Posts Tagged ‘United States’

Poipu real estate market

June 7th, 2010
Aerial view of Poipu Beach Park on the island ...
Image via Wikipedia

The Poipu real estate market, one of the more tourist-oriented portions of the larger Kauai real estate market, may be starting to emerge from the economic recession. According to a May 8, 2010 article in the Garden Island, “Foreclosures are on the rise and buyers are scooping up properties across the island, recent statistics show, but the two may not be correlated, said University of Hawaii-Manoa Associate Professor of Economics Dr. Carl Bonham Friday.” The piece, written by Coco Zickos, continued to note that “The number of sales for the first quarter of 2010 was almost 70 percent higher than last year, according to Multiple Listing Service. ‘Many of the sales have been influenced by the need to compete with the multitude of short-sale offerings (homes sold for less than what is owed)…thus the sales price reflect this,’ said Kauai North Shore Properties Principal Broker Dennis Toth.”

A second article in the Garden Island reported positive news for Poipu homes for sale, which may see a rise in interest as the economy recovers. According to this May 15, 2010 article, “Slipping back into a recession is unlikely, according to a recent report from First Hawaiian Bank. Apparently the recession is over, some economists say.” The piece, also composed by Coco Zickos, went on to say that “Employment is also reflected in the visitor industry, Boonham said. ‘As long as we keep adding jobs, we’re going to’ continue to see recovery, he said. But if ‘people start worrying about their jobs again,’ they will be less inclined to travel. Since visitor arrivals rose in March on Kauai by some 8 percent and spending for the state is around 20 percent higher than it was at its lowest point, there is ‘good reason to believe we’ve past the bottom,’ Bonham said.”

One particular investor, Summit Pacific, increased its holdings of Poipu real estate in a recent auction. According to a May 12, 2010 press release, the group obtained “The Nihi Kai Villas 833 is a spacious resort at Poipu Beach, offering a brilliant view of the coastline and the mountains and located very near Brennecke Beach and Poipu Beach County Park.”

Reblog this post [with Zemanta]

1 Comment »

Posted in Real Estate

Tags:

Honolulu vacation packages

May 17th, 2010
Ali{{okina}}i?lani Hale, Honolulu, Hawaii
Image via Wikipedia

Honolulu is indeed one of the most widely popular tourist attraction sites. With its clear unclouded skies and warm reflecting waters, the place boasts thriving beaches and perhaps even more crowded hotels and homes. Apart from the sun and the surf, the place is also well known for its rich architecture such as oceanfront hotels, museums and historic monuments. The Hawaiian capital is indeed a treat for all those who love the thrill of outdoor adventures and beautiful sceneries. Furthermore, due to its vast popularity the place boasts abundant nightlife, ensuring that no single moment of your stay is gong to be wasted in sheer boredom

For those who plan a vacation in Honolulu, Hawaii, opting for vacation packages is an excellent idea. These packages provide tourists and visitors with numerous benefits over the casual hotel room renting. Not only are you saved from the unnecessary hassle and worries of spending your valuable vacation time on random hotel room searching but with the additional value added services provided, you have the opportunity of changing your mere stay into an unforgettable and gratifying vacation experience.

Waikiki vacation rentals come in a variety of combos, each package catering to different needs, tastes and budgets. One of the most widely opted for package and perhaps also the most cost-effective one is that of a combination of air travels and hotel reservations. This single package accommodates almost all of your major expenses leaving you with ample of space on your shopping budget.

Other than that, you are also free to opt for hotel deals offered by many. There are certain special packages for vacations and tourists and a couple of seasonal promotions offered to the tourists.

At Honolulu your vacation starts the moment you step onto the island. With its lively resorts and hotels and oceanfront suites you are given luxurious accommodations and a plethora of lively vacation activities and parties that are indeed fit for a king. While searching for the perfect accommodations and rentals in Honolulu make sure you do abundant research on the World Wide Web to best grasp what kind of packages are offered. You are free to choose a package that offers you multiple night stays in an oceanfront suite or opt for a cozier accommodation, near to the crowded beaches where you can enjoy all the snorkel tours and canoe sails.

A lot of tourists prefer the old fashioned way of rentals for the rates offered by these hotels and resorts are very likely to fall under the range of many. Thus for those individuals who are visiting Honolulu on a limited budget, the options are many and varied, starting with an economical hotel stay.

Furthermore, as Honolulu is a tropical region boasting a warm and humid climate, a hotel accommodation that comes with an onsite swimming pool would surely be a wise choice.

However, for the ultimate epicurean experience furnished by luxuriant perks and services then opting for Honolulu real estate is recommended. These resorts offer exceptional facilities and services to their visitors and are thus a tad more expensive than the hotels. Whatever accommodation type you prefer, you are sure to be confronted with hundreds of choices and interesting options making Honolulu an ideal vacation resort.

Reblog this post [with Zemanta]

1 Comment »

Posted in Hawaii, Real Estate

Tags:

Kahului Real Estate Market

April 18th, 2010
D. T. Fleming Beach Park, Kapalua, Maui, Hawai...
Image via Wikipedia

Kahului is the most populous city on the Hawaiian island of Maui, home to a population last estimated to be around 20,000. It is home to the island’s primary airport and is on the island’s north shore on the bay of the same name. In recent years, the market for Kahului real estate has struggled as so many cities on the Hawaiian islands have, affected by an overheating in real estate prices that was brought crashing back down once the U.S. economic downturn set in.

Local real estate statistics show that at the end of 2009, the central area of Maui, which includes Kahului, the monthly median price of Kahului homes for sale stood at $438,000, up from $430,000 the previous month in November, but down from one year earlier, when that figure was $525,000. Sales volume in the area for the month of December saw 31 homes change hands, an increase from the previous month and of a year ago, when it was both at 27.

The market for condos in Kahului is a smaller one, so statistics on the condo market are subject to wild fluctuations based on only a couple of sales. Nonetheless, condo sales volume was up at the end up of 2009. In December, there were five condos sold, and the previous month saw 13 condos sold. At the end of 2008, in December, there was only a single condo sold. The median price for the condos in December was $443,600, up from November’s $275,500. In December 2008, the figure was just $75,000, but it was based on just one low-priced sale.

For the whole of 2009, the central Maui region saw 242 single-family homes sold, a drop of 46% from 2008’s total sales volume, which was 448 units. This trend was typical across the island, as all of Maui saw a 24% drop in sales volume during 2009. The yearly median price in the central region was down only slightly from a year earlier. For the year it was $471,250, down just 4% from 2008’s median of $490,000. The condo market saw an improvement on sales for the year, with 77 condos sold versus just 61 in 2008. This also reflected the trend throughout the island, as Maui saw a 4% increase in condo sales volume. The central region saw the median sales price for condos down a full $100,000 for the year, at $190,000 versus $290,000, a good sign for buyers but a worrisome drop for sellers to swallow.

Reblog this post [with Zemanta]

2 Comments »

Posted in Real Estate

Tags:

Waikiki Real Estate

March 18th, 2010
Waik?k? is one of the best known beaches in th...
Image via Wikipedia

Waikiki, the neighborhood in Honolulu on the Hawaiian islands, has seen a wildly fluctuating real estate market over the past couple of years as it has absorbed the fallout effects of the greater American financial crisis. Overall the islands seem to be showing positive signs of improvement in the real estate market, though whether these effects are lasting.

In February of 2010, there was a more than 29% increase in single-family home sales volume on the whole island of Oahu; condo sales on the island were up around 48% during the same period. Single-family home prices on the entire island were up 7.3% versus a year earlier.

The Waikiki real estate market shows similar signs, though prices have not shown improvement. In February, there were 95 condos sold, up from 55 at the same time in 2009. Prices, however, were down. The median sales price for a condo in Waikiki was just $258,000, down from $280,000 in 2009, according to Coldwell Banker statistics. That was a steeper drop in prices than on Oahu overall, where condo prices were at $298,000 in February of this year, versus $300,000 last year.

Sales volume of Waikiki homes for sale is the bright spot for the area. Sales volume has been steadily increasing since September of 2008, even though since that period median sales prices have been all over the map, falling and rising, sometimes erratically. The number of new listings has remained virtually consistent, at 117 this year versus 119 last year, while overall condo inventory has fallen as sales volume has picked up, down to 487 from 645 at the same time last year.

Reblog this post [with Zemanta]

1 Comment »

Posted in Real Estate

Tags:

Hilo, Hawaii

July 28th, 2009
Lilioukalani Gardens in Hilo Hawai i
Image via Wikipedia

Hilo is a coastal town located on the northeastern coast of Hawaii and has a population of about 41,000 residents.

Being the largest settlement on the island of Hawaii and second largest in the state of Hawaii, Hilo is the county seat of Hawaii County.

The town overlooks Hilo Bay and is situated by two shield volcanoes, Mauna Loa and Mauna Kea. Served by Hilo International Airport, Hilo is home to major establishments such as University of Hawaii at Hilo and the Mauna Loa Macadamia Nut Corporation, which is one of the world’s leading producers of macadamia nuts
. Hilo also hosts the annual Merrie Monarch Festival, which is a week-long festival that celebrates both ancient and modern hula.

Like most other cities in Hawaii, Hilo’s economy is based primarily on tourism. Residents and guests can find great shopping, dining, and entertainment opportunities. Hilo has a developed downtown area and is also home to movie theaters and hotels.

Some popular attractions in Hilo include the East Hawaii Cultural Center, Hilo Art Museum, Imiloa Astronomy Center of Hawaii, Liliuokalani Park and Gardens, Pacific Tsunami Museum, and Panaewa Rainforest Zoo.

Reblog this post [with Zemanta]

3 Comments »

Posted in Hawaii

Tags:

Oahu Best Places to Live

June 26th, 2009
?Iolani Palace in Honolulu, formerly the resid...

Image via Wikipedia

Now’s the time to look for real estate on Oahu! Known as the “gathering place,” Oahu is the center of the Hawaiian culture, economy, communication, and transportation. A bustling nightlife, exciting cultural events, and a wide variety of lodging, dining, and shopping options makes Oahu one of the best places to live, both for part- and full-time residencies.

A number of the state’s major attractions are concentrated on the island, namely the Polynesian Cultural Center, USS Arizona National Memorial, Honolulu Academy of Arts, The Bishop Museum, Iolani Palace

, Queen Emma’s Summer Palace, Diamond Head State Park, Pu’u O Mahuka, Waimea Valley Audubon Center, Dole Plantation, and Lyon Arboretum. Oahu is also home to a number of large retail plazas, including Ala Moana Center, the Royal Hawaiian Shopping Center, DFS Galleria,

Waikiki Shopping Plaza, Aloha Tower Marketplace, Kahala Mall, Koko Marina Shopping Center, Windward Mall, Ward Centres, Pealridge Center, and the Waikele Premium Outlets Mall.

Finding a property on Oahu is also advantageous for the cost benefits of ownership. The very premium Waikiki area’s hotels and properties are sold at extraordinarily high nightly prices. This is because some of the world’s priciest resorts are located directly on the world renowned Waikiki Beach. A number of other glitzy and famous hotels and resorts are also located on Oahu, including Turtle Bay Resort and
the Ko Olina host of hotels.

Reblog this post [with Zemanta]

1 Comment »

Posted in Hawaii

Tags: