Oahu’s luxury real estate market has been busy this spring with a notable increase in luxury single-family home sales of 200%, compared to March 2020, according to recent statistics by the Honolulu Board of Realtors®.
According to the report a total of 48-luxury homes were sold across Oahu this March, while luxury condominiums throughout Oahu saw a total of 8 sales this march. A decrease from the 11 luxury condominiums sold this time last year.
Both luxury single-family homes and luxury condominiums throughout Oahu, Hawaii experienced an increase in their median prices this month, compared to March 2020.
While luxury homes (those priced at or above $1,800,000) now sit at a median price of $2,675,000, a 26.2% increase from this time last year, the median price for luxury condominiums this March is $2,650,000, a 21.7% increase.
In addition, both luxury single-family homes and condominiums are experiencing fewer days on the market compared to March 2020.
Read more Luxury Real Estate Market Updates here.
This Market Report has been provided by
Caron B Davis, Caron B Realty International
Click here to view her profile
March Luxury Market Report, Caron B Davis
Market Reports, Honolulu Board of REALTORS®