Market Trends

5 Luxury Real Estate Trends to Hit Hawaii in 2023

Aloha Dear Friends,

As we move into 2023, the real estate market in Hawaii is expected to continue its steady growth, driven by a combination of factors such as the state’s natural beauty, strong economy, and thriving tourism industry. While the overall market conditions are expected to remain favorable for buyers and sellers, there are several key trends that are likely to shape the Hawaii real estate market in the year to come.

1. Increase in Remote Work Driven Demand

As more and more companies adopt remote-work policies, we’re likely to see an increase in demand for properties in Hawaii, particularly from mainland buyers who are looking to take advantage of the state’s relaxed lifestyle and beautiful natural surroundings. Many of these buyers are likely to be looking for single-family homes or condos in desirable locations such as Waikiki, Kailua-Kona, or Kapalua.

2. Growth in Second-Home Market

Many buyers are likely to continue to invest in second homes as a way to diversify their portfolios and enjoy a lifestyle upgrade in Hawaii. This trend will be driven by mainland buyers as well as local residents looking to upgrade their living situation.

3. Higher Interest in Eco-Friendly Properties

As concerns about the environment continue to grow, we are likely to see a growing interest in properties that are designed and built with eco-friendly features such as solar power, rainwater harvesting, and green roofs.

4. Rising Prices in the Luxury Market

The luxury real estate market in Hawaii has been on an upward trend in recent years and is expected to continue to do so in 2023. This is due to the high demand from wealthy buyers looking for high-end properties that offer a luxurious lifestyle, as well as Hawaii’s natural beauty and exclusivity of the location.

5. Growing Opportunities for Affordable Housing

Hawaii has a serious shortage of affordable housing which is likely to become more pressing as the state’s population continues to grow. To address this issue, the state government, private developers, and non-profits are likely to focus more on building and preserving affordable housing units. In 2023, we may see a renewed focus on this sector and an increase in the number of affordable housing projects.

Overall, the Hawaii real estate market is expected to remain healthy and active in 2023, with steady growth and plenty of opportunities for buyers and sellers.

It is important to note that this is a high-level overview and trends may vary depending on the specific region of Hawaii. Contact me today and learn more about the trends and growth in specific areas in Hawaii before making any buying or selling decisions.

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About the Author

Satori Ebedes

Satori Ebedes is a REALTOR Salesperson with Hawai'i Life. Excellence is the result of caring more than others think is wise, risking more than others think is safe, dreaming more than others think is practical and expecting more than others think is possible. Satori understands that real estate is more than just a transaction, it’s a life changing experience here in Hawaii. She takes great pride in the relationships she builds and always works persistently on clients behalf to assist them achieve their real estate goals through her exceptional and personalized service. With two decades of experience, Satori specialized in the high end luxury real estate market in South Florida, property management and vacation rentals. Satori migrated west from South Africa over 20 year ago to South Florida, through Sedona and ultimately settled down on the Big Island of Hawaii, where she fell in love with the “Aloha Spirit”. She has also travelled to over 15 countries and brings a global perspective that guides her to unite the gap in the diverse real estate market in Hawaii. On her journey she has discovered how important it is to bridge a healthy lifestyle by living in a beautiful environment. Satori is focused on luxury lifestyle properties and her motto is “One Life”. You can email me at or via phone at (808) 333-2127.

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Michael Furnari

January 26, 2023

very informative/helpfull

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