Hawaii's resort real estate market is strong

The resort real estate market in Hawaii has been on the rise since 2004.  The average price of a single family home in Master planned communities like Wailea on Maui, and Mauna Lani on the Big Island, have more than doubled since 2004. 

Average price for single family homes in these master planned communities

  • 2004- 1.4 million
  • 2007- 3 million

Most of the slowing in Hawaii's real estate market has been in homes and condos under 1 million, while there seems to be more high demand for the high end properties.  An example of this is Starwood Capital Group's Baccarat Wailea Resort condominium's grand opening days sales of 300 million.  Some feel that the weather and lifestyle in Hawaii will only attract more babyboomers as they retire and will fuel this luxury property growth on the islands. 

 
This post has been included in Hawaii Information

2 Comments on Hawaii's resort real estate market is strong

Nice coverage.  I'd like to be there in Hawaii (if the storms are gone), rather than here in Winnsboro, Louisiana -- way too country for me.  But really I am enjoying myself.

08/31/2007 02:06 AM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)

You know that's all that really matters in the end, whether you enjoyed yourself.  Always a good thing to remember when an escrow gets stressful or life in general gets stressful.  Having said that Maui is always awesome, storm or no storm  :)

08/31/2007 02:20 AM by Karen Willliamson Wailea Hawaii real estate (Keller Williams Realty)

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Real Estate Agent: Karen Willliamson Wailea Hawaii real estate (Keller Williams Realty)
Karen Willliamson Wailea Hawaii real estate
Wailea, HI
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Keller Williams Realty

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