The Home Buyer's Korner

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July 24th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Moiliili, Honolulu, HI Homes for Sale

Mo'ili'ili 2

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Moiliili area median real estate price is $497,608, which is less expensive than 68.3 percent of Hawaii neighborhoods and 9.7 percent of all U.S. neighborhoods.

The average rental price in Moiliili is currently $1,357 and lower in price than 70.0 percent of Hawaii neighborhoods. In Mo’ili’ili, the current vacancy rate is 1.8 percent, which is a lower rate of vacancies than 93.2 percent of all neighborhoods in the U.S. This means that the housing supply in Moiliili is very tight compared to the demand for property here.

Moiliili real estate area is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises, and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Moiliili area are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

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 Honolulu, the Moiliili area, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Moiliili area is very densely populated compared to most U.S. neighborhoods. In fact, with 47,383 persons per square mile in the neighborhood, it is more packed with people than 98.5 percent of the nation’s neighborhoods.

In addition, the Moiliili 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 82.2 percent of the real estate here of this small si

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