Hoopili
A master-planned community located in Kapolei/Ewa Beach.
February came and went, and new projects are moving quickly. In this month's report, we'll take you out to the west side of Oahu to cover everything that Hoopili has to offer including their latest release named Nahele.
As always, before we jump in, below are a few tidbits about the real estate market in Hawaii.
The State of Hawaii has released its latest round of data for 2022 showing that new home building permits were flat in December. Sales reports from the MLS's and the State of Hawaii show decreases in average and median prices on Oahu, more with single-family homes. And while interest rates have crept up, we expect to see more and more opportunities for buyers to get into the game.
Another interesting takeaway from the State's report was the breakdown of where buyers are from and how average sales correlate. It's a common perception that out-of-state buyers purchase the majority of real estate in Hawaii, but the numbers show quite the opposite. See the graphs below.
Nahele is made up of four- and five-story condominium buildings with one- to three-bedroom floor plans. The development is currently undergoing construction and is expected to be completed this summer. Their first release (Building #5) sold out within days and while Nahele doesn't have inventory for sale right now, we want everyone to be prepared for their next release.
Their pricing is unlike any other new condo project on Oahu, ranging from $399,690 to $653,170.
When the release is announced, we'll take care of the rest.
Each condo at Nahele will come with 1 to 2 parking stalls (the 3-bedroom comes with a garage), a lanai, and a number of interior and exterior features. Like other homes sold by DR Horton Hawaii, each unit will come with a smart home system including a door bell camera, Amazon Echo Dot, smart switches, an IQ Panel, and more.
The first phase of homes at Ikena was released in late 2021 with 5 different floor plans. Since then, D.R. Horton has periodically released sets of 10 to 14 homes at a time and increased the number of floor plans to 8. The word on the street is that more homes are coming very soon.
Ikena's homes are ideal for larger families who need 3 to 4 bedrooms and lots of living space.
If you're a small family looking for a 2- or 3-bedroom home with a yard and patio, Hooulu is a perfect choice. Not only are these smaller functional homes priced lower than other homes in Hoopili, but they also have a cultural appeal being some of the only plantation-style homes in the area.
These homes include 2 stories with either 3- or 4-bedrooms ranging in size from 1,057 to 1,365 square feet.
40% of inventory remains. 1 bed, 1 to 1.5 bath - $920k to $1.75M 2 bed, 2 to 2.5 bath - $1.4M to $2.8M 3 bed, 3 to 3.5 bath - $2.3M to $5.5M Condos are no longer restricted to owner-occupants. It's open to everyone. | |
6 C and E models are available. Ranging from $783,900 to $895,589. See the inventory list here. Credits of $4k are offered for all homes. | |
8 A and B models are available priced from $936,100 to $979,500. See the inventory list here. Credits of $4k are offered for all homes. | |
60 Studios left - Starting at $270,000 1 One Bedroom (Unit #1301) - $360,000 15 Two Bedroom condos remain - Starting at $398,000 DPP Requirements Apply The original 30 years "affordable housing" classification has been reduced to appealed. It is now 10 years for The Flats Palm Units | |
1 Studio - $658,900 2 One Bedroom units facing ocean - $1,061,900 and up Two Bedroom units starting at $1,007,900 | |
4 Studios remain - Starting at $749k One Bedroom condos starting at $855,000 Most of these condos are on high floors with views of Victoria Ward Park. | |
Studios - Starting at $706k One Bedroom - Starting at $949k Two Bedroom - $1,832,000 Three Bedroom - Starting at $2.101M | |
Non-restricted units remain ranging from $1.2M to $5.4M | |
10 studios ranging from $326k to $337k. The highest floor available is the 28th.
HCDA Requirements Apply Construction has started at Ulana. | |
1- and 2-bedrooms (Affordable Housing) - One bedroom units start at $477,900 and two-bedroom units at $624,100 Two Bedrooms (Market-rate) - Starting at $797,500 HHFDC Requirements for the one bedrooms only | |
7 Three Bedroom units - Starting at $1,011,800 6 Four Bedroom units - Starting at $1,270,000 | |
Pakela Ike | 10 of 24 lots of land remain available. Launched in early February. |
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We are not the developer. We're real estate agents who help you buy new homes at no extra cost.DISCLAIMER
Real Estate And Living Hawaii is committed to providing the most up-to-date information about real estate developments in Hawaii. Information about projects, collected on February 28, 2023, including pricing, inventory, and floor plans, often change without notice. Information is deemed reliable but not guaranteed.
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We are not the developer. We're real estate agents who help you buy new homes at no extra cost.A master-planned community located in Kapolei/Ewa Beach.
Hooulu offers plantation-style homes with 2 or 3 bedrooms.
Mamaka has 3- & 4-bedroom detached single-family condo homes.
Modern homes with open-concept rooms & an ADU home option.
An urban 4/5 story mid-rise project is now on sale at Hoopili.
A newly transformed suburban neighborhood with a local feel.
