Who is Buying Real Estate in Kailua?
In 2016, Oahu Real Estate was very healthy and stable. But what about
Kailua? The numbers are in, and Lila Marino-Camacho (RA) says, “If you
own property in Kailua, you’re blessed to call this special place home!
The combination of beauty, sun, sand, great shops and cafés is why we
live here and certainly why people visiting want to experience our little
slice of paradise.”
As of December 2016, the median sales price for a Single Family Home in Kailua was
$1,070,000, and was $550,000 for a Condo. The graph below, compliments of Title
Guaranty, is a breakdown of volume and units sold by neighborhood last year. Because
Kailua has become a tourist destination in recent years, some assume that foreign buyers
are driving home prices up.
After researching the data though, Lila says, “The statistics show the vast majority
of purchases made in Kailua were from our very own Hawaii residents!” A total of 531
transactions were made last year. The breakdown of buyers is as follows: 453 purchases
were from Hawaii residents, 70 from the mainland, 7 from Japan, and 1 from Australia.
Realtor Associate, RS-63620
Luxury Collection Specialist
(808) 341-6034 • 46 Ho’olai Street, Kailua
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