Aloha: Oahu Real Estate Climbs, But Not Scarily
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Views of Waikiki exactly where you want them … over there.
While the views above are truly million dollar, they’re not wildly more expensive than during last year’s Hawaii special edition. Once again, I’m taking one for the team to scope out a favorite place for Texas second home buyers. In 2015, the state reported that 2.3 percent of all Hawaiian real estate was purchased by Texans and represents 10 percent of the total mainland buyer’s market (the top slot goes to California of course … they’re closer and have tech money to spend).
For the record, the views above belong to a 1,000 square foot studio condominium that would sell for about $1.6 million. Heart-stopping for most, oceanfront condos are in terrifically short supply on Oahu with nearly all build before 1970. With scarcity comes demand and cost.
