We hear so much about the strength of our luxury market but thought you might like to have some stats to support that…(…just starting to pull numbers and will deliver as I gather)

$5.0M+

In 2007 there were 14 sales over $5.0M.  Just one month into 2008 we have already  43% of that total with 6 sales over $5.0M and 4 others pending in escrow (that would bring it to 71% of total 2007 sales).

$3.0M - $5.0M

In 2007 there were 42 sales between $3.0M - $5.0M; averaging 3.5 sales per month.  In January 2008 we are at par with 3 sold and 3 more pending in escrow.  

I have added the Kahala Associates Luxury Stats for January as well for you to be able to review, and Harvey Shapiro did an analysis of the Waialae/Kahala area that is a good read.