Honolulu Real Estate

Downtown Honolulu is Hawaii’s main business center. There are many bank towers and office buildings clustered in downtown Honolulu. However, there is also rich cultural history to explore there as well. It is home to the only royal palace on American soil, Iolani Palace. The eight-and-a-half foot tall bronze King Kamehameha statue sits across the street from the palace. Just behind the palace is Hawaii’s state capitol building. The Aloha Tower Marketplace is a collection of shops and restaurants around the historic Aloha Tower built in 1926 to welcome passenger ships entering Honolulu Harbor. When it was built, the ten-story tower was the tallest building in Hawaii.

Downtown Honolulu is home to many individuals who work downtown. Honolulu was recently recognized as having a quite high live-work percentage. 45% of people who live in Honolulu also work in Honolulu, making it ranked 7th on a list of cities ranked by live-work percentages. Honolulu’s economy is thriving which is creating more jobs and people want to live near those jobs. New condo developments are rapidly being constructed in order to meet this demand.

According to the Honolulu Board of Realtor’s data for 2013 as of the end of the third quarter, 71 single-family homes were sold in Downtown Honolulu with a median price of $775,000. In addition, nearly four times the number of condos was sold, with 278 being sold with a median price of $442,000 in Downtown Honolulu.

Downtown Honolulu is the best place to live for people who work there. Living near where you work greatly decreases the stress caused by commuting and simplifies your life. You’ll definitely be home in time to relax and enjoy your time away from work. Plus, Honolulu is a beautiful place both to work and to live. Anyone currently working in the downtown area should consider purchasing a home or condo there.

Honolulu Real Estat