The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 25th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

S Beretania St/S King St Neighborhood

Mccully-Moiliili, Honolulu, HI Homes for Sale

Coyne st

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S Beretania St/S King St area median real estate price is $409,641, which is less expensive than 81.0 percent of Hawaii and 15.0 percent of all U.S. neighborhoods.

The average rental price in S Beretania St/S King St is currently $1,173 and lower in price than 82.4 percent of Hawaii neighborhoods. Real estate vacancies in S Beretania St/ S King St area are 7.1 percent, which is lower than one will find in 63.0 percent of American neighborhoods. Demand for real estate in S Beretania St/S King St is above average for the U.S. and signals a demand for either price increases or new construction of residential homes.

S Beretania St/S King 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 renter occupied. Many of the residences in the S Beretania St/S King St area are older, well-established, built between 1940 and 1969 with a number of residences were also built between 1970 and 1999.

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.

An extraordinary 18.6 percent of the residents of the S Beretania St/S King St neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

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

The S Beretania St/S King St neighborhood stands out nationally for having a greater proportion of its residents active in the military than 97.2 percent of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.3 percent of residents in the S Beretania St/S King St area commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.7 percent of all neighborhoods in the U.S.

Also, 14.4 percent of the local residents in S Beretania St/S King St choose to walk to work each day 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.

In addition, one of the really unique and interesting things about the look and setting of the S Beretania St/S King St area is that it is almost entirely dominated by large condominium complexes, or high-rise apartments. With 76.4 percent of the residential real estate here classified as such. This puts this neighborhood on the map as having a higher proportion of multi-family buildings than 96.8 percent of all neighborhoods in America.

Furthermore, the S Beretania St/S King 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 single family homes or condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 83.4 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.

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 S Beretania St/S King St area, 40.2 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 32.8 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 13.8 percent and 12.5 percent in manufacturing and laborer occupations.

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 S Beretania St/S King St neighborhood, residents most commonly identify their ethnicity or ancestry as Asian at 55.6 percent. There are also a number of people of Irish ancestry at 3.9 percent and residents who report English roots at 3.3 percent. Some of the residents are also of Spanish ancestry at 2.4 percent, along with some German ancestry residents 2.2 percent, among others. In addition, 27.7 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 S Beretania St/S King St neighborhood is English, spoken by 61.1 percent of households. Other important languages spoken here include Japanese at 13.5 percent, Korean, Chinese and Vietnamese.

S Beretania St/S King St Neighborhood

Mccully-Moiliili 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.

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