The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 23rd, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Ala Moana Blvd/Cooke St Area

Honolulu, Hawaii

Ala Moana

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Ala Moana Blvd/Cooke St area median real estate price is $643,802, which is more expensive than 55.9 percent of the neighborhoods in Hawaii and 94.5 percent of the neighborhoods in the U.S.

The average rental price in Ala Moana Blvd/Cooke St is currently $1,407 and lower in price than 65.5 percent of Hawaii neighborhoods. Home and apartment vacancy rates are 10.7 percent in Ala Moana Blvd/Cooke St. area, which is a rate lower than 43.1 percent of the neighborhoods in the nation and approximately near the middle range of vacancies.

Ala Moana Blvd/Cooke St area real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ala Moana Blvd/Cooke St area are established, but not old, having been built between 1970 and 1999, with a number of residences were also built between 2000 and to present day.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels.

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Ala Moana Blvd/Cooke St neighborhood is on the ocean and has amenities and recreational activities on the waterfront that are attractive to residents and visitors alike.

In addition, one of the really unique and interesting things about the look and setting of the Ala Moana Blvd/Cooke St area is that it is almost entirely dominated by large multi-family complexes, such as condominiums, apartment complexes and high-rises. 97.6 percent of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large multi-family buildings than 99.7 percent of all neighborhoods in America.

Furthermore, the Ala Moana Blvd/Cooke St area is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 89.7 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Ala Moana Blvd/Cooke St  area stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.8 percent of the residential real estate here was built in this one time period.

In addition, one of the most interesting things about the Ala Moana Blvd/Cooke St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 46.6 percent of the households here made up of people, this is a larger proportion of people living alone than in 95.2 percent of the neighborhoods in America.

Also, if you’re nearing retirement age, or in retirement, the Ala Moana Blvd/Cooke St area is an excellent choice for you to consider for a top-quality retirement living. This neighborhood is rated among the top 6.5 percent of retiree-friendly neighborhoods in Hawaii, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it’s because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Hawaii.

More people in Ala Moana Blvd/Cooke St choose to walk to work each day at 15.0 percent of the residents than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5 percent of residents in the Ala Moana Blvd/Cooke St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.7 percent of all neighborhoods in the U.S.

Your future neighbors in the Ala Moana Blvd/Cooke St area have upper-middle incomes and have a higher income than 75.6 percent of the neighborhoods in America.

In the Ala Moana Blvd/Cooke St area, 52.6 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.5 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 12.9 percent and 11.9 percent in manufacturing and laborer occupations.

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Ala Moana Blvd/Cooke St area, residents most commonly identify their ethnicity or ancestry as Asian at 66.5 percent. There are also a number of people of English ancestry at 3.9 percent and residents who report German roots at 2.4 percent and some of the residents are also of Irish ancestry at 2.3 percent. In addition, 35.0 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 Ala Moana Blvd/Cooke St area is English, spoken by 55.2 percent of households. Other important languages spoken here include Japanese, spoken by 12.5 percent of households, Korean and Chinese.

Ala Moana Blvd/Cooke St Area Homes for Sale

Livingston-Homes-for-Sale

HOME OWNERSHIP TOOLS

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 a 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

FANNIE MAE HOMESTYLE

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

USDA RURAL DEVELOPMENT

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

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

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

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

To print this document, click on “Open in New Window” located at the lower right corner;

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

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