Compass’ 2024 Year End Ultra-Luxury Report is here, and I had an opportunity to contribute insights on Hawaii Ultra-Luxury market.
The report offers a deep dive into the $10M+ real estate market across the nation. 2024 data confirms what we’ve seen firsthand—ultra-luxury real estate remains one of the most resilient asset classes.
In 2024, a total of 1,744 properties sold for $10M or more, generating $31.39 billion in sales—a substantial increase from 2023. Manhattan led with 307 transactions totaling $7.55 billion, while established markets such as Greater Los Angeles, Miami-Dade, and Palm Beach remained powerhouses. Together, the top ten ultra-luxury markets represented nearly 70% of all transactions.
Yet, emerging destinations are making waves. Snowmass Village, CO, and Nashville saw significant growth, reinforcing a trend: buyers are expanding their search beyond traditional luxury hubs. With sustained wealth creation, generational wealth transfers, and an increasing demand for privacy and exclusivity, 2025 is shaping up to be another strong year.
📍 Explore the full report, including my insights on Hawaii’s ultra-luxury market: luxuryatcompass.com/ultra-luxury
Hawaii’s Ultra-Luxury Market: Strength, Growth & What’s Next for 2025
Hawaii’s ultra-luxury market continues to solidify its position as one of the most desirable in the country. In 2024, the Neighbor Islands—Big Island, Maui, and Kauai—saw remarkable activity, with Kailua-Kona leading the charge.
From 2014 to 2020, Kona recorded 30 ultra-luxury ($10M+) sales. Post-2020, this number more than doubled to 74 transactions. While 2023 saw a slight pullback with 13 sales, 2024 rebounded with 20 transactions—a 54% increase.
What’s driving this growth? Exclusive private club communities continue to define Hawaii’s ultra-luxury market. Kukio in Kona leads the way with a median sale price of $19M in 2024, followed by Four Seasons Hualalai and Kohanaiki on the Big Island, Makena on Maui, and Kukui’ula on Kauai. These ultra-private, amenity-rich communities attract an elite clientele—entrepreneurs, executives, and celebrities—seeking the ultimate in privacy, security, and world-class resort living.
Forecast for 2025
Looking ahead, Hawaii’s ultra-luxury market remains strong, with limited inventory and sustained demand driving prices upward. Buyers aren’t just purchasing homes; they’re securing an exclusive island lifestyle. With continued economic confidence and evolving buyer preferences, 2025 is expected to be another year of steady growth for Hawaii’s high-end real estate market.
If you’d like to discuss the trends shaping Hawaii’s market, let’s connect.