JWB, Yea, it's like that in most regions of the USA these days, but I'm a bit surprised that it's that bad in Hawaii due to the fact that Hawaii appeals to international buyers.
A while back the Canadians started the Hawaii real estate boom ... and most recently the buyers came from Japan.
Sometmes the same property re-sold a good number of times while it was in escrow during an 8 week closing period.