Oahu Luxury Real Estate Statistics- February 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.