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Hawaii’s ultra-luxe real estate is smashing records. Here’s what’s selling

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This $23.5 million mansion in Kauai recently sold to guitarist Carlos Santana.

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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% 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,” said Hawaii Life Real…



Source cnbc.com

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