Why Hawaii?

Hawaii residential real estate appreciation rates are increasing at a blistering pace on all islands as "The Perfect Storm" of low interest rates, increasing tourism, massve private construction projects, increased military expansion, huge new retail developments coming on-line right now, and second home buyers looking for their future retirement homes continues to fuel an economy that is firing on all cylinders! Homes are selling at record breaking prices in both the single family home market as well as condominiums. Multiple offers and overbids are commonplace and are due to the incredible pent-up demand fueled by low interest rates, the lowest unemployment rate in the country, and mainland buyers as well as local trade-up buyers' activity.

Inventory remains low as mainland baby boomers, investors, and trade-up buyers on all islands compete for a dwindling supply of homes for sale. Because of strict permitting regulations, new homes cannot be built fast enough to handle the demand, causing buyers to funnel price increases through the remaining inventory of homes for sale.

Everyone wants a piece of Hawaii. Many are buying their retirement homes now and renting them out for later, thus locking in the price today, at historic low interest rates occurring now, and enjoying the tax write-offs until they can move here. These astute buyers are financing their homes with low, fixed rate loans as  protection against rising rates in the future, while enjoying rapid price appreciation and significant savings over time. Mainland baby boomers are deciding where they want to live and retire now, and are acting accordingly. The rental market is extremely tight and rents are rising quickly every month on all islands and have been for the last several years, helping to defray negative cash flows on the higher-end properties. Buyers who bought a few years ago are enjoying the ever-increasing cash flows in the meantime.

The time to buy your retirement home in Hawaii is NOW!