Underscoring the truth to the adage “the rich get richer,” the Hawaii high-end real estate market grew at a record rate through the third quarter of 2021.

Transactions in the $3 million to $10 million luxury category rose from 215 for the period last year to 634 so far this year, according to a report from the real estate firm Hawaii Life. That’s close to a 200% increase.

The overall Hawaii real estate market for the first three quarters grew from a sales volume of just more $1.1 billion in 2020 to nearly $3.7 billion in 2021.

The ultra-luxury market, defined as sales at or above $10 million, made up more than $1 billion of…

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