Single-Family Homes
For the luxury market, please note that we are using a new benchmark of $1,800,000 to indicate luxury. There were 48 luxury single-family home sales in March, a 200% increase compared to March 2020. The median price increased by 26.2% and homes sold 42 days faster on average. 25% of homes sold at or above listing price; overall, homes sold for 95.14% of their asking price. On average, homes sold for $989.70 per square foot.
Highest Sold Single-Family Home
Diamond Head
3 bedrooms | 3.5 baths | 3,926 square feet interior | 13,456 square feet land
Why this property is spectacular: Set on 74 linear feet of white sand beach in Diamond Head, this home is ideally situated for a variety of water activities and is also walking distance to the Waikiki.
Sold at: $10,400,000 after 369 days on market to a local attorney.
Picture from Honolulu Board of Realtors
Condominiums
There were 8 luxury condo sales in March. This is a decrease from the 11 that sold in March 2020, but the median price increased by 21.7% to $2,675,000 and condos sold 32 days faster on average. Condos sold for 94.61% of their asking price; on average, they sold for $1,829.69 per square foot.
Highest Sold Condo
Park Lane, Ala Moana
3 bedrooms | 3.5 baths | 2,791 square feet interior
Why this property is spectacular: Park Lane Ala Moana offers 24 hour residential services and unparalleled resort-style amenities, adding to the lifestyle experience.
Sold at: $9,250,000 before listing to a member of the Board of Trustee of Hawaii Museum of Art.
Picture from Honolulu Board of Realtors
In January, April, July, and October, we provide quarterly updates of the neighbor islands of Kauai, Maui, and Hawaii Island.
Kauai Market Update & Top Sales
SFH Stats February 2021 vs. February 2020
- 14 sold, up 600%
- Median Price $1,900,000, down 33%
- $698/sq ft
- Selling for 95.21% of list price, compared to 86.71%
- 40 DOM, 29 days faster
- Inventory down 36%
Condo Stats February 2021 vs. February 2020
- 16 sold, up 45%
- Median Price $1,060,000, down 4%
- $806/sq ft
- Selling for 98.04% of list price, compared to 98.36%
- 16 DOM, 64 days faster
- Inventory down 20%
Single-Family Home Top Sale
Hanalei, 5 bedrooms | 4 bathrooms |3,792 sq ft interior | 2.01 acres of land
Why this property is spectacular: 2 acres set on Hanalei Bay with incredible views.
Sold at: $29,999,000 in March before it was listed to investors from California.
Picture from Redfin.com
Condo Top Sale
Hokuala, Lihue, 4 bedrooms | 4.5 bathrooms | 2,889 sq ft interior
Why this property is spectacular: Part of the TK Resort, this townhome is located above the 15th hole of the Ocean Course. This home is oceanfront and has multiple lanais and outdoor living space.
Sold at: $5,680,000 in February before it was listed to an investment advisor from California.
Picture from Redfin.com
Maui Market Update & Top Sales
SFH Stats February 2021 vs. February 2020
- 29 sold, up 222%
- Median Price $3,550,000, up 45%
- $1060/sq ft
- Selling for 95.71% of list price, compared to 98.25%
- 130 DOM, 13 days faster
- Inventory down 41%
Condo Stats February 2021 vs. February 2020
- 25 sold, up 92%
- Median Price $1,800,000, up 18%
- $1257/sq ft
- Selling for 98.5% of list price, compared to 95.85%
- 77 DOM, 33 days faster
- Inventory down 21%
Single-Family Home Top Sale
Lahaina, 4 bedrooms | 5.5 bathrooms | 5,348 sq ft interior | .96 acres of land
Why this property is spectacular: One of only six gated homes, this property is set on 110 linear feet of Kaanapali Beach. This home has three oceanfront bedrooms, a professional kitchen, and a fully equipped gym.
Sold at: $15,750,000 in February after 50 days on the market.
Picture from Redfin.com
Condo Top Sale
Wailea Point, Kihei, 3 bedrooms | 3 bathrooms | 2,394 sq ft interior
Why this property is spectacular: Part of Wailea Point, is set on a beautiful oceanfront location. Wailea Point encompasses nearly 30 acres of beautifully manicured ground and numerous recreation activities.
Sold at: $6,800,000 in March before it was listed to a woman from Canada.
Picture from Highrises.com
Hawaii Island Market Update & Top Sales
SFH Stats February 2021 vs. February 2020
- 36 solds, up 157%
- Median Price $1,630,000, up 24%%
- $724/sq ft
- Selling for 98.27% of list price, compared to 97.38%
- 24 DOM, 21 days faster
- Inventory down 41%
Condo Stats February 2021 vs. February 2020
- 22 solds, up 83%
- Median Price $1,420,000, up 18%
- $673/sq ft
- Selling for 98.17% of list price, compared to 98.15%
- 31 DOM, 49 days faster
- Inventory down 67%
Single-Family Home Top Sale
Kukio, Kailua-Kona
4 bedrooms | 5.5 bathrooms | 6,078 sq ft interior | .96 acres land
Why this property is spectacular: Set between Kakapa Bay and Kukio Bay, this home is in an incredible location; the wall-to-wall sliding doors offer stunning ocean views.
Sold at: $34,000,000 in March before it was listed to the family of a real estate investor from California.
Picture from HapunaRealty.com
Condo Top Sale
Estate Villas at Hualalei, Kailua-Kona
5 bedrooms | 5.5 bathrooms | 4,204 sq ft interior
Why this property is spectacular: Part of the Hualelei Resort, this completely renovated condo features a newly built detached guest house. It boasts a private pool, access to luxury amenities, and beautiful ocean views.
Sold at: $8,100,000 in February after 9 days on the market to an accountant from California.
Picture from Compassrealty.com
Source: State Tax Office & Bureau of Conveyances; Title Guaranty
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
