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 🌴

If you’re wondering when is the best time to sell a home on Oahu, you’re not alone. With Hawaii’s beautiful weather year-round, many homeowners assume there’s no true “selling season.” In reality, Oahu follows a very clear real estate cycle, and understanding it can make a significant difference in your sale price and timing.

With nearly 25 years of experience in the Honolulu real estate market, local broker David Buck of Harcourts Island Real Estate breaks down exactly how the Oahu housing market works and when sellers have the strongest advantage.

Is There a Selling Season in Hawaii?

Yes, and this surprises many homeowners. While Hawaii is often viewed as one single market, Oahu behaves very differently from the Neighbor Islands. Unlike Maui, Kauai, or the Big Island, where most buyers come from the mainland or overseas, approximately 75% of Oahu buyers already live on the island. Because of this, Oahu follows a more traditional mainland-style real estate cycle.

The Best Time to Sell a Home on Oahu

Spring and Summer Are Peak Selling Seasons

For most sellers, spring and summer are the strongest times to list a home on Oahu. Buyer activity increases significantly during these months due to:

• School-year transitions for families
• Job relocations
• A strong military presence on the island

Oahu is home to all five branches of the U.S. military: Army, Navy, Air Force, Marines, and Coast Guard. Military PCS (Permanent Change of Station) moves primarily occur during the summer, adding a steady wave of buyers to the market.

With more buyers actively searching, sellers typically benefit from:

• Higher showing activity
• Stronger demand
• Better pricing leverage

What Happens in Fall and Winter?

As summer ends, buyer traffic naturally slows. Many people shift focus toward:

• Holidays
• Travel
• Family commitments

At the same time, many sellers decide to “wait until spring,” which reduces the number of new listings entering the market.

Why This Can Still Be a Good Opportunity

While fall and winter are slower, they’re not necessarily bad times to sell.

• Serious buyers are still active
• Competition from other listings is often lower
• A well-priced, fresh listing can stand out more

From a buyer’s perspective, this period can be ideal due to less competition and sellers who price correctly can still achieve strong results.

Pricing Matters More Than Seasonality

One of the most important takeaways for sellers is this: Timing helps, but pricing is critical. If a home doesn’t sell during the high-traffic spring and summer months, it’s often a signal to reassess pricing. As buyer activity tapers off, overpriced homes tend to sit longer, regardless of the season. Correct pricing, combined with good presentation and marketing, will always outperform seasonality alone.

What About Resort Areas on Oahu?

Not all Oahu markets behave the same. Resort communities such as: Waikiki, Ko Olina, Turtle Bay (North Shore) often follow patterns closer to the Neighbor Islands, where buyers are more likely to be mainland residents, second-home buyers and international purchasers.

These areas can see stronger activity during winter months when visitors, snowbirds, and part-time residents are in Hawaii.

Final Thoughts: When Should You Sell?

The best time to sell a home on Oahu depends on:

• Your property type
• Your location
• Current market conditions
• Your pricing strategy

While spring and summer typically bring the most buyers, opportunities exist year-round when homes are priced and marketed correctly. For personalized guidance on selling or buying real estate on Oahu, it’s always best to consult a local expert who understands the nuances of each neighborhood and market cycle.

Talk With a Local Oahu Real Estate Expert

If you’re considering selling your home or entering the Oahu real estate market, reach out to: David at Harcourts Island Real Estate 📞 808-371-3509

Mahalo for reading.

What’s Really Happening With Home and Condo Sales Across Oahu?

The Oahu real estate market delivered some surprising shifts in November 2025, with certain neighborhoods seeing dramatic increases in sales activity and price appreciation, while others cooled off. If you’re a homeowner, buyer, seller, or investor, understanding these localized trends is critical, because no two neighborhoods on the island are performing the same.

Below is a breakdown of the most important Oahu housing market trends, straight from the latest Honolulu Board of Realtors data.

Home Sales on Oahu: One Area Surges Ahead

One of the biggest surprises this month came from Makiki to Moiliili, which recorded the largest year-over-year increase in home sales on Oahu. Home sales jumped 140%, rising from 5 transactions last year to 12 this November.

Out of 21 major Oahu neighborhoods, home sales:

• Increased in 10 areas
• Remained flat in 4 areas
• Declined in 7 areas

This mixed performance highlights an important reality. While some parts of Oahu are heating up, others are stabilizing or slowing.

Oahu Home Prices: Where Appreciation Was Highest

When it comes to home value appreciation, Aina Haina to Kuliouou stood out as the strongest performer. Median home prices rose from $1,793,750 to $2,170,000 This represents the largest year-over-year appreciation for single-family homes on Oahu in November For homeowners in this area, this kind of appreciation reinforces the long-term value of owning real estate in high-demand East Oahu neighborhoods.

Condo Sales on Oahu: A Different Story

Unlike the single-family home market, Oahu condo sales showed broader softening across the island. The standout for condo sales volume was Moanalua to Salt Lake: Condo transactions increased from 6 last year to 9 this November However, across the island as a whole:

• Condo sales were down in 13 of 21 neighborhoods
• Flat in 3 neighborhoods
• Up in only 6 neighborhoods

This divergence between home and condo activity shows how buyer demand is becoming more selective, especially with interest rates and affordability still top of mind.

Condo Prices on Oahu: Appreciation Still Exists

Even with softer sales, some condo markets posted impressive gains in value. Waialae to Kahala led the island in condo appreciation: Prices increased 24% year-over-year Rising from $635,000 to $788,000 This confirms that premium locations with limited inventory continue to command strong buyer demand, even in a more balanced condo market.

What This Means for Buyers and Sellers on Oahu

The November 2025 data makes one thing clear: Every market, neighborhood, and condo complex on Oahu behaves differently. Some areas are seeing explosive sales growth Others are experiencing price appreciation without high transaction volume Condo and single-family markets are moving in opposite directions in many cases Relying on island-wide headlines can be misleading. Hyper-local data is what truly matters when making real estate decisions on Oahu.

Thinking About Buying or Selling on Oahu?

If you want to understand what these trends mean specifically for your neighborhood or condo building, getting a personalized market analysis is essential.

📞 Contact David Buck with Harcourts Island Real Estate 📱 Call or text 808-371-3509 for a custom breakdown of your local market.

As we head into the holiday season, November wraps up with valuable insights for anyone watching the Oahu real estate market in 2025. Merry Christmas and Aloha 🌴

Victoria Place Resale Performance One Year Later

It has been just over a year since owners at Victoria Place in Ward Village received their keys, and the resale numbers are now in. Despite a slower overall condo market in Kakaako, Victoria Place has emerged as one of the strongest performers, delivering an average 15% resale gain across 58 transactions.

This level of appreciation stands out in a year where many Honolulu condos struggled to gain traction. For Victoria Place owners, the results highlight the power of location, exclusivity, and thoughtful development.

Overview of Victoria Place in Ward Village

Completed in November 2024, Victoria Place is one of the most exclusive luxury condo projects in Kakaako. Developed by Howard Hughes, it is the only building in Ward Village without any retail component, creating a private residential environment with no public foot traffic.

Key features include:

• High-end amenities with multiple swimming pools
• Fitness center and private barbecue areas
• Ocean and park views overlooking Ala Moana Beach Park
• Immediate access to Ward Village, Kewalo Basin, and surrounding parks

This combination of privacy and location has played a major role in resale demand.

Victoria Place Resale Data: The Numbers That Matter

Over the past year, 58 resale units closed at Victoria Place. When comparing resale prices to original developer pricing, the results are clear.

• Average appreciation: 15%
• Units with gains: 56 out of 58
• Units without gains: Only 2

In a year where the broader Kakaako condo market remained sluggish, this performance is especially notable.

Appreciation by Unit Type

Unlike many new construction condos where smaller units often outperform, Victoria Place showed an inverse trend.

• One-bedroom units: ~9% appreciation
• Two-bedroom units: ~15% appreciation
• Three-bedroom units: ~19% appreciation

Larger floor plans proved to be in higher demand, driving stronger resale gains for move-up buyers and luxury-oriented homeowners.

Combined Units and Penthouse Performance

Some of the strongest returns came from combined units and penthouses, which delivered exceptional appreciation.

• Average combined-unit gain: 35.5%
• One combined unit pair saw a 49% increase
• The grand penthouse achieved a $2 million gain, roughly 22% appreciation

While not every combined unit performed at the same level, overall returns in this category significantly boosted the building’s average appreciation.

Why Victoria Place Outperformed the Market

Several factors contributed to Victoria Place’s strong resale performance:

1. Exclusivity – No retail space means fewer visitors and greater privacy
2. Prime location – Adjacent to Ala Moana Beach Park and Kewalo Basin
3. Luxury amenities – Competing with newer high-end projects
4. Leverage advantage – Many buyers amplified returns with financing

For owners who placed a 20% down payment, a 15% appreciation nearly doubled their invested capital, excluding carrying costs.

Is Victoria Place Still a Good Investment?

Even after strong early resale gains, Victoria Place continues to be viewed as a long-term value play within Ward Village. Its unique positioning, limited supply, and private nature differentiate it from other Kakaako condos with mixed-use components.

As additional projects like The Park, Kalae, Alia, and The Launiu come online, Victoria Place remains one of the most established and proven luxury options in the neighborhood.

Final Thoughts on Victoria Place Resales

One year after developer pricing, Victoria Place has delivered what many buyers hope for but rarely see during a slower market: consistent appreciation and strong resale demand.

For homeowners, the results validate their investment. For buyers and investors, Victoria Place offers a real-world case study of how quality development and location can outperform broader market conditions.

If you’re interested in Ward Village new construction, Victoria Place resales, or Kakaako real estate opportunities, now is the time to understand where value is truly being created.

Oahu Home Sales Surge as Market Tightens in November

Oahu’s real estate market delivered a strong performance in November, led by a significant jump in single-family home sales. According to the latest data, home sales rose 18.7% compared to last year, moving from 203 to 241 closed transactions. Despite the increase in activity, the median home price dipped slightly by 1.3%, shifting from $1,115,000 to $1.1 million.

Homes are also taking a little longer to sell, with median days on market increasing from 24 to 27 days. Even so, inventory remains tight, down 3.3% year-over-year. With just 724 homes available compared to 749 last year, Oahu continues to favor sellers in the single-family segment.

Condo Market Tells a Very Different Story

While the home market strengthened, the condo market showed noticeable cooling. Condo sales dropped 7.3%, falling from 341 to 316 units. Median prices also declined by 8%, landing at $487,450 compared to $530,000 last year.

Condos are sitting longer on the market as well, climbing from 32 to 40 days. Inventory has grown significantly, now up 11.5%, with more than 2,200 condos listed for sale across the island.

Perhaps the most telling indicator is months of remaining inventory. Condos now sit at 6.3 months, a benchmark that officially categorizes the condo segment as a buyer’s market. In contrast, single-family homes sit at just 3.1 months, firmly keeping sellers in control.

Two Markets, One Island

This dual-market dynamic highlights the importance of understanding micro-trends within specific neighborhoods and buildings. Buyers may find strong opportunities in the condo sector, while sellers remain well-positioned in the single-family home space.

For personalized guidance on Oahu’s neighborhoods or condo complexes, David Buck of Harcourts Island Real Estate is available at 808-371-3509.