As we approach the end of the year (and what a year it has been), we are amazed at the resilience we have witnessed in the Hawaii housing market. In spite of a global health crisis, Hawaii real estate remains in high demand, and in most neighborhoods, both sales and prices have outpaced 2019 levels. This is especially good news given all the challenges of this year — remote working, travel restrictions, quarantines, shutdowns, and social distancing. And, that’s just to name a few!
Facing COVID-19
The negative impact of COVID-19 on Hawaii’s economy and the seriousness of this crisis is not lost on any of us. It’s been incredibly challenging. Hard. Life-changing. But, it has also served to make us incredibly grateful to work in an industry that has been such a driving force for our economy. An industry that has adapted, innovated, and resolved to serve Hawaii’s housing needs. One that has fueled our economy while helping to rebuild and restore our communities.
High Value of Hawaii Real Estate
What we have witnessed this year is truly a strong reminder of the high value people place on Hawaii real estate, both as a tangible asset and as a place to call home. COVID-19 may have changed how we work, live, and play. But, it has not changed the fundamental reasons why we love to work, live, and play in this place. It has not changed the resiliency of our land or our people.
Lucky We Live Hawaii
The demand and desire for Hawaii real estate remains strong. Perhaps stronger than ever. Will the market remain resilient to the economic fallout from COVID? No one knows for sure, but we believe so. After all, there’s a reason we say, “Lucky We Live Hawaii.” Especially during a pandemic.
JR
December 24, 2020
Despite the incredibly low interest rates, it seems mind boggling that there is such a demand for housing when our economy is tanking so seriously. Where are all these buyers coming from?
Mahalo and Happy Holidays,
JR