Thinking of making the big move to Hawaii? Here’s your chance to dive into Hawaii’s real estate market and get insider insights from local experts on the islands of Oahu, Big Island, and Kauai. Watch the full episode of the Aloha Friday Hawaii Real Estate Show, hosted by Peter Kay, and read this blog for an in-depth summary of the latest updates and trends.

Introduction to the Aloha Friday Hawaii Real Estate Show

The Aloha Friday Hawaii Real Estate Show is your go-to source for updates on Hawaii’s real estate market, lifestyle insights, and local news. Hosted by Peter Kay, this episode brings together experts from the islands: Dylan Nonaka (Big Island), Ashliey Wasson (Oahu), and Ronnie Margolis (Kauai). Together, they create a warm, “talk story” atmosphere, reflecting Hawaiian culture and making real estate insights approachable and informative.

Market News and Recent Developments Across Hawaii

The team begins with a look at recent developments and challenges in Hawaii, including political changes and critical issues affecting property markets:

  • FEMA Flood Zone Updates:

    • Changes to FEMA flood maps, especially impacting Oahu, have implications for insurance rates, creating a shift in homeowner requirements and influencing property valuations.

  • Voting Logistical Challenges:

    • Recent elections on Oahu saw unusually long wait times due to limited polling locations. This issue has drawn attention from the real estate sector as political and logistical changes may indirectly affect future infrastructure and community resources.

Regional Real Estate Market Highlights

Each island offers unique opportunities and challenges for prospective buyers. Here’s what the experts had to say:

Oahu Real Estate Market

Oahu’s real estate market saw a significant increase in single-family home sales, up 22.5% in October compared to the previous year. While the condo market remains steady, a slight increase in inventory is providing more options for prospective buyers. FEMA’s recent flood map update could impact insurance rates and buyer demand on the island.

Big Island Market Trends

The Big Island experienced notable political changes, including the appointment of a new mayor, a rare event in Hawaii politics. Real estate transactions saw a boost in October with 380 properties sold, a promising recovery from September’s numbers. This trend highlights growing interest in the Big Island, which offers buyers an affordable alternative to Oahu and Maui.

Kauai Property Market

Kauai’s market surged with a 52% increase in home sales compared to the previous year. One landmark in focus is the Coco Palms Resort, a cultural icon damaged in 1992 and still undergoing reconstruction. Buyers and investors with an interest in Kauai can also explore ongoing development projects and limited but unique real estate options.

Diamonds and Deals: Notable Property Highlights

The team spotlighted some exciting investment opportunities across Hawaii. Maui, with its vast inventory of vacation rentals, continues to attract tourists, maintaining high occupancy rates despite slightly lower visitor numbers. Kauai and the Big Island also feature attractive investment properties, catering to buyers interested in either short-term rentals or long-term investments.

Real Estate Trends and Seasonal Outlook

Looking ahead, the team anticipates Hawaii’s winter season will attract more buyers, especially from the mainland. The seasonal increase in activity aligns with rising inventory and unique buying opportunities. With FEMA’s flood map updates and ongoing political shifts, real estate on Oahu and the neighbor islands may experience fluctuations, creating varied opportunities for buyers and investors alike.

Conclusion: Join the Conversation

The Aloha Friday Hawaii Real Estate Show invites viewers to join upcoming episodes, ask questions, and learn about featured properties. Whether you’re a prospective buyer or simply interested in Hawaii’s dynamic real estate market, this show offers valuable insights and a welcoming atmosphere.