About Salt Lake & Moanalua The Salt Lake & Moanalua neighborhoods took shape initially in the late 1950's once the Damon family sold their vast land holdings in this area, property they inherited from Princess Bernice Puahi Bishop herself. The developers who bought the land only divided the land into lots, selling those primarily to individual buyers to build houses. It didn't take long for condos to move in as well.
The population growth and the housing demand it powered surged beyond expectations beginning in the 1960's and extending well into the 1970's before some slowing finally took place. One of the main areas of Honolulu that saw numerous condos spring up during that time was Salt Lake. Specifically from Puuloa Rd to the Salt Lake Shopping Center, Salt Lake Blvd was covered in multi-story residences from the mauka side of the boulevard northward.
Since that time, Salt Lake condos have remained consistently desirable for the excellent location alone. Close to both the highway as well as most of the major military bases – Pearl Harbor, Hickam AFB and Fort Shafter – the commute time is kept to a minimum for many. The presence of a surprising amount of parkland is another benefit that makes it very attractive, most prominently Salt Lake District Park, which has everything from hiking trails to tennis courts, multi-purpose buildings, a gymnasium and a pool.
You'll find a wide variety of properties here, from the basic condominium buildings of the initial build-up, with their exposed hallways, to more recent additions that have numerous amenities to offer those who enjoy having on-site extras to use.
Neighboring Moanalua doesn't have the high-rise condos of Salt Lake, or even many of the low-rise kind either. This is probably due to the fact that these lots were sold to the individual owners first, so most of that property was claimed once the boom really hit. Those that are there, though, provide a more intimate experience due to the smaller number of units and lower profile.
Moanalua Village is a perfect example, with 25 separate buildings of just 3 floors each. The remarkable thing is that, with just those 3 floors, some units can still see out to the ocean due to the high perch the community sits upon. Where Salt Lake's condos dwell mostly in the area that dips below the boulevard it's named after, Moanalua has high ground throughout that can give you an incredible outlook that's unexpected until seen for yourself.
The condos of both Salt Lake and Moanalua have remained in-demand properties from their first openings five decades ago. You can't argue with great central locations, low commute times and beautiful green surroundings and vistas that can startle those unacquainted with these communities. Maybe it's time for you to meet them.
The price range of condos for sale in Salt Lake/Moanalua is $155K to $650K with a median price of $420K and median interior of 865sf.
The median price of condos sold in Salt Lake/Moanalua year-to-date (Jan - Sep 22, 2017) is $366K. In previous years it was $360K (2016), $335K (2015), $310K (2014), $306K (2013), $275K (2012), $280K (2011), $270K (2010), $295K (2009), $285K (2008), $305K (2007), $289K (2006), $238K (2005), $200K (2004), $170K (2003).
156 condos have sold in Salt Lake/Moanalua year-to-date (Jan - Sep 22, 2017). In previous years, the total number of condos sold were 199 (2016), 231 (2015), 221 (2014), 194 (2013), 205 (2012), 168 (2011), 173 (2010), 162 (2009), 186 (2008), 240 (2007), 273 (2006), 401 (2005), 369 (2004), 282 (2003).
On average Salt Lake/Moanalua condos were on the market for 32 days before they were sold (Jan - Sep 22, 2017). In previous years it was 65 days (2016), 67 days (2015), 75 days (2014), 67 days (2013), 43 days (2012), 61 days (2011), 55 days (2010), 52 days (2009), 50 days (2008), 55 days (2007), 50 days (2006), 41 days (2005), 41 days (2004), 45 days (2003).
The average days on market for Salt Lake/Moanalua condos before sold was 27 days August 2017 compared to 50 days August 2016.
The ratio of Salt Lake/Moanalua condos sales price vs list price was 99.6% August 2017 compared to 99.8% August 2016.
17 Salt Lake/Moanalua condos were sold August 2017 compared to 14 condos sold August 2016.
The total dollar volume of condos currently for sale in Salt Lake/Moanalua is $15.25M and the sold dollar volume year-to-date (Jan - Sep 22, 2017) is $61.03M. In previous years sold dollar volume was $76.43M (2016), $83.7M (2015), $71.57M (2014), $63.49M (2013), $61.35M (2012), $51.51M (2011), $51.05M (2010), $50.19M (2009), $56.66M (2008), $75.88M (2007), $80.61M (2006), $103.21M (2005), $81.53M (2004), $51.75M (2003).
The most recent sale in Salt Lake/Moanalua was a condo located at #506 , sold for $415K on Sep 21, 2017. It had 870sf of interior. 9 other recent sales include: #1505 (894sf) sold for $372K on 9/20/2017. #1904 (300sf) sold for $155K on 9/20/2017. #1806 (864sf) sold for $388K on 9/18/2017. #1511 (350sf) sold for $190K on 9/15/2017. #907 (844sf) sold for $381K on 9/15/2017. #PH-2806 (1,538sf) sold for $850K on 9/14/2017. #1808 (391sf) sold for $248K on 9/13/2017. #503 (1,051sf) sold for $430K on 9/12/2017. #211 (795sf) sold for $425K on 9/7/2017.
In Salt Lake/Moanalua there is currently 34 fee simple and 1 leasehold units for sale. 7 of the condos have ocean views, 1 has Diamond Head views and 18 have mountain views.
There are 2 studio floor plans, 5 x 1 bedroom floor plans, 18 x 2 bedroom floor plans and 10 x 3 bedroom floor plans.