Oahu Luxury Real Estate Market Report For July 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Seller’s Market with a 31% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in June 2022.
  • The most active price band is $1,900,000-$2,099,999, where the sales ratio is 150%.
  • The median luxury sales price for single-family homes is $2,375,000.
  • The median days on market for June 2022 was 12 days, down from 13 in June 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 41% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in June 2022.
  • The most active price band is $750,000-$799,999, where the sales ratio is 74%.
  • The median luxury sales price for attached homes is $925,000.
  • The median days on market for June 2022 was 12 days, remaining the same from June 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For July 2022

In June 48% of luxury single-family homes sold above list price and 71% sold at or above list price.

Oahu Luxury Real Estate Market Report For July 2022

More than 50% of sales were above list price in the most of price bands.

Highest number of sales is in the $1,900,000-$2,099,999 and $2,300,000-$2,699,999 price bands.

Highest sale was $23.89M.

Oahu Luxury Real Estate Market Report For July 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 30.9% in June from 39.3% in May.

Attached Home

Oahu Luxury Real Estate Market Report For July 2022

In June 36% of luxury attached homes sold above list price and 55% sold at or above list price.

Oahu Luxury Real Estate Market Report For July 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 $6.95.

Oahu Luxury Real Estate Market Report For July 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 40.8% in June from 46.9% in May.

CURRENT LUXURY LISTINGS

 

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