Honolulu Magazine's Top 10 Most Expensive Home Sales on O’ahu in 2017 include our 1611 Mokulua Drive, Kailua property..........

In 2017, condos were king, with luxury condominium projects setting record prices and creating a whole new market trend on our island in the middle of the sea. Park Lane was the game-changer—six of this year’s 10 highest residential real estate sales happened there (yes, that’s the condo at the mall). Waiea followed with two on this year’s list. Only two single-family homes cracked the Top 10, which is based on HiCentral Multiple Listing Service records and does not include private transactions.

Times have changed, and you can see it when diving into the numbers. The average price per square foot of the condos on the list was $3,016; it was only $2,278 for single-family homes. Luxury buyers are looking to condominiums for security, convenience and amenities.

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 http://www.honolulumagazine.com/Honolulu-Magazine/Real-Estate/January-2018/Top-10-Most-Expensive-Home-Sales-on-Oahu-in-2017/#.WlAkZVQ-dhE