Sales of luxury homes on Oahu — those that sold for more than $1 million — increased 8 percent in July, when compared with teh same month last year.
The report says that 67 luxury homes with a median price of $1.4 million were sold in July 2014, up from 62 homes sold in July 2013.
On the higher end, four sales of more than $6 million have closed since January.
Hawaii Kai had nine sales of more than $1 million in July, while Kailua had seven sales of homes for more than $1 million.
The most expensive home sold in July was a four-bedroom, four-bath, 5,168-square-foot home in Diamond Head that sold for $6 million.
Most of the homes — 52 — sold in the $1 million to $2 million range, the report says. Twelve sold in the $2 to $4 million range, while three sold in the $4 million-and-higher range.
Bill Cresenzo Reporter – Pacific Business News