Market Update for Hawaii Kai as of Sept. 21, 2007:

Single Family Homes

Active Listings: total 123

Under $1,000,000 - 37

$1,000,000-$1,200,000 - 12

$1,200,000-$2,000,000 - 48

$2,000,000-$17,888,888 - 26

Listings Under Contract: total 23

Under $1,000,000 - 13

$1,000,000-$3,575,000 - 10

Sold in the last 6 months: total 130

Under $1,000,000 - 86

$1,000,000-$1,200,000 - 15

$1,200,000-$2,000,000 - 23

$2,000,000-$4,500,000 - 6

Condos

Active Listings: total 83

From $365,000 to $1,288,000

Listings Under Contract: total 34

From $320,000 to $1,580,000

Sold in the last 6 months: total 152

From $300,000 to $1,150,000

If you would like more information on the Hawaii Kai market, or active listings, just let me know. I have been a resident of this community and a REALTOR here for many years.

Aloha,

Barbara

Portlock Road, on the east end of Hawaii Kai, at the east tip of the island of Oahu, has long been known as one of the most exclusive residential areas on the island. Henry Kaiser, who developed Hawaii Kai, built his multi-acre estate there, overlooking Diamond Head and Maunalua Bay, and many other legendary figures have owned property in this spectacular setting.

The area is named after Captain Nathaniel Portlock, who is remembered for writing the first published description of Pearl Harbor, in his journal, printed in 1789. The diary related his experiences on a voyage of discovery in command of the British vessels King George and Queen Charlotte.

Portlock Road parallels the clear, pristine waters of Maunalua Bay. The residences on the water side enjoy views of Diamond Head and many have white sand beaches. There is a good surf break not far offshore, and a small public beach known and used by locals. One homeowner tried to lock the path to this beach a few years back, which caused many hard feelings. He finally lost in court, and the beach remains available to those not able to afford homes on the water.

The area is just off Kalanianaole Highway, an easy drive to H1 and downtown Honolulu. Turning east on the highway takes the traveler to Hanauma Bay, past the Makapuu Lighthouse, to the scenic Windward Coast of Oahu. Residents of Portlock can enjoy all the amenities of suburban living in the Hawaii Kai community, but be within 15 minutes of the busy metropolitan center of Honolulu.

Of the 686 properties in the area, sales this year in Portlock have ranged from $950.000 to $4,500,000. Active listings as of August, 2007 run from $1,798,000 to $17,888,888. If you want a prestigious address on Oahu, consider the neighborhood of Portlock, and contact me for more details, barbara@barbarashawaii.com