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.
Single-family home sales for Q2 2018 priced from $1 to $2 million increased 3.6% compared to Q2 2017, with 229 homes sold. Months’ supply of inventory dropped 13.4% compared to last year at this time to 6.4 months. Supply continues its multiyear downward trend for single-family homes at this price point.
For single-family homes in the $2 to $3 million range, sales decreased by 7.4% to 25 homes sold, down from 27 for the last two years. Months’ supply of inventory decreased 4.2% to 13.1 months for the quarter.
Single-family home sales priced from $3 to $5 million decreased by 33.3% compared to last year. Months’ supply of inventory had the largest decrease of all supply measures, down 44.2% to 14.7 months.
To learn more, download the companion print report which also showcases market statistics for a number of Oahu luxury neighborhoods including Diamond Head, Waialae-Kahala, Portlock, Lanikai and more, found here: https://lsir.us/Oahu-2018-Q2.