Category Archives: Oahu Real Estate Statistics
The highest sale for the luxury single-family home market in January was a beachfront Lanikai property on Mokulua Drive. This elegant, 3800 square foot retreat has 3 bedrooms, 4.5 bathrooms and was designed by Peter Vincent. Custom crafted with attention to detail, it includes natural Peruvian travertine, Australian Koala wood floors, African Mahogany, Marble floors, a home theatre and top of the line appliances. This home has magnificent views and was featured in Coastal Living and Pottery Barn! This beautiful home closed at $6.5 Million.
The second highest sale was an elegant Kahala home on Koloa Street, built in 2009. This 5500 square foot, 5 bedroom, 5.5 bath property is perfect for family, entertaining, and enjoying Hawaii. This home is fenced in for privacy, beautifully landscaped, and has a large pool with desk, hot tub, and outdoor covered patio with wet bar. The property sold at $3.5 Million, Cash.
The highest sold luxury condominium last month was a Trump Tower Waikiki unit on the 37th floor. This 2 bed, 2 bath, 1400 square foot property was sold before listed and closed at $3.5 Million.
The second highest condo sale was a 2 bedroom, 2 bath, 12th floor unit in the Diamond Head Apartments on the Gold Coast. This property has 1300 square feet of living space with a small open lanai. This unit was in escrow before listed and closed at $2.5 Million, Cash.
The highest sale for Luxury Single Family Homes on Oahu in December was a 4 bedroom, 5.5 bath, 6800 square foot Diamond Head Road estate. This landmark oceanfront location on the slopes of Diamond Head features gorgeous sunset views and blends the rich history of Diamond Head with modern amenities. This home was built in 2006, and then remodeled in 2009. After only 8 days on the market, it sold at full asking price- $10.95 Million, cash.
The second highest sale was an oceanfront Wailupe Circle residence with 4 bedrooms and 5.5 bathrooms. This 4100 square foot home was sold before listed, also at full asking price of $8 Million, cash.
The highest sale for Luxury Condominiums on Oahu in December was a 4 bedroom, 4 bath, 3000 square foot, double unit in the Diamond Head Apartments on the Gold Coast. This property was also sold before listed and also at full asking price of $4.35 Million, cash.
The second highest sale was a 2 bedroom, 2 bathroom, 2019 square foot Hokua unit on the 12th floor. This highly desirable, “D” unit with wrap around views from Diamond Head to the West side has incredible sunset views. Completely furnished, this unit sold at $3.6 Million, cash, after 4 days on the market.
In the final month of 2012 when one would think to see the market slow, we saw great activity and very big sales. The highest sales for both luxury homes and condos were all cash transactions and were all very quick sales. Great properties are selling ultra fast and sellers are getting full asking price because inventory is so low.
The highest sale for the luxury single-family home market in November was a Koko Kai property in Hawaii Kai’s prestigious Portlock neighborhood. This gorgeous estate includes 2 homes, side-by-side on 2 parcels, graciously linked. This property has 195 linear feet of ocean frontage set just above the ocean facing Diamond Head, with panoramic ocean, coastline and mountain views. This 7 bedroom, 6 bath, 2 half bath compound has a total of 7791 square feet, with 1444 square feet of open lanai. This property was on the market for only 5 days, and closed at $8.038 Million, cash.
The second highest sale was a brand new, 4253 square foot, 4 bedroom, 4.5 bath Diamond Head home on Pokapahu Place. This incredible new estate by House Concepts and award winning architect, Jim McPeak is situated on the slopes of Diamond Head and offers unsurpassed ocean, mountain and coastline views. Currently under construction, this luxurious residence will offer the latest in stunning design and modern architecture. This home sold at $6.3 Million, cash.
Both the highest sale and the second highest sale in the luxury condo market last month were units in the Hokua building, Kaka’ako’s most popular luxury condominium. The highest sale was a 2 bedroom, 2 bath, 1981 square foot unit on the 30th floor with gorgeous panoramic coastline views. This property was sold before listed, and closed at $3.95 Million, cash.
The second highest sale was a 3 bedroom, 2.5 bath, 5th floor unit, with great ocean views and over 2300 square feet of living. This property sold after only 3 weeks on the market, at $2.34 Million.
The highest sale in Luxury Single Family Home market on Oahu in October was a 9 bedroom, 8 full bath, 2 half bath, 12,000 square foot Portlock retreat with 2 homes and 2 TMKs, spanning from street to beach. These spacious homes with two sparkling pools feature breathtaking Diamond Head and sunset views, a very private, gated entry, and a movie theatre. This property was only on the market for 33 days, and closed at $9.99 Million, cash.
The second highest sale was a 4 bedroom, 2 bath, oceanfront Lanikai home. This gracious, single-level home designed by Val Ossipoff and later Alfred Preis features incomparable views of the Mokulua islands, a gorgeous island garden with stately Kamani trees and orchids, and wide steps down into the calm Lanikai waters. This beautiful property closed at $5.1 Million, cash.
There were 45 luxury single-family homes sold last month, and 56 new listings added to the market for a total of 282 luxury properties available.
The highest sale in the Luxury Condominium market on Oahu in October was a 2 bedroom, 2.5 bath, 2275 square foot, Gold Coast penthouse unit in the Diamond Head Apartments. This rarely available “Trophy” apartment was exquisitely renovated by Kerr Michaels, and has stunning views of the ocean, Diamond Head, Waikiki, Kapi’olani Park and the Ko’olau Range. This property closed at $4.58 Million, cash.
The second highest sale was a 3 bedroom, 3.5 bathroom, penthouse unit in the Moana Pacific Eastern Tower. This 2200 square foot property features high quality upgrades, and has beautiful ocean, park, harbor and Diamond Head views. This unit closed at $2.2 Million after only 40 days on the market.
There were 14 sales last month in the luxury condo market, and 20 new listings added for a total of 106 properties, a very low inventory for luxury condos, which is why you have to move fast in this market… the good buys are gone fast!
For a specific statistic report of your neighborhood, contact us today!
The highest sale in August in the luxury single-family market was a 4 bedroom, 3 bath, 3,500 square-foot ocean front Portlock estate. This gorgeous property features unobstructed ocean and Diamond Head views, an ocean front pool, and guest house and closed at $3.25 Million.
The second highest sale was a 5,000 square foot, 4 bedroom, 4.5 bath property in the highly desired Black Point community of Kahala. This stunning 5-star residence on Kahala Avenue, features a state-of-the-art kitchen, pool, media room, and 1600 bottle wine cellar. This home closed at $3.038 Million, cash.
The median sales price for luxury single-family homes was $1.352 Million, with the average days on market until sale being 61 days. 64 new listings were added to the market last month, and 44 luxury homes were sold.
The highest sale in the luxury condominium market in August was a 3 bedroom, 2.5 bath, 2325 square foot unit on the 11th floor in Kaka’ako’s popular luxury condo, Hokua. This exquisitely furnished unit by Yothaka, has beautiful ocean views and three parking stalls. It closed at $2.556 Million, cash, after only 36 days on the market.
The second highest luxury condo sale was a 2 bedroom, 2 bathroom unit in the Trump Tower Waikiki. This 1,027 square foot oceanfront property closed at $2.298 Million, cash.
The median sales price for luxury condominiums last month was $1.457 Million, and the median days on market until sale was only 26 days. There were 35 new listings added to the luxury condo market, and 10 sales last month.
*Information compiled from Honolulu Board of Realtors MLS data
The highest sale in July in the luxury single-family market was a seldom available ‘Aina Malu’ property, formerly owned by Liza Minelli on the beach at Diamond Head. This 2 bedroom, 2.5 bath home is one of ten homes located on the former ‘Brown Estate’ in a private gated community. This home is tastefully renovated and boasts completely unobstructed ocean views. The 2,750 square foot property sold for $4.725 million, cash.
The second highest sale was a 4,650 square foot, 5 bedroom, 5.5 bath property in the triple gated, quiet, ‘The Pointe’ community at Hawaii Loa Ridge. This stunning oceanview home has 4 bedrooms and 4.5 baths in the main residence, and a separate maid’s quarters on a large rim lot with large gazebo, swimming pool, spa, and gorgeous grounds. This home closed at $3.8 million cash, and was only on the market for 41 days.
|$4,725,000- Highest Recorded Sale- Single Family Home|
|$1,235,000- Median Sales Price|
|292- Current listings over $1 mil.|
|58- New listings over $1 mil.|
|33- CLose Sales over $1 mil.|
|100- Average Days on Market until Sale|
The highest sale in the luxury condominium market in July was a 2 bedroom, 2 bath, 1150 square foot unit on the 30th floor in the Waikiki Beach Tower. This rarely available high floor unit has amazing Diamond Head and ocean views, and sold very quickly after only 12 days on the market for $2 million, cash.
The second highest luxury condo sale was a 2 bedroom, 2 bathroom unit in the Waikiki Shore building. This 1065 square foot oceanfront property with stunning views is nestled next to Trump Waikiki and the Halekulani Hotel. This property sold fully furnished at $1.595 million.
|$2,000,000- Highest Recorded Sale- Condominium|
|$1,275,000- Median Sales Price|
|101- Current listings over $1 mil.|
|14- New listings over $1 mil.|
|11- Closed Sales over $1 mil.|
|88- Average Days on Market until Sale|
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 32nd 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 10th 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.
Japanese buyers continue to be our top investors on Oahu with Waikiki being their favorite neighborhood to purchase in.
Not only does Caron B Realty International have a Japanese Marketing Specialist on our sales team, we also market our client’s properties using international websites, and we have extensive international mailing lists of high-net worth buyers. We also have a network of International Realtors with connections to many high-net worth individuals.
Here are the statistics compiled from Jan 2009 through March 2012, courtesy of Title Guaranty.
|Country of Origin||Neighborhood|
|Hong Kong||3%||Waialae, Kahala||3%|
The highest sale on Oahu last month of a luxury single-family home was an Oceanfront Kailua home in the Beachside neighborhood on a huge, 29,000 square foot lot. This 1,991 square foot, 3 bedroom, 2 bath home closed at $4.825 million, and was built in 2002, and has many custom finishes. This property sits on a private road, giving it lots of privacy and security.
The second highest sale was a 5 bedroom, 5.5 bathroom estate in the Koko Kai neighborhood of Hawaii Kai. This stunning oceanfront property features a waterfall, Koi pond, and Panoramic Diamond Head, sunset, and forever ocean views. This 4,800 square foot home has a 920 square foot open lanai, 2 master suites, an elevator, a wine cellar, and a maid’s quarters. Closing at $4.1 million, was an excellent buy, as the listing price was $5.45 million, and was only on the market for 1 day!
There were 43 luxury single-family homes sold last month on Oahu and 64 new listings added to the market. The median sales price for luxury single-family homes last month was $1.47 million, and the average days on market until sale was 83 days.
The highest sale last month of luxury condominiums on Oahu was a 15th floor, ocean view double unit in the famous Ilikai Apartment Building. This 2,000 square foot, 2 bedroom, 2.5 bathroom property has a 480 square foot open lanai to enjoy gorgeous sunset and ocean views from the Hilton Lagoon to West Oahu. This exquisite, fully furnished unit is custom built, decorator designed and has a private laundry room. This unique wrap-around, end unit closed at $2.5 million, also a great buy, considering the listing price of $3.38 million.
The second highest sale was a 2 bedroom, 2 bathroom penthouse unit in the Colony Surf in the beautiful Gold Coast neighborhood of Diamond Head. This 1,202 square foot unit with 300 square foot open lanai closed at $2.35 million.
There were a total of 8 luxury condos sold last month on Oahu, and 22 new listings. The median sales price for luxury condos was $1.59 million, and the average days on market until sale was 108 days.
In the month of May we saw many great buys, and more loans on luxury properties than we have been seeing in the past few months, most likely because interest rates are still very low.
The highest priced sale of a luxury single-family home for the month of April on Oahu was a 6,800 square foot, 6 bedroom, 8 bathroom estate in the Beachside neighborhood of Kailua. This exclusive beachfront residence by Kerr Michaels offers spectacular views, unsurpassed craftsmanship, and extensive use of natural materials. Mahogany glass doors pocket to reveal the beach & lush courtyard, pool, spa, water features. This home closed at $6.95 million, and was on the market for 214 days.
The second highest sale was a stunning Kahala estate. This 5 bedroom, 4.5 bathroom, 5,600 square foot home on a double lot on Aukai Avenue features a dream kitchen, formal and casual living spaces, and lush tropical grounds with a pool and waterfall. This property closed at $4.8 million.
The median sales price for luxury single-family homes for April was $1.915 million and the average Days on Market was 117. There were a total of 25 luxury single-family homes sold, and 48 new homes added to the market last month.
For Condominiums in the luxury market on Oahu in the month of April, the highest sale was a 3 bedroom, 2 bathroom unit at 3003 Kalakaua Avenue, in the highly-desired Gold Coast neighborhood of Diamond Head. This oceanfront, 1,984 square foot residence has amazing sunset views to be enjoyed by a large 320 square foot lanai. This residence closed at $2.8 million.
The second highest luxury condo sale was a 2 bedroom, 2.5 bathroom downtown condo in the Alakea Corporate Building. Dual zoned, including a commercial/office space and fantastic downtown views. This property closed at $2.5 million and was a cash transaction.
The median sales price for luxury condominiums last month was $1.599 million, and condos closed a bit faster than single-family homes, with the Average Days on Market being 61. There were a total of 7 luxury condos sold last month, and 16 new listings added to the market.
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