Hawaii Randy's Real Estate Opinions: Kailua Real Estate Sales Activity for October 2007

Kailua Real Estate Sales Activity for October 2007

The Kailua communities (zip code of 96734 and some connecting neighborhoods) have seen changes in the real estate market.

The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.

Single Family homes sales:  The month of October saw a drop in the number of closing and for average sales price.  Year to date both numbers have shown increases over the 2006 figures.  Inventory levels are at about 4 months worth.

Condo and townhouse sales:  Have shown increases in average sales price over 2006 levels.  Number of units sold is down year to date from last year, but did show a rebound in October.  There is currently less than 4 months worth of inventory.

Currently Active for Sale (as of 11/29/07): 

  • 138 Single Family Homes
  •   58 Condos/ Townhouses

Currently in Escrow (as of 11/29/07): 

  •   40 Single Family Homes
  •   18 Condos/ Townhouses

For the Month of October 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kailua Area

12

26

-53.85%

 

$954,875

$1,130,346

-15.52%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kailua Area

22

21

+4.76%

 

$445,850

$406,316

+9.73%

 

 

 

 

 

 

 

 

Year to Date Through October 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kailua Area

271

236

+14.83%

 

$1,082,273

$1,050,122

+3.06%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kailua Area

208

236

-11.19%

 

$406,767

$374,921

+8.49%

  

*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.

 

You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/

Or at: http://www.localism.com/

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 0 commentsRandy Prothero • November 29 2007 08:18PM

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