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Oahu Luxury Real Estate Market Report For December 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Balanced Market with a 16% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in November 2022.
  • The most active price band is $1,800,000-$1,899,999, where the sales ratio is 41%.
  • The median luxury sales price for single-family homes is $2,343,750.
  • The median days on market for November 2022 was 17 days, up from 15 in November 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Buyer’s Market with a 13% Sales Ratio.
  • Homes sold for a median of 98.54% of list price in November 2022.
  • The most active price band is $5,200,000-$5,999,999, where the sales ratio is 33%.
  • The median luxury sales price for attached homes is $937,500.
  • The median days on market for November 2022 was 30 days, up from 12 in November 2021

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For December 2022

In November 41.7% of luxury single-family homes sold above list price and 50% sold at or above list price, which was down from 54.2% in October.

Oahu Luxury Real Estate Market Report For December 2022

Highest number of sales is in the $1,800,000-$1,899,999 and $2,300,000-$2,699,999 price bands.

Highest sale was $6.65M.

Oahu Luxury Real Estate Market Report For December 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 16.1% in November from 11.6% in October.

It’s Balanced market, changed from Buyer’s market.

Attached Home

Oahu Luxury Real Estate Market Report For December 2022

In November 14.8% of luxury attached homes sold above list price and 31.9% sold at or above list price.

Oahu Luxury Real Estate Market Report For December 2022

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

Highest sale was $7.1M.

Oahu Luxury Real Estate Market Report For December 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 down to 13.1% in November from 28.3% in October and it is changed to Buyer’s market.

CURRENT LUXURY LISTINGS

 

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