Aloha - isvr.acceleragent.com home and two condominium price segments. Single-family home sales...

All Data from the HiCentral MLS, Ltd. Report © 2017 ShowingTime. Visit www.ListSothebysRealty.com | 1

Sales of single-family homes priced from $3 to $5 million increased by 37.5% compared to last year, with 22 homes sold YTD Q2 2107 compared to 16 for YTD Q2 2016. Months’ supply of inventory decreased by 33.3% to 17.6 months.

Sales of single-family homes priced at $5 million or more decreased by 36.4% for YTD Q2 2017 compared to YTD Q2 2016, with seven homes sold versus 11 last year. Months’ supply of inventory increased by 28.4% to 41.7 months.

During Q2 2017, there were three sales of $5 million or more, including two single-family homes in Lanikai and one in Honolulu’s Wailupe neighborhood.

The luxury condo market through YTD Q2 2017 continued to show strong sales growth.

Continued on Page 3

Aloha and welcome to The Quarterly Luxury Market Report from LIST Sotheby’s International Realty, where we take a closer look at the most recent real estate activity here on Oahu.

Our report breaks the Oahu luxury home market into four single-family home and two condominium price segments.

Single-family home sales through year-to-date (YTD) Q2 2017 priced from $1 to $2 million increased 16.4% compared to YTD Q2 2016, with 370 homes sold. This price point has 5.8 months’ supply of inventory, a decrease of 21.4 percent compared to last year at this time.

For single-family homes in the $2 to $3 million range for YTD Q2 2017, sales increased by 9.8% to 56 homes sold, up from 51 for the same time period in 2016. Months’ supply of inventory decreased by 19.0% to 11.0 months.

FOREIGN INVESTMENT

2016 # $

JAPAN 135 $203,375,491

CANADA 8 $10,419,000

CHINA 6 $8,275,100

KOREA 3 $6,118,900

HONG KONG 4 $5,241,800

$1 - $2 MILLION

$2 MILLION +

Source: Title Guaranty Hawaii, 2017

2015 # $

JAPAN 18 $50,565,500

CHINA 2 $7,400,000

HONG KONG 3 $7,340,000

CANADA 2 $6,183,750

HONG KONG 1 $2,350,000

2014 # $

JAPAN 38 $113,876,299

SINGAPORE 7 $45,290,355

CHINA 4 $17,238,890

AUSTRALIA 4 $14,498,800

HONG KONG 1 $2,350,000

2016 # $

JAPAN 78 $333,303,959

HONG KONG 6 $22,209,744

CHINA 5 $20,949,835

SINGAPORE 4 $14,649,871

2017 # $

JAPAN 87 $39,542,319

CANADA 6 $3,450,000

CHINA 6 $2,690,000

KOREA 5 $2,195,000

HONG KONG 3 $1,865,500

2014 # $

JAPAN 47 $63,383,000

KOREA 5 $8,050,000

CHINA 4 $5,312,566

HONG KONG 4 $5,045,600

CANADA 3 $4,079,000

2015 # $

JAPAN 31 $43,456,250

HONG KONG 4 $5,183,725

CANADA 4 $4,643,750

CHINA 3 $3,795,000

KOREA 2 $2,370,000

2017 # $

JAPAN 11 $45,308,489

CHINA 2 $9,400,000

SINGAPORE 2 $6,400,000

BELGIUM 1 $2,962,000

2ND Quarter 2017

Visit www.HomeOnOahu.com


Metric Year $1 - 2Million

$2 - 3Million

$3 - 5Million

$5Million +

$800,000 -$1 Million

$1Million +

CLOSED SALES

2012 YTD 145 23 17 2 40 46

2013 YTD 178 30 15 8 63 75

2014 YTD 234 42 25 6 86 93

2015 YTD 292 29 20 11 104 89

2016 YTD 318 51 16 11 109 111

2017 YTD 370 56 22 7 140 235

MEDIAN SALES PRICE(in millions)

2012 YTD $1.25 $2.40 $3.60 $5.98 $0.89 $1.50

2013 YTD $1.25 $2.25 $3.50 $7.19 $0.88 $1.45

2014 YTD $1.25 $2.40 $3.80 $6.47 $0.89 $1.29

2015 YTD $1.28 $2.20 $3.79 $8.50 $0.87 $1.40

2016 YTD $1.27 $2.30 $3.50 $5.90 $0.88 $1.65

2017 YTD $1.25 $2.35 $3.50 $6.21 $0.88 $1.65

MONTHS SUPPLYOF INVENTORY

Q2 2012 7.6 17.0 12.5 24.2 9.2 11.9

Q2 2013 8.2 11.1 24.1 20.4 7.7 12.2

Q2 2014 7.1 12.3 16.7 35.5 8.2 13.8

Q2 2015 7.6 13.8 27.5 31.0 9.6 16.8

Q2 2016 7.3 13.6 26.4 32.5 7.7 17.0

Q2 2017 5.8 11.0 17.6 41.7 6.8 8.7

SINGLE-FAMILY CONDO

$1 Million + Q2 2008 Q2 2011 Q2 2014 Q2 2017

Closed Sales

Median Sales Price

Months Supply of Inventory

$1 Million + Q2 2008 Q2 2011 Q2 2014 Q2 2017

Closed Sales

Median Sales Price

Months Supply of Inventory

SALES ACTIVITY

SINGLE FAMILY & CONDO HISTORICAL GRAPH

CONDOMINIUM HISTORICAL GRAPH



Sales in the $800 thousand to $1 million range were up 28.4% over YTD Q2 2016, while months’ supply of inventory was down 11.8% to 6.8 months.

Sales for condos priced at $1 million and higher increased by an astonishing 111.7% compared to last year at this time. The 235 closed sales for YTD Q2 2017 is well above any number over the last several years, including the 111 sales from YTD Q2 2016. Months’ of inventory dropped to 8.7 months, decreasing 49.0% compared to Q2 2016.

Remember that every home and situation is unique. For specific guidance with your current or future home, visit listsothebysrealty.com.

That’s the Oahu Quarterly Luxury Market Report for this quarter. Check back soon for the latest.

Neighborhoods 2017 YTDMedian Sales Price

2016 YTDMedian Sales Price





Aina Haina Beach – – $1,137,500 $1,158,000 $900,000 –

Beachside $1,932,500 $3,812,500 $2,185,000 $2,498,000 $1,710,000 $2,725,000

Black Point – $2,175,000 $3,487,500 $2,579,068 $6,200,000 $2,400,000

Diamond Head $2,100,000 $2,668,000 $2,312,500 $2,284,444 $2,550,000 $2,150,000

Dowsett $2,175,000 $1,270,000 $1,091,000 $1,341,000 $2,000,000 $680,000

Hawaii Loa Ridge $2,355,000 $2,053,000 $3,225,000 $2,861,500 $1,850,000 $1,592,500

Hillcrest $1,200,000 – – $1,160,000 $1,200,000 $925,750

Kahala Area $2,100,000 $2,319,000 $3,075,000 $2,600,000 $1,867,250 $1,900,000

Kamehame Ridge $945,000 $1,175,000 – $830,000 $1,034,444 –

Koko Kai $2,550,000 $2,185,000 $2,565,000 $2,656,500 $1,990,000 $2,450,000

Lanikai $1,865,000 $2,585,000 $1,645,000 $2,447,875 $1,680,000 $1,516,500

Makiki Heights $1,525,000 $1,385,000 $1,335,000 $1,602,500 $1,050,000 $1,150,000

Manoa Area $1,220,000 $1,091,500 $1,197,117 $975,000 $1,058,888 $1,022,000

Manoa-Woodlawn $1,392,500 $1,175,000 $1,177,250 $1,187,500 $865,000 $857,000

Maunalani Heights $1,322,500 $1,279,000 $1,100,000 $977,100 $1,257,500 $880,000

Napali Haweo $1,812,500 $1,357,500 $1,875,000 $2,275,000 $1,675,000 $1,919,500

Niu Beach – $2,200,000 $3,500,000 $965,420 $4,050,000 $2,252,500

Pacific Heights $951,000 $1,000,630 $1,109,500 $1,525,694 $731,500 $1,065,000

Paiko Lagoon $3,327,500 $1,742,500 $1,300,000 $2,400,000 $754,988 –

Portlock $2,600,000 $2,365,000 $2,700,000 – $3,650,000 $2,700,000

Puupanini – $949,000 $1,450,000 $4,338,000 $872,000 $2,300,000

Tantalus – $1,350,000 $1,700,000 $1,050,000 – –

Triangle $812,000 $1,425,000 $1,470,000 $1,402,000 $1,215,000 $1,140,000

Waialae Golf Course $3,737,563 $1,999,999 $5,663,000 $2,200,000 $1,520,000 $1,510,000

Waialae Iki $1,719,000 $1,688,000 $1,630,000 $1,550,000 $1,487,500 $1,265,000

Waialae Nui Ridge $1,489,000 $1,472,500 $1,857,500 $1,365,000 $1,200,000 $1,025,000

Wailupe Area $3,200,000 $2,100,000 $1,707,500 $4,525,000 $1,775,000 –

dash = no sales in the time period

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OAHU LUXURY NEIGHBORHOOD DETAIL THROUGH SECOND QUARTER 2017

Continued from Page 1


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SINGLE FAMILY CONDOMINIUM

$1 - $2 MILLION $800 THOUSAND - $1 MILLION

$1 MILLION +$3 - $5 MILLION

$2 - $3 MILLION

$5 MILLION +

LIST Sotheby’s International Realty4211 Waialae Avenue, Suite 100 | Honolulu, HI 96816(808) 735-2411

ARTFULLY UNITING EXTRAORDINARY HOMES WITH EXTRAORDINARY LIVES®

SALES ACTIVITY

145178

234

292318

370

2012 YTD 2013 YTD 2014 YTD 2015 YTD 2016 YTD 2017 YTD

2

8

6

11 11

7


2330

42

29

5156


1715

25

20

16

22


-20.0%-20.0%+66.7%-11.8%

+75.9%-31.0%+40.0%+30.4%+8.9%+24.8%+31.5%+22.8%

0.0%+83.3%-25.0%+300.0%

+16.4%

-36.4%

+9.8%

+37.5%

40

63

86104 109

140


46

7593 89

111

235


+4.8%+20.9%+36.5%+57.5%

+24.7%-4.3%+24.0%+63.0%

+28.4%

+111.7%

Brian McDonaldREALTOR ASSOCIATE® ABR CLHMS GRI SRES

RS-78016808 [email protected]


Aloha - isvr.acceleragent.com home and two condominium price segments. Single-family home sales...

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