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
Five single-family homes sold at or above $10 million in Q1 2022—two in Diamond Head and one each in Kahala, Lanikai, and Makiki Heights. The top sale
recent real estate activity here on Oahu.
was at $19,600,000 for a home in Diamond Head. Months’ supply of inventory fell from 26.0 months in Q1 2021 to 16.5 months in the first quarter of 2022.
The Oahu luxury home market report is broken down into four single-family home categories and two condominium price segments. Single-family home sales for Q1 2022 priced from $2 to $3 million decreased 21.8% compared to Q1 2021, with 43 homes sold in the quarter versus 55 homes in the same period a year ago. Months’ supply of inventory decreased 34.1% compared to last year, down to 4.1 months from 6.3 months. For single-family homes in the $3 to $5 million range, sales rose from 23 in Q1 2021 to 33 in Q1 2022, 43.5% higher than the year prior. Months’ supply of inventory decreased 51.1% to 4.6 months from 9.4 months last year. In the $5 to $10 million range, 16 single-family homes sold in Q1 2022, 220% higher than the same quarter last year. Months’ supply of inventory declined by 42.5% to 8.0 months from 13.8 months in Q1 2021.
Condo sales in the $1 to $2.5 million range increased 123.1% in Q1 2022 from Q1 2021, with 145 closed sales in Q1 2022 versus 65 closed sales in the first quarter last year. Months’ supply of inventory was down 55.1% to 5.6 months from 12.6 months in Q1 2021. Sales for condos priced at $2.5 million and higher increased 20% in Q1 2022 compared to Q1 2021, from 15 sales during Q1 2021 to 18 sales during Q1 2022. Months’ supply of inventory decreased 60% compared to Q1 2021, from 22.5 months to 9.0 months in Q1 2022. Four condos sold at or above $5 million in Q1 2022, which included two units at Park Lane, one unit at Waiea, and one in Nauru Tower. The top sale was at $9,000,000 for a unit at Park Lane. Continued on Page 3
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through December 2021.
2021
#
$
JAPAN
64
KOREA
11
CANADA
2020
#
$
$86,855,832
JAPAN
9
$14,210,150
CANADA
3
7
$10,389,250
KOREA
CHINA
6
$7,684,475
GUAM
5
$7,255,150
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 + 2021
#
$
JAPAN
19
KOREA
4
CANADA HONG KONG TAIWAN
2020
#
$
$80,643,283
JAPAN
13
$48,241,333
JAPAN
33
$116,429,433
JAPAN
57
$220,699,504
$20,150,000
CANADA
4
$11,755,000
KOREA
4
$10,220,900
KOREA
5
$24,808,800
4
$14,175,200
SINGAPORE
2
$11,800,000
SINGAORE
2
$6,802,000
HONG KONG
3
$12,145,800
2
$10,150,000
GUAM
2
$6,925,000
CANADA
1
$3,635,000
SINGAPORE
2
$18,403,800
1
$4,050,000
NEW ZEALAND
2
$5,800,000
MALAYSIA
1
$2,400,000
CANADA
2
$5,848,800
All Data from the HiCentral MLS, Ltd. Report © 2022 ShowingTime.
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