Rainbow Terrace, located at the eastern edge of Moiliili near Kapahulu, Kaimuki, and the University of Hawaii, has a photovoltaic system to help offset energy use. Units are 1BR/1BA with 570 sq ft interiors and lanais of 60 or 80 sq ft, offering views of the city skyline, Manoa Valley, and the Koolau Mountains.
Over the past three years, there is 1 or more years with 0 condo sales in Rainbow Terrace, which makes making a graph not very relevant. The graph above, therefore, represents all Kapiolani condos, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
Kapiolani Market Summary (December '24 - November '25 vs December '23 - November '24)
Median Sales Price: $414,167 vs $420,000 — down 1.39%
Number of Sales: 168 vs 163 — up 3.07%
List-to-Sale Price Ratio: 98.61% vs 98.82% — down 0.21%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
