Surprise, surprise! According to the latest Luxury Market Report by Coldwell Banker Previews International®, Hawaii’s luxury real estate market is strong across the board in terms of sales and prices, but more impressively on the Luxury Market Index. The first of its kind in the real estate industry, the Luxury Market Index offers a comparison of the real estate performance of luxury markets across the United States.
As mentioned in the foreword:
“The index compares the real estate performance of luxury markets across the United States, using measurements such as annualized sales in units, volume, average and median sale price and others. By calculating and weighting these variables into index results, we can give consumers a better, more objective understanding of the luxury real estate marketplace.”
The foreword also mentions that seventy percent of markets in the index were also located near a body of water, supporting the belief that water views are often in high-demand, which bodes well for Hawaii.
While we don’t want to ruin all the surprises in this most recent Luxury Market Report, we will share a few highlights:
Honolulu has some of the highest numbers for active luxury listings and closed luxury home sales:
One notable section, Previews® By The Numbers, focuses on the achievements of Coldwell Banker Previews International Property Specialists. Among the listed Significant Sales of 2013, Coldwell Banker Previews International Independent Sales Associate Anne Oliver made the mark for Honolulu with a list price of $16,500,000.
We’re leaving the best for last – Of all markets, Honolulu, which has seen increased wealth coming into the marketplace, was selected for a Domestic Spotlight in this Luxury Market Report. We won’t give the whole story away, but we will leave you with this great quote:
“Honolulu is going to see luxury sales numbers never seen before.”
That’s it! Sorry! If you want to read the entire scoop on Honolulu, or any of the other great features, you’ll have to check out the Luxury Market Report by Coldwell Banker Previews International®.