Oahu Luxury Real Estate Market Report For February 2022

Download the full report

SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Seller’s Market with a 28% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in January 2022.
  • The most active price band is $1,900,000-$2,099,999, where the sales ratio is 140%.
  • The median luxury sales price for single-family homes is $2,374,000.
  • The median days on market for January 2022 was 16 days, down from 36 in January 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 39% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in January 2022.
  • The most active price band is $5,200,000-$5,999,999, where the sales ratio is 100%.
  • The median luxury sales price for attached homes is $968,750.
  • The median days on market for January 2022 was 26 days, up from 22 in January 2021.

OUTSTANDING FACTS

Single Family Home

In January 45% of luxury single-family homes sold above list price and 55% sold at or above list price.

More than 50% of sales were above list price in the price bands between $1,800,000 and $4,099,999.

Above $4,100,000 sales were all below list price.

Highest number of sales is in the $2,300,000-$2,699,999 price band.

Highest sale was $10.895M.

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 28% in January.

Attached Home

In January 36% of luxury attached homes sold above list price and 48% sold at or above list price.

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

Highest number of sales is in the $750,000-$799,999 price band.

Highest sale was $6.95M.

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 38.7% in January.

CURRENT LUXURY LISTINGS

 

Comments

Copied title and URL