Kapolei, part of Honolulu County, on the island of Oahu, Hawaii is an unincorporated community. This means that it is not a municipal corporation and hence even though it is only second to Honolulu in size, it cannot be termed a city. It is growing to be the second urban centre in Oahu, after Honolulu. Oahu is the most densely populated island of Hawaii. Much of the land comes under industrialist James Campbell’s estate. James Campbell Company’s subsidiary, Kapolei Property Development is the major developer in Kapolei.

Before industrialisation, the land was primarily sugarcane and pineapple fields. Kapolei’s new residential communities offer state-of-the-art design and services, and offer something for everyone. They range from townhouses and condominiums to single-family homes. Kapolei is also a popular tourist location. This makes it one of the most favourable places for the real estate market to flourish.

Market trends

Over the past decade, although the median sale price has increased, it has decreased over the past year. For June 2011 to August 2011, the median sales price for homes was $405,000. In comparison to the previous quarter, this is a decline of 10% which amounts to $45,000. Compared to the previous year, this is a decline of 21.4%.

Over the past five years, Kapolei has experienced a decline in median sales prices of 26.4%. In comparison to the previous year, the number of sales has also gone down. However, in comparison to the previous month, there has been an increase in the number of sales. As of September 14, 2011, the average listing price was $527,463. This is a decrease of 0.7% which amounts to $3,583 compared to the previous week. In comparison to August 24, 2011, this is a decrease of 3.1% which amounts to $16,952. The number of listings has also gone down compared to August 24, 2011. The average price per square foot was $300. This amounts to a decrease of 31.2% compared to the previous year.

Mortgage rates

As Kapolei is a fairly large locality with flourishing business, there are a number of mortgage brokers and banks offering loans. Depending on the type of loan, number of years and the principal amount, the interest rates vary. As of September 19, 2011, for 15 year fixed type loan, the annual percentage rate was 3.553%. For 30 year fixed type loan, the APR was 4.245%. The APR was 4.430% for 40 year fixed type loan. With these affordable mortgage rates and decreasing median price, it is expected that the number of sales will increase over the next few months.

Realtors and brokers

Kapolei Property Development is the primary realtor in Kapolei, offering homes for short-term rent and on lease. There are a number of other registered realtors who offer complete services for buying a house and in some cases, also help obtain a mortgage. American Dream Realty offers services in residential Kapolei real estate sales. Kapolei Realty and RE/MAX Honolulu are other realtors that promise quality service and savings. However, it is expected that of the buyer to undertake a complete background check on the realtor. Also, a small amount of negotiation can go a long way in saving money.


Being second only to Honolulu in size and development, this primarily urban area has a community which leads a fast-paced, urban lifestyle. The crime rates, however, are not exponentially large. 4.23% of the population is affected by property crime and only 0.28% of the population is affected by violent crime. Kapolei reportedly has the second largest median income on the island of Oahu. It also has an excellent education system.