Hawaii's ultra-luxury real estate market smashes records, as sales soar 600%. Here's what's selling

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Hawaii's ultra-luxury real estate market smashes records, as sales soar 600%. Here's what's selling.

Key Points

In the first three quarters of this year, homes valued at $3 million or more saw sales volume rise 235% compared with the same period in 2020. Deal volume hit a record-breaking $3.7 billion, according to Beall said the pace has been "aggressively quick" with some $20 million deals closing inside of 30 days.

Real estate firm Hawaii Life is having a record-breaking year as well, Beall said, with more than $3 billion in sales over the first three quarters of 2021. Sales of luxury homes accounted for $1.38 billion of the total sales volume.According to the data, the average luxury home in the state sold for more than $6 million, up 12.4% over the same period last year, with an average price per square foot of $1,795.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

the natives are not being respected

The 1% have everything.

Only 'DUMMY' from the mainland buys luxury real estate, as locals not 'DUMB.' The people from the mainland are 'SUCKERS.' Aloha From Maui!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines