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 | ||||||||
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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% | |
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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% | |
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Year to Date Through October 31, 2007 | ||||||||
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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% | |
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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/
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Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR
Century 21 Liberty Homes
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.
Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) and the Leeward Regional Chairman of the Honolulu Board of Realtors. To improve overall professionalism in his area Randy also offers classes for real estate agents.
www.HawaiiRandy.com * Oahu (Honolulu County) Property Search * Hawaii Military Relocations
