oahu luxury homes for sale an ultimate guide to finding your dream property in paradise
oahu real estate for sale
Kaneohe, HI
Quick Facts
• Oahu has a highly competitive real estate market, with a median sales price around $850,000.
• Homes in popular areas like Honolulu, Waikiki, and Kahala tend to be pricier, often exceeding $1 million.
• Condominiums are a popular option for Oahu homebuyers, with prices ranging from $300,000 to over $1 million.
• New construction homes and condos can be found in areas like Kaka’ako, Kapolei, and Ewa Beach.
• Oahu’s North Shore is known for its rural and coastal lifestyles, with properties often priced lower than those in Honolulu.
• Luxury properties in Oahu can range from $2 million to over $20 million.
• A significant portion of Oahu’s real estate market consists of military and VA-approved properties.
• Hawaii state law caps property tax rates at 0.85% of the home’s assessed value.
• Oahu homebuyers may encounter additional fees like the 1% Hawaii real estate excise tax.
• Foreign buyers are permitted to purchase real estate in Oahu, but they must navigate tax implications and compliance with U.S. and Hawaii regulations.
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oahu real estate for sale a buyers guide to finding your dream home in paradise
located in the heart of the pacific ocean oahu is the third largest island in the hawaiian archipelago and home to the states capital honolulu the island is known for its stunning natural beauty diverse culture and rich history making it an attractive destination for tourists and homebuyers alike in this article we will explore the oahu real estate market and provide valuable insights for buyers looking to find their dream home in paradise
overview of the oahu real estate market
the oahu real estate market is highly competitive with a strong demand for properties in desirable locations such as waikiki kahala and kailua the market is driven by a combination of factors including a strong economy a growing population and limited housing supply according to data from the hawaii association of realtors the median sales price of singlefamily homes on oahu is around 830000 while condominiums are selling for around 430000
types of properties for sale on oahu
oahu offers a wide range of properties for sale including singlefamily homes townhouses condominiums and vacant land whether you are looking for a luxury oceanfront property or a cozy starter home there is something for everyone on oahu here are some of the most popular types of properties for sale on the island
singlefamily homes
oahu has a wide range of singlefamily homes available for sale from modern estates to traditional hawaiianstyle homes many of these properties feature large yards and stunning ocean views making them ideal for families and those who want to enjoy the island lifestyle
condominiums
condominiums are a popular choice for buyers who want to live in desirable locations such as waikiki and kahala many of these properties feature luxurious amenities such as swimming pools fitness centers andconcierge services
townhouses
townhouses are a great option for buyers who want to live in a community setting but also want to own their own property many townhouse complexes on oahu feature shared amenities such as swimming pools and clubhouses
vacant land
for buyers who want to build their own dream home oahu offers a range of vacant land for sale from small parcels to large estates many of these properties feature stunning ocean views and are located in desirable locations
neighborhoods to consider
oahu has many different neighborhoods to choose from each with its own unique character and charm here are some of the most popular neighborhoods for buyers
waikiki
known as the heart of hawaii waikiki is a popular destination for tourists and homebuyers alike the neighborhood features a range of properties for sale including luxury condominiums and singlefamily homes
kahala
kahala is an upscale neighborhood located on the southeastern coast of oahu the area features a range of properties for sale including luxury estates and condominiums
kailua
kailua is a charming neighborhood located on the windward coast of oahu the area features a range of properties for sale including singlefamily homes and condominiums
north shore
the north shore is a popular destination for surfers and beach lovers the area features a range of properties for sale including singlefamily homes and condominiums
tips for buying oahu real estate
whether you are a firsttime homebuyer or a seasoned investor buying oahu real estate can be a complex process here are some tips to help you navigate the market
research the market
before starting your home search it is essential to research the oahu real estate market this includes getting an understanding of the current market trends and prices
work with a real estate agent
working with a reputable real estate agent can make the home buying process much easier they can provide valuable insights and help you navigate the market
get preapproved for a mortgage
getting preapproved for a mortgage can give you an edge in the competitive oahu real estate market it also helps you to know how much you can afford to spend on a property
consider the costs
in addition to the purchase price there are many other costs associated with buying oahu real estate including closing costs and property taxes make sure you factor these costs into your budget
consider the longterm prospects
when buying oahu real estate it is essential to consider the longterm prospects of the property this includes getting an understanding of the local economy and the demand for housing in the area
oahu real estate for sale conclusion
oahu is a unique and special place to live with its stunning natural beauty diverse culture and rich history the island offers a wide range of properties for sale from luxury estates to cozy starter homes whether you are a firsttime homebuyer or a seasoned investor buying oahu real estate can be a smart investment and a great way to enjoy the island lifestyle we hope this article has provided valuable insights into the oahu real estate market and helpful tips for buyers looking to find their dream home in paradise
Photos of oahu real estate for sale
Frequently Asked Questions:
Oahu Real Estate for Sale FAQ
Q What are the most popular neighborhoods to buy a home in Oahu
A The most popular neighborhoods to buy a home in Oahu include Honolulu Waikiki Pearl City Aiea and Kapolei These areas offer a range of housing options from luxury condos to single-family homes and are in close proximity to popular amenities such as beaches parks and restaurants
Q What is the average price of a home in Oahu
A The average price of a home in Oahu varies depending on the location size and type of property The median sales price of a single-family home in Oahu is around 800000 to 900000 while the median sales price of a condo is around 400000 to 500000
Q What are the different types of property available in Oahu
A Oahu offers a range of property types including single-family homes condos townhouses and new developments Many of these properties offer stunning ocean views mountain views or both and are located in desirable neighborhoods with easy access to beaches parks and amenities
Q Can foreigners buy a home in Oahu
A Yes foreigners can buy a home in Oahu However there are some restrictions and requirements that apply to non-US citizens including obtaining a foreign buyer tax certificate and paying a higher tax rate on the sale of the property
Q What are the costs associated with buying a home in Oahu
A In addition to the purchase price of the home buyers should also consider other costs such as closing costs appraisal fees inspection fees and property taxes Closing costs typically range from 2 to 5 percent of the purchase price
Q How long does it take to close on a home in Oahu
A The length of time it takes to close on a home in Oahu varies depending on the complexity of the transaction and the speed at which the buyer and seller can provide necessary documentation On average the closing process typically takes around 30 to 60 days
Q Can I find a home in Oahu within my budget
A Yes there are many homes in Oahu that can be found within a range of budgets From starter homes and condos to luxury estates and oceanfront properties Oahu has a wide range of options to suit different needs and budgets
Q What are the benefits of working with a real estate agent in Oahu
A Working with a real estate agent in Oahu can provide many benefits including access to off-market listings expert knowledge of the local market and help with the negotiation and closing process A real estate agent can also help buyers navigate the complexities of the home buying process and ensure a smooth transaction
Related Links & Information:
Hawaii Information Service Oahu Real Estate
Zillow Oahu Real Estate for Sale
Redfin Oahu Real Estate for Sale
