Compass has some of the best properties available in Hawaii. Hawaii is a state of the USA located in the Pacific Ocean, the only one located outside North America, the only island state, and the only state in the tropics. Its breathtaking natural beauty is matched only by the wonderful people who call Hawaii home. Hawaii is consistently rated as one of the best states to live in when criteria include environmental factors, low crime incidence, quality of education, and longevity.
Hawaii consists of 137 volcanic islands spanning 1,500 miles: its ocean coastline is consequently the fourth longest in the U.S, at about 750 miles. Of the 50 U.S. states, Hawaii is the 8th-smallest geographically and the 11th-least populous, but the 13th-most densely populated with more than 1.4 million residents, and is among the most diverse states with the nation's only Asian American demographic majority. The state capital and largest city is Honolulu on the island of Oʻahu. Settled by Polynesians some time between 124 and 1120 AD, Hawaii was an independent nation until 1898, when it was annexed by the USA, becoming the most recent state to join the union, on August 21, 1959.
Hawaii's diverse natural scenery, warm tropical climate, abundance of public beaches, oceanic surroundings, active volcanoes, and clear skies on the Big Island make it a popular destination for tourists, surfers, biologists, volcanologists, and astronomers. Due to its central location in the Pacific and successive waves of labor migration, Hawaii is a unique melting pot of Southeast Asian, East Asian and North American cultures, in addition to its indigenous Hawaiian culture.
Hawaii''s climate experiences temperatures and humidity that are less extreme because of near-constant trade winds from the east. Summer highs usually reach around 88 ° during the day, with a low of 75 °at night. Winter day temperatures are usually around 83 °; at low elevation they seldom dip below 65 ° at night. Tourism has been the largest industry, contributing 24.3% of the gross state product. Hawaii had the 4th-largest number of millionaires per capita in the USA, with a ratio of around 7.2%. The cost of living specifically Honolulu, is high compared to that of most major U.S. cities, although it is 6.7% lower than in New York City and 3.6% lower than in San Francisco.
The median price of a single-family home on Oahu was just shy of $840,000 in August, a 6% increase, but not unlike Miami condominiums have fared less well during the pandemic. Multiple county governments in Hawaii have also enacted tougher restrictions on short-term rentals in recent years. With so many employed in the tourism industry, lower priced properties have been impacted by job losses that are probably temporary. About 40% of the population rents their home. Hawaii’s low eviction rate was likely due to the previously strong economy, which at one point featured the lowest statewide unemployment rate in the USA at around 2%.
If you are interested in properties in Hawaii, contact me and I'll connect you with the best people Compass has to offer.
