We said it first, and now everyone is listening: the luxury homes market in Oahu is on fire. The Business Journals (bizjournals.com) has put the spotlight over Coldwell Banker Pacific Properties, and specifically, Oahu with a recent article. As reported in the article the sales of homes for $1 million or more increased 30 percent over the first quarter of 2014, compared to first quarter 2013. While only 128 homes ranging $1 million or more cleared the market in the first quarter of 2013, a scorching 167 homes were sold this past quarter.
What is in store for Oahu luxury real estate for the remainder of 2014? Only time will tell. For now the story continues at The Business Journal’s website – for the entire scoop, click here.