Week Ending October 31, 2025

(Homes priced at $4 million and above)

Aloha, Friends

It was another somewhat slow week in the $4 million-plus range. To get a better snapshot of the entire market, we've added a new Price Reduction category - and it reveals some interesting activity. Here's what happened last week.

Closed Sales

There were no new closed sales in the luxury single-family home market this week.

Pending Sales

There were one new pending sale this week:

  • 151 Halau Pl, Wailea Golf Estates - A 4-bedroom, 4.5 bathroom home of 4,357 sq.ft. on approximately 1/2 acre (technically a condominium). It has been on the market for 265 days before going under contract. Originally listed at $6,775,000, it was reduced to $6,494,000 about six months after listing. 

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Price Reductions

  • 5157 Lower Honoapiilani Rd (Kahana) - 2 bed / 2 bath, 2,348 sq.ft. on 0.37 oceanfront acres. Originally listed at $5.85 million, now $2.238 million, 30 days on market. (Auction sale)
  • 44 Loli'i, Lanikeha (Kaanapali) - 4 bed / 5 bath, 3,691 sq.ft. on 0.46. Price reduced from $5.695 million to $5.495 million. 119 days on market.
  • 5163 Lower Honoapiilani Rd (Kahana) - 3 bed / 2 bath, 2,926 sq.ft. on 0.2 oceanfront acres. Originally listed for $5.95 million, now $3.65 million. (Auction sale)
  • 21 Kaulua Pl (Ku'au) - 4 bed / 3.5 bath, 3,026 sq. ft. on 0.4 oceanfront acres. Reduced from $7.5 million to $4 million. (Auction sale)
  • 33 Hana Hwy (Paia) - 5 bed / 3 bath main home, 2,260 sq.ft. plus 3 bed / 1.5 bath ohana, 960 sq.ft. on 0.65 beachfront acres. Originally $11.9 million, now $8.8 million after its second price reduction in 149 days on market. 
  • 100 Kalelemuka Pl (Kula) - 5 bed / 5 bath, 6,070 sq.ft. on 3.6 acres plus a 2 bed / 2 bath ohana, 1,015 sq.ft. This is the second reduction, from $11.995 million to $10.995 million. 123 days on market.

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New Listings

  • 70 Iliahi Way (Launiupoko) - 2 bed / 3 bath, 994 sq.ft home on 2.7 acres, built in 2008, listed at $4.65 million. 
  • 50 Lewa Lani Pl (Kaanapali) - 4 bed / 4 bath, 3,708 sq.ft new build on 1/4 acres, listed for $4.995 million.
  • 51 Hui Road E (Kahana) - 4 bed / 4.5 bath, 4,790 sq.ft. home on 0.6 oceanfront acres (triple lot), offered at $19.75 million.

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Summary

The luxury home market remains quiet on the sales front, with steady listing activity and a noticeable increase in price adjustments. Sellers who listed back in the late spring and early summer appear increasingly motivated heading into the holiday season. In addition, we're seeing an unprecedented number of auction listings across the luxury segment - something we haven't seen at this scale before. As we move into November, we'll be watching the activity carefully...and praying for snowbirds.