About Kaneohe Kaneohe is just north of Kailua on the Windward side of Oahu. Though cheek to cheek, separated now by the the H3 freeway, they still have differences that make each distinctive. Kaneohe retains a more local feel in many ways. The town doesn't attract the tourist trade like their neighbor to the south, so the community tends to be geared strictly to residents and their needs.
That's probably why Windward Mall is located here, the largest shopping center on the east side of the Pali. Other large strip malls provide every need and want as well, so leaving town to shop is rarely required unless a change of scenery is desired. The natural side of life is fulfilling, too.
Kaneohe Bay - Come Here to Play There isn't a contender for 'Best Beach' to be found in Kaneohe, the coastline tending to be more grass and rock than sand. Though that means sunbathing is out, the waters are still a delight. Kaneohe Bay is an alluring sight and the perfect place to put in for standup paddleboarding, kayaking or some snorkeling. A protective reef keeps the waters calm so this isn't a prime surfing spot. Any other water activity, though, is a go, including one very famous local tradition.
At low tide a sand island appears in the Bay for a few hours. As soon as it emerges, the party begins on the notorious 'Sandbar'. Boaters drop anchor, fire up their BBQs, throw around the frisbee, talk story and make new friends, all on this temporary beach in the middle of Kaneohe Bay. It's a special part of Kaneohe life that should be experienced at least once, though it'll be hard to keep away after that first visit.
The H-3 dividing line seems to even affect the weather. Kaneohe has cooler days and more rainfall than the more southern end of Windward Oahu. It's this rain that keeps the greenery so rich and thriving around you. One of the joys of living here is gazing up at the jade colored Koolau mountains after a shower. Countless waterfalls stream down the hills, an unforgettable cascade of white against green.
Real Estate That Has It All Kaneohe real estate is an interesting mix of both suburban and rural properties. There are real contrasts to be found. The southern and central areas are where higher density neighborhoods stand, mainly houses but some condos as well. Go a little further north, however, and you're in a different world.
In those parts of Kaneohe, beginning in Ahuimanu, the setting becomes distinctly countryside, Oahu style. Small farms lie along the roads, up against oceanfront homes inhabited by those who like quiet luxury and a lot of privacy. Both sit against soaring mountainsides to the west and sweeping ocean views to the east. It's where you go to live in the cradle of Mother Nature's power & majesty.
Dive into the neighborhoods and you'll really get to know Kaneohe:
Kaneohe Bay / Mahinui: Owning a boat is almost a requirement for buying a home in this neighborhood. You sit right on Kaneohe Bay, some of the best waters to take a soothing ride on, along with being home of the Sandbar. It includes the houses that are between Mokapu Saddle Road up to the entrance to Kaneohe Marine Corp Base.
Alii Bluffs / Alii Shores: One word, Oceanfront. These homes are right on the Pacific, making them extremely desirable. Find them on Ipuka St, Lilipuna Rd, Yard Club St and Ka Hanahou Circle or just look for the big blue waters.
Makani Kai Marina & Poha Kea Point: You have a choice here. The townhomes in Makani Kai uniquely have their own boat docks and ocean access, just steps from your living room! Those without a boat, but who still want the ocean views can easily fulfill that wish in the condos at Poha Kea Point.
Summit at Kaneohe Bay: The views here are truly spectacular due to the fact that you live on top of a knoll, surrounding you with ocean on 3 sides! Not just a view, but an entire panorama is yours from your home. Safety and security also come in the bargain as this is a gated community, located off Lilipuna Rd.
Bayview Golf Course: For many, a newer home is their dream. This neighborhood was built in 2012, making it one of the most recent additions to Kaneohe's real estate market. The houses are styled in a modern grand design, made of stucco and with 2 stories. There are even some with excellent ocean views. Those looking for something contemporary should look into these properties.
Haiku Plantation: Buying a house in Haiku Plantation means becoming Lord (or Lady) of your Manor. Large 1 acre estates enthroned in lush green gardens. Stretch out, start gardening and enjoy the perks of having a grand lawn to call your own. The neighborhood is gated to ensure you get not only privacy, but security as well.
Lulani Ocean: Chinaman's Hat is a favorite stop for both locals and tourists. Living here, it becomes a faithful friend. The houses look out on this landmark and the ocean surrounding it from the hillside above. The thick foliage of the hills insulate you from the Highway, separating you from noise and outside intrusions. Lulani St is a must see for Oahu real estate buyers looking for something special.
Punaluu: Half acre oceanfront estates that should also be on the list for luxury property buyers. Many are still Leasehold, but the land owner, Kamehameha Schools, has recently sold some of their Fee interest. Very distinctive homes that luxuriate in the greenery all around them. A good midway between 'town' Kaneohe and the rural outreaches.
Why Kaneohe? Kaneohe is the right choice for those who love the more sedate, less developed Windward Oahu, cushioned by the mountains from the extreme tourist areas. It claims one of the largest malls on the Island, yet you'll find local businesses flourishing here, too, keeping it grounded in the Hawaii residents know and love.
It's a well-kept secret, lacking the glamour of other parts of Oahu, and that is just fine with Kaneohe. While others fight over Bed & Breakfasts and being overwhelmed by visitors, this is where you live contentedly, looking forward to the next barbecue or maybe even another visit out to the Sandbar.
Kaneohe Houses - Trends & Statistics
The price range of houses for sale in Kaneohe is $520K to $3.65M with a median price of $1.1M, median interior of 2,046sf and median land size of 7,222sf.
The median price of houses sold in Kaneohe year-to-date (Jan - Oct 23, 2017) is $841K. In previous years it was $785K (2016), $755K (2015), $730K (2014), $680K (2013), $630K (2012), $595K (2011), $628K (2010), $611K (2009), $661K (2008), $685K (2007), $699K (2006), $659K (2005), $495K (2004), $423K (2003).
268 houses have sold in Kaneohe year-to-date (Jan - Oct 23, 2017). In previous years, the total number of houses sold were 297 (2016), 279 (2015), 260 (2014), 262 (2013), 219 (2012), 219 (2011), 276 (2010), 208 (2009), 202 (2008), 261 (2007), 258 (2006), 350 (2005), 385 (2004), 361 (2003).
On average Kaneohe houses were on the market for 47 days before they were sold (Jan - Oct 23, 2017). In previous years it was 91 days (2016), 100 days (2015), 88 days (2014), 79 days (2013), 62 days (2012), 68 days (2011), 74 days (2010), 86 days (2009), 82 days (2008), 77 days (2007), 70 days (2006), 46 days (2005), 48 days (2004), 60 days (2003).
The average days on market for Kaneohe houses before sold were 46 days September 2017 compared to 85 days September 2016.
The ratio of Kaneohe houses sales price vs list price were 96.7% September 2017 compared to 98.9% September 2016.
40 Kaneohe houses were sold September 2017 compared to 24 houses sold September 2016.
The total dollar volume of houses currently for sale in Kaneohe is $141.78M and the sold dollar volume year-to-date (Jan - Oct 23, 2017) is $246.25M. In previous years sold dollar volume was $248.79M (2016), $231.72M (2015), $206.92M (2014), $192.09M (2013), $140.77M (2012), $139.67M (2011), $185.85M (2010), $141.31M (2009), $143M (2008), $193.46M (2007), $205.64M (2006), $251.55M (2005), $212.61M (2004), $162.88M (2003).
The most recent sale in Kaneohe was a house located at 44-381 Kaneohe Bay Drive, sold for $3.4M on Oct 20, 2017. It had 2931sf of interior. 9 other recent sales include: 47-345 Mawaena Street (2,892sf) sold for $960K on 10/19/2017. 45-785 Nanihoku Way (960sf) sold for $748K on 10/19/2017. 47-171 Waiohia Place (1,800sf) sold for $820K on 10/17/2017. 53-797 Kamehameha Highway (1,236sf) sold for $715K on 10/16/2017. 45-470 Lolii Street (2,555sf) sold for $1.06M on 10/13/2017. 47-508 Waipaipai Street (1,120sf) sold for $770K on 10/13/2017. 45-079W Waikalua Road (2,095sf) sold for $895K on 10/12/2017. 51-442 Kekio Road (1,442sf) sold for $711K on 10/11/2017. 47-304D Lulani Street (2,103sf) sold for $905K on 10/10/2017.
63 of the houses have ocean views and 100 have mountain views.
Kaneohe History Like much of modern Oahu, the Kaneohe we know sprang up only in the second half of the 20th Century. Before, it was a major agricultural center from the beginning of Hawaiian memory. Its steady rainfall and fertile lands fed the people without fail for hundreds of years. It was such an important area that the first chief of all Oahu, Kahahana, made it one of his major residences. After uniting the Islands, Kamehameha I would follow suit, keeping it for his own personal domain, a high honor.
Throughout the 1800's and 1900's farming would remain the primary purpose of the lands here, producing crops like taro, breadfruit, bananas and rice. Fishponds were built here as well to further provide sustenance, freeing the Hawaiians' from dependence on the ocean.
In the late 1800's, however, a major shift began to happen. After the Great Mahele, much of the property in Kaneohe began to be sold, passing from royal hands for the first time. Most significantly, the Castle family began to buy more and more of it, eventually claiming 10,000 acres, which was most of the Kaneohe-Kailua area. They joined the rest of Hawaii at this time by starting sugar plantations as well as a major cattle concern on their vast holdings. All of this activity was gathered under the umbrella of an entity called the Kaneohe Ranch.
The Castle family maintained the rural environment on this side of the Koolaus until 2 factors pointed them in a new direction. One was the post-World War II boom that saw a surge in demand for housing, occurring at the same time that the plantation system was dying out. The 2nd came in 1959 when the Pali Tunnel was completed, allowing downtown workers to live here and easily commute. Kaneohe real estate would never be the same.
Almost every square inch of today's Kaneohe sits on either Castle land or land formerly owned by them. The conversion to development in the 1950's created huge neighborhoods of homes, most leased long-term from Kaneohe Ranch. In that one decade the town's population doubled in size and continues to grow even now, though at a slower pace.
Some homeowners have been able to buy the fee-simple interest in the land, but Kaneohe Ranch still remains a major landowner, easily one of the biggest on Oahu after the Bishop Estate. It's an unbroken link to Royal Hawaii, proving that Island real estate has been a smart investment from the very beginning.