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 Q1 2025 priced from $2 to $3 million decreased 4.17% compared to Q1 2024, with 48 homes sold in the quarter as compared to 46 homes in the same period a year ago. Months’ supply of inventory increased 15.96% compared to last year, rising to 9.4 months in Q1 2025 from 10.9 months in Q1 2024. For single-family homes in the $3 to $5 million range, sales rose from 10 in Q1 2024 to 21 in Q1 2025, increasing 110.00% from the same time last year. Months’ supply of inventory decreased 48.29% to 12.1 months from 23.4 months last year.
In the $5 to $10 million range, 11 single-family homes sold in Q1 2025, a 57.14% increase from the 7 sold during the same quarter last year. Months’ supply of inventory decreased 22.0% to 17.7 months from 22.7 months in Q1 2024. One single-family homes sold at or above $10 million in Q1 2025, 80.00% less than the five homes sold in Q1 2024. The top sale was a home in Kahala that sold for $65,750,000 which shattered the previous record sales price for a residential home on Oahu by almost 3 times. The previous record was a home in Kailua that sold for $26,000,000 in 2024.. Months’ supply of inventory increased 221.43% from 16.8 months in Q1 2024 to 54 months in the first quarter of 2025. Condo sales in the $1 to $2.5 million range increased 39.34% in Q1 2025 from Q1 2024, with 85 closed sales in first quarter this year versus 61 closed sales in the first quarter last year. Months’ supply of inventory decreased 4.48% to 13.3 months from 15.7 months in Q1 2024. Continued on Page 2
FOREIGN INVESTMENT $1 - $2 MILLION
Source: Title Guaranty Hawaii, through December 2024
2024
#
$
2023
#
$
2022
#
$
2021
#
$
JAPAN
69
$104,696,950
JAPAN
80
$105,180,750
JAPAN
79
$106,959,566
JAPAN
64
$86,855,832
KOREA
25
$39,979,700
KOREA
7
$9,357,400
KOREA
27
$36,226,100
KOREA
11
$14,210,150
CANADA
4
$5,950,000
CANADA
4
$5,065,400
CANADA
15
$20,052,650
CANADA
7
$10,389,250
CHINA
3
$3,761,850
CHINA
4
$4,294,650
CHINA
9
$12,502,700
CHINA
6
$7,684,475
TAIWAN
2
$2,396,000
AMERICAN SAMOA
2
$2,700,000
TAIWAN
3
$3,389,000
GUAM
5
$7,255,150
2024
#
$
2023
#
$
2022
#
$
2021
#
$
JAPAN
62
$241,287,474
JAPAN
21
$85,552,000
JAPAN
23
$68,461,800
JAPAN
19
$80,643,283
KOREA
9
$25,945,903
CAYMAN ISLANDS
1
$27,500,000
KOREA
7
$30,364,460
KOREA
4
$20,150,000
CANADA
3
$8,580,033
KOREA
3
$7,338,000
TAIWAN
2
$13,700,000
CANADA
4
$14,175,200
GUAM
1
$5,300,000
TAIWAN
1
$3,000,000
CHINA
2
$11,550,000
HONG KONG
2
$10,150,000
CHINA
2
$4,035,700
PUERTO RICO
1
$2,800,000
HONG KONG
3
$8,613,600
TAIWAN
1
$4,050,000
$2 MILLION +
All Data from the HiCentral MLS, Ltd. Report
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