The number of luxury single-family homes remained the same as October and September at 29. Median price increased 4.5%; the list price to sales price ratio increased, as did the percentage of homes sold above asking price. Luxury homes sold much more quickly than last month, after an average of 50 days on market.
Luxury condo sales increased compared to October. Median price increased significantly, up over 35%. This is the highest median price since May of this year. Luxury condos sold a bit more quickly than last month.
Whether you are selling or buying Hawaii luxury real estate, it’s essential to work with an experienced, knowledgeable realtor who can guide you through the current market. Expert pricing and negotiation are key strengths of the realtors at Caron B Realty and have allowed us to bring record-breaking sales and multiple offers on our client’s listings. 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
Single-Family Homes
SFH November 23 vs October 23 $1.8M+
- #sold: 29 vs 29 (no change)
- Median price: $2,430,000 vs. $2,325,000 (up 4.5%)
- DOM: 50 vs 75 (25 days faster)
- Listing/sold ratio: 98.7% vs 96.7%
- % sold at or above asking: 41% at or above listing vs 38%
- Price per sq ft: $998.76 vs $1,044.39 (down 4.3%)
Highest Sold Single-Family Home
Makiki Heights, Metro Oahu
5 bedrooms | 4.5 bathrooms | 6,903 sq ft living | 10,037 sq ft land
Why this property is spectacular: Situated in the heights of Tantalus, this spacious home offers panoramic views from Diamond Head to Leeward Oahu. Floor-to-ceiling sliding doors open to a heated infinity pool to take in the view. Other features include a vehicle turntable, theater room, recreation room, interior waterfall feature, sauna, steam room, two soaking tubs, a jacuzzi, and PV panels.
Sold at: $8,625,000 after 112 days on market to an investment company from Florida.
Condominiums
Condos November 23 vs October 23 $1.8M+
- #sold: 13 vs 10 (up 30%)
- Median price: $3,000,000 vs $2,210,000 (up 35.7%)
- DOM: 97 vs 113 (16 days faster)
- Listing/sold ratio: 94.2% vs 96.4%
- % sold at or above asking: 7% at or above listing vs 30%
- Price per sq ft: $2,086.22 vs. $2,077.87 (no change)
Highest Sold Condo
Park Lane, Ala Moana
3 bedrooms | 3.5 baths | 2,756 sq ft living
Why this property is spectacular: This exclusive three-bedroom Courtyard Residence on the 4th floor of Park Lane is the ultimate in luxurious living in Honolulu. Park your vehicle in your private enclosed garage and walk directly into your home, where you can relax and unwind on your private lanai with sweeping ocean views. This visionary development offers expansive indoor-outdoor living similar to the most sought-after island homes combined with the services, amenities, security, and ease of ownership of a luxury condominium development.
Sold at: $8,400,000 after 200 days on market.
Source: State Tax Office & Bureau of Conveyances
Pictures from Honolulu Board of Realtors
