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Oahu Luxury Real Estate Market Report For October 2022

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SINGLE-FAMILY HOMES

  • The Oahu single-family luxury market is a Balanced Market with a 19% Sales Ratio.
  • Homes sold for a median of 98.00% of list price in September 2022.
  • The most active price band is $1,750,000-$1,799,999, where the sales ratio is 67%.
  • The median luxury sales price for single-family homes is $2,300,000.
  • The median days on market for September 2022 was 21 days, up from 14 in September 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 27% Sales Ratio.
  • Homes sold for a median of 99.62% of list price in September 2022.
  • The most active price band is $750,000-$799,999, where the sales ratio is 51%.
  • The median luxury sales price for attached homes is $900,000.
  • The median days on market for September 2022 was 23 days, up from 16 in September 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For October 2022

In September 27%% of luxury single-family homes sold above list price and 35.1% sold at or above list price, which was down from 47.3% in August.

Oahu Luxury Real Estate Market Report For October 2022

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

Highest sale was $9.2M.

Oahu Luxury Real Estate Market Report For October 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 19% in September from 28.1% in August.

It’s BALANCED market after long time Seller’s market.

Attached Home

Oahu Luxury Real Estate Market Report For October 2022

In September 18.7% of luxury attached homes sold above list price and 41.1% sold at or above list price.

Oahu Luxury Real Estate Market Report For September 2022

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

Highest sale was $7.5M.

Oahu Luxury Real Estate Market Report For October 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 26% in September from 22.2% in August.

CURRENT LUXURY LISTINGS

 

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