Luxury- A High Price to Pay but Worth Every Dollar!
S and P on the West Side just sold $176 million in luxury real estate at the initial release of the residential suites at the Ritz-Carlton, Kapalua. It seems that 40% of the investors that bought into the newly released units are international buyers. Japan, Canada, and Europe confirmed the heightened interest in the Hawaii market. Our market place is one to keep watching. The market for each neighborhood has to be watched carefully. ALL Real Estate Markets are local….but it seems that our high end luxury beach and ocean front units have not been impacted by the US mainlands housing downturn. The sales prices of many vacation rental condos have shown an average of an 8% gain in 2007. The Ritz-Carlton broke a West Side record with a sales price of $6.4 million for the presidential suite. For market information on your area of interest give me a call 808-283-4688 or just go to my website: www.maryonmaui.com and sign up for my local Maui Newsletter. I promise this monthly news letter will be filled with interesting information about Maui and it’s different Real Estate Markets. Aloha-Mary on Maui
March 18th, 2008 at 4:09 pm
[…] A High Price to Pay but Worth Every Dollar! Russ & Marcus wrote an interesting post today onHere’s a quick excerptS and P on the West Side just sold […]
March 18th, 2008 at 4:18 pm
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March 19th, 2008 at 10:30 am
With so much building going on what are the city planners ideas on this and infra structure.
Many foreign investors love the US market right now with so many reduce prices and foreclosure options for even luxury property. Glad to hear the lending crisis has not happen in Hawaii.