Hawaii Leads in Luxury Housing Price Growth in 2017

Dec 29, 2017

The Aloha State was home to the 2017 housing market with the fastest luxury price growth, according to new data from Realtor.com.

In Maui, led the nation with luxury prices that saw a nearly 33 percent ascent in 2017, closing the year with an average of $2.485 million compared to the previous year. Other Hawaiian markets with aggressive luxury price appreciation were Kauai, which came in fourth place with a 25 percent spike in average luxury price during the year, followed by the Big Island of Hawaii in fifth place with a 24.8 percent.

As for the other top five housing markets enjoying luxury price appreciation, Colorado’s Eagle County, home to the Vail and Beaver Creek resorts, ranked second thanks to prices rising 31.5 percent in 2017 to $2.89 million. The New York City borough of Brooklyn placed third with a 30 percent increase in its average luxury prices.

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Phil Hall

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Dec 29, 2017

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