FOREIGN INVESTMENT - listsothebysrealty.com · sented by LIST Sotheby’s International Realty. ... homes sold. This price point has 6.2 ... Niu Beach $3,420,000:

All Data from the HiCentral MLS, Ltd. Powered by ShowingTime 10K. Visit www.ListSothebysRealty.com | 1

37.1% to 22 homes sold, down from 35. With a combination of fewer sales and low sample size, months’ of inventory shot up by 85.3% to 17.1 months.

Single-family homes priced from $3 to $5 million – up nicely when Q4 2014 was compared to Q4 2013 – dipped by two homes sold compared to last year, a 14.3% decline. The 12 homes that sold in this range still represent four more than in Q4 2013. Months’ of inventory rose 36.2% to 23.4 months.

In the last quarter of 2015, four homes were sold in our top segment of sin-gle-family homes sold at $5 million or higher. Homes in four Oahu neigh-borhoods were represented: Dowsett, Kahala, Diamond Head and Beachside, including a seller and a buyer repre-sented by LIST Sotheby’s International Realty.

Before we look at luxury condos, here’s a quick view of Oahu’s overall market last year as reported by the Honolulu Board of REALTORS®.

In 2015, 3,455 single-family homes were sold on Oahu, up 5.2% compared to 2014. The median sales price in that category closed the year at $700,000, up 3.7% from 2014.

Meanwhile, 5,028 condominiums were sold in 2015, an increase of 4.5%. The condominium median sales price closed the year at $360,000, representing a 2.9% increase over 2014. In addition, both segments closed the year with less than 3 months of inventory.

The luxury condo market performed well during Q4 2015. Sales in the $800 thousand to $1 million range were up

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-fam-ily home and two condominium price segments.

Single-family home sales for Q4 2015 priced from $1 to $2 million increased 5.5% compared to Q4 2014, with 135 homes sold. This price point has 6.2 months’ supply of inventory, a decrease compared to last year at this time of 3.3% but still ranging within a balanc-ing point for buyers and sellers.

For single-family homes in the $2 to $3 million range, sales decreased by

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

2013 # $

JAPAN 28 $39,859,700

HONG KONG 4 $5,320,000

CHINA 3 $5,120,000

CANADA 2 $2,601,708

SINGAPORE 2 $2,460,000

2012 # $

JAPAN 27 $37,331,600

CANADA 6 $7,320,000

CHINA 3 $4,101,125

KOREA 3 $3,785,000

FOREIGN INVESTMENT

$1 - $2 MILLION

$2 MILLION +

Source: Title Guaranty Hawaii

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

2013 # $

JAPAN 21 $56,616,300

HONG KONG 4 $9,575,000

AUSTRALIA 2 $8,450,000


BRAZIL 1 $3,000,000

2012 # $

JAPAN 16 $52,713,800

CANADA 3 $9,134,200

TAIWAN 2 $8,038,005

AUSTRALIA 2 $4,850,000

2015 # $

JAPAN 17 $50,565,500

HONG KONG 3 $7,340,000

CANADA 2 $6,183,750


2015 # $

JAPAN 30 $42,256,250

CANADA 4 $4,643,750

CHINA 3 $3,795,000

HONG KONG 3 $3,778,725

KOREA 2 $2,370,000

Data as of 11/30/15

4th Quarter 2015


SALES ACTIVITY

Metric Year $1 - 2Million

$2 - 3Million

$3 - 5Million

$5Million +

$800,000 -$1 Million

$1Million +

CLOSED SALES

2010 306 40 23 10 70 110

2011 320 39 28 9 75 113

2012 348 64 34 10 85 117

2013 471 64 32 14 120 150

2014 496 100 46 16 165 182

2015 606 83 43 18 213 164

MEDIAN SALES PRICE(in millions)

2010 $1.25 $2.45 $3.60 $6.95 $0.88 $1.63

2011 $1.25 $2.35 $3.40 $6.10 $0.90 $1.55

2012 $1.26 $2.25 $3.51 $6.73 $0.90 $1.35

2013 $1.28 $2.35 $3.48 $9.00 $0.88 $1.31

2014 $1.26 $2.30 $3.86 $6.40 $0.88 $1.43

2015 $1.28 $2.40 $3.50 $7.95 $0.88 $1.32

MONTHS SUPPLYOF INVENTORY

2010 8.5 19.5 21.0 29.6 11.0 13.1

2011 8.4 19.1 18.6 37.6 10.3 15.7

2012 4.2 9.3 15.2 20.0 7.1 9.2

2013 7.0 14.8 20.2 21.0 7.7 14.2

2014 6.4 9.2 17.2 33.2 7.5 13.8

2015 6.2 17.1 23.4 38.4 8.1 19.3

SINGLE-FAMILY CONDO

SINGLE FAMILY & CONDO

CONDOMINIUM

HISTORICAL GRAPH

HISTORICAL GRAPH

$1 Million + Q4 2006 Q4 2009 Q4 2012 Q4 2015

Closed Sales

Median Sales Price

Months Supply of Inventory

$1 Million + Q4 2006 Q4 2009 Q4 2012 Q4 2015

Closed Sales

Median Sales Price

Months Supply of Inventory


36.4% compared to Q4 2014. Months’ supply of inventory was up by 6.8% to 8.1 months.

Q4 2015 sales for condos priced at $1 million and higher decreased by 18.6% compared to Q4 2014, but the 35 closed sales total was still higher than the 28 that sold in this range during Q4 2013. Months’ of inventory rose to 19.3, an increase of 39.5%. Inventory is certainly available for those in the market.

Remember that every home and situ-ation 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 2015 Median Sales Price

2014 Median Sales Price





Aina Haina Beach $1,395,000 $2,700,000 $900,000 - $2,000,000 $3,350,000

Beachside $2,217,500 $1,922,500 $1,807,500 $1,615,000 $1,687,500 $1,712,500

Black Point $3,350,000 $1,800,000 $6,200,000 $2,400,000 $2,210,000 $3,375,000

Diamond Head $2,875,000 $2,288,888 $2,200,000 $2,150,000 $2,062,500 $2,075,000

Dowsett $1,255,000 $1,333,000 $1,015,000 $977,500 $1,155,000 $950,000

Hawaii Loa Ridge $2,100,000 $2,540,000 $1,946,500 $1,781,000 $1,590,000 $1,633,750

Hillcrest $1,061,000 $974,500 $1,200,000 $917,875 $980,000 $904,000

Kahala Area $2,200,000 $2,200,000 $1,940,000 $1,925,000 $1,790,000 $1,600,000

Kamehame Ridge $1,152,500 $830,000 $1,268,888 $1,250,000 $1,000,300 $1,115,000

Koko Kai $2,425,000 $2,520,000 $1,990,000 $2,200,000 $1,701,250 $2,700,000

Lanikai $1,807,500 $2,745,750 $1,665,000 $1,525,000 $1,295,000 $1,682,500

Makiki Heights $1,575,000 $1,590,000 $1,125,000 $1,078,578 $1,875,000 $927,500

Manoa Area $1,214,617 $999,000 $1,150,000 $999,999 $975,000 $950,000

Manoa-Woodlawn $1,134,750 $1,126,500 $1,049,500 $949,000 $815,000 $899,500

Maunalani Heights $1,100,000 $981,500 $1,150,000 $950,000 $1,425,000 $1,088,000

Napali Haweo $1,650,000 $1,660,000 $1,670,000 $1,900,000 $1,407,500 $1,321,500

Niu Beach $3,420,000 $2,408,000 $4,050,000 $1,850,000 $2,400,000 $1,840,000

Pacific Heights $999,000 $1,330,750 $752,500 $950,000 $720,000 $1,146,100

Paiko Lagoon $1,155,000 $2,400,000 $1,050,000 $2,270,000 $3,150,000 $2,500,000

Portlock $2,700,000 - $2,875,000 $3,100,000 $3,175,000 $2,183,500

Puupanini $998,500 $1,299,000 $872,000 $970,000 $1,162,500 $1,100,000

Tantalus $1,700,000 $1,050,000 $1,108,000 $770,000 $1,200,000 -

Triangle $1,312,500 $1,225,000 $1,215,000 $1,059,500 $919,500 $925,000

Waialae Golf Course $2,410,000 $2,125,000 $3,350,000 $1,530,000 $4,650,000 $2,300,000

Waialae Iki $1,630,000 $1,625,000 $1,487,500 $1,294,375 $1,250,000 $1,300,000

Waialae Nui Ridge $1,362,500 $1,248,888 $1,220,000 $1,040,000 $940,000 $925,000

Wailupe Area $1,770,000 $2,200,000 $1,775,000 $1,900,000 $1,350,000 $1,530,000

OAHU LUXURY NEIGHBORHOOD DETAIL

CONTINUED FROM PAGE 1

dash = no sales in the time period

Sign up for our monthly market newsletter and more at www.ListSothebysRealty.com.日本語 www.ListHawaii-mls.com.


CLOSED SALES

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®

70 75 85

120

165

213

2010 2011 2012 2013 2014 2015

+37.5%+41.2%+13.3%+7.1% +29.1%

110 113 117

150

182164

2010 2011 2012 2013 2014 2015

+21.3%+28.2%+3.5%+2.7% -9.9%

306 320 348

471 496

606

2010 2011 2012 2013 2014 2015

+5.3%+35.3%+8.7%+4.6% +22.2%

40 39

64 64

100

83

2010 2011 2012 2013 2014 2015

+56.3%0.0%+64.1%-2.5% -17.0%

2328

34 32

4643

2010 2011 2012 2013 2014 2015

+43.8%-5.9%+21.4%+21.7% -6.5%

10 9 10

1416

18

2010 2011 2012 2013 2014 2015

+14.3%+40.0%+11.1%-10.0% +12.5%

Documents

FOREIGN INVESTMENT - listsothebysrealty.com · sented by LIST Sotheby’s International Realty. ... homes sold. This price point has 6.2 ... Niu Beach $3,420,000: