Home of the CLHMS TM
ISLAND OF HAWAII HAWAII
www.LuxuryHomeMarketing.com
2022 DECEMBER
$9,000,000+
$7,800,000 - $8,999,999
$6,800,000 - $7,799,999
$5,800,000 - $6,799,999
$5,000,000 - $5,799,999
$4,200,000 - $4,999,999
$3,400,000 - $4,199,999
$2,800,000 - $3,399,999
$2,400,000 - $2,799,999
$2,000,000 - $2,399,999
$1,700,000 - $1,999,999
$1,400,000 - $1,699,999
$1,300,000 - $1,399,999
$1,200,000 - $1,299,999
$1,100,000 - $1,199,999
5 4 4 2 4 3 6 11 7 12 13 23 5 14 7 2 0 0 0 0 1 2 0 4 2 0 3 3 1 2
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $9,000,000 3 2 1 12 8% 1,500 - 1,999 $1,357,500 3 2 4 17 24% 2,000 - 2,499 $1,688,888 3 2 3 15 20% 2,500 - 2,999 $2,458,200 4 4 3 9 33% 3,000 - 3,499 NA NA NA 0 8 0% 3,500+ $2,625,000 5 4 5 17 29% ISLAND OF HAWAII SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | NOVEMBER 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 120 Total Inventory: 20 Total Sales: 17% Total Sales Ratio2: 1 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.
MEDIAN DATA REVIEW | NOVEMBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 64 59 63 60 65 76 92 121 122 112 113 120 120 24 41 27 31 33 40 32 28 15 17 20 21 20 $1,502,500 $1,650,000 $1,750,000 $1,485,000 $1,497,000 $1,987,500 $2,100,000 $1,600,000 $1,405,500 $1,800,000 $1,630,000 $1,525,000 $2,325,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Island of Hawaii single-family luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 94.27% of list price in November 2022. • The most active price band is $1,300,000-$1,399,999, where the sales ratio is 60% • The median luxury sales price for single-family homes is $2,325,000. • The median days on market for November 2022 was 43 days, up from 16 in November 2021. ISLAND OF HAWAII SINGLE - FAMILY HOMES ISLAND OF HAWAII MARKET SUMMARY | NOVEMBER 2022 VARIANCE: 88 % 64 120 Nov. 2021 Nov. 2022 TOTAL INVENTORY VARIANCE: - 17 % 24 20 TOTAL SOLDS VARIANCE: 55 % $1.50m $2.33m SALES PRICE VARIANCE: 169 % 16 43 DAYS ON MARKET VARIANCE: - 4 % 97.75% 94.27% SALE TO LIST PRICE RATIO VARIANCE: 9 % $714 $779 SALE PRICE PER SQFT. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022
$4,500,000+
$4,000,000 - $4,499,999
$3,500,000 - $3,999,999
$3,100,000 - $3,499,999
$2,700,000 - $3,099,999
$2,400,000 - $2,699,999
$2,100,000 - $2,399,999
$1,800,000 - $2,099,999
$1,600,000 - $1,799,999
$1,400,000 - $1,599,999
$1,300,000 - $1,399,999
$1,200,000 - $1,299,999
$1,100,000 - $1,199,999
$1,000,000 - $1,099,999
$950,000 - $999,999
4 0 3 1 3 4 3 8 3 4 2 7 5 2 2 1 1 0 0 0 1 1 0 1 0 0 2 2 1 3
Inventory Sales ISLAND OF HAWAII ATTACHED
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 NA NA NA 0 3 0% 1,000 - 1,499 $950,000 2 2 1 7 14% 1,500 - 1,999 $1,100,000 3 2 3 8 38% 2,000 - 2,499 NA NA NA 0 13 0% 2,500 - 2,999 $3,273,750 3 3 4 7 57% 3,000+ $1,025,000 5 4 1 4 25% LUXURY INVENTORY VS. SALES | NOVEMBER 2022 Luxury Benchmark Price 1: $950,000 Seller's Market 51 Total Inventory: 13 Total Sales: 25% Total Sales Ratio2: 1 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.
HOMES
32 29 25 26 24 26 38 50 55 47 52 51 51 17 20 24 24 34 35 36 30 19 16 14 7 13 $1,180,000 $1,461,560 $1,225,000 $1,407,500 $1,555,000 $1,400,000 $1,852,000 $1,640,000 $1,550,000 $1,483,750 $1,342,500 $1,535,000 $1,217,000 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Solds Sale Price Inventory 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 59 % 32 51 VARIANCE: - 24 % 17 13 VARIANCE: 3 % $1.18m $1.22m SALES PRICE VARIANCE: 660 % 5 38 DAYS ON MARKET VARIANCE: - 4 % 100.00% 95.60% SALE TO LIST PRICE RATIO VARIANCE: - 17 % $821 $679 SALE PRICE PER SQFT. ISLAND OF HAWAII MARKET SUMMARY | NOVEMBER 2022 ISLAND OF HAWAII ATTACHED HOMES • The Island of Hawaii attached luxury market is a Seller's Market with a 25% Sales Ratio. • Homes sold for a median of 95.60% of list price in November 2022. • The most active price band is $950,000-$999,999, where the sales ratio is 150% • The median luxury sales price for attached homes is $1,217,000. • The median days on market for November 2022 was 38 days, up from 5 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY TOTAL SOLDS