HONOLULU – Consumers continue to show confidence in Oahu’s luxury real estate market in 2014. Sales of high-end homes on Oahu were up 33 percent during the first six months of 2014 compared to the same period in 2013, according to Coldwell Banker Pacific Properties (CBP), Hawaii’s leading residential real estate firm and a specialist in high-end real estate sales.
The figures are based on Multiple Listing Service (MLS) data of all single-family homes and condominiums sold for more than $1 million during the first half of 2014 on Oahu.
The first six months of 2014 recorded 392 closed sales compared to 294 for 2013. The median sale price was $1,397,500 down slightly from $1,417,500 last year.