Resort sales from 2016-2019 had steadily increased before declining in 2020 by 27.3% statewide. The uncertainty of where the market would turn took a slight 9% increase in prices during the pandemic. The low inventory and high demand to escape raging wildfires, increase number of infections, and big cities has sustained our market. Hawaii has welcomed new residents along with some purchasing second or third homes. As tourists continue to trickle in due to discounted airfares and hotel stays, the demand for people to come to Hawaii is slowly increasing. Will resort housing prices continue increase is the question I think many people are asking.
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