Discover The Magic Of Hawaii And The Aloha Spirit Will Forever Hold A Place In Your Heart || 2009

One of the aspects all of us love about Hawaii, is the blending of so many cultures and ethnic groups that live and work in harmony, enjoying the nature’s wonderful climate, lush, soaring mountains and sparkling blue ocean. We share a common respect to the Aina (the land), to our surroundings and to each other. From Mauka (the mountain) to Makai (the ocean), are many neighborhoods, subdivisions with unique characteristics.

Hawaii has a unique real estate market, and to a degree, not exposed to most of what happens in the mainland, some of the reasons:

• The Island has limited land.
• Spectacular weather year around
• Variations in climate to fit most of the preferences
• The cost of construction is much higher in Hawaii, due to added shipping cost and time value of money.
• Falling sales numbers do not indicate a dramatic drop in prices
• Well priced properties are selling & sometimes, get multiple offers

The areas experiencing the highest decline in price, are where there are new subdivisions under construction, and developers are competing for the same buyer.

The ocean front homes still have the charm and appeal to many buyers. The most popular neighborhoods for ocean front homes are the North Shore, Kailua, Portlock (in Hawaii Kai), Kahala and Diamond Head. The prices range from four million, to over 80 million US dollars.

There are luxury subdivisions with ocean views, and homes with spectacular architecture, and these may range from two million to 10 million us dollars.

Kay is a Hawaii Realtor with Del Osman Realty, Inc in Honolulu, Hawaii and provides us her monthly list of the Top 10 best deals on Hawaii Condos!