2ND Quarter 2017
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 through year-to-date (YTD) Q2 2017 priced from $1 to $2 million increased 16.4% compared to YTD Q2 2016, with 370 homes sold. This price point has 5.8 months’ supply of inventory, a decrease of 21.4 percent compared to last year at this time. For single-family homes in the $2 to $3 million range for YTD Q2 2017, sales increased by 9.8% to 56 homes sold, up from 51 for the same time period in 2016. Months’ supply of inventory decreased by 19.0% to 11.0 months.
Sales of single-family homes priced from $3 to $5 million increased by 37.5% compared to last year, with 22 homes sold YTD Q2 2107 compared to 16 for YTD Q2 2016. Months’ supply of inventory decreased by 33.3% to 17.6 months. Sales of single-family homes priced at $5 million or more decreased by 36.4% for YTD Q2 2017 compared to YTD Q2 2016, with seven homes sold versus 11 last year. Months’ supply of inventory increased by 28.4% to 41.7 months. During Q2 2017, there were three sales of $5 million or more, including two single-family homes in Lanikai and one in Honolulu’s Wailupe neighborhood. The luxury condo market through YTD Q2 2017 continued to show strong sales growth.
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FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, 2017
2016
#
$
135 8
CHINA KOREA
2017
#
$
JAPAN
87
$39,542,319
JAPAN
CANADA
6
$3,450,000
CANADA
CHINA
6
$2,690,000
KOREA
5
$2,195,000
HONG KONG
3
$1,865,500
2015
#
$
2014
#
$
$203,375,491
JAPAN
31
$10,419,000
HONG KONG
4
$43,456,250
JAPAN
47
$63,383,000
$5,183,725
KOREA
5
$8,050,000
6
$8,275,100
CANADA
3
$6,118,900
CHINA
4
$4,643,750
CHINA
4
$5,312,566
3
$3,795,000
HONG KONG
4
$5,045,600
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
CANADA
3
$4,079,000
2016
#
$
2015
#
$
2014
#
$
JAPAN
18
$50,565,500
JAPAN
38
$113,876,299
CHINA
2
$7,400,000
SINGAPORE
7
$45,290,355
HONG KONG
3
$7,340,000
CHINA
4
$17,238,890
CANADA
2
$6,183,750
AUSTRALIA
4
$14,498,800
HONG KONG
1
$2,350,000
HONG KONG
1
$2,350,000
$2 MILLION + 2017
#
$
JAPAN
11
$45,308,489
JAPAN
78
$333,303,959
CHINA
2
$9,400,000
HONG KONG
6
$22,209,744
SINGAPORE
2
$6,400,000
CHINA
5
$20,949,835
BELGIUM
1
$2,962,000
SINGAPORE
4
$14,649,871
All Data from the HiCentral MLS, Ltd. Report © 2017 ShowingTime.
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