Oahu home sales above $1 Million were up slightly in 2011. There were 393 this past year, which was up over 2010’s sales of 379 homes sold.
This Portlock home (MLS# 1112517) can be yours for $14,888,000
The highest sale on Oahu in 2011 was an oceanfront estate in the Kailua neighborhood of Beachside that sold for $14,000,000. When you break down sales above $5 Million on Oahu, there were 9 sales above $5 Million, which was down from 10 in 2010. Today, there are 42 active listings above $5 million, so if you have the cash, there is lots to choose from…Here are some of the better homes available I gathered for you in my Oahu Luxury Home Gallery.
The highest condo sale on Oahu in 2011 was 2 units combined at the Diamond Head Apartments on the Gold Coast that went for $4,673,300. Meanwhile, the close runners up were a tie with Hokua 36K and Hokua 34B/C each selling for $4,550,000.
I know there were several on the neighbor islands that fetched higher sales prices this past year, however, don’t count Oahu out of the picture yet. We’ve had many sales here in the past above $20 Million, some above $30 Million and there was also one above $40 Million. Stay tuned to see what the Oahu luxury real estate market has in store for 2012…