The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 18th, 2015

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Pacific Palisades Pearl City, Hawaii

Pacific Palisades Homes for SalePacific Palisades median real estate price is $624,969, which is more expensive than 53.8 percent of the neighborhoods in Hawaii and 94.1 percent of the neighborhoods in the U.S.

The average rental price in Pacific Palisades is currently $1,832 and the average rental cost in this neighborhood is higher than 65.7 percent of the neighborhoods in Hawaii. In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With 0.0 percent of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Pacific Palisades neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

Pacific Palisades is a suburban neighborhood located in Pearl City, Hawaii and primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the Pacific Palisades neighborhood are older, well-established, built between 1940 and 1969 with a number of residences built between 1970 and 1999.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Pearl City, the Pacific Palisades neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

If you’re looking for a great spot to raise a family, then look no further than the Pacific Palisades neighborhood. With the combination of good quality public schools, above-average safety from crime and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 13.8 percent of family-friendly neighborhoods across the state of Hawaii. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. Families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.

The neighbors in the Pacific Palisades neighborhood in Pearl City are well-to-do, making it among the 15 percent highest income neighborhoods in America and this neighborhood has a higher income than 87.2 percent of the neighborhoods in America.

In the Pacific Palisades neighborhood, 31.4 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.4 percent of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants 21.7 percent and 19.5 percent in clerical, assistant, and tech support occupations.

Each has its own culture derived primarily from the ancestry and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were can help you understand how a neighborhood is today.

In the Pacific Palisades neighborhood in Pearl City, Hawaii, residents most commonly identify their ethnicity or ancestry as Asian at 45.7 percent. There are also a number of people of Puerto Rican ancestry at 9.7 percent and residents who report Portuguese roots at 3.2 percent. Some of the residents are also of Mexican ancestry at 2.2 percent, along with some German ancestry residents at 2.0 percent, among others. In addition, 11.9 percent of the residents of this neighborhood were born in another country.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Pacific Palisades neighborhood is English, spoken by 81.0 percent of households. Other important languages here include Japanese at 4.3 percent of household, followed by Chinese.

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FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks


The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

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Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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click on “File”; then click on “Print”. In the center of the screen, you will have the option

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