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. The Oahu luxury home market report is broken down into four singlefamily home categories and two condominium price segments. Single-family home sales for Q3 2021 priced from $1 to $2 million increased 95.4% compared to Q3 2020, with 549 homes sold in the quarter versus 281 homes in the same period a year ago. Months’ supply of inventory decreased 40.1% compared to last year, down to 2.8 months from 4.7 months. For single-family homes in the $2 to $3 million range, sales rose from 32 in Q3 2020 to 77 in Q3 2021, 140.6% higher than the year prior. Months’ supply of inventory decreased 63% to 4.1 months from 11.1 months last year.
In the $3 to $5 million range, 32 single-family homes sold in Q3 2021, 39.1% higher than the same quarter last year. Months’ supply of inventory declined by more than half to 6.5 months from 14.6 months in Q3 2020. Eleven single-family homes sold at or above $5 million in Q3 2021, an increase of 57.1% from the seven sold in Q3 2020. Months’ supply of inventory fell from 25.6 months in Q3 2020 to 13.9 months in the third quarter of 2021. As for condominiums, there were three sales in Q3 at or above $5 million which includes units at Park Lane, Waikiki Shore, and Hokua at 1288 Ala Moana. The unit at Park Lane was the top sale at $9,999,999. Sales in the $800 thousand to $1 million range increased a stunning 352.9% in Q3 2021 from Q3 2020, with 154 closed sales in Q3 2021 versus 34 closed sales in the third quarter last year. Months’ supply of inventory was down 65.1% to 3.5 months from 10.1 months in Q3 2020. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through June 2021.
2021
#
$
JAPAN
13
KOREA
5
CANADA
2020
#
$
$10,505,000
JAPAN
9
$3,020,000
CANADA
3
4
$1,205,000
KOREA
HONG KONG
1
$1,275,000
CHINA
1
$1,000,000
2019
#
$
$14,331,133
JAPAN
68
$98,359,775
$3,689,000
KOREA
10
2
$3,030,000
HONG KONG
5
UNITED KINGDOM
1
$1,925,000
CANADA
SINGAPORE
1
$1,803,100
2018
#
$
JAPAN
133
$188,796,404
$14,187,000
KOREA
9
$13,176,500
$8,809,000
TAIWAN
8
$10,728,600
4
$6,106,000
CANADA
8
$10,575,100
TAIWAN
2
$2,443,000
CHINA
5
$6,057,400
2019
#
$
2018
#
$
$2 MILLION + 2020
#
$
JAPAN
10
TAIWAN GUAM
2020
#
$
$39,306,000
JAPAN
13
$48,241,333
JAPAN
33
$116,429,433
JAPAN
57
$220,699,504
1
$4,050,000
CANADA
4
$11,755,000
KOREA
4
$10,220,900
KOREA
5
$24,808,800
1
$3,620,000
SINGAPORE
2
$11,800,000
SINGAORE
2
$6,802,000
HONG KONG
3
$12,145,800
SINGAPORE
1
$2,950,000
GUAM
2
$6,925,000
CANADA
1
$3,635,000
SINGAPORE
2
$18,403,800
HONG KONG
1
$2,850,000
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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