Oahu Luxury Market Overview
Following a strong start to the year in quarter 1, the Oahu luxury single-family home market has continued to show healthy activity. Quarter 2 2024 saw a 17.5% increase in the number of sales compared to quarter 1. Median price increased over 5% and the price/square foot held steady quarter-over-quarter. The luxury condo market had a slow start to the year but activity has been on the rise. There were nearly twice as many condo sales in quarter 2 compared to quarter 1. There were sizable decreases in median price and price per square foot. However, median price has increased every month since March.
Click through this report to learn about what happened in the Oahu luxury real estate market in the second quarter of 2024. See the the top single-family home and condominium sales, data on active listings and escrows, and statistical comparisons to quarter 1 2024.
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. Follow us on YouTube for biweekly videos on the Hawaii real estate market and local community.
Curious about the value of your home?
Online tools like Zillow offer convenient estimates of home values. However, they often lack the nuanced understanding and personal touch that a real estate agent provides. Click here to learn why it’s important to get an expert assessment of the value of your home, whether you’re making plans to sell, are wealth or financial planning, or are just curious.
