Located on Oahu’s East side near the blue blooded real estate district of Kahala, Hawaii Kai offers buyers condominiums and single-family homes priced at the higher-end of the market. Though not quite as expensive as properties in Kahala, in 2007, the average Hawaii Kai condominium sold for $541,500 with single-family homes selling at $870,000. For those looking for homes suitable for families, Hawaii Kai offers a diverse number to choose from— there are magnificent million dollar properties in Koko Kai and Portlock as well as spacious family homes in Kalama Valley and on the boat marina.

Condominiums in Hawaii Kai are popular with young couples and empty-nest baby boomers looking to live in a peaceful, safe neighborhood. Recent developments such as The Peninsula, The Colony and Moana Kai, have increased the available inventory of condominiums in the area.

Right now, inventory on the market is on the low side compared to previous soft markets in Hawaii Kai, according to Prudential Locations Realtor and Partner Jo Frasier. And, with continuing low interest rates, entry level buyers will continue to look to this neighborhood as a place to make wise real estate purchases. This steady supply of buyers and relatively low supply of houses for sale will likely create a balanced supply-demand situation, says Frasier, which will keep prices steady in 2008.