Berkshire Hathaway HomeServices Hawaii Realty gives update on Hawaii’s ultra luxury market

Sponsored by Berkshire Hathaway HomeServices Hawai’i Realty

HONOLULU (HI Now) - Luxury Condo Sales have picked up and represent 3 of the 9 Ultra-Luxury sales over 9 mil so far this year. Park Lane has 14 total sales so far this year ranging in price from $1,400,000 to $10,000,000. With condominiums at this price point it all comes down to the meticulous design details, amenities and service. Ultra Luxury Property sales over 9 million in general take longer to sell and this remains true as 2021 shows a steady pace of high-end sales proportionate to the inventory and potential buyers at this price point. Neighborhoods like Diamond Head and Kahala remain the dominant location for these sales, while Kailua/Lanikai continues to gain ground as the beach town’s reputation for casual elegance becomes more and more recognized worldwide.

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