4TH Quarter 2017
Aloha
37 sold in 2016. Months’ supply of inventory decreased by 44.0% to 14.8 months.
Our report breaks the Oahu luxury home market into four singlefamily home and two condominium price segments.
Sales of single-family homes priced at $5 million or more decreased by 12.5%, with 14 homes sold compared to 16 last year. Months’ supply of inventory increased by 17.3% to 38.1 months.
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.
Single-family home sales priced from $1 to $2 million increased 11.8% in 2017 compared to 2016, with 794 homes sold. This price point finished the year at 4.8 months’ supply of inventory, a decrease of 34.8 percent from last year. For single-family homes in the $2 to $3 million range, sales increased by 13.1% to 112 homes sold, up from 99 in 2016. Months’ supply of inventory decreased by 19.3% to 11.0 months. Sales of single-family homes priced from $3 to $5 million increased by 37.8% compared to last year, with 51 homes sold in 2017 versus
Three single-family homes sold at or above $5 million in Q4, including three Kahala / Diamond Head residences that sold between $6,388,000 and $11,500,000. As for condominiums, thanks to bulk closings in two new Honolulu condominiums – Park Lane and Anaha – 31 other sales closed between $5,025,000 and $8,049,000. The luxury condo market had a strong year, with closed sales achieving a sustained surge that carried through all the way to the end of 2017. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through November 30, 2017.
2016
#
$
135
CANADA
$4,430,000
CHINA
2017
#
$
JAPAN
71
$95,891,729
JAPAN
CHINA
10
$14,214,165
KOREA
3
2015
#
$
2014
#
$
$203,375,491
JAPAN
31
8
$10,419,000
HONG KONG
4
$43,456,250
JAPAN
47
$63,383,000
$5,183,725
KOREA
5
6
$8,275,100
CANADA
4
$8,050,000
$4,643,750
CHINA
4
$5,312,566
CANADA
2
$2,875,000
KOREA
3
$6,118,900
CHINA
3
$3,795,000
HONG KONG
4
$5,045,600
HONG KONG
2
$2,840,000
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
CANADA
3
$4,079,000
2016
#
$
2015
#
$
2014
#
$
JAPAN
78
$333,303,959
JAPAN
18
$50,565,500
JAPAN
38
$113,876,299
$2 MILLION + 2017
#
$
JAPAN
49
$200,751,006
HONG KONG
9
$46,128,353
HONG KONG
6
$22,209,744
CHINA
2
$7,400,000
SINGAPORE
7
$45,290,355
SINGAPORE
6
$28,722,786
CHINA
5
$20,949,835
HONG KONG
3
$7,340,000
CHINA
4
$17,238,890
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
CANADA
2
$6,183,750
AUSTRALIA
4
$14,498,800
CANADA
3
$11,528,150
AUSTRALIA
2
$11,627,100
HONG KONG
1
$2,350,000
HONG KONG
1
$2,350,000
All Data from the HiCentral MLS, Ltd. Report © 2018 ShowingTime.
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