Honolulu Hawaii Homes Real Estate

Hawaii Investments – How and Why to Buy Condos, Homes and Commercial Investments

Hawaii follows an 8 to 10 year cycle of plateaus, dips and rises in value. Home prices doubled (5MB PDF) from 2003 to 2006. On Maui they nearly tripled. Another interesting item is that recessions have been occurring approximately every 11 years, 1980, 1991 and 2002. After each recession home prices climbed for 6-8 years then leveled off or dipped. Prices peaked in 1983, 1991 and early 2006. As of the fall of 2009, median prices are aout 20% below their peak, and approaching 2005 prices. Now is the time to make a Hawaii real estate investment for numerous reasons, not the least of which is interest rates have bottomed out.

HEC’s (Hawaii Economic Council’s)  survey also shows that 44 percent of company job groups will not see an increase in their pay for 2009.

Visitor industry recovery will be slow, held back by cautious consumers in the US and Japan. The hotel occupancy rate will average an abysmal 66.1% this year and will remain below 70% until the end of 2011. Job losses will end by early 2010, but the average job count in 2010 will still be eight-tenths of a percent lower than this year. The unemployment rate stabilized over the summer in the 7.0-7.4% range, but we expect a further rise to an average rate of 8.1% in 2010.

Combine all of this with a massive decrease in State spending, a$2 billion budget shortfall and union and school layoffs, and you have a “Buyer’s Market.” Hawaii’s unemployment is the highest that it has been in 30 years. The Department of Business, Economic Development & Tourism economic indicators shows a decline in general excise tax payments of over 30%! Existing home sales volume is down over 15% from last year. Maui, Kauai and Hawaii are seeing similar or worse numbers.

“Between 2017 and 2020, the median home price will be over a million (dollars), said Carl Bonham, UHERO executive director. “When we get to the peak of the next housing cycle, home prices will have doubled again,” as they did from 1998 to 2006 according to a Star Bulletin report. This is often said about an investment in Hawaii homes, they double in cycles.

Due to an anticipated rise in mortgage rates and additional factors, the affordability index will likely be at 50 percent or below by 2017 or 2018, “so the most affordable time (to buy a single-family home) is probably this year and next year,” Bonham said. The last time the index exceeded 100 percent was in 2001.

So, when you’re ready to take a serious look at hawaii investments, properties such as commercial real estate, homes and condos should be at the top of your list. Send me an email at frank@hawaiihome.biz

Hawaii Homes for Sale

The Hawaii Home website is the best place to go for your search for homes, condos and land. Go to our contact page or Send an email to get a customized Hawaii real estate search at no charge.

We are proud to list and assist you in buying or selling Hawaii homes and condos in the State of Hawaii. If you are looking for for Hawaii real estate, you have found the right place.

Whether you are buying or selling, we are here to help. We will assist you in locating any and all Hawaii homes, condominiums, townhomes or land for sale available on Oahu, Maui, Kauai & Hawaii.

Additionally, our advanced internet marketing and search techniques offer buyers and sellers immediate and extensive exposure and up-to-date information along with the professional service you expect.

Use our services to send you a detailed and exact list of Hawaii homes for sale (also useful when selling). We have a complete index of all Hawaii real estate listings on the web to help you find the information you need. We will send you a comparable market analysis to get an accurate sense of Hawaii property values. Our listings include Hawaii houses for sale, condos, Hawaii new homes and foreclosures. We have access to all homes for sale on the Multiple Listings Services (MLS), the source real estate agents use to view real estate listings. We can make home buying and home selling simple and easy to understand, providing you access to the most current, complete list of Hawaii houses for sale.

We will help you find Hawaii real estate listings, houses for sale, new homes, townhouses, foreclosures and more. View Multiple Listing Service (MLS) information at your leisure. If there is anything you would like to know, don’t hesitate to ask.

Although the prices of many of the Hawaii homes for sale are above the national average, the price you pay is well worth the additional benefits and better lfestyle you get from living in Hawaii. Surrounded by thousands of trees and ocean tradewinds, Hawaii homes are available on several different islands. Real estate neighborhoods and subdivisions include Pupukea, Portlock, Hawaii Kai, Lanikai, Hawaii Loa Ridge, Kahala, Kailua and the Diamond Head area. A local agent can help you find more affordable Hawaii homes for sale in other neighborhoods as well, such as Salt Lake, Aiea, Waipahu, Makakilo, Kalama Valley, Ewa Beach and the Mililani areas. Hawaii residents can expect to have healthy lifestyles because of the numerous exercise and recreational opportunities available and the high standard of medical facilities and professionals. Although living in Hawaii may temporarily take you away from the mainland, many homeowners find these beautiful islands and natural beauty well-worth the trouble of moving here.

[caption id="attachment_81" align="alignright" width="300" caption="Koko Crater View toward Diamond Head Honolulu"][/caption]

I can be reached at 808 723 0900 or frank @ hawaiihome.biz or at East Oahu Realty.

I have bought or sold over $20 million in real estate for my clients and specialize in condominiums and single family homes. I can locate specific properties and information on any island, including taxmaps, liens, lot sizes, loan information, zoning, etc.. Some of these areas include Honolulu, Hawaii Kai, Kahala, Portlock, Kaneohe, Kailua, Pearl City, Mililani, Waipahu, Ewa Beach, Kapolei, Makakilo, Aiea and Salt Lake.

I use the latest technology (databases, internet searches/listings, virtual tours, e-mail newsletters) to find or market your home. I use search engine marketing to reach specific buyers nationally and internationally. As your agent, I will:

Complete a comparative market analysis that will compare your home’s value to that of your neighbors.
Compile a comprehensive plan detailing all the efforts I will employ to sell your home, including Internet and local media. Sites will include:
Craigslist Oahu,  Google Base,  AOL Real Estate, Cyberhomes, Trulia,  Homescape, MyREALTY,  Zillow,  Oodle.

Present your home to as many qualified buyers as possible getting your home maximum exposure.
Help you stage your home and generate curb appeal to ensure you get the highest price.
Assist with obtaining offers and help you in negotiating the best deal as smoothly as possible.
Help you find your next home and answer all of your questions about the local Hawaii real estate market, including schools, neighborhoods, the local economy, and more.

Senior Chief Hospital Corpsman, United States Navy, Retired.
MBA, e-Pro Certified.

Member of:
• Honolulu Board of Realtors
• Hawaii Association of Realtors
• National Association of Realtors

Aloha,

Frank Diaz, (RA)
MBA, e-PRO, REALTOR®
East Oahu Realty
808.723.0900
808.791.2277 direct
866.241.8814 fax

http://hawaiihome.biz/