Why are Condominiums so Expensive in Hawai‘i?

Justin Tyndall, Housing, Reports

The median sale price of a new two-bedroom condominium in Hawai‘i is about $670,000, more than double the price in the average state. In this report, we try to determine why new condominiums are so expensive in Hawai‘i. We break down the costs involved in producing condominiums to better understand the causes of high prices.