Oahu Luxury Real Estate Update: What Happened in April 2026
Luxury Home Overview
In April, Oʻahu’s luxury single-family home sales cooled from March, with closings dropping from 46 to 32 and the median sold price falling 16.6% to $2,396,000. There were fewer ultra-high-end deals and more activity nearer the entry level of the luxury segment. Despite the lower volume and median, market strength was evident. Homes sold faster and price per square foot increased from $1,082.20 to $1,177.11.
A higher share of properties sold at or above asking and the listing-to-sold ratio also increased. Price reductions were more common, as 43.7% of April’s sales involved cuts, indicating sellers had to re-calibrate expectations, but those who did saw quicker, stronger results. Overall, April saw fewer sales but firmer pricing and faster transactions for homes aligned with buyer value, marking a shift from broad activity to selectivity in the luxury market.
Luxury Condo Overview
April luxury condo activity on Oʻahu rebounded from March. Closings rose from 5 to 11 and the median sale price held at $2,400,000. The month saw more transactions at a consistent price point, but condos took longer to sell. Luxury condo sellers were more willing to negotiate, as reflected by the listing-to-sold ratio dropping from 95.5% to 91.3% and price reductions increasing to 63.6% of sales.
Notably, price per square foot jumped from $1,778.05 to $2,052.72, thanks to several high $/sf sales, even as the median price stayed flat. While 9% of sales met or exceeded asking—indicating competitive demand for select units—the overall market showed greater price sensitivity, longer days on market, and more sellers adjusting prices to attract buyers.
Click through the report below for the full update on what happened in Oahu luxury real estate in April. Click here for a quarter 1 2026 report on Oahu’s luxury real estate market. Visit our YouTube channel and subscribe for weekly videos on Oahu’s real estate market, featured properties, and our local community.
Your Luxury Hawaii Real Estate Experts
Caron B Davis is a Honolulu luxury real estate broker and founder of Caron B Realty International, with over 36 years of experience and more than 944 closed transactions totaling $1.59 billion in sales. She is widely recognized for her expertise in East Honolulu luxury homes, including Diamond Head, Kahala, and Hawaii Loa Ridge, as well as oceanfront and view properties. In 2025, she sold the most homes in Diamond Head among individual agents. Caron also represented the highest sale in Hawaii Loa Ridge. Learn more about Caron B Davis here.
Caron B Realty International is a boutique luxury real estate brokerage based in Honolulu, specializing in East Honolulu’s most sought-after neighborhoods. Founded in 2022, the firm has closed over 1,317 transactions totaling more than $995 million in sales volume. 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.
Guided by the philosophy of high tech, high care, high results, Caron B Realty International provides a level of precision, service, and market expertise designed for today’s luxury real estate clients. Follow us on YouTube for our latest luxury property tours, market update videos, and more. 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
