Waikiki, the most famous city in Hawaii. Why? Well, ask anyone who doesn’t live in this island paradise to name a city in Hawaii and more often than not Waikiki is the one they will pick. Waikiki is known the world over as one of the most popular vacation spots around. However, there is more than meets the eye to this touristy beach community.

Waikiki takes in over 4-million visitors from around the world each year. While there are always excellent vacation beach rentals, there are also plenty of single-family homes, condos and townhouses available in the Waikiki area. Sure, when you think of Waikiki you may not immediately think of “owning a home,” but then again, maybe you haven’t thought about it hard enough. With great prices and access to everything, it may just be what you have been looking for all along.

The median sales price for homes in Waikiki, Hawaii is currently hovering around $290,000. Compared to the same period one year ago, the median sales price decreased 17%, or $59,500, and the number of sales decreased 38.6%. This number means one thing… Great pricing options for homes that would normally go for much less. While home prices are usually listed for much higher in the area, the final sales price is really what it all comes down to. As you can see, with a median sales price range of $290,000 in Waikiki, the opportunity to own a nice home at a low price is available now.

Waikiki Real Estate operates under the radar some, as most people think commercial property when they think of this area. However, the Waikiki, Hawaii area also has some great deals on single-family homes, condos and townhouses. As a matter of fact, if you are looking for a great deal on a condo, then Waikiki may be your first choice.

Hawaii employs one of the best bus systems in the nation, but you won’t even need it in Waikiki. One of the biggest perks is that everything imaginable is at your disposal, and better yet, most all of it is within walking distance. The Waikiki strip itself has more shops and restaurants then you will ever need.

Waikiki living may not be for everybody, but don’t blow it off right away. Take an opportunity to dive into the Waikiki, Hawaii Real Estate market and see what you come up with. You may be surprised at what you find in Waikiki, Hawaii’s most famous city.