Transaction Activity Remains Robust
For Hawaii, real estate investment activity remains elevated when compared to the first half of 2016. While the pace of sales was slower in the first half of last year, transaction activity picked up speed in the second half resulting in more than 300 properties sold by year-end for a total of $4.1 billion. For 2017, this pace continues as sales volume jumped 81.9% from $1.048 billion to $1.906 billion. Mid-year transaction counts rose to their highest level in over a decade when 156 deals (each over $1 million) traded hands for a 24.8% boost in transaction activity as compared to 2016 levels.
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