Hawaii Foreclosure Listings

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Hawaii Foreclosures for Sale

Situated in the island groups of the Polynesian region, Hawaii is the only U.S state that consists entirely of islands. With a collective chain of 132 islands spread over 6,459 square miles, Hawaii has one of the longest coastlines in America. Its borders are surrounded by the Pacific Ocean, with about 36 square miles of the state being covered in water. The state's climate varies considerably depending on the altitude, and with different levels of elevation scattered around the islands, a mixture of temperatures and conditions can be experienced. The sea level range is the most humid and tropical, while the mid-range altitude provides the warmest climate, with heights of 10,000 feet and above being the chilliest. Seasons throughout the year are simply categorized by summer (May to September) and winter (October to April), although the average temperature established with both seasons only differs by about 10-15 degrees Fahrenheit. Even with winter being Hawaii's wet season, days of clear sunshine remain consistent enough all year round.

Despite the region's densely populated number of islands, only eight of the 132 islands are deemed livable; these include Hawaii, Maui, Oahu, Niihau, Kauai, Molokai, Lanai and Kahoolawe. Hawaii is the largest of the eight islands and has the largest population of all eight islands. Its capital city is Honolulu, with a population of approximately 375,571. Tourism and the service sector are Hawaii's specialties; both rake in huge revenue that account for nearly 90 percent of the island's overall economy. On the other hand, Hawaii's agricultural production specializes in greenhouse plants, sugar cane, nuts, coffee and pineapples. Livestock includes beef, dairy and eggs, while flowers are also exported in large quantities internationally.

Honolulu's demographics indicate a majority of married couples currently living in households, as opposed to their single counterparts, with the average household income at roughly $45,112 annually. The common level of education among residents is a high school education with many also being college graduates who earn wages in mind-range managerial positions.

The current housing market in Honolulu is definitely appealing for those looking to buy Hawaii foreclosures, with the median sale price of homes standing at $422,500, while the general value of homes sits at $510,400. Recent trends indicate an increase in the rate of Hawaii home foreclosures being sold, with a percentile rate of 2.6 overall.