2nd Quarter 2018
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 for Q2 2018 priced from $1 to $2 million increased 3.6% compared to Q2 2017, with 229 homes sold. Months’ supply of inventory dropped 13.4% compared to last year at this time to 6.4 months. Supply continues its multiyear downward trend for single-family homes at this price point. For single-family homes in the $2 to $3 million range, sales decreased by 7.4% to 25 homes sold, down from 27 for the last two years. Months’ supply of inventory decreased 4.2% to 13.1 months for the quarter.
Single-family home sales priced from $3 to $5 million decreased by 33.3% compared to last year. Months’ supply of inventory had the largest decrease of all supply measures, down 44.2% to 14.7 months. Six single-family homes sold at or above $5 million during Q2-2018, including two East Oahu homes and three Windward Oahu homes, with the top sale at $18,800,000 for a Beachside oceanfront residence. As for condominiums, six units closed in the second quarter above $5 million, including three at Park Lane and the highest condominium sale this quarter, a $7,495,000 penthouse at Anaha. The luxury condo market for Q2 2018 is only 26 units off of l ast year’s sales pace. Sales in the $800 thousand to $1 million range were up 32.8% compared to Q2 2017. The 89 closed sales were well ahead of last year’s 67 sales. Months’ supply of inventory was down 5.1% to 5.9 months. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through April 30, 2018.
2017
#
$
$31,124,888
JAPAN
82
$111,518,829
JAPAN
10
$14,214,165
2018
#
$
JAPAN
22
2016
#
$
2015
#
$
135
$203,375,491
JAPAN
31
$43,456,250
GUAM
1
$1,590,826
CHINA
CANADA
8
$10,419,000
HONG KONG
4
$5,183,725
GERMANY
1
$1,550,000
KOREA
3
$4,430,000
CHINA
6
$8,275,100
CANADA
4
$4,643,750
TAIWAN
3
$3,466,758
KOREA
3
$6,118,900
CHINA
3
$3,795,000
CANADA
2
$2,875,000
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
2017
#
$
2016
#
$
2015
#
$
JAPAN
78
$333,303,959
JAPAN
18
$50,565,500
$2 MILLION + 2018
#
$
JAPAN
11
$34,893,600
JAPAN
63
$268,891,006
SINGAPORE
1
$16,250,000
HONG KONG
11
$66,957,353
HONG KONG
6
$22,209,744
CHINA
2
$7,400,000
HONG KONG
1
6,547,000
SINGAPORE
7
$33,980,786
CHINA
5
$20,949,835
HONG KONG
3
$7,340,000
CANADA
1
2,600,000
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
CANADA
2
$6,183,750
KOREA
5
$15,740,000
AUSTRALIA
2
$11,627,100
HONG KONG
1
$2,350,000
All Data from the HiCentral MLS, Ltd. Report © 2018 ShowingTime.
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