HONOLULU – Sales of luxury homes and condominiums on Oahu continued to perform well in July 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 in July 2014 on Oahu.
A total of 67 luxury homes changed hands in July, up from 62 in July 2013. The median sales price for the luxury range was $1,375,000 last month.
“We continue to see strong performances in the number of sales closed for single-family homes in the $1 million to $6 million price range compared to the first seven months of 2013,” said Patti Nakagawa, Previews International Director for Coldwell Banker Pacific Properties. “In the $6 million and higher price range, there were four closed sales year-to-date compared to seven last year.”