Priced out of Paradise: What do median-priced homes on Oahu look - Hawaii News Now - KGMB and KHNL

Priced out of Paradise: What do median-priced homes on Oahu look like?

HONOLULU (HawaiiNewsNow) -

The median price for a single-family home on Oahu is about $700,000. How much home can you actually get for that price?

With the help of Locations realtor partner Bernie Tong, Hawaii News Now went to several different Oahu neighborhoods to show you what houses in that price range look like.

PALOLO

A three-bedroom one-bathroom home off 10th Avenue in Palolo is perfect for a convenient downtown commute.

"Instead of spending an hour and a half coming in from Ewa and going home another hour and a half -- here 15-20 minutes and you're home," Tong said.

What you trade for proximity, you pay for in property size. Even though it's been updated, the 1962 house is just 832 square feet -- but you'll pay $625,000 for it.

"The buyer for this is going to look at this and consider it in comparison to a condo where you have $550 and $600 maintenance fees and here in a little house like this you would have no maintenance fees," explained Tong.

AIEA

For $65,000 more, you get a lot more house in Newtown.

A three-bedroom, two-and-a-half-bath is listed for $689,900. The home has a covered patio that has recently been renovated with new counters and laminate floors.

"Most buyers looking at something like this would have bought maybe a condo years ago and now it's time to upgrade," said Tong.

KAILUA

If you're looking for more green space, there's a three-bedroom one and a half bath on the Windward side that actually has a front and back yard. It's on the market for $739,000, but it needs a lot of work.

The Kailua home was built in 1958 and still has much of the original decor and appliances, but real estate experts say buyers who are willing to put in the time and money to upgrade it would see a strong return on their investment.

"If this house were fixed up, it would be $850,000 plus," Tong said. "Everybody wants to be in Kailua. We've seen in the last couple years that Kailua has a lot of appreciation."

EWA BEACH

For the exact same price, you can get a turnkey three-bedroom two-bathroom in Ewa, instead. Along with access to the community fitness center and pool, the house runs on solar and comes with a two-car garage.

"It is going to be a little longer of a commute, but you do get more house, more amenities, and a very nice neighborhood. This house was only built in 2012," Tong said.

Bottom line, realtors say it's all about location -- and figuring out what your priorities are.

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