Big Island Real Estate Market Highlights 2021
Hawaii Island has experienced tremendous real estate activity and here are some of the 2021 highlights:
- Record Breaking number of Homes Listed and Sold
- Sales Prices keeps Increasing - Buyers willing top dollar
- Inventory is cleaned out and is barely available
- Highest demand for Hawaii Real Estate Ever Recorded
- Multiple Offers Drive up Final Sales Price
- Average Days on Market are 4 to 7 days
- Cash Transactions win over Competing Offers
- Increase in Land Sales for purpose of Home Building
- Increase in new Construction Activity than previous year
- New Residential Developments Built and Sold Out Quickly
- New Commercial Shopping Centers Built in Kona and Waikoloa Village
- Highest Sold Price in Residential Resort Home is $37M
- Largest Tract of Land Sold is 1250 Acres
Newest Residential Developments on the Big Island
The Lofts Apartments in Waikoloa – Brand New to be available for rent by Summer 2022
Wehilani at Waikoloa – New Developer will expand with 400+ more homes in 2022
One Ocean at Mauna Lani – Newly Built Luxury Homes – start to build in 2022
Aina Malu Waikoloa Beach Resort - Luxury Single Family Homes– will resume construction
Hapuna Beach Residences – Selling fast – Oceanfront in Hapuna Westin Hotel
Hapuna Estates – Ocean View Luxury Homes and Home Sites - upper Hapuna Resort
Wehilani at Waikoloa – New Developer will expand with 400+ more homes in 2022
One Ocean at Mauna Lani – Newly Built Luxury Homes – start to build in 2022
Aina Malu Waikoloa Beach Resort - Luxury Single Family Homes– will resume construction
Hapuna Beach Residences – Selling fast – Oceanfront in Hapuna Westin Hotel
Hapuna Estates – Ocean View Luxury Homes and Home Sites - upper Hapuna Resort
Hawaii Real Estate Predictions for 2022
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Foreclosures will climb
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Home price increases will begin to slow
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Mortgage rates will increase
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Inventory should improve
View Year End Market Update Report - Coming January
Ritz Carlton Residences Penthouse Suite - Waikiki Oahu - Listed for $8.3M - MLS INFO HERE
Our Trophy Listings and Sales in 2021
Hualalai Resort Waiulu Villa - $7M -SOLD for full price
Ke Kailani Nearly Oceanfront Home - $5.9M SOLD in 2 months
Mauna Lani Estates Home - $4.199M Sold for full price
Mauna Lani Point G102 - Ocean View Condo - with Brand New Finishes
Offering our New Luxury Vacation Rentals in 2021
As we wrap up our year of exciting events, Hawaii Luxury Real Estate is pleased to be part of your Real Estate adventure. Our true blessings are the lives we touch as we make your real estate goals a reality.