Oahu Luxury Real Estate Market Report For August 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Seller’s Market with a 26% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in July 2022.
  • The most active price band is $1,900,000-$2,099,999, where the sales ratio is 100%.
  • The median luxury sales price for single-family homes is $2,287,000.
  • The median days on market for July 2022 was 12 days, down from 17 in July 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 27% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in July 2022.
  • The most active price band is $2,200,000-$2,599,999, where the sales ratio is 75%.
  • The median luxury sales price for attached homes is $924,500.
  • The median days on market for July 2022 was 15 days, remaining the same from July 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For August 2022

In July 38.8% of luxury single-family homes sold above list price and 63.3% sold at or above list price.

Oahu Luxury Real Estate Market Report For August 2022

More than 50% of sales were above list price only in the price bands of $1,800,000-$2,099,999.

Highest number of sales is in the $1,900,000-$2,099,999 price bands.

Highest sale was $14M.

Oahu Luxury Real Estate Market Report For August 2022
Sales Ratio defines market speed and market type: Buyer’s < 14.5%; Balanced >= 14.5 to < 20.5%; Seller’s >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

ILHM Sales Ratio was decreased to 25.7% in July from 30.9% in June.

Attached Home

Oahu Luxury Real Estate Market Report For August 2022

In July 27.5% of luxury attached homes sold above list price and 50.4% sold at or above list price.

Oahu Luxury Real Estate Market Report For August 2022

More than 50% of sales were above list price in the price bands $750,000-$999,999.

Highest number of sales is in the $800,000-$899,999 price band.

Highest sale was $4.33M.

Oahu Luxury Real Estate Market Report For August 2022
Sales Ratio defines market speed and market type: Buyer’s < 14.5%; Balanced >= 14.5 to < 20.5%; Seller’s >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

ILHM Sales Ratio was decreased to 26.7% in July from 40.8% in June.

CURRENT LUXURY LISTINGS

 

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