The single family home neighborhood of Kapahulu-Diamond Head is very chop suey in that there is a wide variety of different types of dwellings. For research purposes, this neighborhood is geographically defined by the Honolulu Board of REALTORS® as Tax Map Key , Zone 3, Sections 1 through 4.

There's been quite a bit of activity in this neighborhood and the median price has been stable. During 2007, a total of 206 homes were sold in this area which was down 10.4% from the 230 sales in the prior year. For the first 2 months of 2008, there were 25 sales compared to 33 in the same time period of the year earlier, a decrease of 24.2%.

The median price paid for a house was $852,000 during the January-February period this year, compared to $775,000 in the same 2 months of 2007, an increase of 9.9%. For the entire last year, the median price was $816,800 which was a 5.4% increase from the 2006 full-year price of $775,000. The highest price paid for a home in 2007 was $7,550,000, while the lowest price of last year was $300,000. The minimum amount paid in 2006 didn't change much, it was $299,000, but the maximum was significantly higher at $10,800,000.

The speed of sales increased in 2007 by 2 days, going from 34 days in 2006 to 36 days last year. In the first 2 month of this year, the speed has risen to 40 days.

For further information about recent activity in your specific neighborhood, check out the information available on the Honolulu Board of REALTORS® website www.HiCentral.com or contact a REALTOR® in your area.