Oahu Real Estate Market Update – March 2026

The Oahu real estate market is showing mixed signals as we move through 2026. While single-family home sales are surging, the condo market is experiencing slower activity. This is creating opportunities depending on your position as a buyer or seller.

Let’s break down what’s happening and what it means for you.

Single-Family Home Market: Strong Growth Continues

March brought a significant boost to Oahu’s housing market. Single-family home sales increased by 26.2% year-over-year, rising from 206 sales in March 2025 to 260 sales in March 2026. At the same time, prices continued to climb. The median home price rose 3.4%, reaching $1,199,500, just slightly below February’s record-breaking $1.2 million mark. Despite this growth, homes are taking longer to sell. The median days on market increased by 40%, from 15 days to 21 days. This suggests that while demand remains strong, buyers are becoming more selective.

What this means:

• Sellers can still benefit from strong pricing
• Buyers may have slightly more negotiating power than before
• The market is stabilizing rather than overheating

Condo Market: A Shift Toward Buyers

The condo market tells a different story. Condo sales declined by 4.9%, dropping from 369 sales last year to 351 this March. However, prices still saw a modest increase, with the median condo price rising 2% to $510,000. One of the biggest indicators of change is inventory. Oahu currently has 6.3 months of condo inventory, which signals a buyer’s market (anything above six months). Additionally, condos are taking longer to sell, with median days on market increasing from 40 to 43 days.

What this means:

• Buyers have more choices and leverage
• Sellers may need stronger pricing or marketing strategies
• Stagnation in some segments is creating opportunities

Inventory and Absorption Rates Explained

A key factor shaping the market right now is absorption rate—the time it would take to sell all current listings at the current pace.

• Single-family homes: 2.8 months (seller-leaning market)
• Condos: 6.3 months (buyer-leaning market)

This contrast highlights a split market where strategy matters more than ever.

How to Sell in a Slower Market

With some listings sitting longer (especially in the condo space) traditional selling methods may not always deliver results. One increasingly effective strategy is auction-based selling, which can create urgency and competition among buyers. In fact, a recent sale in a gated community in Ewa Beach exceeded expectations, selling for $125,000 over the starting bid.

For sellers dealing with stagnant listings, innovative approaches like auctions can make a significant difference.

Final Thoughts: What Should You Do Next?

Oahu’s real estate market in March 2026 presents a unique mix of opportunity and caution: The home market remains strong, but is showing signs of slowing pace The condo market favors buyers, with increased inventory and longer selling times Strategic pricing and marketing are more important than ever Whether you’re buying, selling, or investing, understanding these trends can help you make smarter decisions in today’s evolving market.

When Architecture and Location Align

There are certain properties that stand out the moment you see them... homes where architecture, location, and history all come together. This was exactly the case with a mid-century modern home tucked away at the base of Diamond Head.

Mid Century Modern Home at the Base of Diamond Head

Set in one of the most iconic neighborhoods on Oahu, this home offered more than just a place to live. It represented a blend of timeless design and generational ownership, making it a rare opportunity in today’s market. Even more remarkable, it sold during the uncertainty of COVID for hundreds of thousands over its starting price.

The Enduring Appeal of Mid-Century Modern Homes

Mid-century modern homes continue to attract buyers who value both design and functionality. This particular property, designed by Potter & Potter, reflected the core principles that define the style—clean lines, open spaces, and a seamless connection between indoor and outdoor living.

Mid Century Modern Home Designed by Potter and Potter

In Hawaii, this architectural approach is especially powerful. Natural ventilation, shaded overhangs, and intentional layouts allow homes to work with the environment rather than against it. These ideas echo the work of influential architects like Vladimir Ossipoff and Alfred Preis, whose designs helped shape modern island living.

Indoor Outdoor Living and Natural Ventilation

For many buyers, owning a mid-century modern home isn’t just about aesthetics. It’s about owning a piece of architectural history that still feels relevant today.

Why Diamond Head Continues to Command Premium Value

Location has always been one of the most important drivers in real estate, and Diamond Head remains one of the most sought-after areas in Hawaii. Its proximity to Waikiki, coastal views, and established neighborhoods make it a consistent draw for both local and international buyers.

Proximity to Waikiki

What makes this case especially compelling is the combination of that prime location with a distinctive architectural style. While many homes can benefit from being in Diamond Head, far fewer offer the uniqueness of mid-century modern design. That combination creates a level of scarcity that naturally drives demand.

A Property With Deep Historical Roots

Beyond its design and location, this home carried a deeper story. It had been owned by a Kamaʻāina family since the time of the Great Mahele, a pivotal moment in Hawaii’s history that reshaped land ownership across the islands. Generational properties like this are increasingly rare. Over time, land is divided, sold, or redeveloped, making it uncommon to find homes that have remained within the same family for so long. That sense of legacy added an intangible value that resonated with buyers.

Navigating a Sale During COVID

Timing played a major role in this story. The home was brought to market in 2020, just as COVID began to disrupt travel and everyday life. For a property that would typically attract out-of-state or international buyers, this created immediate challenges.

Travel restrictions made in-person showings difficult, and uncertainty in the market caused hesitation for many buyers. However, the situation also accelerated the use of virtual tools, allowing serious buyers to engage with the property remotely. Over time, as travel gradually reopened, interest translated into action. What initially appeared to be a disadvantage ultimately became part of the opportunity.

A Strategic Approach to Maximizing Value

To ensure the property reached its full potential, the decision was made to sell using a non-distressed auction through Harcourts Island Real Estate. This approach allowed for a more controlled and competitive environment, where buyers could engage with confidence.

By preparing a complete due diligence package upfront, including inspections and disclosures, buyers had clarity from the beginning. This transparency helped build trust and encouraged stronger offers. Instead of negotiating in a traditional back-and-forth format, the auction created momentum that ultimately pushed the final price well beyond expectations.

An Unexpected Challenge Before Closing

Even with careful preparation, real estate transactions can still present surprises. In this case, a title issue surfaced just weeks before closing. It was discovered that the property had once consisted of two separate parcels, and one of them had not been properly included in the trust.

Subject Property had 2 Former Parcels

Resolving this required legal intervention and probate, delaying the closing by several months. While the situation was ultimately resolved and the sale completed successfully, it served as a reminder that even thorough due diligence has its limits. Complex ownership histories can reveal issues at any stage of a transaction.

What This Case Study Teaches

This sale highlights the strength of combining a unique property with a thoughtful strategy. A mid-century modern home in Diamond Head already holds strong appeal, but how it is positioned in the market can make a significant difference in the final outcome.

Swimming Pool

It also shows that challenging market conditions do not necessarily limit results. With the right approach, they can create opportunities to stand out and achieve exceptional value.

Final Thoughts

Selling a home during a global pandemic is not something most people would plan for. Yet in this case, the combination of architectural significance, prime location, and strategic execution led to an outstanding result.

For sellers, it reinforces the importance of positioning and preparation. For buyers, it underscores the value of acting decisively when a rare opportunity presents itself.

In a market like Diamond Head, especially when it comes to mid-century modern homes, those opportunities do not come around often. Feel free to contact David to learn more about mid-century modern homes on Oahu, Diamond Head homes or Harcourts Auctions.

Honolulu Housing Market Sees Major Gains in Early 2026

The Honolulu real estate market is off to a powerful start in 2026, with several neighborhoods across Oahu experiencing significant increases in both home sales and property values. From dramatic price jumps to surging transaction volumes, February’s data reveals a market full of momentum.

If you’re considering buying, selling, or investing in Hawaii real estate, understanding these local trends is essential.

Aina Haina to Kuliouou Home Sales Jump 133%

One of the most notable highlights comes from the Aina Haina to Kuliouou region, where home sales skyrocketed by 133% year-over-year.

• February 2025: 3 home sales
• February 2026: 7 home sales

While the total number of transactions remains relatively small, the sharp increase signals growing demand in this East Honolulu corridor. Buyers are clearly showing renewed interest in these residential communities.

Moanalua to Salt Lake Leads in Price Appreciation

When it comes to price growth, Moanalua to Salt Lake stole the spotlight.

• Median price (Feb 2025): $610,000
• Median price (Feb 2026): $1,020,000
• Increase: 67%

This significant jump in median home prices suggests strong buyer competition and potentially limited inventory in the area. For homeowners, this represents a substantial gain in equity.

Waialae to Kahala Condo Sales Double

The condo market also showed impressive gains, particularly in Waialae to Kahala.

• February 2025: 3 condo sales
• February 2026: 6 condo sales
• Increase: 100%

This doubling in sales volume indicates renewed confidence in the condo market, especially in desirable, higher-end neighborhoods like Kahala.

Kapahulu to Diamond Head Condo Prices Surge 231%

Perhaps the most eye-catching statistic comes from the Kapahulu to Diamond Head area, where condo prices saw a staggering 231% increase year-over-year.

• Median price (Feb 2025): $605,000
• Median price (Feb 2026): $2,000,000

This dramatic rise may be influenced by a higher number of luxury sales in premium locations such as Diamond Head and the Gold Coast, which can significantly shift median price data.

What’s Driving These Trends?

Several factors could be contributing to these market shifts:

• Increased demand for island living
• Limited housing inventory in key neighborhoods
• A rise in luxury property transactions
• Continued interest from both local and mainland buyers

It’s also important to note that smaller sample sizes in certain areas can amplify percentage changes, making the increases appear more dramatic.

Final Thoughts on the Honolulu Market

February 2026 highlights a strong and dynamic Honolulu real estate market, with growth across both single-family homes and condos. While some increases are driven by smaller data sets, the overall trend points toward continued demand and rising values across Oahu.

Whether you’re looking to enter the market or capitalize on rising prices, staying informed on these local trends is key to making smart real estate decisions. Feel free to contact us for further help.

The Oahu housing market has reached a historic milestone. In February 2026, the median price for a single-family home on Oahu surpassed $1.2 million for the first time ever, signaling continued strength in Hawaii’s real estate market.

While home prices and sales activity are rising, the condo market is showing a more balanced pace with slightly slower sales and longer time on market. Below is a breakdown of the most important trends shaping the Oahu real estate market this month.

Oahu Single-Family Home Prices Hit a Record High

The biggest headline from February 2026 is the record-breaking median home price.

• Median home price (Feb 2026):$1,205,000
• Median home price (Feb 2025): $1,185,000
• Year-over-year increase: 1.7%

Crossing the $1.2 million threshold is a major milestone for the Oahu housing market. Historically, this is the highest median home price ever recorded. For homeowners, this reflects continued appreciation in property values. For buyers, it highlights the ongoing competitiveness of the Oahu housing market.

Oahu Home Sales Increased in February

Despite rising home prices, buyer demand remains strong. Single-family home sales increased compared to last year:

• Homes sold in Feb 2026: 177
• Homes sold in Feb 2025: 167
• Year-over-year change: +6%

An increase in sales alongside rising prices indicates a healthy and active market. Buyers are still entering the market despite higher prices and interest rate considerations.

Homes Are Selling Faster on Oahu

Another sign of strong demand is the drop in median days on market.

• Feb 2025: 23 days
• Feb 2026: 17 days
• Change: 26% faster sales

Homes selling more quickly typically indicate low inventory and strong buyer competition. Sellers in many Oahu neighborhoods are still seeing relatively quick transactions.

Oahu Condo Market Update – February 2026

While the single-family home market continues to gain momentum, the condo market remains more stable.

Condo Prices

• Median condo price (Feb 2026): $500,000
• Median condo price (Feb 2025): $494,000
• Price increase: 1.2%

Condo prices have increased modestly, but not at the same pace as single-family homes.

Condo Sales

• Condos sold Feb 2026: 291
• Condos sold Feb 2025: 293
• Year-over-year change: -0.7%

Sales activity has remained mostly flat, with only two fewer transactions compared to the previous year.

Condos Are Taking Longer to Sell

One notable trend in the condo market is the increase in days on market.

• Feb 2025: 48 days
• Feb 2026: 56 days
• Increase: 16.7%

This trend has been developing since early 2024 and suggests that buyers are taking more time to evaluate condo purchases, likely due to HOA fees, insurance costs, and broader market considerations.

What These Trends Mean for Oahu Buyers and Sellers

For Home Sellers

• Record-high home prices
• Homes selling faster
• Strong buyer demand

For Home Buyers

• Competitive single-family home market
• Limited inventory in some neighborhoods
• Continued appreciation in property values

For Condo Sellers

• Gradual price increases
• Longer marketing times
• More balanced buyer demand

Understanding these market trends can help buyers and sellers make smarter real estate decisions in 2026.

Oahu Real Estate Forecast for 2026

While no one can predict the market with certainty, the February numbers suggest several ongoing trends:

• Home prices remain historically high
• Buyer demand continues despite affordability challenges
• Condo markets are stabilizing with longer selling timelines

If these trends continue, the Oahu housing market may see continued steady appreciation throughout 2026 rather than rapid price spikes. Questions About the Oahu Real Estate Market? If you're thinking about buying or selling property on Oahu, understanding neighborhood-level trends can make a huge difference. Whether you're looking at a specific condo building, neighborhood, or investment property, local expertise helps you make informed decisions.

David Buck | Harcourts Island Real Estate

📞 808-371-3509

Reach out anytime for insights on the latest Oahu real estate trends.

Frequently Asked Questions About the Oahu Housing Market

Why did Oahu home prices reach $1.2 million?

Strong buyer demand, limited housing inventory, and long-term population growth have contributed to rising property values across Oahu.

Are condos slowing down on Oahu?

Condo prices are still increasing, but sales have slowed slightly and properties are taking longer to sell compared to single-family homes.

Is 2026 a good time to buy a home on Oahu?

It depends on your financial goals and timeline. Buyers who plan to hold property long-term may still benefit from owning real estate in Hawaii’s historically appreciating market.

Oahu Real Estate Market Update – January 2026

Did home sales really jump 133% on the Windward Coast of Oahu? Yes and that was the biggest sales increase across the island this past month. January 2026 brought notable shifts in the Oahu real estate market, from rising median prices on the Windward Coast to major condo appreciation near Diamond Head. Here’s a breakdown of what’s happening in single-family homes and condos across the island.

Windward Coast Single-Family Homes Lead the Island

The Windward Coast of Oahu, stretching from Kaneohe north to Hauula, saw the strongest growth in home sales island-wide.

Key Highlights:

• Home sales increased 133% month-over-month
• Transactions rose from 3 to 7 sales
• Median sales price increased 27% year-over-year
• Prices climbed from $1,180,000 to $1.5 million

While seven transactions may seem small, percentage growth at this level signals renewed buyer activity and strong demand in this coastal region.

Island-Wide Single-Family Home Trends

According to data tracked by the Honolulu Board of Realtors, most neighborhoods saw softer activity in January.

Out of 21 major neighborhoods:

• 8 experienced declining home sales
• 7 were flat
• Only 6 saw increases

After a strong year overall, January showed signs of cooling or stabilization in many parts of Oahu’s housing market.

Waipahu Condos Show Strong Momentum

When it comes to condo sales, Waipahu stood out as the top-performing neighborhood.

Condo Sales Growth:

• Up 67% year-over-year
• Transactions increased from 9 to 15

This makes Waipahu the strongest condo market on Oahu for January 2026 in terms of sales growth. Increased affordability compared to metro Honolulu areas continues to make Waipahu attractive to buyers.

Diamond Head to Kapahulu Condo Prices Surge 110%

The most dramatic shift in appreciation occurred in the Diamond Head to Kapahulu region.

Appreciation Highlights:

• Median condo price increased 110%
• Prices rose from $567,000 to $1,192,000

Large jumps like this typically happen when:

• More fee simple properties sell compared to leasehold units
• Higher-end properties in the Gold Coast close in greater numbers
• Fewer lower-priced leasehold transactions skew the median upward

When median prices rise above $1 million in this area, it often reflects stronger activity among premium oceanfront properties.

What This Means for Buyers and Sellers

January 2026 showed a mixed but opportunity-filled Oahu real estate market:

• Select neighborhoods are seeing explosive growth
• Others are stabilizing after a strong year
• Condo appreciation is outperforming single-family homes in several areas
• Median price swings can reflect shifts in property types sold

Every neighborhood on Oahu behaves differently. Monthly data matters. If you are considering buying or selling, understanding hyper-local trends is critical in today’s market.

Final Thoughts on the January 2026 Oahu Housing Market

The Windward Coast led the island in both sales growth and appreciation. Waipahu dominated condo transaction growth. Diamond Head to Kapahulu saw extraordinary condo price appreciation. The takeaway? The Oahu housing market is not moving uniformly. Strategic decisions require neighborhood-specific insights and current data. If you have questions about buying, selling, or investing in Oahu real estate, staying informed month-to-month can make a significant difference.

The Oahu real estate market showed steady but shifting trends in January 2026. While overall home sales dipped slightly compared to last year, prices remained stable and inventory levels continued to tell two very different stories for single family homes and condos.

Single Family Home Market on Oahu

Single family home sales on Oahu were down just 1 percent year over year. In January 2025, there were 196 closed sales compared to 194 in January 2026. This small difference shows that demand remains relatively consistent and does not indicate a major market shift.

The median home price increased slightly by 0.2 percent. Last year, the median price was $1,120,000. This January, it rose to $1,122,500. While the increase is modest, it reinforces the overall price stability in the Oahu housing market.

Median days on market rose from 25 days to 27 days, an increase of 8 percent. Even with this change, homes are still selling quickly by historical standards.

Inventory remains the most important factor. The number of single family homes for sale dropped 8.2 percent compared to last year. Inventory declined from 734 homes to just 674. Anything below 800 homes is considered low inventory on Oahu, and being under 700 highlights how tight the market remains.

Oahu Condo Market Trends

The condo market continues to move in a different direction. Condo sales declined 4.8 percent year over year, dropping from 312 sales last January to 297 this year.

Median condo prices also softened. In January 2025, the median price was $539,500. This year, it decreased to $529,000, a 1.9 percent decline.

Days on market for condos increased significantly. The median rose from 39 days to 47 days, a 20.5 percent increase. This gives buyers more time to evaluate options and negotiate.

Condo inventory increased 5.8 percent year over year. Listings rose from 2,088 units to 2,210, continuing a trend of rising supply in the condo segment.

What This Means for Buyers and Sellers

For single family homes, low inventory continues to support prices and competition remains strong. Sellers benefit from limited supply, while buyers need to be prepared to act quickly.

For condos, increasing inventory and longer days on market suggest more opportunities for buyers. Looking back in the future, the years from 2024 through 2026 may be viewed as strong long term buying windows for Oahu condos.

Final Thoughts on the January 2026 Oahu Market

The Oahu real estate market remains balanced overall, with stability in single family homes and growing flexibility in the condo market. Understanding these differences is key whether you are buying, selling, or investing.

If you have questions about buying or selling real estate on Oahu, contact David Buck with Harcourts Island Real Estate at 808-371-3509 for local expertise and guidance.

What’s Really Happening in the Oahu Housing Market Right Now?

If you’ve been watching the Oahu real estate market closely, December 2025 delivered some surprising data. From a 250% spike in North Shore home sales to sharp contrasts between single-family homes and condos, the market continues to shift in meaningful and highly localized ways.

In this monthly Oahu real estate market update, we’ll break down the most important trends across the island, highlight which neighborhoods are leading appreciation, and explain what buyers and sellers should be paying attention to heading into the next cycle.

North Shore Oahu Home Sales Jump 250%

The most eye-catching statistic this month came from the North Shore of Oahu, where single-family home sales surged 250% year over year, increasing from just two sales last December to seven this month.

While the percentage sounds dramatic, the key takeaway is momentum. Buyer activity has clearly returned to this area, signaling renewed confidence in North Shore real estate after a quieter period.

Across the island, the single-family home market showed solid health:

• 11 of 21 major Oahu neighborhoods saw increased home sales
• 5 neighborhoods were flat
• 5 neighborhoods experienced declines

Overall, this points to a stabilizing (and in many areas a strengthening) single-family home market on Oahu.

Waialae to Kahala Leads Oahu in Home Price Appreciation

When it comes to appreciation, Waialae to Kahala stood out as the strongest-performing neighborhood on the island. The median sales price jumped from $1,790,000 to $3,217,788, representing an 80% year-over-year increase. This dramatic rise is largely driven by one critical factor: extremely limited inventory. There were no active listings on or near Waialae Country Club. There were very few overall transactions, especially at lower price points.

Because only higher-end properties traded this year, the median price rose sharply. This data includes surrounding areas such as Waialae Nui Ridge and Waialae Iki, not just the golf course itself. Historically, Waialae, Kahala, and Diamond Head tend to be early indicators of broader Oahu appreciation, making this a trend worth watching closely.

Condo Sales Tell a Different Story Across Oahu

Unlike single-family homes, the Oahu condo market remains mixed. Only:

• 7 of 21 neighborhoods saw condo prices rise year over year
• 3 neighborhoods were flat
• 11 neighborhoods declined

This divergence highlights a critical truth about Oahu real estate: every condo building is its own micro-market. Some condos are appreciating steadily, while others are selling for less than they did 10 years ago.

Waialae to Kahala Also Leads Condo Sales Growth

Interestingly, Waialae to Kahala didn’t just lead in home appreciation. It also recorded the largest increase in condo sales, rising 167% year over year from three transactions to eight. This reinforces the strength of the area overall and suggests sustained buyer demand across both property types.

Windward Oahu Sees the Biggest Condo Price Gains

The Windward Coast of Oahu posted the strongest condo appreciation island-wide, with prices rising 22% year over year, from $230,000 to $281,000. Yes, condos at this price point still exist on Oahu. Much of this activity likely came from buildings such as Hanohano Hale and Pats at Punaluu These projects have faced past challenges, including assessments and deferred maintenance, but pricing appears to be rebounding. For certain buyers, this may represent a strategic opportunity,  depending on risk tolerance and long-term plans.

What This Means for Buyers and Sellers on Oahu

The December 2025 data reinforces an important theme: Oahu real estate is never one market. It is dozens of micro-markets moving at different speeds:

• Some neighborhoods are accelerating
• Others are correcting
• Condo performance varies building by building
• Inventory constraints continue to drive price spikes in premium areas

Whether you’re buying, selling, or investing, understanding hyper-local data is essential to making smart decisions.

Get Expert Guidance on Oahu Real Estate

If you have questions about a specific neighborhood, condo building, or strategy for navigating the Oahu real estate market, professional guidance matters.

David E. Buck

Principal Broker, Harcourts Island Real Estate

📞 808-371-3509

Mahalo for reading, and stay tuned for next month’s Oahu market update.

A Strong Year for Oahu Luxury Real Estate

As 2026 begins, it’s clear that Oahu luxury real estate remained resilient and competitive throughout 2025. To even qualify for the top 10 list this year, a home needed to sell for more than $8 million, a threshold that highlights continued demand for premier properties across the island.

Notably, half of the top sales occurred in Diamond Head and Kahala, while the remaining sales were split between Windward Oahu, including Kailua's Beachside and Lanikai, and one standout sale on the North Shore.

The Top 10 Oahu Home Sales of 2025

#10 (Tie) – $8.5 Million

68-361 Crozier Drive, Mokuleia

This direct North Shore oceanfront home in Mokuleia, built in 1989, delivered classic beachfront living and secured its place as one of the year’s top sales.

3787A Diamond Head Road, Diamond Head

Though not directly on the ocean, this Diamond Head property featured deeded beach access, proving that proximity and access can still command premium pricing.

#9 – $8.88 Million

4462 Kahala Avenue, Kahala

This non-oceanfront Kahala home still benefited from its prestigious address, reinforcing Kahala’s reputation as one of Oahu’s most desirable luxury neighborhoods.

#8 – $9.72 Million

11 Kamani Kai Place, Kailua Beachside

Located in Kailua’s coveted Beachside neighborhood, this property offered a modest lot size on paper, but felt significantly larger thanks to the adjacent vacant parcel.

#7 – $10.4 Million

380 Lama Place, Lanikai

A modern hillside home with sweeping ocean views, this Lanikai property finally sold after several years on the market, highlighting patience paying off in luxury real estate.

#6 – $11.25 Million

1018 Mokulua Drive, Lanikai

This direct oceanfront home on Lanikai Beach exemplifies why this area consistently ranks among the most valuable beachfront locations in Hawaii.

#5 – $13.5 Million

17 Laiki Place, Kailua Beachside

Situated on a cul-de-sac directly on the ocean, this home combined beachfront living with stunning views of the Koolau Mountains.

#4 – $15.375 Million

4679B Kahala Avenue, Kahala

Returning to Kahala, this oceanfront estate continued the neighborhood’s dominance in the upper tier of Oahu luxury sales.

#3 – $18.5 Million

4819 Kahala Avenue C, Kahala

Located on Kahala’s iconic white sandy beach, this sale reinforced the premium buyers place on true beachfront properties.

#2 – $19 Million

145 & 151 Kailuana Loop, Kailua Beachside

This rare over-one-acre beachfront compound featured a swimming pool, tennis courts, and direct beach access. The property stood out not only for its size and amenities, but also for representing strong value at its price point.

#1 – $65.75 Million

4823 Kahala Avenue, Kahala

The most expensive home sale on Oahu in 2025 — and by a wide margin — this Kahala estate sold for more than three times the price of the second-highest sale. It stands as a true outlier and a defining moment for Hawaii luxury real estate.

What These Sales Tell Us About the 2026 Market

The 2025 data shows a clear trend: oceanfront homes, beach access, and premier neighborhoods continue to drive the highest values on Oahu. Kahala remains the island’s luxury epicenter, while Windward Oahu continues to attract buyers seeking lifestyle, views, and beachfront living.

As 2026 unfolds, all eyes will be on whether another outlier sale emerges — and how inventory, interest rates, and buyer demand shape the next chapter of Oahu real estate.

Thinking About Buying or Selling on Oahu?

If you have questions about luxury real estate on Oahu, beachfront properties, or market trends, expert guidance makes all the difference.

📞 Call or text David: 808-371-3509 Aloha 🌺

Sony Open 2026 and the Spotlight on Waialae Golf Course

Like clockwork, the Sony Open in Hawaii kicks off the PGA Tour season each year at Waialae Golf Course. With national coverage focused on this iconic Honolulu location, interest naturally extends beyond the fairways to the homes that line the course.

For more than a decade, I have tracked sales and inventory around Waialae. And once again in 2026, the data tells the same story: no active listings on the golf course itself.

Zero Inventory: What’s Driving Demand?

The lack of available homes on Waialae Golf Course highlights just how desirable this location has become. Several factors contribute to the ongoing inventory shortage:

• Irreplaceable location near the ocean, Kahala, and Waikiki
• Limited number of golf course frontage homes
• Strong long-term ownership, with many residents holding for decades
• Consistent demand from both local and off-island buyers

When homeowners have no reason to sell, inventory dries up and that’s exactly what’s happening along Waialae Golf Course.

The Three Neighborhoods That Front Waialae Golf Course

Although there are no homes currently for sale on the course, it’s important to understand where golf course frontage actually exists. Waialae Golf Course is bordered by three primary neighborhoods:

1. Waialae Golf Course 

This area sits directly along portions of the fairways and is known for quiet streets, central Honolulu convenience, and rare golf course views.

2. Kahala

Just around the corner from the course and home to the Waialae Country Club, Kahala remains one of Oahu’s premier luxury neighborhoods. While many homes here are oceanfront, select properties also enjoy proximity to the course.

3. Kai Nani

Located on the far side of Waialae Golf Course, Kai Nani is unique in that some homes front the golf course while others front the ocean, offering a rare combination of views and lifestyle options.

Are There Golf Course Homes Elsewhere on Oahu?

Yes - while Waialae Golf Course inventory is currently nonexistent, golf course frontage homes do exist elsewhere on Oahu. Buyers open to other locations may find opportunities with similar lifestyle benefits, though Waialae’s central location and prestige are difficult to replicate.

What This Means for Buyers and Sellers in 2026

The continued lack of inventory at Waialae Golf Course reinforces a broader trend in Oahu real estate: prime locations with limited supply continue to outperform the market. For homeowners, this often translates to strong long-term value. For buyers, it means patience, preparation, and local expertise are essential.

As the Sony Open once again shines a spotlight on Waialae, demand is unlikely to slow and inventory may remain tight well into the future.

Learn More About Waialae Golf Course Real Estate

If you’d like to learn more about Waialae Golf Course homes, Oahu golf course properties, or the Honolulu real estate market, working with a knowledgeable local expert matters.

Contact David Buck Full-time real estate broker on Oahu

Born and raised in Hawaii 📞 808-371-3509

Aloha 🌴

What Homebuyers and Sellers Need to Know Right Now

As we step into 2026, the Oahu real estate market is showing clear signs of renewed momentum. December 2025 wrapped up with strong activity across both single-family homes and condos, offering important signals for buyers, sellers, and investors heading into the new year.

David Buck of Harcourts Island Real Estate breaks down the latest data and what it means for anyone considering a move in the Oahu housing market.

Single-Family Homes on Oahu: Strong Demand, Limited Supply

Single-family homes on Oahu continued to show impressive strength in December 2025.

• 228 homes sold, up 18.4% year over year
• Median sales price: $1.1 million, a 4.3% increase from December 2024
• Median days on market: 22 days, slightly slower than last year’s 20 days
• Active inventory: 635 homes, down 5.9% year over year

Inventory remains historically low. For decades, anything below 800 homes for sale on Oahu has signaled a seller’s market. With just 2.5 months of supply, sellers continue to hold the advantage, especially for well-priced, move-in-ready homes.

Oahu Condo Market: Sales Up, Prices Adjusting

The condo market also saw increased activity, though with a different pricing trend.

• 360 condos sold, up 11.5% year over year
• Median condo price: $512,000, down 5.2% from last year’s record high
• Active condo inventory: Over 2,100 units, up 12.3% year over year
• Months of supply: 5.9 months

The key shift here is inventory. After spending most of 2025 above six months of supply (considered a buyer’s market) condos have now dipped just below that threshold. This suggests the condo market may be transitioning back toward balance or even a mild seller’s market.

Buyer Activity Is Picking Up Heading Into 2026

While the holidays typically slow real estate activity on Oahu, the final weeks of December told a different story. Buyer interest increased noticeably, with multiple properties going under contract and more showings across the island.

This uptick aligns with:

• Slightly declining interest rates
• Improved buyer confidence
• Pent-up demand after a slower few years

According to industry forecasts and National Association of Realtors projections, 2026 is expected to be a healthier, more active real estate year compared to recent cycles.

What This Means for Buyers and Sellers

Thinking of Selling?

With inventory still tight and buyer activity increasing, this could be an excellent window to list, especially before competition grows later in the year.

Thinking of Buying?

Preparation is key. Whether financing or paying cash, having your lender approvals and paperwork ready will be crucial as competition starts to return.

Final Thoughts on the Oahu Real Estate Market

December 2025 closed with positive momentum across Oahu’s housing market. Single-family homes remain firmly in seller’s market territory, while condos are showing signs of stabilization and renewed demand. As interest rates ease and activity builds, early 2026 may present strong opportunities for both buyers and sellers who are prepared.

If you have specific questions about buying, selling, or investing in Oahu real estate, connect with a trusted local expert.

📞 Contact David Buck – Harcourts Island Real Estate

Phone: 808-371-3509

Aloha, and Happy New Year 🌴