🔑 Key Takeaways from Q1 2025:
🏡 Single-Family Home Sales Soar
Luxury single-family home sales (defined as $3M+) jumped 39% year-over-year. High demand focused on updated or modern homes in neighborhoods like Diamond Head, which saw a 200% YOY sales increase, and the North Shore, where a rare beachfront listing sold at full asking for $5.2M.
🏢 Luxury Condos Gain Traction
Luxury condo sales ($1.5M+) rose 33% compared to Q1 2024. Nearly 40% of sales occurred at Victoria Place in Kakaʻako, with standout penthouses and ocean-view units leading the pack. Notably, 42% of sales were under $2M—showing continued demand for attainable luxury.
📍 Hot Neighborhoods to Watch
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Kahala: Median price $4.675M, with 67% of sales in newly built or renovated homes.
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Diamond Head: Upgraded homes are dominating, with a $5M median.
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Waikiki & Gold Coast: High-rise luxury condos remain popular, with a notable $8.4M sale at The Ritz-Carlton Residences.
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Windward & North Shore: Lifestyle-driven buyers are gravitating toward beachfront tranquility.
🌍 Who’s Buying—and Why?
While local buyers remain a strong force, interest from California, Washington, and Texas has returned to pre-pandemic levels. International buyers—particularly from Japan and Canada—are gradually returning. What draws them in? Hawaii’s stability, lifestyle, and long-term investment appeal.
📈 What’s Next?
With market velocity picking up and luxury buyers making bold moves, we could be seeing the start of a record-breaking year. Whether you're considering buying, selling, or investing, this market rewards strategic timing and local expertise.
📌 Thinking about making your own move in O‘ahu’s luxury market? Let’s talk strategy. Team Hawaii Real Estate is here to guide you with insight, integrity, and island expertise.
View the full report here: O‘ahu Luxury Market Q1 2025 Flipbook
