Kailua Real Estate Sales Activity for November 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 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

*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/