Wailana at Waikiki #1707
1860 Ala Moana Blvd., Honolulu, HI 96815 (Waikiki)
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NEW PRICE – $278,000 LH (Lease Ends 2069)
Luxury Real Estate
Happy 4th of July!!!
Wishing you an amazing Independence Day filled with freedom, fireworks and the comforts of home. “One flag, one land, one heart, one hand, one nation, evermore!”
– Oliver Wendell Holmes
Oʻahu Housing Market: May 2025 Sales Slowdown Insights
Oʻahu Housing market Recorded Slowdown in Overall Sales Activity in May
Single-family homes show pricing resilience amid steady demand; condo market reflects shifting dynamics
According to figures released by the Honolulu Board of REALTORS®, inventory continues to build in O’ahu’s housing market in both single-family homes and condos. In May, 392 listings in single-family homes were added with 44% increase in the $800,000 to the $999,999 price range. Listings in condos rose to 688 with almost half of them priced between $300,000 and $599,999. Compared to last year at this time, active inventory in single-family homes increased by 27.8% and condos increased 54.8%.
Compared to last month (April 2025), single-family homes sales fell by 2.5% and condo sales fell by 5.3%.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | Average Sales Price | |
|---|---|---|---|
| May 2025 | 235 -5.6% | $1,175,000 +8.3% | $1,394,811 -1.7% |
| May 2024 | 249 | $1,085,000 | $1,419,039 |
Condominium Resales
| Number of Sales | Median Sales Price | Average Sales Price | |
|---|---|---|---|
| May 2025 | 374 -21.8% | $500,000 +1.0% | $638,701 +7.7% |
| May 2024 | 478 | $495,000 | $592,694 |
Click here for full report on the market statistics from the Honolulu Board of Realtor.
Luxury Oceanview Home in Koko Kai, Hawaii
Spectacular Oceanview Residence in Prestigious Koko Kai/Portlock
31 Poipu Drive, Honolulu, Hawaii
Experience endless, breathtaking views of the ocean, Diamond Head, and unforgettable sunsets from this stunning home in the highly sought-after Koko Kai/Portlock neighborhood of Hawaii Kai. Built in 1992, this open-concept residence offers over 3,700 square feet of luxurious living space, seamlessly blending indoor comfort with outdoor paradise.
Featuring four spacious bedroom ensuites—two on each level—plus a guest bathroom, the home is designed for both privacy and entertaining. A grand circular staircase connects the two floors, complemented by elegant wood flooring and marble finishes throughout.
The gourmet kitchen is outfitted with stainless steel appliances and flows effortlessly into a generous dining area, perfect for hosting guests. Step outside to relax in your sparkling saltwater pool, complete with a BBQ area and surrounded by lush tropical landscaping.
Additional features include: Attached 2-car garage with guest parking; Owned solar water heater and 46 photovoltaic panels with Tesla battery backup; and, Electric vehicle charger.
Thoughtfully designed for modern island living. This home is a rare gem in one of Oahu’s most desirable neighborhoods. Come home to luxury, comfort, and unmatched views.
Sales in O’ahu’s Luxury Home Market: What 2024 Reveals
The O’ahu luxury real estate market in 2024 showed an overall increase in activity. This was particularly true in the single-family home market. Sales in homes priced above $2 million were up across most price ranges compared to 2023. The number of homes sold increased from 273 in 2023 to 307 in 2024, reflecting a broader demand.
However, the $6 million to $9.99 million price range saw a decline in sales, dropping from 27 in 2023 to just 16 in 2024. This suggests that while demand was up in general, ultra-high-end properties in that particular price bracket experienced a slowdown.
For the condo market, resales in the $2 million to $5.99 million range remained relatively stable compared to the previous year. However, the ultra-luxury condo segment over $6 million saw a significant decrease. There were only 5 sales in 2024. In 2023, there were 16 sales.
Overall, the luxury home market remained strong. The decline in ultra-luxury condo sales and the drop in mid-high-end homes suggest a more selective buyer pool in certain segments. This could be due to shifting economic conditions, market saturation, or changing buyer preferences.
Oahu Real Estate by Karla Casey (R) 