Oahu overall has seen no increase or decrease in the median price for single family homes between 1st quarter 2008 and first quarter 2007, remianing constant at $620,000. However the number of units sold has declined by more than 22%.
Oahu median condominium prices overall rose by just over 3%, going from $320,000 in Q1-2007 to $330 in Q1-2008. Number of condos sold also declined, however, by almost 24%.
Kailua went from a median price of $800,000 in 1st quarter 2007 to a median price of $799,500, making this area relatively stable, as well. Condo prices in Kailua went from a median price of $415,000 in Q1-2007 to $394,300 in Q1-2008, a decrease of approximately 5%.
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