Sales of single family homes in the Kailua neighborhood have been very stable. For research purposes, the Honolulu Board of REALTORS® defines this geographic area as Tax Map Key , Zone 4, Sections 1 through 3 and part of Section 4, and includes Waimanalo.

In 2007, there were sales of 314 dwellings in this area, only 3 units less than in the prior year. Prices were also quite solid, with a median price of $804,500 last year, compared to $799,500 in 2006, a slight increase of just 0.6%. The highest price paid for a Kailua property in 2007 was $11,000,000.

Sales occurred with a median market time of 42 days last year, the exact same time required to sell a single family home in 2006. Compared to all of O'ahu, the speed of sales in Kailua was 5 days faster.

The inventory of properties for sale is also a strong indicator of stability for Kailua. In December, there were 142 homes on the market with a median asking price of $999,500. At the same time in 2006, there were 143 homes available with a median list price of $999,000. How's that for consistency?

For further information about Kailua residences or how your specific neighborhood performed, check out the Honolulu Board of REALTORS® website www.HiCentral.com or contact a REALTOR® in your area.