Real-estate prices of luxury homes on the Hawaiian island of Oahu surged more than 106 percent in the first quarter of 2021 from the year-earlier period as remote workers relocated to the area en masse, Hawaii News Now reported, citing data from Coldwell Banker Realty.
As the pandemic proved that many office jobs could be performed remotely, workers are opting for desirable locations such as Hawaii, the report said, citing real-estate agents.
Coldwell Banker Realty reported that 31 of 50 luxury properties (homes priced at $2 million or more) sold in March 2021 were between $2 million and $2.9 million, 13 sold for $3 million to $3.9 million and six were priced above $4 million, Hawaii News Now reported.
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