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.
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