Hawaii Real Estate - Paying for Paradise
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.