Your Hawaii Connection...
Having earned my Resort Real Estate Property Specialist Designation (RSPS) in October of 2005, I was invited by the National Association of Realtors
(NAR) to attend their Resort Symposium Workshop in Kona, Hawaii on February 5, 6, and 7th, 2006. There are currently only a handful of REALTORS who hold this
designation and we were honored with a photo shoot from the 2nd Home Journal who will be placing us on the front cover of their
Spring 2006 issue with an article
relating to our expertise and experiences in the second home market place. Please go to 2nd Home Journal, 2nd Home Specialist, 2ndhome.net for a review of
that interview and photo shoot.
Our topics of discussion at the NAR Symposium included the resort, second home, and luxury home trends as well as reviewing the economic forecast for this
specialized market place. We learned that “over 30% of home sales in 2005 were for “second homes” and we believe this number will grow due to the fact that
76 million baby boomers will seek retirement residences in the next 15 years. The trend began in 2004 when every 7 seconds someone turned 50 years old in
the United States. This trend is predicted to continue until at least the year 2019.”
Paul Brewbaker, Senior Vice President and Chief Economist, Bank of Hawaii spoke to us regarding second home market real estate and economic trends in Hawaii.
Brewbaker stated that tourism in Hawaii is very strong and new residential building is up, and it is expected to continue with a 4.5% yield forever.” He also
discussed the effects of disasters around the country which affect where people will decide to retire or invest. The longer the time interval over which
you forecast or plan, the more likely it is that improbable catastrophic events will happen, i.e. hurricanes, floods to change the balance of supply and
demand in vulnerable areas of the U.S. Hence the urgency to invest in communities where there are fewer risks of disaster. Apparently Greeley, Colorado
is the fastest growing community in the U.S. at the present time. The State of Colorado in general has seen an increase over the past 10 years and this
trend is expected to continue. Western states in general are not vulnerable to those disasters which have occurred along the eastern seaboard, and seen
the likes of Hurricane Katrina and Rita for example. More corporations are moving inward to such western states as Colorado, Utah, Wyoming, Arizona and
Nevada (who will see at least 350,000 new jobs open up within the next few years).
I would be happy to follow-up with you, should you have any further interest in Second Home and Resort Real Estate. Please feel free to contact me to
further discuss your own real estate needs and goals. I am at your service and am networked throughout the world as a Transnational Referral Consultant
(TRC), through ICREA (International Consortium of Real Estate Associations) which allows me the opportunity to network internationally. I have the
availability within my networking arena to find you a respectable, licensed and experienced Broker who is also a member of the TRC community for any market
in the world for buying and selling real estate. NAR is a member of ICREA so you have the reassurance that you will be working with the most knowledgeable
and experienced Broker professionals throughout the world.
Please feel free to visit World Properties or NAR for the opportunity to view those distinctive new listings which the TRC
network can provide for you, should you be interested in seeking either national or foreign investment opportunities.
Thank you for your interest in Resort Real Estate. Please contact me for further updates.
I
have additional information on buying, selling,
and construction in Hawaii. Let me know how I can be
of
further assistance
to you. Should you decide that you would like to visit any of these
areas, or know of anyone who would, I would welcome the opportunity
to escort
you there and make
the necessary arrangements for our trip. I can be reached at 303. 818. 3635 (cell) at your convenience. Thank
you
for your interest
in resort
real estate.
Click
Here to View Sue Pratt's - Resume.
Click Here to View Sue Pratt's - Properties for Sale.
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