April’s latest market report out of Oahu reveals a decline in luxury home sales from March. March saw 67 luxury homes valued at $1 million or more change hands, while only 52 luxury homes transactions took place last month. The decline in inventory has also affected the buying habits of overseas investors and local buyers, as the market report states, “…in addition to low inventory levels, we have seen more of our local and overseas buyers opting into the new development projects…” This revelation is good news for potential sellers – as the growing demand is driving up listing costs, as median sales prices of luxury homes was $1,417,500 last month.
For the entire scoop of April’s market update – click here.
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