Aloha
and welcome to The Oahu Quarterly Luxury Market Report from List Sotheby’s International Realty, where we take a closer look at the most recent real estate activity here on Oahu.
The thirteen single-family home sales priced from $3 to $5 million was a decrease of 7.1% compared to last year’s fourteen homes sold. Months’ supply of inventory had a year-over-year increase of 16.6% to 18.8 months.
Our report breaks the Oahu luxury home market into four singlefamily home and two condominium price segments.
Five single family homes sold at or above $5 million in Q4 including three East Oahu homes, one Windward Oahu home and one home in Mililani. The top sale was at $17,900,000 for a home in Beachside.
Single-family home sales for Q4 2019 priced from $1 to $2 million increased 6.8% compared to Q4 2018, with 219 homes sold in the quarter. Months’ supply of inventory decreased 3.9% compared to last year at this time to 5.6 months. For single-family homes in the $2 to $3 million range, sales were up 4 sales to a total of 26 sales for the quarter, an increase of 18.2% from the year prior. Months’ supply of inventory increased 1.2% to 12.8 months for the quarter.
As for condominiums, two units closed in Q4 at or above $5 million. The top sale was at $6,550,000 for a unit at Park Lane. Sales in the $800 thousand to $1 million range for Q4 2019 were even with the activity seen in Q4 2018 at 49 sales for the quarter. Months’ supply of inventory was up 18.8% to 8.1 months.
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FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through December 2019.
2019
#
$
JAPAN
68
$98,359,775
KOREA
10
$14,187,000
HONG KONG
5
CANADA
4
TAIWAN
2
2018
#
$
JAPAN
133
KOREA
9
$8,809,000
TAIWAN
$6,106,000
CANADA
$2,443,000
2017
#
$
2016
#
$
$188,796,404
JAPAN
82
$111,518,829
JAPAN
$13,176,500
CHINA
10
$14,214,165
CANADA
135
$203,375,491
8
$10,419,000
8
$10,728,600
KOREA
3
$4,430,000
8
$10,575,100
TAIWAN
3
$3,466,758
CHINA
6
$8,275,100
KOREA
3
$6,118,900
CHINA
5
$6,057,400
CANADA
2
$2,875,000
HONG KONG
4
$5,241,800
2018
#
$
2017
#
$
2016
#
$
JAPAN
57
$220,699,504
JAPAN
63
$268,891,006
JAPAN
78
$333,303,959
$2 MILLION + 2019
#
$
JAPAN
33
$116,429,433
KOREA
4
$10,220,900
SINGAPORE
2
$6,802,000
KOREA
5
$24,808,800
HONG KONG
11
$66,957,353
HONG KONG
6
$22,209,744
CANADA
1
$3,635,000
HONG KONG
3
$12,145,800
SINGAPORE
7
$33,980,786
CHINA
5
$20,949,835
MALAYSIA
1
$2,400,000
SINGAPORE
2
$18,403,800
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
MARIANA ISLANDS
1
$2,500,000
CANADA
2
$5,848,800
KOREA
5
$15,740,000
AUSTRALIA
2
$11,627,100
All Data from the HiCentral MLS, Ltd. Report © 2020 ShowingTime.
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