Maui, Hawaii, November 15, 2020 (GLOBE NEWSWIRE) The median home price in Hawaii is $1.85 million, which is the highest in the country.
The median value of the median home is $742,000, which ranks No. 2 in the United States.
Hawaii has also been ranked as one of the top states for the construction of new homes, as well as having the highest percentage of home sales in the nation.
The state also boasts a thriving home construction industry, which boasts the most homes per capita in the U.S. The average house price in the state is $2,828, with the median value averaging $1,926, and the median household income of $67,800.
The homebuilding industry in Hawaii has been on a steady growth since 2007, with average sales volume in the industry up over 1,100 percent in the past decade.
Home prices in the island state are on the rise, with prices up nearly 300 percent over the past 10 years.
The number of homes under construction in Hawaii jumped by nearly 1,300 percent in 2017 alone.
The median price of a home in Maule increased by $6,700 from $1 million in 2008 to $1 billion in 2018.
The most expensive home in the city of Maule is listed at $1 (and counting), which is $6.8 million.
Maule has a median home value of $1.,932, and it has one of Hawaii’s lowest median home sales volumes.
In fact, Maule’s home sales have been on the decline for more than a decade.
The median home in Honolulu is listed for $1 on the Redfin website, which puts the city’s median home at $3.2 million.
Honolulu has the highest median home prices in Hawaii.
The city also boasts the third highest percentage in the national increase of new home sales, with a 10.4 percent increase from 2013 to 2017.
The top five most expensive Hawaii homes are listed in the Maui Real Estate section of the RedFin website, and Honolulu has four of the five most-expensive homes.
Hawaii has a vibrant homebuilding and real estate industry, with many homes being built with state and local assistance.
The Home Builders Association of Hawaii, a non-profit organization, has been working to promote housing for Maui and other Hawaiian islands for more and more years.
In 2016, the state of Hawaii passed a law that allows homeowners to purchase and own their own homes, and in 2017, Hawaii became the first state to implement a state-mandated moratorium on new construction.
The moratorium was set to expire in 2021, but it was extended until 2022.