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.
In the $5 to $10 million range, eight single-family homes sold in Q2 2024, two fewer than the ten homes sold during the same quarter last year. Months’ supply of inventory decreased 20.8% to 14.1 months from 17.8 months in Q2 2023. There was one single-family home sold at or above $10 million in Q2 2024, which is one more than the zero sold in Q2 2023.
Single-family home sales for Q2 2024 priced from $2 to $3 million increased 8.3% compared to Q2 2023, with 52 homes sold in the quarter as compared to 48 homes in the same period a year ago.
Months’ supply of inventory increased 37.5%, from 12.0 months in Q2 2023 to 16.5 months in the second quarter of 2024.
Months’ supply of inventory increased 22.4% compared to last year, rising to 7.1 months in Q2 2024 from 5.8 months in Q2 2023.
Condo sales in the $1 to $2.5 million range increased 26.3% in Q2 2024 from Q2 2023, with 120 closed sales in second quarter this year versus 95 closed sales in the second quarter last year.
For single-family homes in the $3 to $5 million range, sales rose from 14 in Q2 2023 to 20 in Q2 2024, increasing 42.9% from the same time last year. Months’ supply of inventory increased 19.8% to 12.7 months from 10.6 months last year.
Months’ supply of inventory increased 15.1% to 10.7 months from 9.3 months in Q2 2023.
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FOREIGN INVESTMENT $1 - $2 MILLION 2024
#
JAPAN TAIWAN CHINA
Source: Title Guaranty Hawaii, through March 2024
$
2023
#
4
$5,029,000
JAPAN
2
$2,700,000
KOREA
1
$7.360.800
$
2022
#
$
2021
#
$
92
$5,029,000
JAPAN
49
$65,003,850
JAPAN
64
$86,855,832
8
$11.082.400
KOREA
21
$28,081,200
CANADA
11
$14,210,150
CANADA
6
$7.360.800
CANADA
15
$20,052,650
KOREA
7
$10,389,250
CHINA
4
$4,294,650
TAIWAN
3
$3,389,000
UNITED KINDOM
6
$7,684,475
AMERICAN SAMOA
2
$2,700,000
GUAM
2
$2,315,000
SINGAPORE
5
$7,255,150
$2 MILLION + 2024
#
$
2023
#
$
2022
#
$
2021
#
$
JAPAN
10
$108,580,000
JAPAN
26
$102,572,000
JAPAN
13
$40,011,000
JAPAN
19
$80,643,283
KOREA
2
$5,200,000
CAYMAN ILANDS
1
$27,500,000
KOREA
4
$15,750,000
KOREA
4
$20,150,000
BARBADOS
1
$5,250,000
KOREA
3
$7,338,000
HONG KONG
3
$8,613,600
CANADA
4
$14,175,200
TAIWAN
2
$6,000,000
CHINA
2
$11,550,000
HONG KONG
2
$10,150,000
PUERTO RICO
1
$2,800,000
TAIWAN
1
$9,200,000
TAIWAN
1
$4,050,000
All Data from the HiCentral MLS, Ltd. Report © 2024 ShowingTime.
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