Welcome to a new year and new decade.   As we all look forward to the future, it can also be a good time to take a quick look back to 2009 to provide some context for what’s to come.  We’re sharing just a few statistics with you in this update, but invite you to contact us at any time to discuss this information in more detail, delve into the local luxury market situation and neighborhoods, or discuss your individual situation and goals. 

2009: A Year of Continuous Improvement

When the financial crisis occurred in late 2008, luxury market sales plummeted.  However, in each quarter after that, the number of sales increased.  With nearly 200 luxury home sales in the fourth quarter of 2009, market activity is at a level that approximates late 2007 and early 2008 time periods. 

This increase in activity has dramatically reduced the number of luxury homes on the market.  In fact, for homes priced over a million dollars, there is currently only 11 months of inventory available while at this time last year, this was 27 months.  And, there are people actively looking for luxury homes.  We’re seeing a balanced mix of local, mainland and international buyers; some buying with cash, others with conventional financing and others with seller financing.  And, as savvy investors are realizing some recovery in their stock portfolios, many are diversifying into real estate—a tangible asset they can enjoy that can also help mitigate their investment risk.

Is it the right time to sell your luxury home?  Contact us for additional information about market trends, neighborhoods, buyers and then let’s discuss your individual goals so you can make an informed decision.

Be Confident in Your Choice of a Luxury Real Estate Agent

Marketing a luxury home in today’s market requires expertise, perseverance and resources.  While 2009 was challenging, and 2010 will likely bring new challenges, we are proud to be Hawaii’s most successful luxury real estate team.  Year in and year out, in all market conditions, Coldwell Banker Previews International continues to deliver market-leading results for their clients.

The Honolulu Board of Realtors® provides statistics on real estate company performance, and the chart below is from their report.  The Coldwell Banker Previews International team once more excels in delivering results.  Our record in luxury home sales eclipses every other brokerage firm in Hawaii.

In 2009, we closed $160,000,000 in luxury home real estate volume for our clients.  That’s more than twice that of our closest competitor and more than that of our three next competitors combined.  What does that mean to you?  Especially when the stakes are high, you want to give yourself the best chance for success, and that is teaming with the best in the business. 

Please allow us to be of service whenever you seek information, advice or even just brainstorming.  We can bring an informed and creative perspective to your situation to help you make your best decisions.  Call on us anytime at (808) 597-5575 or by