About Keolu Hills Keolu Hills is a neighborhood in the Enchanted Lake section of Kailua, appropriately named as it’s on the hills that rise behind Lanikai. The base of the neighborhood is bordered by Keolu Drive and it extends to the top of the hills. Homes near the top of the neighborhood enjoy wonderful views of Mount Olomana, the ocean and coastline, and the city below. Residents of Keolu Hills are just minutes away from Enchanted Lakes Shopping Center on Keolu Drive, a five minute drive to the restaurants and shopping in popular Kailua Town, and a 5-10 minute drive to Kailua Beach Park and Lanikai. Schools and parks are just minutes away, which makes Keolu Hills a great place to raise a family.
The neighborhood began development in the 1950s and many of Keolu Hills’ original homes were built in the late ‘50s and ‘60s. The original homes were bungalow and plantation style houses, but many have been remodelled, renovated, expanded or completely torn down. Today the standard Keolu Hills home has 3 or 4 bedrooms and 1,000 - 1,800 sq ft of living space. The larger homes tend newer or renovated and most are found towards the top of the hill, featuring as many as 7 bedrooms, 6 bathrooms and 5,000 sq ft. The renovated and more recently built homes have roomy, open floor plans that allow natural light to shine in and trade winds to blow through. Homes that have not been remodelled may need some work, but they also come with a lower price tag for buyers who have the time and inclination to remodel.
Lot sizes in Keolu Hills are on the smaller side, with the majority in the 5,000 - 7,000 sq ft range. There are some larger lots though, offering around 10,000 sq ft. Some yards feature nice landscaping, gardens and tropical vegetation. Few homes have a pool or jacuzzi because there’s just not enough room.
Keolu Hills is a great neighborhood for young professionals, growing families, empty-nesters and multi-generational families, as well as those looking for an investment property. There are lovely new and renovated homes for those who want a move-in ready property, and the “fixer-uppers” offer value in highly-desirable Kailua. Homes in Keolu Hills have the variety to accommodate the needs of an individual or family. The close proximity to this coastal town’s shops, restaurants and famous beaches makes Keolu Hills even more enticing!
The price range of houses for sale in Keolu Hills is $795K to $1.19M with a median price of $892K, median interior of 1,615sf and median land size of 7,539sf.
The median price of houses sold in Keolu Hills year-to-date (Jan - Sep 23, 2017) is $940K. In previous years it was $845K (2016), $836K (2015), $842K (2014), $780K (2013), $675K (2012), $661K (2011), $653K (2010), $639K (2009), $699K (2008), $699K (2007), $699K (2006), $765K (2005), $575K (2004), $460K (2003).
20 houses have sold in Keolu Hills year-to-date (Jan - Sep 23, 2017). In previous years, the total number of houses sold were 28 (2016), 29 (2015), 26 (2014), 35 (2013), 25 (2012), 26 (2011), 29 (2010), 21 (2009), 28 (2008), 24 (2007), 33 (2006), 36 (2005), 37 (2004), 42 (2003).
On average Keolu Hills houses were on the market for 23 days before they were sold (Jan - Sep 23, 2017). In previous years it was 91 days (2016), 77 days (2015), 89 days (2014), 56 days (2013), 43 days (2012), 52 days (2011), 62 days (2010), 83 days (2009), 74 days (2008), 40 days (2007), 64 days (2006), 25 days (2005), 25 days (2004), 53 days (2003).
The average days on market for Keolu Hills houses before sold were 15 days August 2017 compared to 52 days August 2016.
The ratio of Keolu Hills houses sales price vs list price were 101.7% August 2017 compared to 97.7% August 2016.
3 Keolu Hills houses were sold August 2017 compared to 4 houses sold August 2016.
The total dollar volume of houses currently for sale in Keolu Hills is $5.55M and the sold dollar volume year-to-date (Jan - Sep 23, 2017) is $18.74M. In previous years sold dollar volume was $25.14M (2016), $24.17M (2015), $22.2M (2014), $26.68M (2013), $17.47M (2012), $17.61M (2011), $20.43M (2010), $14.06M (2009), $20.04M (2008), $16.99M (2007), $23.78M (2006), $27.23M (2005), $21.35M (2004), $19.45M (2003).
The most recent sale in Keolu Hills was a house located at 1225 Nanialii Street, sold for $870K on Sep 21, 2017. It had 1818sf of interior. 9 other recent sales include: 1411 Kina Street (1,680sf) sold for $925K on 9/15/2017. 1109 Loho Street (840sf) sold for $650K on 8/30/2017. 1451 Kina Street (2,070sf) sold for $1.01M on 8/23/2017. 1367 Kuloaa Place (1,412sf) sold for $985K on 8/10/2017. 1109 Mowai Street (2,626sf) sold for $860K on 6/27/2017. 1389 Nanialii Street (1,728sf) sold for $1.02M on 6/23/2017. 1333 Nanialii Street (1,768sf) sold for $939K on 6/23/2017. 1416 Kupau Place (1,212sf) sold for $907K on 6/23/2017. 1426 Lekeona Street (1,642sf) sold for $865K on 6/16/2017.
1 of the house has ocean views and 5 have mountain views.