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Oahu Real Estate Market Report – February 2024

March 6, 2024

Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median condo sales price rose to $502,500.
In the single-family home market, the $800,000 to $999,999 range saw a whopping 225% increase, with 143 listings available at the end of the year compared to just 44 listings in December 2021. In the condo market, active inventory most significantly increased primarily in the mid to upper price ranges. Year-over-year, active inventory in the $400,000 to $1,999,999 price range rose by 50%.
The percent of original list price received continued to dwindle, with single-family home sellers receiving a median of 96.7% of their asking price in December 2022, falling from 102.1% last year. In the condo market, the median percentage of the original list price received was 98.5% compared to 100.0% in December 2021.

Oahu Real Estate Market Report – January 2024

February 7, 2024

Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median condo sales price rose to $502,500.
In the single-family home market, the $800,000 to $999,999 range saw a whopping 225% increase, with 143 listings available at the end of the year compared to just 44 listings in December 2021. In the condo market, active inventory most significantly increased primarily in the mid to upper price ranges. Year-over-year, active inventory in the $400,000 to $1,999,999 price range rose by 50%.
The percent of original list price received continued to dwindle, with single-family home sellers receiving a median of 96.7% of their asking price in December 2022, falling from 102.1% last year. In the condo market, the median percentage of the original list price received was 98.5% compared to 100.0% in December 2021.

Luxury Market Report 2023 Q4

February 2, 2024

Single-family home sales for Q4 2021 priced from $1 to $2 million increased 50.6% compared to Q4 2020, with 491 homes sold in the quarter versus 326 homes…

Oahu Real Estate Market Report – December 2023

January 10, 2024

Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median condo sales price rose to $502,500.
In the single-family home market, the $800,000 to $999,999 range saw a whopping 225% increase, with 143 listings available at the end of the year compared to just 44 listings in December 2021. In the condo market, active inventory most significantly increased primarily in the mid to upper price ranges. Year-over-year, active inventory in the $400,000 to $1,999,999 price range rose by 50%.
The percent of original list price received continued to dwindle, with single-family home sellers receiving a median of 96.7% of their asking price in December 2022, falling from 102.1% last year. In the condo market, the median percentage of the original list price received was 98.5% compared to 100.0% in December 2021.

Luxury Outlook 2024

Sotheby’s International Realty® is pleased to announce the release of its 2024 Luxury Outlook report, which identifies the trends likely to shape the world’s prime housing markets in the year ahead.

The comprehensive report offers insight into the high-end real estate industry as the starts-and-stops of the pandemic’s reopening fueled even stronger demand and inventory struggled to keep pace.