Oahu Luxury Real Estate Market Report For September 2022

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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 99.86% of list price in August 2022.
  • The most active price band is $2,100,000-$2,299,999, where the sales ratio is 77%.
  • The median luxury sales price for single-family homes is $2,200,000.
  • The median days on market for August 2022 was 17 days, up from 14 in August 2021.

ATTACHED HOMES (CONDOMINIUMS & TOWNHOMES)

  • The Oahu attached luxury market is a Seller’s Market with a 22% Sales Ratio.
  • Homes sold for a median of 99.25% of list price in August 2022.
  • The most active price band is $750,000-$799,999, where the sales ratio is 44%.
  • The median luxury sales price for attached homes is $905,000.
  • The median days on market for August 2022 was 18 days, up from 11 in August 2021.

OUTSTANDING FACTS

Single Family Home

Oahu Luxury Real Estate Market Report For September 2022

In August 36.4% of luxury single-family homes sold above list price and 47.3% sold at or above list price, which was down from 63.3% in July.

Oahu Luxury Real Estate Market Report For September 2022

Highest number of sales is in the $2,100,000-$2,299,999 price bands.

Highest sale was $9.28M.

Oahu Luxury Real Estate Market Report For September 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 28.1% in August from 25.7% in July.

Attached Home

Oahu Luxury Real Estate Market Report For September 2022

In August 31.8% of luxury attached homes sold above list price and 45.9% 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 $3.58M.

Oahu Luxury Real Estate Market Report For September 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 22.2% in August from 26.7% in July.

CURRENT LUXURY LISTINGS

 

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