Mary Jo McGillicuddy (RA)
Coldwell Banker Realty

Hawaii Real Estate | Hawaii Realtor

Your Hawaii Real Estate Connection

Aloha, Buying real estate in Hawaii can be challenging and very rewarding.  You deserve a positive, helpful partner when buying or selling a home in Hawaii; look no further for the best real estate agent in Hawaii.  I will be your trusted resource for answers about the Hawaii home selling process and I have the answers to your questions about buying a home in Hawaii.  Additionally, as a Hawaii real estate agent with Coldwell Banker Pacific Properties we will bring innovative marketing strategies for selling your Hawaiian home.  We have expertise across all of Hawaii and know the intricacies about all the Hawaiian neighborhood features.  We have the ability to target Hawaii home searches, we know about the schools in each neighborhood and we have a database to search for homes on all the Hawaiian islands.  Finally, all of us at Coldwell Banker have strong negotiation skills we will put to use on your behalf and we will be an outstanding advocate throughout the entire home buying or home selling transaction.  Give me a call today and I will show you amazing support all the way from initial consultation through closing and beyond.  When it comes to buying or selling Hawaii real estate you will need a professional real estate agent with you at all times.  Look no further than right here when searching for the best real estate agent near me.

Attention Military Members PCSing to Hawaii

You won't find a bigger friend to the military than me.  My husband is retired military and I've seen my fair share of moves.  I've been there and done that so I understand the stress and questions about the unknowns.  Where will our kids go to school, where will we live and how do we PCS our pet to Hawaii are just a few of the things that quickly race through your mind when your spouse comes home with PCS orders.  If you are even thinking about considering buying a home in Hawaii, and many military members do, please do not hesitate to call.  I know the neighborhoods, the schools, the commutes, the bases and I especially know how and would love to help get your pet to Hawaii (I love animals).  Plus I'm a certified Military Relocation Professional so I'm current on your needs.  You're going to love your assignment to Hawaii, there's just so much to do and see, and the weather of course is perfect all year round.  There will be a lot of opportunities to explore all the islands, play golf, go surfing, snorkeling or hiking.  You'll make memories and friends that will last a lifetime.  Mahalo and can't wait to see you.   

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Mary Jo McGillicuddy (RA)

Coldwell Banker Realty

Why is Hawaii Real Estate so Expensive?

 

Hawaii is a Dream Destination

Hawaii is viewed as a dream destination for many. From white, sandy beaches to majestic mountains, Hawaii offers variety to its residents.  Each one of the Hawaiian islands is unique and different, packing their own mini adventure. This includes mountains, wildlife, beaches, tropical forests, shopping and nightlife. With all of these amazing benefits, one may think it is the dream destination- and in may ways it is. However, the islands are expensive and finding your dream home isn't always as easy as it seems.  More than likely there are going to be tradeoffs and compromises but at the end of the day you are in Hawaii and there is always a palm tree swaying gently in the breeze and a gorgeous beach to go to.

The Basics: Current Hawaii Real Estate Prices

The current median value for a home in Hawaii is $672,430. Over 82% of the homes in the state are over $357,220. In certain neighborhoods such as Waipahu, median home value is $720,050. In Kailua, median value jumps to $1,030,220. This is significantly more than the median home value in most US states/ cities. Some residents find it more effective to rent. The price for rent can vary from $2,260 to $1,780. There is a large demand for rentals as property prices are so high to purchase. It is important to keep in mind that each city/ island holds its own real estate value. Some areas are known to be cheaper than others. If you are set on moving to Hawaii, it is important to evaluate all of your options with a Hawaii real estate agent.

Many experts have agreed the reason for high real estate prices comes from the demand. Many people want to live in Hawaii, but there is limited space on the islands. There is a demand, without major supply. This creates an exclusive market, where buyers are willing to may over $600,000 for an average family home. It is important to note that other factors contribute to real estate price. Back in the 1950's, real estate in Hawaii was still priced on a premium level. The area has been notoriously expensive to purchase as far back as 70 years.

Searching for a Home in Hawaii

There are various tips for finding a home in Hawaii, even with current high prices. 

The number one tip and most important is finding the best Hawaii realtor. The right Hawaii real estate agent will be able to seek out the hidden gems that fit in your budget and offer you most of what you want in terms of features/ amenities.

Buy a Fixer Upper

Searching for homes that need a bit of updating work can be a profitable choice. Looking for homes that have been recently remodeled will cost you. Instead, looking at homes that need a little TLC can prove to be profitable. The Hawaii real estate market is a great one to invest in. If you are skilled with repairs and remodels, you can create a beautiful home without the hefty price tag.

Rethink Your View

Everyone envisions themselves living on the beach with pristine clear water views. However, if you live in Hawaii, you have access to beaches 24/7. The most breathtaking view is just a drive away. Therefore, you can live in a home that does not have a beach view. Viewing the ocean through your kitchen window will cost you a large price tag. You can find a beautiful, comfortable home that you enjoy without pricey views of the shoreline.

Live Without Unnecessary Lawns

Some homeowners are so set on owning a large piece of property (grass). This will cost you and is not a necessity. With all of the diverse, lush landscape of the island, it is unnecessary to have your own lawn. There are so many free hiking trails, beaches, parks and terrains to enjoy. Even if you have children, there are plenty of amazing landscapes to enjoy with the whole family- only a drive away.

Live Further Out

As with most US states, the closer you are to downtown shopping, entertainment and nightlife, the more expensive the property will be. The main benefits of Hawaii are the wildlife, mountains, tropical climate and beaches. By living further away from cities, you will be able to find a more affordable property. After all, most people don't move to Hawaii for hustle & bustle city life.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on Dec 3, 2020 7:28:pm. Information is deemed reliable but not guaranteed. Copyright: 2020 by HiCentral MLS, Ltd.

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