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Tourism Silver Lining in a Cloudy Economy

Another very positive report on how tourism is leading the Hawaii economy out of recession.

Economists at the University of Hawaii now predict that the rebounding visitor industry will begin spilling over into other economic sectors in 2011. Read the full article.

Oahu is expected to be the chief beneficiary due to the fact that more Asians travel to Oahu than they do to the neighbor Islands, and that travel segment has benefited from the strong economies in the Far East. Nevertheless, given the allure and magic of Maui and the slower paced lifestyle; we expect Maui to lead the State in sales of resort real estate….especially in the high end as it did before from 2000 to 2006.

Have a wonderful week.

Mahalo Nui Loa,

The Smith Team

P.S. Last week we featured 231 Kaupalena in Honolua Ridge Phase II. If you are interested in making an offer, now is the time to do it. Reduced again to $2.895M. Comparable homes in the neighborhood are selling for millions higher than this price. More details.

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Lindsey Taylor, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.