Home of the CLHMS TM
ISLAND OF HAWAII HAWAII
www.LuxuryHomeMarketing.com
2022 NOVEMBER
$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
6 4 5 3 2 3 7 9 8 9 17 19 9 14 5 0 0 0 0 0 0 0 1 3 3 1 3 2 3 5
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $2,300,000 5 2 1 14 7% 1,500 - 1,999 $1,467,500 3 2 6 8 75% 2,000 - 2,499 $1,250,000 3 2 3 23 13% 2,500 - 2,999 $2,300,000 3 3 3 9 33% 3,000 - 3,499 $1,300,000 6 5 1 9 11% 3,500+ $1,890,000 5 4 2 19 11% ISLAND OF HAWAII SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 120 Total Inventory: 21 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 | OCTOBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 64 64 59 63 60 65 76 92 121 122 112 113 120 24 24 41 27 31 33 40 32 28 15 17 20 21 $2,225,000 $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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-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 96.03% of list price in October 2022. • The most active price band is $1,100,000-$1,199,999, where the sales ratio is 100% • The median luxury sales price for single-family homes is $1,525,000. • The median days on market for October 2022 was 50 days, up from 15 in October 2021. ISLAND OF HAWAII SINGLE FAMILY HOMES ISLAND OF HAWAII MARKET SUMMARY | OCTOBER 2022 VARIANCE: 88 % 64 120 Oct. 2021 Oct. 2022 TOTAL INVENTORY VARIANCE: 13 % 24 21 TOTAL SOLDS VARIANCE: 31 % $2.23m $1.53m SALES PRICE VARIANCE: 233 % 15 50 DAYS ON MARKET VARIANCE: 3 % 99.37% 96.03% SALE TO LIST PRICE RATIO VARIANCE: 2 % $729 $714 SALE PRICE PER SQFT. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 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
3 0 2 1 4 5 3 6 3 4 3 5 6 3 3 0 1 0 1 0 1 0 0 0 1 0 0 0 2 1
Inventory Sales ISLAND OF
ATTACHED
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 $2,470,000 2 2 1 6 17% 1,500 - 1,999 $1,050,000 3 2 1 6 17% 2,000 - 2,499 $1,077,000 3 2 1 13 8% 2,500 - 2,999 $1,535,000 4 2 1 5 20% 3,000+ NA NA NA 0 4 0% LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $950,000 Buyer's Market 51 Total Inventory: 7 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.
HAWAII
HOMES
32 32 29 25 26 24 26 38 50 55 47 52 51 29 17 20 24 24 34 35 36 30 19 16 14 7 $1,300,000 $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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-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: 76 % 29 7 VARIANCE: 18 % $1.30m $1.54m SALES PRICE VARIANCE: 650 % 4 30 DAYS ON MARKET VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 29 % $762 $542 SALE PRICE PER SQFT. ISLAND OF HAWAII MARKET SUMMARY | OCTOBER 2022 ISLAND OF HAWAII ATTACHED HOMES • The Island of Hawaii attached luxury market is a Buyer's Market with a 14% Sales Ratio. • Homes sold for a median of 100.00% of list price in October 2022. • The most active price band is $3,100,000-$3,499,999, where the sales ratio is 100% • The median luxury sales price for attached homes is $1,535,000. • The median days on market for October 2022 was 30 days, up from 4 in October 2021. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY TOTAL SOLDS