Home of the CLHMS TM
ISLAND OF HAWAII HAWAII
www.LuxuryHomeMarketing.com
2023 JANUARY
$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
7 4 5 5 3 8 9 15 10 13 10 20 8 11 7 0 0 0 0 0 0 0 0 3 2 2 5 3 7 2
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 NA NA NA 0 14 0% 1,500 - 1,999 $1,627,750 4 3 2 14 14% 2,000 - 2,499 $1,500,000 3 3 7 16 44% 2,500 - 2,999 $1,165,942 4 3 3 13 23% 3,000 - 3,499 $1,225,000 4 3 2 10 20% 3,500+ $2,460,000 3 2 1 26 4% ISLAND OF HAWAII SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | DECEMBER 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 135 Total Inventory: 24 Total Sales: 18% 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 | DECEMBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 59 63 60 65 76 92 121 122 112 113 120 120 135 41 27 31 33 40 32 28 15 17 20 21 20 24 $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 $1,427,500 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-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 an 18% Sales Ratio • Homes sold for a median of 98.42% of list price in December 2022. • The most active price band is $1,200,000-$1,299,999, where the sales ratio is 64%. • The median luxury sales price for single-family homes is $1,427,500. • The median days on market for December 2022 was 25 days, down from 26 in December 2021. ISLAND OF HAWAII SINGLE - FAMILY HOMES ISLAND OF HAWAII MARKET SUMMARY | DECEMBER 2022 VARIANCE: 129 % 59 135 Dec. 2021 Dec. 2022 TOTAL INVENTORY VARIANCE: - 41 % 41 24 TOTAL SOLDS VARIANCE: - 13 % $1.65m $1.43m SALES PRICE VARIANCE: - 4 % 26 25 DAYS ON MARKET VARIANCE: - 2 % 100.00% 98.42% SALE TO LIST PRICE RATIO VARIANCE: - 29 % $867 $613 SALE PRICE PER SQFT. Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 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 1 3 1 3 6 4 8 3 7 3 6 6 2 6 0 0 0 1 0 0 2 1 1 1 1 1 0 2 1
Inventory Sales ISLAND OF HAWAII ATTACHED
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $965,000 2 2 1 5 20% 1,000 - 1,499 $1,040,000 3 3 1 8 13% 1,500 - 1,999 $1,464,500 2 2 4 15 27% 2,000 - 2,499 $1,800,000 3 3 3 12 25% 2,500 - 2,999 NA NA NA 0 8 0% 3,000+ NA NA NA 0 3 0% LUXURY INVENTORY VS. SALES | DECEMBER 2022 Luxury Benchmark Price 1: $950,000 Balanced Market 63 Total Inventory: 11 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.
HOMES
29 25 26 24 26 38 50 55 47 52 51 51 63 20 24 24 34 35 36 30 19 16 14 7 13 11 $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 $1,570,000 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-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: 117 % 29 63 VARIANCE: - 45 % 20 11 VARIANCE: 7 % $1.46m $1.57m SALES PRICE VARIANCE: 145 % 11 27 DAYS ON MARKET VARIANCE: - 1 % 100.00% 99.05% SALE TO LIST PRICE RATIO VARIANCE: 8 % $769 $828 SALE PRICE PER SQFT. ISLAND OF HAWAII MARKET SUMMARY | DECEMBER 2022 ISLAND OF HAWAII ATTACHED HOMES • The Island of Hawaii attached luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 99.05% of list price in December 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 100% • The median luxury sales price for attached homes is $1,570,000. • The median days on market for December 2022 was 27 days, up from 11 in December 2021. Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021 Dec. 2022 MEDIAN DATA REVIEW | DECEMBER TOTAL INVENTORY TOTAL SOLDS