Hawaii
Real Estate – Paying for Paradise
by Raynor James
Where does one even begin to start when discussing
the island paradise of Hawaii. Perhaps with an inflated Hawaii real
estate market for those considering relocating.
Hawaii
Formed by volcanoes, Hawaii is a collection of
islands that feel like paradise. In fact, the islands continue to grow
with active volcanoes consistently producing new lava flows and adding
to the land mass. Loihi is going to be the newest island, but is still
underwater at this point. If you have a long-term view, however, you
can start saving money for a deposit now!
Each island of Hawaii has unique features to
satisfy the desires of anyone locating. You can get rain forest,
soaring mountains, prairie like areas and, of course, beaches, beaches
and more beaches. If you love the ocean, there is no better place to
live than Hawaii.
Maui
Perhaps the most popular of the islands, Maui is a
hot spot for travelers seeking fun in the sun. Ripe with beaches and
golf courses, one can’t help just looking around and admiring the view
from practically anywhere on the island. Lahaina is the main resort
area in the north and Wailea is a surf mecca on the south end of the
island.
Honolulu
Located on Oahu, Honolulu is the biggest city in
Hawaii with a population of roughly 400,000 residents. With the major
airport in Hawaii and beaches of Waikiki, Honolulu is the first
designation of most travelers. The city is situated up against
mountains and is about the only place you’ll find skyscrapers and
traffic jams of freeways. With only 400,000 people, the city is not
over populated. Still, it is a city and probably the least attractive
location on the islands. In Hawaii, that is a very relative statement.
Hawaii Real Estate
Hawaii is a paradise and Hawaii real estate prices
reflect it. Surprisingly, the prices are actually a little less than
California. A single family home in Honolulu is going to set you back
roughly $730,000, while the same home in Maui will average $20,000
more. On a positive note, real estate in Hawaii has appreciated at a
rate of approximately 26 percent in 2005.
Hawaii is truly paradise on earth. Unfortunately,
the real estate prices reflect it.
Raynor James may be contacted at http://www.fsboamerica.org
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