Hawaii Is a Safe Place to Invest

Mainland Home Buyers see Hawaii as Safe Haven

Located in the middle of the Pacific Ocean, thousands of miles from any other land mass, many feel Hawaii is a safe place to invest and to stay healthy. Hawaii saw only 637 cases of the COVID-19 across its islands with only 17 related deaths, 11 on Oahu and 6 on Maui. In comparison the US mainland confirmed 1.47 million cases and 88,237 deaths and it is still spreading globally. Most cases identified in Hawaii were introduced into the state by travelers, including returning residents. Hawaii early on set up a two-week quarantine for any incoming travelers and required all residents to a “stay-at- home” period. Social distancing and facemasks were mandatory if you had to be outside your place of residence. With Aloha, Hawaii residences took these mandates seriously resulting today with no new active cases in the state.
Kauai island had a total of 21 cases with all but one case being travel related consisting of 16 residents returning to the island and 5 visitors. All recovered with no deaths and there have been no new cases for 5 weeks.
Since March 15th and the shutdown of Kauai with visitor quarantines and stay-at home mandates, Kauai has seen 82 properties go into escrow. Many of these were done sight unseen with virtual tours or those seen prior to COVID-19. Some properties were able to be viewed by visitors and residents on island using strict safe practices of social distancing, facemasks, gloves and sanitary wipes.

Kauai’s inventory remains low keeping prices stable in most areas, however some predict prices could rise slightly during the year with the increased buyer interest looking to find a safe haven. Loan rates remain low often under 3% depending on a buyer’s credit and purchase amount that provides extra incentive to buyers to invest. Donna Rice, a senior real estate advisor with Elite Pacific Properties. LLC stated “Kauai’s luxury market priced over $1.1M on Kauai remains strong with 8 of the 82 properties that went under contract since March 15th were luxury properties, including 3 beachfront properties on Weke Road in Hanalei that sold for $36 million.” Whether you are looking for a primary residence, second home or investment property Hawaii’s lifestyle, climate, organic foods, and location make it a safe and healthy environment.
Click the photos below for a few properties worth a look:

Questions? Contact Donna today (808) 651-2840

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About Donna Rice

Daughter of an Army Father Graduate of Killeen High School in Killeen, TX Graduate of University of San Francisco Graduate of REALTOR Institute Real estate salesperson from 1998-2001 Licensed Broker from 2001-present Member of the Centurion Honor Society for consistent high sales Member of Who’s Who in Luxury Real Estate Former Broker in Charge for Century 21 All Islands 2004-2014 Joined Elite Pacific Properties, LLC 2015 to present President of the Kauai Board of Realtors 2013 and 2017 Board Member of the Kauai Board of Realtors 2011 to 2014, 2016 to 2018 Executive Board Member of Hawaii Association of Realtors 2017 Educator for Hawaii Real Estate Agents Currently represent buyers and sellers Sales include luxury resort properties, exquisite homes with ocean views, farm and ranch homes, top golf community homes, and highly desirable luxury condominiums and single-family homes across a variety of island communities Sold over $17 million Dollars in sales volume