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Oahu Luxury Real Estate Market Report For November 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Buyer’s Market with a 12% Sales Ratio.
  • Homes sold for a median of 100.00% of list price in October 2022.
  • The most active price band is $4,100,000-$4,699,999, where the sales ratio is 50%.
  • The median luxury sales price for single-family homes is $2,362,500.
  • The median days on market for October 2022 was 21 days, up from 14 in October 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 28% Sales Ratio.
  • Homes sold for a median of 98.72% of list price in October 2022.
  • The most active price band is $4,400,000-$5,199,999, where the sales ratio is 50%.
  • The median luxury sales price for attached homes is $990,000.
  • The median days on market for October 2022 was 34 days, up from 12 in October 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For November 2022

In October 37.5% of luxury single-family homes sold above list price and 54.2% sold at or above list price, which was up from 35.1% in September.

Oahu Luxury Real Estate Market Report For November 2022

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

Highest sale was $6.5M.

Oahu Luxury Real Estate Market Report For November 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 11.6% in October from 19% in September.

It’s Buyer’s market after long time Seller’s market/Balanced market.

Attached Home

Oahu Luxury Real Estate Market Report For November 2022

In October 12.6% of luxury attached homes sold above list price and 31.9% sold at or above list price.

Oahu Luxury Real Estate Market Report For November 2022

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

Highest sale was $10.98M.

Oahu Luxury Real Estate Market Report For November 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 28.3% in October from 26% in September.

CURRENT LUXURY LISTINGS

 

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