4th Quarter 2018
Aloha
and welcome to The Quarterly Luxury Market Report from List Sotheby’s International Realty, where we take a closer look at the most recent real estate activity here on Oahu. Our report breaks the Oahu luxury home market into four singlefamily home and two condominium price segments. Single-family home sales for Q4 2018 priced from $1 to $2 million decreased 4.7% compared to Q4 2017, with 205 homes sold. Months’ supply of inventory dropped 18.1% compared to last year at this time to 6.0 months. For single-family homes in the $2 to $3 million range, sales decreased by 4.3% to 22 homes sold, nearly even with the mark of 23 for both Q4 2017 and Q4 2016. Months’ supply of inventory decreased 13.8% to 11.8 months for the quarter. Single-family home sales priced from $3 to $5 million decreased by 6.7% compared to last year to 14 homes sold, closely resembling
the 15 homes sold in Q4 2017 and Q4 2016. Months’ supply of inventory had a year-over-year decrease of 30.6% to 18.3 months, which was approximately the same value and percentage change as last quarter. Five single-family homes sold at or above $5 million in Q4 2018, including three East Oahu homes and two Windward Oahu homes. The top sale was at $15,845,000 for an oceanfront residence in Aina Haina. As for condominiums, five units closed in the fourth quarter at or above $5 million. Three units closed at Park Lane, including the highest sale this quarter at $23,500,000. Sales in the $800 thousand to $1 million range for Q4 2018 were down 48.4% compared to Q4 2017. The 49 closed sales landed firmly behind last year’s 95 sales. Months’ supply of inventory was up 39.1% to 7.1 months. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through July 2018.
2017
#
$
$53,810,900
JAPAN
82
$111,518,829
JAPAN
10
$14,214,165
2018
#
$
JAPAN
38
2016
#
$
2015
#
$
135
$203,375,491
JAPAN
31
$43,456,250
CANADA
24
$31,257,950
CHINA
CANADA
8
$10,419,000
HONG KONG
4
$5,183,725
KOREA
3
$3,895,000
KOREA
3
$4,430,000
CHINA
6
$8,275,100
CANADA
4
$4,643,750
GUAM
2
$2,915,833
TAIWAN
3
$3,466,758
KOREA
3
$6,118,900
CHINA
3
$3,795,000
SWITZERLAND
1
$1,585,000
CANADA
2
$2,875,000
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
2018
#
$
2017
#
$
2016
#
$
2015
#
$
JAPAN
36
$143,284,200
JAPAN
63
$268,891,006
JAPAN
78
$333,303,959
JAPAN
18
$50,565,500
CANADA
17
$76,212,721
HONG KONG
11
$66,957,353
HONG KONG
6
$22,209,744
CHINA
2
$7,400,000
KOREA
3
$11,228,800
SINGAPORE
7
$33,980,786
CHINA
5
$20,949,835
HONG KONG
3
$7,340,000
SINGAPORE
1
$16,250,000
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
CANADA
2
$6,183,750
HONG KONG
1
$6,547,000
KOREA
5
$15,740,000
AUSTRALIA
2
$11,627,100
HONG KONG
1
$2,350,000
$2 MILLION +
All Data from the HiCentral MLS, Ltd. Report © 2019 ShowingTime.
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