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Oahu luxury sales climb 20% in April - Pacific Business News

Oahu luxury sales climb 20% in April - Pacific Business News
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Inflation is not the only factor pushing local housing prices higher

Home prices around the islands continue to move higher. Overall inflation is part of the picture, but it’s not the only reason. We get more on the story from Pacific Business News Editor A. Kam Napier. ....

United States , Castle Cooke , Garret Matsunami , Patti Nakagawa , Castle Cooke Hawai , Coldwell Banker Realty , Pacific Business News , Cooke Hawai , Koa Ridge , Honolulu Board , Coldwell Banker ,

New report on home sales says the luxury market is heating up

On Oʻahu, comparing this January to last, sales are up 52%, according to a new monthly luxury report from Coldwell Banker Realty. PBN editor A. Kam Napier has more. ....

Patti Nakagawa , Ala Moana , Coldwell Banker Realty , Coldwell Banker ,

Silicon Valley adds fuel to Hawaii's real estate boom but there's a downside


Silicon Valley adds fuel to Hawaii’s real estate boom but there’s a downside
Hawaii real estate prices skyrocket as buyers from the mainland scoop up housing
By Mahealani Richardson | April 21, 2021 at 7:04 PM HST - Updated April 21 at 7:32 PM
HONOLULU, Hawaii (HawaiiNewsNow) - Sales of luxury homes are spiking and interest in furnished rentals is also through the roof.
“I would say that it has skyrocketed up,” said Natalie Pietre, owner and principal broker of Island Properties.
Experts say there’s a mix of factors.
Before the pandemic, buyers were snapping up condos. Now there’s high demand for single family homes. Interest rates are low, inventory is low and high tech workers from the mainland want to come to Hawaii to work remotely. ....

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Hawaii real estate is expensive. Oahu's luxury homes are selling like hotcakes


Hawaii real estate is expensive. Oahu’s luxury homes are selling like hotcakes
This 5-bedroom, 4-bath home along Black Point Road has 3,990 square feet of space, and is currently listed at $3.5 million. (Source: Coldwell Banker Realty)
By HNN Staff | April 20, 2021 at 6:52 PM HST - Updated April 20 at 7:01 PM
HONOLULU, Hawaii (HawaiiNewsNow) - Over the last year, the pandemic has driven up prices of real estate on Oahu to levels never before seen.
Also seeing an astounding boom are sales of luxury homes, valued at $2 million or more.
According to data released by Coldwell Banker Realty, the first quarter of 2021 saw a 106% increase in sales compared to the same time in 2020. ....

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