Kailua Market Update – Impressive Numbers Show a Hot Market (April 2013)

The numbers are out – and they’re impressive! The Honolulu Board of Realtors has published their Local Market Update for April. 

In Kailua, things are HOT! Compared to April 2012:

• Closings are UP
• Median home price is UP a huge 15%
• Days on the market are DOWN
• Inventory is DOWN

…and those trends have continued or intensified throughout the calendar year so far, with median home price UP 9% overall.

For those of you who think you might have some bargaining power in Kailua, think again! Homes are selling for over 100% of their asking price. That means multiple offers and escalation clauses are common. How many markets in the U.S. can you think of with median sale prices over $800K? But here is our sleepy little beach town, Kailua, coming in at $865K in April.

What Does This Mean for Buyers and Sellers in Kailua?

For buyers, come prepared. When you see “the one,” be ready to make a clean and quick offer. If you want to run with the big dogs…get a great Realtor, right?

And for sellers? The money is out there! Going to market with a savvy agent who helps you price the property well, prepare it for listing, and whose company has widest marketing reach, means you can command the highest price, on your terms.

Hawaii Life search engine traffic blows competition away