Hawaii Affiliates Of Sotheby’s International Realty Hit $1.372 Billion In Sales

Hawaii Affiliates of Sotheby’s International Realty facilitated $1.372 billion in sales across the state in 2017, establishing the network as one of the highest producers in Hawaii.

More than 1,500 transactions across the Hawaiian Islands were managed by its five Hawaii Affiliates: MacArthur Sotheby’s International Realty on Hawaii’s Big Island, Island Sotheby’s International Realty on Maui, List Sotheby’s International Realty and Carvill Sotheby’s International Realty on Oahu and Ocean-front Sotheby’s International Realty on Kauai.

“The Hawaii real estate market continues to be one of the strongest long-term equity markets in the country,” noted Alex Cortez, vice president and Realtor (B) at Island Sotheby’s International Realty on Maui.

Supply and demand dynamics have resulted in soaring property values in various micro-markets across the state. On Maui, Island Sotheby’s International Realty started 2017 with one of the largest sales on island — a luxury four-bedroom, seven-bath home in Makena that sold for $15.5 million. “This led the way for the company’s banner year contributing $361 million, a 34 percent increase in business from 2016, to the overall Hawaii Affiliates production,” said Georgie D. Tamayose, president of Island Sotheby’s International Realty.

On Hawaii Island, MacArthur Sotheby’s International Realty saw significant increases overall, resulting in a 25 percent rise in local and global business for 2017.

Dodie MacArthur, company owner and founder, said, “Once again MacArthur Sotheby’s International Realty sales far exceeded the overall Big Island gain of 15 percent for 2017.”

MacArthur Sotheby’s International Realty’s signifi-cant sale on Hawaii Island was a $10 million sale to an international buyer within the world-renowned Four Seasons Resort Hualalai community.

“While the Kauai market as a whole had a respectable growth of 4 percent year-over-year for 2017, Oceanfront Sotheby’s International Realty’s sales grew by 35 percent year-over-year. And 2018 is tracking just the same for our company,” said Greg Bloss, Broker-in-Charge of Oceanfront Sotheby’s International Realty.

On Oahu, List Sotheby’s International Realty continued its Southeast Asia expansion by opening offices in Hong Kong and Singapore in 2017. The company remains the most productive pipeline of Japanese buyers, thanks largely to List Sotheby’s International Realty Hawaii sales team and 10 offices across Japan, which is Oahu’s No. 1 international feeder market.

According to Ivette Gutarra, vice-president of Marketing for List Sotheby’s International Realty, clients, both local and international, have “fallen in love” with the new luxury condominiums in Ala Moana and Kakaako. “Since 2014, we’ve represented buyers who have purchased over $300 million in projects such as One Ala Moana, Waiea, Anaha and Park Lane. Ward Village recognized List Sotheby’s as the Top General Brokerage Firm by Number of Homes Sold and the Top General Brokerage Firm by Revenue,” she said.

Sotheby’s International Realty Affiliates LLC reported that its affiliated brokers and sales professionals globally have achieved approximately $108 billion in global sales volume for 2017, the highest annual sales volume performance in the history of the brand.