O'ahu Luxury Market Report

ABOUT THIS REPORT

Cover Property: 141 Kailuana Loop, Kailua, HI 96734 | Sold by: Team Beddow: Mary Beddow, Chris Beddow, and Malia Barger

2026: O ʻ AHU’S LUXURY MARKET OPENS WITH RESILIENT DEMAND AND A MORE SELECTIVE BUYER O ʻ ahu’s luxury real estate market began 2026 with a confident but discerning tone. Despite elevated interest rates and broader economic uncertainty, luxury activity has remained healthy—especially for properties offering prime location, strong condition, and lasting lifestyle appeal. In the first quarter of 2026, the luxury single-family market recorded 41 closed sales over $3,000,000, matching one of the strongest quarterly paces of the past year. Affluent buyers remain active, but increasingly strategic in how and where they buy. SINGLE-FAMILY HOMES: QUALITY STILL WINS Luxury homebuyers continue to reward properties that feel move-in ready and hard to replace. Ocean proximity, privacy, design quality, and usable outdoor space remain highly desirable. Prestige neighborhoods such as Kahala, Diamond Head, Kailua, Lanikai, Hawaii Loa Ridge, and East O ʻ ahu oceanfront communities continue to attract demand, while overpriced or dated homes often take longer to sell. CONDOMINIUMS: TURNKEY LIFESTYLE REMAINS ATTRACTIVE Luxury condominium demand remains steady, especially in projects offering security, amenities, convenience, and proximity to urban centers such as Kaka ʻ ako, Ala Moana, Waikiki, and Ko Olina.

Many buyers continue to favor premium condominiums as a lower-maintenance option for second homes or simplified island living. THE REAL STORY: O ʻ AHU LUXURY IS MANY MARKETS O ʻ ahu’s luxury market behaves differently by neighborhood, property type, and price point. The $3M–$5M single-family segment continues to drive most volume, while the ultra-luxury tier remains more selective and opportunity-specific. LOOKING AHEAD With limited land supply and global lifestyle appeal, O ʻ ahu remains one of the world’s most unique luxury markets. As 2026 continues, demand is likely to favor: Exceptional locations Trusted guidance At Hawai ʻ i Modern Realty, we are proud to provide the market intelligence and strategic counsel clients need to navigate O ʻ ahu’s evolving luxury landscape. ABOUT THIS REPORT This report analyzes O ʻ ahu luxury real estate through Q1 2026. Luxury is defined as: Single-Family Homes: $3,000,000+ Condominiums: $1,500,000+ Statistics reflect only transactions within these thresholds. Turnkey condition Thoughtful pricing Scarce properties

For this report, we have only studied the sales defined as Luxury: >$3 million for Single-Family homes and >$1.5 million for Condominiums. The median sales price you find in this report is the median of only the sales defined as Luxury. It does not represent all of the sales. Sales not defined as Luxury have been excluded.

Luxury areas studied in this report are determined by the fact that the area has a high number of properties deemed “Luxury” based on the above definition, or are of interest for Resort or Oceanfront lifestyle. Data is calculated as of December 31 of each year except for 2026, which is through March 31.

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Hawai ʻ i Modern Realty

Q1 2026 O’ahu Luxury Real Estate Market Report