I would say that Ko Olina is the least stable since it is heavily dependent on tourism. It has the most fluctuation in prices.
Mililani Mauka is a little further from H-1, but most people I have talked to there really like it. It is more of an established area and a master planned community. Ocean Pointe is still having growing pains. The commute has gotten better, but there is still a lot of traffic. Why not check all three? They are relatively close together and could be surveyed pretty well in one weekend,
I have sold homes in all three areas. Have you visited each of them? You can some great buys in the price range you mentioned. Give a ring at 808 723 0900 if you would like to talk about it more.
My name is Mike Gallagher and I the Broker in Charge at Abe Lee Realty.
I would visit my website at www.hawaiirealestatestatistics.com for the latest sales information for Oahu.
There you will find the latest statistics for the Kapolei Area.
As for Koolina, the only way I would suggest investing there is if you are going to move into it as owner / occupant and hold it for the long term.
Rents are declining and there are many Distressed Properties currently in this area.
For more specific questions please contact me via phone at 808-384-9015 or email@example.com
I wish you much Aloha,
Mike Gallagher, Broker in Charge, Abe Lee Realty
Ethics Complaints Review Committee Member, Honolulu Board of Realtors... more
Kapolei and Makakilo are unique areas. Although we have experienced a decline in pricing, for the most part the market condition is pretty strong with high numbers of closed sales within the last quarter. For a detailed report contact me and I will be happy to share it with you. I know of some really hot buys in these areas right now and would love to show them to you. Timing and having the right Realtor is everything in Real Estate.... more