gets plenty of precipitation as well, which explains the flourishing green growth you can't help noticing. Plant lovers will find this a superb place to settle.
Generally, Palalo houses are more affordable than any of the other neighborhoods nearby, which makes it an attractive option for those with lower budgets. Still, it does claim more than a few properties that are worth well over the 7 figure mark.
The average residence, across the board, is a plantation style house, often with single wall construction. This is due to the fact that so many of these structure have remained since that era, all these decades later. Most families tend to stay here for a long time.
Families is the key word as there is a very large percentage of houses with 3, 4 and even 5+ bedrooms here. Perfect for parents with a lot of children or for the many multi-generational households we have in Hawaii.
Some of the most striking Palolo homes are those that line, and even cling to, the slopes on each side. These aren't the most ideal conditions for those with mobility issues or for just loading in the groceries. In exchange, however, those residents get views that take in not only much of the valley and often Diamond Head, some can also see the Pacific from their perch. Not a bad tradeoff.
The locals can easily drive into Kaimuki, Kapahulu or down the way to Kahala and shop or dine at all of their many options. Even Waikiki's beaches are in reach whenever sun or surf is calling you. Add all that to the affordability and you can understand why more and more are flocking to Palolo.
The price range of houses for sale in Palolo is $779K to $2.09M with a median price of $1.18M, median interior of 2,704sf and median land size of 5,000sf.
The historic median sales price of houses sold in Palolo was $810K (2017), $760K (2016), $776K (2015), $700K (2014), $700K (2013), $640K (2012), $570K (2011), $590K (2010), $560K (2009), $605K (2008), $565K (2007).
0 houses have sold in Palolo year-to-date (Jan 21, 2018). In previous years, the total number of houses sold were 44 (2017), 54 (2016), 46 (2015), 47 (2014), 51 (2013), 45 (2012), 38 (2011), 42 (2010), 36 (2009), 35 (2008), 33 (2007).
Historically, the average number of days it took to sell houses in Palolo was 30 days (2017), 103 days (2016), 88 days (2015), 71 days (2014), 64 days (2013), 62 days (2012), 63 days (2011), 58 days (2010), 61 days (2009), 73 days (2008), 63 days (2007).
The average days on market for Palolo houses before sold were 21 days December 2017 compared to 226 days December 2016.
The ratio of Palolo houses sales price vs list price were 99.3% December 2017 compared to 98.1% December 2016.
5 Palolo houses were sold December 2017 compared to 6 houses sold December 2016.
The total dollar volume of houses currently for sale in Palolo is $13.05M . The sold dollar volume in previous years was $36.7M (2017), $43.2M (2016), $36.98M (2015), $35.83M (2014), $36.32M (2013), $28.37M (2012), $22.47M (2011), $24.39M (2010), $20.65M (2009), $21.9M (2008), $19.24M (2007).
The most recent sale in Palolo was a house located at 2182-A Palolo Avenue, sold for $850K on Dec 22, 2017. It had 2212sf of interior. 9 other recent sales include: 2115 10th Avenue (948sf) sold for $595K on 12/21/2017. 2056 10th Avenue (759sf) sold for $860K on 12/21/2017. 2275 Palolo Avenue (780sf) sold for $710K on 12/21/2017. 1823 10th Avenue (1,202sf) sold for $820K on 12/12/2017. 2443 Jasmine Street (768sf) sold for $810K on 11/14/2017. 2555 Lai Road (1,472sf) sold for $710K on 11/3/2017. 2519 Lai Road (977sf) sold for $589K on 10/24/2017. 1843 10th Avenue (1,920sf) sold for $825K on 10/23/2017. 3279-A Kehau Place (2,065sf) sold for $875K on 10/20/2017.
2 of the houses have ocean views, 2 have Diamond Head views and 7 have mountain views.