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
Eleven single-family homes sold at or above $5 million in Q4 which included six in the Diamond Head and Kahala area, two in Portlock, two in Beachside,
recent real estate activity here on Oahu.
and one in Wailupe Beach. The top sale was at $9,000,000 for a home in Kahala. Months’ supply of inventory fell from 26.7 months in Q4 2020 to 15.3 months in the third quarter of 2021.
The Oahu luxury home market report is broken down into four single-family home categories and two condominium price segments. Single-family home sales for Q4 2021 priced from $1 to $2 million increased 50.6% compared to Q4 2020, with 491 homes sold in the quarter versus 326 homes in the same period a year ago. Months’ supply of inventory decreased 42.4% compared to last year, down to 2 months from 3.6 months. For single-family homes in the $2 to $3 million range, sales rose from 42 in Q4 2020 to 79 in Q4 2021, 88.1% higher than the year prior. Months’ supply of inventory decreased 63.6% to 3 months from 8.2 months last year. In the $3 to $5 million range, 44 single-family homes sold in Q4 2021, 131.6% higher than the same quarter last year. Months’ supply of inventory declined by 61.9% to 4.5 months from 11.8 months in Q4 2020.
As for condominiums, there were four sales in Q4 at or above $5 million which included two units at Park Lane and two units at Waiea. The top sale was at $11,500,000 for a unit at Waiea. Sales in the $800 thousand to $1 million range increased 125.9% in Q4 2021 from Q4 2020, with 131 closed sales in Q4 2021 versus 58 closed sales in the third quarter last year. Months’ supply of inventory was down 60.8% to 2.8 months from 7.2 months in Q4 2020. Sales for condos priced at $1 million and higher increased 206.7% in Q4 2021 compared to Q4 2020, from 138 sales during Q4 2020 to 45 during Q4 2021. Months’ supply of inventory decreased 65.5% compared to Q4 2020, to 7 months. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through September 2021.
2021
#
$
JAPAN
24
KOREA
6
CANADA
2020
#
$
$33,593,690
JAPAN
9
$7,810,000
CANADA
3
5
$7,719,000
KOREA
GUAM
2
$5,355,150
SINGAPORE
2
$2,330,000
2019
#
$
$14,331,133
JAPAN
68
$98,359,775
$3,689,000
KOREA
10
$14,187,000
2
$3,030,000
HONG KONG
5
UNITED KINGDOM
1
$1,925,000
CANADA
4
SINGAPORE
1
$1,803,100
TAIWAN
2018
#
$
JAPAN
133
$188,796,404
KOREA
9
$13,176,500
$8,809,000
TAIWAN
8
$10,728,600
$6,106,000
CANADA
8
$10,575,100
2
$2,443,000
CHINA
5
$6,057,400
2019
#
$
2018
#
$
$2 MILLION + 2020
#
$
JAPAN
18
CANADA
3
KOREA HONG KONG TAIWAN
2020
#
$
$76,731,000
JAPAN
13
$48,241,333
JAPAN
33
$116,429,433
JAPAN
57
$220,699,504
$11,975,200
CANADA
4
$11,755,000
KOREA
4
$10,220,900
KOREA
5
$24,808,800
3
$8,650,000
SINGAPORE
2
$11,800,000
SINGAORE
2
$6,802,000
HONG KONG
3
$12,145,800
2
$10,150,000
GUAM
2
$6,925,000
CANADA
1
$3,635,000
SINGAPORE
2
$18,403,800
1
$4,050,000
NEW ZEALAND
2
$5,800,000
MALAYSIA
1
$2,400,000
CANADA
2
$5,848,800
All Data from the HiCentral MLS, Ltd. Report © 2022 ShowingTime.
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