Luxury Market Report 2025 Q1

Aloha and welcome to The Oahu Quarterly Luxury Market Report from List Sotheby’s International Realty, where we take a closer look at the most recent real estate activity here on Oahu.

The Oahu luxury home market report is broken down into four singlefamily home categories and two condominium price segments.

Single-family home sales for Q1 2025 priced from $2 to $3 million decreased 4.17% compared to Q1 2024, with 48 homes sold in the quarter as compared to 46 homes in the same period a year ago. Months’ supply of inventory increased 15.96% compared to last year, rising to 9.4 months in Q1 2025 from 10.9 months in Q1 2024.

For single-family homes in the $3 to $5 million range, sales rose from 10 in Q1 2024 to 21 in Q1 2025, increasing 110.00% from the same time last year. Months’ supply of inventory decreased 48.29% to 12.1 months from 23.4 months last year.

In the $5 to $10 million range, 11 single-family homes sold in Q1 2025, a 57.14% increase from the 7 sold during the same quarter last year. Months’ supply of inventory decreased 22.0% to 17.7 months from 22.7 months in Q1 2024.

One single-family homes sold at or above $10 million in Q1 2025, 80.00% less than the five homes sold in Q1 2024. The top sale was a home in Kahala that sold for $65,750,000 which shattered the previous record sales price for a residential home on Oahu by almost 3 times. The previous record was a home in Kailua that sold for $26,000,000 in 2024.

Months’ supply of inventory increased 221.43% from 16.8 months in Q1 2024 to 54 months in the first quarter of 2025. Condo sales in the $1 to $2.5 million range increased 39.34% in Q1 2025 from Q1 2024, with 85 closed sales in first quarter this year versus 61 closed sales in the first quarter last year. Months’ supply of inventory decreased 4.48% to 13.3 months from 15.7 months in Q1 2024.

Sales for condos priced at $2.5 million and higher rose in Q1 2025 to 16, compared to 10 sales in Q1 2024, an increase of 60%. Months’ supply of inventory decreased 15.29% to 13.3 months from 15.7 months the same quarter last year.

Three condos sold at or above $5 million in Q1. One each in Victoria Place, Waiea, and the Ritz-Carlton Waikiki. The top sale was a unit at the RitzCarlton Waikiki that sold for $8,400,000.

Remember that every home and situation is unique. For guidance with your current or future home, visit listsothebysrealty.com and contact one of our experienced agents.

That’s the Oahu Quarterly Luxury Market Report for this quarter. Check back soon for the latest.

All Data from the HiCentral MLS, Ltd. Report © 2024 ShowingTime.

Past Reports

View 2024 Q4 Report >
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