Just released by Hawai‘i Life—our luxury market report details activity at the highest end of the Hawai‘i market through 2020.
Market activity strayed wildly from the familiar pattern of most years. While overall luxury sales by dollar volume dropped on O‘ahu and Maui in 2020, trading in the luxury price segments on both Kaua‘i and Hawai‘i Island increased substantially over the previous year.
2020 high-end sales on Kaua‘i outpaced 2019 in both number of transactions (+15 or +65%) and total value (+161%). Kaua‘i recorded 38 sales above $3 million with seven sales above $10 million, reaching $273.3 million in total sales. The highest sale was a $36.75 million North Shore estate in Hanalei, listed and sold by Hawai‘i Life.
Hawai‘i Life represented 15 percent of the total buyers and sellers of luxury property statewide in 2020, and the company’s Kaua‘i sales increased in dollar value by 391% in 2020 versus 2019.
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Our 2020 Hawai‘i Luxury Market Report covers all four quarters of 2020 and delivers a wealth of knowledge. It’s loaded with data, key insights, forecasts, and the most spectacular listings available for purchase across the state. To gain a clear understanding of Hawai‘i’s high-end real estate market, download the Hawai‘i Luxury Market Report today!