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.
the 11 homes sold in Q1 2018 and eight homes sold in Q1 2017. Months’ supply of inventory had a year-over-year increase of 33.9% to 17.1 months.
Our report breaks the Oahu luxury home market into four singlefamily home and two condominium price segments.
Five single family homes sold at or above $5 million in Q1 2019 including four East Oahu homes and one Windward Oahu homes. The top sale was at $12,000,000 for a beachfront residence in Diamond Head.
Single-family home sales for Q1 2019 priced from $1 to $2 million decreased 1.1% compared to Q1 2018, with 172 homes sold. Months’ supply of inventory increased 20.0% compared to last year at this time to 6.3 months. For single-family homes in the $2 to $3 million range, sales decreased by 11.1% to 16 homes sold, nearly even with the mark of 18 from the year prior. Months’ supply of inventory increased 8.6% to 12.6 months for the quarter. Single-family home sales priced from $3 to $5 million decreased by 18.2% compared to last year’s nine homes sold, closely resembling
As for condominiums, two units closed in the first quarter at or above $5 million. One unit sold at Park Lane and one unit sold at Waiea, which was the highest sale at $7,287,500. Sales in the $800 thousand to $1 million range for Q1 2019 were down 14.3% compared to Q1 2018. The 60 closed sales landed behind last year’s 70 sales. Months’ supply of inventory was up 65.0% to 9.2 months.
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FOREIGN INVESTMENT $1 - $2 MILLION 2018 JAPAN
Source: Title Guaranty Hawaii, through December 2018.
2017
#
$
$188,796,404
JAPAN
82
$111,518,829
JAPAN
10
$14,214,165
#
$
133
2016
#
$
2015
#
$
135
$203,375,491
JAPAN
31
$43,456,250
KOREA
9
$13,176,500
CHINA
CANADA
8
$10,419,000
HONG KONG
4
$5,183,725
TAIWAN
8
$10,728,600
KOREA
3
$4,430,000
CHINA
6
$8,275,100
CANADA
4
$4,643,750
CANADA
8
$10,575,100
TAIWAN
3
$3,466,758
KOREA
3
$6,118,900
CHINA
3
$3,795,000
CHINA
5
$6,057,400
CANADA
2
$2,875,000
HONG KONG
4
$5,241,800
KOREA
2
$2,370,000
2018
#
$
2017
#
$
2016
#
$
2015
#
$
JAPAN
57
$220,699,504
JAPAN
63
$268,891,006
JAPAN
78
$333,303,959
JAPAN
18
$50,565,500
KOREA
5
$24,808,800
HONG KONG
11
$66,957,353
HONG KONG
6
$22,209,744
CHINA
2
$7,400,000
HONG KONG
3
$12,145,800
SINGAPORE
7
$33,980,786
CHINA
5
$20,949,835
HONG KONG
3
$7,340,000
SINGAPORE
2
$18,403,800
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
CANADA
2
$6,183,750
CANADA
2
$5,848,800
KOREA
5
$15,740,000
AUSTRALIA
2
$11,627,100
HONG KONG
1
$2,350,000
$2 MILLION +
All Data from the HiCentral MLS, Ltd. Report © 2019 ShowingTime.
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