Oahu Luxury Real Estate - Q1 2016

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.

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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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