KAUAI
|
OAHU
|
MAUI
|
HAWAII ISLAND
Luxury Market Report Hawaii, May 2022
About Corcoran Pacific Properties Corcoran Pacific Properties, the exclusive Hawaii franchisee of The Corcoran Group, is a locally owned and operated company, founded in 2005 with a simple philosophy: treating every client as a friend, and every transaction as if it was our own. Over the past 15+ years, honoring this philosophy, we established a culture of service and efficiency fueled by high-tech, smart investments in agents, and the tools they need to deliver world-class service while helping clients achieve their real estate goals. By choosing only the most successful, experienced real estate professionals and dedicating every resource to support their success, we’ve grown to be the brokerage of choice serving Kauai, Oahu, Maui and Hawaii Island. With our clients at the heart of our business, Corcoran Pacific Properties is dedicated to excellence, innovation and to continuously raising the bar when it comes to impeccable service, expert insight and a relationship-first approach.
©2020 Corcoran Pacific Properties. All rights reserved. Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Pacific Properties fully supports the principles ofthe Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.
At Corcoran Pacific Properties, we dream big. We know that luxury is not a price point, but an experience. Through our commitment to providing first-class support for our 250+ award-winning real estate professionals, we deliver a distinctive and authentic experience to our agents, employees and clients, helping people find the lifestyle they seek. Anton Steenman President & CEO
OAHU OFFICES Kahala Office
4211 Waialae Ave. Suite 106 Honolulu, HI 96816 (800) 315-3898
Kailua Office
419-B Kuulei Rd. Kailua, HI 96816 (800) 315-3898
MAUI OFFICES Wailea Office
34 Wailea Gateway Pl. Suite A-204 Kihei, HI 96753 (800) 315-3898
Mililani Office 95-1249 Meheula Parkway, Suite No. A-5 Mililani, HI 96789 (808) 589-2040
North Shore Office 66-590 Kamehameha Hwy, Unit 1 Haleiwa, HI 96712 (808) 589-2040
KAUAI OFFICES Lahaina Office
75 Kupuohi St. Suite 203 Lahaina, HI 96761 (800) 315-3898
Koloa Office
Princeville Office
Mauna Lani Portfolio
Waimea Office
3417 Poipu Rd. Suite 110B Koloa, HI 96756 (800) 315-3898
5-4280 Kuhio Hwy. Suite B-103 Princeville, HI 96722 (800) 315-3898
HAWAII ISLAND OFFICES Hilo Office
64 Keawe St. Suite 203 Hilo, HI 96720 (800) 315-3898
Kona Office
Walua Professional Bldg. 75-5905 Walua Rd. Suite 9 Kailua-Kona, HI 96740 (800) 315-3898
Mauna Lani Auberge Resort 68-1400 Mauna Lani Dr, Suite 108 Waimea, HI 96743 (800) 315-3898
65-1291 Kawaihae Rd. Suite 101 C Kamuela, HI 96743 (800) 315-3898
Table of Contents Page 5
Luxury Report Explained
Page 6
Welcome Message
Page 7-10
North American Luxury Market Review
Page 11
13-Month Market Trends
Page 12
Single-Family Homes Monthly Overview
Page 13
Attached Homes Monthly Overview
Page 23
Hawaii Luxury Market Review
Page 24
Kauai Market review
Page 29
Oahu Market Review
Page 34
Maui Market Review
Page 39
Island of Hawaii Market Review
Page 44
Thank You
Luxury Report Explained The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and priceper-square-foot – to provide you a comprehensive North American Luxury Market report. Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. It is our intention to include additional luxury markets on a continual basis. If your market is not featured, please contact us so we can implement the necessary qualification process. More indepth reports on the luxury communities in your market are available as well. Looking through this report, you will notice three distinct market statuses, Buyer's Market, Seller's Market, and Balanced Market. A Buyer's Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/ or price point. By contrast, a Seller's Market gives sellers greater control over the price point. Typically, this means there are few homes on the market and a generous demand, causing competition between buyers who ultimately drive sales prices higher. A Balanced Market indicates that neither the buyers nor the sellers control the price point at which that property will sell and that there is neither a glut nor a lack of inventory. Typically, this type of market sees a stabilization of both the list and sold price, the length of time the property is on the market as well as the expectancy amongst homeowners in their respective communities – so long as their home is priced in accordance with the current market value.
Report Glossary REMAINING INVENTORY: The total number of homes available at the close of a month. DAYS ON MARKET: Measures the number of days a home is available on the market before a purchase offer is accepted. LUXURY BENCHMARK PRICE: The price point that marks the transition from traditional homes to luxury homes. NEW LISTINGS: The number of homes that entered the market during the current month. PRICE PER SQUARE FOOT: Measures the dollar amount of the home's price for an individual square foot. SALES RATIO: Sales Ratio defines market speed and determines whether the market currently favors buyers or sellers. Buyer's Market = up to 14%; Balanced Market = 15 to 20%; Seller's Market = 21% plus. If >100%, sales from previous month exceed current inventory. SP/LP RATIO: The Sales Price/List Price Ratio compares the value of the sold price to the value of the list price.
This is your
Luxury Market Report
W
Map of Luxury Residential Markets
elcome to the Luxury Market Report, your guide to luxury real estate market data and trends for North America. Produced monthly by The Institute for Luxury Home Marketing, this report provides an in-depth
look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends.
Copyright © 2020 Institute for Luxury Home Marketing | www.luxuryhomemarketing.com | 214.485.3000 The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. Luxury benchmark prices are determined by The Institute. This active and sold data has been compiled by various sources, including local MLS boards, local tax records and Realtor.com. Data is deemed reliable to the best of our knowledge, but is not guaranteed.
North American Luxury Review The Global Demand for Luxury Real Estate The ebbs and flows of the luxury real estate market continue to be fascinating while still providing some unexpected twists and turns. At the beginning of 2022, experts had predicted a more traditional year, but reality tells a different story. Much like actors, the players in the luxury real estate market need to have the ability to adapt to meet new expectations, as well as the demands of the audience – but equally, they must recognize that longevity and ongoing success commands a hefty price tag. That success has now gone global – if not viral! While the ownership of luxury properties throughout the world has always been part of the affluent's portfolio, prior to the pandemic, the pace of decisionmaking and purchasing was so much slower, with the level of inventory far exceeding the demand. From London to Miami, Los Angeles to Sydney, the increasing demand for luxury properties continues to be at unexpected levels while inventory availability decreases and prices increase – further compounded as more countries open up and return to some semblance of normalcy, with the return of the international buyer. Looking back over the last two years, it has been interesting to watch how the global demand has developed and determined the impacts on the world's luxury real estate market as we move into the rest of 2022. While it cannot be declared that the U.S. and Canada were the trendsetters in the meteoric increase in purchasing luxury properties over the last two years, the comparative statistics indicate that North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has not only not abated, but it consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.
At the start of the pandemic in 2020, the demand for luxury real estate took much longer to appear in other parts of the world. In Asia and Australasia, most countries initially handled the onset of the pandemic effectively, so there was little need to rush out of the city or change their current abode. Whereas in Europe, whole cities and countries were in lockdown, so the process of buying 'escape' properties was slowed by the initial difficulty of not being able to travel. South America saw an equally slow start in the purchase of luxury properties, as the pandemic took much longer to take hold – waiting for the cooler months of the summer in many of these sub-equator countries. Despite the slower start outside North America, after reviewing the overall global trend during the last two years, we can see that several factors were key determinants in the growth of demand for luxury properties in 2021. Rising global wealth, increasing numbers of affluent individuals, investment return opportunities, and the growing importance of intrinsic value that a luxury property offers have all been instrumental. We can see this global change more emphatically by looking at the numbers provided by Wealth- X for individuals with a net worth of over $5 million through a comparison of growth from 2020 to the end of 2021. In 2020, their global wealth grew by 2.1%, from $61 trillion to $62 trillion, but in 2021 it exploded with a 20.4% increase of $12.8 trillion, equaling a growth of wealth to over $75 trillion. However, it is more likely that the population growth of these individuals with a net worth of over $5 million could be the most important factor in the dramatic decrease in inventory levels. In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.
While this growth of wealth and the individuals with this wealth undoubtedly created one of the most significant impacts on the demand for luxury real estate, what is truly fascinating is some of the unexpected diversification of where the wealthy are buying and why. Since reopening its borders, Australia has seen a marked interest in Sydney and Melbourne's luxury real estate markets, and despite their tight foreign ownership rules, demand has been extremely high. In the past, distance and remoteness were a hindrance, but in today's world, these factors are now considered a benefit. Throw in additional tax incentives for relocating a business, and the elite start to look at the viability of moving here. Looking to India, we see predictions for a continuation of a strong luxury real estate market. Already Delhi, Mumbai, and Goa have seen the ultra-rich invest heavily in high-end property. The widely traveled affluent are leading the charge as they have experienced living in more luxurious accommodations and are ready to spend their wealth on luxury real estate to upgrade their lifestyle in a city of their choice. While the affluent are attracted to Mumbai due to it being the commercial capital, especially for investment with well-established luxury property developers, areas such as Lutyens' Zone, Vasant Vihar, and South Delhi remain hot real estate destinations in Delhi. Dubai has seen a resurgence in its market in the last six months. Despite all the negative press about Russian Oligarchs using it as a hiding place, Dubai recorded its best quarter since 2010, with top investors coming from the UK, France, and Italy. Europeans have dominated investment, but increasing numbers of individuals from Canada, India, and Pakistan are taking significant interest as visa reforms and economic stability have proven to be successful draws. The great exodus from London in 2021 saw British locals moving out to the countryside and foreign investors either returning home or choosing to invest closer to home. However, the first quarter of 2022 marked a significant return of both types of affluent property buyers. One of the unexpected twists is the increased demand for properties at the very high end of the market, driven by very wealthy buyers from the U.S. and citizens of Hong Kong concerned about the long-term impacts of their city's transition to Chinese rule.
Moving away from the big city lights to the coastal and mountain retreats, such as Monaco in France, St. Moritz in Switzerland, and other similar locales that have always attracted the mega-wealthy, inventory levels for some of the most expensive properties in the world have not only been depleted but have seen unimaginable price increases. Innovative developers may ease the burden slightly in Monaco with the building of an eco-development reclaiming land from the sea and luxury development in the heart of Larvotto, offering 56 apartments with wraparound balconies and five villas, each with a rooftop terrace, private pool, and all having Mediterranean views. As global demand for luxury homes continues to increase, the opportunity for developers and builders holds a world of opportunity, innovation, and, of course, financial gain. In North America, cities were high on the list for the wealthy, especially Washington D.C., New York, Los Angeles, Miami, and Honolulu, with individuals desiring a return to downtown lifestyles. And more than 10% of luxury searches were conducted by foreign buyers, according to data collected for Mansion Global by Realtor.com. One trend this analysis of the global market for real estate demonstrates is that the affluent are on the move again, and North America will probably be one of the largest beneficiaries. The strength and stability of the luxury markets in Canada and the U.S. over the last two years, not to mention investment opportunities in the growth of new real estate markets and luxury developments, will drive the incentive from international buyers.
13-Month Market Trends For the Luxury North American Market
Single-Family Homes
Attached Homes
Single-Family List Price
Attached List Price
All data is based off median values. Median prices represent properties priced above respective city benchmark prices.
20
Days on Market
16 14
12
12 15
11
11
12
12
10
16
13
14
15
16
18
17
18
15
15
17
16
12
14
12
12
11
9
8
7
8
8
6 4 2 0 APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
$443
$529
$547 $423
$530 $420
$412
$523
$535 $415
$396
$400
$499
$501
$523
$397
$482 $392
$376
$376
$300
$388
$400
$481
$521
$495
$511
$500
$384
Price per Square Foot
$600
$200
$100
$0
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
$2,100,000
Sales Price vs. List Price
$1,900,000 $1,700,000
$1,500,000 $1,300,000 $1,100,000
$900,000 $700,000 $500,000 APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
Discrepancies in previous month statistics between the April 2022 and April 2022 reports are due to the addition of Flagstaff, AZ, Aspen, CO, and Hilton Head, SC.
Luxury Monthly Market Review A Review of Key Market Differences Year over Year April 2021 | April 2022
Single-Family Homes April 2021
Median List Price
Median Sale Price Total Sales Ratio
$1,699,000
$1,795,972
100.00%
100.83%
$1,385,000
Median SP/LP Ratio Median Price per Sq. Ft.
April 2022
63.03% $384
$1,335,075
74.95% $443
April 2021
April 2022
Total Inventory
29,458
28,919
Total Sold
18,568
21,675
New Listings
12,922
Median Days on Market Average Home Size
12
15,623
3,673
3,133
Median prices represent properties priced above respective city benchmark prices.
2,701
3,107
New Listings
Total Sold
5
11.92%
Med. Sale Price
Days on Market
Sales Ratio
49,925
$
Single-Family Homes Market Summary | April 2022 •
Official Market Type: Seller's Market with a 74.95% Sales Ratio.1
•
Homes are selling for an average of 100.83% of list price.
•
The median luxury threshold2 price is $950,000, and the median luxury home sales price is $1,335,075.
•
Markets with the Highest Median Sales Price: Aspen ($9,975,000), Vail ($5,772,500), Telluride ($5,350,029), and Los Angeles Beach Cities ($4,000,000).
•
Markets with the Highest Sales Ratio: Waterloo Region (258%), East Bay (211%), Seattle (206%) and Hamilton Country (175%). Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from
1
previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.
7
Luxury Monthly Market Review A Review of Key Market Differences Year over Year April 2021 | April 2022
Attached Homes April 2021
Median List Price
Median Sale Price Total Sales Ratio
$1,037,500
$1,068,000
100.00%
100.00%
$865,000
Median SP/LP Ratio Median Price per Sq. Ft.
April 2022
47.53% $511
$884,500 64.95% $529
Total Inventory New Listings
April 2021
April 2022
12,273
10,186
5,833
6,616
4,593
Total Sold
Median Days on Market Average Home Size
15
1,948
5,285
1,779
Median prices represent properties priced above respective city benchmark prices.
692
New Listings
783
Total Sold
Med. Sale Price
Days on Market
19,500
$
7
17.42% Sales Ratio
Attached Homes Market Summary | April 2022 •
Official Market Type: Seller's Market with a 64.95% Sales Ratio.1
•
Attached homes are selling for an average of 100.00% of list price.
•
The median luxury threshold2 price is $700,000, and the median attached luxury sale price is $884,500.
•
Markets with the Highest Median Sales Price: Aspen ($3,125,000), Vail ($2,650,000), San Francisco ($2,300,000), and Greater Boston ($2,075,000).
•
Markets with the Highest Sales Ratio: Silicon Valley (360%), Howard County (300%), Central Coast (283%) and Waterloo Region (263%). Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from
1
previous month exceeds current inventory. 2The luxury threshold price is set by The Institute for Luxury Home Marketing.
8
Luxury Monthly Market Review Single-Family Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
AB
Calgary
$1,149,900
$980,000
503
368
342
14
Seller's
AZ
Chandler and Gilbert
$1,149,500
$945,000
88
64
126
19
Seller's
AZ
Flagstaff
$1,594,859
$1,225,000
46
28
19
37
Seller's
AZ
Mesa
$880,680
$839,900
60
37
97
13
Seller's
AZ
Paradise Valley
$6,799,000
$3,625,000
91
31
41
17
Seller's
AZ
Phoenix
$925,000
$800,000
314
213
513
17
Seller's
AZ
Scottsdale
$2,495,000
$1,600,000
323
194
295
19
Seller's
AZ
Tucson
$792,938
$650,000
434
200
346
5
Seller's
BC
Mid Vancouver Island
$1,600,000
$1,410,000
147
109
73
10
Seller's
BC
Okanagan Valley
$1,848,900
$1,592,000
608
350
149
22
Seller's
BC
Vancouver
$4,480,000
$3,350,000
1173
499
171
9
Buyer's
BC
Victoria
$2,599,500
$1,925,500
87
93
62
7
Seller's
CA
Central Coast
$3,474,500
$2,287,500
126
67
104
8
Seller's
CA
East Bay
$2,148,800
$2,075,000
355
311
748
7
Seller's
CA
Greater Palm Springs
$2,375,000
$1,765,000
201
115
158
20
Seller's
CA
Lake Tahoe
$2,797,000
$1,715,000
88
48
51
7
Seller's
CA
Los Angeles Beach Cities
$6,697,500
$4,000,000
218
93
103
11
Seller's
CA
Los Angeles City
$5,995,000
$3,500,000
514
214
220
12
Seller's
CA
Los Angeles The Valley
$2,499,000
$2,070,000
289
179
277
10
Seller's
CA
Marin County
$3,561,500
$3,050,000
56
23
96
8
Seller's
CA
Napa County
$3,995,000
$2,000,000
98
26
35
25
Seller's
CA
Orange County
$2,800,000
$2,200,000
685
383
585
7
Seller's
CA
Placer County
$1,225,000
$1,109,000
229
81
97
7
Seller's
CA
Sacramento
$949,995
$875,000
504
204
285
7
Seller's
CA
San Diego
$2,399,000
$1,875,000
578
374
568
6
Seller's
CA
San Francisco
$4,435,000
$3,500,000
99
21
73
11
Seller's
CA
San Luis Obispo County
$1,925,000
$1,440,000
114
47
90
0
Seller's
CA
Santa Barbara
$6,372,500
$3,525,000
82
47
66
8
Seller's
CA
Silicon Valley
$4,350,000
$3,302,000
309
225
511
7
Seller's
CA
Sonoma County
$2,395,000
$1,750,000
193
32
63
23
Seller's
CA
Ventura County
$2,489,000
$1,650,000
171
102
153
12
Seller's
CO
Aspen
$15,075,000
$9,975,000
50
8
15
88
Seller's
CO
Boulder
$2,315,000
$1,555,000
106
66
141
28
Seller's
CO
Colorado Springs
$995,000
$884,950
221
143
182
4
Seller's
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Single-Family Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
CO
Denver
$1,795,000
$1,418,000
286
209
443
4
Seller's
CO
Douglas County
$1,699,999
$1,228,000
153
112
181
4
Seller's
CO
Durango
$2,072,500
$1,136,500
46
17
22
56
Seller's
CO
Summit County
$3,495,000
$2,475,000
29
10
7
3
Seller's
CO
Telluride
$9,600,000
$5,350,029
37
4
4
150
Buyer's
CO
Vail
$6,232,500
$5,772,500
44
9
10
15
Seller's
CT
Central Connecticut
$720,350
$611,195
266
87
134
5
Seller's
CT
Coastal Connecticut
$2,300,000
$1,700,000
409
165
178
23
Seller's
DC
Washington D.C.
$4,995,000
$2,700,000
47
16
27
6
Seller's
DE
Sussex County Coastal
$1,397,250
$1,257,500
114
39
40
8
Seller's
FL
Boca Raton/Delray Beach
$3,500,000
$1,958,000
227
105
99
7
Seller's
FL
Coastal Pinellas County
$2,500,000
$1,700,000
61
32
32
10
Seller's
FL
Greater Fort Lauderdale
$1,796,944
$1,179,500
624
308
406
12
Seller's
FL
Jacksonville Beaches
$1,424,900
$1,200,000
165
105
133
14
Seller's
FL
Lee County
$1,440,000
$1,275,000
351
180
203
9
Seller's
FL
Marco Island
$2,799,000
$2,650,000
79
30
35
7
Seller's
FL
Miami
$2,390,000
$1,467,500
593
223
154
17
Seller's
FL
Naples
$5,149,500
$3,820,000
196
76
79
8
Seller's
FL
Orlando
$1,375,000
$1,155,000
355
157
231
7
Seller's
FL
Palm Beach Towns
$4,700,000
$2,700,000
151
61
41
26
Seller's
FL
Sarasota & Beaches
$3,165,000
$2,125,000
199
90
88
5
Seller's
FL
South Pinellas County
$2,300,000
$1,357,650
110
64
96
5
Seller's
FL
South Walton
$2,995,000
$2,312,500
199
87
86
7
Seller's
FL
Tampa
$900,000
$703,500
411
246
460
4
Seller's
FL
Weston
$1,380,000
$990,000
38
27
50
13
Seller's
GA
Atlanta
$1,675,000
$1,200,000
426
212
306
4
Seller's
GA
Duluth
$1,850,000
$1,280,000
11
7
11
4
Seller's
HI
Island of Hawaii
$2,224,500
$1,987,500
76
21
40
16
Seller's
HI
Kauai
$3,650,000
$1,995,000
37
13
19
10
Seller's
HI
Maui
$3,275,000
$2,402,500
97
25
38
76
Seller's
HI
Oahu
$3,210,000
$2,500,000
151
50
64
14
Seller's
ID
Ada County
$849,900
$753,700
414
281
400
4
Seller's
ID
Northern Idaho
$1,798,000
$1,400,000
209
100
69
56
Seller's
IL
Chicago
$1,595,000
$1,265,000
524
263
400
7
Seller's
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Single-Family Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
IL
DuPage County
$1,206,200
$902,000
230
87
166
6
Seller's
IL
Lake County
$1,199,950
$900,000
222
89
175
8
Seller's
IL
Will County
$749,000
$625,000
135
56
125
7
Seller's
IN
Hamilton County
$997,475
$800,000
60
33
105
3
Seller's
KS
Johnson County
$816,960
$783,049
200
76
140
2
Seller's
MA
Cape Cod
$2,800,000
$2,162,500
83
31
36
19
Seller's
MA
Greater Boston
$3,799,000
$2,675,000
107
53
40
13
Seller's
MA
South Shore
$1,980,000
$1,580,000
34
19
27
18
Seller's
MD
Anne Arundel County
$996,500
$890,000
124
53
123
5
Seller's
MD
Frederick County
$851,310
$887,500
34
14
32
5
Seller's
MD
Howard County
$1,189,990
$1,023,000
57
33
60
5
Seller's
MD
Montgomery County
$1,944,334
$1,569,000
128
82
156
6
Seller's
MD
Talbot County
$1,960,000
$2,010,000
29
18
14
9
Seller's
MD
Worcester County
$1,100,000
$857,950
35
15
8
27
Seller's
MI
Livingston County
$749,900
$674,000
57
21
22
9
Seller's
MI
Monroe County
$627,450
$537,500
10
3
4
9
Seller's
MI
Oakland County
$787,787
$641,194
537
267
292
7
Seller's
MI
Washtenaw County
$1,170,000
$730,000
88
34
67
5
Seller's
MI
Wayne County
$777,000
$620,000
128
65
109
7
Seller's
MN
Olmsted County
$812,450
$787,500
54
20
24
14
Seller's
MN
Twin Cities
$1,249,000
$1,052,500
446
188
236
7
Seller's
MO
Kansas City
$679,000
$653,000
687
246
415
2
Seller's
MO
St. Louis
$895,000
$703,750
71
46
92
7
Seller's
NC
Asheville
$1,087,500
$860,000
144
52
73
6
Seller's
NC
Charlotte
$1,299,000
$932,053
292
156
370
3
Seller's
NC
Lake Norman
$1,200,000
$965,000
107
57
79
4
Seller's
NC
Raleigh-Durham
$1,109,500
$942,500
184
112
278
1
Seller's
NJ
Ocean County
$925,000
$875,000
293
124
145
14
Seller's
NV
Lake Tahoe
$3,750,000
$2,850,000
63
16
13
43
Balanced
NV
Las Vegas
$1,895,000
$1,400,000
443
211
193
10
Seller's
NV
Reno
$2,347,500
$1,525,000
60
30
28
52
Seller's
NY
Brooklyn
$1,800,000
$1,635,000
216
46
25
143
Buyer's
NY
Staten Island
$1,294,000
$1,041,000
134
51
34
34
Seller's
OH
Cincinnati
$814,269
$714,900
162
39
69
2
Seller's
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Single-Family Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
ON
GTA - Durham
$1,688,500
$1,600,000
188
212
189
6
Seller's
ON
GTA - York
$2,299,000
$2,000,800
501
465
257
8
Seller's
ON
Mississauga
$3,324,500
$2,475,000
92
77
52
7
Seller's
ON
Oakville
$2,399,000
$2,250,000
91
112
80
7
Seller's
ON
Toronto
$3,965,000
$3,300,000
324
270
194
7
Seller's
ON
Waterloo Region
$1,399,900
$1,312,500
69
118
178
7
Seller's
OR
Portland
$1,575,000
$950,000
279
156
97
4
Seller's
SC
Hilton Head
$1,950,000
$1,637,500
146
62
76
14
Seller's
TN
Greater Chattanooga
$998,900
$820,000
121
65
53
2
Seller's
TN
Nashville
$2,196,500
$1,380,050
216
128
294
3
Seller's
TX
Austin
$1,200,000
$998,750
393
302
485
5
Seller's
TX
Collin County
$824,950
$726,000
410
329
648
5
Seller's
TX
Dallas
$1,549,000
$1,100,000
203
142
220
5
Seller's
TX
Denton County
$791,000
$751,000
303
242
419
5
Seller's
TX
El Paso
$649,000
$609,000
89
34
38
10
Seller's
TX
Fort Worth
$925,000
$761,565
411
250
432
5
Seller's
TX
Greater Tyler
$755,000
$627,500
72
54
36
12
Seller's
TX
Houston
$979,900
$875,000
887
402
438
7
Seller's
TX
Lubbock
$775,000
$605,000
63
35
27
66
Seller's
TX
San Angelo
$708,140
$589,000
44
16
11
58
Seller's
TX
San Antonio
$925,000
$750,000
263
130
173
16
Seller's
TX
The Woodlands & Spring
$925,000
$742,500
135
91
148
5
Seller's
UT
Park City
$3,875,000
$3,500,000
73
28
30
11
Seller's
UT
Salt Lake City
$1,199,500
$950,000
205
134
205
6
Seller's
VA
Arlington & Alexandria
$2,049,500
$1,767,500
52
27
49
6
Seller's
VA
Charlottesville
$1,399,900
$1,080,000
93
32
43
5
Seller's
VA
Fairfax County
$2,300,000
$1,502,064
240
135
191
5
Seller's
VA
McLean & Vienna
$3,100,000
$1,750,000
111
49
61
5
Seller's
VA
Richmond
$797,000
$800,000
168
61
166
6
Seller's
WA
Greater Seattle
$1,980,000
$1,744,200
555
472
906
5
Seller's
WA
Seattle
$1,895,000
$1,626,000
109
85
225
5
Seller's
WA
Spokane
$1,255,000
$989,500
64
39
38
5
Seller's
Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Attached Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
AB
Calgary
$809,500
$715,000
136
61
38
27
Seller's
AZ
Chandler and Gilbert
-
-
-
-
-
-
-
AZ
Flagstaff
-
-
-
-
-
-
-
AZ
Mesa
-
-
-
-
-
-
-
AZ
Paradise Valley
-
-
-
-
-
-
-
AZ
Phoenix
-
-
-
-
-
-
-
AZ
Scottsdale
$875,000
$830,000
113
74
107
22
Seller's
AZ
Tucson
-
-
-
-
-
-
-
BC
Mid Vancouver Island
$839,000
$817,500
43
44
32
14
Seller's
BC
Okanagan Valley
-
-
-
-
-
-
-
BC
Vancouver
$1,998,000
$1,750,000
850
428
191
11
Seller's
BC
Victoria
$998,750
$955,250
104
110
82
7
Seller's
CA
Central Coast
$1,087,000
$1,222,500
12
10
34
8
Seller's
CA
East Bay
$1,099,000
$1,150,000
105
85
251
7
Seller's
CA
Greater Palm Springs
-
-
-
-
-
-
-
CA
Lake Tahoe
$1,350,000
$997,500
21
11
12
8
Seller's
CA
Los Angeles Beach Cities
$2,122,000
$1,648,000
92
51
94
9
Seller's
CA
Los Angeles City
$1,800,000
$1,464,250
270
118
150
12
Seller's
CA
Los Angeles The Valley
$793,500
$820,000
70
45
107
8
Seller's
CA
Marin County
$1,099,000
$1,192,500
15
7
18
13
Seller's
CA
Napa County
-
-
-
-
-
-
-
CA
Orange County
$1,150,000
$1,100,000
243
195
329
6
Seller's
CA
Placer County
-
-
-
-
-
-
-
CA
Sacramento
-
-
-
-
-
-
-
CA
San Diego
$1,425,000
$1,000,000
185
134
296
6
Seller's
CA
San Francisco
$2,750,000
$2,300,000
122
34
62
12
Seller's
CA
San Luis Obispo County
-
-
-
-
-
-
-
CA
Santa Barbara
$1,595,000
$1,735,000
8
7
9
10
Seller's
CA
Silicon Valley
$1,698,000
$1,630,000
57
53
205
7
Seller's
CA
Sonoma County
$850,000
$683,250
11
2
6
24
Seller's
CA
Ventura County
$750,000
$743,500
59
35
62
12
Seller's
CO
Aspen
$5,847,500
$3,125,000
14
1
5
46
Seller's
CO
Boulder
$1,025,000
$850,000
24
15
28
33
Seller's
CO
Colorado Springs
-
-
-
-
-
-
-
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Attached Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
CO
Denver
$1,049,000
$797,500
109
37
84
5
Seller's
CO
Douglas County
$608,995
$580,000
6
4
15
9
Seller's
CO
Durango
$692,500
$915,000
6
3
12
37
Seller's
CO
Summit County
$1,100,000
$1,637,000
8
8
6
5
Seller's
CO
Telluride
-
-
-
-
-
-
-
CO
Vail
$3,675,000
$2,650,000
55
4
17
9
Seller's
CT
Central Connecticut
-
-
-
-
-
-
-
CT
Coastal Connecticut
$1,530,000
$709,500
152
72
40
17
Seller's
DC
Washington D.C.
$2,100,000
$1,661,250
139
52
115
7
Seller's
DE
Sussex County Coastal
$937,000
$782,500
13
7
13
6
Seller's
FL
Boca Raton/Delray Beach
$1,395,000
$857,500
121
75
106
9
Seller's
FL
Coastal Pinellas County
$1,385,150
$1,260,500
53
47
44
5
Seller's
FL
Greater Fort Lauderdale
$890,000
$775,000
526
189
219
22
Seller's
FL
Jacksonville Beaches
$1,095,000
$975,000
11
8
17
13
Seller's
FL
Lee County
$822,500
$848,000
146
97
117
3
Seller's
FL
Marco Island
$1,697,000
$1,322,500
24
16
12
4
Seller's
FL
Miami
$1,560,000
$1,300,000
950
242
258
57
Seller's
FL
Naples
$2,325,000
$1,962,500
106
54
88
5
Seller's
FL
Orlando
$615,998
$539,500
100
48
75
4
Seller's
FL
Palm Beach Towns
$1,995,000
$1,500,000
119
62
80
12
Seller's
FL
Sarasota & Beaches
$2,159,000
$1,497,500
91
41
62
4
Seller's
FL
South Pinellas County
$1,278,220
$922,000
105
75
61
5
Seller's
FL
South Walton
$1,662,800
$1,260,000
127
33
47
6
Seller's
FL
Tampa
$922,495
$695,000
58
38
67
FL
Weston
-
-
-
-
-
-
-
GA
Atlanta
$797,600
$619,900
296
133
197
6
Seller's
GA
Duluth
-
-
-
-
-
-
-
HI
Island of Hawaii
$2,237,500
$1,400,000
26
13
35
12
Seller's
HI
Kauai
$1,662,500
$1,277,500
28
8
16
12
Seller's
HI
Maui
$2,199,000
$1,650,000
59
30
55
59
Seller's
HI
Oahu
$1,250,000
$900,000
331
102
153
12
Seller's
ID
Ada County
$686,400
$606,500
37
32
37
5
Seller's
ID
Northern Idaho
-
-
-
-
-
-
-
IL
Chicago
$1,272,500
$933,500
506
179
270
10
Seller's
Seller's
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Attached Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
IL
DuPage County
$784,400
$607,250
14
5
14
7
Seller's
IL
Lake County
-
-
-
-
-
-
-
IL
Will County
-
-
-
-
-
-
-
IN
Hamilton County
-
-
-
-
-
-
-
KS
Johnson County
$614,750
$644,647
64
20
26
2
Seller's
MA
Cape Cod
$849,000
$849,000
21
3
7
20
Seller's
MA
Greater Boston
$2,499,500
$2,075,000
292
123
83
20
Seller's
MA
South Shore
$1,188,995
$869,000
7
2
8
40
Seller's
MD
Anne Arundel County
$579,900
$549,790
47
27
60
5
Seller's
MD
Frederick County
-
-
-
-
-
-
-
MD
Howard County
$580,553
$580,000
10
14
30
5
Seller's
MD
Montgomery County
$749,999
$755,000
67
61
103
6
Seller's
MD
Talbot County
-
-
-
-
-
-
-
MD
Worcester County
$769,000
$630,000
31
18
43
9
Seller's
MI
Livingston County
-
-
-
-
-
-
-
MI
Monroe County
-
-
-
-
-
-
-
MI
Oakland County
$698,250
$634,355
60
28
22
7
Seller's
MI
Washtenaw County
$625,000
$600,000
37
18
17
16
Seller's
MI
Wayne County
$660,000
$536,850
70
22
13
7
Balanced
MN
Olmsted County
-
-
-
-
-
-
-
MN
Twin Cities
-
-
-
-
-
-
-
MO
Kansas City
-
-
-
-
-
-
-
MO
St. Louis
-
-
-
-
-
-
-
NC
Asheville
$895,000
$941,083
27
8
13
55
Seller's
NC
Charlotte
$768,000
$645,000
106
58
77
6
Seller's
NC
Lake Norman
$548,457
$656,200
20
17
7
9
Seller's
NC
Raleigh-Durham
-
-
-
-
-
-
-
NJ
Ocean County
$969,000
$650,000
19
10
21
24
Seller's
NV
Lake Tahoe
$1,485,000
$1,250,000
16
10
8
45
Seller's
NV
Las Vegas
-
-
-
-
-
-
-
NV
Reno
-
-
-
-
-
-
-
NY
Brooklyn
$1,450,617
$1,267,500
418
115
72
64
Balanced
NY
Staten Island
$654,950
$588,888
60
29
23
20
Seller's
OH
Cincinnati
$715,000
-
23
7
0
-
Buyer's
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury Monthly Market Review Attached Homes
State
Market Name
Median List Price
Median Sold Price
Inventory
New Listings
Sold
Days on Market
Market Status
ON
GTA - Durham
$819,900
$850,000
26
44
62
7
Seller's
ON
GTA - York
$799,400
$780,000
200
222
153
9
Seller's
ON
Mississauga
$950,000
$950,000
127
158
130
7
Seller's
ON
Oakville
$1,299,000
$1,222,500
53
73
42
7
Seller's
ON
Toronto
$1,349,995
-
472
293
0
-
Buyer's
ON
Waterloo Region
$820,000
$815,000
48
67
126
7
Seller's
OR
Portland
-
-
-
-
-
-
-
SC
Hilton Head
$1,097,500
$1,058,500
26
17
16
5
Seller's
TN
Greater Chattanooga
-
-
-
-
-
-
-
TN
Nashville
$849,900
$600,000
40
29
75
3
Seller's
TX
Austin
$1,200,000
$748,000
67
47
103
5
Seller's
TX
Collin County
-
-
-
-
-
-
-
TX
Dallas
$945,000
$685,000
68
36
63
7
Seller's
TX
Denton County
-
-
-
-
-
-
-
TX
El Paso
-
-
-
-
-
-
-
TX
Fort Worth
-
-
-
-
-
-
-
TX
Greater Tyler
-
-
-
-
-
-
-
TX
Houston
$650,000
$605,000
113
60
59
16
Seller's
TX
Lubbock
-
-
-
-
-
-
-
TX
San Angelo
-
-
-
-
-
-
-
TX
San Antonio
$573,566
$548,250
16
5
6
15
Seller's
TX
The Woodlands & Spring
-
-
-
-
-
-
-
UT
Park City
$1,785,000
$1,675,000
57
31
46
6
Seller's
UT
Salt Lake City
$585,000
$557,275
61
60
120
5
Seller's
VA
Arlington & Alexandria
$1,099,000
$989,000
73
58
89
4
Seller's
VA
Charlottesville
$959,900
$540,000
24
15
11
3
Seller's
VA
Fairfax County
$787,965
$703,500
144
116
230
5
Seller's
VA
McLean & Vienna
$1,275,000
$918,750
27
13
22
5
Seller's
VA
Richmond
-
-
-
-
-
-
-
WA
Greater Seattle
$1,250,000
$1,072,500
179
88
140
5
Seller's
WA
Seattle
$1,553,500
$1,225,000
94
29
40
5
Seller's
WA
Spokane
-
-
-
-
-
-
-
Markets with dashes do not have a significant luxury market for this report. Median prices represent properties priced above respective city benchmark prices. Prices shown for Canadian cites are shown in Canadian Dollars.
Luxury IS IN
EACH DETAIL. HUBERT DE GIVENCHY
Hawaii
Luxury Market Review Corcoran Pacific Properties is pleased to present a closer look at the luxury real estate market in Hawaii, which includes detailed statistical analysis of Kauai, Oahu, Maui, and the Island of Hawaii for April 2022. Taking a comprehensive approach, the overall impression of Hawaii’s luxury real estate market is one of stability and consistency since the start of 2022 and in comparison, to April 2021. This is not to say that inventory levels have increased to where supply outweighs demand or that demand has decreased because, in comparison to statistical data prior to the pandemic, the differences still show that 2022 is an extremely strong seller’s market. However, except for a few year-over-year comparative data points, the statistics being reported show a consistency in the numbers of sales, inventory and price points. Also, where inventory levels are increasing slightly by single digit percentages, this gain is often reduced by a matching increase in sales. While many buyers over the last two years have tended to be from the mainland, as the normalcy in global travel returns, so too has there been an increase of international interest. According to data collected for Mansion Global by Realtor.com, Honolulu saw more than 10% of its luxury real estate searches conducted by foreign purchasers over the last few months. It is yet to be determined if the return of the international buyer will drive more sales and decrease inventory still further, but it is certainly anticipated that any decrease in demand from mainland buyers will quickly see a foreign buyer step in. One island that does stand out this month, showing a significant comparative increase in demand year-over-year and growth since February of this year, is Oahu. Sales increased by 31% for single family homes and by 84% for attached properties, year-over-year. January and February 2022 saw fewer sales – unlike the other islands where the numbers remained consistent – only to increase by 50% during March and April. Interestingly, monthly inventory levels saw little change, despite this increase in sales, indicating that more properties entered the Oahu real estate market, offsetting this demand. In counter opposite, Kauai saw a 56% decrease in its inventory level for single family homes and 36% for attached properties in April 2022, compared to April 2021. This was not a sudden drop, because numbers have gradually fallen month-over-month during the last year, but it does indicate that very little new inventory is coming into Kauai’s market. It is unlikely that inventory levels will change significantly over the next year which is why it’s important to work with one of our local real estate experts, who are both familiar with local trends and will be your best resource to navigate this challenging market.
May
2022
Kauai Hawaii
KAUAI
Single-Family Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,200,000 $6,000,000+ $5,400,000 - $5,999,999 $4,900,000 - $5,399,999
$4,400,000 - $4,899,999 $3,900,000 - $4,399,999
2
0
Total Inventory: 3
0
Seller's Market
$1,300,000 - $1,399,999 $1,200,000 - $1,299,999
1
4
3 2
0
7
0 2 1
$1,600,000 - $1,799,999
$1,400,000 - $1,499,999
51%
1 1
$1,800,000 - $2,199,999
$1,500,000 - $1,599,999
Total Sales Ratio2:
3
0
$3,000,000 - $3,399,999
$2,200,000 - $2,599,999
37
Total Sales: 19
2
0
$3,400,000 - $3,899,999
$2,600,000 - $2,999,999
8
3
6
2
0 0 0
1 1
2
1 1
Beds3
Price
DOM
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0-1 Bedrooms
NA
NA
NA
0
2
0%
2 Bedrooms
$3,350,000
15
3
2
2
100%
3 Bedrooms
$1,800,000
6
3
9
12
75%
4 Bedrooms
$2,050,000
9
4
3
12
25%
5 Bedrooms
$3,185,000
66
5
3
4
75%
6+ Bedrooms
$22,500,000
125
5
1
4
25%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
KAUAI
Single-Family Homes
13-Month Luxury Market Trend4 Median Sales Price
$2,212,500
$2,154,750
$1,935,000
$1,862,500
85
Inventory
Solds
$2,374,000
$2,312,500 $2,030,000
$1,683,250
$1,875,000
$2,000,000
$1,789,000
$1,995,000
$1,735,000
73 56 18
Apr-21
30
24
May-21
57
55
Jun-21
20
Jul-21
48 16
Aug-21
48 24
14
Sep-21
57
47
Oct-21
44
19
22
Nov-21
Dec-21
32
Jan-22
28
17
15
Feb-22
37 19
14
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
85
37 VARIANCE: -56 % Sale Price Per SqFt. Apr. 2021
$
Apr. 2022
786
948 VARIANCE: 21 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
18
19 VARIANCE: 6 %
Apr. 2021
$
1.86m
2.00m VARIANCE: 7 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
$
Days on Market Apr. 2021
97.20%
98.46% VARIANCE: 1 %
18
Apr. 2022
10 VARIANCE: -44 %
Kauai Market Summary | April 2022 • The Kauai single-family luxury market is a Seller's Market with a 51% Sales Ratio. • Homes sold for a median of 98.46% of list price in April 2022.
• The most active price band is $1,800,000-$2,199,999, where the sales ratio is 300%. • The median luxury sales price for single-family homes is $1,995,000.
• The median days on market for April 2022 was 10 days, down from 18 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
KAUAI
Attached Homes
KAUAI
Luxury Inventory vs. Sales | April 2022 Inventory
Attached Homes
Sales
Luxury Benchmark Price 1: $950,000 $5,000,000+ $4,500,000 - $4,999,999 $4,000,000 - $4,499,999
$3,600,000 - $3,999,999 $3,200,000 - $3,599,999
0
1
0 0
Total Inventory:
$2,100,000 - $2,399,999
$1,800,000 - $2,099,999
Seller's Market
1
0
3
1
2
0
2
0 0
1
$1,600,000 - $1,799,999
7
1 3 3
$1,400,000 - $1,599,999 1
$1,200,000 - $1,399,999
3 2 2
$1,100,000 - $1,199,999
3 3
$1,000,000 - $1,099,999 $950,000 - $999,999
1
57%
Total Sales Ratio2:
0 0
$2,800,000 - $3,199,999 $2,400,000 - $2,799,999
Total Sales: 16
2
0
28
1
2
Beds3
Price
DOM
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0-1 Bedrooms
NA
NA
NA
0
2
0%
2 Bedrooms
$1,175,000
6
2
10
11
91%
3 Bedrooms
$1,400,000
29
3
5
8
63%
4 Bedrooms
$6,075,000
296
5
1
5
20%
5 Bedrooms
NA
NA
NA
0
2
0%
6+ Bedrooms
NA
NA
NA
0
0
NA
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
KAUAI
Attached Homes
13-Month Luxury Market Trend4 Sale Price
$1,395,000
$1,282,500
$1,199,000
44
39
20
13
Apr-21
May-21
$1,495,000 $1,255,000
$1,350,000
41
35 25
$1,375,000
Inventory
Jun-21
28
20
Jul-21
40
15
Aug-21
Sep-21
$1,375,000
$1,225,000
$1,200,000
31
19
15
$1,438,679
$1,420,516
34
28 13
Solds
22
31
28
$1,277,500
28
27
22
16
15
5
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
44
28 VARIANCE: -36 % Sale Price Per SqFt. Apr. 2021
$
Apr. 2022
806
900 VARIANCE: 12 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
13
16 VARIANCE: 23 %
Apr. 2021
$
1.40m
1.28m VARIANCE: -8 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
96.99%
100.00% VARIANCE: 3 %
$
Days on Market Apr. 2021
59
Apr. 2022
12 VARIANCE: -80 %
Kauai Market Summary | April 2022 • The Kauai attached luxury market is a Seller's Market with a 57% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $1,200,000-$1,399,999, where the sales ratio is 300%. • The median luxury sales price for attached homes is $1,277,500.
• The median days on market for April 2022 was 12 days, down from 59 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
May
2022
Oahu Hawaii
OAHU
Single-Family Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,750,000 $9,500,000+ $8,500,000 - $9,499,999
2
0
$5,500,000 - $6,499,999 $4,700,000 - $5,499,999 $4,100,000 - $4,699,999
7
2
Total Sales: 64 Seller's Market
6
1
Total Sales Ratio2: 42%
9
1
10
1
9
1 4
$3,500,000 - $4,099,999
$3,100,000 - $3,499,999
7 12
5
$2,700,000 - $3,099,999
10
$2,300,000 - $2,699,999
11 22
8
$2,100,000 - $2,299,999
11
7 9 9
$1,900,000 - $2,099,999
$1,800,000 - $1,899,999
8
6
$1,750,000 - $1,799,999
1
151
Total Inventory:
$7,500,000 - $8,499,999
$6,500,000 - $7,499,999
23
1
8
5
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$2,395,000
4
3
27
37
73%
3,000 - 3,999
$2,135,900
4
4
19
41
46%
4,000 - 4,999
$2,650,000
5
4
6
25
24%
5,000 - 5,999
$2,755,000
5
6
4
16
25%
6,000 - 6,999
$2,917,000
6
7
5
10
50%
7,000+
$3,300,000
5
7
3
22
14%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
OAHU
Single-Family Homes
13-Month Luxury Market Trend4 Median Sales Price
$2,430,000
$2,527,500
$2,270,000
169
168
49
Apr-21
178
150 67
60
May-21
$2,552,500
Jun-21
$2,340,000
174
56
Jul-21
$2,425,000
174
Inventory
$2,505,000
159
66
59
Aug-21
Sep-21
$2,557,500
Solds
$2,690,000
159
66
Oct-21
$2,374,000
150
$2,375,000
143
58
51
Nov-21
Dec-21
$2,600,000
151
138
125
65
64
Mar-22
Apr-22
46
40
Jan-22
$2,500,000
Feb-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
168
151 VARIANCE: -10 % Sale Price Per SqFt.
Apr. 2021
$
Apr. 2022
710
794 VARIANCE: 12 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
49
64 VARIANCE: 31 %
Apr. 2021
$
2.43m
2.50m VARIANCE: 3 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
$
Days on Market Apr. 2021
100.00% 100.00% VARIANCE: 0 %
Apr. 2022
14 VARIANCE: -30 % 20
Oahu Market Summary | April 2022 • The Oahu single-family luxury market is a Seller's Market with a 42% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $3,500,000-$4,099,999, where the sales ratio is 175%. • The median luxury sales price for single-family homes is $2,500,000.
• The median days on market for April 2022 was 14 days, down from 20 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
OAHU
Attached Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $750,000 $7,000,000+ $6,000,000 - $6,999,999 $5,200,000 - $5,999,999
$4,400,000 - $5,199,999 $3,800,000 - $4,399,999
2
0
$2,200,000 - $2,599,999
Total Inventory:
2
0
1
10
Seller's Market
10
Total Sales Ratio2: 46%
7
2
15
1 14
1
$1,800,000 - $2,199,999
39
8
$1,500,000 - $1,799,999
25
7
$1,200,000 - $1,499,999
43
21
$1,000,000 - $1,199,999
30
16
$900,000 - $999,999
48
20
$800,000 - $899,999
42 28
$750,000 - $799,999
1
331
Total Sales: 153
0
$3,200,000 - $3,799,999 $2,600,000 - $3,199,999
9
1
49
33
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$843,000
1
1
30
126
24%
1,000 - 1,499
$892,000
2
2
84
111
76%
1,500 - 1,999
$901,000
3
2
27
43
63%
2,000 - 2,499
$1,700,000
3
3
7
26
27%
2,500 - 2,999
$1,650,000
3
3
3
8
38%
3,000+
$7,825,000
4
4
2
17
12%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
OAHU
Attached Homes
13-Month Luxury Market Trend4 Median Sales Price
$949,000
324
$981,500
$960,000
301
83
Apr-21
$955,000
$875,000
121
88
May-21
Jun-21
125
Jul-21
146
Aug-21
$947,000
$900,000
355
329
283
278
273
$910,000
Inventory
101
Sep-21
351
116
$935,000
327
105
Oct-21
Solds
Nov-21
120
Dec-21
$968,750
$950,000
$928,000
$900,000
315
326
332
331
122
Jan-22
153
152
106
Feb-22
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
324
331 VARIANCE: 2 %
Sale Price Per SqFt. Apr. 2021
$
Apr. 2022
766
803 VARIANCE: 5 % $
Total Solds Apr. 2021
Apr. 2022
83
153 VARIANCE: 84 %
Sales Price Apr. 2021
949k
$
900k VARIANCE: -5 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
$
Days on Market Apr. 2021
99.56%
100.00% VARIANCE: 0 %
23
Apr. 2022
12 VARIANCE: -48 %
Oahu Market Summary | April 2022 • The Oahu attached luxury market is a Seller's Market with a 46% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $750,000-$799,999, where the sales ratio is 118%. • The median luxury sales price for attached homes is $900,000.
• The median days on market for April 2022 was 12 days, down from 23 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
May
2022
Maui Hawaii
MAUI
Single-Family Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,500,000 $12,000,000+ $9,900,000 - $11,999,999
3
1
$7,900,000 - $9,899,999
3
1
$5,900,000 - $7,899,999
12
3
$4,900,000 - $5,899,999
5
1 2
$3,900,000 - $4,899,999 $3,400,000 - $3,899,999 $2,900,000 - $3,399,999
10
2
4
13
3 7
0
$2,400,000 - $2,899,999
14
4
$2,200,000 - $2,399,999
6
2 2
$2,000,000 - $2,199,999 $1,800,000 - $1,999,999
4
2
$1,700,000 - $1,799,999
$1,600,000 - $1,699,999
2
97
Total Sales: 38
3
Seller's Market
4
Total Sales Ratio2:
$1,500,000 - $1,599,999
1
Total Inventory:
8
3
5
39%
6
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$2,100,000
3
2
5
28
18%
2,000 - 2,999
$2,070,250
4
4
18
24
75%
3,000 - 3,999
$2,652,500
4
4
6
21
29%
4,000 - 4,999
$6,194,000
4
9
6
12
50%
5,000 - 5,999
$6,795,000
5
10
1
7
14%
6,000+
$5,900,000
9
8
2
5
40%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
MAUI
Single-Family Homes
13-Month Luxury Market Trend4 Median Sales Price
$2,495,000
$2,680,000
$2,874,500
$2,575,000
$2,332,500
Inventory
Solds
$2,775,000 $2,198,000
$2,420,000 $2,162,500
$2,262,500
$2,225,000
$2,402,500
$1,900,000
116
118
103 43
Apr-21
112
39
34
May-21
Jun-21
103
40
Jul-21
104
102
30
32
Aug-21
Sep-21
49
Oct-21
112
106
92
27
30
Nov-21
Dec-21
109
35
103
38
32
21
Jan-22
97
Feb-22
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
116
Apr. 2021
38 VARIANCE: -12 %
Sale Price Per SqFt.
Sale to List Price Ratio
Apr. 2022
1,021
992 VARIANCE: -3 % $
43
Apr. 2021
Sales Price
Apr. 2022
97 VARIANCE: -16 %
Apr. 2021
$
Total Solds
Apr. 2022
Apr. 2021
$
2.50m
Apr. 2022
2.40m VARIANCE: -4 % $
Days on Market Apr. 2021
98.21%
98.20% VARIANCE: 0 %
Apr. 2022
78
76 VARIANCE: -3 %
Maui Market Summary | April 2022 • The Maui single-family luxury market is a Seller's Market with a 39% Sales Ratio. • Homes sold for a median of 98.20% of list price in April 2022.
• The most active price bands are $2,000,000-$2,199,999 and $3,900,000-$4,899,999, where the sales ratio is 200%.
• The median luxury sales price for single-family homes is $2,402,500.
• The median days on market for April 2022 was 76 days, down from 78 in April 2021. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
MAUI
Attached Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,200,000 $4,500,000+ 3
$3,600,000 - $4,499,999
$2,600,000 - $3,099,999
Total Sales Ratio2:
2
3 5
1 1
4 3
$1,600,000 - $1,699,999
5 5
2
1
5 2
$1,400,000 - $1,499,999
7 6
$1,300,000 - $1,399,999 4
$1,200,000 - $1,299,999
1
93%
6
1
$1,700,000 - $1,799,999
$1,500,000 - $1,599,999
59
Seller's Market
5
2 2
$2,000,000 - $2,199,999
$1,800,000 - $1,899,999
Total Inventory: Total Sales: 55
2
$2,400,000 - $2,599,999
$1,900,000 - $1,999,999
4
2 2
$3,100,000 - $3,599,999
$2,200,000 - $2,399,999
11
4
8
6
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,410,000
1
2
15
20
75%
1,000 - 1,499
$1,585,000
2
2
28
15
187%
1,500 - 1,999
$2,118,000
2
3
6
7
86%
2,000 - 2,499
$3,900,000
3
6
4
7
57%
2,500 - 2,999
$7,790,000
3
8
2
7
29%
3,000+
NA
NA
NA
0
3
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
MAUI
Attached Homes
13-Month Luxury Market Trend4 Sale Price
62
52
$1,746,250
48
$1,648,000
50
38
42
37
$1,769,000
47 25
Apr-21
May-21
Jun-21
Solds
$2,249,000
$2,025,000
$1,700,000
Inventory
Jul-21
36
Aug-21
$1,927,000
$2,325,000
$2,000,000
$1,925,000
$1,675,000
48
40
31
27
Sep-21
34
31
Oct-21
34
34
Nov-21
Dec-21
53
50
47
$1,700,000
$1,650,000
59
56
55
35
30
Jan-22
Feb-22
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
62
59 VARIANCE: -5 %
Sale Price Per SqFt. Apr. 2021
$
1,157
Apr. 2022
1,429 VARIANCE: 24 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
52
55 VARIANCE: 6 %
Apr. 2021
$
1.70m
1.65m VARIANCE: -3 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
99.46%
100.00% VARIANCE: 1 %
$
Days on Market Apr. 2021
88
Apr. 2022
59 VARIANCE: -33 %
Maui Market Summary | April 2022 • The Maui attached luxury market is a Seller's Market with a 93% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $1,500,000-$1,599,999, where the sales ratio is 500%. • The median luxury sales price for attached homes is $1,650,000.
• The median days on market for April 2022 was 59 days, down from 88 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
May
2022
Island of Hawaii
ISLAND OF HAWAII
Single-Family Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $9,000,000+ $7,800,000 - $8,999,999 $6,800,000 - $7,799,999
3
0
Total Inventory:
0 0
Seller's Market
2
Total Sales Ratio2:
1 1
$5,000,000 - $5,799,999 0
4
3
$2,800,000 - $3,399,999
10
3
$2,400,000 - $2,799,999
6
3
$2,000,000 - $2,399,999
7
5
$1,700,000 - $1,999,999
11
3
$1,400,000 - $1,699,999
10
7
$1,300,000 - $1,399,999
4
3
$1,200,000 - $1,299,999
1
53%
1
$3,400,000 - $4,199,999
$1,100,000 - $1,199,999
76
Total Sales: 40 1
$5,800,000 - $6,799,999
$4,200,000 - $4,999,999
9
3
8
4 1
3
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,655,000
3
3
14
35
40%
3,000 - 3,999
$2,455,000
3
3
5
9
56%
4,000 - 4,999
$6,073,750
4
6
2
5
40%
5,000 - 5,999
$16,925,000
5
6
2
6
33%
6,000 - 6,999
$6,200,000
5
6
1
2
50%
7,000+
NA
NA
NA
0
3
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
ISLAND OF HAWAII
Single-Family Homes
13-Month Luxury Market Trend4 Median Sales Price $2,400,000 $1,990,000
$1,800,000
72
42
Apr-21
Solds
$2,225,000
$2,001,500
67
Inventory
63 40
57
27
May-21
$1,775,000
Jun-21
$1,630,000
Jul-21
$1,502,500
64
60
53 24
$1,987,500
27
28
Aug-21
Sep-21
$1,650,000
64 24
Oct-21
Nov-21
$1,485,000
63
59 41
24
$1,750,000
Dec-21
$1,497,000
31
33
Feb-22
Mar-22
27
Jan-22
76
65
60
40
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
67
76 VARIANCE: 13 % Sale Price Per SqFt.
Apr. 2021
$
Apr. 2022
778
899 VARIANCE: 16 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
42
40 VARIANCE: -5 %
Apr. 2021
$
2.00m
1.99m VARIANCE: -1 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
98.42%
100.00% VARIANCE: 2 %
$
Days on Market Apr. 2021
31
Apr. 2022
16 VARIANCE: -48 %
Island of Hawaii Market Summary | April 2022 • The Island of Hawaii single-family luxury market is a Seller's Market with a 53% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $1,100,000-$1,199,999, where the sales ratio is 300%. • The median luxury sales price for single-family homes is $1,987,500.
• The median days on market for April 2022 was 16 days, down from 31 in April 2021. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
ISLAND OF HAWAII
ATTACHED HOMES Attached Homes
Luxury Inventory vs. Sales | April 2022 Inventory
Sales
Luxury Benchmark Price 1: $950,000 2 2
$4,500,000+ $4,000,000 - $4,499,999
1
0
$3,500,000 - $3,999,999 1
$3,100,000 - $3,499,999 $2,700,000 - $3,099,999 $2,400,000 - $2,699,999
2 4
1 0
4
$2,100,000 - $2,399,999
3
2 0
Total Inventory: 26
2
$1,400,000 - $1,599,999
Total Sales: 35
2
1
$1,300,000 - $1,399,999 $1,200,000 - $1,299,999
0
$1,100,000 - $1,199,999
0
$1,000,000 - $1,099,999
0
Seller's Market
3
2
Total Sales Ratio2: 135%
3
2 5 2
$950,000 - $999,999
1
4
2
$1,800,000 - $2,099,999
$1,600,000 - $1,799,999
4
2
5
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,600,000
2
1
1
3
33%
1,000 - 1,499
$1,025,000
2
2
11
3
367%
1,500 - 1,999
$1,350,000
2
3
3
4
75%
2,000 - 2,499
$2,600,000
3
4
10
5
200%
2,500 - 2,999
$1,750,000
4
4
2
5
40%
3,000+
$5,100,000
4
4
2
3
67%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales 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.
ISLAND OF HAWAII
Attached Homes
13-Month Luxury Market Trend4 Sale Price
$1,625,000
26
31
$1,400,000
28
24 17
Apr-21
$1,340,000
35
29
17
May-21
Jun-21
$1,300,000
34
23
Jul-21
Solds
$1,625,000
$1,595,000
$1,425,000
Inventory
32
16
18
Aug-21
Sep-21
$1,461,560
Oct-21
Nov-21
$1,400,000
35
34
29 17
$1,555,000
$1,225,000
$1,180,000
32
29
$1,407,500
20
Dec-21
25
26
24
Jan-22
26
24
24
Feb-22
Mar-22
Apr-22
Median Data Review | April Total Inventory Apr. 2021
Apr. 2022
26
26 VARIANCE: 0 %
Sale Price Per SqFt. Apr. 2021
$
Apr. 2022
739
893 VARIANCE: 21 % $
Total Solds Apr. 2021
Sales Price
Apr. 2022
31
35 VARIANCE: 13 %
Apr. 2021
$
1.43m
1.40m VARIANCE: -2 %
Sale to List Price Ratio Apr. 2021
Apr. 2022
$
Days on Market Apr. 2021
98.49%
100.00% VARIANCE: 2 %
29
Apr. 2022
12 VARIANCE: -59 %
Island of Hawaii Market Summary | April 2022 • The Island of Hawaii attached luxury market is a Seller's Market with a 135% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022.
• The most active price band is $950,000-$999,999, where the sales ratio is 250%. • The median luxury sales price for attached homes is $1,400,000.
• The median days on market for April 2022 was 12 days, down from 29 in April 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Apr. 2022
KAUAI
|
OAHU
|
MAUI
|
HAWAII ISLAND
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