SALES ACTIVITY SINGLE-FAMILY
CONDO
Year
$1 - 2 Million
$2 - 3 Million
$3 - 5 Million
$5 Million +
$800,000 $1 Million
$1 Million +
2011
320
39
28
9
75
113
2012
348
64
34
10
85
117
2013
471
64
32
14
120
150
2014
496
100
46
16
165
182
2015
609
84
43
18
213
164
2016 YTD
131
24
7
4
45
44
2011
$1.25
$2.35
$3.40
$6.10
$0.90
$1.55
2012
$1.26
$2.25
$3.51
$6.73
$0.90
$1.35
2013
$1.28
$2.35
$3.48
$9.00
$0.88
$1.31
2014
$1.26
$2.30
$3.86
$6.40
$0.88
$1.43
2015
$1.28
$2.37
$3.50
$7.95
$0.88
$1.32
2016 YTD
$1.21
$2.25
$3.60
$6.04
$0.85
$1.39
2011
8.4
19.1
18.6
37.6
10.3
15.7
2012
4.2
9.3
15.2
20.0
7.1
9.2
2013
7.0
14.8
20.2
21.0
7.7
14.2
2014
6.4
9.4
17.0
33.2
7.5
13.8
2015
6.1
17.8
22.0
37.8
8.3
18.8
2016 YTD
6.8
15.3
22.7
37.9
7.9
21.3
Metric
CLOSED SALES
MEDIAN SALES PRICE (in millions)
MONTHS SUPPLY OF INVENTORY
SINGLE FAMILY & CONDO $1 Million +
HISTORICAL GRAPH
Q1 2007
Q1 2010
Q1 2013
Q1 2016
Q1 2010
Q1 2013
Q1 2016
Closed Sales Median Sales Price Months Supply of Inventory
CONDOMINIUM $1 Million +
HISTORICAL GRAPH
Q1 2007
Closed Sales Median Sales Price Months Supply of Inventory All Data from the HiCentral MLS, Ltd. Powered by ShowingTime 10K.
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CONTINUED FROM PAGE 1
The luxury condo market for Q1 2016 was about even with the last two years. Sales in the $800 thousand to $1 million range were down 8.2% compared to Q1 2015, while months’ of inventory was up 5.7% to 7.9 months. Sales for condos priced at $1 million and higher decreased by 6.4% compared to last year at this time. The 44 closed sales may not have matched last year’s 47 sales, but it was still a nice increase over the 36 sales from the first quarter of 2014. Months’ of inventory increased to 21.3, an increase of 57.2% compared to Q1 2015.
Remember that every home and situation is unique. For specific guidance with your current or future home, visit listsothebysrealty.com. That’s the Oahu Quarterly Luxury Market Report for this quarter. Check back soon for the latest. Sign up for our monthly market newsletter and more at www.ListSothebysRealty.com. 日本語 www.ListHawaii-mls.com.
OAHU LUXURY NEIGHBORHOOD DETAIL Neighborhoods Aina Haina Beach
THROUGH FIRST QUARTER 2016
2016 YTD Median Sales Price
2015 Median Sales Price
2014 Median Sales Price
2013 Median Sales Price
2012 Median Sales Price
2011
–
$1,395,000
$2,700,000
$900,000
–
$2,000,000
Beachside
$3,075,000
$2,217,500
$1,922,500
$1,807,500
$1,615,000
$1,687,500
Black Point
$2,175,000
$3,350,000
$1,800,000
$6,200,000
$2,400,000
$2,210,000
Diamond Head
$2,668,000
$2,875,000
$2,288,888
$2,200,000
$2,150,000
$2,062,500
Dowsett
$1,065,000
$1,255,000
$1,333,000
$1,015,000
$977,500
$1,155,000
Hawaii Loa Ridge
$2,250,000
$2,100,000
$2,540,000
$1,946,500
$1,781,000
$1,590,000
–
$1,061,000
$974,500
$1,200,000
$917,875
$980,000
Hillcrest Kahala Area
$2,338,000
$2,200,000
$2,200,000
$1,940,000
$1,925,000
$1,790,000
Kamehame Ridge
$1,175,000
$1,152,500
$830,000
$1,268,888
$1,250,000
$1,000,300
Koko Kai
$2,185,000
$2,425,000
$2,520,000
$1,990,000
$2,200,000
$1,701,250
Lanikai
$2,875,000
$1,807,500
$2,745,750
$1,665,000
$1,525,000
$1,295,000
Makiki Heights
$1,512,500
$1,575,000
$1,590,000
$1,125,000
$1,078,578
$1,875,000
$950,000
$1,214,617
$999,000
$1,150,000
$999,999
$975,000
Manoa Area Manoa-Woodlawn
$950,000
$1,134,750
$1,126,500
$1,049,500
$949,000
$815,000
Maunalani Heights
$1,255,000
$1,100,000
$981,500
$1,150,000
$950,000
$1,425,000
Napali Haweo
$1,315,000
$1,650,000
$1,660,000
$1,670,000
$1,900,000
$1,407,500
Niu Beach
–
$3,420,000
$2,408,000
$4,050,000
$1,850,000
$2,400,000
$1,101,130
$999,000
$1,330,750
$752,500
$950,000
$720,000
$870,000
$1,155,000
$2,400,000
$1,050,000
$2,270,000
$3,150,000
Portlock
–
$2,700,000
–
$2,875,000
$3,100,000
$3,175,000
Puupanini
–
$998,500
$1,299,000
$872,000
$970,000
$1,162,500
Tantalus
–
$1,700,000
$1,050,000
$1,108,000
$770,000
$1,200,000
Triangle
$1,500,000
$1,312,500
$1,225,000
$1,215,000
$1,059,500
$919,500
–
$2,410,000
$2,125,000
$3,350,000
$1,530,000
$4,650,000
$1,690,000
$1,630,000
$1,625,000
$1,487,500
$1,294,375
$1,250,000
Pacific Heights Paiko Lagoon
Waialae Golf Course Waialae Iki Waialae Nui Ridge
$1,210,000
$1,362,500
$1,248,888
$1,220,000
$1,040,000
$940,000
Wailupe Area
$2,100,000
$1,770,000
$2,200,000
$1,775,000
$1,900,000
$1,350,000
dash = no sales in the time period
All Data from the HiCentral MLS, Ltd. Powered by ShowingTime 10K.
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LIST Sotheby’s International Realty 4211 Waialae Avenue, Suite 100 | Honolulu, HI 96816 (808) 735-2411
ARTFULLY UNITING EXTRAORDINARY HOMES WITH EXTRAORDINARY LIVES®
CLOSED SALES SINGLE FAMILY
CONDOMINIUM
$1 - $2 MILLION 609 471 320
$800 THOUSAND - $1 MILLION
$2 - $3 MILLION
213
100
496
84 64
348
165
64
120
39 24
131
2011
+8.7%
+35.3%
+5.3%
+22.8%
-78.5%
2012
2013
2014
2015
2016 YTD
$3 - $5 MILLION
28
0.0%
+56.3%
-16.0%
-71.4%
2012
2013
2014
2015
2016 YTD
$5 MILLION + 46
34
2011
+64.1%
14 9
16
+21.4%
-5.9%
+43.8%
-6.5%
-83.7%
2012
2013
2014
2015
2016 YTD
45
2011
+13.3%
+41.2%
+37.5%
+29.1%
-78.9%
2012
2013
2014
2015
2016 YTD
182
18
150 113
10
164
117
44
4
7 2011
85
$1 MILLION +
43
32
75
2011
+11.1%
+40.0%
+14.3%
+12.5%
-77.8%
2012
2013
2014
2015
2016 YTD
All Data from the HiCentral MLS, Ltd. Powered by ShowingTime 10K.
2011
+3.5%
+28.2%
+21.3%
-9.9%
-73.2%
2012
2013
2014
2015
2016 YTD
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