A new monthly luxury report from Coldwell Banker Realty found that luxury home sales on Oahu rose 52% in January compared to the same month in 2021.
Single-family homes and condos sold for $2 million or more in both January 2021 and January 2022 will be more than 35 luxury homes were sold, compared with 23 in 2018.
Of the 35 deals closed in January, 17 were in the $2 million to $2.9 million price range and seven were in the $3 million to $3.9 million price range.
Home sales in the $4 million and above price range reported a staggering 450% increase, from two in January 2021 to 11 in January 2022,
the book points out.
Diamond Head had the most luxury home sales in January with six, while the Lanikai and Ala Moana neighborhoods each had three luxury home sales.
The median sales price for luxury homes has risen 14%, from $2.7 million to nearly $3.07 million.
On the other hand, sales of luxury condominiums increased by 400% year-on-year from 2 to 10 in 2021, and sales of condominiums in escrow (sales contract process) increased by 60% from 10 to 16 in 2021.
Increased has according to the report, the most expensive sale recorded in the MLS in January was a 10-bedroom, 8 full & 3 half bath (8 bathroom + toilet, 3 toilet only) detached house in Lanikai, at almost It was sold for 10.9 million dollars (about 1.25 billion yen).
Source：Pacific Business News