Travel Hawaii – Real Estate Blog

5 Reasons Why Hawaii is a Real Estate is for you

June 3, 2010 // 2 Comments »

When you think about Hawaii several images immediately come into your mind. The sandy beaches, Hula girls, pig roasts and warm weather are probably just a few of them. These factors also make investing in real estate properties in Hawaii very attractive to savvy Investors. Here are five reasons why you should strongly consider being one of those investors.

First, the opportunity to generate a substantial return on investment from rental income exists. There are a large number of tourists that visit the Hawaiian Islands throughout the year. Oahu, Maui, Kauai all have several properties with breathtaking views. The islands also offer their own unique experiences for almost any individual, couple or group. Purchasing Hawaiian real estate may appear to be expensive upfront, but the potential rental income return is substantial. There is very high demand from these groups to rent properties on these islands throughout the year. The terrific location and weather also mean that a tremendous opportunity exists to generate positive cash flow year round.

Second, the Hawaiian islands weather and climate offer a tropical paradise that most people want to experience. Those who live in Hawaii will be the first to admit that they have been spoiled with great weather. This means it is possible to enjoy the beach and participate in several outdoor activities you would never get to enjoy in other places. Who does not like the idea of getting up in the morning to a beautiful view in warm weather? This is a strong selling point that can be used to attract renters that want to live in Hawaii on a seasonal basis.

Third, the Hawaiian islands have a special appeal to nature lovers. This group loves the idea of being able to hike, bike, surf and snorkel year round. There are several mountains, forest and trails that are all hot buttons for outdoor enthusiasts. This appeal is another strong selling point that can be used to attract them to rental properties.

Fourth, the Hawaiian islands have a rich mixture of diverse cultures that make it a fun place to live. Several Asian and Pacific Islander groups that settled Hawaii brought rich traditions with them from their original homeland. This blending of cultural influences pervades the islands and offer a rich history that attracts historical travelers. Not to mention the thousands of travelers who come from around the world to experience all the Hawaiian islands have to offer.

Fifth, commercial development and fluctuating Hawaii real estate prices mean great investment deals exist on the Hawaiian islands. The typically high tourism drives commercial development on the islands. There is only so much land available and if you own some, then you are likely to be offered a heft price tag to unload it. There are also times when tourism is lower and higher priced properties might be available at steep discounts. If you carefully monitor market conditions and have connections, then it’s possible that you could get lucky and buy them. This could mean an immediate return and positive cash flow when the tourism market picks back up.

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Waimea Real Estate Market

April 18, 2010 // 2 Comments »

A census-desginated place of more than 7,000, the community of Waimea, Hawaii, is the largest community on the Big Island’s interior and is known as being home to the largest privately owned cattle ranch in the U.S. The Big Island, like the other Hawaiian islands, saw its residential real estate sector sacked by the U.S. recession and its far-reaching effects. Lately, the Big Island has seen prices continue in a downward trend, with condos around $50,000 and homes around $100,000.

The Waimea real estate market, though, is a quiet one that demands much less attention than its rivals like Hilo and Captain Cook. As of April 2, there were just five Waimea homes for sale, according to local realtor Julie Black.  According to a search on real estate listing site RealtyTrac in mid-April, there were two foreclosure properties listed for sale in Waimea, one at a price of $201,000 and one at a price of more than $625,500. The median price of homes for sale was $429,000.

The median home price throughout all of Hawaii County (the Big Island) was $278,800. Additionally, sales activity was up on the island, according to Pacific Business News. The island as a whole saw an 8% rise in sales volume for single-family homes in February with 94 homes sold in the month versus 87 a year earlier, though at the same time, it also saw median sales prices down 19% to $237,000.

Condo sales on the island were up as well, by a much larger margin. The number of condos sold in February tripled from a year prior, to 39 units sold versus just 13 in 2009. The median sales price for condos, however, was also down and this too was by a much larger margin than homes. The median price in February fell 39% year-over-year to $266,175 from $435,000.

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Hawaii Real Estate

January 9, 2010 // 4 Comments »

The Paradise of the Pacific, Hawaii, it never fails to attract even the most confused of travelers. Sun, sand, sea and good food are complemented greatly by hospitality. Hawaii today is not only a visitor’s paradise but also becoming an iconic commercial hub in this side of the pacific. Geography and Demography, Hawaii is ringed by the Pacific Ocean. The 132 islands in Hawaii make it the world’s longest chain islands running a total length of 1523 miles. This is the only state that is not part of the North American Continent but is located 2,400 miles southwest of the Continental United States. Hawaii occupies 10.932 square miles, 6432 square miles are land areas and 4,508 are land areas covered by water. The census of 2005 estimated a state population totaling to 1,275,194 Hawaiians. Hawaii is home to a mix of people coming from the different parts of the world. Hawaii is made up of 8 major islands namely, Hawaii, Honolulu, Kahoolawe, Kauai, Lanai, Maui, Molokai and Ni’ihau.

The Hawaiian economy is fueled by its tourism industry with Agriculture as it’s second largest. Other industries in Hawaii are as follows: Retail trade, Services, State and Local Governments and Construction. There are several public corporations in Hawaii namely Amfac (food processing, merchandising and land development), Castle and Cooke, which owns DOLE and Bumble Bee food which is into food product lines. There is Dillingham, which has a hand in maritime industries and land development. Brewer provides the world with sugar and Macadamia nuts. High Spots in Hawaii, Maui the magic Isle boast of wonderful beaches, Hawaii- The world’s beautiful rainforest’s can be seen in Volcanoes National Parks. Honolulu – a busy seaport and is also the university belt. Kauai – one of the oldest islands is also called the Garden Isle have magnificent sunsets, Lanai – The archeologists’ favorite haunt. Molokai – where the temples for humans sacrifices still stands and also where fishponds and pineapple fields are found. Kauai is the island, which is best known for its surfing beaches, grottos and golf courses. Big Island – takes pride in its arboretum, gardens and parks. Molokai – an island lost in time where there are no tall buildings and magnificent deserted beaches. Kahoolawe – has its beautiful landscape absent of people where visits have to be arranged. Ni’ihau – a rubber plantation owned by the Robinson Family also called the Forbidden Island.

Real estate in Hawaii is also a booming industry in Hawaii. It’s no surprise that people clamor for a part of the estates on these islands. Hawaii is an ideal and beautiful place to live in, near the beaches, golden sunshine, plantations and other things that Hawaiian real estate has to offer. Indeed Hawaii is known as a short vacation spot but many people are beginning to put up homes. Hawaii is becoming a commercial zone and Hawaiian real estate is a part of it.

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