3RD Quarter 2017
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compared to 22 last year. Months’ supply of inventory decreased by 33.1% to 17.7 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 21.4%, with 11 homes sold year to date compared to 14 last year. Months’ supply of inventory increased by 28.4% to 41.7 months.
Single-family home sales year to date priced from $1 to $2 million increased 9.4% compared to the same period in 2016, with 580 homes sold. This price point has 6.3 months’ supply of inventory, a decrease of 14.0 percent compared to last year at this time.
There were four single-family homes sold over $5 million in Q3, including homes in Diamond Head ($7,080,000), Kahala ($5,600,000), Hawaii Loa Ridge ($6,900,000) and Lanikai ($5,950,000).
For single-family homes in the $2 to $3 million range, sales increased by 15.8% to 88 homes sold, up from 76 for the same time period in 2016. Months’ supply of inventory decreased by 31.0% to 9.4 months.
And, thanks to the bulk closing of Park Lane Ala Moana, an astounding 28 additional luxury condominiums were recorded over $5 million in Q3 with prices ranging from $5,083,000 to $22,000,000.
Sales of single-family homes priced from $3 to $5 million increased by 59.1% compared to last year, with 35 homes sold year-to-date
The luxury condo market continues to have a strong year into the third quarter, as year-to-date figures show healthy increases.
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.
Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through August 31, 2017.
2016
2017
#
$
JAPAN
35
$46,539,145
JAPAN
#
$
135 8
2015
#
$
2014
#
$
$203,375,491
JAPAN
31
$10,419,000
$43,456,250
JAPAN
47
$63,383,000 $8,050,000
CHINA
3
$4,870,000
CANADA
HONG KONG
4
$5,183,725
KOREA
5
CANADA
2
$2,875,000
CHINA
6
$8,275,100
CANADA
4
$4,643,750
CHINA
4
$5,312,566
HONG KONG
2
$2,840,000
KOREA
3
$6,118,900
CHINA
3
$3,795,000
HONG KONG
4
$5,045,600
KOREA
1
$1,590,000
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
CANADA
3
$4,079,000
$2 MILLION +
Correction: 2017 $2 Million + figures were incorrectly overstated in the 2nd Quarter 2017 report.
2015
#
$
$333,303,959
JAPAN
18
$50,565,500
6
$22,209,744
CHINA
2
$7,400,000
CHINA
5
$20,949,835
HONG KONG
3
$14,159,050
SINGAPORE
4
$14,649,871
CANADA
$8,900,000
AUSTRALIA
2
$11,627,100
HONG KONG
2017
#
$
2016
#
$
JAPAN
26
$111,720,489
JAPAN
78
HONG KONG
4
$24,938,000
HONG KONG
SINGAPORE
3
$16,806,000
CHINA
3
CANADA
2
All Data from the HiCentral MLS, Ltd. Report © 2017 ShowingTime.
2014
#
$
JAPAN
38
$113,876,299
SINGAPORE
7
$45,290,355
$7,340,000
CHINA
4
$17,238,890
2
$6,183,750
AUSTRALIA
4
$14,498,800
1
$2,350,000
HONG KONG
1
$2,350,000
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