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.
Nineteen single-family home sales priced from $3 to $5 million sold in Q4 2020, up 46.2% from the same quarter last year. Months’ supply of inventory declined to 12.2 months from 18.8 months in Q4 2019.
The Oahu luxury home market report is listed into four single-family home categories and two condominium price segments.
Nine single-family homes sold at or above $5 million in Q4 which includes 3 Windward Oahu homes and 6 East Oahu homes. The top sale was at $12,500,000 for a home in Lanikai.
Single-family home sales for Q4 2020 priced from $1 to $2 million increased 48.9% compared to Q4 2019, with 329 homes sold in the quarter versus 221 homes in the same period a year ago. With the increase in sales, months’ supply of inventory decreased 34.6% compared to last year to 3.7 months. For single-family homes in the $2 to $3 million range, sales increased from 26 in Q4 2019 to 42 for Q4 2020, an increase of 61.5% from the year prior. Months’ supply of inventory decreased 31.6% to 8.7 months for the quarter.
As for condominiums, there was one sale in Q4 at or above $5 million which was a unit at Park Lane that sold for $7,300,000. Sales in the $800 thousand to $1 million range increased 20% in Q4 2020 from Q4 2019, with 60 closed sales in Q4 2020 versus 50 closed sales in the fourth quarter last year. Months’ supply of inventory was down 6.3% to 7.8 months.
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FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through September 2020.
2020
#
$
JAPAN
9
CANADA
3
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
SINGAPORE
1
$1,803,100
TAIWAN
2018
#
$
JAPAN
133
KOREA
9
$8,809,000
TAIWAN
4
$6,106,000
CANADA
2
$2,443,000
2017
#
$
$188,796,404
JAPAN
82
$111,518,829
$13,176,500
CHINA
10
$14,214,165
8
$10,728,600
KOREA
3
$4,430,000
8
$10,575,100
TAIWAN
3
$3,466,758
CHINA
5
$6,057,400
CANADA
2
$2,875,000
2018
#
$
2017
#
$
$2 MILLION + 2020
#
$
JAPAN
11
SINGAPORE
2
CANADA NEW ZEALAND HONG KONG
2019
#
$
$44,041,333
JAPAN
33
$116,429,433
JAPAN
57
$220,699,504
JAPAN
63
$268,891,006
$11,800,000
KOREA
4
$10,220,900
KOREA
5
$24,808,800
HONG KONG
11
$66,957,353
2
$4,575,000
SINGAORE
2
$6,802,000
HONG KONG
3
$12,145,800
SINGAPORE
7
$33,980,786
2
$5,800,000
CANADA
1
$3,635,000
SINGAPORE
2
$18,403,800
CHINA
4
$16,244,754
1
$5,850,000
MALAYSIA
1
$2,400,000
CANADA
2
$5,848,800
KOREA
5
$15,740,000
All Data from the HiCentral MLS, Ltd. Report © 2021 ShowingTime.
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