About Punchbowl Homes Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.
Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same place.
Lower has been especially taken up with condominiums in recent decades, being closer to town and its flatter lands making it more accommodating to those structures.
Turn your eyes up the slopes and now you're looking at the Upper area, which holds the vast majority of Punchbowl houses – and what homes they are! These hills here were where middle to upper class Honolulu families first settled in the early 20th Century and many of those original residences stand proudly still.
Those early residents enjoyed the very same attractions that draw so many today. The high ground creates a lookout that takes in the prime areas of Honolulu – the new Kakaako, the Capitol and Downtown. Just a little further out from those, you're treated to the blanket of blue ocean laid out all along the horizon as well.
These can all be enjoyed from the numerous vintage Island houses that come on the market, some designed by famed architect Vladimir Ossipoff. These kamaaina homes perpetuate the genteel lifestyle those original residents reveled in for the enjoyment of today's home buyer.
New or vintage, a house here will cost you more than many other areas of Honolulu. Scan the Punchbowl real estate listings and a you'll see many priced at over $1M.
Unlike some areas, however, where the price is elevated just for being there, the perks of living on these hills are abundantly clear. Looking out at the city below you and the waves beyond, you know exactly what you paid for and why it was worth every bit of it.
The price range of houses for sale in Punchbowl is $495K to $2.6M with a median price of $1.1M, median interior of 1,696sf and median land size of 4,609sf.
The median price of houses sold in Punchbowl year-to-date (Jan - Oct 22, 2017) is $802K. In previous years it was $900K (2016), $970K (2015), $785K (2014), $734K (2013), $705K (2012), $599K (2011), $669K (2010), $640K (2009), $639K (2008), $654K (2007), $700K (2006), $626K (2005), $488K (2004), $438K (2003).
20 houses have sold in Punchbowl year-to-date (Jan - Oct 22, 2017). In previous years, the total number of houses sold were 37 (2016), 45 (2015), 20 (2014), 30 (2013), 20 (2012), 19 (2011), 31 (2010), 19 (2009), 31 (2008), 46 (2007), 30 (2006), 36 (2005), 36 (2004), 44 (2003).
On average Punchbowl houses were on the market for 52 days before they were sold (Jan - Oct 22, 2017). In previous years it was 112 days (2016), 124 days (2015), 80 days (2014), 104 days (2013), 52 days (2012), 84 days (2011), 106 days (2010), 39 days (2009), 69 days (2008), 70 days (2007), 81 days (2006), 58 days (2005), 65 days (2004), 84 days (2003).
The average days on market for Punchbowl houses before sold were 16 days September 2017 compared to 78 days September 2016.
The ratio of Punchbowl houses sales price vs list price were 105.3% September 2017 compared to 96.7% September 2016.
2 Punchbowl houses were sold September 2017 compared to 2 houses sold September 2016.
The total dollar volume of houses currently for sale in Punchbowl is $17.43M and the sold dollar volume year-to-date (Jan - Oct 22, 2017) is $18.89M. In previous years sold dollar volume was $35.25M (2016), $48.49M (2015), $15.98M (2014), $21.27M (2013), $13.66M (2012), $11.17M (2011), $21.46M (2010), $11.54M (2009), $19.44M (2008), $31.03M (2007), $19.62M (2006), $22.61M (2005), $17.49M (2004), $19.64M (2003).
The most recent sale in Punchbowl was a house located at 1804 Lusitana Street, sold for $650K on Oct 13, 2017. It had 1674sf of interior. 9 other recent sales include: 445 Kekuanoni Place (1,048sf) sold for $805K on 9/20/2017. 228 Kaia Street (1,156sf) sold for $800K on 9/8/2017. 62 Prospect Street (880sf) sold for $945K on 8/11/2017. 1634B Leilehua Lane (785sf) sold for $559K on 7/12/2017. 2583 Booth Road (2,242sf) sold for $900K on 6/30/2017. 2555 Kekuanoni Street (1,650sf) sold for $1.09M on 6/28/2017. 2603 Kekuanoni Street (1,839sf) sold for $773K on 6/13/2017. 1853 Puowaina Drive (1,012sf) sold for $560K on 6/5/2017. 2207 Star Road (3,164sf) sold for $1.34M on 6/2/2017.
5 of the houses have ocean views and 11 have mountain views.