The year has started strong for the Oahu luxury real estate market. 37 single-family homes sold, a 68% increase over January 2019. The median price has also increased since last January – luxury homes are selling at a median of $2,100,000, up 9.6%, and are selling 17 days faster than last year. The average price per square foot for luxury homes was $830.08. The number of sold luxury homes this January is higher than it was from each month January-July 2020.
The condo market is continuing to make a slower recovery. There were 5 luxury condos sold last month; this is around what we’ve been seeing for the past several months. Condos sold 34 days faster in January than they did in December. However the median price has decreased compared to both December and last January. The average price per square foot for luxury condos was $1087.59.
To discuss the market in your area or the value of your home, please call our office at (808) 593-9826 or email concierge@caronb.com