Hawaii Real Estate Churns More Demand Despite Recession

Jan. 19, 2010 - PRLog -- Honolulu: Hawaii real estate has always been one of the most sought after in the world. There are numerous reasons as to why the demand always seems to be up for this real estate despite money market crashes and recession across global markets. The weather, the beautiful landscapes, location advantages and the dream of living a continued life-long holiday is the main drivers of this demand and will remain so.

Global meltdowns, stock market crashes and recessions seem to have no effect on this tranquil haven and the only slight glitch comes from the fact that in December 2009 median sales prices for prime Oahu real estate was down by a marginal 12.2% (single family homes) and the condominiums were down by 1.6% compared to December 2008. However, these small price setbacks have been more than accounted for due to rise in sales – by 36.6% for single family homes and 43.6% for condominiums.

With Hawaii luxury homes or condominiums going for lesser prices and other Hawaii properties like the single family homes coming cheaper, the demand has only spiraled and it seems that more and more people are evincing serious interest in acquiring Hawaii real estate. This is in fact a very important time for Honolulu real estate market and the impromptu growth it has received due to reduction on prices has been awesome. The market has also responded very favorably by increasing sales over the last one year.

There are other factors that have contributed to the rise in demand. The main reason is the reasonable prices of Hawaii real estate boosted by federal tax credits and the low interest rates for mortgages make Honolulu the hot-bed for real estate purchase. Be it a retirement home, a condominium, a family home meant for holidaying or an acquisition for vacation rentals, Hawaii real estate is the market to be in today.

Hawaii luxury homes can be used to generate money due to the already strong tourist market by using properties as vacation rentals. So, acquiring a good Hawaii luxury home in vicinity to the beautiful beaches could prove to be a wonderful investment if managed carefully.

If you need a professional assistance with finding the right property anywhere on Oahu Hawaii the right place to visit is www.hawaii-realty.com. With free consultancy and a lot of information on the offer, Hawaii Real Estate Online, LLC is the all-in-one guide to acquiring Hawaii real estate. With over 7 years of experience in Honolulu real estate and many successful deals under the belt, Oleg Potemkin of Hawaii Real Estate Online, LLC could get you going in no time at all.  With detailed search options and good images of available properties, this informative Hawaii Real Estate site is well equipped to find you the best in Hawaii real estate, be it condominiums, single family home, vacant land, Waikki condominiums, oceanfront, beachfront and waterfront homes, town homes or investment properties.

# # #

Hawaii-Realty.com - your ultimate Hawaii real estate resource with all the latest real estate information on beautiful Oahu, Hawaii. Here you can search and view all Hawaii real estate listings available for sale on Oahu, Hawaii including luxury oceanfront, beachfront and waterfront homes, golf course properties, Waikiki condominiums, townhomes, investment properties, and vacant land for sale on Oahu, Hawaii.