The Home Buyer's Korner

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July 23rd, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Kapiolani Blvd/Piikoi St Neighborhood

Ala Moana Area Homes for Sale

Honolulu, Hawaii

1350 Ala Moana Blvd

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Kapiolani Blvd/Piikoi St area median real estate price is $694,218, which is more expensive than 64.5 percent of the neighborhoods in Hawaii and 95.5 percent of the neighborhoods in the U.S.

The average rental price in Kapiolani Blvd/Piikoi St area is currently $1,868 and higher than 66.7 percent of the neighborhoods in Hawaii. Vacant apartments or homes are a major fact of life in Kapiolani Blvd/Piikoi St area. The current real estate vacancy rate here is 26.2 percent. This is higher than the rate of vacancies in 91.8 percent of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied at 20.2 percent. This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Kapiolani Blvd/Piikoi St area real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium developments, apartment complexes/high-rise apartments 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 Kapiolani Blvd/Piikoi St area are established, but not old, having been built between 1970 and 1999 and 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.

Kapiolani Blvd/Piikoi St area is a neighborhood that is on the ocean with amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery.

In addition, the real estate in the Kapiolani Blvd/Piikoi St neighborhood really stands out in the way it looks for many unique reasons. The neighborhood has a higher proportion of condominiums and high-rises than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by large multi-family housing. In fact, 96.7 percent of the real estate here is classified as condominium, apartment complexes or high-rises, which is more than is found in 99.5 percent of American neighborhoods.

Furthermore, the Kapiolani Blvd/Piikoi St neighborhood 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 condominiums from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 89.6 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, one of the really interesting characteristics about the Kapiolani Blvd/Piikoi St neighborhood is that it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. Despite the excitement, however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.6 percent of college-friendly places to live in the state of Hawaii. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for active retirees.

Many home buyers coming into the area are affiliated with the University of Hawaii and have children going to one of the private schools. If you have a college bound child check out our blog post on Kiddie Condos and see if it’s something that’s right for you.

More people in Kapiolani Blvd/Piikoi St choose to walk to work each day at by 22.3 percent 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 4.9 percent of residents in the Kapiolani Blvd/Piikoi St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.4 percent of all neighborhoods in the U.S.

Your future neighbors in the Kapiolani Blvd/Piikoi St area enjoy upper-middle incomes and has a higher income than 73.8 percent of the neighborhoods in America.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Kapiolani Blvd/Piikoi St area, 44.9 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 27.6 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 14.3 percent and 13.0 percent in manufacturing and laborer occupations.

Each neighborhood in America has its own culture. Some more unique than others, which often is based on lifestyle, occupations, the types of households and equally important is the ethnicity and ancestries 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 Kapiolani Blvd/Piikoi St neighborhood, residents most commonly identify their ethnicity or ancestry as Asian at 53.7 percent.. There are also a number of people of German ancestry at 3.6 percent and residents who report English roots at 3.3 percent. Some of the residents are also of French ancestry at 3.2 percent, along with some Italian ancestry residents at 2.5 percent, among others. In addition, 36.2 percent of the residents in 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 Kapiolani Blvd/Piikoi St area is English, spoken by 60.5 percent of households. Other important languages spoken here include Japanese, which is spoken at 15.4 percent, Korean, Chinese and French.

Kapiolani Blvd/Piikoi St Neighborhood

Ala Moana 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 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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