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.
In the $3 to $5 million range, 31 single-family homes sold in Q2 2021, 342.9% higher than the same quarter last year. Months’ supply of inventory declined 60.9% to 7.2 months from 18.4 months in Q2 2020.
The Oahu luxury home market report is broken down into four singlefamily home categories and two condominium price segments.
Eleven single-family homes sold at or above $5 million in Q2 which includes five in Windward Oahu, three in the Kahala area, two in East Oahu and one in Niu Beach. The top sale was at $9,000,000 for a home in Beachside.
Single-family home sales for Q2 2021 priced from $1 to $2 million increased 148.9% compared to Q2 2020, with 443 homes sold in the quarter versus 178 homes in the same period a year ago. Months’ supply of inventory decreased 50.7% compared to last year, down to just 2.8 months of inventory. For single-family homes in the $2 to $3 million range, sales climbed from 15 in Q2 2020 to 88 in Q2 2021, an impressive increase of 486.7% from the year prior. Months’ supply of inventory decreased 71.4% to 3.9 months for the quarter.
As for condominiums, there were three sales in Q2 at or above $5 million which includes units at The Ritz-Carlton Residences, 3003 Kalakaua, and Park Lane. The unit at The Ritz-Carlton Residences was the top sale at $6,498,000. Sales in the $800 thousand to $1 million range increased 115.9% in Q2 2021 from Q2 2020, with 95 closed sales in Q2 2021 versus 44 closed sales in the second quarter last year. Months’ supply of inventory was down 43.5% to 5.4 months from 9.5 months in Q2 2020. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through March 2021.
2021
#
$
JAPAN
8
CANADA
2
KOREA
1
2020
#
$
$10,505,000
JAPAN
9
$3,020,000
CANADA
3
$1,205,000
KOREA
2019
#
$
$14,331,133
JAPAN
68
$98,359,775
$3,689,000
KOREA
10
$14,187,000
2
$3,030,000
HONG KONG
5
UNITED KINGDOM
1
$1,925,000
CANADA
4
SINGAPORE
1
$1,803,100
TAIWAN
2018
#
$
JAPAN
133
$188,796,404
KOREA
9
$13,176,500
$8,809,000
TAIWAN
8
$10,728,600
$6,106,000
CANADA
8
$10,575,100
2
$2,443,000
CHINA
5
$6,057,400
2019
#
$
2018
#
$
$2 MILLION + 2020
#
$
JAPAN
3
HONG KONG
1
KOREA
1
2020
#
$
$16,500,000
JAPAN
13
$48,241,333
JAPAN
33
$116,429,433
JAPAN
57
$220,699,504
$2,850,000
CANADA
4
$11,755,000
KOREA
4
$10,220,900
KOREA
5
$24,808,800
$2,850,000
SINGAPORE
2
$11,800,000
SINGAORE
2
$6,802,000
HONG KONG
3
$12,145,800
GUAM
2
$6,925,000
CANADA
1
$3,635,000
SINGAPORE
2
$18,403,800
NEW ZEALAND
2
$5,800,000
MALAYSIA
1
$2,400,000
CANADA
2
$5,848,800
All Data from the HiCentral MLS, Ltd. Report © 2021 ShowingTime.
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