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Big Island

Defining the Profile of the Big Island’s Luxury Buyer

While working with clients, I am often asked, “who are the buyers purchasing in the resort areas on the Big Island?” The word “luxury” is commonly used to describe real estate, but what price point do you use to help define luxury? I thought it would be interesting to share statistics about properties which have sold on the Big Island valued at $5M+ over the past three years.

Hales At Kealaula, Hualalai Resort Sold June 2013, Sold by  Hawaii Life Real Estate Brokers

Hales At Kealaula, Hualalai Resort Sold June 2013, Sold by Hawaii Life Real Estate Brokers

Big Island Properties Sold ($5M+)

According to Hawaii’s Information Service (MLS), the following information is in regards to the number of Big Island properties sold between January 2011 to YTD 2014 priced $5M+ and the buyer’s origin. The Big Island experienced a total of 60 real estate transactions valued at $5M+ within the following communities:

  • 33 Kukio / Maniniowali / Kaupulehu
  • 20 Hualalai Resort Community
  • 4 49 Black Sand / Mauna Lani Cape
  • 3 Puako and land adjacent

In regards to the origins of these buyers, it is probably of no surprise that:

  • 47% California – 75% of the California buyers live in the San Francisco Bay Area
  • 22% Western States; Washington, Arizona, Hawaii, and Oregon
  • 15% Eastern States; Georgia, New Jersey, and Washington DC
  • 10% International; Canada, Japan, and Australia
  • 6% Central State; Colorado, Texas, and Iowa

What Do High-End Buyers Want?

The Big Island continues to attract buyers who place high importance on family, fitness, recreation, aesthetic quality, and service.

Enjoy the Hawaii Life

The Big Island Provides a Perfect Environment for Family, Fitness, and Recreation

Dwell Insight Group conducted a 2013 New Face of The Affluence Survey that concludes “even the highest earners seek simplicity, balance; while social status is not a concern.” Dwell Insight describes these buyers as informed, involved, independent thinkers who are design savvy discerning consumers.

According to MC Marketing Charts, more than 9 in 10 luxury buyers search for information prior to making a purchase, according to a study conducted by Google and Ipsos across 9 markets. The report concludes that the second-most common way of finding information offline is also through the media while print ads (in newspapers or magazines) are next.

Simplicity and Balance Live the Hawaii Life

Simplicity and Balance, Live the Hawaii Life | Big Island-Hawaii

Understanding the Luxury Consumer

As a real estate broker who strives to provide my clients with exceptional service, I find that it is tremendously beneficial for me to understand the ever-changing culture of the luxury consumer. In-depth knowledge enables me to tailor my level of service so that I may exceed my client’s expectations. Such information plays a key role in my marketing strategy to help maximize exposure within the right target market.

For more information about my real estate services, please contact Carrie Nicholson, BIC.

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Carol & Charles Lake

March 16, 2014

We spoke with Anne Eliason when we were in Hawaii. We enjoy your show very much not so the show buying Hawaii. Would like to see Anne Eliason on an up coming show.

Carol & Charles Lake

March 16, 2014

We spoke with Anne Eliason when we were in Hawaii. We enjoy your show very much not so the show buying Hawaii. Would like to see Anne Eliason on an up coming show.

Beth Thoma Robinson R(B)

March 18, 2014

Love the demographic statistics. For a while I was getting a disproportionate number of Canadian buyers in the Kohala Coast resorts but that has beginning to shift back in favor of West Coast buyers whose Mainland property values are up.

Beth Thoma Robinson R(B)

March 18, 2014

Love the demographic statistics. For a while I was getting a disproportionate number of Canadian buyers in the Kohala Coast resorts but that has beginning to shift back in favor of West Coast buyers whose Mainland property values are up.

Pam Deery, R(B)

March 19, 2014

Mahalo Carrie for the information. It seems the print advertising not only reinforces the electronics; but it is fun to look at while on the beach or in the bathtub; and safer:)

Pam Deery, R(B)

March 19, 2014

Mahalo Carrie for the information. It seems the print advertising not only reinforces the electronics; but it is fun to look at while on the beach or in the bathtub; and safer:)

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