Experts generally agree that the national and Maui real estate markets are finally showing a period of recovery and growth, although there is also a consensus that those recoveries are both precarious and uncertain. A report from the Lahaina News seems to indicate that a housing recovery is currently underway, but that the duration and strength of that recovery is both variable and far from predetermined. The National Association of Realtors’ chief economist, Lawrence Yum, believes that home sales will steadily rise over the next few months, due to low mortgage rates and relatively low prices on homes and apartments. This cautiously positive outlook seems to also apply to the island of Maui in particular. Year-over-year, the first three quarters of 2010 have outperformed the first three quarters of 2009 by wide margins. Maui condominium sales have risen by nearly fifty percent, while single family home sales increased by about thirty-three percent, the number of vacant lots purchased increased by about thirty-two percent. This increase in sales volume has been accompanied by a decrease in the median sales price, with condominiums dropping in price by twenty-one percent, residential properties by eight percent, and vacant land by just under twenty percent. West Maui saw perhaps the most drastic increase compared to 2009, with condominiums, residential properties, and vacant land showing jumps of eighty-two, fifty-five, and forty-eight percent, respectively. These same three categories of West Maui real estate did a drop in average price as well, though, with each segment dropping by fourteen (condominiums), sixteen (homes), and thirty-one (land) percent. The overall trend appears to support a continuing buyers’ market, although the steady decline in median price seems to be slowly leveling off. Hopefully, this nascent strength will continue and lead to real stability in Maui’s real estate market.
This same generally positive news for Maui homes and condos for sale was noted in a November 11, 2010 article from the Maui Weekly, which stated that “This is concurrent with the recent rise of real estate purchases on Maui. When comparing the first, second and third quarters of 2010 with the same time periods in 2009, condominium sales volume displayed an increase of 49 percent, with residential property sales improving by 33 percent and vacant land sales growing by 32 percent. Median sales prices for condominiums declined by 21 percent, residential by 8 percent and vacant land dropped by 19 percent.” This is an unsurprising correlation, since generally speaking the number of sales is inversely related to the quantity of units sold. In times of particularly robust economic strength and growth, some markets exhibit both higher prices and higher rates of sale.
There are, unfortunately, signs of weakness both for the local and national economies. The real estate market tends to follow the overall momentum of the economy, meaning that if Hawaii or Maui’s overall economy starts to falter, there is a larger chance that real estate will also falter. 2009 was the first time since the Great Depression that the global economy as a whole contracted. According to the University of Hawaii Economic Research Organization (UHERO), the current tentative recovery that supplanted that recession is starting to falter. The Maui Visitor’s Bureau is concerned that an additional shock to the already fragile economy could push the nascent rally back into recession. In particular, a major concern is that a double-dip recession could damage the largest sector of Maui’s economy, the tourism industry. The UHERO update warned that the global recovery is proceeding “in an uneven fashion.” Less developed nations, especially those in East Asia, started to rally most quickly, but more industrialized countries lagged well behind the expected curve of recovery. Unemployment remains relatively high, and the American recovery in particular seems ready to fail as the last of the federal stimulus money is spent. Economists are projecting that it could take years for the global economy to return to pre-recession levels. While the United States has seen encouraging increases in consumer spending, the commercial sector has not shown comparable strength, and banks remain hesitant to loan out money. In Japan, which has been in financial trouble for years, the relative strength of the yen has started to be a concern, counteracting the positive effects of higher exports. The bottom line is that the Hawaiian economy may suffer as the global economy’s recovery begins to stumble.
The widespread recession in trade and employment and the world’s economy in general has given the mortgage industry a serious setback. However, if you are an individual who is on the search of a real estate and are keen to invest in property then Kauai is an ideal place to opt for. Well known for its lush and bounteous tropical greenery, this Hawaiian vacation destination is also known as the Garden isle. Despite the financial challenges faced by a number of people who wish to buy or rent real estates; the Kauai real estate business has managed to maintain its growth graph at a constantly rising level.
Purchasing a home in Kauai is indeed an experience worth cherishing for the place is so alive with sparkling sand beaches and picture-perfect sceneries that its charm is truly beguiling. With the ever increasing tourist attraction and population in Kauai, a lot of visitors wish to either rent a home in this beautiful paradise or buy it in case of prolonged stays. Whatever you wish, the industry is thriving and you are sure to find a deal which best meets your requirements and likes.
Purchasing a home in Kauai indeed provides a lot of additional benefits such as a clean natural atmosphere. Moreover you have the liberty to enjoy a multitude of outdoor activities. what’s more interesting is that there are a number of websites on the world wide web that specialize in enlisting the most popular Kauai real estates including homes, condos and lands thus simplifying and speeding your search process by manifolds.
These websites boast a large network and consequently an equivalently large database to bring you some of the most refined search results in Kauai real estate. In addition, some websites also feature customized search criteria for their visitors. This enables them to find you the perfect real estate option as per your requirements and budget. For tourists, the finest quality rental accommodations are also enlisted to help them make the most of their vacations and time without any worries and concerns.
For ardent travelers who love the joy and adventure of picturesque scenes and nature, the search for a perfect home is indeed going to be an enjoyable one. Whether you are a newbie or some usual tourist who has sufficient knowledge of the Kauai and north shore areas, the place is indeed an embodiment of your warmest wishes and desires.
For tourists and travelers, Kauai offers luxurious vacation homes on rental basis. However if you wish to become a permanent resident by buying a piece of land of this heaven on earth then you will be provided with a humungous investment opportunities which you are free to explore and decide upon. Kauai with its breathtaking beauty and charm has a place for everyone. You will find abundant real estate options, and are sure to find that one piece that best suits your tastes. Whether you wish to buy a large house or a small condo, perfect for your vacation, you are sure to find a place in this paradise.
As previously mentioned, Oahu is one of the biggest islands in Hawaii, and is popularly known as “The Gathering Place”. In here you will experience a splendid fusion of serenity of an island paradise and the comforts of an established metropolis.
In 2006, the Kahala Resort became part of the Nast Gold List and has since been the most recommended vacation spot in Oahu. One of the specialties that Kahala offers is their spa services. Guests and tourists alike can choose from the wide range of spa packages which are all imbued with an authentic Hawaiian spa experience. Whether it’s a standard or authentic Hawaiian spa service, clients can enjoy relaxation in the true spirit of luxury. Water sports are also a mainstay in Kahala, as well as their smart and friendly dolphins waiting to welcome and greet their clients. Hawaiian cultural classes are also held here, and children can also have fun in the “kid’s club”.
All rooms and suites in Kahala are designed with dark woods, which are given a touch of sparkling Hawaiian colors. You can also find a balcony in each room – perfect for experiencing breathtaking views of the pristine ocean waters or the green vegetation that surrounds the Kahala neighbourhood. Are you a food enthusiast? Here at Oahu, you can choose from the five famous fine-dining restaurants that will surely tickle your palate and please even the most discriminating guests. Shopaholics are in for a treat as Waikiki offers one of the best shopping places in Hawaii, as well as a good dose of specialty restaurants and Waikiki real estate as well.
You also might want to try the adventures that await you in Waikiki. A good place to stay here is in Westin Moana Surfrider – considered to be Oahu’s oldest hotel. Ever since its inception in the year 1901, it has undergone several major renovations in order to better serve its guests while still maintaining its classic colonial theme. Try availing their premier spa services or get yourself wet in the beach or swimming pools inside the resort. Water sports are also offered here, as they feature an in-house sports center to cater to the needs of sports enthusiasts. And don’t forget to drop by their fitness center and get yourself in shape again.
For people who want to have some time away from crowded places, the Turtle Bay Resort is the place to be. Here you can relax in midst of nature as the lush green vegetation surrounds your every move. The nice warm breeze coming from the blue ocean waters is enough to take anyone’s stress instantly. On the menu is one of the best oceanfront accommodations you can find in Hawaii. Love golf? You’ve come to the right place! Thrill-seekers can spend their time in the resort’s water sports, as well as horseback riding and hiking.
The JW Marriott Ihilani is considered to be one of the most extravagant resort and spa destinations in Hawaii. Located in the ever so lovely Ko’Olina, this place is one of the finest when it comes to luxury getaways. You can easily notice your seclusion from the rest of the world while you are here, always peaceful and tranquil. Relax and enjoy in the crystal clear ocean waters and bask in the white sand beaches, play all the golf you want, ride the waves, shop until you drop, and dine in the finest restaurants – it’s all here in JW Marriott Ihilani.
Kahala is an upper class community in east Oahu that features some of the state’s finest and priciest properties. For non-residents in search of a premium vacation home in Hawaii, Kahala real estate is one of the hot investments today. With many properties expanding to at least 10,000 square feet and exceeding $3 million in value, some of the most expensive real estate of the Pacific can be found in Kahala. However, buyers with a keen market sense and desire to find a home in the neighborhood might be able to find a suitable place at an acceptable price. Not only is Kahala within a five minute driving distance from popular Waikiki and downtown Honolulu, it also is home to several secluded and empty beaches along the beautiful coastline.
Other hot real estate investments can be found in Kapolei. Popularly called the second city of Oahu, Kapolei has seen recent construction and renovation that has included the building of several subdivisions. While these properties are no where as fancy as those in Kahala, the market is quite hot in Kapolei due to the exceptional value of new houses that have just been finished in the area. While the community is far from downtown Honolulu, the thriving local community makes living in Kapolei a breeze.
Hawaii has one of the most diverse selections of culinary richness. This can be attributed to the rich mix of different cultures and different tastes. No matter what the occasion is, Hawaii has all kind of restaurants to cater to your needed culinary experience. Below is a list of Hawaii’s excellent restaurants that have unanimous approval from many satisfied customers.
Beach House Restaurant (Kauai): Voted by Honolulu magazine as one of Kauai’s favorite, this restaurant serves the finest combination of regional cuisine and cool tropical cocktails. The place is also located in a romantic oceanfront setting, thus making the dining experience here really memorable.
Are you dreaming of that perfect Hawaiian vacation? Well, then you just have to go to Maui. Of all the Hawaiian Islands, Maui is the most magical, alluring and exciting. The island has a lot to offer; it has the best beaches, best golf courses, best windsurfing, best weather and the sweetest pineapples you’ll ever taste, Maui Gold! Now, that’s the best of everything!
Besides the soaking under the sun, and sipping mai tai while the sun sets, what else is there to see in Maui? Well, we’ve compiled a Top 10 Do-Not-Miss List in Maui
10. Molokini – Just off the southwest coast of Maui, you will find a partially submerged, cresent-shaped crater, rising 150 feet from the ocean. This is definitely a must see! Now after having a protected marine preserve and seabird sanctuary, one can conclude that place is the best snorkeling and diving locations in Maui area. There are also that offer charter plane, and snorkeling excursions. The most recent excursion left Molokini recently and went to Ma’alaea and Lahaina. These places harbor this maddening feeling that they have the right to ask people for money; which they don’t.
The Best Hawaii Beaches
Hawaii is definitely known for its amazing beaches. Your stay in Hawaii will most definitely not be complete without checking and visiting its wonderful beaches. Hawaii offers many breathtakingly awesome beaches; it’s astounding. Whether you plan to do various water activities like swimming, surfing, snorkeling to just lounging around the beach and sun bathe, you can do all of these in Hawaii’s most fabulous beaches
Through this small guide, I will try my best to list down all the best Hawaii beaches for you:
- Waikiki Beach (Oahu): One of the most famous beaches in Hawaii is the Waikiki beach. The beach has already served as the location of many of the world’s famous and biggest beach parties. It really does deserve its reputation because of its stunning beach and crystal clear waters. Here, you may just lounge around the beach or do any water activities like surfing.
- Hanauma Bay (Oahu): Hanauma Bay is said to be one of the perfect snorkeling spots in Hawaii. Located in the sunken volcanic crater on Oahu’s southeast coast, the preserved bay is home to rich marine life. Snorkeling here will give you a whole new perspective of Hawaii.
- Waimea Beach Park (Oahu): Favorite among expert surfers, Waimea is home to the big waves of Hawaii. The waves are at their biggest during winter. It’s astounding to look at the surfers conquering the waves of Waimea Beach. For beginners, it is advisable to visit Waimaea in the summer because the waves are much smaller. During this season, you can try out your skill and practice the art of surfing.
- Kaanapali Beach (Maui): Kaanapali Beach is reminiscent of Waikiki Beach. It has the clearest of waters. You can just relax, sun bathe and lounge around at this beach. If you want to do various water activities like snorkel and wave jump, you may also do so.
- Hookipa Beach Park (Maui): Famous among the best wind-surfers, Hookipa Beach is said to be the best place to surf. In the mornings, the beach is usually filled with surfers, while in the afternoons, the beach is owned by the wind-surfers. The best time to surf here is during the wintertime.
- Hapuna Beach (Big Island): Hapuna Beach is one of Big Island’s popular beaches. This area has the one of the most amazing white sands and beautiful waves.
- Kahaluu Beach Park (Big Island): The protected waters of Kahaluu is said to be one of the best snorkeling spots in the Big Island. Aside from snorkeling, you can also play around the beach and sun bathe.
- Anini Beach (Kauai): Another snorkeling and swimming spot for you. The Anini Beach is home to the protected offshore reef. The offshore reef allows you to swim and snorkel safely.
- Poipu Beach Park (Kauai): Offering the most smooth sands, grassy lawns and shallow waters, Poipu Beach is perfect for sunbathing, swimming, snorkeling and most definitely surfing. It’s hard to learn surfing but once you get the hang out of it, it’s magnificent!
The 10 Best Places To See In Hawaii
10. Polynesian Cultural Center – The Polynesian Cultural Center is the one place where you go to learn about the islands culture and local habitats. Here, visitors can get a glimpse of the culture-rich society of Hawaii. In addition, the center plays host to one of the most authentic luaus in Hawaii.