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 2024 priced from $2 to $3 million increased 16.3% compared to Q3 2023, with 50 homes sold in the quarter as compared to 43 homes in the same period a year ago. Months’ supply of inventory increased 21.9% compared to last year, rising to 7.8 months in Q3 2024 from 6.4 months in Q3 2023. For single-family homes in the $3 to $5 million range, sales rose from 18 in Q3 2023 to 30 in Q3 2024, increasing 66.7% from the same time last year. Months’ supply of inventory decreased 5.3% to 10.8 months from 11.4 months last year.
In the $5 to $10 million range, four single-family homes sold in Q3 2024, eight fewer than the twelve homes sold during the same quarter last year. Months’ supply of inventory increased 54.5% to 19 months from 12.3 months in Q3 2023. There was one single-family home sold at or above $10 million in Q3 2024, which matches the one home sold in Q3 2023. It was a home in Kahaluu that sold for $11,000,000. Months’ supply of inventory increased 20.0%, from 15.0 months in Q3 2023 to 18.0 months in the third quarter of 2024. Condo sales in the $1 to $2.5 million range increased 10.5% in Q3 2024 from Q3 2023, with 116 closed sales in third quarter this year versus 105 closed sales in the third quarter last year. Months’ supply of inventory increased 16.5% to 9.9 months from 8.5 months in Q3 2023. Continued on Page 2
FOREIGN INVESTMENT $1 - $2 MILLION 2024
#
Source: Title Guaranty Hawaii, through June 2024
$
2023
#
$
2022
#
$
2021
#
$
JAPAN
5
$6,559,000
JAPAN
92
$5,029,000
JAPAN
49
$65,003,850
JAPAN
64
$86,855,832
CANADA
2
$3,000,000
KOREA
8
$11.082.400
KOREA
21
$28,081,200
CANADA
11
$14,210,150
CHINA
2
$2,450,000
CANADA
6
$7.360.800
CANADA
15
$20,052,650
KOREA
7
$10,389,250
TAIWAN
2
$2,396,000
CHINA
4
$4,294,650
TAIWAN
3
$3,389,000
UNITED KINDOM
6
$7,684,475
GUAM
1
$1,375,000
AMERICAN SAMOA
2
$2,700,000
GUAM
2
$2,315,000
SINGAPORE
5
$7,255,150
2024
#
$
2023
#
$
2022
#
$
2021
#
$
JAPAN
9
$72,000,000
JAPAN
26
$102,572,000
JAPAN
13
$40,011,000
JAPAN
19
$80,643,283
KOREA
2
$7,200,000
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
1
$3,849,000
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
$2 MILLION +
All Data from the HiCentral MLS, Ltd. Report © 2024 ShowingTime.
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