www.LuxuryHomeMarketing.com ISLAND OF HAWAII HAWAII Home of the CLHMS TM 2023 MARCH
8 2 5 5 5 8 6 8 10 7 12 21 11 10 9 0 1 0 0 0 0 1 1 2 2 0 1 1 0 5 $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 NA NA NA 0 16 0% 1,500 - 1,999 $1,300,000 3 2 1 15 7% 2,000 - 2,499 $1,635,000 4 3 2 15 13% 2,500 - 2,999 $1,100,000 4 3 1 13 8% 3,000 - 3,499 $1,125,000 3 2 1 7 14% 3,500+ $3,500,000 5 5 4 21 19%
SINGLE - FAMILY HOMES
INVENTORY
SALES
Luxury Benchmark Price 1: $1,100,000 Buyer's Market 127 Total Inventory: 14 Total Sales: 11% 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
LUXURY
VS.
| FEBRUARY 2023
ISLAND OF HAWAII SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY
Feb. 2022
Feb. 2023
60 127
VARIANCE: 112 %
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: - 55 % 31 14
SALE TO LIST PRICE RATIO
VARIANCE: - 3 % 99.41% 96.92%
SALES PRICE
VARIANCE: 21 % $1.49m $1.80m
DAYS ON MARKET
21 41
VARIANCE: 95 %
ISLAND OF HAWAII MARKET SUMMARY | FEBRUARY 2023
• The Island of Hawaii single-family luxury market is a Buyer's Market with a 11% Sales Ratio.
• Homes sold for a median of 96.92% of list price in February 2023.
• The most active price band is $1,100,000-$1,199,999, where the sales ratio is 56%
• The median luxury sales price for single-family homes is $1,800,000.
• The median days on market for February 2023 was 41 days, up from 21 in February 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 60 65 76 92 121 122 112 113 120 120 135 132 127 31 33 40 32 28 15 17 20 21 20 24 18 14 $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 $1,800,000 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
VARIANCE: - 1 % $754 $747 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
ISLAND OF HAWAII ATTACHED HOMES
3 4 3 1 1 5 4 10 5 1 5 3 6 3 6 2 1 0 0 0 0 0 0 0 2 0 2 2 2 1 $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 $1,000,000 13 6 1 3 33% 1,000 - 1,499 NA NA NA 0 15 0% 1,500 - 1,999 $1,450,000 3 2 3 11 27% 2,000 - 2,499 $1,150,000 3 2 3 12 25% 2,500 - 2,999 $4,739,000 4 4 2 5 40% 3,000+ $8,300,000 4 4 1 3 33%
Benchmark
1: $950,000 Balanced Market 60 Total Inventory: 12 Total Sales: 20% 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 | FEBRUARY 2023 Luxury
Price
ISLAND OF HAWAII ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY TOTAL SOLDS
26 60
VARIANCE: 131 %
SALE PRICE PER SQFT.
VARIANCE: - 17 % $971 $806
VARIANCE: - 50 % 24 12
SALE TO LIST PRICE RATIO
100.00% 99.19%
VARIANCE: - 1 %
SALES PRICE
VARIANCE: - 11 % $1.41m $1.25m
DAYS ON MARKET
VARIANCE: 143 % 7 17
ISLAND OF HAWAII MARKET SUMMARY | FEBRUARY 2023
• The Island of Hawaii attached luxury market is a Balanced Market with a 20% Sales Ratio.
• Homes sold for a median of 99.19% of list price in February 2023.
• The most active price band is $1,400,000-$1,599,999, where the sales ratio is 200%
• The median luxury sales price for attached homes is $1,251,250.
• The median days on market for February 2023 was 17 days, up from 7 in February 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.
26 24 26 38 50 55 47 52 51 51 63 72 60 24 34 35 36 30 19 16 14 7 13 11 10 12 $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 $1,251,250 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Solds Sale Price Inventory
Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
