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Luxury homes sales started the year off strong, with increases in most metrics quarter-over-quarter.
Oahu Luxury Market Overview
Sales volume increased slightly, while median price rose 8.9% from Q4. Price per square foot increased over 20% and a larger proportion of luxury homes sold at or above asking price. However, homes sold 14 days slower, on average. The most active luxury price range is $1,800,000-$2,999,999, with 66% of sales in Q1. This is also the most active range for active listings, with 45.3% of homes for sale in this range. More than 50% of luxury homes sold in Q1 were sold to Hawaii residents.
Although luxury condo sales volume was lower by only one condo quarter-over-quarter, other metrics showed large decreases. Median price dropped nearly 6%, luxury condos sold about two months slower, and a much smaller percentage of luxury condos sold at or above asking price than in Q4. However, price per square foot increased over 6%, condos. Sales at Victoria Place in Kaka’ako continued to make up a large portion of luxury condo sales each month. Nearly a third of luxury condo sales were to Hawaii residents, with Japanese corporations making up almost a fifth of sales.
This Market Report has been provided by
Caron B Davis, Caron B Realty International
LuxuryHomes.com Affiliate
Sources:
Oahu Luxury Real Estate Report: Quarter 1 2025, CaronBRealty.com
