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 November saw strong average sales prices. Year to date, both average sales price and sale volumes have shown modest increases over the 2006 figures. Inventory levels also came down a little in November.
Condo and townhouse sales: In November both sales volume and average sales price volume continues to be a bit off from 2006, while average sales prices are still holding strong in the Kailua area. Inventory levels are somewhat low, which may keep the prices strong.
Currently Active for Sale (as of 12/22/07):
- 143 Single Family Homes
- 27 Condos/ Townhouses
Currently in Escrow (as of 12/22/07):
- 15 Single Family Homes
- 9 Condos/ Townhouses
For the Month of November 2007 |
| | | | | | | |
Single Family Homes |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Kailua Area | 21 | 24 | -12.50% | | $1,091,595 | $1,012,062 | +7.86% |
| | | | | | | |
Condominiums |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Kailua Area | 6 | 13 | -53.85% | | $409,583 | $458,365 | -10.64% |
| | | | | | | |
Year to Date Through November 30, 2007 |
| | | | | | | |
Single Family Homes |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Kailua Area | 292 | 287 | +1.74% | | $1,083,042 | $1,046,940 | +3.45% |
| | | | | | | |
Condominiums |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Kailua Area | 104 | 124 | -16.13% | | $464,985 | $446,590 | +4.12% |
*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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Yep. I believe the REAL story is in the decline in the number of sales. It's more dramatic in my area.
I would have posted the number from 2005, but it's too depressing.