Oahu Luxury Real Estate Update: November 2025
Luxury Home Overview
In November, luxury home sales volume decreased by about 25% from October. While this sounds like a large drop, it’s important to note that October’s sales volume was the highest since May 2022. Most monthly sales volumes in 2025 have been in the 30’s or 40’s. Median price increased nearly 15% from last month to $2,500,000; price per square foot rose over 16% month-over-month. Luxury homes sold 12 days slower than in October.
Luxury homes received a slightly lower percentage of their asking price and a smaller proportion of them sold at or above asking price. However, there was a big drop in price reductions compared to November. Available inventory is down across the board, but most notably in the $1.8-$2.9M range. There were small changes in pending sales in the $1.8-$2.9M and the $6-$9.9M ranges but no changes in the other price ranges. Even with fewer closings, quality homes are achieving stronger prices. Savvy sellers who prepare strategically and price intelligently are still seeing top-market results.
Luxury Condo Overview
The number of luxury condos sold in November decreased by one from October. After a lull in sales at Victoria Place during the past couple of months, sales have picked up again. In November, 45% of luxury condo sales were at Victoria Place. There was no change in luxury condo median price compared to October but price per square foot rose by 6.6%. Luxury condos sold about two months faster in November than in October, with days on market at 58, the fastest since January of this year.
Luxury condos received a slightly larger percentage of their asking price and a larger proportion of luxury condos sold at or above asking price. There were only two price reductions in November. There were slight increases in available and pending listings across the price ranges. The luxury condo market remains steady and resilient. We’re seeing well-qualified buyers move swiftly on properties that offer design excellence, ocean views, and turnkey ease, particularly in the $2M to $5M range.
Click through the report below for the full update on what happened in Oahu luxury real estate in November. Click here for a quarter 3 2025 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
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. These skills 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
