All the new on the Hawaii Luxury Real Estate market

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Learning about the Hawaii Luxury Home buyers; The top profession among luxury homeowners is business executive of a large corporation. Other frequent professions include doctors, bankers, lawyers, stockbrokers, actors, musicians and inventors. The survey describes some 68 percent of these luxury-home buyers as “new money.”

When it comes to the age of these buyers, most fall into the more-likely-to-be-affluent Baby Boomer demographic (between 35 and 55). But another 28 percent are buying up to a million-dollar home beyond 55. Some 89 percent of luxury home buyers want four or five bedrooms and most luxury homes sold in the past year were between 4,000 and 6,000 square feet.

And when it comes to the lavish amenities that make up these homes, designer kitchens are the top priority.homebuilders have reminded us about the kitchen’s importance at the International Builders Show, held earlier this year.The desires of those of us who own homes worth less than $1 million often mimics what we see in luxury homes and on the pages of magazines.

“A typical upscale kitchen remodeling includes granite counters – honed granite preferably, stainless appliances, a hardwood or porcelain tile floor, and cherry or maple cabinets,” she said. “If a countertop isn’t honed granite, it’s probably soapstone, another soft material that, so far, has met with high approval by the person that does the cooking and cleaning.” Center islands are growing in size, farmhouse sinks are taking over the cleanup area, appliances are sleek, cabinetry is simple with Shaker or Asian influences.

“Appliances continue to mushroom,” McCloskey says. “After being on the market for a couple of years, warming drawers are more beloved than ever. We see more Fisher & Paykel dishwasher drawers, SubZero refrigerator drawers, and wine refrigerators.”But homeowners also want all of this stuff out-of-sight which is why butler’s pantries have seen a rebirth. Islands are big partially to hide a double set of dishwashers and the warming drawer.”

Following kitchens, the top five most requested amenities are media/entertainment room with theater-style seating, wine cellar, tennis courts and basketball courts, indoor pool, and ballroom/cigar room. for more informtion on Realtors in Hawaii call us today 808-283-0167

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