Kailua has quickly become one of Oahu's premier lifestyle neighborhoods; a top pick amongst locals and foreign buyers alike due to it's stunning scenery, laid back lifestyle, food culture, and quintessential island living. Thanks to the pandemic, prices for homes in Kailua have soared to new heights but with an emerging receission we're starting to see some headwinds. As of this writing on August 29, 2022 the median Kailua home price was $1.6M; one of the highest median home price values in all of Oahu and one that severely limits many propsective buyers' access to the neighborhood.
When it comes to purchasing Oahu real estate I typically advise my clients to weight lifestyle over the bricks and sticks of the home because much of what makes Living in Hawaii so unique is that not only is each island different, each side of each island is completely different as well. So while single family homes for sale in Kailua might be out of reach, that doesn't mean the lifestyle is and the lifestyle is truly where majority of the value lays.
8/29/22: The Median price for a condo in Kailua is currently $721,500 which almost a third of single family homes prices; quite the delta. While the Kailua condo market is limited, the options are interesting. About 90% of condos in Kailua are in the 2 square blocks right in the middle of Kailua Town which is mere walking distance to Whole Foods, Target, and the lion's share of every restaurant, gym, and shop in Kailua. Check out the Kailua Market Trends for our insights and a real time look at the latest Stats, Trending, Active and Sold Condo Sales Activity over the last 6 months.
Kailua Condo FAQ's:
How big are condos in Kailua?
Plan for 1-3 bedroom layouts, no studio units. Most 1-2 bedrooms will land in the 600-800sq range with 3+ bedrooms in the 900-1500sq range. Read More...
Are there rules for pets?
Yes typically there are size and quanitity requirements. You likely won't be allowed any more than 2 pets but your agent can verify with the association for you.
Do Kailua condos have balconies?
Most condos will have lanais (balconies) especially the low rise townhome concepts. Some of the Windward Cove condos actually come with a very large rooftop deck.
How far are condos from Kailua Beach?
Most condos are approximately .75mi from Kailua Beach and a little longer to Lanikai Beach. Definitely walking distance if you're traveling light but not the most ideal if you're packing coolers, beach chairs, etc. All are very accessible by a short bike ride though. There are no Kailua beach condos, however Kukilakila will have lakefront options.
Do any have ocean views?
Yes, there are few Kailua condos with ocean views. Naturally these will cost more than those without ocean views.
Does Kailua have new construction condos for sale?
Unfortunately not. It is very tough to develop new homes in Kailua due to the lack of residentially zoned land as well as community push back. This part of what keeps Kailua prices elevated. Show Less...