Kailua Real Estate Market Update
Kailua Market Stats | July 2022
Single family homes for sale in Kailua saw a 21% decrease in homes sold and a 22% increase in active inventory which shows there's a bit of a headwind at play. Median Days on Market is still holding at 10 days year over year showing that demand is still there which is also reflected by the Percent of Original List Price Received averaging 102.3%. This mean that Kailua homes, on average, are selling at 2.3% over their asking price which is indicative of multiple offer scenarios. We may should see this soften up if inventory continues to tick up.
Single Family Homes in Kailua
Condos in Kailua
Kailua condos caught a stride in 2022 as buyers were priced out of the single family home market. Condos sold mimicked the same 20% downturn as single family homes but active condo inventory and days on market trended down, showing an uptick in demand over the same time last year. Again, this is indicative of single family home buyers being pushed into the condo market.
Kailua Market Report
For a real time look at all Active and Sold Kailua Homes & Condos over the last 6 months, check out the latest Kailua Market Report. There were a handful of sales over $3M
Buying a home in Kailua
If buying a home or investing in Kailua is on your radar, please don't hesitate to give me a call, email, or kindly submit an interest form below. I am a resident and active investor in the neighborhood and I'd love to help brainstorm any questions or ideas you may have about your future real estate plans. I'll give you the lay of the land and help curate the Kailua neighborhoods or condo buildings that best fit the lifestyle that appeals to you.