A new breakdown of sales-by-neighborhood shows some clusters of hope for anyone looking for a home.

The first point to make is that in July more than half of the 255 homes sold were in just four areas.

Prices are down 10% from last year in Kailua, less in more affordable Kaneohe.

Ewa prices are down 11%, most selling for under half a million.

Mililani and Hawaii Kai held more value, many homes closing above 800.

West Honolulu fell the most, 16%, most sales under 700.

Of 366 condo sales, more than 150 were in these four areas with lower prices in Aiea but higher prices in Waikiki, Kakaako and Downtown. But there is a lot of condo inventory in all price ranges.

Here's an interesting phenomenon at the high end. Over three months 32 homes have sold in Kahala and Waialae Iki, most for more than a million dollars, a year-to-year median price jump of 21%.

Someone still thinks quality Hawaii real estate is a good investment.

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