Luxury Home Sales in 2014

Luxury single family home sales on Oahu in 2014 were lower in the upper echelon when compared to 2013, which saw 7 sales over $10 million. 2014 had just 3. 2013 also had a higher standard where $6.2 million was necessary to be in the top 10. This past year took only $5.5 million to reach the top. What was also unique is not only did the neighborhood of Kai Nani make the list, it finished off the year with the highest sale at $17 million! In addition, Lanikai had 4 of the top 10. Here's a summary of the top 10 luxury home sales on Oahu in 2014:

  1. 1025 Kaimoku Place Sold on November 26, 2014 for $17,000,000
  2. 5415/5435 Kalanianaole Hwy. Sold on September 8, 2014 for $13,500,000
  3. 974 Mokulua Dr. Sold on June 10, 2014 for $11,845,000
  4. 572C N. Kalaheo Ave. Sold on November 7, 2014 for $9,500,000
  5. 1562 Mokulua Dr. Sold on February 6, 2014 for $9,350,000
  6. 3157 Noela Dr. Sold on June 30, 2014 for $7,650,000
  7. 4447 Kahala Ave. Sold on November 26, 2014 for $7,300,000
  8. 1226 Mokulua Dr. Sold on October 14, 2014 for $6,800,000
  9. 637 Pana Pl. Sold on July 3, 2014 for $6,000,000
  10. 1456 Mokulua Dr. Sold on December 12, 2014 for $5,500,000

Top 10 Luxury Home Sales on Oahu in 2014

Luxury Condo Sales in 2014

On the condo front, the bar was raised in 2014 as $3 million was the prerequisite to make the top 10 list. However, the highest sale of the year was for $4,650,000 at Waikiki Beach Tower. This was far less than 2013's Diamond Head sale for $7.5 million. Here's a summary of the top 10 luxury condo sales on Oahu in 2014:

  1. Waikiki Beach Tower #PH3901/3902 Sold on April 14, 2014 for $4,650,000
  2. Hokua #32D Sold on February 18, 2014 for $4,300,000
  3. Hokua #20D Sold on September 8, 2014 for $4,288,000
  4. 3003 Kalakaua #6B Sold on March 14, 2014 for $4,250,000
  5. 3019 Kalakaua #5 Sold on February 27, 2014 for $4,200,000
  6. Diamond Head Apts #1001 Sold on June 27, 2014 for $3,788,888
  7. The Watermark #3405 Sold on May 15, 2014 for $3,500,000
  8. Hokua #24A Sold on October 14, 2014 for $3,190,000
  9. Hokua #26E Sold on July 29, 2014 for $3,150,000
  10. Colony Beach #8 Sold on June 10, 2014 for $3,140,000

Top 10 Luxury Condos Sales on Oahu in 2014

Unlike the previous year where Waikiki held 6 of the top 10 spots, this year saw Diamond Head and Kakaako each have 4 sales in the top 10 and Waikiki had 2. As a lot of the new projects trigger in Ala Moana, Kakaako and Waikiki over the next few years, I expect these numbers to change.