Luxury single-family homes decreased compared to last month; there has been a bit of variation in the number of sales each month this year. On average, sales remain notably higher than they were pre-pandemic. Luxury homes sold for the highest median price since January 2019, when we started keeping track of this data. Homes sold the quickest they have all this year. There was also a decrease in the number of luxury condo sales and the median price at which they sold. However, like homes, condos sold the quickest they have all year.
Whether you are selling or buying, 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 firstname.lastname@example.org
SFH September 23 vs August 23 $1.8M+
- #sold: 29 vs 39 (down 25.6%)
- Median price: $2,900,000 vs $2,818,000 (up 2.9%)
- DOM: 41 vs 54 (13 days faster)
- Listing/sold ratio: 98.2% vs 98%
- % sold at or above asking: 45% at or above listing vs 51%
- Price per sq ft: $1,070.32 vs $1,141.11 (up 14.8%)
Highest Sold Single-Family Home
Makiki Heights, Metro Oahu
3 parcels totalling 7 bedrooms | 7.5 bathrooms | 13,900 sq ft living | 2.087 acres land
Why this property is spectacular: This Crown Jewel retreat commands nearly 2-acres of land with views of Punchbowl, the Pacific Ocean, urban Honolulu, the Waianae Mountain Range and stunning sunsets. The Modern-Mediterranean home’s appearance is highlighted by an infinity-edge lap pool surrounded by multiple landscaped yard spaces. Property sale includes three parcels and three structures: a sprawling 11,596 sq.ft. 4-bedroom, 4.5-bath main residence, a detached 3-bedroom, 3-bath guest house, & a detached pool house.
Condos September 23 vs August 23 $1.8M+
- #sold: 7 vs 11 (down 36.3%)
- Median price: $2,175,000 vs $2,575,000 (down 15.5%)
- DOM: 37 vs 80 (43 days faster)
- Listing/sold ratio: 97.6% vs 94.1%
- % sold at or above asking: 28% at or above listing vs 18%
- Price per sq ft: $1,493.78 vs. $1,774.89 (down 15.8%)
Highest Sold Condo
2 bedrooms | 2 baths | 1,447 sq ft living
Why this property is spectacular: Luxurious flagship building “Waiea” in the heart of vibrant Kakaako with close proximity to Waikiki. Features 10-foot ceilings, double glazed/Low-E coated glass, motorized window shades, hardwood flooring, and top-of-the-line plumbing fixtures by Dornbracht and Toto. World-class amenities include quest suites, fitness center with yoga room, steam sauna, golf stimulator, infinity edge ocean view pool, hot tub, children’s play area, and dog park.
Sold at: $2,460,000 after 33 days on market to local buyers.
Source: State Tax Office & Bureau of Conveyances