HONOLULU, Hawaii (HawaiiNewsNow) – Over the last year, the pandemic has driven up prices of real estate on Oahu to levels never before seen.
Also seeing an astounding boom are sales of luxury homes, valued at $2 million or more.
According to data released by Coldwell Banker Realty, the first quarter of 2021 saw a 106% increase in sales compared to the same time in 2020.
Exactly 50 luxury homes sold last year during this first quarter, Coldwell Banker Realty said. This year, 103 were snatched up by rich buyers. These properties included single-family homes and luxury condominiums.
