Monthly Archives: March 2012
In the month of February, there were 29 luxury single-family homes sold. The highest sale was a 5 bedroom, 5 1/2 bath estate in the Pu’upanini neighborhood of beautiful Kahala and closed at $3.725 million. This grand 5,600 square foot home sits on a 23,000 square foot lot, with a fabulous pool and gorgeous casual and formal living areas. Not to our surprise, this was a cash transaction, which we are seeing do much of lately in the luxury market. There were 50 new luxury single family homes added to the market, and the average days on market was 71 days.
There were 7 sales of luxury condominiums in the month of February. The highest sale was a 2 bedroom, 2 bath unit in the popular ocean view building, Hokua that closed at $3.6 million. This 2,000 square foot property features floor to ceiling windows to see the amazing panoramic ocean views from Diamond Head to Ewa. This prestigious building offers luxury amenities including guest suites, state-of-the-art fitness center, infinity edge pool, BBQ cabanas, dog park, concierge and much more. This elegantly upgraded unit also comes with 3 parking stalls, and is the perfect Honolulu living experience! This transaction was also a cash sale. There were 19 new luxury condo listings added to the market in February, and the average days on market was 74 days.
We are off to a great start in 2012 in the luxury real estate market on Oahu, especially here at Caron B Realty.
For the month of January, the highest sale was a 5 bedroom, 3 bathroom Niu beach home listed by Caron!
This spacious, 4000 square foot beach front home features an ocean side pool, an open floor plan, high ceilings, and a gourmet kitchen. Paddle, kayak or swim right out the back door. This gorgeous property was a cash transaction and closed at 2.68 million, an amazing price for an oceanfront property in this highly desired neighborhood.
There were a total of 21 luxury single family homes sold last month on Oahu, and 58 new luxury listings were added to the single-family home market. There were a total of 340 luxury single family homes on the market in January. The average days on market for luxury single-family homes was 113 days, and the median sales price was $1.339 million.
The highest sale in January for luxury condominiums on Oahu, was a 2 bedroom, 2 bathroom, 1160 square foot unit in the Waikiki Shore, which closed at $2.5 million. This high floor, direct oceanfront unit has a 348 square foot lanai to enjoy the forever ocean and golden sunset views from Ewa to Diamond Head. This was also a cash transaction.
There were 5 luxury condominiums sold on Oahu in the month of January, and 14 new luxury condos listed. Inventory was low, with only 105 luxury condos on the market. The average days on market for luxury condominiums in January was just 61 days, and the median sales price was higher than single-family homes at $1.89 million.
Overall in the luxury market, we continue to see a large amount of international buyers and cash transactions.
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