Real Estate News

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Sotheby’s International Realty Affiliates LLC today announced it has expanded its global real estate network into Finland with the launch of Snellman Sotheby’s International Realty located in Helsinki.

The owners, consisting of Swedish and Finnish prominent business investors headed by Robert Charpentier, signed an exclusive 25-year franchise agreement to develop the Sotheby’s International Realty® brand throughout Finland. The company will operate under the leadership of Kenneth Katter, who brings over 20 years of relevant high-profile international sales experience to his role of chief executive officer.

“Expansion into Finland continues the brand’s commitment to providing access to theSotheby’s International Realty network’s exclusive

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An increasing number of ultra high net worth (UHNW) individuals are buying non-traditional homes outside their domiciles according to a new study by Wealth-X and the Sotheby’s International Realty® brand, released today.

Wealth-X has identified more than 211,000 ultra high net worth individuals globally – defined as those with US$30 million and above in net assets – and 79% of them own two or more residences.

The Wealth-X and Sotheby’s International Realty UHNW Luxury Real Estate: Multi-Homers Report reveals that these UHNW buyers look for residences that are environmentally sustainable, technologically sophisticated, or that fit better with their personal and family needs.

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Below are other key findings from the report:

  • The average UHNW
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Sotheby’s International Realty Affiliates LLC reported that in 2014 its affiliated brokers and sales professionals achieved $70 billion in U.S. home sale transaction volume (transaction sides multiplied by average sale price). This is the highest sales volume performance in the history of the brand’s franchise system, and marks a 17% increase from the prior year. Driven largely by an 11 percent gain in transaction sides, the growth experienced by Sotheby’s International Realty far outpaced the overall U.S. housing market as compared to the one percent increase in sales volume and a three percent decrease in home sales reported by the National Association of Realtors®.

Global Growth

The Sotheby’s International Realty brand also reported

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We are proud to present our Significant Sales 2014 publication, detailing sales represented by the leaders in the Maui luxury real estate market, Island Sotheby's International Realty.

 

 

Having successfully participated in 3 of the Top 5 sales of 2014 in the County and with three offices strategically located throughout Maui, the team of experts at Island Sotheby's International Realty is uniquely positioned to represent clients in the sale of the most exclusive properties islandwide - from Makena properties, to Kapalua luxury homes, to Upcountry estates and everything in between, our specialists know each micro-market and its unique intricacies expertly. Contact us for a private consultation or visit one of our offices today. 

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The Maui real estate market has proven to be resilient as most of its micro-markets continue to enjoy sustainable increases in valuation - including the high end sector of the market. As such, let us take a closer look at the Top Residential Sales of 2014.

Makena Place 10

The epitome of the Hawaiian splendor with modern sophistication, Makena Place 10 is among the most desirable beachfront properties to hit the market in years, setting the standard for Makena real estate. With sweeping ocean views, seamless indoor/outdoor living, exclusivity in ownership, and magnificent craftsmanship, it is an architectural masterpiece. Sold on January, 2014 for $9.3M, the seller was successfully represented by two of Hawaii's leading experts: Raphael

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It is with great pleasure that Island Sotheby's International Realty announces the award of Realtor Salesperson of the Year to Courtney Brown. 

During its 46th Annual Installation Luncheon at the King Kamehameha Golf Club, the Realtors Association of Maui presented Courtney with the prestigious award. Known for her involvement in the Maui real estate community, her civic and community activities, her real estate accomplishments, and her Realtor Spirit, Courtney embodies all the attributes of a top-level professional at the peak of her industry.

With nearly two decades of real estate experience, Courtney's emphasis on the Kapalua real estate market has resulted in her well-earned success as one of Hawaii's Top 100 Realtors. For those who know

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The beginning of the year is typically a very active time of the year for the Maui real estate market, as high season unfolds and untold numbers of visitors fall in love with Maui's unique value proposition. As sales from high season begin to record, it can be reflective of a long-term, sustainable pattern; and in 2014, it seems to be clear that the luxury niche is of to an outstanding start. 

maui sales informationThrough the first two months of 2013, there were a 13 sales of single-family residences with a sales price over $1M. The same period of this year saw an increase to 30 sales, with sales volume within this niche jumping from $33.34M to $89.76M. And the top tier of the luxury market certainly seems to be well, with 4 sales over $5M closing in the first two

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As 2013 came to a close, it proved to be another marked step in the Maui real estate recovery's cycle. And as metrics across every micro-market reflected a positive trend, it is worth noting that affluent buyers are coming back to the Valley Isle with increased confidence. In 2012, there were 7 sales of Single-Family Residences above $5M, which increased by 57% in 2013 to the 11 sales.

With continued interest on Maui by well-heeled buyers, let us look at the Top 5 sales for residential-use properties on Maui - to include both Single-Family Residences and Condominiums.

1 - 3116 South Kihei Road

Sales Price: $11.9M

Located on one of the most famed beaches in the world, Keawakapu Beach, 3116 S. Kihei Road is one of the most sought-after

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With its tropical setting, picture-perfect weather, top-rated beaches, and world-class amenities, Wailea is a much sough after destination. And for those considering a purchase of a Wailea property, it becomes incumbent on potential buyers to be well acquainted with real estate trends and available inventory. The Wailea Single Family Residence (SFR) market has been somewhat stagnant in the past three years, arguably due to the downwards pressure on values by REO's (bank-owned/foreclosures) and Short Sales - although not a great amount (7 REO's and 5 Short Sales), still significant enough to have an impact on values in Wailea. And as the market continues its shift from a clear buyer's market to a more balanced market, let us take a look at relevant data. 

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