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November 15.2025
2 Minutes Read

Oahu Luxury Real Estate Market Sees Record Sales in October 2025

Oahu Luxury Real Estate Market Report October 2025: Tropical landscape view with mountains and coast.

An Overview of Oahu's Luxury Real Estate Market

As we dive into the details of Oahu's luxury real estate market in October 2025, it is noteworthy that sales soared to an impressive 51, marking the highest figure since May 2022. Despite the vibrant sales activity, the median home price saw a slight decline, dropping by 4.4% to settle at $2,175,000. This dynamic interplay of sales volume and price changes paints a complex portrait of the luxury segment on the island.

Price Per Square Foot and Days on Market Insights

Interestingly, while the median price has softened, the price per square foot for luxury homes increased nearly 4% month-over-month. This suggests a rising demand for higher quality or larger properties in specific neighborhoods, even as overall prices adjust. When it comes to sales cycles, luxury homes continue to sell in a consistent timeframe of 7-8 weeks, indicating a somewhat stable demand.

Factors Influencing Sales Volumes

One key trend in October's performance was the notable number of price reductions — over 43% of homes sold featured a price drop. Such adjustments likely played a crucial role in boosting overall sales volumes. Additionally, increased inventory levels at the beginning of the month provided buyers with more options, allowing them to purchase homes that previously seemed out of reach.

The Condo Market: A Different Story

The picture in the luxury condominium market presented unique challenges. The number of luxury condos sold in October decreased slightly; however, median prices in this segment are on the rise. The median price of luxury condos increased by 4.6%, alongside a striking 13.7% jump in price per square foot. While demand exists, the number of condos sold at or above asking price dropped significantly. It was found that luxury condos took nearly two months longer to sell compared to September, largely influenced by a few lingering listings aged over 210 days.

City Neighborhoods Show Varied Performance

In terms of neighborhoods, while luxury homes around the metro area and Hawaii Kai showed strength, the Victoria Place segment seems to indicate a plateau as only one unit was sold in October. This contrasted sharply with previous months, showcasing a notable shift in consumer interest and potentially revealing buyers’ preferences for different locations.

Future Predictions and Trends

Looking forward into the remainder of 2025, analysts posit that the luxury market may continue to see fluctuations as economic conditions fluctuate and consumer confidence evolves post-pandemic. The demand for luxury properties may remain resilient given the current job market and continued interest in remote island living.

Conclusion

In conclusion, as our analysis shows, Oahu's luxury real estate market is a multifaceted landscape. With significant sales boosts amidst price adjustments and a contrasting condo market, both buyers and sellers must remain informed and agile in their strategies. Understanding current trends can empower decisions that effectively navigate this competitive environment.

To stay informed on all things Oahu real estate, be sure to check back regularly for updates and insights.

Real Estate

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