I pulled this article from CNN Money Magazine. It was compiled by our friends at Coldwell Banker.
The reason I posted it was to show some of my clients, and anyone else sitting on the fence, that Hawaii does not follow everything the mainland does. We are not tied 100% into what all the other cities and markets are doing in the US. We stand alone because of our international appeal.
We are not dropping another 30% like some predict the mainland will do. In another blog of mine, it even stated that Honolulu was one of 3 areas that has increased in price. They only comment on Honolulu, but it radiates to all of the islands here. Get of the fence if you have been waiting to buy. It’s not going to get any better than now.
This house has 4 bedrooms, 3 bathrooms, and 2,131 square feet
Land in Hawaii is in short supply, meaning you’ll pay a premium for a home here. It’s the most expensive metro area housing market in the nation right now.
Even during the recession, prices remained fairly stable and have strengthened lately as an influx of foreign investors from Russia, Canada, and the Far East rush to take advantage of a weak dollar.
This contemporary home is a lot more expensive than the other homes on Coldwell Banker’s list, but the price tag includes plenty of amenities, such as a master suite in a separate wing with its own sunken tub and sauna, an observation deck, and a wraparound balcony.
The home, which features pitched ceilings and tropical hardwoods, is located on a Honolulu hillside overlooking Maunalua Bay with views of Diamond Head, the iconic, ancient volcano that has become Hawaii’s emblem. The property also sits on a manicured tropical garden.
We have great deals and values on Maui right now. Just ask me.