Aloha
and welcome to The Oahu 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 single-family home and two condominium price segments. Single-family home sales for Q3 2019 priced from $1 to $2 million decreased 2.5% compared to Q3 2018, with 234 homes sold. Months’ supply of inventory increased 6.8% compared to last year at this time to 7.2 months. For single-family homes in the $2 to $3 million range, sales were even with the mark of 31 from the year prior. Months’ supply of inventory increased 18.3% to 14.8 months for the quarter.
The twelve single-family home sales priced from $3 to $5 million was an increase of 9.1% compared to last year’s eleven homes sold. Months’ supply of inventory had a year-over-year increase of 8.4% to 20.2 months. Eight single-family homes sold at or above $5 million in Q3 2019, including four East Oahu homes and four Windward Oahu homes. The top sale was at $14,800,000 for a home in Lanikai. As for condominiums, two units closed in Q3 2019 at or above $5 million. The top sale was at $10,000,000 for a unit at Park Lane. Sales in the $800 thousand to $1 million range for Q3 2019 were down 5.2% compared to Q3 2018. The 73 closed sales lagged last year’s 77 sales. Months’ supply of inventory was up 59.7% to 8.7 months. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through September 2019.
#
$
JAPAN
133
KOREA
9
$8,809,000
TAIWAN
3
$4,351,000
2
$2,443,000
1
$1,402,000
2019
#
$
JAPAN
50
$72,839,775
KOREA
7
$9, 971,000
HONG KONG
5
CANADA TAIWAN CHINA
2018
2017
#
$
2016
#
$
$188,796,404
JAPAN
82
$111,518,829
JAPAN
$13,176,500
CHINA
10
$14,214,165
CANADA
135
$203,375,491
8
8
$10,728,600
KOREA
3
$4,430,000
CHINA
$10,419,000
6
$8,275,100
CANADA
8
$10,575,100
TAIWAN
3
$3,466,758
KOREA
3
$6,118,900
CHINA
5
$6,057,400
CANADA
2
$2,875,000
HONG KONG
4
$5,241,800
2018
#
$
2017
#
$
2016
#
$
JAPAN
57
$220,699,504
JAPAN
63
$268,891,006
JAPAN
78
$333,303,959
KOREA
5
$24,808,800
HONG KONG
11
$66,957,353
HONG KONG
6
$22,209,744
HONG KONG
3
$12,145,800
SINGAPORE
7
$33,980,786
CHINA
5
$20,949,835
SINGAPORE
2
$18,403,800
CHINA
4
$16,244,754
SINGAPORE
4
$14,649,871
CANADA
2
$5,848,800
KOREA
5
$15,740,000
AUSTRALIA
2
$11,627,100
$2 MILLION + 2019
#
$
JAPAN
26
$91,626,433
KOREA
3
$7,940,900
SINGAPORE
2
$6,802,000
MALAYSIA
1
$2,400,000
All Data from the HiCentral MLS, Ltd. Report © 2019 ShowingTime.
Visit www.ListSothebysRealty.com | 1