Hawaii Resort Real Estate Market
The Hawaii real estate market is a mixed bag these days. The inventory continues to grow which is great for buyers. Two years ago buyers were hard pressed to get an offer accepted on a property. It seemed there were always multiple offers and the price of the home values were bid up above the asking price. Well over the last year or so the real estate market has slowed down and is making an adjustment. Most prices on all islands have been adjusting down making the homes here in Hawaii more affordable. last month Pacifc Business News reported that Hawaii’s resort real estate market seen prices soar by almost 24 percent in the last year. That was driven by the fact the number of single family resort homes selling over 2 million.