Hawaii Real Estate Summary

The Hawaii real estate market is hot.  Unemployment is very low and jobs are being created by the tens of thousands each year, making Hawaii relocation very popular.   Since the Islands are small land wise, the demand for affordable housing is very high.  With tourism being such an important part of Hawaii´s industry, tourists take up a lot of housing with seasonal rentals.

Kauai real estate is in a hot trend.  The average sale price is $700,000.  Houses are on the market for 90-120 days before a buyer places an agreement on the house.  The average price is up 5-10% from a year ago.  Even though it is an expensive market, houses are getting 95-100% of the asking price.

Maui real estate is also hot.  Houses are only on the market for 30 to 60 days and sell for an average of $500,000.  This price is up 15-20% from last year´s average home sale prices.  Sellers are getting 95% of their original asking price on houses.