www.LuxuryHomeMarketing.com ISLAND OF HAWAII HAWAII Home of the CLHMS TM 2022 SEPTEMBER
$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 2 3 2 2 3 7 11 7 11 10 20 9 10 9 3 0 1 0 0 0 0 1 0 1 4 2 1 1 3 $9,000,000+
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 NA NA NA 0 12 0% 1,500 - 1,999 $1,375,000 3 2 5 15 33% 2,000 - 2,499 $1,762,500 4 3 2 20 10% 2,500 - 2,999 NA NA NA 0 9 0% 3,000 - 3,499 $2,100,000 4 3 1 8 13% 3,500+ $13,850,000 5 5 2 18 11% ISLAND OF HAWAII SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $1,100,000 Balanced Market 112Total Inventory: 17Total Sales: 15%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 | AUGUST 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 53 60 64 64 59 63 60 65 76 92 121 122 112 27 28 24 24 41 27 31 33 40 32 28 15 17 $1,630,000 $1,990,000 $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 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-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 15% Sales Ratio. • Homes sold for a median of 95.45% of list price in August 2022. • The most active price band is $9,000,000+, where the sales ratio is 50% • The median luxury sales price for single-family homes is $1,800,000. • The median days on market for August 2022 was 26 days, up from 21 in August 2021. ISLAND OF HAWAII SINGLE FAMILY HOMES ISLAND OF HAWAII MARKET SUMMARY | AUGUST 2022 VARIANCE: 111 % 53 112 Aug. 2021 Aug. 2022 TOTAL INVENTORY VARIANCE: 37 % 27 17 TOTAL SOLDS VARIANCE: 10 % $1.63m $1.80m SALES PRICE VARIANCE: 24 % 21 26 DAYS ON MARKET VARIANCE: 4 % 99.38% 95.45% SALE TO LIST PRICE RATIO VARIANCE: 4 % $741 $770 SALE PRICE PER SQFT. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022
$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
2 0 2 2 4 5 1 6 1 3 4 4 6 4 3 2 0 0 0 0 0 1 3 1 2 2 3 1 1 0 $4,500,000+
Inventory Sales ISLAND OF HAWAII ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 NA NA NA 0 4 0% 1,000 - 1,499 $1,333,750 2 2 2 7 29% 1,500 - 1,999 $1,262,500 3 2 2 7 29% 2,000 - 2,499 $1,515,000 4 2 4 12 33% 2,500 - 2,999 $1,275,000 4 3 1 5 20% 3,000+ $4,750,000 4 4 2 3 67% LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $950,000 Seller's Market 47Total Inventory: 16Total Sales: 34%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.
35 34 32 32 29 25 26 24 26 38 50 55 47 16 18 29 17 20 24 24 34 35 36 30 19 16 $1,340,000 $1,625,000 $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 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 SoldsSale 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: 34 % 35 47 VARIANCE: 0 % 16 16 VARIANCE: 11 % $1.34m $1.48m SALES PRICE VARIANCE: 100 % 4 8 DAYS ON MARKET VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 7 % $715 $767 SALE PRICE PER SQFT. ISLAND OF HAWAII MARKET SUMMARY | AUGUST 2022 ISLAND OF HAWAII ATTACHED HOMES • The Island of Hawaii attached luxury market is a Seller's Market with a 34% Sales Ratio. • Homes sold for a median of 100.00% of list price in August 2022. • The most active price band is $4,500,000+, where the sales ratio is 100% • The median luxury sales price for attached homes is $1,483,750. • The median days on market for August 2022 was 8 days, up from 4 in August 2021. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY TOTAL SOLDS