Oahu Luxury Market Overview
The Oahu luxury single-family home market has gotten off to a strong start in 2024. Quarter 1 2024 saw a 12.5% increase in the number of sales compared to quarter 4 2023. While median price decreased slightly, there were increases in price/square foot, ratio of sold price to list price, and the number of homes sold at or above list price. Homes sold 18.7% faster in Q1 2024 than Q4 2023. The most active luxury price range is $1,800,000-$2,999,999.
Meanwhile, The Oahu luxury condo market started very slowly but saw a significant increase in the number of sales in March. Median price, the ratio of sold price to list price, and the number of condos sold at or above list price all increased in Q1 2024 compared to Q4 2023. The most active luxury price range for condos is also $1,800,000-$2,999,999.
Click through this report to learn about what happened in the Oahu luxury real estate market in the first quarter of 2024. See the the top single-family home and condominium sales, data on active listings and escrows, and statistical comparisons to quarter four 2023.
You 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
2024 Q1 Luxury Market Report by Caron B Realty
