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Hawaii Economic Improvement

Many small economic gains for the State of Hawaii.
June 25, 2010

Hawaii Economic Improvement

real estate maui hawaii sees that hawaii is saving By Mark Harbison

Based on the recent news, the Hawaii economy is beginning to turn around and inch toward more prosperous conditions.

On Maui, home sales are high, condo sales are high and prices haven't begun climbing yet, aside from a very small increase in condo prices in May, year-over-year.

Gas prices have recently been falling with an average of $3.47 per gallon over the past week, according to AAA Hawaii Weekend Gas Watch.

According to the Hotel Industry Snapshot, conducted by Smith Travel Research and the Hospitality Advisors, Hawaii hotel occupancy was up 7.1% year-over-year last week. Maui has recently led the charge, outstripping the other islands, but Oahu occupancy just jumped 9.5% putting them ahead by one percent while Kauai had an excellent 11.3% increase. The state average is 70.3% which is 4.5% higher than the national average. Pleasantly, for visitors, room rates have dropped with the increase on the islands of Maui, Oahu and Kauai.

According to the US Department of Labor, the Hawaii unemployment rate has fallen from 6.9% in May 2009 to 6.6% this May. On the jobs subject, Hawaiian Airlines added flights back to San Diego and expanded their flight crew, leading to a 2.1% increase in their employment.

If all goes well and these upward trends continue, no matter how slowly, we'll be looking forward to a more comfortable future.


To find the perfect Maui property for you, feel free to use our online real estate search tool. Also, we recommend you take a look at our featured Maui properties and  If you need any help with our website or your pursuit of great Maui real estate, contact us at the information at the bottom of the page. Thanks for reading and have a wonderful weekend!

Blogs for June 2010

Hawaii Economic Improvement

Posted on June 25, 2010
Hawaii Economic Improvement

By Mark Harbison

Based on the recent news, the Hawaii economy is beginning to turn around and inch toward more prosperous conditions.

On Maui, home sales are high, condo sales are high and prices haven't begun climbing yet, aside from a very small increase in condo prices in May,… Continue Reading

Maui Photo Festival & Workshops

Posted on June 18, 2010
Maui Photo Festival & Workshops

By Mark Harbison

Maui is one of the great art capitals of the world, and it's no mystery why that is. For decades, artists have come looking for inspiration to breathe extra life into their work, and there's something special about Maui that makes such endeavors so… Continue Reading

Kihei Community Association to Discuss Shoreline Health

Posted on June 11, 2010
Kihei Community Association to Discuss Shoreline Health

By Mark Harbison

The Kihei Community Association (KCA) will be meeting on June 16th to discuss the health of the area's shoreline. If you are a Kihei home owner, you live in Kihei, or you are considering a move to Kihei, meetings like these may be… Continue Reading

Gorgeous Wailea Condo For Sale at The Palms

Posted on June 04, 2010
Gorgeous Wailea Condo For Sale at The Palms

By Mark Harbison

The Palms at Wailea is one of the most architecturally distinctive low rise condominium complexes on the island. With a bright and fresh look colored by Mediterranean influences, its scenery adds an exotic spice to the area. It's located only a… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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