Aloha and also welcome to The Quarterly Luxury Market Report from List Sotheby’s International Realty, where we take a closer consider one of the most current property task right here onOahu
Our record damages the Oahu high-end residence market right into 4 single-family residence and also 2 condo rate sections.
Single- family members residence sales for Q4 2018 valued from $1 to $2 million reduced 4.7% contrasted to Q4 2017, with 205 houses marketed. Months’ supply of supply went down 18.1% contrasted to in 2015 currently to 6.0 months.
For single-family houses in the $2 to $3 million variety, sales reduced by 4.3% to 22 houses marketed, virtually despite the mark of 23 for both Q4 2017 and also Q42016 Months’ supply of supply reduced 13.8% to 11.8 months for the quarter.
Single- family members residence price from $3 to $5 million reduced by 6.7% contrasted to in 2015 to 14 houses marketed, very closely looking like the 15 houses marketed in Q4 2017 and also Q42016 Months’ supply of supply had a year-over-year decline of 30.6% to 18.3 months, which was about the exact same worth and also percent adjustment as last quarter.
Five single-family houses cost or over $5 million in Q4 2018, consisting of 3 East Oahu houses and also 2 Windward Oahu houses. The leading sale went to $15,845,000 for an oceanfront house in AinaHaina
As for condos, 5 devices enclosed the 4th quarter at or over $5 million. Three devices shut at Park Lane, consisting of the greatest sale this quarter at $23,500,000
Sales in the $800 thousand to $1 million variety for Q4 2018 were down 48.4% contrasted to Q42017 The 49 shut sales landed securely behind in 2015’s 95 sales. Months’ supply of supply was up 39.1% to 7.1 months.
Sales for condominiums valued at $1 million and also greater reduced by 79.5% contrasted to in 2015 currently, standing for a high decrease from 303 sales throughout Q4 2017 to 62 throughout Q42018 Months’ supply of supply boosted by 109.8% contrasted to Q4 2017, increasing to 12.5 months.
Remember that every residence and also scenario is distinct. For details advice with your existing or future residence, browse through listsothebysrealty.com.
To discover more, download and install the buddy print record which likewise showcases market stats for a variety of Oahu high-end communities consisting of Diamond Head, Waialae-Kahala, Portlock, Lanikai and also much more, discovered right here:.