Oahu Luxury Real Estate Statistics- June 2012

07/13/12

The highest sale in June in the luxury single-family market was a historic villa on the slopes of Diamond Head, that closed at $3.5 million, and was a cash transaction. This gracious, 4,175 square foot, 4 bedroom, 4 bathroom property was once the residence of the composer who wrote ‘On a Coconut Island’ and ‘Mele Kalikimaka’. This property is both formal and relaxing, and was on the market just 40 days before it sold.

The second highest sale was a 4,500 square foot, 5 bedroom, 4.5 bath Kahala home on the highly desired Aukai Avenue. This newly remodeled property features quality materials and craftsmanship throughout, a gorgeous pool, and lush, tropical grounds. It closed at $3.3 million, after being on the market for 232 days.

The median sales price for luxury single family homes last month was $1.31 million, and the average days a home was on the market until sold was 74. There were a total of 35 luxury homes sold last month, and 64 new ones listed.

The highest sale in the luxury condominium market in June was a 2 bedroom, 3 bath, 1500 square foot unit on the 32^nd floor of the Trump Tower in Waikiki. This property soars over Waikiki with dramatic views, top of the line appliances and finishes, and is fully furnished. It was on the market for 111 days, and closed at $2.175 million. Trump’s signature style of 5 star living includes full spa services, fitness center, restaurants, pool, 24-hour in-room dining and more.

The second highest luxury condominium sale in June, was a 10^th floor unit in The Hokua, Honolulu’s premier new luxury condo. This upgraded 2 bedroom, 2 bathroom, 1500 square foot property was sold fully furnished, and closed at $1.88 Million, after only 23 days on the market.

The median sales price for luxury condos last month was $1.88 million, with the average days on market until sold at 118 days. There were only 5 closed sales last month and 18 new listings added to the market.

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