Subs Help Demand For Honolulu Real Estate!

January 19th, 2009 categories: The Market

We learned everything we need to know about the direction of Honolulu real estate values in Economics 101. It’s all supply and demand! Too little supply and values rise. Too much supply and they go down. Too much demand and prices go up. Too little demand and prices decline. A recent Honolulu Advertiser article regarding the stationing of the new Virginia class submarines at Pearl Harbor means higher demand is coming.

“Two-thirds of the Navy’s new Virginia-class submarines initially will be based at Pearl Harbor, making Hawai’i the main hub for the advanced attack submarines, Navy officials said yesterday.”

Oahu is fortunate to have more than just tourism to drive its’ economic engine (as compared to the neighbor islands). It has military, banking, State and Federal government and higher education as other factors to adding energy to the market.

Add additional military growth to the already high demand for core Honolulu real estate and I believe the mid to long-term price future for our properties is strong. If you would like to discuss your specific real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093.

This entry was posted on Monday, January 19th, 2009 at 9:32 am and is filed under The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.