Oahu Luxury Real Estate Market Report For May 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Seller’s Market with a 42% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in April 2022.
  • The most active price band is $3,500,000-$4,099,999, where the sales ratio is 175%.
  • The median luxury sales price for single-family homes is $2,500,000.
  • The median days on market for April 2022 was 14 days, down from 20 in April 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 46% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in April 2022.
  • The most active price band is $750,000-$799,999, where the sales ratio is 118%.
  • The median luxury sales price for attached homes is $900,000.
  • The median days on market for April 2022 was 12 days, down from 23 in April 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For May 2022

In April 43% of luxury single-family homes sold above list price and 62% sold at or above list price.

Oahu Luxury Real Estate Market Report For May 2022

More than 50% of sales were above list price in the price bands $1,750,000-$2,299,999, $3,500,000-$4,099,999, 4,700,000-$5,499,999, $7,500,000-$8,499,999, and $9,500,000+.

Highest number of sales is in the $2,700,000-$3,099,999 price band.

Highest sale was $12.8M.

Oahu Luxury Real Estate Market Report For May 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 42.4% in April from 47.1% in March.

Attached Home

Oahu Luxury Real Estate Market Report For May 2022

In April 42% of luxury attached homes sold above list price and 62% sold at or above list price.

Oahu Luxury Real Estate Market Report For May 2022

More than 50% of sales were above list price in the price bands $750,000-$999,999, $1,200,000-$1,799,999 and $2,600,000-$3,199,999.

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

Highest sale was $12.15.

Oahu Luxury Real Estate Market Report For May 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 increased to 46.2% in April from 45.8% in March.

CURRENT LUXURY LISTINGS

 

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