www.LuxuryHomeMarketing.com ISLAND OF HAWAII HAWAII Home of the CLHMS TM 2023 FEBRUARY
7 2 5 5 5 8 7 13 9 8 13 25 11 6 8 2 0 0 0 2 0 0 0 1 1 2 3 2 2 3 $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 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,160,000 3 3 3 14 21% 1,500 - 1,999 $1,417,500 3 2 2 20 10% 2,000 - 2,499 $1,720,000 3 2 1 15 7% 2,500 - 2,999 $1,270,000 4 3 2 11 18% 3,000 - 3,499 NA NA NA 0 12 0% 3,500+ $4,217,500 5 5 4 26 15%
SINGLE
HOMES
INVENTORY
Luxury Benchmark Price 1: $1,100,000 Buyer's Market 132 Total Inventory: 18 Total Sales: 14% 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.
ISLAND OF HAWAII
- FAMILY
LUXURY
VS. SALES | JANUARY 2023
ISLAND OF HAWAII SINGLE -
FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY
VARIANCE: 110 % 63 132 Jan. 2022 Jan. 2023
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: - 33 % 27 18
SALE TO LIST PRICE RATIO
VARIANCE: 2 % 96.73% 98.23%
SALES PRICE
VARIANCE: - 18 % $1.75m $1.44m
DAYS ON MARKET
VARIANCE: 21 % 29 35
ISLAND OF HAWAII MARKET SUMMARY | JANUARY 2023
• The Island of Hawaii single-family luxury market is a Buyer's Market with a 14% Sales Ratio.
• Homes sold for a median of 98.23% of list price in January 2023.
• The most active price band is $5,000,000-$5,799,999, where the sales ratio is 40%
• The median luxury sales price for single-family homes is $1,439,000.
• The median days on market for January 2023 was 35 days, up from 29 in January 2022.
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.
Solds Median Sales Price Inventory 63 60 65 76 92 121 122 112 113 120 120 135 132 27 31 33 40 32 28 15 17 20 21 20 24 18 $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 $1,427,500 $1,439,000 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23
VARIANCE: - 11 % $855 $760 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023
ISLAND OF HAWAII ATTACHED HOMES
3 2 4 1 2 5 5 9 4 8 4 6 5 6 8 2 0 0 0 0 0 0 0 1 1 0 3 1 2 0 $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 Inventory Sales
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 NA NA NA 0 5 0% 1,000 - 1,499 $1,125,000 3 3 2 16 13% 1,500 - 1,999 $1,035,000 3 3 1 20 5% 2,000 - 2,499 $1,412,500 3 3 2 10 20% 2,500 - 2,999 $1,450,000 5 3 1 6 17% 3,000+ $6,550,000 4 5 1 5 20%
Luxury Benchmark Price 1: $950,000 Buyer's Market 72 Total Inventory: 10 Total Sales: 14% 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.
LUXURY INVENTORY VS. SALES | JANUARY 2023
ISLAND OF HAWAII
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY TOTAL SOLDS
188 % 25 72
SALE PRICE PER SQFT.
VARIANCE: 7 % $736 $788
- 58 % 24 10
SALE TO LIST PRICE RATIO
100.00% 95.77%
VARIANCE: - 4 %
SALES PRICE
3 % $1.23m $1.26m
DAYS ON MARKET
8 33
VARIANCE: 313 %
ISLAND OF HAWAII MARKET SUMMARY | JANUARY 2023
• The Island of Hawaii attached luxury market is a Buyer's Market with a 14% Sales Ratio.
• Homes sold for a median of 95.77% of list price in January 2023.
• The most active price band is $4,500,000+, where the sales ratio is 67%
• The median luxury sales price for attached homes is $1,262,500.
• The median days on market for January 2023 was 33 days, up from 8 in January 2022.
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.
25 26 24 26 38 50 55 47 52 51 51 63 72 24 24 34 35 36 30 19 16 14 7 13 11 10 $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 $1,570,000 $1,262,500 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Solds Sale Price Inventory
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