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Steady Second-Home Market Extends Hawaii’s Real Estate Boom
Year-to-date statewide high-end sales in Hawaii are outpacing 2021 in both number of transactions … [+] and total dollar value, according to Hawai’i Life. Hawai’i Life In an already diverse real estate landscape, there is perhaps no market more unique in the United States than Hawaii. Fueled by wealthy out-of-state buyers, the demand for second-home properties outpaces any other part of the country. According to Hawaii’s chief economist, roughly a quarter of Hawaii’s homes were purchased by non-residents. Large land offerings and priceless oceanfront properties are coming to market on each of the major … [+] islands. Hawai’i Life This continued interest in Hawaii’s real estate by mainlanders and foreign…
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Hawai‘i’s Luxury Real Estate Market is Strong But May Be Tapering Off
Luxury serious estate in Hawaiʻi stays a seller’s current market despite bigger inflation and fascination costs, and the relative absence of Japanese consumers. On just about every of Hawai‘i’s four major islands, the selection of one-family houses offering in May possibly for $1.75 million or far more was at minimum double what it was in the months prior to pandemic restrictions commenced. Yet the quantity of residences in that “luxury” price tag selection and offered for sale was 40{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} under typical very low stock ordinarily offers an gain to sellers in a authentic estate marketplace. Those were being two highlights from the Luxurious Current market Report issued in June by…
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Hawaii’s ultra-luxe real estate is smashing records. Here’s what’s selling
This $23.5 million mansion in Kauai recently sold to guitarist Carlos Santana. PanaViz Hawaii’s luxury real estate market is soaring to all-time highs fueled by several factors including pent-up demand from the coronavirus pandemic, record low interest rates and rising equity markets. In the first three quarters of this year, homes valued at $3 million or more saw sales volume rise 235{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} compared with the same period in 2020. Deal volume hit a record-breaking $3.7 billion, according to Hawaii Life’s Luxury Market Report. But sales of homes priced above $10 million have climbed at an even more robust pace — trouncing state records. “It’s just been like a rocket ship,”…
