04/15/10 Maui Hawaii USA
According to a recent study done by the Department of Commerce and Consumers Affairs, PVLD, a total of 19,209 real estate licensees are practicing in Hawaii. The approximate population of Hawaii is around 1,290,000 and if you do the numbers, an estimated high percentage(%) of the population are real estate licensees. Just in Maui, which has a population of approximately 117,644 citizens, there are 2,902 licensees. What does this mean to the total number of multiple listings which are active in Maui and the total dollar value? Presently, according to statistics maintained by the Realtors Association of Maui (RAM), there are a total of 3,260 active multiple listings totaling $3,556,921,544. That is about 1.123 listing per licensee. Does this mean that there are too many licensees in Maui? If we breakdown the numbers in another fashion, there are 2,520 licensees, 175 corporations, 106 sole proprietors, and 101 LLC/LLP.
Last month in Maui, March 2010, a total of 70 single family residences were sold for a total of $40,838,789. Condos sold were 122 for a total of $107,277,684 and lastly, 12 pieces of land were sold for $8,156,900.
Latest economic outlook per the experts is sanguine, despite the fact that the state is suffering a deficit, the unemployment rate is about 9%, and production is down in many industries. Who do you believe? It is a fact that about 30% or more of the states employed are in the tourism industry and that a good portion of the state revenue comes from the real estate sector, eg. taxes. What does the future hold for Hawaii? Unless we think out-of-the-box and start developing an entrepeneur business development strategy we may be facing ambivalent economic woes. The ball is rolling and going towards the "red zone", the question is how do we deviate from the norm and force this ball towards the "green zone". Get it?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment