Single-Family Homes
The luxury market ($1,800,000) continues to be very strong and show significant increases in sales volume. We have been tracking sales data for the last several years, starting in January 2017. This June, there were 59 luxury home sales, the highest there have been since January 2017, and much higher than typical pre-pandemic levels. The median price of $3,290,000 was almost the same as last June and 6.2% higher than June 2019. However, homes are selling for more per square foot and they sold for 101% of their asking price, 10 percentage points over last June. Homes sold after an average of only 40 days, the fastest they have sold since the pandemic.
Highest Sold Single-Family Home
Beachside, Kailua
6 bedrooms | 5.5 baths | 5,947 square feet interior | 25,797 square feet land
Why this property is spectacular: This beachfront estate has over 100 linear feet of ocean frontage and stunning views of the Mokes and even Molokai on a clear day. It’s situated at the end of a cul-de-sac and is private but ideal for entertaining with guest quarters and a gourmet kitchen.
Sold at: Sold for $8,100,000 after 92 days on market to a lawyer from Seattle. It is the 3rd highest sale this year.
Picture from Honolulu Board of Realtors
Condominiums
The condo market saw a surge of sales, with 20 units closed. With the exception of the months in 2017 when Park Lane and Anaha units were introduced and sold, this is the highest number of condos sold in a month in the last 4 years and a significant increase over the 4 that sold last June. The median price for condos, $2,525,000, increased almost 10% compared to June but decreased by 7% from June 2019. Luxury condos sold after an average of 105 days, which is 1 day slower than in June 2020 but 46 days faster than June 2019.
Highest Sold Condo
3003 Kalakaua, Diamond Head
4 bedrooms | 5 baths | 3,122 square feet interior
Why this property is spectacular: This oceanfront condo was completely renovated last year and features 180 degree views of the ocean, Diamond Head, and sunsets.
Sold at: Sold for $4,800,000 after 168 days on market to a local woman.
Picture from Honolulu Board of Realtors
Each quarter, we provide updates of the neighbor islands of Kauai, Maui, and Hawaii Island.
Kauai Market Update & Top Sales for May
SFH Stats May 2021 vs. May 2020
- 24 sold, up 500%
- Median Price $2,154,750, down 28%
- $985/sq ft
- Selling for 98.9% of list price, compared to 90%
- 28 DOM, 238 days faster
- Inventory down 25%
Condo Stats May 2021 vs. May 2020
- 30 sold, up 1400%
- Median Price $1,127,000, down 8%
- $732/sq ft
- Selling for 99.8% of list price, compared to 96.9%
- 24 DOM, 79 days faster
- Inventory down 36%
Single-Family Home Top Sale of the Second Quarter
Hanalei, 3 bedrooms | 4 bathrooms | 3,847 sq ft interior | 0.91 acres of land
Why this property is spectacular: This home is set on 2 acres on Hanalei Bay and was sold along with a neighboring parcel of land.
Sold at: $32,250,000 in June before it was listed to a company in Oregon.
Picture of Hanalei Bay; property photo unavailable.
Condo Top Sale of the Second Quarter
Koloa Landing at Poipu Beach, Koloa, 4 bedrooms | 4.5 bathrooms | 3,022 sq ft interior
Why this property is spectacular: This spacious penthouse has stunning views of the ocean that can be enjoyed from each of the three lanais. The resort features many luxury amenities including three pools, five jacuzzis, a fitness center, and a putting green.
Sold at: $3,500,000 in June after 159 days on market to a woman from Hawaii Island.
Picture from Redfin.com
Maui Market Update & Top Sales for May
SFH Stats May 2021 vs. May 2020
- 36 sold, up 227%
- Median Price $2,257,500, up 13%
- $901/sq ft
- Selling for 96.9% of list price, compared to 97.4%
- 113 DOM, 3 days slower
- Inventory down 38%
Condo Stats May 2021 vs. May 2020
- 51 sold, up 467%
- Median Price $1,742,500, up 18%
- $1,319/sq ft
- Selling for 98.2% of list price, compared to 100%
- 109 DOM, 94 days faster
- Inventory down 55%
Single-Family Home Top Sale of the Second Quarter
Kihei, 7 bedrooms | 8.5 bathrooms | 6,561 sq ft interior | 2.5 acres of land
Why this property is spectacular: This sprawling resort home sits on 2.5 acres near White Rock and Palauea Beach and has easy access to several golf courses.
Sold at: $25,000,000 in May after 105 days on the market to a company in Seattle.
Picture from Redfin.com
Condo Top Sale of the Second Quarter
Wailea Beach Villages, Kihei, 3 bedrooms | 3.5 bathrooms | 2,931 sq ft interior
Why this property is spectacular: This oceanfront villas offers stunning, unobstructed ocean views. It features a large lawn, private pool with outdoor shower, and is steps from Wailea Beach.
Sold at: $14,000,000 in May after 58 days on market to a local investment company.
Picture from Redfin.com
Hawaii Island Market Update & Top Sales for May
SFH Stats May 2021 vs. May 2020
- 40 sold, up 300%
- Median Price $2,400,000, up 24%%
- $694/sq ft
- Selling for 97.8% of list price, compared to 94.2%
- 48 DOM, 21 days faster
- Inventory down 54%
Condo Stats May 2021 vs. May 2020
- 18 sold, up 260%
- Median Price $1,545,000, up 11%
- $739/sq ft
- Selling for 98.8% of list price, compared to 95.5%
- 12 DOM, 97 days faster
- Inventory down 69%
Single-Family Home Top Sale of the Second Quarter
Kukio, Kailua-Kona, 5 bedrooms | 5.5 bathrooms | 7,608 sq ft interior | 1.85 acres land
Why this property is spectacular: Located between Kahoiawa Bay and Kua Bay, and neighboring Kekaha Kai State Park, this home offers beautiful ocean views and a luxurious infinity pool.
Sold at: $23,000,000 in June after 157 days on market to a company in Texas.
Picture from Redfin.com
Condo Top Sale of the Second Quarter
Hapuna Beach Residences, Kamuela, 3 bedrooms | 3 bathrooms | 2,286 sq ft interior
Why this property is spectacular: Part of the Hualelei Resort, this completely renovated condo features a newly built detached guest house. It boasts a private pool, access to luxury amenities, and beautiful ocean views.
Sold at: $5,700,000 in April after 178 days on market to an investment advisor from California.
Picture from Redfin.com
Source: State Tax Office & Bureau of Conveyances; Title Guaranty
To discuss the market in your area or the value of your home, please call our office at (808) 593-9826 or email concierge@caronb.com