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

to last year at this time, and months’ supply was up 12.5% to 13.7 months.

Sales of single-family homes priced from $3 to $5 million were up 57.1% over the same quarter in 2014, and months’ supply of inventory rose 35.3% to 25.1 months.

Two single-family homes sold in the $5 million-plus price range in the third quarter, including one home located at Diamond Head which sold for $5.65 million in June and one home in Kailua’s Beachside neighborhood on the Windward side of Oahu which sold for $6.875 million in August.

Closed sales were down 33.3 percent – the difference between two sales andthree sales – but months’ supply of inventory was down just 0.2% to 38.5 months.

Before we get to the luxury condo market, here’s what’s happening in Oahu’s overall market:

Sales of single-family homes in September increased by 3.5% compared to September 2014, while condominium sales increased by 15.7%. The median price paid for single-family homes increased by 7.6% to $730,000, while the median price for condominiums increased by 5.5% to $366,000.

The luxury condo market was pretty close to last year at this time as a whole. Sales in the $800 thousand to $1 million range were up 41.2% compared to the same quarter last year, and months’ supply of inventory was down 21.1%, going from 10.8 to 8.5 months.

3RD QUARTER 2015

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 for Q3 2015 priced from $1 to $2 million increased 33.6% compared to Q3 2014, with 179 homes sold. The median sales price in this segment was down a minor 1.6%, and months’ supply landed at 7.2 months.

There were 32 single-family home sales in the $2 to $3 million range, up by 39.1%. The median price for this segment increased 10.5% compared

FOREIGN INVESTMENT

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 23 $31,700,000

CHINA 3 $3,795,000

CANADA 3 $3,593,750

HONG KONG 2 $2,778,725

THAILAND 1 $1,600,000

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

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

2013 # $

JAPAN 21 $56,616,300

HONG KONG 4 $9,575,000

AUSTRALIA 2 $8,450,000

SINGAPORE 1 $3,300,000

BRAZIL 1 $3,000,000

2012 # $

JAPAN 27 $37,331,600

CANADA 6 $7,320,000

CHINA 3 $4,101,125

KOREA 3 $3,785,000

$1 - $2 MILLION

$2 MILLION +

Source: Title Guaranty Hawaii

2015 # $

JAPAN 11 $34,765,000

SINGAPORE 1 $3,250,000

CANADA 1 $2,683,750

HONG KONG 1 $2,200,000

2012 # $

JAPAN 16 $52,713,800

CANADA 3 $9,134,200

TAIWAN 2 $8,038,005

AUSTRALIA 2 $4,850,000

L U X U RY M A R K E T R E P O RT

THROUGH AUGUST 2015

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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 16 164 182

2015 YTD 471 61 31 13 152 129

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 YTD $1.27 $2.30 $3.50 $7.40 $0.89 $1.31

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 9.1 17.5 33.2 7.6 13.8

2015 YTD 7.2 13.7 25.1 38.5 8.5 18.1

SINGLE-FAMILY CONDO

SINGLE FAMILY & CONDO

CONDOMINIUM

HISTORICAL GRAPH

HISTORICAL GRAPH

$1 Million + Q3 2006 Q3 2009 Q3 2012 Q3 2015

Closed Sales

Median Sales Price

Months Supply of Inventory

$1 Million + Q3 2006 Q3 2009 Q3 2012 Q3 2015

Closed Sales

Median Sales Price

Months Supply of Inventory

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Q3 2015 sales for condos priced at $1 million and higher were down 13% compared to last year at this time. There were 40 closed sales in this price range, down from 46 sales during Q3 2014.

Months’ supply of inventory was up 33.9%, going from 13.5 to 18.1 months. Note: Not all of Oahu’s newer condominium projects are tracked via HiCentral MLS, the source of our market data.

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 2015 Median Sales Price (YTD)

2014 Median Sales Price

2013 Median Sales Price

2012 Median Sales Price

2011 Median Sales Price

2010 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 $2,485,000 $2,288,888 $2,200,000 $2,150,000 $2,062,500 $2,075,000

Dowsett $927,000 $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 $1,148,500 $974,500 $1,200,000 $917,875 $980,000 $904,000

Kahala Area $2,539,000 $2,200,000 $1,940,000 $1,925,000 $1,790,000 $1,600,000

Kamehame Ridge $1,180,000 $830,000 $1,268,888 $1,250,000 $1,000,300 $1,115,000

Koko Kai $2,007,500 $2,520,000 $1,990,000 $2,200,000 $1,701,250 $2,700,000

Lanikai $1,950,000 $2,745,750 $1,665,000 $1,525,000 $1,295,000 $1,682,500

Makiki Heights $1,350,000 $1,590,000 $1,125,000 $1,078,578 $1,875,000 $927,500

Manoa Area $1,175,000 $999,000 $1,150,000 $999,999 $975,000 $950,000

Manoa-Woodlawn $1,140,000 $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 $1,062,000 $1,330,750 $752,500 $950,000 $720,000 $1,146,100

Paiko Lagoon $1,300,000 $2,400,000 $1,050,000 $2,270,000 $3,150,000 $2,500,000

Portlock $2,973,150 - $2,875,000 $3,100,000 $3,175,000 $2,183,500

Puupanini $1,200,000 $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 $1,435,000 $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 $1,552,000 $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 THROUGH THIRD QUARTER 2015

CONTINUED FROM PAGE 1

dash = no sales in the time period

To learn more about the Oahu luxury real estate market visit: www.ListSothebysRealty.com 日本語 www.ListHawaii-mls.com.

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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®

306 320 348

471 496 471

2010 2011 2012 2013 2014 2015 YTD

+5.3%+35.3%+8.7%+4.6% -5.0%

40 39

64 64

100

61

2010 2011 2012 2013 2014 2015 YTD

+56.3%0.0%+64.1%-2.5% -39.0%

2328

34 32

46

31

2010 2011 2012 2013 2014 2015 YTD

+43.8%-5.9%+21.4%+21.7% -32.6%

109

10

1416

13

2010 2011 2012 2013 2014 2015 YTD

+14.3%+40.0%+11.1%-10.0% -18.8%

70 75 85

120

164152

2010 2011 2012 2013 2014 2015 YTD

+36.7%+41.2%+13.3%+7.1% -7.3%

110 113 117

150

182

129

2010 2011 2012 2013 2014 2015 YTD

+21.3%+28.2%+3.5%+2.7% -29.1%